StockMarket

Sensex to remain flat over next 12 months; Bajaj Auto, Reliance, ITC top bets: Morgan Stanley
Global brokerage firm Morgan Stanley expects nearly a per cent upside from the benchmark BSE Sensex over the next 12 months. The index was hovering around 35,625 in the afternoon trade on Monday.

According to ETNow, Morgan Stanley sees the 30-share Sensex at 36,000 by June 2019, based on 16 times 1-year forward price-earnings ratio.

The brokerage

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Adani Green Energy up 5% on BSE listing
NEW DELHI: Adani Green Energy (AGEL) made a decent debut on the BSE on Monday as the scrip climbed 5 per cent.

It hit a high of Rs 29.40 early today. The scrip has been admitted to the 'T' group of securities on the exchange.

Last year, Adani Enterprises had announced demerger of its renewable energy business into associate company Adani Green

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Fund raising via preferential allotment rises 39-fold in April
Indian companies garnered over Rs 72,000 crore through issuance of shares on preferential basis in April this year, registering a whopping 39-fold rise over the same month a year ago.

The firms had mopped up Rs 1,835 crore in April 2017.

The April 2018 mobilisation was even greater than what the comapnies had garnered during the entire 2017-18,

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Brokerages to seek tax easing for offshore India trades
By Santanu Chakraborty

Brokerages representing offshore investors are asking for more concessions to trade in India’s nascent international financial hub in Gujarat, according to people with knowledge of the matter.

The brokers, who transact on behalf of overseas funds, are seeking the same exemption from local taxes enjoyed by foreign funds in the

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Share market update: PSU bank stocks experience the heat of selling; BoB, PNB among top losers in the pack
NEW DELHI: Most PSU bank stocks were incurring losses during the first half of Monday's trade.

The Nifty PSU Bank index was trading 0.29 per cent down at 3,024 around 10:30 pm with Syndicate Bank (down 1.82 per cent), Oriental Bank of Commerce (down 1.43 per cent), Bank of Baroda (down 1.14 per cent) and Punjab National Bank (down 1 per cent) as

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Sebi likely to to amend buyback regulations
Markets regulator Sebi plans to revise the regulations for share buybacks wherein more clarity would be provided on various aspects, including on the requirement to make public announcements, according to a senior official.

The watchdog has carried out a review of the current buyback norms in order to simplify the language, remove inconsistencies

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Top Quant strategies for the week
Quantitative Strategies

MOTILAL OSWAL SECURITIES

Option WritingSTRATEGY 1

Writing against Cash / Fut Holding Sell ICICI BANK 300 CE 28-JUNE-18 @ 1.60 Target Level : 0 Stop Loss Level : 2.40 Gross Monthly Yield : 1.60% ROI : 4.15%

Margin : Rs 1,05,500 Days to Expiry : 11 Writing with Hedging Leg 1 : Sell ICICI BANK 300 CE 28-JUNE-18 @ 1.60 Leg 2 : Buy

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Stock market update: These stocks jump up to 4% in a weak market
NEW DELHI: Bucking the negative trend, shares of Strides Shasun (up 4.20 per cent), MMTC (up 4 per cent), Bajaj Holdings and Investmen (up 3.81 per cent), Mphasis (up 3.65 per cent), HPCL (up 3.58 per cent), Idea Cellular (up 3.30 per cent) and Siemens (up 3.45 per cent) jumped up to 4 per cent on BSE during Monday's trade.

Sensex and Nifty were

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7 of top 10 firms add Rs 73,872 crore in m-cap
Seven of 10 most valued companies added Rs 73,871.79 crore to their total market valuation last week, led by Tata Consultancy Services (TCS) that became the first bluechip to hit a market capitalisation of Rs 7 lakh crore.

