StockMarket

China stocks rise as Sino-US trade talks set to resume
SHANGHAI: China stocks posted robust gains on Tuesday, amid hopes that resumption of Sino-US talks could help avert a trade war, while the impending MSCI inclusion of China shares rekindled interest in blue-chips.

The blue-chip CSI300 index rose 1.2 per cent to 3,878.68, while the Shanghai Composite Index gained 0.8 per cent to 3,161.50.

The

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Inox Leisure Q4 profit at Rs 58 crore

Authors: Super User

MUMBAI: The last quarter of the financial year 2017-18 has spread cheer for multiplexes. After PVR, Inox Leisure has also posted its one of the most profitable Q4 results in the company’s history.

Inox’s PAT stood at Rs 57.7 crore for the quarter ended March 31, 2018, compared to Rs 30 lakh in the year ago period.

Revenue from

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15 popular stocks that eroded Rs 4,00,000 crore investors& wealth so far in 2018

Authors: Jordan

Stocks from across sectors, including dozens of popular names, have seen wild swings in their fortunes in 2018.

While more than 85 stocks have rallied over 50 per cent in the first four months of the calendar, some names like PC Jewellers, Vakrangee and Gitanjali Gems have encountered major headwinds and fallen like a pack of cards.

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Market Now: FMCG stocks mixed; HUL, ITC trade with nominal gains
NEW DELHI: FMCG stocks were trading mixed during afternoon trade on Tuesday.

The Nifty FMCG index was trading 0.12 per cent up at 28,622 around 01:35 pm (IST).

Shares of Godrej Consumer Products (up 1.07 per cent), Jubilant Foodworks (up 0.65 per cent), ITC (up 0.55 per cent), Godrej Industries (up 0.34 per cent), Hindustan Unilever (up 0.12 per

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Authors: Super User

NEW DELHI: Headline indices Sensex and Nifty logged solid gains on Monday on the back of firm global cues and heavy buying in industry heavyweights RIL, ICICI Bank and ITC.

The S-P BSE Sensex rallied 293 points, or nearly 1 per cent, to 35,208, while NSE’s Nifty50 index added 97.25 points, or 0.92 per cent, to 10,715.

Here’re

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Market Now: BSE Smallcap index outperforms benchmark Sensex; PC Jeweller, Ruchi Soya Industries among top gainers

Authors: Jordan

NEW DELHI: The BSE Smallcap index was outperforming benchmark Sensex during Monday's trade.

Around 11:30 am (IST), the BSE Smallcap index was 0.50 per cent up at 18,082, while the BSE Sensex was 0.31 per cent up at 35,025. The NSE Nifty50 was 0.32 per cent up at 10,653 around the same time.

Shares of PC Jeweller (up 31.28 per

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European shares flat, investors brace for Trump's Iran deal decision
LONDON: European shares opened broadly flat on Tuesday as investors prepared for Donald Trump's decision on whether to withdraw the US from the Iran nuclear deal, a move which could disrupt global oil supply.

At 0738 GMT, the pan-European STOXX 600 index was down 0.05 per cent with a flurry of first-quarter corporate earnings and mergers and

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ICICI Bank board to discuss Videocon loan issue on Tuesday: 7 key takeaways

Authors: Super User

ICICI Bank on Monday reported around 50 per cent fall in bottom line for the quarter ended March 2018 as provisions for bad loans more than doubled.

The lender posted a standalone net profit of Rs 1,020 crore for the quarter under review against Rs 2,024.64 crore posted for the same quarter last year. Analysts in an ETNow poll

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Market Now: BSE Smallcap index outperforms benchmark Sensex; PC Jeweller, Ruchi Soya Industries among top gainers

Authors: Jordan

NEW DELHI: The BSE Smallcap index was outperforming benchmark Sensex during Monday's trade.

Around 11:30 am (IST), the BSE Smallcap index was 0.50 per cent up at 18,082, while the BSE Sensex was 0.31 per cent up at 35,025. The NSE Nifty50 was 0.32 per cent up at 10,653 around the same time.

