India-Singapore futures fight a 'concern' for MSCI's CEO
By Andrea Tan, Betty Liu, Yvonne Man and Benjamin RobertsonThe chief executive officer of MSCI Inc., one of the world’s biggest index compilers, said his firm is “concerned, quite a lot” about the dispute between exchanges in India and Singapore that threatens a popular offshore futures contract.

New York-based MSCI is monitoring the situation

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Updated: May 24, 2018, 10.06 AM IST

Hold PTC India, target Rs 95: Sharekhan
Sharekhan has a hold call on PTC India Ltd. with a target price of Rs 95. The current market price of PTC India Ltd. is Rs 81.6.Time period given by the brokerage is a year when PTC India Ltd. price can reach defined target. PTC India Ltd., incorporated in the year 1999, is a mid-cap company with a

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Stock market update: Metal stocks melt; Tata Steel, Vedanta, Jindal Steel Power top losers
NEW DELHI: Metal stocks including Tata Steel (down 6.57 per cent), Vedanta (down 6.23 per cent) and Jindal Steel - Power (down 5.93 per cent) stood among the top losers on Wednesday.

The BSE Metal index closed the day with a loss of 3.93 per cent, emerging as the top loser among sectoral indices.

Shares of Tata Steel plunged a day after it

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Stock market update: Sensex, Nifty pare gains, but these stocks jump over 6%
NEW DELHI: Shares of ICICI Prudential Nifty 100 ETF (up 10.83 per cent), Lakshmi Energy and Foods (up 7.52 per cent), SMS Pharma (up 6.83 per cent) and Lakshmi Precision Screws (up 6.09 per cent) jumped over 6 per cent on NSE during the morning trade on Thursday, while equity markets were trading flat.

Stocks such as Eros Media (up 5.59 per cent),

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Buy Capacit'e Infraprojects, target Rs 402: IIFL

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Tech view: Nifty forms solid bearish candle, remains negatively biased
NEW DELHI: The Nifty50 tumbled over 1 per cent on Wednesday and in the process formed a solid bearish candle on the daily chart. The index formed lower high and lower low for the sixth session in a row. Analysts believe unless Nifty50 negates this trend, the market may remain negatively biased in the short term. For now, minor support is seen at

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ET Intelligence Group: For the greater part of the past two years, Tata Motors traded at a 40 per cent premium to BMW and Daimler, with Jaguar Land Rover (JLR) often doing well in several luxury markets. That premium has now disappeared, with greater global emphasis on the electric powertrain and cleaner internal combustion engines biting even the

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Sensex jumps 100 pts, Nifty above 10,450; Jet Airways drops 9%, Kaveri Seed up 3%
NEW DELHI: Headline indices Sensex and Nifty opened in the green on Thursday amid rising rupee and falling crude prices. At 09:28 am, the 30-share pack of BSE was trading 149 points higher at 34,494.22 with Infosys being the top gainer (up 2.28 per cent) and Tata Motors (down 2 per cent) the worst laggard.

The 50-share pack of NSE was trading

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F O: Weakness to persist if Nifty fails to negate lower highs lows
By Chandan TapariaThe Nifty50 index failed to cross the previous day’s high and corrected towards the 10,420 level on Wednesday. It formed a bearish candle on daily chart and witnessed sharp selling in the later part of the session.

It was making lower highs and lower lows for last six sessions and was not ready to surpass any immediate

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Stock market update: Tata Motors, Vedanta among most active stocks in value terms
NEW DELHI: Tata Motors (Rs 501.17 crore) was leading the pack of most active stocks in terms of value on NSE in morning trade on Thursday.

Jet Airways (Rs 244.94 crore), PC Jeweller (Rs 237.45 crore), Vedanta (Rs 165.99 crore), State Bank of India (Rs 157.01 crore), Infosys (Rs 134.90 crore), Tata Steel (Rs 113.25 crore) and Strides Shasun (Rs

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Buy Bajaj Auto, target Rs 3164: LKP Securities
LKP Securities has a buy call on Bajaj Auto Ltd. with a target price of Rs 3164. The current market price of Bajaj Auto Ltd. is Rs 2795.35. Time period given by the brokerage is a year when Bajaj Auto Ltd. price can reach defined target. Bajaj Auto Ltd., incorporated in 2007, is a large-cap company with a market cap of Rs 80322.50 crore..

