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Promoters' pledged shares value falls 13% in May
New Delhi: The value of shares pledged by the promoters of BSE-listed companies dropped nearly 13 per cent to Rs 2.25 lakh crore at the end of May, according to exchange data.

The worth of promoters' pledge holding stood at Rs 2.58 lakh crore as on April 30, 2018.

Share-pledging is typically done by promoters to raise funds either for the same

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Stock market update: These stocks surged over 10% on NSE on Tuesday
NEW DELHI: Shares of BGR Energy Systems (up 19.97 per cent), State Trading Corporation of India (up 14.87 per cent), Dredging Corporation of India (up 14.14 per cent), Rolta India (up 13.24 per cent), MMTC (up 12.76 per cent), HCL Infosystems (up 12.38 per cent) and DCM Shriram (up 11.97 per cent) surged over 10 per cent on NSE on Tuesday.

Healthy

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Stock market update: Private bank stocks up; IndusInd Bank, ICICI Bank top gainers
NEW DELHI: Most private bank stocks were trading with gains during Tuesday's trade, keeping the sectoral index up.

The Nifty Private Bank index was trading 0.46 per cent up at 15,063 around 10:40 am.

Shares of IDFC Bank (up 1.07 per cent), IndusInd Bank (up 0.90 per cent) and ICICI Bank (up 0.73 per cent) were the top gainers in the private bank

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Promoters' pledged shares value falls 13% in May
New Delhi: The value of shares pledged by the promoters of BSE-listed companies dropped nearly 13 per cent to Rs 2.25 lakh crore at the end of May, according to exchange data.

The worth of promoters' pledge holding stood at Rs 2.58 lakh crore as on April 30, 2018.

Share-pledging is typically done by promoters to raise funds either for the same

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With rate hike in the bag, focus turns to Fed's policy language
WASHINGTON: With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the US central bank characterizes its monetary policyas borrowing costs return to more normal levels amid an ongoing economic expansion.

In what could be the most consequential rewrite of its policy statement in two-and-a-half

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By Selcuk GokolukAs the threat of a trade war grows and emerging-market central banks sacrifice growth to protect their currencies, equity investors have their backs to the wall. But in their search for a haven, one name keeps cropping up: India.

The South Asian nation, the fastest-growing major economy in the world, enjoys relative insulation

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Avenue Supermarts' m-cap tops Rs 1 lakh crore
New Delhi: Avenue Supermarts, the operator of retail chain D-Mart, today closed the trading session with over Rs 1 lakh crore market capitalisation mark.

The market valuation of Avenue Supermarts had surged past the Rs 1 lakh crore-mark in intra-day trade yesterday.

At close, the market valuation of Avenue Supermarts stood at Rs 1,00,196.76 crore.

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These 15 smallcaps swung to profit after 5 quarters; worth a look
The January-March period proved to be another soft quarter for India Inc despite a favourable base. However, more than 15 companies turned around during the quarter gone by after posting losses for five sequential quarters.

An improvement in performance by information technology (IT), pharma, oil and gas, cement and consumer durables players

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Stock market update: PSU bank index up; SBI top gainer
NEW DELHI: Gains in State Bank of India (SBI) (up 0.99 per cent), Oriental Bank of Commerce (up 0.54 per cent), Canara Bank (up 0.49 per cent) and Bank of India (up 0.20 per cent) were keeping the Nifty PSU Bank index in the green during Tuesday's trade.

State Bank of India, the country’s largest lender, is aiming to recover Rs 50,000 crore this f

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Bharat Forge picks strategic stake in UK's Tevva Motors
New Delhi: Auto components major Bharat Forge Ltd today said it has picked up a strategic stake in UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles, for 10 million pounds (Rs 90.30 crore).

By virtue of this investment, Bharat Forge has also acquired a license for commercialisation of the Tevva technology

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Stock market update: Smallcaps in sync with midcaps, trail benchmark Sensex
NEW DELHI: In line with BSE Midcap index, the smallcap index was also trailing benchmark Sensex during Tuesday's trade.

