StockMarket

SBIcasual approach in giving loans to Uttam Steels criticised
MUMBAI : The National Company Law Tribunal’s Mumbai chapter has rebuked the country’s largest lender, State Bank of India, for its “lackadaisical approach” in sanctioning a Rs 334-crore loan to Uttam Value Steels.

“On the face of records, it seems the profitability in this business has not matched with the quantum of loan granted,” said M K Shr

Details
Category: Stock Market

Write comment (93 Comments)

Stock market update: Private bank stocks mixed; Kotak Mahindra Bank up, but IndusInd Bank down
NEW DELHI: Private bank stocks were trading mixed during morning trade on Friday.

Shares of South Indian Bank (up 3.50 per cent), RBL Bank (up 1.82 per cent), Federal Bank (up 1.53 per cent), Kotak Mahindra Bank (up 0.98 per cent), YES Bank (up 0.44 per cent) and ICICI Bank (up 0.18 per cent) were trading with gains.

On the contrary, IDFC Bank

Details
Category: Stock Market

Write comment (96 Comments)

European shares fall as European Union summit dampens mood
LONDON: Trade tensions and political concerns again weighed on European shares on Thursday as investors positioned for a potentially divisive European Union summit.

Having clawed back some ground on Wednesday, the pan-European STOXX 600 and Germany's trade-sensitive DAX were down 0.4 and 0.6 per cent by 0850 GMT, with technology and financial

Details
Category: Stock Market

Write comment (94 Comments)


NEW DELHI: What made ace financier Rakesh Jhunjhunwala cut his stake in Titan Company, the greatest holding in his portfolio A regulative filing on Thursday showed the ace investor sold 1.25 crore shares, or 1.4 percent stake, in the jeweller throughout May and June. The ace financier saw his holding in Titan drop to 6.54 crore shares, or 7.37 per
Details
Category: Stock Market

Write comment (96 Comments)

Share market update: PSU bank stocks bullish; IDBI Bank, PNB among top gainers
NEW DELHI: Most PSU bank stocks were trading with decent gains during morning trade on Friday.

The Nifty PSU Bank index was trading 2.33 per cent up at 2,819 around 10:20 am.

Shares of IDBI Bank (up 10.63 per cent) zoomed amid reports LIC has finalised the deal with the lender, which will eventually pave the way for the infusion of Rs 13,000

Details
Category: Stock Market

Write comment (90 Comments)

Australian shares edge up on banks, materials; New Zealand little changed
Australian shares edged higher on Thursday, snapping four straight sessions of fall, on the back of gains in banks, while a recovery in commodity prices spurred demand for materials.

The S-P/ASX 200 index closed 0.3 per cent , or 19.5 points, higher at 6,215.4, after shedding 1.70 points on Wednesday.

Financials closed higher after a weak

Details
Category: Stock Market

Write comment (90 Comments)

Neutral United Spirits, target Rs 629: Nomura, India
Nomura, India has a neutral call on United Spirits Ltd. with a target price of Rs 629.0 . The current market price of United Spirits Ltd. is Rs 666.55 Time period given by analyst is year when United Spirits Ltd. price can reach defined target. United Spirits Ltd., incorporated in the year 1999, is a largeccap company with a market cap of Rs
Details
Category: Stock Market

Write comment (93 Comments)

2 stock ideas for Fridaysession by CK Narayan
Subdued global markets and a weak Indian rupee pulled the domestic equity indices lower on Thursday, with the BSE Sensex closing 179 points lower.

Globally, investor sentiments were weighed down by the ongoing trade war concerns among major economies.

In the domestic market, expiry of the June derivative contracts also added to the volatility on

Details
Category: Stock Market

Write comment (90 Comments)

Nikkei ends near 1-month low as trade war concerns sour mood
TOKYO:Japan's Nikkei ended flat but near one-month lows on Thursday, taking its cue from weakness on Wall Street as a simmering trade row between the United States and China hurt investor risk appetite.

The Nikkei eased 1.38 points to 22,270.39, its weakest closing since June 1. The index had dropped as much as 1 per cent in early trade, before

Details
Category: Stock Market

Write comment (99 Comments)

Stock market update: Midcaps outperform Sensex; IDBI Bank, RCom lead the pack of midcap gainers
NEW DELHI: Midcaps were outperforming Sensex during the first half of Friday's trade.