While TCS, Reliance Industries Ltd (RIL), HUL, Infosys, Maruti Suzuki India, Kotak Mahindra Bank and SBI were on the gainers

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Top intraday trading ideas for afternoon trade for Monday, 18 June 2018
NEW DELHI: The Nifty50 index was trading 9 points down at 10,809 around 11:45 am on Monday as investors were cautious in the light of a renewed trade war prospect between world's two largest economies, the US and China.

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

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MUMBAI: Savers have enough reason to rejoice after the Reserve Bank of India (RBI) effected the first rate increase in more than four years, pointing to a commensurate rise in rates for corporate deposits.

Although commercial banks did not raise rates in bulks, at least four nonbanking finance companies (NBFCs) — Bajaj Finance, Dewan Housing F

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FPIs withdraw Rs 5,500 crore from markets in June so far
Foreign investors have pulled out more than Rs 5,500 crore from capital markets this month so far due to global trade war worries coupled with hawkish commentary by the US Federal Reserve.

This comes following a net outflow of over Rs 45,000 crore from capital markets (equity and debt) in the last two months. Prior to that, foreign portfolio

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Kacholia sells off stake in favourite smallcap
Granite manufacturing firm Pokarna declined over 2 per cent on Monday after stake sale by investor Ashish Kacholia.

He sold off 3.60 lakh shares in the company on Friday.

The scrip dropped 2.24 per cent to Rs 174.90 at around 10 am. The BSE Sensex came off 25 points, or 0.07 per cent, at 35,596.

Kacholia sold 1.60 lakh shares of Pokarna at a

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Vedanta slides 3% post Sensex inclusion
Vedanta made a bumpy start today, down over 3 per cent, even as the company was added to the benchmark Sensex with effect from June 18.

The scrip was trading 3.02 per cent lower at Rs 231.55 at around 9.41 am. The Sensex slipped 51 points, or 0.14 per cent, at 35,571 at around the same time.

As a part of the reshuffle, Vedanta replaced Dr Reddy's

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NSE looks to boost trading volumes at GIFT city
Kolkata: The National Stock Exchange (NSE) is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat's GIFT City in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange, a top official has said.

"We have received Commodities Futures Trading Commission (CFTC) nod for

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Stock market update: Smallcaps underperform Sensex; Manpasand Beverages, Ruchi Soya among top losers in the pack
NEW DELHI: The BSE Smallcap index was underperforming benchmark Sensex during Monday's trade.

Around 11:25 am, the smallcap index was 0.58 per cent down at 16,864, while the Sensex was 0.08 per cent down at 35,594. The Nifty50 was 0.09 per cent down at 10,808 around that time.

Shares of Hindustan Oil Exploration Company (down 6.30 per cent), SITI

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Stock market update: Sensex, Nifty listless; these stocks crack up to 5% on NSE
NEW DELHI: Shares of PC Jeweller (down 5.52 per cent), Emami Infrastructure (down 4.99 per cent), Manpasand Beverages (down 4.98 per cent), Butterfly Gandhimathi Appliances (down 4.94 per cent), Bhushan Steel (down 4.93 per cent), Hindustan Oil Exploration (down 4.77 per cent) and Nila Infra (down 4.65 per cent) cracked up to 5 per cent on NSE
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Top 7 factors that are likely to guide stock market in week ahead
NEW DELHI: The global trade wars are back, and this time scarier than before. While the denuclearisation deal between the US President Donald Trump and North Korean leader Kim Jong-un lifted the market higher last week, the hefty tariffs announced by the former on China, is likely to sour investors' mood.

Emerging markets remained unscathed after

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Temasek buys 5% stake in AU Bank, invests Rs 1,000 crore
MUMBAI: Temasek, Singapore government owned investment company has acquired 4.8 per cent stake in AU Small Finance Bank with an investment of Rs.1000 crore. This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012. Its Rs.1913-crore IPO last year was a complete Offer-for-Sale with no infusion
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Consolidation on Dalal Street continued during Friday’s trade, as the NSE benchmark Nifty ended 9.65 points or 0.09 per cent higher. The market saw a modestly positive start, but slipped later. However, Nifty recovered around 60 points from the day’s low before ending with modest gains.

