StockMarket

Emami's subsidiary invests $5.65 lakh for 7.54% stake in US firm
NEW DELHI: FMCG major Emami's subsidiary has invested USD 5.65 lakh (approx Rs 3.80 crore) in the US-based organic personal care firm Loli Beauty Inc.

"Emami International FZE, a wholly owned subsidiary of the company based at Dubai, has made an investment in Loli Beauty Inc., Delaware USA, by subscribing to 12,28,261 series seed prime preferred

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Hotel Leelaventure defaults on payment of quarterly interest to LIC
Cash-strapped hospitality chain Hotel Leelaventure has defaulted in payment of quarterly interest of Rs 2.12 crore to Life Insurance Corporation of India (LIC).

Hotel Leelaventure, which currently has a debt of over Rs 3,600 crore, had issued secured redeemable non-convertible debentures on private placement basis aggregating to Rs 90 crores to

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Share market update: Private bank stocks incur losses; IndusInd Bank slips over 1%
NEW DELHI: Most private bank stocks including IDFC Bank (down 2.12 per cent), IndusInd Bank (down 1.56 per cent), South Indian Bank (down 0.85 per cent) and YES Bank (down 0.69 per cent) were trading with losses during Friday's trade, keeping the sectoral index down.

The Nifty Private Bank index was trading 0.44 per cent down at 14,999 around

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Moody's assigns Baa3 ratings with stable outlook to ArcelorMittal
NEW DELHI: Moody's Investors Service today said it has assigned Baa3 long-term issuer rating with stable outlook to global steel giant ArcelorMittal.

The upgrade reflects Moody's expectation that the company will maintain strong operating performance and will continue to reduce its leverage, it added.

"Moody's Investors Service (Moody's) has

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Share market update: Realty stocks under pressure; IB Real Estate, Sobha down 1%
NEW DELHI: Most realty stocks, including Indiabulls Real Estate (down 0.95 per cent), Sobha (down 0.94 per cent) and Godrej Properties (down 0.93 per cent) were facing the heat of selling during afternoon trade on Friday.

Shares of Prestige Estates Projects (down 0.91 per cent), Phoenix Mills (down 0.81 per cent), Oberoi Realty (down 0.14 per

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What's wrong with Asian stocks Theories from Goldman and others
By Eric Lam and Sofia Horta e CostaIt’s been a tumultuous two weeks for equity traders in Asia. And at some point, it just gets to be too much -- strategists from Goldman Sachs Group Inc. to Morgan Stanley have begun slashing their forecasts.

They’ve have had to wrestle with a rapidly escalating trade war between the U.S. and China, a Fed rate h

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China stocks have worst week in nearly five months
SHANGHAI: China stocks managed to end higher on Friday, but posted their worst weekly loss since early February, as lingering concerns over a potential full-blown trade war between China and the United States dampened investor sentiment.

The blue-chip CSI300 index closed up 0.5 per cent at 3,608.90, while the Shanghai Composite Index gained 0.5

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Share market update: Pharma stocks mixed; Sun Pharma tops sectoral pack
NEW DELHI: Pharma stocks were trading mixed during afternoon trade on Friday.

However, gains in Sun Pharmaceutical Industries (up 1.14 per cent), Piramal Enterprises (up 0.56 per cent) and Cipla (up 0.22 per cent) were keeping the sectoral index slightly up.

The Nifty Pharma index was trading 0.17 per cent up at 9,214 around 12:30 pm.

On the

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Can Fin Homes to seek shareholders' nod for Rs 7,000 crore fund mop-up
Canara Bank subsidiary Can Fin Homes plans to raise Rs 7,000 crore through a mix of debt securities and equity allotment to fund its business growth, meet working capital requirement and repay debt.

Of this, Rs 6,000 crore will be raised by issuing non-convertible debentures (NCDs), while Rs 1,000 crore is to be mopped up through issuing equity

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European shares set for worst week in three months as trade worries bite
LONDON: Strong financials stocks and better-than-expected French economic data helped drive a timid relief bounce in European shares at the end of a tumultuous week marred by trade war worries.