Around 11:10 am, the BSE Midcap index was trading 1.41 per cent up at 15,390, while the BSE Sensex was 0.58 per cent up at 35,242. The NSE Nifty50 was 0.67 per cent up at 10,660.

Shares of IDBI Bank (up 8.82 per cent), Reliance Communications (up 6.74 per cent),

Details
Category: Stock Market

Write comment (93 Comments)

In the previous market note, a possibility of a breakdown was mentioned, if the Nifty were not to hold the 50-DMA level on a closing basis. On these very lines, the NSE benchmark continued with its slide in Thursday’s session, as it ended with a loss of 82.30 points or 0.77 per cent.

The session majorly remained less volatile given the fact that

Details
Category: Stock Market

Write comment (93 Comments)

Buy Tata Steel, target Rs 830: ICICI Securities

Commenting feature is disabled in your country/region.

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.

From Around The Web

More from The TheIndianSubcontinent

Details
Category: Stock Market

Write comment (94 Comments)

Stock market update: Britannia, Godrej Consumer Products, Infosys hit 52-week highs on BSE
NEW DELHI: Britannia Industries, Capital India Finance, Galaxy Bearings, Godrej Consumer Products and Infosys hit 52-week highs on BSE during Friday's trade.

Kartik Investments Trust, Nirav Commercials, Sindhu Trade Links, Swaraj Automotives, Zim Laboratories and Universal Starch Chem Allied also featured among the stocks that touched 52-week

Details
Category: Stock Market

Write comment (97 Comments)

NEW DELHI: Domestic stocks continued to bleed on Thursday. June F-O expiry, a sinking rupee and trade war worries had investors on the edge. The S-P BSE Sensex shed 0.51 per cent to settle at 35,037, while NSE’s Nifty50 pack dropped 0.77 per cent to close at 10,589.

In today’s After Market, we bring you -Buzzing stocks; Insider Trades Block

Details
Category: Stock Market

Write comment (94 Comments)

Add Jubilant Foodworks, target Rs 3034: Equirus Securities

Commenting feature is disabled in your country/region.

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.

From Around The Web

More from The TheIndianSubcontinent

Details
Category: Stock Market

Write comment (98 Comments)

Last bull turns bear on these 2nd-rung stocks; wait or buy
An ocean of green till the beginning of 2018, Dalal Street has turned into a sea of red over the past six months, with nearly 90 per cent of midcap and smallcap stocks tumbling up to 95 per cent.

Corporate governance issues, slower-than-expected earnings growth, valuation concerns and global as well as local macroeconomic headwinds have mainly

Details
Category: Stock Market

Write comment (92 Comments)

Tech view: Nifty forms bearish candle, has key support at 10,550
NEW DELHI: The Nifty50 tumbled for the second straight session on Thursday and ended up forming a bearish candle on the daily chart. Technical indicators turned weak, but a small pullback cannot be ruled out.

“In the near term, the 10,550 level will provide crucial support. The index is likely to drift towards 10,417 and subsequently towards 1

Details
Category: Stock Market

Write comment (93 Comments)

Share market update: Telecom stocks dull; MTNL, Bharti Infratel, Airtel lose steam
NEW DELHI: Most telecom stocks were trading with losses during afternoon trade on Thursday.

The BSE Telecom index was trading 0.46 per cent down at 1,156 around 12:30 pm.

Shares of Aksh Optifibre (down 2.95 per cent), Sterlite Technologies (down 2.39 per cent), Tata Communications (down 1.91 per cent) and Tata Teleservices (Maharashtra) (down

Details
Category: Stock Market

Write comment (90 Comments)

Share market update: Over 130 stocks hit 52-week lows on NSE
NEW DELHI: Even as equity markets were in the positive territory and all sectoral indices were in the green, over 130 stocks hit 52-week lows on NSE during Friday's trade.

BEML, Capital First, Castrol India, Clariant Chemicals (India), Deccan Cements, Foseco India, Jet Airways (India), Rushil Decor, Talwalkars Lifestyles and Zee Media Corporation

Details
Category: Stock Market

Write comment (91 Comments)

Share market update: Oil gas top sectoral loser on BSE
NEW DELHI: The oil - gas index finished Thursday's session as the top loser among the sectoral indices on BSE.

The BSE Oil - Gas index closed the day 2.51 per cent down at 13,291, with all components in the red.

