Share market update: Oil stocks rise; HPCL, BPCL, ONGC among gainers
NEW DELHI: Oil - gas stocks Petronet LNG (up 2.23 per cent), Indian Oil Corporation (up 1.58 per cent), Indraprastha Gas (up 1.23 per cent) and Oil India (up 1.13 per cent) were trading with gains during afternoon trade on Tuesday.

The BSE Oil - Gas index was trading 0.36 per cent up at 14,213 around 12:40 pm.

Shares of HPCL (up 0.99 per

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Share market update: Glaxo Consumer jumps over 6% on Coke bid to buy parent firm unit
NEW DELHI: Shares of GlaxoSmithKline Consumer Healthcare jumped over 6 per cent on BSE during Tuesday's trade on reports that Coca-Cola is set to buy GlaxoSmithKline's consumer nutrition business.

As per a report in ET, Coca-Cola is set to join global consumer food giants Nestle, Danone and Hindustan Unilever and others in the $4-billion-plus

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Govt defends LIC-IDBI deal, says issuer buying stake an acquisition, not investment
The government on Monday defended the move to get insurance behemoth LIC to bail out the beleaguered IDBI Bank, saying it is an acquisition and not an investment. The government sources said LIC is keen on setting up a bank of its own or acquiring a public sector lender.

The sources said a strategic sale of IDBI Bank would not have realised the

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‘Don&t blame FAANGs for tech looking expensive&
Last year, a handful of large-cap tech stocks were responsible for most of the valuation expansion in the sector. A different pattern is playing out this year.

High flyers like Amazon.com Inc. and Nvidia Corp. are still handling most of the sector’s outperformance, but what is different this year is that the 10 biggest companies on average are s

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LIC as good as sovereign, so what is the issue
By Somnath MukherjeeMedia reports of the government offloading a substantial chunk of its shareholding in IDBI Bank to Life Insurance Corporation of India (LIC) has sparked off another round of passionate debate on the appropriateness of the action. To be sure, LIC has been an equity investor of last resort for the government for many years — p

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Sebi favours adjudication proceedings against ICICI Bank, Chanda Kochhar
A preliminary examination by regulator Sebi has favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for alleged violation of listing disclosure norms regarding 'conflict of interest' in business dealings of her husband with Videocon group.

ICICI Bank may face a penalty of up to Rs 25 crore under the relevant Sebi

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Share market update: Smallcap index in the red; JVL Agro, Gati among top losers
NEW DELHI: Underperforming benchmark Sensex, the BSE Smallcap index was trading 0.21 per cent down at 16,358 around 12:30 pm on Tuesday.

The BSE Sensex was 0.35 per cent up at 35,594, while the NSE Nifty50 was 0.35 per cnt up at 10,800 around that time.

Shares of JVL Agro Industries (down 9.68 per cent), Gati (down 5.40 per cent), Patel

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PNB Housing Finance slips after company clarifies on stake sale report
Shares of PNB Housing Finance dipped over 2 per cent in morning trade on Tuesday after the company clarified that it is not aware of any talks regarding sale of controlling stake to HDFC or Kotak Mahindra Bank.

The scrip was trading 2.32 per cent down at Rs 1,195 on BSE at around 9.55 am (IST). Shares of the company opened at Rs 1,200 and touched

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NEW DELHI: Monday’s market looked like a sea of red with few islands of green. The benchmark indices slipped into the red amid heavy selling on the counters like market heavyweights ICICI Bank and Tata Motors.

At close, the S-P BSE Sensex stood at 35,470, eroding a good 219 points or 0.61 per cent. The Nifty pack halted at 10,762, down 59.40

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Fortis defers approval of financial results again, board meeting to reconvene today
Newly-appointed board of Fortis Healthcare, which is in the process of finding an investor, has again deferred approval of quarterly and annual financial results for the period ended March 31, 2018, saying the issue requires more deliberation.

The board, which met on June 25 for considering results, will reconvene today.