Investmen

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Stock market update: Sensex, Nifty close with strong losses, but these stocks surge over 10%
NEW DELHI: Shares of Minda Industries (up 14.17 per cent) and Marksans Pharma (up 10.42 per cent) closed Wednesday's session with gains of over 10 per cent even as equity markets ended lower.

Stocks such as GVK Power - Infrastructure (up 9.69 per cent), Sequent Scientific (up 8.46 per cent), Goldstone Infratech (up 7.94 per cent), M M Forgings

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Kaveri Seed surges 4% as Mohnish Pabrai picks stake in company
Shares of Kaveri Seed advanced over 4 per cent in Thursday’s early trade after the US-based investor Mohnish Pabrai’s fund, Pabrai Investment Fund II LP, bought 7.8 lakh shares, or 1.2 per cent stake, in hybrid seed maker on Wednesday, bulk deal data on the National Stock Exchange of India’s website showed.

Pabrai’s fund bought the shares at Rs 4

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KPIT Q4 profit up 42% at Rs 76 crore

Our Bureau

Pune

Pune based IT consulting and product engineering company KPIT reported a profit after tax of Rs 76cr for the quarter ended March31,2018, up 23.2% quarter on quarter, and 41.6% year on year. The revenue for the quarter was Rs up 6% sequentially and 12.6% YoY.

The company also announced its annual results for FY18. Profit after tax

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Stock market update: These stocks plunged up to 10% on Wednesday
NEW DELHI: Shares of Dhunseri Petrochem (down 10 per cent), Vardhman Holdings (down 8.39 per cent) and HPCL (down 7.97 per cent) plunged up to 10 per cent on NSE on Wednesday amid across the board selling.

Stocks such as Dhampur Sugar (down 7.89 per cent), Balrampur Chini (down 7.23 per cent), ITD Cementation (down 6.69 per cent), Vedanta (down

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Jet Airways nosedives over 7% on Q4 loss
Jet Airways (India) flew into an air pocket early this morning with a loss of over 7 per cent due to unimpressive quarterly earnings numbers.

The airline major on Wednesday posted a standalone net loss of Rs 1,036 crore for the fourth quarter to March. It had posted a net profit of Rs 602.42 crore in the same period last year.

The stock was down

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Grasim Q4 profit jumps 18% to Rs 373 crore
Mumbai: Chemicals and textiles manufacturer Grasim Industries posted improved net profit for the March quarter, however, a one time exceptional charge and higher costs in the quarter pulled down the company's net earning.

Standalone net profit stood at Rs 373 crore, up by 18% since last year. Revenue from operations grew by 48% at Rs 4,606 crore.

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Stock market update: SBI, Strides Shasun most active stocks in value terms on Wednesday
NEW DELHI: State Bank of India (Rs 1,888.56 crore) finished Wednesday's session as the most active stock in terms of value on NSE on Wednesday.

Strides Shasun (Rs 1,006.64 crore), Tata Steel (Rs 945.73 crore), PC Jeweller (Rs 702.50 crore), Infosys (Rs 571.54 crore), Tata Motors (Rs 552.60 crore), HDFC (Rs 548.14 crore), HPCL (Rs 482.13 crore),

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Stock market update: RCom, PC Jeweller among most traded stocks on NSE
NEW DELHI: Reliance Communications emerged as the most active stock on NSE in morning trade on Thursday.

With over 1.25 crore shares changing hands, the scrip led the pack of most traded stocks.

It was followed by Tata Motors (number of shares traded: 0.84 crore) and PC Jeweller (0.76 crore)

Vedanta (0.58 crore), JP Associates (0.49 crore), Ashok

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The Wednesday’s session saw Nifty50 index breaking many technical parameters on the charts. After taking a day’s breather, the index resumed its downward trend and ended 106.35 points or 1.01 per cent lower.