Shares of PC Jeweller (up 31.28 per

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Market Now: Power stocks mixed; Suzlon Energy, JSW Energy crack over 4%
NEW DELHI: Power stocks Suzlon Energy (down 4.36 per cent), JSW Energy (down 4.16 per cent), Reliance Infrastructure (down 1.87 per cent) and Tata Power Company (down 1.35 per cent) were suffering losses during afternoon trade on Tuesday, keeping the sectoral index down.

However, gains in PTC India (up 5.03 per cent), ABB India (up 0.92 per cent),

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DSP group to buy out Blackrock40% stake in DSP Blackrock MF

Authors: Super User

Mumbai: DSP Group will be buying out BlackRock’s 40 per cent stake in DSP BlackRock Investment Managers. The firm is proposed to be known as DSP Investment Managers and DSP BlackRock Mutual Fund is proposed to become DSP Mutual Fund, subject to regulatory approvals.

DSP BlackRock is a joint venture between the DSP Group and

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Authors: Jordan

Investing is basically spread across two schools of thought: on price movement and how to predict it. The fundamentalist concentrate on determining the value of a company to make a successful investment. On the other hand, technicians base their predictions on historical price movements, with the core belief that all positive and
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Market Now: Consumer Durables index down 1%; PC Jeweller, Rajesh Exports top drags
NEW DELHI: Heavy losses in PC Jeweller (down 11.90 per cent) weighed on BSE Consumer Durables index during afternoon trade on Tuesday.

The BSE Consumer Durables index was trading 0.97 per cent down at 22,376 around 01:15 pm (IST).

Rajesh Exports (down 2.86 per cent), Whirlpool of India (down 1.41 per cent), Crompton Greaves Consumer Electricals

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Authors: Super User

NEW DELHI: ICICI Bank, India’s largest private sector lender by assets, on Monday reported 49.62 per cent YoY drop in standalone profit at Rs 1,020 crore for March quarter on sharp rise in provisions for the bad loans.

The profit number was better than Rs 980 crore estimated by analysts in an ETNow poll. The bank had reported

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Market Now: Nifty IT index choppy; Tata Elxsi, TCS fall

Authors: Jordan

NEW DELHI: The Nifty IT index was trading choppy during Monday's trade.

Around 11:15 am (IST), the Nifty IT index was trading 0.15 per cent down at 13,433 with Tata Elxsi (down 2.49 per cent) and Tata Consultancy Services (down 1.10 per cent) as the top losers.

Shares of Tech Mahindra (down 0.31 per cent), KPIT Technologies (down

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Market Now: BSE Capital Goods index slips 1%; Suzlon Energy, L T among the top drags
NEW DELHI: The BSE Capital Goods index was trading 0.95 per cent down at 19,148 around 01:05 pm (IST), with Suzlon Energy (down 3.98 per cent), Welspun Corp (down 2.27 per cent) and Larsen - Toubro (down 1.68 per cent) as the top losers.

BHEL (down 1.36 per cent), GE T-D India (down 1.15 per cent), Havells India (down 0.52 per cent) and

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Pfizer posts 54% YoY rise in Q4 profit at Rs 104 crore

Authors: Super User

Pfizer posts 54% YoY rise in Q4 profit at Rs 104 crore

Pfizer on Monday posted 53.60 per cent year-on-year rise in profit at Rs 104.51 crore for the quarter ended March 31. It had posted a net profit of Rs 68.04 crore in the corresponding quarter last year.

Revenue of the drug firm increased 14.73 per cent to Rs 519.95 crore

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Market Now: Axis, YES, ICICI Bank lift Nifty Private Bank index

Authors: Jordan

NEW DELHI: Select private bank stocks Axis Bank (up 1.91 per cent), Federal Bank (1.55 per cent), YES Bank (1.10 per cent), ICICI Bank (0.87 per cent) and South Indian Bank (0.39 per cent) propped up the sectoral index.

The Nifty Private Bank index was trading 0.40 per cent up at 14,715 around 11:10 am (IST) on Monday.

However,

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Authors: Super User

The domestic equity market on Monday made a buoyant start to the week. The market opened on expected lines with modest gains and traded in a range in the first half of the session. We saw further strength coming in in the second half of the day.

