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Market Now: Sugar stocks less sugary; Uttam Sugar Mills plunges over 5%
NEW DELHI: A majority of sugar stocks were falling in Monday's trade.

Sugar stocks have been facing headwinds lately in the form of a glut in production.

Uttam Sugar Mills (down 5.43 per cent), Rana Sugars (down 5.08 per cent), Indian Sucrose (down 4.92 per cent), Dwarikesh Sugar Industries (down 4.08 per cent), Mawana Sugars (down 3.95 per cent)

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What I read this week: Emerging investment trends and the big changes in power sector that no one is talking about
I came across an interesting but lengthy report on emerging investment trends across various asset classes and I decided to to summarise the report itself by picking four trends. Starting with Agriculture, where years of lower crop prices coupled with rising demand and a little help from climatic condition means we are nearing the bottom in agri
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Oriental Bank of Commerce Q4 net loss widens to Rs 1,650 crore
Public sector lender Oriental Bank of Commerce's (OBC) net loss widened to Rs 1,650.22 crore for the quarter ended March of 2017-18.

The bank had made a net loss of Rs 1,218.01 crore during the corresponding quarter of the preceding fiscal ended March 2017.

Total income of the bank during January-March quarter of 2017-18 came down to Rs 4,689.12

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Gujarat Gas climbs over 4% post Q4 numbers
Gujarat Gas rallied over 4 per cent early on Monday as its Q4 earnings gained traction.

The company posted 99 per cent year-on-year rise in net profit at Rs 65.95 crore for the quarter to March. The figure stood at Rs 33.14 crore in the same period last year.

The scrip was trading 4.21 per cent up at Rs 878 at around 9.45 am (IST). It opened at

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By Luke KawaBitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.

This would be the first death cross for Bitcoin since 2015.

Bitcoin-1To be sure, there are some

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6 lessons from IPL that can make you money on D-Street
NEW DELHI: I tend to think that cricket is the greatest thing God ever created on earth – certainly greater than sex, although sex isn’t too bad either, so says Harold Pinter.

That sums up the craze and love for cricket among Indians.

In cricket-obsessed India, anybody and everybody seems to have a take on the favourite pastime. And the fever

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Dena Bank plunges 12% as RBI bars bank from fresh lending, hiring
NEW DELHI: Shares of Dena Bank tanked over 12 per cent in Monday's trade after Reserve Bank of India (RBI) directed the bank not to issue any fresh loans and hire new personnel in the wake of mounting non-performing assets (NPAs).

The RBI has initiated prompt corrective action (PCA) for Dena Bank and imposed certain restrictions, in view of

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BSE to seek US regulator nod for FBT status
KOLKATA: Asia's oldest bourse BSE is planning to seek US regulator's nod for holding the status of Foreign Board of Trade (FBT) for its India International Exchange in GIFT city, a top BSE official has said.

"We are in the process of applying to seek approval from Commodities Futures Trading Commission (CFTC) as an FBT for our India International

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ETMarkets special weekend podcast: Why Karnataka means so much for D-Street
Hi there,

The D-day is here. Karnataka goes to the polls today. The bets are off. If popular belief is anything to go by, the fight might just go down to the wire.

Politics will trump economics on Dalal Street this time around, say analysts. Karnataka, home to India’s Silicon Valley, sets the tone for a series of state elections in the run-up to

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11 money-making ideas from top brokerages for next 3 weeks
NEW DELHI: The bulls had an upperhand last week, mainly driven by upbeat corporate earnings.

On Friday, the BSE Sensex rallied 290 points to settle at 35,535. NSE’s 50-share Nifty pack reclaimed the crucial 10,800 level to end at 10,806, up 90 points or 0.84 per cent.

On a weekly basis, both gained 1.77 per cent each.

The cloud of Karnataka poll

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Nine of top 10 most valued firms add Rs 65,129 crore to m-cap
NEW DELHI: Nine of the top-10 most valued Indian companies together added Rs 65,128.77 crore in market capitalisation (m-cap) last week, with RIL recording the maximum surge in its valuation.

Tata Consultancy Services (TCS) was the only one to see erosion from its m-cap, while the rest nine companies, including HDFC Bank, ITC, Hindustan Unilever

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Walmart can invest another $3 billion in Flipkart at the same valuation
BENGALURU: US retail giant Walmart has an option to invest an additional $3 billion in India’s largest online retailer Flipkart at the same valuation within a year of completing the acquisition of 77 per cent stake in the company, according to the company’s regulatory filings with the US market regulator SEC.

The Bentonville-headquartered company

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Market Now: Asian Paints, HDFC Bank, Hindustan Unilever hit 52-week highs
NEW DELHI: Asian Paints, HDFC Bank, Hindustan Unilever, IndusInd Bank, Nestle India, Orient Electric, Orient Press and Parag Milk Foods were among the stocks that hit fresh 52-week highs on NSE in Monday's trade.

On the contrary, Indo Count Industries, Idea Cellular, IDFC Bank, Oriental Bank of Commerce, Punjab - Sind Bank, Reliance Naval and

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FPIs withdraw $2 billion from markets in just 8 trading sessions
NEW DELHI: Foreign investors have pulled out Rs 12,671 crore ($2 billion) from the Indian capital markets, in the last eight trading sessions, primarily due to surge in global crude prices and rise in yields of government securities here.

These developments follow an outflow of over Rs 15,500 crore from the capital markets (equity and debt) in

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Facebook may launch its own cryptocurrency
After reports surfaced that Facebook is creating a new Blockchain group, fresh media reports have claimed that the social networking giant is also exploring the creation of its own cryptocurrency.

