StockMarket

Market Now: Bharti Infratel, Airtel, Idea Cellular keep the sectoral index up
NEW DELHI: Even as a majority of telecom stocks were incurring losses, gains in GTPL Hathway (up 2.60 per cent), Bharti Infratel (up 1.49 per cent), Bharti Airtel (up 0.72 per cent) and Idea Cellular (up 0.67 per cent) were keeping the sectoral index up.

The BSE Telecom index was trading 0.22 per cent up at 1,177 around 11:50 am.

On the other hand,

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Warren Buffett trolled! Miner puts up billboard, says legend wrong on bitcoin
Genesis Mining, a popular cloud mining company based out of Iceland, put out some billboards outside Warren Buffett’s office this past week in support of bitcoin and telling the ace investor that like he was wrong about Google and Amazon, he might be wrong about bitcoin too.

The legendary investor had earlier this month said buyers of bitcoin,

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Jaiprakash Associates posts Q4 loss of Rs 79 crore
Crisis-hit Jaiprakash Associates Ltd (JAL) has reported a standalone net loss of Rs 78.70 crore for the fourth quarter of 2017-18 against a loss of Rs 1,882.40 crore in the same quarter of previous fiscal.

The company in a regulatory filing noted that financial results for the last quarter and for full 2017-18 fiscal were not comparable with the

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Market Now: BPCL, ONGC keep oil gas index in the green
NEW DELHI: Gains in BPCL (up 1.49 per cent), GAIL (India) (up 1.28 per cent) and ONGC (up 1.19 per cent) were keeping the oil - gas index up in Monday's trade.

The BSE Oil - Gas index was trading 0.29 per cent up at 14,341 around 11:40 am.

Shares of HPCL (up 0.56 per cent) and Indian Oil Corporation (up 0.21 per cent) were also trade with

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Bhushan Steel hits upper circuit as Tata Steel closes deal
Bhushan Steel (BSL) hit upper circuit on Monday as Tata Steel's wholly-owned subsidiary Bamnipal Steel completes stake acquisition in BSL.

The buying of 72.65 per cent stake is in accordance with approved guidelines under the corporate insolvency resolution process (CIRP).

The scrip was locked in upper circuit of 4.88 per cent at Rs 29 whereas the

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Benefits of longer trading hours in derivatives to outweigh costs
Mumbai: Even as the equity brokers are trying to figure out a way to cope with the longer trading hours on equity derivatives, many feel the benefit of "real-time" alignment with global markets would outweigh infrastructure challenges.

Some Indian brokerage majors have already started to shore up their manpower and other resources after the

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Top intraday trading ideas for afternoon trade for Monday, 21 May 2018
NEW DELHI: The Nifty50 index was trading 33 points down at 10,564 around 11:30 am on Monday following selling 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: Manas Jaiswal of manasjaiswal.comBalkrishna Industries is a 'Sell' call

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Market Now: Private bank stocks down; Kotak Mahindra Bank slips 1%
NEW DELHI: Most private bank stocks including South Indian Bank (down 1.95 per cent), IDFC Bank (down 1.34 per cent), Federal Bank (down 1.09 per cent) and Kotak Mahindra Bank (down 1.01 per cent) were suffering losses during Monday's trade.

The Nifty Private Bank index was trading 0.18 per cent down at 14,838 around 10:30 am.

Shares of RBL Bank

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Benefits of longer trading hours in derivatives to outweigh costs
Mumbai: Even as the equity brokers are trying to figure out a way to cope with the longer trading hours on equity derivatives, many feel the benefit of "real-time" alignment with global markets would outweigh infrastructure challenges.

Some Indian brokerage majors have already started to shore up their manpower and other resources after the

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Market Now: Britannia, Colgate Palmolive, HUL hit 52-week highs
NEW DELHI: Britannia Industries, Colgate Palmolive, Hindustan Unilever, IndoStar Capital Finance, Tata Consultancy Services and Orient Press hit 52-week highs on NSE during Monday's trade despite negative market sentiment.

However, Century Textiles - Industries, Strides Shasun, Ajanta Pharma, Amtek Auto and Can Fin Homes hit 52-week lows on

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10 wealth-creation ideas from top brokerages for next 3 weeks
NEW DELHI: Going is getting tougher for Dalal Street by the day. Rising oil prices, a falling rupee, surging US bond yields and now more political uncertainty following the BJP’s setback in Karnataka, many say, would unite opposition forces, making it harder for Modi to return in 2019.

Headline equity indices Sensex and Nifty shed 2 per cent each

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Bearish undertone persisted on Dalal Street, as the NSE benchmark Nifty opened lower on Friday and remained in the falling channel throughout the session. The index ended 86.30 points or 0.81 per cent lower.

The nervousness was evident, as the political drama in Karnataka shifted to proving the majority on the Assembly floor. What happened in the

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Indiabulls Real Estate drops 5% on share buyback nod
NEW DELHI: Indiabulls Real Estate declined over 5 per cent on Monday as the company approved a share buyback proposal.

The stock fell 5.08 per cent to plumb a low of Rs 195.25 on the BSE this morning.

The board on Friday approved the Rs 624-crore share buyback for nearly 5.5 per cent of its shares at a price of up to Rs 240. The chief objective,

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Market Now: PSU bank stocks trade up; PNB, SBI gain over 1%
NEW DELHI: Most PSU bank stocks were trading with gains in morning trade on Monday, keeping the sectoral index up.

The Nifty PSU Bank index was trading 1.08 per cent up at 2,685 around 10:20 am, with Bank of India (up 2.51 per cent) as top gainer.

