StockMarket

Indian equity market followed up positive closing of the expiry day on Friday. The market saw a gap up opening with a renewed vigor, sustained it all throughout the day and the Nifty ended the day with gains of 74.50 points or 0.70 per cent. We enter into a truncated week with Tuesday being a trading holiday. Barring some more consolidation, we
Details
Category: Stock Market

Write comment (96 Comments)

Idea posts 4Q net loss of Rs 930 crore
Idea Cellular posted a lower-than-expected net loss in the fiscal fourth quarter, helped by lower costs and a higher other income, but the continuing price war and cut in interconnect and international termination rates dragged the telco to its sixth straight quarter in the red.

For the January-March quarter, the Kumar Mangalam Birla-owned telco’s

Details
Category: Stock Market

Write comment (99 Comments)

BSE chairman among those named by CBI in IDBI case
NEW DELHI: Among those named by CBI in its FIR registered against former Aircel promoter C Sivasankaran and his companies in the IDBI Bank Rs 600 crore loan fraud include the chairman of Bombay Stock Exchange, S Ravi, and former CMD of Bank of Baroda, P S Shenoy.

Ravi, according to his biodata on BSE website, is an independent director and

Details
Category: Stock Market

Write comment (97 Comments)

New SIP registrations up 92% in FY18: CAMS Asset Management
CHENNAI: Increase in investor awareness and confidence in mutual funds have contributed to a 92 per cent rise in registrations of new Systematic Investment Plan in the last financial year, a top official of CAMS Asset Management Services said.

A Systematic Investment Plan allows customers to invest in mutual funds, creating wealth over a long

Details
Category: Stock Market

Write comment (96 Comments)

BOE rate-hike forecasts dumped as growth shock proves last straw
By David Goodman, Jill Ward and Lucy Meakin

Economists abandoned predictions that the Bank of England will increase interest rates next month after two weeks of disappointing data and the public doubts of Mark Carney.

The shock near-stagnation of the economy proved the final straw after the BOE governor raised questions about such a move last week.

Details
Category: Stock Market

Write comment (99 Comments)

KOLKATA|MUMBAI: Private sector lender Axis Bank is facing another Rs 9,000 crore of vulnerable loans which may spoil the lender’s financials in the next two quarters, analysts tracking the banking sector believe.

The third largest private lender reported its worst ever quarterly earnings Thursday while providing record sums of money to cover

Details
Category: Stock Market

Write comment (92 Comments)

Foreign brokerages evince interest to set up operations in IFSC
NEW DELHI: Several leading foreign brokerages have evinced interest in setting up operations in international financial services centre (IFSC) at Gift City, stock exchange officials said.

However, none of them has so far received markets regulator Sebi's go-ahead, they added.

India International Exchange (INX), a subsidiary of BSE, started its

Details
Category: Stock Market

Write comment (95 Comments)

The domestic equity market made modest advance during the week gone by, as the Nifty50 index inched higher and ended the week gaining 128.25 points, or 1.21 per cent on a weekly basis.

Volatility was less-than-expected and the market showed no sign of any corrective move, barring a few rangebound and slightly volatile oscillations. April series

Details
Category: Stock Market

Write comment (100 Comments)

Reliance Industries clocked record profits of Rs 9,435 crore in the fourth quarter of fiscal 2018, up 17 per cent, on higher margins from its petrochemicals, retail and digital services businesses. This indicates that RIL makes around Rs 105 crore a day. Higher earnings from petrochemicals, retail and digital services businesses helped the company
Details
Category: Stock Market

Write comment (95 Comments)

What I read this week: Why S P 500 companies' lifespans are shrinking; Ways to opt out of financial sorting game
The average tenure of companies on the S-P 500 will shrink from 33 years to just 12 years by 2027. A gale force warning to leaders - at the current churn rate, about 50 per cent of S-P 500 companies will be replaced over the next ten years.

