StockMarket

Fortis: Sebi probes insider trading violation, other regulatory lapses
Regulator Sebi is probing suspected insider trading by some institutional investors and other regulatory lapses at Fortis Healthcare amid a takeover battle and boardroom upheaval at the hospital chain, officials said.

Apart from the Sebi probe that also includes investigation into suspected disclosure lapses, the Serious Fraud Investigation Office

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Sensex snaps 5-day losing streak, Nifty ends at 10,537
NEW DELHI: Indian stock benchmarks Sensex and Nifty snapped their five-day losing streak on Tuesday on gains in metal, auto and pharma stocks amid mixed global cues.

However, concerns over rising global oil prices and precarious rupee against the US dollar kept market sentiment restricted.

After suffering losses in five consecutive sessions,

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Dr Reddyreports flat profit growth for Q4 at Rs 302 crore
Dr Reddy’s Laboratories on Tuesday posted 3 per cent year-on-year fall in profit at Rs 302.20 crore for the quarter ended March 31. The pharma major had reported a profit of Rs 312.50 crore in the corresponding quarter last year.

ETNow poll estimated Rs 373-crore profit for the quarter under review.

Revenues inched lower to Rs 3,534.90 crore in

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NEW DELHI: Breaking the shackles of the bears, the bulls on Dalal Street finally emerged triumphant on Tuesday, and thus snapped a five-day losing streak.

The S-P BSE Sensex ended 35 points higher at 34,651.24, supported by some solid buying in select bluechip counters from financials and auto segments.

The Nifty50 gained 20 points or 0.19 per

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Bajaj Finserv, Bajaj Finance hit 52-week highs on NSE
NEW DELHI: Bajaj Finserv, Bajaj Finance, Berger Paints, DSP BlackRock Liquid ETF and Magma Fincorp were the only 5 stocks that hit 52-week highs on NSE on Tuesday.

Bajaj Finserv and Bajaj Finance, both, have reported decent numbers for the March quarter of last fiscal.

Bajaj Finserv posted 36 per cent rise in consolidated net profit to Rs 1,113.83

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Market Now: Capital goods index climbs 1%; SKF India, Havells, L T top contributors
NEW DELHI: The BSE Capital Goods index was trading 0.96 per cent up at 18,469 around 01:20 pm on Tuesday, with shares of Reliance Naval and Engineering (up 10.42 per cent) as top gainers.

CG Power and Industrial Solutions (up 5.80 per cent) and SKF India (up 4.10 per cent) were up next among the gainers in the capital goods index.

Havells India (up

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Auto index top sectoral gainer on BSE; Ashok Leyland leads the pack
NEW DELHI: The auto index emerged as the top gainer among the sectoral indices on BSE on Tuesday.

The BSE Auto index finished Tuesday's trade 1.73 per cent up at 24,295.

Ashok Leyland (up 5.14 per cent) remained the top gainer in the auto index, followed by Tata Motors (up 3.78 per cent), Motherson Sumi Systems (up 3.49 per cent) and Bajaj Auto (up

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215 stocks hit 52-week lows on NSE on Tuesday
NEW DELHI: As many as 215 stocks including ABB India, ACC, Adani Power, Alok Industries and Grasim Industries hit 52-week lows on NSE on Tuesday.

Granules India, Apollo Hospitals Enterprise, Ballarpur Industries, Bharti Airtel, Burnpur Cement, Can Fin Homes, Castrol India, CEAT, Corporation Bank, Jubilant Industries, Mahanagar Gas, National

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Can the ‘TINA& halo over Indian equities turn into a major trap
2017 was a dream year for global equities in general and Indian equities in particular. However, 2018 seems to be quite different. In recent times, the damage seen in Indian equities has been substantial. This has been especially more prominent since mid-January, when the benchmark indices touched their all time highs. The fall has been even more
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SBI, PNB keep Nifty Bank index up on Tuesday
NEW DELHI: The Nifty Bank index finished Tuesday's session with tepid gains of 0.10 per cent at 25,778.

State Bank of India remained the top gainer of the index, rising 4.60 per cent despite it reported a whopping Rs 7,718 crore loss for March quarter as bad provisions doubled to Rs 22,096 crore from Rs 11,740 crore in the same quarter last year.