Around 11:20 am, the BSE Smallcap index was 0.37 per cent up at 17,035, while the Sensex was 0.48 per cent up at 35,654. The Nifty50 was 0.42 per cent up at 10,832 around that time.

Shares of Sangam (India) (up 12.11 per cent), Sa

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Stock market update: These stocks surge up to 12% on NSE
NEW DELHI: Surging up to 12 per cent, shares of Sanghi Industries (up 12.54 per cent), BGR Energy (up 9.46 per cent) and Vikas Ecotech (up 7.11 per cent) were witnessing strong buying during morning trade on Tuesday.

Shares of Patel Engineering (up 6.68 per cent), DCM Shriram (up 6.34 per cent), Tribhovandas Bhimji Zaveri (TBZ) (up 5.74 per cent),

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NSE launches platform to facilitate repo in corporate debt securities
Leading stock exchange NSE today launched 'Tri-Party Repo Market' platform in its debt segment to facilitate repurchase (repo) of corporate debt securities.

The platform is a kind of repo contract where a third entity, apart from the borrower and lender, called tri-party agent acts as an intermediary to facilitate services like collateral

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Top intraday trading ideas for afternoon trade for Tuesday, 12 June 2018
NEW DELHI: The Nifty50 index was trading 50 points up at 10,837 around 11:30 am on Tuesday following buying 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:

ICICI DirectITC is a 'Buy' call with a target price of Rs 273.80 and a

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Hotel Leela rallies 3% on JM Financial ARC deal
Hotel Leelaventure went up over 3 per cent today as its board approved an enabling resolution that allows it to transfer a majority stake to JM Financial Asset Reconstruction Company.

The hospitality chain’s co-chairman, however, hinted at a possible deal with a consortium of three foreign entities to find a solution to its debt problem.

The scrip

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Sebi forms panel to frame rules for direct listing of Indian firms abroad
Market regulator, the Securities and Exchange Board of India (Sebi), has formed an expert panel to mull norms for direct listing of Indian companies overseas.

At present, listing of equity share capital of companies incorporated in India is not permitted on foreign exchanges and vice versa.

“Considering the evolution and internationalisation of t

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DCM Shriram rallies 7% on share buyback proposal
NEW DELHI: Stock of DCM Shriram lapped up the news of a share buyback proposal as it surged over 7 per cent on Tuesday.

The company informed stock exchanges that its board will meet on June 18 to consider a share buyback proposal.

Following the announcement, the stock rose 7.23 per cent to hit a high of Rs 290.45 on the BSE early today.

"In terms

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By Fergal O'Brien

So much for the unpredictable nature of the beautiful game. Goldman Sachs Group Inc. reckons Brazil will win its sixth World Cup, basing its forecast on data mining, machine learning and econometrics.

The investment bank is the latest to jump into the excitement before the soccer championship kicks off this week. It used 200,000

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Stock market update: Nifty Metal index lone sectoral loser on NSE
NEW DELHI: The Nifty Metal index finished Tuesday's session as the lone loser among sectoral indices on NSE.

The index settled 0.43 per cent down at 3,629 with 7 stocks advancing and 8 declining.

Shares of Hindalco Industries (down 1.63 per cent), Tata Steel (down 1.54 per cent) and Coal India (down 1.37 per cent) stood as the top losers in the

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Videocon gives up 5% on insolvency worries
NEW DELHI: Fears of insolvency proceedings gripped Videocon as the stock rolled down 5 per cent on Tuesday.

The company has informed stock exchanges that an interim resolution professional (IRP) has been appointed for its insolvency process.

The stock hit 5 per cent lower circuit limit at Rs 7.56 on the BSE just after the announcement.

"National

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Fitch assigns 'BBB-' rating to GAIL
Fitch Ratings today assigned 'BBB-' rating with stable outlook to state-owned gas utility GAIL India saying its dominant market position is complemented by its diversification into other business segments. "GAIL's ratings are capped at 'BBB-', which is the rating of its parent, the state of India," it said in a statement.