As we step into the new week, expect a flat start to the

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By Mark GongloffToday’s Agenda · Trade wars and stocks · Big Government’s comeback · Grading the ECB Bitcoin bloodbath · The World Cup’s costs and benefits

Maybe Trade Wars Are Bad and Easy to LoseAn old Wall Street saw says “Buy on the sound of cannons, sell on the sound of trumpets,” meaning stock traders see wars as buying opportunities. The sto

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12 stock ideas from top brokerages that may deliver gains over next 3 weeks
NEW DELHI: Fresh worries over an escalating trade dispute between the US and China are casting their shadow on today's trading.

The latest sense of anxiety stems from the US imposing tariff on allies and rivals alike, prompting them to strike back in kind. This game of oneupmanship in all probability will play a key role in deciding trading bets

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Depositories share firms' info with exchanges on FDI limits
Depositories have shared information about activation of red flag and FDI limit breach related to 12 companies, including HDFC Bank, with the BSE and the NSE, according to notices.

As per the separate notices issued by the two bourses, a red flag has been activated in HDFC Bank, Wonderla Holidays, IndusInd Bank, Ashapura Minechem, Cyient Ltd and S

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SGX Nifty trade extended beyond August, says SGX
SINGAPORE: The Singapore Exchange (SGX) today said the arbitrator has allowed the bourse to continue the listing and trading of SGX Nifty contracts beyond August 2018.

As part of ongoing arbitration proceedings, SGX and India Index Services and Products Ltd (IISL) were directed by Order dated June 14, 2018, passed by the Learned Arbitrator, to

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Stock market update: Bajaj Finance, Bharat Financial Inclusion, Cigniti Technologies among stocks that hit 52-week highs on NSE
NEW DELHI: Adani Green Energy, Bajaj Holdings - Investment, Bajaj Finance, Bharat Financial Inclusion and Cigniti Technologies hit 52-week highs on NSE during Monday's trade.

Ind-Swift Laboratories, Jubilant Foodworks, Mahindra Lifespace Developers, Mahindra Logistics, Page Industries and Zydus Wellness also featured among the stocks that

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What I Read This Week: World Cup 2018, analysts& blindness and interest rates
An interesting report using quant models published by Danske Bank predicts the outcome of the 2018 Football World Cup in Russia. To know the winner with highest probability, read below for more details.

Do financial experts, who predicted that interest rates are on a secular decline in India, suffer from three kinds of wilful blindness Oh I

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By Todd WhiteBitcoin edged lower on Friday and headed toward its worst week since March, as investors shrugged off a regulatory victory for virtual currencies and focused on a string of negative news, including cyber heists.

The largest cryptocurrency fell 1.8 percent to $6,536 as of 11:10 a.m. in New York. Ether also slipped on Friday, giving

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Share market update: ICICI Bank, YES Bank keep Nifty Private Bank index in the green
NEW DELHI: The Nifty Private Bank index was trading with a small gain of 0.12 per cent at 14,989 around 10:40 am on Monday owing to gains in shares of ICICI Bank (up 2.44 per cent), YES Bank (up 0.57 per cent) and IndusInd Bank (up 0.54 per cent).

According to a report by ET, ICICI Prudential Life chief Sandeep Bakhshi may be named ICICI Bank

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By Michelle Jamrisko and Samuel PotterBilled as the most important week of the year for the global economy, central banks provided insight into the outlook for monetary policy through the rest of 2018 and beyond and putting a clear stamp on financial markets.

The Federal Reserve raised interest rates, the European Central Bank said it would stop

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In our weekly note last week, we had discussed about the likelihood of the Nifty attempting to move past its falling trend line resistance, which joins the lower tops.

In the week gone by, the benchmark index struggled throughout to move past this pattern area resistance but could not make any clear headway on the upside. The pullback seen on the

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