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Sebi to show-cause NSE in co-location case
The Securities and Exchange Board of India (Sebi) will soon issue a show-cause notice to the National Stock Exchange (NSE) and some of its stakeholders in the co-location probe, ETNOW reported, quoting sources.

Two audit firms appointed by Sebi has conducted forensic audit on a section of brokers who had been allowed to use co-location facilities

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As GST celebrates its 1st anniversary…
By Sachin MenonThe Goods and Services Tax (GST) regime is scheduled to complete a year on July 1, 2018. As we look back through the eventful year of the introduction of the “mother of all tax reforms” in India, all stake holders have enough reason to celebrate the occasion. The reform, which was expected to create utter chaos and uncertainty for
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ET Intelligence Group: Factors such as concerns over trade war, rising US bond yields, and uncertainty over economic growth are taking toll on the emerging markets (EMs). They have lost nearly $ 2 trillion in market capitalisation since the beginning of the year. EMs with larger share of exports in the gross domestic product (GDP) are facing
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Indian Bank withdraws dividend of Rs 6 per share; stock drops over 4%
NEW DELHI: Shares of Indian Bank slipped as much as 4.46 per cent on Thursday after the state-run lender withdrew dividend of Rs 6 per share.

The bank's board had recommended the dividend on May 10 while declaring March quarter results. It reported 59 per cent decline in net profit at Rs 131.98 crore for the quarter ended March 31, as provisions

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Prem WatsaDigit Insurance acquires ITI Reinsurance
MUMBAI: Prem Watsa-promoted Digit Insurance has bought 100 per cent stake in private reinsurance company ITI Reinsurance from Fortune Financial Services of Sudhir Valia, an associate of Sun Pharma’s Dilip Shanghvi for about Rs 500 crore, said a person familiar with the deal.

“The sale agreement was signed last evening,” said he person. “The propo

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Stock market update: Oil stocks sink amid surging global crude prices; HPCL, GAIL, BPCL top losers
NEW DELHI: Shares of most oil marketing firms including HPCL (down 3.16 per cent), GAIL (India) (down 2.50 per cent) and BPCL (down 2.12 per cent) were incurring losses during early trade on Thursday amid a surge in global crude oil prices.

Oil prices jumped on Wednesday as plunging US crude stockpiles compounded supply worries in a market already

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Share market update: Midcaps suffer more losses than Sensex; MRPL, PNB Housing Finance among top losers
NEW DELHI: Midcaps were incurring more losses than Sensex during Thursday's trade.

Around 12 pm, the BSE Midcap index was 0.72 per cent down at 15315, while the BSE Sensex was 0.22 per cent down at 35,138. The NSE Nifty50 was 0.35 per cent down at 10,634.

Mangalore Refinery and Petrochemicals (MRPL) (down 8.34 per cent), PNB Housing Finance (down

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Share market update: Sensex, Nifty subdued; PNB Housing Finance, MRPL, KRBL crack up to 6%
NEW DELHI: Shares of PNB Housing Finance (down 6.04 per cent), MRPL (down 5.98 per cent) and KRBL (down 5.66 per cent) cracked up to 6 per cent on NSE during Thursday's trade.

PTI reported on Wednesday that PNB Housing Finance is planning to raise up to Rs 10,000 crore in one or more tranches by issuing bonds through public issue.

Shares of KNR

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MUMBAI: The stock market weakened on Wednesday mirroring the turmoil in global markets, which have been dragged down by the increasing threat of a global trade war led by the US. Mid- and small-cap shares led the selloff on Dalal Street as investors dumped them on worries that the worst for these segments may be far from over.

The fall in

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Share market update: Midcaps suffer more losses than Sensex; MRPL, PNB Housing Finance among top losers
NEW DELHI: Midcaps were incurring more losses than Sensex during Thursday's trade.

Around 12 pm, the BSE Midcap index was 0.72 per cent down at 15315, while the BSE Sensex was 0.22 per cent down at 35,138. The NSE Nifty50 was 0.35 per cent down at 10,634.

Mangalore Refinery and Petrochemicals (MRPL) (down 8.34 per cent), PNB Housing Finance (down

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India seeks bids from consultants for state insurance firms' merger
MUMBAI - Three Indian state-owned non-life insurance companies, which the government plans to merge into a single company, sought interest on Thursday from consultants to advice them on the deal, according to a public notice.

In February, the finance minister in his annual budget announced the plan to merge National Insurance Co Ltd, Oriental

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Sensex, Nifty off to a poor start; IT stocks gain on weak rupee
NEW DELHI: The bears continued to rule Dalal Street on Thursday amid macro-economic concerns and global market selloff.

At 09:26 am, the S-P BSE Sensex was trading 53 points lower at 35,164 with Infosys (up 2 per cent) being the top gainer and Coal India (down nearly 3 per cent) the worst laggard.

NSE's Nifty50 index was trading 31.45 points

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Stock market update: Over 335 stocks hit 52-week lows on NSE
NEW DELHI: Over 335 stocks including AksharChem India, Asian Granito India, BEL, BEML, Bank of Baroda and Bank of India hit 52-week lows on NSE during Thursday's trade.

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

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Wanna beat market turmoil Try direct equity SIPs in these stocks
When going gets tough, you innovate!

As the bears keep a tight grip on the domestic equity market, testing the limits of investors’ patience, market pundits are seeking to look at the situation as a glass half-filled, pointing out opportunities to accumulate shares of good businesses.

