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Should you bet on IT stocks after Accenture's solid show in Q3 Experts- take
NEW DELHI: Are good days for Indian IT companies finally here On the face of it, robust quarterly numbers by global peers, optimistic guidance and sharp decline in the rupee do suggest so.

Take Accenture’s case for example. The leading IT firm on Thursday posted strong quarterly numbers for the third quarter as the consulting and outsourcing s

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Share market update: Top Nifty gainers and losers of Friday's session
NEW DELHI: GAIL (India), Titan Company, Hindalco Industries, Bajaj Auto, Tata Steel and Larsen - Toubro stood as the top gainers in the Nifty index on Friday.

On the contrary, Dr. Reddy's Laboratories, Tech Mahindra, IndusInd Bank, Hero MotoCorp and Mahindra - Mahindra stood as the top losers in the Nifty index.

Indian stocks rebounded

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By Subhadip Sircar and Anto AntonyThe Indian central bank’s efforts to tighten the availability of rupees in the market and halt a slide in the currency may squeeze profitability at the nation’s lenders as it raises their funding costs, according to the local unit of Moody’s Investors Service.

The rupee, Asia’s worst-performing currency this year,

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NEW DELHI: IRDAI on Friday approved LIC's plan to buy 51 percent stake in IDBI Bank, as the insurance coverage regulator offered the insurance company exemption from 15 percent investment cap. The Life Insurance Corporation of India is expected to invest Rs 10,000-13,000 crore in tranches in the NPA-mired state-run lending institution, ETNow estimated sources. The insurance provider will pare
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Sensex snaps 2-day losing run, soars 386 pts; Nifty ends above 10,700
NEW DELHI: Indian stocks staged a smart rebound on Friday, snapping two-day losing run, as the July derivatives contracts kicked off on a strong note, underpinned by a recovery in the rupee, fall in crude oil prices and easing global trade worries.

The rupee recovered significantly against the US dollar on Friday on fresh selling of the American

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Asian rally spreads to European stocks amid trade fears respite
LONDON:European shares strongly rose at the open, following the lead of Asian markets which rallied from nine-month lows as China eased foreign investment limits and provided investors a temporary respite to trade war fears.

The pan-European STOXX 600 was up 0.9 per cent by 0717 GMT, while Germany's trade-sensitive DAX jumped 1.1 per cent.

European

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YES Bank, Goldman Sachs settle case with Sebi
Private sector lender Yes Bank and Goldman Sachs today settled a Sebi probe into alleged violation of listing and disclosure norms as well as merchant banker regulations, respectively.

Individually, Yes Bank has paid Rs 40.8 lakh, while Goldman Sachs (India) Securities Pvt Ltd has remitted Rs 20.80 lakh towards settlement fees, the regulator said

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Hold Tata Motors, target Rs 314: Edelweiss

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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By Adam HaighBitcoin sank further below $6,000 on Friday, heading for a second straight month of declines at around 20 percent, as demand for the largest cryptocurrency continues to suffer from security and regulatory concerns.

The digital currency slid to about $5,861 early Friday, according to composite Bloomberg pricing, touching the lowest

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By Adam Haigh and Eric LamBitcoin's meteoric increase in 2015 had lots of observers calling it among the biggest speculative manias in history. The cryptocurrency's 2018 crash may assist cement its location in the bubble record books. Down 70 percent from its December high after moving for a 4th straight day on Friday, Bitcoin is getting ever-closer
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Sensex soars 386 pts, Nifty reclaims 10,700: 5 factors that fuelled the rally
Benchmark equity indices snapped their two-day losing streak on Friday on account of low-level buying. The BSE Sensex rallied nearly 400 points, while the NSE Nifty index reclaimed 10,700-mark.

In the Nifty 50-pack, GAIL, Titan, Hindalco, Bajaj Auto and Tata Steel rallied up to 5 per cent. On the other hand, Dr Reddy’s Labs, IndusInd Bank, Hero M

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By Nupur Acharya, Santanu Chakraborty and Ameya Karve

As emerging-market stocks reel under the pressure of a rising dollar and fiery trade rhetoric, Indian equities are charting a different course.

