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Stock market update: Consumer durable stocks up; VIP Industries, Blue Star among top gainers
NEW DELHI: Consumer durable stocks TTK Prestige (up 4.77 per cent), VIP Industries (up 3.65 per cent) and Blue Star (up 1.35 per cent) were trading up during afternoon trade on Thursday.

The BSE Consumer Durables index was trading 0.23 per cent up at 20,428 around 02:40 pm.

Shares of Crompton Greaves Consumer Electricals (up 1.18 per cent), PC

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NEW DELHI: What was for breakfast today: North India, South India or an English platter If you take your breakfast seriously, then this piece is for you.

An overarching theme of the Reserve Bank of India’s money policy review on Wednesday was the forthcoming increase in minimum support prices (MSP) of crops. For sugar, MSP has already been

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NEW DELHI: Most realty stocks were trading with gains after the Reserve Bank of India hiked repo rate post its second bimonthly policy meet of the current fiscal.

The six-member monetary policy committee of RBI headed by Governor Urjit Patel on Wednesday bit the bullet and hiked the repo - the short-term lending rate - by 25 basis points to 6.25

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Dhirendra Kumar's strategy to come out unscathed from the midcap mess
NEW DELHI: It's short-term gains that keep investors hooked. And when the tide turns, they run helter-skelter.

Midcap and smallcap MF schemes are already feeling the heat. A drop of up to 10 per cent over the last one month has only pushed investors to reach out for that panic button. But should they

The clear and present danger is investors run

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MUMBAI: The country’s economic growth recovery is on a firm footing amid growing output in relation to the potential capacity, the Reserve Bank of India has said, possibly hinting at a hawkish stance in the days to come amid rising inflation concerns.

“Economic activity has exhibited sustained revival in recent quarters and the output gap has a

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The Reserve Bank of India, in line with expectations, went for a rate hike and changed the repo rate to 6.5 per cent in its second bimonthly policy meet of 2018-19.

Here is the full text of the RBI's monetary policy statement.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary

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5 factors that propelled Sensex past 33,500-mark; what analysts say
NEW DELHI: If you think the stock market is getting its winning touch back, you probably are not wide of the mark.

The BSE benchmark Sensex surged 350 points and the Nifty50 set its sights on the 10,800-mark on Thursday, headed for gains for the second straight session.

Why is there a frenzy of buying interest on Street

Global markets: The rise

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Central bank allows CICs to invest in InvITs
RBI: Central bank allows CICs to invest in InvITs - The TheIndianSubcontinent

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DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

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NEW DELHI: Auto stocks were trading in the positive territory after the Reserve Bank of India announced an increase in the repo rate post its second bimonthly policy meet of the current fiscal.

The six-member monetary policy committee of RBI headed by Governor Urjit Patel on Wednesday bit the bullet and hiked the repo - the short-term lending rate

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Stock market update: Realty index top sectoral gainer; Unitech surges almost 10%
NEW DELHI: Nifty Realty index was trading as the top gainer among the sectoral indices on NSE during early afternoon trade on Thursday.

Around 12:15 pm, the Nifty Realty index was trading 2.37 per cent up at 290 with 9 components gaining and only 1 losing in trade.

Shares of Unitech (up 9.64 per cent), Prestige Estates Projects (up 5.90 per cent)

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Stock market update: Over 60 stocks defy bullish market sentiment, hit 52-week lows on NSE
NEW DELHI: Over 60 stocks including Rollatainers, ASL Industries, Empee Distilleries, JBF Industries and Manpasand Beverages hit 52-week lows on NSE during Thursday's trade in an otherwise positive market.

Shares of Arrow Greentech, Lasa Supergenerics, Arihant Foundations - Housing, Nitin Fire Protection Industries, Soma Textiles, Excel Realty

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Stock market update: Bank stocks mixed after RBI hikes repo rate
NEW DELHI: Bank stocks ICICI Bank (down 0.58 per cent), Axis Bank (down 0.43 per cent), HDFC Bank (down 0.38 per cent), YES Bank (down 0.31 per cent) and IndusInd Bank (down 0.27 per cent) were in the red after the Reserve Bank of India announced an increase in the repo rate after its second bimonthly policy meet of the current fiscal.

The

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Top intraday trading ideas for afternoon trade for Thursday, 7 June 2018
NEW DELHI: The Nifty50 index was trading 99 points up at 10,783 around 12 pm on Thursday following buying in all sectors.

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.comJindal Steel is a 'Buy' call with a target price of Rs 255

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More participants in short sale for G-Secs

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NEW DELHI: The six-member monetary policy committee of RBI headed by Governor Urjit Patel on Wednesday bit the bullet and hiked the repo – the short-term lending rate – by 25 basis points to 6.25 per cent.

This was the first rate hike by the Indian central bank in four-and-a -half years, since the BJP-led National Democratic Alliance

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Dimon, Buffett urge companies to end quarterly earnings guidance
Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance.

Buffett, who runs Berkshire Hathaway Inc., and Dimon, JPMorgan Chase - Co.’s chief executive officer, said in a joint Wall Street Journal editorial that they are encouraging all public companies to consider moving a

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Treat 2% more of investments in G-Secs as liquid, RBI tells banks
MUMBAI:The Reserve Bank of India has allowed banks to consider a further 2 per cent of their government securities investments as high quality liquid assets (HQLAs) under the Basel-III calculations, reducing the pressure on them to raise short-term funds for these compulsory investments. This move is likely to pull down interest rates on near-term
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Stock market update: Titan, Bajaj Electricals boost consumer durables index
NEW DELHI: Gains in Bajaj Electricals (up 5.69 per cent), Titan Company (up 3.36 per cent) and PC Jeweller (up 1.74 per cent) gave a boost to consumer durables index during Wednesday's trade.

