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Sensex, Nifty close higher, but these stocks plunged up to 25%
NEW DELHI: Shares of Uttam Value Steels finished Wednesday's session with a loss of 25 per cent, emerging as the top loser on NSE.

It was followed by Shekhawati Poly-Yarn that cracked 12.50 per cent.

Jindal Poly Investment and Finance Company (down 9.37 per cent), Cords Cable Industries (down 8.74 per cent), Mahamaya Steel Industries (down 8.44

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HEG, Graphite India run up for 4th straight session
Key graphite electrode players HEG and Graphite India rose up to 8 per cent today morning, marking their rally for the fourth straight session.

HEG was trading higher 8 per cent after the company on Tuesday posted a net profit of Rs 634.01 crore for the March quarter against a net loss of Rs 3.42 crore in the same period last year.

Its revenue

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Market Now: Private bank stocks mixed; YES Bank, Axis Bank rise
NEW DELHI: Private bank stocks YES Bank (up 1.12 per cent), Axis Bank (up 0.55 per cent) and Federal Bank (up 0.43 per cent) were trading with small gains in Wednesday's trade.

The Nifty Private Bank index was trading marginally up by 0.15 per cent up at 14,998 around 10:50 am (IST).

Shares of IDFC Bank (up 0.33 per cent), IndusInd Bank (up 0.32

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Sensex, Nifty rise for third day; bank, IT stocks key drivers
NEW DELHI: Indian shares rose for a third consecutive day on Wednesday, underpinned by gains in bank, IT, capital goods and consumer durables stocks, tracking global stocks that edged up on a rally in oil stocks.

European energy stocks spurred after the US President Donald Trump said the US will withdraw from the Iran nuclear deal, which may be

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Market Now: Graphite India, L T keep capital goods index up
NEW DELHI: The BSE Capital Goods index was trading 0.64 per cent up at 19,289 around 12:15 pm (IST), backed by gains in Graphite India (up 4.99 per cent) and Havells India (up 1.80 per cent).

Shares of Lakshmi Machine Works (up 1.27 per cent), Siemens (up 1.17 per cent), V-Guard Industries (up 0.87 per cent), Larsen - Toubro (up 0.82 per

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Aussie shares subdued with budget in focus; New Zealand ends flat
Australian shares ended mostly flat on Tuesday, coming off a three-month high as investors strived to reduce their exposure before the 2018 federal budget due later in the day.

The S-P/ASX 200 index rose 7.4 points or 0.12 per cent to 6,091.9 at the close of trade. The benchmark gained 0.4 per cent on Monday.

Gains across financials and

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Tata Motors, TCS among most active stocks in value terms
NEW DELHI: Tata Motors (Rs 649.91 crore), ICICI Bank (Rs 618.78 crore) and Tata Consultancy Services (Rs 455.14 crore) finished Wednesday's session among the most active stocks in value terms of NSE.

Hindalco Industries (Rs 452.33 crore), Reliance Industries (Rs 437.57 crore), HPCL (Rs 430.37 crore), BPCL (Rs 414.87 crore) and Titan Company (Rs

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Market Now: Bharti Infratel, Airtel drive telecom index up
NEW DELHI: Telecom stocks Tata Teleservices (Maharashtra) (up 4.36 per cent), OnMobile Global (up 2.32 per cent), Bharti Infratel (up 1.56 per cent) and Bharti Airtel (up 1.51 per cent) were trading with gains in Wednesday's trade, keeping the sectoral index up.

The BSE Telecom index was trading 1.01 per cent up at 1,281 around 11:50 am (IST).

Sha

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Market Now: Godrej Properties, DLF boost Nifty Realty index
NEW DELHI: Decent gains in Godrej Properties (up 3.41 per cent) and DLF (up 3.34 per cent) gave a boost to Nifty Realty index in Tuesday's trade.

The Nifty Realty index was trading 1.21 per cent up at 317 around 02:55 pm (IST).

