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Market Now: Telecom index down; top drag RCom plunges 4%
NEW DELHI: The BSE Telecom index was trading 0.52 per cent down at 1,296 around 01:30 pm (IST) on Monday, with shares of Reliance Communications (down 4.09 per cent) and GTL Infrastructure (down 3.83 per cent) as top drags.

Shares of Bharti Infratel (down 2.21 per cent), OnMobile Global (down 2 per cent), Tata Teleservices (Maharashtra) (down 1.73

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Market Now: Nifty Realty index in the green; IB Real Estate jumps 3%
NEW DELHI: The Nifty Realty index was trading 0.72 per cent up at 320 around 12:30 pm (IST) on Monday, backed by gains in shares of Indiabulls Real Estate (up 2.81 per cent) and Oberoi Realty (up 2.03 per cent).

Shares of Prestige Estates Projects (up 1.35 per cent), Brigade Enterprises (up 0.57 per cent), Sobha (up 0.39 per cent), Godrej

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PC Jeweller surges 14% on share buyback proposal
NEW DELHI: Shares of PC Jeweller soared 14 per cent in Monday's trade after the company said its board will meet on May 25 to consider a share buyback proposal.

A share buyback proposal suggests that the promoters feel the value the market is ascribing to the underlying business of the company is lower than what it should be.

The news put a

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Australian shares firm to seven-week high as financials rally; NZ rises
Australian shares advanced to a seven-week high on Monday, led by broad based gains, with banks being the dominant contributor.

The S-P/ASX 200 index rose 0.5 per cent or 29.10 points to 5,982.70 at the close of trade. The benchmark added 0.7 per cent on Friday.

Banks were seeing a relief rally after the resignation of wealth manager AMP's

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Market Now: Pharma stocks up; Biocon, Lupin among top gainers
NEW DELHI: Pharma stocks Biocon (up 1.54 per cent), Lupin (up 1.40 per cent) and Dr. Reddy's Laboratories (up 1.23 per cent) were trading with gains of over 1 per cent during afternoon trade on Monday, keeping the sectoral index up.

The Nifty Pharma index was trading 0.69 per cent up at 9,049 around 12:20 pm (IST).

Shares of Cipla (up 1 per

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Market Now: Nifty IT index climbs over 1%; HCL Tech, TCS among top gainers
NEW DELHI: The Nifty IT index was trading 1.38 per cent up at 13,985 around 10:10 am (IST) on Monday, backed by gains in shares of Mindtree (up 3.45 per cent), KPIT Technologies (up 3.41 per cent), HCL Technologies (up 1.67 per cent) and Tata Consultancy Services (up 1.67 per cent).

Shares of Wipro (up 1.39 per cent), Infosys (up 1.19 per cent), Ta

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Australian shares firm to seven-week high as financials rally; NZ rises
Australian shares advanced to a seven-week high on Monday, led by broad based gains, with banks being the dominant contributor.

The S-P/ASX 200 index rose 0.5 per cent or 29.10 points to 5,982.70 at the close of trade. The benchmark added 0.7 per cent on Friday.

Banks were seeing a relief rally after the resignation of wealth manager AMP's

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Hold LIC Housing Finance, target Rs 600: ICICI Direct - The Economic Times

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Neutral on Bharti Infratel, target Rs 346: Motilal Oswal Securities
Motilal Oswal Securities has a neutral call on Bharti Infratel Ltd. with a target price of Rs 346.. The current market price of Bharti Infratel Ltd. is Rs 319.8 Time period given by the analyst is a year when Bharti Infratel Ltd. price can reach defined target.

Bharti Infratel Ltd., incorporated in the year 2006, is a large-cap company with a

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Market Now: RIL, IGL keep BSE Oil Gas index down
NEW DELHI: Losses in Reliance Industries (down 2.45 per cent), Indraprastha Gas (down 1.15 per cent) and Indian Oil Corporation (down 0.80 per cent) were keeping the BSE Oil - Gas index down during the afternoon trade on Monday.