The BSE Consumer Durables index was trading 2.09 per cent up at 20,336 around 02:15 pm.

Shares of VIP Industries (up 1.52 per cent), TTK Prestige (up 1.22

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Stock market update: Sugar stocks mixed a day after Centre approves bailout package
NEW DELHI: Sugar stocks were trading mixed during Thursday's trade, a day after the Centre announced a Rs 8,500 crore package to boost farmers' income by creating a buffer stock for sugar, enhancing ethanol production capacity and fixing a minimum selling price to cut mill losses.

Magadh Sugar (up 7.97 per cent), Monnet Project Developers (up 4.95

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Stock market update: Private sector banks pocket gains; IDFC Bank, Axis Bank among top gainers
NEW DELHI: Most private sector banks were trading with gains during morning trade on Thursday.

The Nifty Private Bank index was trading 1.23 per cent up at 15,126 around 10:30 am with all components in the green.

Shares of South Indian Bank (up 3.12 per cent) and IDFC Bank (up 3.05 per cent) were the top gainers in the index.

Axis Bank (up 2.29

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Sugar stocks mixed as Cabinet okays mega package
NEW DELHI: Stocks of sugar producers moved sideways on Wednesday after the Cabinet okayed a Rs 8,000 crore bailout package for mills, which is seen to benefit 5 crore sugarcane farmers.

The government fixed minimum selling price for sugar at Rs 29 per kg. The average ex-mill price of sugar is in the range of Rs 25.60-26.22 per kg. That's below

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Stock market update: Bajaj Finance, Infosys among stocks that touched 52-week highs on NSE
NEW DELHI: Bajaj Finance, Firstsource Solutions, Gruh Finance, Infosys and JSW Steel hit 52-week highs on NSE during Thursday's trade.

Equity markets were trading in the higher terrain amid positive global cues. However, by 11:30 am, only 7 stocks had hit 52-week highs on NSE, compared with 63 stocks that touched 52-week lows.

Maithan Alloys,

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The Reserve Bank of India on Wednesday raised its policy rate for the first time in more than four years, due to inflation concerns, but kept its policy stance as 'neutral'.

The monetary policy committee lifted the repo rate by 25 basis points to 6.25 per cent, the first increase since January 2014, as predicted by 46 percent of respondents in a

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Stock market update: Capital goods index up; Graphite India surges 5%
NEW DELHI: The BSE Capital Goods index was trading 1.35 per cent up at 18,341 around 02:10 pm, with Graphite India (up 5 per cent) and Kalpataru Power Transmissions (up 4.81 per cent) as top gainers.

Shares of ABB India, Thermax, Reliance Naval and Engineering and CG Power and Industrial Solutions jumped up to 3 per cent in the capital goods

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Stock market update: Avanti Feeds extends gains to the second session, zooms nearly 14%
NEW DELHI: Extending the gains to the second session, shares of Avanti Feeds surged nearly 14 per cent on BSE during Thursday's trade.

Around 11:15 am, the scrip was trading 11.24 per cent up at Rs 1,805. The Sensex was 0.91 per cent up at 35,500.

Shares of the company has been rallying since Wednesday as a top executive tried to calm nerves about

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European stocks cautious as commodities, tech stocks pull higher
LONDON: European stocks edged higher on Wednesday, underpinned by gains in tech and commodity-related stocks, although trading was cautious amid worries over Italian debt and global trade.

The pan-European STOXX 600 index was up 0.1 per cent by 0720 GMT, while Germany's DAX advanced 0.2 per cent and Britain's FTSE rose 0.3 per cent.

Investors

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Stock market update: Telecom stocks ring loud; Idea Cellular, Bharti Airtel jump over 3%
NEW DELHI: Most telecom stocks were trading with gains during afternoon trade on Wednesday, giving a boost to the sectoral index.

The BSE Telecom index was trading 2.13 per cent up at 1,176 around 2 pm.

Shares of Reliance Communications (up 9.66 per cent), ITI (up 5.90 per cent) and OnMobile Global (up 4.46 per cent) were the top gainers in the

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Central bank can push the terminal repo rate to 6.75% by April 2019
The Reserve Bank of India hiked the repo rate by 25bps in the June policy, in line with our expectations, but surprisingly did not make any change to the “neutral” policy stance. This is the first rate hike in over four years.

CPI inflation forecast was revised (to 4.8-4.9 per cent in 1HFY19 and to 4.7 per cent in 2HFY19; from 4.7-5.1 per cent in

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World's top wealth fund opposed Musk's double roles as Tesla
OSLO: Norway's $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk.

The proposal, which was defeated in a vote at Tesla's annual meeting of stockholders on Tuesday, represented the strongest challenge yet to Musk's grip on the Silicon Valley car company.

Norge

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Electrosteel allots shares worth Rs 7,400 crore to lenders
Electrosteel Steels, which is undergoing insolvency resolution process, said today that it has allotted equity shares to its lenders following conversion of loan of about Rs 7,400 crore.

The company has allotted nearly 740 crore equity shares to 26 lenders, out of which the country's largest lender State Bank of India got 271,61,79,203 equity

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