StockMarket

Stock market update: Power stocks fail to light up; Reliance Infra lone gainer in the sectoral index
NEW DELHI: Most power stocks were trading in the negative territory during afternoon trade on Monday, dealing a blow to the sectoral index.

The BSE Power index was 1.81 per cent down at 2,051 around 02:05 pm with Reliance Infrastructure (up 0.74 per cent) as the solitary gainer.

KEC International, Adani Power, BHEL and CG Power and Industrial

Details
Category: Stock Market

Write comment (100 Comments)

Stock market update: PC Jeweller plunges 14%, features among the top losers on BSE
NEW DELHI: Emerging among the top losers on BSE, shares of PC Jeweller plunged nearly 14 per cent during first half of Monday's session.

Shares of PC Jeweller opened at Rs 158.20 on Monday and hit intraday high and low of Rs 162.90 and Rs 135.10 in today's trade so far.

Around 11:20 am, the scrip was trading 12.37 per cent down at Rs 137.10. The S

Details
Category: Stock Market

Write comment (90 Comments)

Stock market update: HDFC Bank plunges over 2% after 52-week high
NEW DELHI: HDFC Bank went into the reverse and tanked over 2 per cent early Monday.

The slide came after the scrip hit a new 52-week high. The stock opened at Rs 2,154.20 and added nearly 3 per cent to hit the mark.

Market participants are expecting that foreign Institutional Investors (FIIs) may buy up to 4.3 crore shares to increase their stake

Details
Category: Stock Market

Write comment (97 Comments)

Stock market update: Metal stocks mixed; SAIL surges over 4%
NEW DELHI: Metal stocks were trading mixed during afternoon trade on Monday.

The BSE Metal index was trading 0.50 per cent up at 13,574 around 2 pm.

Shares of SAIL (up 4.51 per cent), Tata Steel (up 1.84 per cent), Jindal Steel - Power (up 1.78 per cent), Hindalco Industries (up 1.17 per cent) and JSW Steel (up 0.29 per cent) were the top

Details
Category: Stock Market

Write comment (92 Comments)

Allianz gets Rs 56 crore dividend from Bajaj JVs
MUMBAI: Seventeen years after entering India, German insurer Allianz SE has got dividend from its two local businesses – Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

Allianz, which once considered pulling out of the joint venture with Bajaj, earned dividend of Rs 56.09 crore for the previous financial year from the two

Details
Category: Stock Market

Write comment (94 Comments)

Stock market update: Sensex, Nifty lose steam; these stocks plunge up to 10%
NEW DELHI: Shares of Kwality (down 9.91 per cent), PC Jeweller (down 9.60 per cent) and Ganesh Housing (down 8.50 per cent) plunged up to 10 per cent in the early trade on Monday as market erased opening gains due to selling across sectors.

Shankara Building Products (down 7.37 per cent), Kellton Tech Solutions (down 6.84 per cent), Ajmera Realty

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: Auto stocks on a sticky road; TVS Motor falls nearly 4%
NEW DELHI: Most auto stocks were on a sticky road during afternoon trade on Monday, weighing on the auto index.

However, gains in index heavyweights Mahindra - Mahindra (up 1.54 per cent), Tata Motors (up 0.80 per cent) and Exide Industries (up 0.39 per cent) were keeping the fall restricted.

The BSE Auto index was trading 0.07 per cent down

Details
Category: Stock Market

Write comment (94 Comments)

Stock market update: Nifty Private Bank index in the red; HDFC Bank, IndusInd Bank top drags
NEW DELHI: Losses in HDFC Bank (down 1.08 per cent), IndusInd Bank (down 0.74 per cent) and Kotak Mahindra Bank (down 0.63 per cent) were weighing on Nifty Private Bank index during the first half of Monday's trading session.

HDFC Bank went into the reverse and tanked over 2 per cent early Monday.

The slide came after the scrip hit a new 52-week

Details
Category: Stock Market

Write comment (95 Comments)

Waitover: Banks plan to sell Rs 28,000 crore NPAs
Top lenders, including ICICI Bank and SBI, are looking at selling a part of their bad loan portfolio to asset reconstruction companies in the coming weeks instead of waiting for the resolutions.

Seven banks, including SBI, ICICI Bank and IDBI Bank, are in the process of selling outstanding loans totaling a little less than Rs 28,000 crore. SBI and

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: Telecom stocks reel under pressure, but Idea Cellular jumps as subscriber base increases
NEW DELHI: Most telecom stocks were suffering losses during afternoon trade on Monday.