It was the confirmation of the breach of 100-DMA level, which was most damaging. After spending nearly first half of the session just below

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Stock market update: Check out the most traded stocks of Wednesday's session
NEW DELHI: With 11.30 crore changing hands, Reliance Communications emerged as the most traded stock on NSE on Wednesday.

State Bank of India (7.12 crore) and Jaiprakash Associates (4.34 crore) were up next.

PC Jeweller (3.51 crore), IDBI Bank (2.98 crore), Suzlon Energy (2.97 crore), Punjab National Bank (2.95 crore), Ashok Leyland (2.88 crore),

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ETMarkets.com|

Updated: May 24, 2018, 10.09 AM IST

Buy UltraTech Cement Ltd. target Rs 4,750 : Sharekhan
Sharekhan has a buy call on UltraTech Cement Ltd. with a target price of Rs 4,750. The current market price of UltraTech Cement Ltd. is Rs 3661.4. Time period given by the brokerage is a year when UltraTech Cement Ltd. price can reach defined target. UltraTech Cement Ltd., incorporated in 2000, is

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Where do ultra rich park money Answer may lie in urbanisation
NEW DELHI: Urbanisation brings with it changes in lifestyle and consumption patterns. The story doesn't end there. It also marks a change in investment portfolio.

Roads and consumer durables are the two major sectors where ultra HNIs of India are parking their money, said Jitendra Gohil from Credit Suisse Wealth in an exclusive interaction with

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Stock market update: 10 stocks hit 52-week highs on NSE
NEW DELHI: Overall 10 stocks including, Berger Paints, Britannia Industries, DCM Financial Services, MM Forgings, Pidilite Industries and Welspun Enterprises hit 52-week highs on NSE on Wednesday.

However, as many as 147 stocks including Adani Power, Apollo Hospitals Enterprise, Chennai Petroleum Corporation and Corporation Bank hit 52-week lows on

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MUMBAI: Private equity fund True North is likely to buy a 40 per cent stake in Royal Sundaram General Insurance for about Rs 1,300 crore, a source close to the talks told ET. At that price point, the deal values the company at Rs 3,000 crore.

“True North has been shortlisted to buy out 40 per cent stake in Royal Sundaram General Insurance,” said a

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Larsen and Toubro Infotech Q4 profit up 14% YoY at Rs 289 crore
Pune: Larsen and Toubro Infotech (LTI) has announced a net profit of Rs 289.4cr for the quarter ended 31st May, 2018, up 2.3% sequentially and 13.7% year on year. Revenue for the quarter was Rs 2001.2cr, up 6.2% QoQ and 19.3% YoY. In dollar terms, revenue was at $309mn, up 5.3% and 16.7% respectively. The figures are adjusted for a one-time

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Motherson Sumi Systems Q4 profit rises over 9%
Auto parts maker Motherson Sumi Systems Ltd posted a 9.2 per cent rise in fourth-quarter net profit on Wednesday, but fell short of analysts' expectations.

Net profit was 5.18 billion rupees ($75.89 million) in the quarter ended March 31, compared with 4.75 billion rupees a year earlier, Motherson Sumi said.

Analysts on average expected a profit

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Buy TVS Motor, target Rs 725: Sharekhan
Buy TVS Motor, target Rs 725: Sharekhan - The TheIndianSubcontinent

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NEW DELHI: Global cues, a free fall in the rupee and weakening macros dragged the domestic equity benchmarks lower on Wednesday. The S-P BSE Sensex slipped 0.88 per cent, or 306 points, to 34,345. NSE’s Nifty lost 1 per cent, or 106 points, to close at 10,430.

Here’s a look at the top movers and shakers of Wednesday's trade:

Vedanta meltsShares

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Sebi to auction 20 assets of Pancard; reserve price at Rs 1,700 crore
NEW DELHI: Looking to recover over Rs 7,000 crore of investors' money, markets regulator Sebi will next month auction 20 properties of Pancard Clubs and its late chairman and managing director at a total reserve price of over Rs 1,700 crore.

This is in addition to at least 57 properties which were auctioned between December and May with combined

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