Shares of Phoenix Mills (up 1 per cent), Indiabulls Real Estate (up 0.48 per cent), Brigade Enterprises (up 0.43 per

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Check out the most traded stocks on NSE
NEW DELHI: With 8.39 crore shares changing hands, PC Jeweller led the pack of most traded stocks on NSE on Wednesday.

Firstsource Solutions (4.31 crore) and JP Associates (4.29 crore) were up next.

Reliance Communications (3.36 crore), Shree Renuka Sugars (3.19 crore), Uttam Value Steels (3.01 crore), Sintex Industries (2.67 crore), Federal Bank (2

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Market Now: BPCL, HPCL, IOC keep oil gas index down
NEW DELHI: Losses in BPCL (down 3.39 per cent), HPCL (down 3.34 per cent) and Indian Oil Corporation (down 2.76 per cent) were keeping the BSE Oil - Gas index down during Wednesday's trade.

The BSE Oil - Gas index was trading 1.02 per cent down at 14,377 around 11:30 am (IST).

Shares of Castrol India (down 0.55 per cent), Reliance

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Nikkei rises as banks rally; Takeda up ahead of acquisition news
TOKYO: Japan's Nikkei share average rose on Tuesday as banking stocks rallied while Takeda Pharmaceutical climbed ahead of news the drugmaker had agreed to buy London-listed Shire for $62.42 billion.

The Nikkei ended 0.2 per cent higher to 22,508.69.

Takeda Pharmaceutical and Shire announced after the Tokyo market close the acquisition, which

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Over 75 stocks hit fresh 52-week lows on NSE
NEW DELHI: Bajaj Hindusthan Sugar, D.B.Corp, Eros International Media, Hind Syntex, Housing - Urban Development Corporation and IDFC Bank stood among the 78 stocks that touched their fresh 52-week lows level on NSE on Wednesday.

Alok Industries, Mangalore Refinery and Petrochemicals, Chennai Petroleum Corporation, Vakrangee and Vimal Oil -

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NEW DELHI: PC Jeweller (PCJ), once a darling of foreign investors on Dalal Street, has been on a rollercoaster ride on one or the other rumours, even since a company promoter gifted some shares to some undisclosed relatives.

Allegations about the PCJ's undisclosed business relations with Vakrangee, a company market regulator Sebi has been probing

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Market Now: Aurobindo Pharma, Sun Pharma keep Nifty Pharma index in the red
NEW DELHI: Losses in Piramal Enterprises (down 1 per cent), Biocon (down 0.65 per cent), Aurobindo Pharma (down 0.62 per cent) and Sun Pharma (down 0.53 per cent) were keeping the Nifty Pharma index in the red during Tuesday's trade.

The Nifty Pharma index was trading 0.24 per cent down at 8,754 around 02:45 pm (IST).

However, Cadila Healthcare (

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Over 20 stocks hit fresh 52-week highs on NSE
NEW DELHI: Firstsource Solutions, Gufic Biosciences, Indiabulls Ventures, Quess Corp and Seamec were among the 24 stocks that hit fresh 52-week highs on NSE on Wednesday.

Bombay Dyeing - Mfg Company, Hi-Tech Pipes, KPIT Technologies, Lakshmi Machine Works, Lux Industries, Manappuram Finance and Relaxo Footwears too featured among the stocks

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Market Now: Smallcaps tread in sync with benchmark Sensex
NEW DELHI: In line with benchmark Sensex, the BSE Smallcap index was trading with small gains during Wednesday's trade.

The smallcap index was 0.19 per cent up at 18,143 around 11:20 am (IST), while Sensex was 0.14 per cent up at 35,265. The NSE Nifty50 was 0.11 per cent up at 10,730 around the same time.

Shares of Deccan Gold Mines (up 17.60 per

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In times of market uncertainty, fund mart undergoes overhaul
Across the mutual fund industry, scheme re-categorisation is on in full swing. There will be increased pressure on fund houses and distributors for some time now, as the rebranding and remarketing activity will begin to clutter the mind space. Kotak Mutual fund has already begun to send out necessary communications in this regard and more will be
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Market Now: Titan Company, PC Jeweller keep consumer durables index up
NEW DELHI: Gains in Titan Company (up 1.43 per cent), PC Jeweller (up 0.74 per cent) and VIP Industries (up 0.13 per cent) were keeping the BSE Consumer Durables index up in Wednesday's trade.