Fitch said it rates GAIL

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Stock market update: SBI, IndusInd Bank keep Nifty Bank index in the green
NEW DELHI: Nifty Bank index closed Tuesday's session 154 points, or 0.58 per cent, up at 26,607, backed by gains in State Bank of India (up 3.65 per cent).

State Bank of India, the country's largest lender, is aiming to recover Rs 50,000 crore this fiscal year, and is strengthening its recovery team for better collections from NCLT accounts, sale

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Stock market update: Midcaps trade in the green zone, but slightly behind Sensex
NEW DELHI: The BSE Midcap index was trading 0.32 per cent up at 16,058 around 11:10 am on Tuesday, slightly behind benchmark Sensex that was 0.46 per cent up at 35,646.

The Nifty50 was 0.41 per cent up at 10,831 around that time.

Shares of Vakrangee (up 4.93 per cent), Ajanta Pharma (up 3.07 per cent), Max Financial Services (up 3.05 per cent),

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Display info on deliverable supply, position limits for agri products: Sebi to commexes
With an aim to provide necessary information to the stakeholders, Sebi today asked commodity exchanges to "prominently" display details of deliverable supply of agricultural commodities on their websites in a prescribed format.

The deliverable supply for an agricultural commodity is "production plus imports".

This will come into effect

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Stock market update: SBI, TCS, RIL among most active stocks in value terms of NSE
NEW DELHI: State Bank of India (Rs 875.48 crore) finished Tuesday's session as the most active stock in terms of value on NSE.

It was followed by Tata Consultancy Services (Rs 817.39 crore), Lupin (Rs 757.85 crore) and Reliance Industries (Rs 737.93 crore).

Tata Steel (Rs 500.07 crore), Infosys (Rs 493.13 crore), Just Dial (Rs 469.58 crore), Dr.

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Stock market update: Bajaj Finance, Tata Elxsi, Usha Martin hit 52-week highs on NSE
NEW DELHI: Astec LifeSciences, Bajaj Finance, Firstsource Solutions, Infosys, Tata Elxsi, Usha Martin and VIP Industries featured among the stocks that touched 52-week highs on NSE during Tuesday's trade.

By 11 am, as many as 10 stocks had hit 52-week highs on NSE.

On the other hand, over 30 stocks including Arrow Greentech, Golden Tobacco,

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FinMin extends deadline for debt ETF bids from advisers till July 2
The Finance Ministry has extended the deadline for merchant bankers to bid for creation and launch of a debt Exchange Traded Fund (ETF) for PSUs and PSBs till July 2.

In the revised request for proposal (RFP) issued today, the Department of Investment and Public Asset Management (DIPAM) has tweaked the eligibility criteria for bidders, clarifying

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Stock market update: Check out the most traded stocks of Tuesday's session
NEW DELHI: With nearly 12.82 crore shares changing hands, Reliance Communications finished Tuesday's session as the most traded stock on NSE.

It was followed by KSK Energy Ventures (number of shares traded: 4.32 crore), SAIL (3.91 crore), State Bank of India (3.14 crore), GMR Infra (2.41 crore), JP Associates (2.34 crore), PNB (2.18 crore),

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NEW DELHI: The Nifty50 once again failed to hold on to the 10,800 level on Monday, thus indicating how strong the bears are around this level. However, momentum indicator moving average convergence divergence, or MACD, showed upward crossovers for 134 stocks on NSE.

The MACD is known for signalling trend reversal in a traded security or index.

Amon

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Infy receives approval to delist ADSs from London and Paris Euronext exchanges
Bengaluru: Infosys said it had received approval to delist its American Depositary Shares from Euronext Paris and Euronext London.

In March, the IT company said it planned to voluntarily delist its ADSs from those exchanges as the low average daily trading volume was not commensurate with the related administrative requirements.

“The delisting p

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