The BSE Telecom index was trading 1.20 per cent down at 1,197 around 01:30 pm, with 15 stocks declining and 2 stocks advancing.

Shares of ITI (down 7.98 per cent), Aksh Optifibre (down 6.27 per cent), GTL (down 4.98 per cent), GTL Infrastructure (down 4.97 per

Details
Category: Stock Market

Write comment (95 Comments)

10 stock ideas top brokerages are betting on for next 14-21 sessions
NEW DELHI: Volatility was the only constant in the domestic equity market during the week gone by, but thankfully both the indices ended higher for the week. The 30-share Sensex gained 0.86 per cent while the 50-share Nifty added 0.85 per cent.

While easing oil prices and good growth vibes in the economy took the Sensex 416 points higher, global

Details
Category: Stock Market

Write comment (100 Comments)

Stock market update: HDFC Bank, ICICI Bank most active stocks in terms of value
NEW DELHI: HDFC Bank (Rs 2496.41 crore) and ICICI Bank (Rs 107.35 crore) were the most active stocks in terms of value on NSE in the morning trade on Monday.

Sebi has said in a showcause notice that ICICI Bank's chief executive Chanda Kochhar didn't adhere to its code of conduct, which required the disclosure of any conflict of interest in the

Details
Category: Stock Market

Write comment (95 Comments)

Pitch and ball have changed; let the fund manager warm up
Markets may be in Trishanku mode again. They look to neither want to rise to heavens, nor fall down into pits. And like the original Trishanku, the bull forces and bear forces may be still at work to thrash out a dominant view.

From a pessimist’s stand point, the macros may be weakening. CPI Inflation is on the rise. Oil prices are pinching again.

Details
Category: Stock Market

Write comment (92 Comments)

Stock market update: BoB, SBI drag Nifty PSU Bank index down
NEW DELHI: Losses in Bank of Baroda (down 3.21 per cent), IDBI Bank (down 0.71 per cent) and State Bank of India (down 0.66 per cent) were keeping the Nifty PSU Bank index down during morning trade on Monday.

The Nifty PSU Bank was trading 0.51 per cent down at 2,923.35 around 10:40 am.

However, Punjab National Bank (up 1.81 per cent), Syndicate

Details
Category: Stock Market

Write comment (90 Comments)

ET Intelligence Group: Have stock valuations in India reached such levels that long-term investors and overseas funds find them unattractive Delivery volumes on both Mumbai exchanges seem to indicate just that.

On the NSE and BSE, delivery volumes in May dropped to 33.03 per cent, compared with the fiveyear average of 41.76 per cent, according to

Details
Category: Stock Market

Write comment (96 Comments)

Stock market update: Oil gas stocks mixed; IGL, RIL among top gainers
NEW DELHI: Oil - gas stocks were trading mixed during afternoon trade on Monday.

Shares of Indraprastha Gas (up 1.70 per cent), Oil India (up 1.60 per cent) and Reliance Industries (up 1.16 per cent) were the top gainers.

HPCL (up 0.87 per cent), Petronet LNG (up 0.44 per cent) and Castrol India (up 0.09 per cent) were also in the green.

Howeve

Details
Category: Stock Market

Write comment (95 Comments)

$210 billion of Indian bad debt lures funds hunting for returns
By Anurag Joshi and Lianting TuIndia’s two-year-old bankruptcy law, which gives creditors more power to restructure troubled companies, is luring more and more offshore investors from as far as Canada to buy the nation’s bad debt.

Caisse de dépôt et placement du Québec, a Canadian pension fund manager, has made $600 million available to Edelweiss G

Details
Category: Stock Market

Write comment (95 Comments)

It was widely expected that Nifty may not see any runaway rally on Friday after the sharp short covering bounce it witnessed in the expiry session on Thursday.

On the expected lines, the last session of the week saw the Nifty opening modestly in the green and spending rest of the session in a falling trajectory. The index ended with a loss of

Details
Category: Stock Market

Write comment (99 Comments)

China stocks end higher; consumer, real estate shares lend support
SHANGHAI, - China stocks ended higher on Monday, aided by a rebound in consumer and real estate shares.

However, gains were capped as worries over credit risks persisted and as investors watched the development of China-US trade talks.

The blue-chip CSI300 index rose 1.0 per cent to 3,807.58, while the Shanghai Composite Index rose 0.5 per cent

Details
Category: Stock Market

Write comment (92 Comments)

Cadila Healthcare rises 2% on USFDA approval to antibiotic drug
NEW DELHI: Shares of Cadila Healthcare gained nearly 2 per cent in Monday's trade after the company received final approval from the USFDA to market Doxycycline Hyclate capsules USP, antibiotic used for treating bacterial infections.

