StockMarket

Pharma stocks in green; Alembic Pharma, Cipla surge over 3%

Most of the pharmaceutical stocks were trading in the green in on Friday.

Shares of Dr Reddy's Laboratories (up 3.77 per cent), Cipla (up 3.04 per cent), Lupin (up 2.49 per cent), Sun Pharmaceutical Industries (up 2.10 per cent) and Glenmark Pharmaceuticals (up 1.81 per cent) were among the top gainers.

Among other stocks that gained were Piramal

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World's rich grow richer as bull markets roar on: Study
ZURICH: The pool of money held by the world's wealthiest people grew by 12 per cent last year to nearly $202 trillion as bull markets and the dollar's weakening against most major currencies boosted global fortunes, an international advisory firm's study released on Thursday said.

Adjusted for exchange rate swings, wealth rose 7 per cent, the Bost

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ET Bureau|

Jun 15, 2018, 10.46 AM IST

BSE--

The exchange also said that excess securities held with the broker are only for the purpose of meeting margin requirements and not for settlement.

MUMBAI: The BSE on Thursday clarified that excess cash with stock brokers may be considered for off-setting against debit balance to calculate net obligation.

The

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Dovish ECB sets European shares up for best week since early March
MILAN: European shares were set for their best week in more than three months on Friday as investors pushed back expectations for a rate hike after Thursday's European Central Bank policy meeting.

The pan-European STOXX 600 index rose 0.2 per cent by 0710 GMT, up 2.2 per cent on the week, as further falls in the euro pushed the euro zone index up

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WhatsApp leak: Companies under Sebi scanner revamp internal mechanisms
NEW DELHI: Companies named by market regulator Sebi in the WhatsApp leak case have gone for a revamp of their internal mechanisms, said an exclusive ETNow report on Friday.

According to the report, the companies going forward will not allow mobile phones and gadgets during audit meetings. Also, such audit committee meetings will be held in a

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ECB keeps rates steady; to end bond buying by December
By Balazs Koranyi and Francesco CanepaFRANKFURT: The European Central Bank said on Thursday it will end its unprecedented bond purchase scheme by the close of the year, taking its biggest step in dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn.

Signalling that the move would not mean rapid policy

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Australian shares end higher, banks lead; New Zealand at record
Banks led Australian shares to a higher finish on Friday, as a mixed policy outlook from the European Central Bank and the US dollar's resulting strength sent equities on a roll.

The ECB signalled on Thursday it would keep interest rates at record lows well into next year, overshadowing its pledge to end a massive bond purchase scheme by the end

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Itnaïve to believe diversified ownership is good for banking: Uday Kotak
Billionaire Uday Kotak said he’s shocked at the record losses posted by Indian banking, both private as well as state-run, and said that the decades-long argument that diversely owned banks and state-ownership of lenders provide better financial stability and fairness stand punctured.

“As reflected by events around us, it is naïve for policy ma

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Share market update: Check out the stocks that plunged over 10% on NSE
NEW DELHI: Shares of Everest Kanto Cylinder (down 13.01 per cent) and Punj Lloyd (down 11.34 per cent) plunged over 10 per cent on NSE, featuring among the top losers of Thursday's session.

Nectar Lifesciences (down 6.38 per cent) and Jagran Prakashan (down 6.28 per cent) tanked over 6 per cent, whereas Intrasoft Technologies (down 5.23 per cent),

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Brokerages cut target prices for D-Mart to half of current price: What triggered the sudden change in outlook
NEW DELHI: Radhakishan Damani-led Avenue Supermarts' maiden analysts’ meet has left investors with more worries over stock valuation that before.

Brokerages tracking the stock now say prevailing earnings multiples do not capture the challenges that the company faces in new store additions and in terms of maturing same-store sale (SSS) growth and

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Dr Reddy's gains for 8th session in a row
NEW DELHI: Drug major Dr Reddy's extended its winning streak for the eighth session in a row on Friday.