HPCL (down 5.56 per cent) led the pack of losers in the index, followed by BPCL (4.54 per cent) and Indraprastha Gas (4.19 per

Details
Category: Stock Market

Write comment (92 Comments)

RBL Bank raises its stake in Swadhaar FinServe to 100%
KOLKATA: Private sector lender RBL Bank has fully acquired Mumbai-based financial product distribution firm Swadhaar FinServe Pvt Ltd where it had 60.49 per cent holding earlier.

Swadhaar has now become fully owned subsidiary of the bank, the bank said in a regulatory filing to stock exchanges.

RBL has purchased 35.94 per cent from Accion

Details
Category: Stock Market

Write comment (94 Comments)

IDBI Bank surges 12% on LIC deal buzz
NEW DELHI: Shares of IDBI Bank, the state-owned lender, climbed as much as 11.62 per cent on Friday amid reports that LIC has finalised the deal with the lender, which will eventually pave way for the infusion of Rs 13,000 crore in the bank.

Post this deal, the government's stake in IDBI Bank will fall below 51 per cent, the report added.

Insuran

Details
Category: Stock Market

Write comment (92 Comments)

Share market update: Over 400 stocks hit 52-week lows on NSE
NEW DELHI: As many as 414 stocks including AksharChem India, Asian Granito India, BEL, BEML, Bank of Baroda and Bank of India hit 52-week lows on NSE on Thursday.

Ceat, Centum Electronics, Cox - Kings, Cummins India, Dalmia Bharat, Deccan Cements, Dena Bank, Grasim Industries, Indiabulls Real Estate, IDBI Bank, Tata Motors, Tata Power and UPL

Details
Category: Stock Market

Write comment (91 Comments)

RBL Bank raises its stake in Swadhaar FinServe to 100%
KOLKATA: Private sector lender RBL Bank has fully acquired Mumbai-based financial product distribution firm Swadhaar FinServe Pvt Ltd where it had 60.49 per cent holding earlier.

Swadhaar has now become fully owned subsidiary of the bank, the bank said in a regulatory filing to stock exchanges.

RBL has purchased 35.94 per cent from Accion

Details
Category: Stock Market

Write comment (95 Comments)

US jobless claims rise, first quarter growth slows
NEW YORK: The US economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts.

Gross domestic product increased at a 2 per cent annual rate in the January-March period, the US

Details
Category: Stock Market

Write comment (93 Comments)

F O: Options data suggests limited upside for Nifty50
By Chandan TapariaThe Nifty50 index continued to face selling pressure for the second session after the recent breakdown from consolidation phase to slip below 10,700.

The index formed a bearish candle on the daily scale, followed by Bearish Belt Hold pattern. It has been making lower highs and lower lows for last three sessions and has slipped

Details
Category: Stock Market

Write comment (93 Comments)

Rupee breaches 69 a dollar mark on NDF play, say dealers
KOLKATA: The rupee on Thursday breached 69 a dollar for the first time in the local market mirroring the overseas non deliverable forward (NDF) trade last night where rupee was seen at 69.20 a dollar.

The rupee has been reeling under pressure due to the ongoing trade war concerns and rising fuel prices.

It opened at lower 68.89 against the US

Details
Category: Stock Market

Write comment (95 Comments)

Gaja sells part of RBL Bank stake to US Wasatch Funds
MUMBAI: Private equity fund Gaja Capital has sold a part of its stake in RBL Bank for an undisclosed sum via a block deal making eight times return on its investment. The shares were sold to US based mutual fund Wasatch Funds.

Gaja Capital managing partner Gopal Jain confirmed the deal but declined to give valuations. “This is a milestone in our j

Details
Category: Stock Market

Write comment (99 Comments)

Sensex hits 3-week low, Nifty slips below 10,600 on rupee woes
NEW DELHI: Falling for a second straight session on Thursday, the domestic equity market hit multi-week lows, as investors moved to cut down on their bets after the rupee hit the 69 mark during the session.

Equities also came under the pressure on the last day of June derivatives series, with bank, auto, metal, oil - gas, energy and financial

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: Smallcap index underperforms Sensex, falls over 1%
NEW DELHI: Falling over 1 per cent, the smallcap index was underperforming benchmark Sensex during Thursday's trade.

Around 12:10 pm, the BSE Smallcap index was 1.13 per cent down at 15790, while the BSE Sensex was 0.34 per cent down at 35,096. The NSE Nifty50 was 0.47 per cent down at 10,621.

Shares of Gammon Infrastructure Projects (down 10.14

Details
Category: Stock Market

Write comment (92 Comments)