The company which develops, manufactures and markets a broad range of healthcare therapies said that the capsules

Details
Category: Stock Market

Write comment (95 Comments)

Auditors step up pressure on listed firms, start flagging gaps
Auditors seem to be getting more vocal about financial gaps at listed companies, possibly due to an enhanced regulatory glare, as independent audit reports for a number of publicly traded companies have begun flagging issues like net-worth erosion and lack of necessary disclosures.

In some cases, the auditors have even begun quitting the audit

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: BSE Smallcap declines over 1%; PC Jeweller among the top drags
NEW DELHI: The BSE Smallcap index was trading 1.31 per cent down at 16,757 around 01:10 pm on Monday.

The BSE Sensex was 0.28 per cent down at 35,127, while the Nifty50 was 0.34 per cent down at 10,659 around that time.

Deep Industries (down 19.34 per cent), Leel Electricals (down 15.17 per cent), PC Jeweller (down 14.13 per cent), Medicamen

Details
Category: Stock Market

Write comment (90 Comments)

Stock market update: These stocks hold up even as market mood sours
NEW DELHI: Shares of Vakrangee (up 4.97 per cent), Vijaya Bank (3.24 per cent) and Sun TV Network (3.03 per cent) jumped over 3 per cent in morning trade on Monday, appearing among the top gainer stocks, even as equity markets erased gains on selling across sectors.

Stocks such as DR.Reddy's Laboratories (2.86 per cent), Shriram City Union Finance

Details
Category: Stock Market

Write comment (97 Comments)

How Smart Contracts can impact industries
By Pareen LathiaSmart Contracts are a set of promises that are defined in code and a routine for their implementation. Although the term and theory was coined by Nick Szabo in 1996, it is only after ethereum, the second most popular blockchain project popularised it that there is real implementation being seen today.

Certain aspects of a contract

Details
Category: Stock Market

Write comment (91 Comments)

Australian shares end higher, healthcare stocks at record; NZ closed
Australian shares closed higher on Monday, led by gains in financial and materials stocks after the country's biggest bank agreed to pay a record-high fine for money laundering breaches, while a rally in commodity prices drove up miners.

The S-P/ASX 200 index rose 0.6 per cent or 35.100 points to 6025.500.

Commonwealth Bank of Australia

Details
Category: Stock Market

Write comment (98 Comments)

Dr Reddy's climbs 3% as API plant receives no USFDA observation
NEW DELHI: Shares of Dr Reddy's Laboratories climbed over 3 per cent in Monday's trade after the drug maker said that the USFDA audit of the company's API Srikakulam plant in Andhra Pradesh has been completed with no observations.

The stock rose 3.48 per cent to hit a high of Rs 2,009.05 on BSE. The company made the announcement on Saturday.

The

Details
Category: Stock Market

Write comment (98 Comments)

To hike rate or not RBI panel to brainstorm for 3 days
Rising inflation and high crude oil prices will weigh on the minds of the six Monetary Policy Committee (MPC) members at their three-day meeting beginning here tomorrow to decide the key policy rate.

The seven-quarter high growth rate of 7.7 per cent in January-March 2018 and forecast of a normal monsoon has reduced the clamour for a cut in the

Details
Category: Stock Market

Write comment (94 Comments)

Stock market update: Midcaps underperform Sensex; Adani Power, RCom plunge 4%
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during afternoon trade on Monday.

Around 1 pm, the midcap index was 0.26 per cent down at 15,812, while the Sensex was 0.05 per cent down at 35,209. The Nifty50 index was 0.15 per cent down at 10,681 around the same time.

Shares of Adani Power (down 4.34 per cent), Reliance

Details
Category: Stock Market

Write comment (92 Comments)

Sebi notice says Chanda Kochhar violated the code of conduct
India’s capital market regulator has said in a show cause notice that ICICI Bank’s chief executive Chanda Kochhar didn’t adhere to its code of conduct, which required the disclosure of any conflict of interest in the case involving Videocon Group and NuPower Renewables, a firm owned by her husband Deepak Kochhar.

The show cause notice also said

Details
Category: Stock Market

Write comment (100 Comments)

​China warns trade deals off if US imposes tariffs
BEIJING: China warned Sunday after another round of talks on a sprawling trade dispute with Washington that any deals they produce ``will not take effect'' if President Donald Trump's threatened tariff hike on Chinese goods goes ahead.

The warning was issued one hour after delegations led by U.S. Commerce Secretary Wilbur Ross and China's top

Details
Category: Stock Market

Write comment (100 Comments)