The BSE Oil - Gas index was trading 0.77 per cent down at 14,474 around 01:20 pm (IST).

Castrol India (down 0.61

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By Vrishti Beniwal and Christopher AnsteyIndia’s $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement -- from the nation’s pension regulator.

“We are pressing the government to increase the equity proportion for government employees, and expect a favorable response very soon,” from the Finance Ministry, Hem

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Maruti Suzuki, which sells one of every two cars running on Indian roads, should continue to draw investors. Its March quarter performance included several one-off expenditure items, but excluding those that wouldn’t recur, profits at the country’s biggest carmaker exceeded Bloomberg consensus estimates by 7 per cent.

Three line items in the March

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Market Now: Midcap index in sync with Sensex; Tata Chemicals up 5%
NEW DELHI: The BSE Midcap index was trading in sync with benchmark Sensex during afternoon trade on Monday.

The index was 0.55 per cent up at 17,010 around 01:05 pm (IST), while the BSE Sensex was 0.60 per cent up at 35,180. The NSE Nifty index was 0.54 per cent up at 10,750 around the same time.

Shares of Tata Chemicals (up 4.89 per cent), Kansai

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By Vrishti Beniwal and Christopher AnsteyIndia’s $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement -- from the nation’s pension regulator.

“We are pressing the government to increase the equity proportion for government employees, and expect a favorable response very soon,” from the Finance Ministry, Hem

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Market Now: These stocks defy positive market mood, crack up to 10%
NEW DELHI: Shares of LCC Infotech (down 10 per cent), Lasa Supergenerics (down 9.33 per cent), Bhushan Steel (down 8.77 per cent) and Videocon (down 7.96 per cent) cracked up to 10 per cent during Monday's trade in an otherwise positive market.

Stocks such as Srikalahasthi Pipes Limited (down 7.20 per cent), BS Ltd (down 6.25 per cent), Reliance

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Kotak Mahindra Bank Q4 results; key things to watch out for
NEW DELHI: Kotak Mahindra Bank is expected to post 16-19 per cent yearly rise in net profit for the March quarter. Net interest income is expected to come in single digits. The private lender will report stable asset quality, say experts.

Brokerage Sharekhan expects the bank to report net interest income (NII) of Rs 2,543 crore for the March

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Market Now: Nifty PSU Bank index rises 2%; BoB, SBI among top gainers
NEW DELHI: Majority of PSU bank stocks including Bank of Baroda (up 2.55 per cent), State Bank of India (up 2.29 per cent) and Bank of India (up 2.25 per cent) were trading with gains during the early trade on Monday.

The Nifty PSU Bank index was trading 2.02 per cent up at 2,872 around 10:20 am (IST).

Shares of Indian Bank (up 1.94 per cent), Pun

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Buy Mahindra CIE Automotive, target Rs 280: Geojit

Disclaimer: This recommendation is analyst's own . Please consult your financial advisor before taking any position in the stock/s mentioned.

 
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Market Now: BSE Smallcap index in the green; Soril Infra jumps over 17%
NEW DELHI: The BSE Smallcap index was trading 0.71 per cent up at 18,370 around 12:55 pm (IST).

Shares of Soril Infra Resources (up 17.34 per cent) and Moschip Semiconductor Technology (up 15.90 per cent) zoomed over 15 per cent in the smallcap index.

Stocks such as Merck (up 10.25 per cent), Selan Exploration Technology (up 10 per cent), Pioneer

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Market Now: Nifty PSU Bank index rises 2%; BoB, SBI among top gainers
NEW DELHI: Majority of PSU bank stocks including Bank of Baroda (up 2.55 per cent), State Bank of India (up 2.29 per cent) and Bank of India (up 2.25 per cent) were trading with gains during the early trade on Monday.

