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Market Now: Britannia, ITC, Dabur keep Nifty FMCG index up
NEW DELHI: Gains in Britannia Industries (up 2.38 per cent), ITC (up 1.36 per cent) and Dabur India (up 0.97 per cent) were keeping the Nifty FMCG index up during Monday's trade.

The Nifty FMCG index was trading 0.90 per cent up at 27,226 around 01:45 pm (IST).

Shares of Marico (up 0.89 per cent), Godrej Consumer Products (up 0.87 per cent),

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Top intraday trading ideas for afternoon trade for Monday, 16 April 2018
NEW DELHI: The Nifty50 index was trading 22 points down at 10,458 around 11:30 am (IST) on Monday tracking weak global cues.

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

Kunal Bothra, independent market expertMCX is a 'Buy' call with a target price of Rs 798

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Infosys plunges 6%; what 5 top foreign brokerages say
NEW DELHI: Shares of Infosys dropped 6 per cent in Monday's trade and tested Rs 1,100-level briefly, tracking its American depositary receipt (ADRs) on the New York Stock Exchange that dropped 7.7 per cent to $16.62 per share post the IT major's march quarter results on Friday.

The stock fell as the company lowered its margin guidance to 22-24

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Market Now: Nifty IT index in the red; Infosys top drag
NEW DELHI: The Nifty IT index was trading 0.36 per cent down at 13,212 around 01:25 pm (IST) dragged by the index heavyweight Infosys (down 3.33 per cent).

Shares of Infosys fell as the company lowered its margin guidance to 22-24 per cent for FY19 from 23-25 per cent in FY18. The company gave FY19 revenue guidance of 6-8 per cent in constant

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Fortis stock slumps 2% after IHH flags logjam
Fortis Healthcare declined for the second straight day on Monday after Malaysia's IHH Healthcare said Fortis has declined to engage with the company on a takeover offer citing binding agreements with other parties.

The scrip was trading 1.94 per cent down at Rs 149 at around 11.05 am (IST). It opened at Rs 151.40 and touched high and low of Rs

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12 money-making ideas that can deliver solid returns in 3 weeks
NEW DELHI: Third time lucky! The bulls on Dalal Street came out with flying colours for the third week in a row, with both the headline indices shutting shop with handsome gains.

The S-P BSE Sensex added 565 points, or 1.68 per cent, for the week gone by to settle at 34,192, while the broader Nifty50 soared 149 points, or 1.44 per cent, to

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UCO Bank tanks to 12 year low amid fraud allegations
NEW DELHI: Shares of state-run lender UCO Bank nosedived 18 per cent to hit its lowest since August 30, 2006.

The CBI on Saturday booked former UCO Bank CMD Arun Kaul and others for allegedly cheating the bank to the tune of Rs 621 crore. The agency is carrying out searches at 10 locations-- eight of them in Delhi and two in Mumbai -- in this

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Market Now: Over 25 stocks hit fresh 52-week lows on NSE
NEW DELHI: Over 25 stocks including ABB India, Dhampur Sugar Mills, Educomp Solutions and Idea Cellular hit fresh 52-week lows on NSE during Monday's trade.

Stocks such as Jaypee Infratech, Lakshmi Vilas Bank, SRS, Talwalkars Better Value Fitness, UCO Bank and Vakrangee also figured among the stocks that hit fresh 52-week lows on NSE today.

On the

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Market Now: PSU bank stocks fall on reports of a surge in NPA
NEW DELHI: Most of the PSU bank stocks were trading down during the early trade on Monday on reports that non-performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore as advances to the scam-hit Gitanjali Gems group have turned bad during the quarter ended March 31.

Banks will have to make

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Nikkei up slightly, defensive shares shine as trade war worries, Syria in focus
TOKYO: Japanese stocks rose modestly on Monday on relief that US-led strikes on Syria appeared to be a one-off event though lingering concerns about a trade war had investors flocking to defensive shares.