The pan-European STOXX 600 and its euro zone counterpart were set for their biggest weekly loss in three months as the realities of rising global

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UltraTech Cement hits 1.5 year low; further downside likely
Shares of UltraTech Cement, country’s biggest cement producer, slipped as much as 1.49 per cent to Rs 3,563, their lowest level since January 24, 2017.

Technical indicators suggested further downside in the stock in upcoming trading sessions. The scrip breaks below a support at Rs 3,642, the 61.8 per cent Fibonacci retracement level of the uptrend

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WhatsApp leak: Sebi receives 4 reports, doing further investigation
Sebi has received four reports in the matter pertaining to leak of price-sensitive information of companies through WhatsApp and is carrying out further investigations, chairman Ajay Tyagi said today.

In the high profile case, the Securities and Exchange Board of India (Sebi) has passed preliminary orders against HDFC Bank, Tata Motors, Axis Bank

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Share market update: Power stocks mixed, but the sectoral index up on gains in Power Grid, Tata Power
NEW DELHI: Power stocks were trading mixed during the last hour of Friday's session.

However, the BSE Power index was trading 0.55 per cent up at 1,999 around 3 pm, backed by gains in Adani Transmission (up 3.33 per cent) and Tata Power Company (up 2.01 per cent).

CESC (up 1.17 per cent) and Power Grid Corporation of India (up 1.12 per cent) were

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Share market update: Nifty FMCG index up nearly 1%; ITC, HUL among top gainers in the pack
NEW DELHI: FMCG stocks United Spirits (up 3.47 per cent), Jubilant Foodworks (up 2.54 per cent), ITC (up 1.67 per cent), Tata Global Beverages (up 1.39 per cent), Hindustan Unilever (HUL) (up 0.71 per cent) and United Breweries (up 0.18 per cent) were trading with gains during afternoon trade on Friday.

The Nifty FMCG index was trading 0.93 per

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Benchmark equity indices pared early gains to end in the red on Thursday amid profit booking in healthcare, capital goods, metal and auto stocks.

The BSE Sensex closed 115 points down at 35,432, while NSE’s Nifty50 settled 31 points lower at 10,741. Sustained selling by foreign institutional investors and a sliding rupee also weighed on sentiment.

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Hong Kong stocks post biggest weekly loss in 3 months amid trade war fears
Hong Kong's benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington.

The Hang Seng index rose 0.2 per cent to 29,338.70, while the China Enterprises Index lost 0.2 per cent to 11,339.87 points.

For the week, the Hang Seng lost 3.2 per

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Lupin aims to be numero uno in biosimilar etanercept in Japan
MUMBAI: Lupin Pharma, an Indian drug maker that has made its mark in Japan, one of the toughest regulatory markets for drug companies, said it can be market leader for its yetto-be-approved biosimilar drug Etanercept. In an exclusive interview with ET, Fabros Egros, president, Asia Pacific and Japan, said by using the combined sales force of its
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NEW DELHI: Domestic stocks resumed decline on Thursday after a day of gains, as trade war tensions came back to haunt investors. The S-P BSE Sensex took a 115-point cut to end trading at 35,432, while NSE’s Nifty50 slipped 31 points to settle below the 10,750 level at 10,741.

Here’s a look at the top movers and shakers of Thursday’s session -Se

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Stock market update: Metal mining stocks mixed; JSW Steel, Tata Steel rise
NEW DELHI: Metal - mining stocks were trading mixed during afternoon trade on Friday.

Shares of Jindal Steel - Power (up 1.58 per cent), Steel Authority of India (SAIL) (up 0.79 per cent), JSW Steel (up 0.60 per cent) and Tata Steel (up 0.41 per cent) were trading with gains.

On the other hand, Nalco (down 2.36 per cent), Coal India (down

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NEW DELHI: Shares of United Phosphorus on Friday slipped as much as 2.16 per cent to Rs 633.30 apiece on BSE, their lowest level since December 29, 2016.

Technical charts show the stock has broken below a support at Rs 640.2, the 86.4 per cent Fibonacci projection level of the downtrend from August 1, 2017 high to December 6, 2017 low.

