StockMarket

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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Vakrangee comes under Sebi, govt scanner after PwC flags concerns

Authors: Jordan

Auditing major Price Waterhouse has quit audit mandate of technology firm Vakrangee Ltd, flagging concerns to the corporate affairs ministry about the books of accounts, mainly related to its bullion and jewellery business, even as the company denied any irregularities.

The company is also being probed by the Securities and Exchange

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US and China will avoid 'something extremely foolish' on trade: Warren Buffett

Authors: Super User

OMAHA, Nebraska: Billionaire Warren Buffett on Saturday said it is not likely that the United States and China will come to loggerheads on trade, saying the two countries would avoid doing "something extremely foolish."

"The United States and China are going to be the two super-powers of the world, economically and in other

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ICICI Bank goes up 2% ahead of Q4 numbers

Authors: Jordan

NEW DELHI: ICICI Bank rose 2 per cent on Monday ahead of its March quarter results. The stock gained even as some brokerages expect the lender to report 30-35 per cent drop in profit.

The stock went up 1.59 per cent to hit a high of Rs 287.45 on the BSE.

Motilal Oswal Securities sees 32 per cent annual drop in ICICI bottom line,

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Authors: Jordan

The session on Friday saw the corrective action getting extended, as the market continued with its modest slide. The benchmark index Nifty50 continued to fall and ended the day with a loss of 61.40 points or 0.57 per cent.

The session remained relatively less volatile and therefore did not see VIX rising too much. The session

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Warren Buffett says his star stock pickers slightly beat the S P 500

Authors: Super User

By Noah Buhayar and Sonali Basak

Warren Buffett’s top stock-picking deputies have both “slightly” outperformed the S-P 500 Index since they started managing Berkshire Hathaway Inc. funds.

Todd Combs and Ted Weschler, who together oversee about $25 billion, have almost identical performance since they joined, Buffett said

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Ruchi Soya surges 15% as Patanjali Ayurved leads buyout race

Authors: Jordan

Shares of Ruchi Soya Industries advanced as much as 15 per cent in early trade on Monday after reports that Baba Ramdev-led Patanjali Ayurved is said to have made the highest offer for the debt-ridden edible oil and soya foods maker that is undergoing bankruptcy process.

Ruchi Soya faces claims of Rs 12,000 crore and was pushed into

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Notes from Omaha: Inside the mind of Warren Buffett

Authors: Jordan

The shareholders of Berkshire Hathaway gathered on Saturday at the company’s annual general meeting, the "Woodstock for Capitalists”. Legendary investors Warren Buffett and Charlie Munger addressed 42,000-strong gathering at the Century Link Convention Centre in Omaha, Nebraska.

The meeting celebrates the successes of the empire

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Berkshire shares up 302% in 15 years; this is what Buffett plans to do now

Authors: Super User

Warren Buffett, legendary investor and Chairman and CEO of Berkshire Hathaway, says his company will continue to figure out effective ways of returning capital to shareholders.

Class A shares of Berkshire Hathaway have multiplied investors’ wealth by four times (up 302 per cent) in last 15 years. The scrip rallied to $2,92,600 a

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Market Now: Cyient, Jubilant Foodworks race to fresh 52-week highs

Authors: Jordan

NEW DELHI: As many as 15 stocks, including Cyient, HIL, Hi-Tech Pipes, Intellect Design Arena, Jubilant Foodworks, Khadim India, Pfizer and Merck, made fresh 52-week highs their new home on the NSE on Monday.

However, more than 70 scrips, including HPCL, IDFC Bank, Strides Shasun, and Vakrangee, moved down to touch fresh 52-week

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Why Warren Buffett and Elon Musk are fighting over candies

Authors: Jordan

By Katherine Chiglinsky, Noah Buhayar and Sonali BasakElon Musk recently took aim at the idea a successful business needs a “moat” -- a competitive advantage that keeps rivals at bay. The pace of innovation, he said, is more important in the long run.

On Saturday, Warren Buffett and his business partner, Charles Munger, shot back.

“E

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Gems of wisdom from Buffet: We do dumb things, itimportant to come out stronger

Authors: Super User

Legendary investor Warren Buffett says he enjoys teaching. And as is his wont, he brings in his wisdom from years of experience in investing even to respond to common questions around current issues and Berkshire's own affairs and investment decisions.

As he held court with Berkshire shareholders at Omaha on Saturday, Buffett lib

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Market Now: Over 65 stocks defy positive market mood, hit fresh 52-week lows

Authors: Jordan

NEW DELHI: Over 65 stocks including HPCL, IDFC Bank, Strides Shasun, and Vakrangee hit fresh 52-week lows on NSE on Monday despite broader market sentiments appeared positive.

Agarwal Industrial Corporation, Austral Coke - Projects, Can Fin Homes, Mawana Sugars, TV Vision and Uttam Value Steels too featured among stocks that

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FPI outflows hit 16-month high at Rs 15,500 crore in April

Authors: Jordan

NEW DELHI: Foreign investors have pulled out over Rs 15,500 crore from the Indian capital market in April, making it the steepest outflow in 16 months, due to surge in global crude prices and rise in yields of government securities here.

This comes after an inflow of Rs 11,654 crore in equities in March and an outflow of over Rs

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NSE still in talks with SGX on Nifty contracts, but CEO won&t say much

Authors: Super User

NSE Chief Executive Officer Vikram Limaye on Saturday said the bourse was still in talks with the Singapore Exchange on the Nifty derivative contracts that the overseas bourse is planning to launch next month.