The company today announced it has received final approval from the US Food and Drug Administration (USFDA) to launch Buprenorphine and Naloxone Sublingual Film, 2 mg/0.5 mg, 4 mg/1 mg, 8 mg/2 mg, and 12 mg/3 mg, a therapeutic equivalent

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Share market update: HDFC Bank, TCS most active stocks in value terms on NSE
NEW DELHI: The counter of HDFC Bank saw a trading of Rs 863.12 crore on NSE on Thursday, leading the pack of the most active stocks in terms of value.

TCS (Rs 685.88 crore), Sun Pharma (Rs 674.70 crore) and Lupin (Rs 585.50 crore) were up next in the league of most active stocks in value terms.

Reliance Industries (Rs 549.16 crore), State Bank of

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Nikkei rises after ECB, looks past BOJ to focus on trade woes
TOKYO: Japan's Nikkei share average rose on Friday after the European Central Bank announced it would avoid raising rates until mid-2019, but chip-related stocks tumbled as a brokerage slashed the target price of Tokyo Electron.

The market had little reaction to the outcome of a Bank of Japan meeting, which kept its short-term interest rate target

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Wall Street wants more women traders, but perceptions die hard
As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the maledominated field of Wall Street trading. “I was never interested in a career in trading at a bank because I didn’t know it was an option,” Karani said.

A decade later, Karani is a director at Barclays PLC in New York

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NEW DELHI: US Federal Reserve’s hawkish tone scared the hell out of investors across the globe on Thursday, making them shun equities and rush to safer bets such as gold.

Domestic stocks, too, fell prey of investors’ anxiety, which halted the three-day winning streak. The S-P BSE Sensex on Thursday lost 139 points to end at 35,599, with Sun P

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60% upside in this stock! Analysts see this auto firm in the fast lane on new growth strategy
NEW DELHI: Don't judge a book by its cover. This automaker might just well fit the bill.

The intent is clear, given its 'Turnaround 2.0' strategy. The mantra is: Forget Plan A, if it's not working. Go for Plan B instead.

Tata Motors is doing precisely that. It's determined to revive its domestic growth story even as international business holds

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ET Intelligence Group: Coal India's stock has lost 10 percent from its peak on February 26 so far due to weak March quarter numbers. Factors such as rising coal production, management's commentary on expense reduction measures such as shutting down of unviable mines, lowering employee expenses and appealing valuations makes risk-return ratio f
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Tech view: Nifty forms bearish candle amid selling pressure
NEW DELHI: The Nifty50 on Thursday tested the sub-10,800 level in intraday trade, only to settle above the psychological level by close.

The index, which had been failing to breach its key resistance levels, negated a higher high and higher low formation and ended up forming a small bearish candle on the daily chart.

The candle had no upper wick,

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Shanghai stocks plumb 20-month low, trade fears in focus
SHANGHAI: Shanghai stocks plumbed a 20-month low on Friday as investors worried rising trade tensions with the United States could add pressure to the country's economic growth.

The blue-chip CSI300 index fell 0.5 per cent to 3,753.43, the Shanghai Composite Index hit its lowest since September 2016 before ending down 0.7 per cent at 3,021.90.

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Stock Market Update: Vakrangee, ICICI Bank, PNB among most traded stocks on NSE
Shares of Vakrangee (number of shares traded: 2.14 crore) were among most active stocks in terms of volume on the National Stock Exchange in early trade on Friday. It was followed by KSK (1.25 crore) and Reliance Communications (1.03 crore).

JP Associates, Punjab National Bank (PNB), ICICI Bank, HFCL, PC Jeweller, SAIL and Sun Pharma too joined

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Share market update: Check out the most traded stocks of Thursday's session
NEW DELHI: Reliance Communications (number of shares traded: 5.46 crore) Finished Thursday's session as the most traded stock on NSE.

It was followed by JP Associates (5.39 crore), Vakrangee (3.50 crore) and Dish TV India (2.83 crore).