This

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Sebi yet to receive reply from ICICI Bank on Kochhar issue: Tyagi
Sebi Chairman Ajay Tyagi today said the regulator is yet to receive reply from the ICICI Bank on allegations involving its CEO Chanda Kochhar.

Besides Sebi, various other agencies, including the CBI, are looking into alleged lapses involving Kochhar and her family members with respect to loans extended by the lender to certain entities, including

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Australian shares slip on trade fears, banks gain; New Zealand steady
Australian bank shares rallied after Australia and New Zealand Banking Group doubled its share-buyback programme, but the overall market slipped as trade tensions between China and the United States damaged prospects for export-focussed firms.

The S-P/ASX 200 index fell 0.1 per cent or 6.9 points to close at 6,225.2, but still posted its best

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Stock market update: IT stocks mixed; Wipro, TCS down, but HCL Tech, Infosys rise
NEW DELHI: IT stocks were trading mixed during Friday's session amid a fresh rise in Indian rupee against the US dollar.

Shares of Wipro (down 1.20 per cent), Tata Elxsi (down 0.88 per cent), Mindtree (down 0.83 per cent) and Tata Consultancy Services (down 0.74 per cent) were trading in the negative terrain.

The Nifty IT index was trading 0.11

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Sebi initiates enforcement actions in NSE co-location case: Tyagi
Markets regulator Sebi today said it has initiated enforcement actions against various entities in the NSE co-location case.

The watchdog has been probing the alleged lapses in high-frequency trading offered through the National Stock Exchange's co-location facility.

"We have received the NSE investigation report in the co-location case have

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Nikkei slips as trade war fears dent automakers
TOKYO: Japan's Nikkei share average dropped on Friday as shares of automakers fell after Germany's Daimler cut its profit forecast citing tariff concerns, while weak US economic data dampened investor sentiment.

The Nikkei fell 0.78 per cent to 22,516.83. The index is down 1.46 per cent this week. The auto index, down 1.58 per cent, was the worst

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Top intraday trading ideas for afternoon trade for Friday, 22 June 2018
NEW DELHI: The Nifty50 index was in the red around 11:30 am on Friday 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:

Manas Jaiswal of manasjaiswal.comEscorts is a 'Sell' call with a target price of Rs 855 and a

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Share market update: These are the most active stocks in value terms
NEW DELHI: Reliance Industries (Rs 1,083.08 crore) finished Thursday's trade as the most active stock in terms of value on NSE.

ICICI Bank (Rs 899.94 crore), HDFC Bank (Rs 695.30 crore) and HDFC (Rs 592.07 crore) were up next.

Tata Consultancy Services (Rs 530.55 crore), Tata Steel (Rs 477.24 crore), DHFL (Rs 398.63 crore), Vedanta (Rs 386.87

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Stock market update: RIL, HPCL weigh on BSE Oil Gas index
NEW DELHI: Shares of Reliance Industries (RIL) (down 1.83 per cent), HPCL (down 0.65 per cent), Indraprastha Gas (down 0.25 per cent) and Castrol India (down 0.21 per cent) were down during afternoon trade on Friday, weighing on the oil - gas index.

The BSE Oil - Gas index was trading 0.13 per cent down at 14,427 around 12:50 pm.

However,

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Podcast: Your daily digest of market news
Hi there..

From ETMarkets.com, I am Prachi Sharma. And This is Markets Morning,

the headlines first..

>> OPEC split over crude output hike, backdoor diplomacy on for a deal

>> Trade war pinches US first; Mid-Atlantic business activity ebbs

>> Sebi eases IPO rules to help fund-raising

AND

>> Tata group's profits swell 35%

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Tech View: Nifty50 forms a bearish candle on daily charts, outlook weak
Profit booking on select counters dragged NSE benchmark Nifty index into the red on Thursday after it had formed a ‘Bullish Harami’ pattern on the daily charts in Wednesday’s session.

Before closing 30.95 points, or 0.29 per cent, lower at 10,741, the 50-share index hit an intraday high and low of 10,809 and 10,725, respectively. As a result, it

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