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Amtek auto subsidiary gets two bids
MUMBAI : Liberty House and Deccan Value have bid for bankrupt Castex Technologies, a subsidiary of Amtek Auto, with both offering about 20 per cent of overdues, said two senior bank officials who did not want to be identified.

“We have received two binding bids and both the offers are in the range of Rs 1,400 crore to Rs 1,500 crore,” said a sen

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Markets now: Infosys, TCS among most active stocks in value terms
DHFL (Rs 156 crore), ICICI Bank (Rs 137 crore), TCS (Rs 129 crore), Infosys (Rs 120 crore) and Hindalco Industries (Rs 114 crore) turned out to be most active stocks in terms of value on the National Stock Exchange (NSE).

Vedanta Ltd (Rs 111 crore), MIDHANI (Rs 89 crore), Canara Bank (Rs 89 crore) and Titan (Rs 76 crore) were other big names on

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ICICIdirect.com has buy call on Marico with a target price of Rs 326.4. The current market price of Marico Ltd. is Rs 320.9.Time period given by analyst is Intra Day when Marico Ltd. price can reach defined target. ICICIdiect recommended to keep stoploss at Rs 317.4. Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a
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Credit lines intact for most Indian clients
MUMBAI: DeBeers, the world’s leading supplier of rough diamonds, is confident that credit lines to its clients in India – home to the globe’s largest jewellery-polishing industry – would remain largely intact despite the alleged involvement of two preciousstone merchants in a $2-billion banking fraud.

“Most of our sightholders (clients) tell us t

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Market Now: HUL, VIP, Nestle among 25 stocks that scaled fresh 52-week highs
Domestic equity markets extended their gains for 10 straight sessions on Wednesday following firm global cues.

More than 25 stocks on the National Stock Exchange (NSE) scaled their fresh 52-week highs in early trade.

The list included stocks like Taj GVK Hotels, Hindustan Unilever, Mindtree, Nestle, Asian Hotels (W), Zenith Exports, Pidilite

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Porinju, a champion for smallcaps, betting on ITC
Porinju Veliyath, popularly known as smallcap czar on Dalal Street, has recently picked stake in largecap ITC, expecting the FMCG major to report 20 per cent CAGR in the next 5 years.

He disclosed this during an interaction with CNBC TV18.

Stock of ITC closed 1.02 per cent up at Rs 267.20 on Tuesday whereas benchmark Sensex extended its rally for

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Top intraday trading ideas for afternoon trade for Monday, April 18, 2018
NEW DELHI: The Nifty50 index was trading 31 points higher at 10,557.20 at 11:53 am (IST) on Wednesday, tracking upbeat global peers.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Pritesh Mehta, Tech Picks Head -Technical Research, IIFL

Dabur is a 'buy' call with

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NEW DELHI: Ace investor Rakesh Jhunjhunwala and his better-half Rekha Jhunjhunwala first bought this stock in 2005. Over the next two-three years, the couple steadily raised stake in the company to over 9 per cent and made sure their combined stake never fall below 8-10 per cent. That’s the story for more than a decade now.

And Titan has

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These stocks can have a rain dance if the monsoon forecast comes good
The Met department's forecast of a normal monsoon this year has come as manna from heaven for farmers as well as the government.

From the market viewpoint, a normal monsoon is seen as a feel-good. “Foodgrain production in FY18 is likely to have grown by 1 per cent and another season of favourable monsoon is likely to be positive for rural s

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Why 2018 in markets feels so awful
By Barry Ritholtz

Last year was unusual in many respects for financial markets. When expectations for how events normally unfold become challenged by data way outside its normal range, it is easy to imagine the world has gone mad. A science-fiction genre exists where the protagonists have jumped to (or awoken in) an alternative world. Think “The M

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Inflation in US will offer pleasant surprise to equity markets
By Neil Dutta

To some, the US economy is on the verge of experiencing a sharp upturn in inflation that will force the Federal Reserve to accelerate the pace of interest-rate increases. The reality is that the balance of risks around inflation has normalised, which should be good news for equity markets that have been on high on alert for the

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Stocks about to shatter post-crisis record: JPMorgan
JPMorgan’s equity strategists are very bullish on first-quarter earnings.

In fact, they’re so bullish that they expect “companies to deliver strongest growth of this cycle with room for estimates to be revised higher,” according to a recent note.

“We expect S-P 500 to deliver 4-5 per cent earnings surprise with 1Q18 EPS of ~$37.50 (implying ~

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This first-generation smallcap petrochemicals firm has been busy doubling its bottom line as well as investor wealth for some time now. Financial year 2017-18 was the fourth consecutive year when Bhansali Engineering Polymers (BEPL) posted over 100 per cent growth in net profit.

Shares of the company have been doing wonders on Dalal Street, with a

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Vedanta up 2%, Electrosteel Steels down 5% post NCLT okay
NEW DELHI: Vendata went up 2 per cent, but Electrosteel Steels dropped 5 per cent on Wednesday after the NCLT's Kolkata bench approved a Rs 5,320-crore resolution plan for the latter.

This paves the way for acquisition of Electrosteel Steels by the local unit of London-listed Vedanta Resources. The process is likely to kick off shortly.

Electrostee

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NEW DELHI: Nestle India today scaled a lifetime high on the BSE after foreign brokerages Goldman Sachs and CLSA raised its target price.