The nation’s benchmark S-P BSE Sensex Index has risen 7 percent this quarter in local-currency terms, the best performance among developing nations.

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NEW DELHI: After a series of cameo looks, the bulls lastly took the centrestage on Friday, beating the bears on all fronts. A recovery in the rupee and a bounceback in worldwide stocks lifted financier sentiment on the first day of July F-O series. At close, the S-P BSE Sensex stood at 35,423, up 386 points, while NSE's Nifty50 got
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Stock market update: Realty stocks up; HDIL, Oberoi Realty top sectoral index
NEW DELHI: The Nifty Realty index was trading 2.41 per cent up at 271 around 02:45 pm with Housing Development - Infrastructure (HDIL) (up 4.50 per cent) and Oberoi Realty (up 4.16 per cent) as the top gainers.

Shares of Indiabulls Real Estate (up 2.97 per cent), DLF (up 2.62 per cent), Unitech (up 2.44 per cent), Brigade Enterprises (up 1.87

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Stock market update: Hindalco, Tata Steel boost metal pack
NEW DELHI: Gains in Hindalco Industries (up 3.76 per cent), Nalco (up 2.82 per cent), Jindal Steel - Power (up 2.76 per cent) and Tata Steel (up 2.71 per cent) gave a boost to BSE Metal index during afternoon trade on Friday.

The BSE Metal index was trading 2.06 per cent up at 12,969 around 01:10 pm.

Shares of NMDC (up 2.17 per cent), Vedanta

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Tech view: Nifty50 forms Long White Day, bulls turn confident
NEW DELHI: The Nifty50 reclaimed the 10,700 level on Friday to settle above its 50-day moving average. The index formed a large bullish candle on the daily chart, similar to a ‘Long White Day’ and would face resistance at other key short-term moving averages in the 10,730-10,750 range.

On the face of it, Friday’s rally seemed to have instilled c

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Fine Organic, RITES to list on bourses on Monday
Shares of RITES and Fine Organic Industries will list on the bourses on Monday. Initial public offerings of both the companies ran from June 20 to June 22.

Railways consultancy firm RITES public offer garnered strong investor demand, with the issue getting subscribed more than 67 times. The price band for the issue was fixed at Rs 180-185 per

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Share market update: Power stocks light up; Adani Transmission, ABB India jump over 4%
NEW DELHI: Most power stocks were trading with gains during afternoon trade on Friday.

The BSE Power index was trading 1.27 per cent up at 1,935 around 01:05 pm with Adani Transmission (up 4.97 per cent), ABB India (up 4.24 per cent), Adani Power (up 3.54 per cent) and NHPC (up 3.10 per cent) as top gainers.

CESC (up 3.05 per cent), JSW Energy (up

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Share market update: These stocks surge over 10% on NSE on Friday
NEW DELHI: Shares of Kolte - Patil Developers (up 20 per cent), Hindustan Construction Company (up 16.13 per cent), Jindal Saw (up 11.74 per cent), Sequent Scientific (up 11.73 per cent), EID Parry India (up 10.54 per cent) and IDBI Bank (up 10.33 per cent) surged over 10 per cent on NSE on Friday.

Indian stocks rebounded impressively on Friday,

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Share market update: Pharma stocks mixed; sectoral index trades flat
NEW DELHI: Pharma stocks were trading mixed during afternoon trade on Friday.

The Nifty Pharma index was trading flat at 9,149 around 02:40 pm.