According to the tech website Cheddar, Facebook is "very serious about it".

However, "people familiar with the matter said the social network doesn't

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Market Now: Kotak Bank, IndusInd Bank keep Nifty Private Bank index in the green
NEW DELHI: Gains in Kotak Mahindra Bank (up 1.12 per cent), IndusInd Bank (up 0.88 per cent) and HDFC Bank (up 0.50 per cent) were keeping the private bank index in the green in morning trade on Monday.

The Nifty Private Bank index was trading 0.29 per cent up at 15,200 around 10:20 am.

Shares of Axis Bank (up 0.45 per cent) and YES Bank (up 0.34

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Sebi, stock exchanges step up vigil before Karnataka elections results
NEW DELHI: Regulator Sebi as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and excessive volatility in the markets ahead of assembly elections results in Karnataka.

The results of the single-phase assembly elections will be declared on May 15. However, before the formal announcement of the

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In our previous weekly note, we had talk about the emergence of the 10,785 mark as not only a likely lower top but also an important resistance area for the Nifty50.

The week gone by saw fierce consolidation and the Nifty face resistance all week at the 10,785 mark. On the last day of the trading week, the Nifty50 attempted to move past this

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ETMarkets Morning Podcast: What's buzzing on Dalal Street this morning
This is Prachi Sharma, your market jockey, with the morning briefing to get you up and running for a busy day on Dalal Street.

The clock ticks for the Karnataka results day tomorrow. There is no clear signal from the exit polls yet and that is what making investors more nervous.

Nifty futures in Singapore were slightly negative early today,

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Karnataka elections outcome, Q4 numbers to drive market in the week ahead
NEW DELHI: Neither Karnataka election jitters nor simmering oil prices globally could dampen the spirits of the bulls last week, as the domestic shares posted their biggest weekly gain in five weeks.

Upbeat quarterly earnings and soft US inflation data acted as catalysts to increase investors’ risk appetite on Dalal Street during the week gone by.

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Apple is almost a $1 trillion company, but watch out for Amazon
SAN FRANCISCO: Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.

Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product

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Sompo Japan to buy 6% more in Universal Sompo from Karnataka Bank for Rs 125 crore
KOLKATA: Japanese general insurer Sompo Japan Nipponkoa Insurance would pay Rs 125 crore to buy 6% more stake in Universal Sompo General Insurance, India's first insurance company where three banks are promoters.

Sompo would buy the stake from Karnataka Bank, which holds 14.26% in the joint venture, Universal Sompo chairman O N Singh said.

Non-bank

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The week that was: Graphite stocks mint money; 31 stocks@52-wk high
It was a positive week for the domestic equity market, as benchmarks Sensex and Nifty reclaimed psychologically important 35,500 and 10,800 levels, respectively. Overall, the bulls were in full control during the week gone by with key indices closing in the green in four out of five sessions.

The BSE Sensex gained 620.41 points, or 1.78 per cent,

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FMCG offers an opportunity to play rural consumption theme
By DK AggarwalThe fast moving consumer goods (FMCG) sector is an important contributor to India’s GDP growth, with a whopping size of around Rs 500 billion. With the revival in rural demand coupled with new product launches by FMCG companies, revenue growth from the rural segment, which contributes 40-45 per cent of total income of the FMCG firms,
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How satta bazaar bets on Karnataka election
MUMBAI: The satta bazaar is shortening the odds on a BJP win in Karnataka, even though a third party may eventually feature in the victorious combine.

Largely, ek-pe-ek (one against one) trades offering punters the opportunity to double their investments are more numerous. But there is enough incentive for those willing to bet more of their skin

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11 individuals move SC against RBI circular that blocked banking services for bitcoin businesses
A group of eleven individuals have filed a writ petition in the Supreme Court challenging the Reserve Bank of India decision to block “essential services” like banking for cryptocurrency related businesses in India. The case has been listed for further hearing on May 17, 2018.

“Banking is an essential service. How can one deny access to an e

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Bad loans push four PSBs to combined Rs 11,729 crore Q4 loss
BENGALURU/MUMBAI: Four Indian state banks reported on Friday a combined net loss of 117.29 billion rupees ($1.74 billion) for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of central bank rules.

Bengaluru-headquartered Canara Bank Ltd, the biggest of the four, said its net loss was 48.6 billion rupees for

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NEW DELHI: The market attempted a breakout in the Friday’s session as it opened positive and continued to trade below 10,785-mark. However, the second half of the session saw the shares gaining strength and attempted to break out of the consolidation zone it created. It ended a notch above the 10,785-mark, gaining 89.95 points or 0.84 per cent.

As

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JK Lakshmi Cement Q4 net soars 2-fold to Rs 96.45 crore
NEW DELHI: JK Lakshmi Cement's standalone net profit more than doubled to Rs 96.45 crore for the fourth quarter ended March 2018, helped by lower tax expenses.

The company had posted a net profit of Rs 42.57 crore in the same quarter of the previous fiscal.

Its total revenue during the quarter under review stood at Rs 1,369.25 crore. It was Rs

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PNB splits loan operations to stop future shocks
Mumbai: Scandal-hit Punjab National Bank (PNB) has gone for a four-way split of its loans operations and created a focused offsite centre for monitoring all foreign exchange-related business to ensure that the recent Nirav Modi like episode that created a Rs 13,000-crore crater in its balance sheet does not recur, its chief executive told ET.

These

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