The BSE Consumer Durables index was trading 0.33 per cent up at 22,487 around 12:25 pm (IST).

However, shares of Crompton Greaves Consumer Electricals

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E-way bill: All you need to know experiences of the first month
By Anita RastogiIndia has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally managed to successfully roll out the E-way bill system for tracking goods movement under the Goods and Services Tax (GST) from April 1, 2018.

Way bill is not a new phenomenon. It was

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By Venus Feng

When Xiaomi Corp.’s founders were eating millet congee at an office in Beijing’s Zhongguancun neighborhood in 2010, they decided to create a smartphone brand selling handsets at “honest” prices.

Eight years later, Lei Jun and the seven other Xiaomi co-founders have created a company that wants to challenge the global industry

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Dividends and share buybacks are going to become buzzwords on Dalal Street over the next two years, and that will potentially make more money for equity investors than share price appreciation, says one of India’s top fund managers of the last decade.

The 2017-19 will see a collapse of debt-equity structures in Indian corporates, and a very high

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Market Now: Midcaps underperform Sensex; Vakrangee plunges 5%
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during Wednesday's trade.

Around 11:10 am (IST), the BSE Midcap index was 0.27 per cent down at 16,590, while the BSE Sensex was 0.20 per cent up at 35,288. The NSE Nifty50 was 0.12 per cent up at 10,731 around the same time.

Vakrangee (down 4.97 per cent), Dalmia Bharat (down

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Market Now: Metal stocks lose shine; Hindalco, Vedanta among the top drags
NEW DELHI: Most metal - mining stocks were suffering losses during afternoon trade on Tuesday.

Shares of Nalco (down 1.56 per cent), Hindalco Industries (down 0.97 per cent), APL Apollo Tubes (down 0.95 per cent) and Vedanta (down 0.82 per cent) were the top losers in the metal pack.

The Nifty Metal index was trading 0.43 per cent down at

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Top intraday trading ideas for afternoon trade for Wednesday, 9 May 2018
NEW DELHI: The Nifty50 index was trading flat at 10,722 around 12 pm (IST) on Wednesday as gains in IT, metal and auto stocks were offset by losses in bank, pharma and FMCG.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Kunal Bothra, independent market expertJub

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Bond yields jump after RBI revises list of open market ops purchase securities
MUMBAI: India's benchmark 10-year bond yield jumped in early trade on Wednesday after the central bank revised the list of securities it plans to buy back from the market at its open market purchase of debt on May 17.

The Reserve Bank of India on Tuesday removed the 6.84 percent 2022 bonds from the list of government securities that it had

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Coming soon: Bitcoin trades on Wall Street
SAN FRANCISCO: Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.

The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold

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Edelweiss raises Rs 2,000 crore in maiden infra fund
MUMBAI: Edelweiss Financial Services has raised Rs 2,000 crore and made a first close of its maiden fund to buy out infrastructure assets in India as rapid urbanisation and push for sustainable development provide room to financial investors.

The fund, which was launched in January this year, collected in a big way from domestic investors such as

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Aviation stocks mixed as oil tops $76 per barrel
Aviation scrips such as Jet Airways, SpiceJet and IndiGo moved sideways this morning after oil prices shot up in response to the US move to abandon the Iran nuclear accord.

On Wednesday, Brent crude futures for July series soared 2.5 per cent to $76.73 a barrel -- the highest since November 2014.

InterGlobe Aviation, which runs IndiGo, and Jet

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Market Now: Infosys, HCL tech, Wipro keep Nifty IT index down
NEW DELHI: Owing to losses in Infosys (down 1.27 per cent), HCL Technologies (down 0.93 per cent), Wipro (down 0.82 per cent) and Tech Mahindra (down 0.61 per cent), the Nifty IT index was in the red in afternoon trade on Tuesday.

The Nifty IT index was trading 0.23 per cent down at 13,394 around 01:45 pm (IST).

However, KPIT Technologies (up

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