StockMarket

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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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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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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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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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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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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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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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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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: 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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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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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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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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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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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: 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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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: 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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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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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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