There is an interesting article on why investing is a domain ripe for comparison because of all the

Details
Category: Stock Market

Write comment (92 Comments)

PCJ, Axis Bank and TCS among stocks that made headlines this week on D-Street
Domestic institutional investors played ball and global indicators remained in good shape this week. The feel-good factor rubbed off on benchmark stock indices as both Sensex and Nifty settled at their highest weekly level in 12 weeks.

For the week through April 27, the 30-share BSE Sensex pack rallied 554 points, or 1.61 per cent, to 34,970. The

Details
Category: Stock Market

Write comment (92 Comments)

ET INTELLIGENCE GROUP: Investors in Reliance Industries (RIL), India’s biggest private company by profit, will likely watch one key metric while assessing Jio’s future valuations: Its return on capital employed (RoCE).

The telecom arm of the company owned by India’s richest man, Mukesh Ambani, has been at the vanguard of a data revolution in the

Details
Category: Stock Market

Write comment (92 Comments)

FPIs withdraw over Rs 15,500 crore on rising crude prices, US-China trade relations
NEW DELHI: Foreign investors have pulled out more than Rs 15,500 crore from the Indian capital markets so far this month due to weak rupee, surge in global crude prices and uncertainty over US-China trade relations.

This comes following an inflow of Rs 11,654 crore in equities last month and an outflow of over Rs 9,000 crore from the debt markets.

Details
Category: Stock Market

Write comment (91 Comments)

Idea Cellular Q4 net loss widens to Rs 962 crore
NEW DELHI: Idea Cellular on Saturday reported a three-fold rise in consolidated net loss at Rs 962.20 crore for the quarter ended March 2018.

The telecom firm had posted a net loss of Rs 327.70 crore in the same quarter last year.

Total income slipped 22 per cent year-on-year to Rs 6,387.70 crore during the quarter under review. The figure stood

Details
Category: Stock Market

Write comment (94 Comments)

Bitcoin frenzy settles down as big players muscle into market
LONDON/NEW YORK/SINGAPORE: After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say.

A worldwide wave of regulation has led to a collapse in trading volumes. Cryptocurrency advertisements are disappearing from top internet pages, and bitcoin

Details
Category: Stock Market

Write comment (97 Comments)

Seven of top 10 companies add Rs 69,918 crore to m-cap; RIL gains the most
NEW DELHI: Seven of the 10 most valued Indian companies together added Rs 69,917.79 crore in market valuation last week, with RIL emerging as the biggest gainer.

While Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL), ITC, HUL, HDFC, Infosys and Kotak Mahindra Bank saw rise in their market valuation for the week ended Friday, HDFC Ban

Details
Category: Stock Market

Write comment (93 Comments)

A picture is worth a thousand words.

This famous saying sits so perfectly for chart reading in the financial world. A chart is nothing but graphical representation of data. Financial markets come alive through the eyes of charts, and this is precisely the reason why it keeps the interest factor alive for everyone, whether he is a beginner or an

Details
Category: Stock Market

Write comment (98 Comments)

Mumbai: Reliance Jio Infocomm’s net profit rose 1.2% in the March quarter from the preceding one, its second straight quarter in the black, helped by strong user additions despite average revenue per user (ARPU) dropping due mainly to the sharp cut in its base offer to JioPhone users.

For the fiscal fourth quarter, the Mukesh Ambani-owned company,

Details
Category: Stock Market

Write comment (100 Comments)

Q4 earnings, Fed meet macro nos to steer market next week
NEW DELHI: The domestic equity market started May F-O series with a bang, as the key benchmark indices logged good gains on Friday. The S-P BSE Sensex gained 256 points, or 0.74 per cent, to close at 34,970, while Nifty50 ended just shy of the crucial 10,700 mark at 10,692, up 75 points for the day.

On a weekly basis, the 30-share BSE

Details
Category: Stock Market

Write comment (92 Comments)

Indian green energy firms eye stock market listings: S​​ources
MUMBAI: Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix.

Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to

Details
Category: Stock Market

Write comment (95 Comments)

Mumbai: Reliance Industries’ quarterly net profit rose 17.3% to Rs 9,435 crore as the conglomerate turned a new leaf, with its booming petrochemicals business delivering higher earnings than refining for the first time in a decade while the newer retail and telecom ventures grew briskly in the improved economic environment.

Consolidated turnover

Details
Category: Stock Market

Write comment (90 Comments)

Why $1-trillion market valuation for TCS in few years is not just a pipe dream
By Rashesh Shah

Prime Minister Narendra Modi had some time ago described India of the future using a simple formula — IT + IT = IT (information technology + Indian talent = India tomorrow). As if on cue, almost a year to the date of his statement, TCS became the first Indian IT company to breach the $100 billion market cap barrier.

This is a

Details
Category: Stock Market

Write comment (92 Comments)

As general elections draw near, things look up for cement firms
By DK Aggarwal

India is the second largest cement producer of globally. The industry has added 110 million tonnes of capacity in last five years.

However, financial year 2017-18 has been a relatively tough one for the industry due to a ban on sand mining, use of pet coke and diminished market concentration of industry leaders.

Slower progress in

Details
Category: Stock Market

Write comment (100 Comments)

Equitas Holding's March quarter net profit rises four-fold to Rs 34 crore
Equitas Holding reported four fold growth in net profit during the quarter ended March 31, 2018, aided by growth in non-micro loans.

During the quarter, the company reported net profit of Rs 34 crore against Rs 7 crore in the same period a year ago. Profit in the March quarter of 2017 was lower because of extra provision.

“As a strategy we have l

Details
Category: Stock Market

Write comment (93 Comments)

Governments across the world abhor the virus of disruption. Their regulatory antibodies are quick to take down agents of radical change. Unless the disruption sneaks inside undetected. Think about Silicon Valley of the early 1990s — a place where young engineers were trying to make sense of this shiny new thing called the internet. In 1990, the i
Details
Category: Stock Market

Write comment (99 Comments)

RBI eases norms for overseas investment in bonds
MUMBAI: The Reserve Bank of India has eased investment norms for overseas investors after weekly sovereign bond auctions partially failed to elicit investor interest.

The central bank has withdrawn an investment cap that bars foreign portfolio investors (FPIs) from investing in Indian bonds with less than three-year maturity, a move that is

Details
Category: Stock Market

Write comment (98 Comments)

Sebi extends deadline for new FPI limits monitoring system
Markets regulator Sebi today extended deadline till May 18 for putting in place a new system for depositories to monitor the foreign investment limits in listed Indian companies.

The earlier deadline was May 1.

In a circular issued today, Securities and Exchange Board of India (Sebi) said: "The new system for monitoring foreign investment limits

Details
Category: Stock Market

Write comment (91 Comments)

Multi-Commodity Exchange of India net jumps 56.4 to Rs 34 crore
MUMBAI: Multi-Commodity Exchange of India (MCX) today reported 56.39 per cent growth in net profit for the March quarter at Rs 34.14 crore.

Total income grew 11 per cent to Rs 96.58 crore during the quarter under review, the exchange said in a statement.

For the full year to March 2018, its net income declined steeply to Rs 108.36 crore from Rs

Details
Category: Stock Market

Write comment (96 Comments)

Markets during the week have marched higher and higher with low volatility in a show of strength despite fears of higher interest rates, rising crude prices and inflationary tendencies. Also, FIIs seem to have given up and changed their stance by turning bullish, which is clearly depicted in their rollover statistics. There are instances in
Details
Category: Stock Market

Write comment (95 Comments)

NEW DELHI: Oil-to-telecom behemoth Reliance Industries on Friday reported Rs 9,435 crore profit for the March quarter -- its highest ever. The numbers came in line with market expectations.

Below are the key takeaways from the Q4 earnings.

Net profitRIL posted 17.30 per cent year-on-year rise in net profit at Rs 9,435 crore for the March quarter.

Details
Category: Stock Market

Write comment (95 Comments)