"This is to inform that

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The equity market gave up most of the Friday’s gains, as it ended the first session of the week on a negative note, losing 59.40 points or 0.55 per cent. The market traded stable for major part of the session, but it was the last hour of the trade when weakness crept in.

The Nifty’s struggle with the falling trend line pattern resistance continued

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Stock market update: Nifty IT lone sectoral gainer on NSE; Tata Elxsi tops the pack
NEW DELHI: The Nifty IT index finished Monday's session as the lone gainer among the sectoral indices on NSE.

The index settled 0.64 per cent up at 13,865, with 5 stocks in the green and 5 in the red.

Shares of Tata Elxsi (up 2.21 per cent), Infosys (up 1.75 per cent), Tech Mahindra (up 0.54 per cent), Tata Consultancy Services (up 0.44 per cent)

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Stock market update: Midcaps slightly up, but underperform Sensex
NEW DELHI: Midcaps were underperforming benchmark Sensex during Tuesday's afternoon session.

Around 12:20 pm, the BSE Midcap index was 0.12 per cent up at 15,731, while the Sensex was 0.32 per cent up at 35,582. The Nifty50 was 0.28 per cent up at 10,792.

GlaxoSmithKline Consumer Healthcare (up 4.96 per cent) was leading the pack of midcap

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Sebi comes out with a list of 1,690 defaulters
As many as 1,690 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator.

The list of defaulters as on May 31, 2018 "for non-payment of penalty imposed by Sebi through orders passed up to December 31, 2017" has been published today by the regulator on its website.

The defaulters

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Tech view: Nifty50 forms bearish pattern; bulls not ready to give in
NEW DELHI: The Nifty50 negated the formation of higher highs on Monday and made a bearish candle similar to the 'Bearish Harami' pattern on the daily chart.

Traders are directionless, say analysts, who believe the index will see support at 10,700 level, while it may see resistance in the 10,830-50 range. Till the time the index decisively breaches

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Now list your startup on BSE from July 9; here are the criteria
With a view to boosting the startup environment, BSE is going to launch a platform for new-age companies from July 9.

The platform will facilitate listing of companies from IT, ITeS, biotechnology and life science, 3D printing, space technology, e-commerce, Hi-tech defence, drones, nano technology, artificial intelligence, big data,

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Kerala Financial Corporation FY18 profit up 46% at Rs 8.3 crore
Kerala Financial Corporation (KFC) posted a net profit of Rs 8.30 crore for the FY 2017-18. The net profit showed about 46% increase year-on-year. The loan sanctions registered a growth of 87.88% to Rs 724 crore, disbursements were at Rs 600 crore and total recoveries increased by 8.05% to Rs. 945 crore.

The corporation’s operating profit i

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Stock market update: These stocks plunged over 7% on NSE on Monday
NEW DELHI: Shares of Allahabad Bank (down 7.35 per cent), Idea Cellular (down 7.18 per cent) and IFB Industries (down 7.02 per cent) plunged over 7 per cent on NSE on Monday, featuring among the top losers of the day.

Stocks such as Meghmani Organics (down 6.95 per cent), Heritage Foods (down 6.84 per cent), Tata Motors (down 6.31 per cent), Sundar

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Stock market update: ICICI Bank extends losses to the second consecutive session
NEW DELHI: ICICI Bank shares extended their losses to the second consecutive session on Tuesday.

During the last two sessions, the scrip took a plunge of over 5 per cent owing to less palatable news around it.

A PTI report on Monday said that a preliminary examination by Sebi has favoured adjudication proceedings against the bank and its CEO

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Kerala Financial Corporation FY18 profit up 46% at Rs 8.3 crore
Kerala Financial Corporation (KFC) posted a net profit of Rs 8.30 crore for the FY 2017-18. The net profit showed about 46% increase year-on-year. The loan sanctions registered a growth of 87.88% to Rs 724 crore, disbursements were at Rs 600 crore and total recoveries increased by 8.05% to Rs. 945 crore.