"Assuming that it was a one-off attack and there will be no additional strikes, I think Tokyo market reaction will be limited. It was within

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MUMBAI: Higher provisions due to rising non-performing assets, losses on account of marked-to-market investments in government securities and uncertainty on leadership will weigh on banks as they set to report fourth-quarter results.

Analysts expect net profits of large banks to fall as elevated provisions continue to take a toll.

“Results for all

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FPIs infuse Rs 3,935 crore in debt markets in a fortnight
NEW DELHI: Foreign investors have pumped in Rs 3,935 crore into the Indian debt markets in the first fortnight of the month, driven by a stable currency and attractive bond yields.

This comes following a net outflow of Rs 12,750 crore in the last two months (February-March) largely due to a surge in interest rates in home markets as well as rupee

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Australia shares end slightly firmer as miners support; NZ slips
Australian shares pared earlier gains to finish 0.2 per cent higher on Monday, with strength in miners countered by a fall in Commonwealth Bank of Australia.

The S-P/ASX 200 index rose 12.2 points to 5,841.3 at the close of trade after rising as much as 0.7 per cent earlier on relief that the fallout from US-led strikes on Syria over the

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FPIs are fleeing once most banked upon sector as VUCA is at play
NEW DELHI: Foreign institutional investors’ behaviour on Dalal Street in recent times has had one common denominator – VUCA. And this has been m ore prominent on the PSU bank counter than anywhere else.

VUCA is an acronym for four factors –volatility, uncertainty, complexity and ambiguity.

A Rs 13,000 crore loan scam in public sector lender Punjab

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Banks' NPAs to rise by Rs 8,000 crore in Q4 on account of Gitanjali Gems
NEW DELHI: Non performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore as advances to the scam-hit Gitanjali Gems group have turned bad during the quarter ended March 31.

Banks will have to make provisioning of Rs 8,000 crore for Gitanjali alone as there has been no servicing of the working

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Market Now: Pharma stocks trade up; Cipla zooms over 4%
NEW DELHI: Majority of pharma stocks were trading with gains during afternoon trade on Monday, giving a fillip to the sectoral index.

The Nifty Pharma index was trading 1.3 per cent up at 8,845 around 01:10 pm (IST).

Cipla (up 4.15 per cent) was the top gainer of the pack, followed by Divi's Laboratories (up 1.78 per cent), Lupin (up 1.69 per

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Talking stock: Sell IDBI Bank; hold Sun Pharma
By G Chokkalingam

I have been holding 1,400 shares of IDBI Bank at Rs 112 since 3.5 years. Please advise what to do with them —ANUP LASKARFundamentally it is a sell as IDBI has created some records which are detrimental to the shareholders. Its net NPA at 16 per cent is the highest in the industry and advances de-grew by 16 per cent year-on-year

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Syria strike, Q4 results among 8 factors that will drive Dalal Street next week
NEW DELHI: Geopolitics returns to haunt markets this week after the US and allies launched air strikes on Syria over the weekend, raising Middle East tensions, which have the potential to trigger a major spike in crude oil price.

Good times for the bulls continued on Dalal Street for the third week in a row, as both headline indices went home with

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BENGALURU: RMZ, one of India’s largest business park developers, has struck a nearly $1-billion deal to buy back shares held by Qatar Investment Authority (QIA) and Baring Private Equity Partners, thwarting a hostile bid by crosstown Bengaluru rival Embassy Group. The promoters of RMZ — billionaire brothers Raj and Manoj Menda — purchased 45 per ce
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Market Now: These stocks zoom over 10%, defying bearish market temperament
NEW DELHI: Shares of Mishra Dhatu Nigam (up 15.26 per cent), Shekhawati Poly-Yarn (up 12.50 per cent), Vidhi Specialty Food Ingredients (up 12.19 per cent), Bedmutha Industries (up 11.05 per cent) and Future Market Networks (up 10.42 per cent) zoomed over 10 per cent on NSE during Monday's trade even as broader markets were trading in the negative
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DCB Bank Q4 net profit rises to Rs 64 cr
NEW DELHI: DCB Bank today reported a net profit of Rs 64 crore in the fourth quarter ended March of 2017-18 on the back of increase in operating profit.