Sha

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Cipla reports Rs 179 crore Q4 profit, announces Rs 3 dividend for FY18
NEW DELHI: Drug major Cipla on Tuesday reported consolidated profit of Rs 178.61 crore for the quarter ended March 31. The firm had posted a loss of Rs 61.79 crore in the corresponding quarter last fiscal.

Total income of the company stood at Rs 3,737.9 crore, up 3.69 per cent against Rs 3,604.79 crore in the year-ago period.

The Board of

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Market Now: Power stocks light up; CG Power, Reliance Power surge up to 5%
NEW DELHI: A majority of power stocks including CG Power and Industrial Solutions (up 5.17 per cent) and Reliance Power (up 4.64 per cent) were trading with gains in afternoon trade on Tuesday.

The BSE Power index was trading 0.90 per cent up at 2,103 around 1 pm.

Shares of PTC India, Torrent Power, Suzlon Energy, GMR Infrastructure, Reliance

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Tech view: Nifty forms Spinning Top kind of pattern, may attempt pullback
NEW DELHI: The Nifty50 on Tuesday snapped a five-day losing streak and formed a small bullish candle, resembling a 'Spinning Top' on the daily chart. While the index continued to form lower highs and lower lows, analysts believe the index may keep attempting a pullback in the coming sessions.

For the day, the index rose 20 points, or 0.19 per

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IndianOil posts 40% YoY jump in Q4 profit at Rs 5,218 crore, beats Street estimates
Oil marketing major Indian Oil Corporation (IOC) on Tuesday posted 40.25 per cent year-on-year rise in profit at Rs 5,218.10 crore for the quarter ended March 31. It had posted a net profit of Rs 3720.62 crore in the corresponding quarter last year.

ETNow poll had predicted a profit of Rs 4,800 crore.

Revenue from operations jumped 12.29 per cent

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NEW DELHI: Dalal Street witnessed another session of brisk selling on Monday, as rising crude prices, falling rupee and BJP’s political setback in Karnataka marred investors' risk appetite.

The S-P BSE Sensex slipped 232 points, or 0.67 per cent, to close at 34,616 while the broader Nifty50 index of the National Stock Exchange (NSE) lost 80

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SBI most active stock in value terms on NSE
NEW DELHI: State Bank of India (Rs 1,721.76 crore) finished Tuesday's session as the most active stock in terms of value on NSE.

India's largest lender on Tuesday reported a whopping Rs 7,718 crore loss for March quarter as bad provisions doubled to Rs 22,096 crore from Rs 11,740 crore in the same quarter last year.

Ashok Leyland (Rs 920.30 crore),

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India's largest lender State Bank of India on Tuesday reported a whopping Rs 7,718 crore loss for March quarter as bad provisions doubled to Rs 22,096 crore from Rs 11,740 crore in the same quarter last year. NPA provisions stood at Rs 18,876 crore for December quarter.

The loss was way above Street estimates. Analysts in an ETNow poll had

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Japanese stocks edge lower from 3.5-month highs, hit by weakness in financials
TOKYO: Japanese shares edged lower on Tuesday from 3.5-month highs the previous day, with financial shares leading declines as investors booked profits on signs of an apparent peak in U.S. bond yields.

The Nikkei ended 0.2 per cent lower at 22,960.34. The Topix also fell 0.2 per cent, to 1,809.57, weighed down by financial shares.

Trading volume

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Check out the most traded stocks of Tuesday's session
NEW DELHI: Reliance Communications emerged as the most traded stock on NSE on Tuesday.

With 29.19 crore shares changing hands, the scrip led the pack of most traded stocks on NSE.

Jaiprakash Associates (number of shares traded: 13.13 crore), State Bank of India (6.87 crore), Ashok Leyland (6.53 crore), Punjab National Bank (4.73 crore), PC Jeweller

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Shanghai stocks end flat as healthcare firms offset developers
SHANGHAI: Shanghai stocks erased early losses to end flat on Tuesday, amid signs of easing trade tensions, after the United States and China are said to be nearing a deal to settle ZTE controversy.

The blue-chip CSI300 index fell 0.4 per cent, to 3,906.21 points, while the Shanghai Composite Index ended flat at 3,214.35 points.

Washington and

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NSE-SGX tussle for a bigger pie of Indian equity derivatives gets ugly
NEW DELHI: What began as a friendly turf war between India’s National Stock Exchange and Singapore Exchange (SGX) for control of the rising business in Indian equity derivatives is fast degenerating into an ugly fight, with the former already launching a full-fledged courtroom battle against the latter.