Global investment bank Goldman Sachs has upped the company's 2018-20 EPS (earnings per share) estimate by 3-5 per cent. It has raised the target price to Rs 7,354, from Rs 6,786 earlier, and maintained 'neutral'

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Phillips Carbon Black hits upper limit, post stock split
Phillips Carbon Black (PCBL) hit upper circuit of 5 per cent after the company executed stock split in the ratio of 1:5.

This means one share of PCBL of face value of Rs 10 has been sub-divided into five of face value of Rs 2 per share.

The record date for the same is April 20 while the ex-date for the same is April 19.

Shortly after opening at Rs

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Mumbai: Shares of hotel companies gained up to 20 per cent on Tuesday amid expectations of the holiday season bringing in robust demand, which will result in higher room rates and increased occupancy.

Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels, Kamat Hotels (India) and Viceroy Hotels rallied

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By Ameya Karve

What sort of government will India have after the next general election There’s no clear answer to that this far out and the greater the uncertainty, the more difficult it will be for the nation’s equities to make headway in the run up to the vote, according to Morgan Stanley.

“The world’s biggest democratic elections (about 930

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Markets now: Electrosteel Steels, PNB, MIDHANI among most active stocks in terms of volume
Shares of Electrosteel Steels (number of shares traded: 1.26 crore), Reliance Communications (1.11 crore), JP Associates (0.87 crore), Midhani (0.59 crore), Sanwaria (0.58 crore) and Punjab National Bank (0.53 crore) were among the most traded securities on the National Stock Exchange in Wednesday’s session.

Electrosteel Steels hogged limelight

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ETMarkets Morning Podcast: Will D-Street continue with its ongoing rally Tune in now
Good morning, welcome to ETMarkets Morning Podcast!

IMF's upbeat growth forecast for India, a spike in stocks globally and Nifty formations on technical charts are giving investors a lot of comfort this morning. But the rupee’s slide to a 7-month low remains an overhang.

That’s where we start the day on Dalal Street, ladies and gentlemen. This is

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European shares edge up as sentiment improves, Intrum surges
LONDON: European shares edged up on Tuesday morning as sentiment regarding tensions between the US and Russia eased up with attention shifting to the first-quarter earnings season and deal-making.

The pan-regional STOXX 600 index was up 0.1 per cent by 0740 GMT, while other European benchmarks were also trading in positive territory, catching up

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Equity funds that delivered big returns last year owed it to these 35 smallcaps
Smallcap stocks created much more wealth for equity mutual funds in last one year compared with midcaps and largecaps. More than 30 smallcap stocks, which are among the top favourites of domestic fund managers, ran up as much as 1000 per cent in just a year’s time.

Smallcap-focussed equity funds delivered an average of 21 per cent return for last

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Fed can keep rate hikes gradual without risking inflation: Evans
CHICAGO: The Federal Reserve can stick to a series of gradual US interest-rate increases over the next couple of years without much risk of an unhealthy surge in inflation, Chicago Fed President Charles Evans said on Tuesday.

“I don’t foresee an outsized risk of a breakout in inflation,” Evans said in remarks prepared for delivery to the Chicago Ro

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Australia shares flat as AMP slump offsets most gains, NZ falls
Australian shares closed flat on Tuesday, as gains in material and telecom stocks were offset by a sharp drop in the country's largest wealth manager after a probe into the financial sector heard the firm misled regulators.

The S-P/ASX 200 index inched up 0.2 points to close at 5,841.5. The benchmark closed up 0.2 per cent at 5,841.3 on

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Dabur India gains after CLSA raises target price
NEW DELHI: Shares of FMCG firm Dabur India soared as much as 2.8 per cent to Rs 353.6 apiece on Wednesday, their highest level since February 2 after foreign brokerage CLSA said the outlook for consumer staple firms are improving with the forecast for normal monsoon in 2018.

It says normal monsoon will be positive for consumer sector and companies

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Sensex climbs over 50 pts; Nifty trades above 10,550; Vedanta rises 2%
NEW DELHI: Tracking strong global cues, the domestic equity market opened on a positive note on Wednesday.

At 09:20 am, the S-P BSE Sensex was trading 32 points higher at 34,426.80 with Adani Ports (up 1 per cent) as the top gainer and M-M (down 1 per cent) the worst laggard.

The broader Nifty50 index of National Stock Exchnage (NSE) was

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Market Now: Nifty Realty index in the green; IB Real Estate climbs 2%
NEW DELHI: Gains in shares of Indiabulls Real Estate (up 2.03 per cent), Phoenix Mills (up 1.03 per cent) and Godrej Properties (up 0.61 per cent) lifted Nifty Realty index during afternoon trade on Tuesday.

The Nifty Realty index was trading 0.43 per cent up at 307 around 01:30 pm (IST).

Sobha (up 0.28 per cent), DLF (up 0.21 per cent), Brigade

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Technical indicators show the ongoing rally in gold is likely to continue in the near term. That could be a good reason for you to consider adding some yellow metal to your portfolio this Akshay Tritiya.

Weekly gold price charts show a bullish Ascending Triangle formation. Momentum indicator Moving Average Convergence Divergence or MACD has

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Nirmal Bang Securities has Buy on DCB Bank Ltd. with a target price of Rs 223. The current market price of DCB Bank is Rs 201.2 Time period given by analyst is year when DCB Bank Ltd. price can reach defined target. DCB Bank (DBL) reported 4QFY18 results with the key strategic pointers being: (1) Fee income growth is being driven by cross-selling

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Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore
The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Besides, the ministry is keen to take the ETF route to sell off government shares held through SUUTI in private companies -- ITC, Axis Bank and

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