They say the way SIP investors of mutual funds are going whole

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Buy Indian Energy Exchange, target Rs 1930: IIFL

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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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NDTV shares rally over 40% in 2 sessions
Shares of NDTV rallied over 40 per cent in two trading sessions after reports that the market regulator Sebi has ordered Vishvapradhan Commercial to make an open offer.

Regulator Sebi on Wednesday ordered a little-known entity, Vishvapradhan Commercial, to make an open offer for NDTV for indirectly acquiring control of up to 52 per cent stake

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Madhav Kalyan to now manage JPMorganSouth Asia operations
MUMABI: JPMorgan has elevated Madhav Kalyan, CEO and MD, JPMorgan Chase Bank in India, to a regional role as the head of corporate banking in South and South East Asia as it seeks to capitalise on the growing opportunities in the region. This will be in addition to Kalyan’s current responsibilities as head of corporate banking in India. JPMorgan’s
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Buzzing stocks: RCom, GMR Infra, HCL Tech, TCS, BPCL
NEW DELHI: Reliance Communications, with over 1.12 crore shares changing hands, was leading the pack of most traded stocks on NSE.

It was followed by GMR Infra (number of shares traded: 1.02 crore), JP Associates (0.73 crore), Suzlon Energy (0.52 crore), Vakrangee (0.36 crore), IDBI Bank (0.27 crore) and Adani Power (0.23 crore).

On the other

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NDTV shares rally over 40% in 2 sessions
Shares of NDTV rallied over 40 per cent in two trading sessions after reports that the market regulator Sebi has ordered Vishvapradhan Commercial to make an open offer.

Regulator Sebi on Wednesday ordered a little-known entity, Vishvapradhan Commercial, to make an open offer for NDTV for indirectly acquiring control of up to 52 per cent stake

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Share market update: Nifty PSU Bank index slightly down; SBI top loser
NEW DELHI: PSU bank stocks State Bank of India (down 0.42 per cent), Indian Bank (down 0.39 per cent), Bank of India (down 0.23 per cent) and IDBI Bank (down 0.10 per cent) were incurring mild losses during Thursday's trade, keeping the sectoral index slightly under pressure.

The Nifty PSU Bank index was trading 0.13 per cent down at 2,806 around

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Buy Havells India, target Rs 650: Reliance Securities
Havells India share price: Buy Havells India, target Rs 650: Reliance Securities - The TheIndianSubcontinent

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Top intraday trading ideas for afternoon trade for Thursday, 28 June 2018
NEW DELHI: The Nifty50 index was trading below 10,650 around 11:30 am on Thursday following selling in frontline bluechip counters.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Pritesh Mehta, head-technical research, IIFLBharti Infratel is a 'Buy' call with a

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Stock market update: IT stocks mixed; Infosys, HCL Tech up, but Tech Mahindra, TCS suffer losses
NEW DELHI: IT stocks were trading mixed during morning trade on Thursday.

The Nifty IT index was trading 0.32 per cent up at 14,063 around 10:15 am.

Shares of Infosys (up 1.95 per cent), Infibeam Incorporation (up 1.29 per cent), HCL Technologies (up 0.43 per cent), Wipro (up 0.27 per cent) and KPIT Technologies (up 0.11 per cent) were among the

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Sell Apollo Tyres, target Rs 250: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Apollo Tyres Ltd. with a target price of Rs 250.0 . The current market price of Apollo Tyres Ltd. is Rs 259.95 Time period given by analyst is Intra Day when Apollo Tyres Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 266. Apollo Tyres Ltd.,
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Hedge fund managers see echo of past crashes in markets
LONDON: The ranks of hedge fund managers expecting impending market chaos are growing.

Greg Coffey, the former star manager at Moore Capital Management who started trading at his own firm this year, is comparing the turmoil in May to the end of dotcom bubble in 2000. Horseman Capital Management’s Russell Clark, one of the most bearish hedge fund m

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MUMBAI: The Securities and Exchange Board of India (Sebi) has asked Lakshmi Vilas Bank (LVB) why it did not disclose a dispute with Religare Finvest in its regulatory filing for rights share issue launched in January, said two sources familiar with the matter.

The private lender had claimed adjustment of a fixed deposit of about Rs 800

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NEW DELHI: Wednesday proved to be another rough day for the bulls. Jitters ahead of June series F-O expiry, falling rupee and lingering trade war worries threw domestic stocks into an abyss.

The 30-share Sensex pack took a 273-point tumble to settle at 35,217 while NSE's Nifty bled almost 100 points to end at 10,671.

The pain was worst in

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NEW DELHI: TTK Prestige would ring a bell with most Indians, as Prestige pressure cooker has been a household name. The company, which started its journey six decades ago, has grown into one of a leading player in kitchen appliances, with some 600 product offerings in the market.

In last 10 years, the company has grown both topline and bottomline

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Share market update: Pharma stocks rise on falling rupee
NEW DELHI: Most pharma stocks were trading with gains during morning trade on Thursday, while rupee plunged further against the US dollar.

The rupee on Thursday opened at an all-time low against the US dollar, breaching the 69 level for the first time.

The Nifty Pharma index was trading 0.58 per cent up at 9,317 around 10 am.

Shares of Cadila

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Stock market update: Oil gas top sectoral loser on BSE; BPCL, HPCL sink up to 8%
NEW DELHI: The oil - gas index settled as the top loser among the sectoral indices on BSE on Wednesday.

The BSE Oil - Gas index finished Wednesday's session 3.81 per cent down at 13,633 with all components down.

BPCL (down 8.04 per cent), HPCL (down 7.45 per cent), Indian Oil Corporation (down 6.18 per cent), GAIL (India) (down 4.20 per

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