The benchmark Index Nifty50 finally ended the day with a decent gain of 97.25 points

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TCS, Tech Mahindra, HCL Tech keep Nifty IT index down

Authors: Super User

NEW DELHI: Losses in Tata Consultancy Services (down 1.72 per cent), Tata Elxsi (down 1.70 per cent), Tech Mahindra (down 0.79 per cent) and HCL Technologies (down 0.18 per cent) weighed on Nifty IT index on Monday.

The Nifty IT index closed Monday's session 0.21 per cent down at 13,425.

However, shares of Wipro (up 1.80 per

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Authors: Jordan

ET Intelligence Group: Investors’ interest may return to the stock of Cummins India Limited (CIL), an Indian subsidiary of Cummins Inc and maker of engines and genset, because of fading concerns of margin dilution due to outsourcing to group-related companies and diminishing competitive intensity in higher horsepower (HHP) engines
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Authors: Super User

By Tara Lachapelle

Another Berkshire Hathaway Inc. annual meeting is in the books. The masters of ceremony, Warren Buffett and Charlie Munger, were as sage, humorous and optimistic about America’s future as ever.

But seeing them up there in front of shareholders, it was hard not to be reminded of the fact that the beloved

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Tech view: Nifty50 forms a bullish candle; may rally once above 10,780

Authors: Super User

NEW DELHI: The bulls were in driver’s seat on Dalal Street on Monday, and helped the Nifty50 zip past the 10,700 level.

In the process, the index formed a bullish candle on the daily chart. If the index breaks above 10,780, a big rally could be in the offing, analysts said.

The index recouped losses seen in the previous two

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Avenue Supermarts tanks 4% on Q4 earnings

Authors: Jordan

NEW DELHI: Stock of Avenue Supermarts, the parent of hyper retail chain D-Mart, fell 4 per cent on Monday even as the company reported 73 per cent annual rise in net profit at Rs 167 crore for the March quarter.

The food and grocery retailer reported Rs 167 crore profit for January-March against Rs 97 crore in the year-ago period.

It

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Oil, technology shares drive gains on Wall Street

Authors: Super User

US stocks rose on Monday as oil prices hit $70 per barrel for the first time since November 2014, while those in technology companies rose led by second day of gains for Apple.

The S-P energy index was the biggest gainer among the 11 major S-P sectors, rising 2 percent, as U.S. crude was boosted by Venezuela's deepening

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Nifty Pharma pares some loss; Divi's Lab, Aurobindo Pharma close the day in the green

Authors: Super User

NEW DELHI: The Nifty Pharma index pared some of its losses in the afternoon session on Monday and closed the day 0.49 per cent down at 8,774.

Lupin (down 2.73 per cent) remained the top loser in the Nifty Pharma index, followed by Glenmark Pharmaceuticals (down 1.91 per cent), Dr. Reddy's Laboratories (down 1.76 per cent), Cipla

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Authors: Jordan

ET Intelligence Group: After hitting a low of Rs 153.5 on March 20, the stock of L-T Finance Holdings has since gained 12 per cent till May 3. On Friday, it further gained 2.7 per cent after the company reported stellar numbers for the March quarter and for FY18. The stock is expected to sustain the momentum considering the
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Cognizant raises lower-end of 2018 guidance; digital now 29% of revenue

Authors: Super User

Cognizant raised the lower-end of its full-year revenue guidance and said it had generated double-digit growth in the first quarter, as it focuses on digital technologies to drive its business.

The Teaneck, New Jersey-headquartered company expects 2018 revenue of $16.05 billion to $16.30 billion, implying growth of 8-10% in

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F O: Nifty negates lower highs lower lows as buying emerges

Authors: Super User

By Chandan TapariaThe Nifty index opened in the positive and sustained buying was seen throughout the session before the index settled near the day’s high point.

It finally negated formation of lower highs and lower lows on the daily scale and formed a bullish candle, which suggested buying at lower levels. As long as Nifty

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Market Now: PSU bank stocks rise; BoI, BoB top gainers

Authors: Jordan

NEW DELHI: Most PSU bank stocks jumped on Monday on reports that the Reserve Bank of India (RBI) is likely to give banks some leeway in accounting for their losses in government securities, potentially saving them hundreds of crores in provisions.

A majority of them ruled higher.

The Nifty PSU Bank was trading 1.3 per cent up at

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