In an interview with ETNow, Limaye said it is too premature to talk anything about it.

NSE is ending the licensing of

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Market Now: Over 65 stocks defy positive market mood, hit fresh 52-week lows

Authors: Jordan

NEW DELHI: Over 65 stocks including HPCL, IDFC Bank, Strides Shasun, and Vakrangee hit fresh 52-week lows on NSE on Monday despite broader market sentiments appeared positive.

Agarwal Industrial Corporation, Austral Coke - Projects, Can Fin Homes, Mawana Sugars, TV Vision and Uttam Value Steels too featured among stocks that

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Four of top 10 firms add Rs 39,603 crore in m-cap

Authors: Jordan

NEW DELHI: Four of the top-10 most valued Indian companies together added Rs 39,603.27 crore in market valuation last week, with HDFC Bank emerging as the biggest gainer.

Tata Consultancy Services (TCS), HDFC Bank, HDFC and Kotak Mahindra Bank were the gainers, while Reliance Industries Ltd (RIL), ITC, HUL, Maruti Suzuki India, Infos

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At times there'll be tensions between China US but it is a win-win situation when the world trades: Warren Buffett

Authors: Super User

NEW YORK: Billionaire investor Warren Buffett and Berkshire Hathaway Inc Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's annual meeting in Omaha, Nebraska.

The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration

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Market Now: Pharma stocks in pain; Lupin plunges over 3%

Authors: Jordan

NEW DELHI: Most pharma stocks including Lupin (down 3.15 per cent), Dr. Reddy's Laboratories (down 1.79 per cent) and Aurobindo Pharma (down 1.71 per cent) were suffering losses during the early trade on Monday, keeping the sectoral index down.

The Nifty Pharma index was trading 1.2 per cent down at 8,712 around 10:40 am (IST).

Shar

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Karnataka polls, Q4 earnings among 7 key factors that will guide market next week

Authors: Jordan

NEW DELHI: The domestic equity market ended on a negative note last week, thus posting its first weekly loss in six weeks. Subdued global cues and heavy selling in IT and pharma stocks weighed on investor sentiment.

The S-P BSE Sensex ended 0.15 per cent lower for the week at 34,915, while the NSE Nifty settled at 10,618, down

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Oracle of Omaha still waiting for a value buy, looking at China too

Authors: Super User

Legendary investor Warren Buffett on Saturday said his phone has not been ringing with good deals.

Buffett-led Berkshire Hathaway has been sitting on a heap of idle cash and short-term treasury bills worth $116 billion.

“Cheap money has been fuelling mergers and acquisitions and Berkshire has stayed away largely of late. B

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Vakrangee hits 5% lower circuit limit as PwC flags concerns

Authors: Jordan

NEW DELHI: Shares of technology firm Vakrangee hit 5 per cent lower circuit limit in Monday's trade after auditing major Price Waterhouse quit audit mandate of the firm, flagging concerns to the corporate affairs ministry about the books of accounts, mainly related to its bullion and jewellery business.

The stock fell 5 per cent to

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Buffett says Berkshire's first dibs on deals will outlast him

Authors: Jordan

By Katherine Chiglinsky and Noah Buhayar

If a major company needs capital or a private firm wants to sell, Warren Buffett’s checkbook is often the one they seek out.

Will that stay the case when it’s someone else’s signature

That was the question from several Berkshire Hathaway Inc. shareholders at the firm’s annual meeting S

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Saving early more important than IQ: Buffett tells youth

Authors: Super User

Warren Buffett, the Oracle of Omaha, says saving early is more important than IQ for a young person.

In an interview with Yahoo! Finance, Buffett said he himself started saving very early in life and it really paid off.

He once again called index funds the best form of equity investing. “If you consistently stick with them over d

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View: RBI's search for easy answers could soon leave India with some very hard choices

Authors: Jordan

Central banks are not known to be trigger happy. RBI is no exception. Indeed, it has often been criticised for being much too cautious, especially when it comes to loosening its grip on capital account transactions with the rest of the world.

So, what explains the sudden move to liberalise investment by foreign portfolio investors

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Warren Buffett craves more Apple shares, endorses its buybacks

Authors: Jordan

OMAHA: Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price.

At Berkshire Hathaway Inc's annual shareholder meeting, Buffett credited Apple with developing "extremely sticky" products to which consumers become attached and endorsed

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Berkshire AGM a great place to revise investing principles, say top investors

Authors: Super User

As a 42,000-strong crowd waited to hear out Warren Buffett (87), the god for investing, address the Berkshire AGM at Omaha together with his partner Charlie Munger (94), there were several big names from the investing world in the audience.

So what is special in this AGM that attracts investors, teachers and shareholders from

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Apple and Buffett saw value, and acted

Authors: Jordan

SAN FRANCISCO: Apple Inc was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway at the same time.

Between them - the two biggest players in the iPhone maker's shares - they bought nearly one of every 10

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Why Apple and not Microsoft Buffett reveals the trade secret

Authors: Jordan

Billionaire investor Warren Buffett, the world’s third richest man, recently showed confidence on Apple and bought an additional 75 million shares during the first three months of this year.

At the Berkshire Hathaway annual shareholders’ meeting on Saturday, Buffett was quizzed on his Apple bets and why he didn’t look at other tec

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Berkshire operating profit soars, accounting change causes net loss

Authors: Super User

OMAHA: Berkshire Hathaway Inc on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss.

The results were released on the same day Berkshire is holding its annual meeting in Omaha, Nebraska, where

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