SGX, in the first place, got a toehold in

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These stocks surged over 15% on NSE on Tuesday
NEW DELHI: 8K Miles Software Services (up 19.99 per cent), Usha Martin (up 16.44 per cent) and PC Jeweller (up 15.52 per cent) surged over 15 per cent on NSE on Tuesday.

Stocks such as Strides Shasun (up 14.97 per cent), Balrampur Chini (up 11.06 per cent), Emami Infrastructure (up 10.92 per cent) and Man Industries (up 10.10 per cent) jumped over

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Market Now: IT stocks tumble amid a fresh rise in rupee; TCS top loser
NEW DELHI: A majority of IT stocks including Tata Consultancy Services (down 1.51 per cent), Mindtree (down 1.26 per cent) and KPIT Technologies (down 0.99 per cent) were trading in the negative territory in afternoon trade on Tuesday amid fresh rise in Indian rupee.

The rupee moved slightly up by 10 paise during Tuesday's trade.

The Nifty IT index

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Market Now: Smallcaps in line with midcaps, outperform Sensex
NEW DELHI: In line with midcaps, smallcaps too were outperforming Sensex during Tuesday's trade.

Around 11:55 am, the BSE Smallcap index was 0.52 per cent up at 17,034, while the Sensex was 0.04 per cent down at 34,601. The NSE Nifty50 was 0.03 per cent up at 10,520.

Shares of Usha Martin (up 13.90 per cent), Strides Shasun (up 12.39 per cent) and Ja

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F O: Fresh Put writing at 10,500 may trigger short-term bounce
By Chandan TapariaThe Nifty50 index traded in a range of 50 - 60 points throughout Tuesday's session and closed near its 50-day EMA. It managed to close in the positive after seeing a decline over the past five sessions and formed a small bullish candle on the daily scale.

However, it continued to form lower highs and lower lows for last five

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Autos, banks fuel European shares as Italy recovers
LONDON: European shares touched their highest level since the start of February on Tuesday as autos and bank stocks climbed, and Italian shares recovered from Monday's dip on investors' worries over a new government's spending plans.

The pan-European STOXX 600 inched up 0.1 percent, extending Monday's gains, with auto stocks and financials making

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Bajaj Auto pushes up as export outlook shines
Bajaj Auto climbed over 2 per cent today after brokerages revised target price of the two-wheeler major upwards, citing robust export outlook.

The scrip was trading 2.48 per cent up at Rs 2,787.45 at around 10.50 am. The BSE Sensex was up 94 points, or 0.27 per cent, at 34,709.64.

Global brokerage firm Nomura raised the rating for Bajaj Auto to

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These stocks tanked over 6% on NSE on Tuesday
NEW DELHI: Shares of Symphony (down 11.52 per cent), Dhunseri Petrochem (down 9.98 per cent), Panama Petrochem (down 6.31 per cent), Ucal Fuel Systems (down 6.10 per cent) and EIH Associated (down 6.01 per cent) tanked over 6 per cent on NSE on Tuesday.

Stocks such as Mahanagar Gas (down 5.96 per cent), Vakrangee (down 4.90 per cent), Sanwaria

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Market Now: PC Jeweller, Whirlpool, VIP Industries keep consumer durables index in the green
NEW DELHI: The BSE Consumer Durables index was trading 0.22 per cent up at 21,149 around 01:30 pm on Tuesday, with PC Jeweller (up 10.59 per cent) as the top gainer.

Shares of Whirlpool of India (up 1.49 per cent), Bajaj Electricals (up 1.46 per cent), VIP Industries (up 1.39 per cent), TTK Prestige (up 1.34 per cent) and Symphony (up 0.79 per

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Market Now: Midcaps outpace Sensex; Ashok Leyland among top midcap gainers
NEW DELHI: The BSE Midcap index was outpacing benchmark Sensex during Tuesday's trade.

Around 11:45 am, the midcap index was 0.34 per cent up at 15,689, while the Sensex was 0.03 per cent down at 34,607. The Nifty50 index was 0.02 per cent up at 10,519 around the same time.

Shares of Bajaj Holdings - Investment (up 5.64 per cent) and Ashok

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