Shares of Punjab National Bank (up 1.47 per cent), Canara Bank (up 1.34 per cent), IDBI Bank (up 1.24

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Market may see another phase of correction: Edelweiss
The Indian economy is in the beginning of an economic recovery, but there are thick headwinds for domestic equity markets going ahead and another phase of correction is likely, says a report.

According to the report by Edelweiss Investment Research, approaching elections, elevated bond yields, emerging market currency weakness and deteriorating

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Investors bet on fresh stock volatility like itAugust 2016
New York: Stocks are calmer these days, but there’s one corner of the market where investor nerves are on full display.

So far this month, more than $633 million has poured into US-listed exchange-traded products that benefit from a rise in volatility, putting May on track to be the busiest streak for such inflows since August 2016.

The largest

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Capacit&e Infraprojects shares hit fresh 52-week low post Q4 results
Share price of Capacit’e Infraprojects plunged over 5 per cent and scaled their fresh 52-week low of Rs 287.40 on Monday after the company on Friday, post market hours, reported 16.27 per cent year-on-year fall in net profit at Rs 22.38 crore for the quarter ended March 2018.

It had posted a net profit of Rs 26.73 crore in the corresponding

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Wall Street's 'Sell in May' could be fading away
NEW YORK: "Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years.

Though the exact origins of the phrase are a bit murky, up until recently, stocks had underperformed in the six-month period starting in May, which coincides with vacation for many traders

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Strides Shasun plunges 7% on earnings woes
NEW DELHI: Strides Shasun fell 7 per cent on Monday as the company swung to loss for the March quarter.

The fresh weakness came on top of 23 per cent drop on Friday after the lacklustre earnings.

The stock fell 7 per cent to hit a low of Rs 360 on the BSE this morning.

The company has reported a consolidated net loss of Rs 4.40 crore for

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Market Now: Over 160 stocks hit 52-week lows on NSE
NEW DELHI: over 160 stocks including Ajanta Pharma, Amtek Auto and Can Fin Homes hit 52-week lows on NSE in morning trade on Monday.

Century Textiles - Industries, Strides Shasun, Capacit'e Infraprojects, Eon Electric, ARSS Infra, Vakrangee, Gammon India, Rainbow Papers, Orchid Pharma, Burnpur Cement, Ruchira Papers, Alembic Pharma, Mercator

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Urban Ladder aims to hit profits next fiscal, plans IPO by 2020
Home furnishing company Urban Ladder expects to hit profits by next financial year as it expands network of physical stores in Delhi-NCR and Bengaluru, and further strengthens its product portfolio.

The Ratan Tata-backed company has five physical retail stores in Bengaluru and Gurugram apart from its online operations.

"We are expecting a touch

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Market Now: Smallcaps in sync with midcaps, underperform Sensex
NEW DELHI: In line with midcaps, smallcaps too were underperforming Sensex in Monday's trade.

Around 11:05 am, the BSE Smallcap index was 1.36 per cent down at 17,091, while the BSE Sensex was 0.25 per cent down at 34,761. The NSE Nifty50 was 0.36 per cent down at 10,558.

Shares of Jaiprakash Associates (down 18 per cent) and Kitex Garments (down

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Buy Voltas, target Rs 795: Jefferies Group

Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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Sebi to consider penal action against PNB, Gitanjali Gems
New Delhi, May 20 (PTI) Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said.

The markets watchdog last week issued a warning letter to PNB for

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UltraTech Cement rallies 4% on Century cement revamp
NEW DELHI: UltraTech Cement surged over 4 per cent on Monday after the Aditya Birla Group company approved restructuring of the cement business of Century Textiles and Industries and its absorption into UltraTech.

The move is expected to add muscle to the company's position in central and east Indian markets.

The board on Saturday approved a

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Balrampur Chini posts Rs 42 cr net loss in Q4
NEW DELHI: Leading sugar firm Balrampur Chini Mills posted standalone net loss of Rs 42.69 crore for the fourth quarter of 2017-18, mainly due to higher expenses.

The company had reported a net profit of Rs 200.39 crore in the same quarter previous fiscal, according to a regulatory filing.

The revenue of the company increased to Rs 1,037.01 crore

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Investors rush to mutual funds; over 8 lakh folios added in a month
Showing a growing inclination for mutual funds among investors, the number of folios has grown by over 8 lakh in just one month to reach an all time high of 7.22 crore at the end of April 2018.

This follows an addition of 1.6 crore investors account in entire 2017-18, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16.

Folios are numbers

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Market Now: Midcaps underperform Sensex; Ashok Leyland top drag
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during Monday's trade.

Around 10:50 am, the midcap index was 0.97 per cent down at 15,742, while the Sensex was 0.17 per cent down at 34,788. The NSE Nifty50 was 0.30 per cent down at 10,564 around the same time.

Falling nearly 8 per cent, Ashok Leyland was the top drag on the

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Shobha Q4 profit jumps 42% to Rs 65 crore
Realty firm Shobha Ltd has reported a 42.17 per cent increase in its consolidated net profit to Rs 65.4 crore in the fourth quarter of 2017-18, on higher sales.

Its net profit stood at Rs 46 crore in the same quarter last year, the company said in a regulatory filing.

Total revenue rose over 32 per cent to Rs 789.2 crore during January-March

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FPIs in exit mode, pull out Rs 18,000 crore in May
Foreign investors pulled out nearly Rs 18,000 crore (USD 2.65 billion) from capital markets so far this month primarily due to surge in global crude prices and heightened US-Iran tensions.

Foreign portfolio investors (FPIs) had taken out more than Rs 15,500 crore from capital markets (equity and debt) in April.

According to the latest depository

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