The private sector lender had posted a profit after tax (PAT) of Rs 53 crore in the year-ago period.

In a regulatory filing, the bank said its operating profit rose to Rs 142 crore during the

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Market Now: Oil stocks down; HPCL, RIL, ONGC slip over 1%
NEW DELHI: Oil - gas stocks HPCL (down 1.41 per cent), GAIL (India) (down 1.10 per cent), Reliance Industries (down 1.08 per cent) and ONGC (down 1.07 per cent) declined over 1 per cent during Monday's trade.

The BSE Oil - Gas index was trading 0.82 per cent down at 14,546 around 12:55 pm (IST).

Shares of Castrol India (down 0.78 per

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Market Now: Sensex, Nifty trade lower; these are the top losers on NSE
NEW DELHI: Shares of KSS (down 16.67 per cent), MVL (down 11.11 per cent) and Talwalkars Better Value Fitness (down 10 per cent) were among the top losers on NSE during the early trade on Monday.

Stocks such as Alok Industries (down 9.76 per cent), Rane Brake Lining (down 9.25 per cent), UCO Bank (down 8.31 per cent), Vadivarhe Speciality

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US air strikes on Syria: How worried should you be on D-Street
NEW DELHI: The domestic equity market may see some knee-jerk reaction, along with the rest of the world, to the US air strikes on Syria, when trading resumes on Monday.

US early Saturday launched air strikes on Syria in a combined operation with France and Britain in response to a suspected poison gas attack that killed dozens of people last

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Tata Motors cracks 4% on poor JLR sales
NEW DELHI: Shares of Tata Motors cracked over 4 per cent in Monday's trade amid weakening demand for subsidiary JLR. Investor sentiment dampened on fresh reports suggesting jobs and production cuts at two of JLR’s British factories.

Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales

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Market Now: Over 25 stocks defy subdued market mood, hit fresh 52-week highs
NEW DELHI: Defying the prevailing subdued market mood, over 25 stocks, including Ashok Leyland, Britannia Industries and Escort hit fresh 52-week highs on NSE during Monday's trade.

Balkrishna Industries, Indiabulls Ventures, IndusInd BankKotak Mahindra Bank, Nestle India, Pidilite Industries, Sandhar Technologies, SRF and Tech Mahindra also

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In our previous weekly note, we had mentioned that we continue to remain in the 27-month-long upward rising channel, which is the primary uptrend. We had also expected the gains to get extended in the coming week.

In line with that analysis, the market extended its gains during the week gone by. The benchmark Nifty50 index ended the week, gaining

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ET Intelligence Group : Jaguar Land Rover (JLR), the engine that keeps Tata Motors going, is showing signs of sputtering in key overseas markets, and that’s unlikely to prompt an earnings upgrade estimate for the company in a hurry.

In the past three months, the Tata Motors stock has lost about 20 per cent. With JLR still to regain its lustre and

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Alok Industries tumbles 5% as lenders reject RILrevised offer
Shares of Alok Industries hit lower circuit of nearly 5 per cent in opening trade on Monday after lenders to the company reject a revised offer by Reliance Industries-JM Financial Asset Reconstruction Company to acquire the bankrupt company.

The scrip slipped 4.95 per cent to Rs 3.84, whereas benchmark BSE Sensex was down 0.23 per cent at 34,113

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ETMarkets Special Weekend Podcast: How rising crude oil prices can impact India
Hi there, This is Saloni Goel from ETMarkets.com and it is a special podcast on how rising crude oil prices can impact India.Air strikes on Syria by US, British and French forces in response to a suspected poison gas attack that killed dozens of people has suddenly put the crude oil market in a state of flux. For India, this could prove to be a
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