The Nifty PSU Bank index was trading 2.02 per cent up at 2,872 around 10:20 am (IST).

Shares of Indian Bank (up 1.94 per cent), Pun

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NSE seeks US regulatory nod for GIFT derivatives
India’s largest stock exchange NSE has approached the top US derivatives regulator for approval of its futures and options contracts that will be traded at the Gujarat International Finance Tech (GIFT) City. The move is aimed at getting American investors to trade in the contracts at the emerging financial centre after Indian exchanges jointly
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Top investors Kela, Damani, Kedia, Andrade find new money spinner beyond main market
Today’s small and medium enterprises (SMEs) are tomorrow’s midcaps or largecaps in the making.

They are fast emerging hunting grounds for yield-hungry ultra-rich investors, and even some mutual funds, as an indecisive stock market dries up options in the mainstream market.

Available data shows several well-known names and value investors from

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Easier ECB norms a boost for HFCs
MUMBAI: Simplification of external commercial borrowing (ECB) guidelines has opened a new window of funding for home finance companies and port operators in India, increasing the prospects of a fresh round of overseas borrowings.

In a notification posted on its website on Friday, the Reserve Bank of India made all-in-cost ceiling for ECBs uniform

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Buy Wipro, target Rs 315: ICICI Direct
ICICI Direct has a buy call on Wipro Ltd. with a target price of Rs 315.0. The current market price of Wipro Ltd. is Rs 280.15 Time period given by analyst is a year when Wipro Ltd. price can reach defined target.

Wipro Ltd., incorporated in the year 1945, is a largecap company with a market cap of Rs 134030.44 Crore) operating in Information

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Top investors Kela, Damani, Kedia, Andrade find new money spinner beyond main market
Today’s small and medium enterprises (SMEs) are tomorrow’s midcaps or largecaps in the making.

They are fast emerging hunting grounds for yield-hungry ultra-rich investors, and even some mutual funds, as an indecisive stock market dries up options in the mainstream market.

Available data shows several well-known names and value investors from

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10 stock ideas brokerages are recommending for next 3 weeks
NEW DELHI: Strong corporate earnings helped the domestic equity market log weekly gains for the fifth consecutive period last week. The S-P BSE Sensex rose 1.6 per cent for the week to settle at 34,970 while NSE's Nifty50 added 1.2 per cent to shut shop at 10,692.

Going ahead, the focus would be on corporate earnings, bond yields (US as well as

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NEW DELHI: Shares of Reliance Industries fell nearly 2 per cent in Monday's trade as experts remained mixed on the company's prospects following its fourth quarter results on Friday. While some analysts expect a 16 per cent upside in the stock in the near future, some forecast 7 per cent downside, ET reported.

The lender on Friday reported Rs

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Market Now: Nifty Bank index up; YES Bank surges over 4%
NEW DELHI: Gains in YES Bank (up 4.17 per cent), Bank of Baroda (up 2.69 per cent) and State Bank of India (up 1.65 per cent) were keeping the Nifty Bank index up during afternoon trade on Monday.

The Nifty Bank index was trading 0.69 per cent up at 25,569 around 12:40 pm (IST).

Shares of Punjab National Bank (up 1.50 per cent), Kotak Mahindra

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ICICI Direct has hold call on Oberoi Realty Ltd. with a target price of Rs 550. The current market price of Oberoi Realty Ltd. is Rs 566. Time period given by analyst is year when Oberoi Realty Ltd. price can reach defined target.

Oberoi Realty Ltd., incorporated in the year 1998, is a largecap company with a market cap of Rs 18520.21 crore,

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DLF may launch QIP in June to raise over Rs 4,000 crore
NEW DELHI: India's largest realty firm DLF plans to launch QIP in June for raising Rs 4,000-4500 crore through sale of shares to institutional investors as part of its objective to become debt free company.

The company plans to issue up to 17.3 crore shares through Qualified Institutional Placement (QIP).

According to sources, the company is

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