Shares of Divi's Laboratories (up 3.79 per cent), Glenmark Pharmaceuticals (up 1.68 per cent), Cipla (up 1.64 per cent), Aurobindo Pharma (up 0.97 per cent), Lupin (up 0.58 per cent) and Biocon (up 0.08

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Australian shares fall on banks, health care stocks; New Zealand down
Aussie shares ended lower on Friday as financials and health care stocks weighed on the benchmark, with investors cautious on the last trading day of the fiscal year. The S-P/ASX 200 index fell 20.8 points to close at 6,194.6. The benchmark gained over 3 per cent in June. The financial index, the largest sector on the board, was the biggest
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Share market update: These stocks surge over 10% on NSE on Friday
NEW DELHI: Shares of Kolte - Patil Developers (up 20 per cent), Hindustan Construction Company (up 16.13 per cent), Jindal Saw (up 11.74 per cent), Sequent Scientific (up 11.73 per cent), EID Parry India (up 10.54 per cent) and IDBI Bank (up 10.33 per cent) surged over 10 per cent on NSE on Friday.

Indian stocks rebounded impressively on Friday,

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Stock market update: FMCG stocks on upward trajectory; Godrej Industries, HUL, ITC among top gainers
NEW DELHI: Most FMCG stocks including Emami (up 5.67 per cent), Godrej Industries (up 3.25 per cent), Hindustan Unilever (HUL) (up 2.32 per cent), United Breweries (up 2.09 per cent) and ITC (up 1.80 per cent) were on an upward trajectory during afternoon trade on Friday.

The Nifty FMCG index was trading 1.55 per cent up at 28,851 around 02:30 pm.

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End of easy money: What the worldtop central banks will do next
Slowly, but surely, central banks around the world are unwinding the easy money they spent a decade injecting into the global economy to fight the fallout from financial crises and recession.

Already this year, the Federal Reserve raised its key interest rate twice and the European Central Bank declared it would cease buying assets in December.

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F O: Put writing shows investors do not expect Nifty to fall much
By Chandan TapariaThe Nifty50 index managed to recover the entire losses of Thursday’s session and closed above the crucial 50-day EMA. It formed a strong Bullish Candle on the daily scale and a Hammer Candle on the weekly chart, which suggest the decline got bought into.

As long as the Nifty50 holds above 10,660 level, it could extend the gains

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PE firms invest record $8.2 billion in June quarter
NEW DELHI: Private equity firms invested a record $8.2 billion across 158 deals during the quarter ended June, up 60 per cent over the year ago period, largely driven by big ticket deals, says a report.

According to the data from deal tracking firm Venture Intelligence, in the June quarter of 2017, there were $5.1 billion PE investments by way of

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Nomura, India has a neutral call on Container Corporation of India Ltd. with a target price of Rs 711. The current market price of Container Corporation of India Ltd. is Rs 619.95 Time period offered by the brokerage is a year when Container Corporation of India Ltd. price can reach defined target. Container Corporation of India Ltd., incorporated
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IDBI Bank says 'no discussion' on Rs 13,000 crore capital infusion by LIC
State-owned IDBI Bank today said no discussion has taken place with regard to capital injection of Rs 13,000 crore in the bank by insurance major LIC.

Clarifying on the matter, the bank informed stock exchanges, "Please refer to your mail dated June 29, 2018, regarding news clarification 'LIC plans Rs 130 bn capital injection in IDBI Bank. It is

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Share market update: Bajaj Auto, Tata Motors boost BSE Auto index
NEW DELHI: Shares of Bajaj Auto (up 3.22 per cent), Exide Industries (up 2.74 per cent), MRF (up 2.35 per cent), Ashok Leyland (up 1.49 per cent) and Tata Motors (up 1.46 per cent) were trading with decent gains during afternoon trade on Friday.

The BSE Auto index was trading 0.71 per cent up at 23,846 around 02:20 pm.

Shares of Bosch (up 1.36

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Buy Phoenix Mills, target Rs 757: Motilal Oswal
Motilal Oswal has a buy call on Phoenix Mills Ltd. with a target price of Rs 757. The current market price of Phoenix Mills Ltd. is Rs 658.5 Time period given by the brokerage is a year when Phoenix Mills Ltd. price can reach defined target. Phoenix Mills Ltd., incorporated in 1905, is a midcap company with a market cap of Rs 9872.29 crore.

Investm

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