PC Jeweller (2.61 crore), SAIL (2.53 crore), Punjab National Bank (1.91 crore), State Bank of India (1.85 crore),

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‘If there are good opportunities here, money will come in&
MUMBAI: India is likely to trump short-term worries such as inflation, oil prices and a weaker rupee and still is among the top countries to invest in, said Neil Kansari, a senior portfolio manager at Sands Capital Management, a portfolio management firm based out of Arlington near Washington DC.

“In the long term, we remain very optimistic. I

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Stock Market Update: MACD shows these 50 stocks may be gearing up for rally
The domestic equity market was trading in a range in Friday’s session amid mixed global cues.

Popular market indicator, Momentum indicator Moving Average Convergence Divergence (MACD) depicted the shares of Aksh Optifibre, Vikas Ecotech, Aban Offshore, UPL Ltd, Stampede Capital, Venky (India), Cyient Ltd, Jayaswal Neco Industries, Tata

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Share market update: Nifty IT top sectoral loser; Tech Mahindra, TCS, Wipro, Infosys falter
NEW DELHI: The Nifty IT index finished Thursday's session as the top loser among the sectoral indices on NSE.

The index settled 1.49 per cent down at 13,825, with 3 stocks advancing and 7 declinig.

KPIT Technologies (up 1.91 per cent), HCL Technologies (up 1.33 per cent) and Tata Elxsi (up 0.80 per cent) were the three stocks that ended the day

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ET Intelligence Group: After a lull of nearly six years, the executable order book of engineering and construction (E-C) companies reported meaningful increase in FY18. According to a report by CLSA, the total E-C order backlog grew by 12 per cent year-on-year after adjusting for the impact of the Goods and Services Tax (GST). The reported
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Share market update: These stocks plunge over 5% in morning trade
Raj Rayon (down 20 per cent), FCS Software (down 16.67 per cent), TCI Developers (down 9.27 per cent), Hind Syntex (down 9.23 per cent), Neulands Global Ind (down 9.09 per cent), Bil Energy Sys (down 9.09 per cent) and Antarctica (down 8.33 per cent) plunged up to 20 per cent in morning trade on the National Stock Exchange.

Tilaknagar Industries

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Everest Kanto Cylinders plunges 12% on fraud allegation by ex-CFO
Shares of Everest Kanto Cylinders plunged over 12 per cent after CNBC TV18 reported that the company’s lenders have moved towards conducting forensic audit into its books after allegations of fraud or siphoning of fund levelled by ex-CFO.

The scrip closed 12.29 per cent down at Rs 41.05, whereas BSE Sensex closed 0.39 per cent down at Rs 35,599.

Th

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Real estate stocks were trading mixed in on Friday
Shares of Prestige Estates Projects (up 4.02 per cent), Indiabulls Real Estate (up 0.85 per cent) and Sobha (up 0.47 per cent) were trading in the green.

However, Housing Development - Infrastructure (down 0.22 per cent), DLF (down 0.32 per cent), Godrej Properties (down 0.53 per cent), Brigade Enterprises (down 0.59 per cent), Oberoi Realty

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Low-hanging fruits After 5-year rally, they fell prey to midcap selloff
This is one sector which has been continuously delivering handsome returns to investors over the past five years. And analysts say growth outlook for this sector continues to be robust.

Indian auto ancillary players have been riding on strong car sales as discretionary spend continues to grow in the economy at a rapid pace.

This has helped the

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Share market update: Bank stocks finish mixed; ICICI Bank, SBI weigh on sectoral index
NEW DELHI: Bank stocks ended Thursday's session on a mixed note.

The Nifty Bank index settled 0.30 per cent down at 26,562, with 7 stocks advancing and 5 stocks declining.

Punjab National Bank (up 1.04 per cent), IDFC Bank (up 1.03 per cent), YES Bank (up 0.99 per cent), IndusInd Bank (up 0.65 per cent), HDFC Bank (up 0.17 per cent, Kotak

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