The corporation’s operating profit i

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Stock market update: These stocks plunged over 7% on NSE on Monday
NEW DELHI: Shares of Allahabad Bank (down 7.35 per cent), Idea Cellular (down 7.18 per cent) and IFB Industries (down 7.02 per cent) plunged over 7 per cent on NSE on Monday, featuring among the top losers of the day.

Stocks such as Meghmani Organics (down 6.95 per cent), Heritage Foods (down 6.84 per cent), Tata Motors (down 6.31 per cent), Sundar

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Aurobindo Pharma rises 2% on USFDA nod
NEW DELHI: Shares of Aurobindo Pharma rose as much as 2.18 per cent in early morning trade after the company announced it has received final approval from the US Food - Drug Administration (USFDA) to manufacture and market Ertapenem Injection 1 g/vial.

Aurobindo’s Ertapenem injection is a generic equivalent of Merck Sharp - Dohme Corp’s Inv

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Reliance Jio raises $1 billion from Korean firm
Mumbai: Reliance Jio Infocomm (Jio), telecom arm of billionaire-Mukesh Ambani owned Reliance Industries, has tapped the Korean credit market to raise $1 billion (Rs6,800 crore), a move that will help it diversify its borrowing sources.

Korea Trade Insurance Corporation (K-Sure), which manages loan assets running into trillions, will extend the $1

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Stock market update: Vedanta, Sun Pharma, HDFC most active stocks in value terms on Monday
NEW DELHI: Vedanta (Rs 948.83 crore) finished Monday's session as the most active stock in value terms on NSE.

It was followed by Sun Pharma (Rs 833.13 crore), HDFC (Rs 601.21 crore), Bajaj Finance (Rs 569.45 crore), Reliance Industries (Rs 525.22 crore), Infosys (Rs 491.34 crore), Tata Motors (Rs 483.91 crore) and ICICI Bank (Rs 453.73 crore), in

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Top intraday trading ideas for afternoon trade for Tuesday, 26 June 2018
NEW DELHI: Equity market benchmarks Sensex and Nifty were swinging between gains and losses during Tuesday's trade amid weak global cues.

Around 11:30 am, the Nifty50 index was 25 points up at 10,787 and Sensex was 92 points up at 35,562 owing to gains in HDFC, ITC, TCS and Kotak Mahindra Bank.

ETMarkets.com collated a list of trading ideas from

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MCX signs agreement with IMC Chamber of Commerce and Industry
Kolkata: In a bid to pursue growth initiatives to further the development of commodity derivatives market in India, Multi Commodity Exchange of India Limited on Monday signed an agreement with IMC Chamber of Commerce and Industry.

There is a need to educate key stakeholders of commodity-exposed companies in the areas of hedging in view of risks

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F O: Nifty needs decisive range breakout above 10,835 for a rally
By Chandan Taparia

The Nifty50 index is stuck in a broader trading range between 10,700 and 10,835 levels since last eight sessions. It failed to hold above the previous day’s high of 10,837 and slipped towards the 10,750 level.

It formed a bearish Harami pattern followed by a bullish Harami pattern, which indicates that the bulls and the bears are

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Paper stocks that could gain from Maharashtraplastic ban
The plastic ban in Maharashtra is likely to boost prospects of some paper companies as industries which use plastic move to alternatives.

The state-wide ban which came into effect on Saturday has had everyone from large companies to restaurateurs to shopkeepers in a fix, and paper bags, bubble wraps, jute bags and tin foils are coming up as

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Wall Street opens lower as trade fears weigh
Wall Street's main indexes opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.

The Dow Jones Industrial Average fell 117.16 points, or 0.48 percent, at the open to 24,463.73. The S-P 500 opened lower by 11.94 points, or 0.43 percent,

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Sensex falls 219 pts, Nifty settles below 10,800 on global selloff
NEW DELHI: Headline indices Sensex and Nifty finished Monday's trade with deep losses, tracking weak global cues, as worries of trade war between the US and other economies kept investors on tenterhook.

Dalal Street participants’ risk appetite remained subdued, following the trend in global markets due to lack of fresh domestic triggers.

Depreciati

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