StockMarket

Room to grow Hospitality stocks show they can go the distance
By DK AggarwalWith the steady increase in foreign tourist arrivals and a simultaneous increase in domestic airline passenger traffic, the hospitality sector has witnessed a healthy growth despite multiple challenges like curbs on liquor sale and the GST rollout.

Actually, the sector had been under pressure and into a near-debt trap after the

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Reliance Jio raises Rs 2,500 crore via domestic bonds
MUMBAI: Mukesh Ambani-led Reliance Jio, an emerging telecom giant, has hit the domestic corporate bond market marking it the largest transaction in this financial year.

The top-rated company has raised Rs 2,500 crore from Axis Bank, the sole arranger for the five-year money, two people familiar with the matter told ET. The deal has been concluded

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F O: Bulls not loosening grip, but bears, too, are not giving in
By Chandan TapariaThe Nifty50 index opened with gap up on Friday, but witnessed selling at higher levels and corrected towards 10,451 level. It formed a Spinning Top candle on the daily scale, which means the bulls are not loosening their grip, but the bears are putting pressure at higher levels.

The index has been making higher highs for last 10

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By Camila Russo

Bitcoin HODLers are seeing some light in the bear-market tunnel.

While it remains to be seen whether it’s the end of this year’s slump, the 20 per cent gain over the last five days has them cheering. The largest cryptocurrency posted its biggest weekly advance since just before it peaked at almost $20,000 in December. Other large

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With attrition touching 20%, Infosys announces $10 million special bonus pool for employees
Infosys said it had created a special bonus pool of $10 million to be paid out to its over 200,000 employees in addition to their regular quarterly variable pay, at a time when its attrition is 20 per cent .

The special bonus pool comes at a time when the Bengaluru-headquartered IT company said it was looking to return upto Rs 13,000 crores to

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Infosys posts 28% QoQ drop in Q4 profit at Rs 3,690 cr; gives guidance for 6-8% CC revenue growth for FY19
NEW DELHI: India’s second largest IT firm Infosys on Friday reported a 28.2 per cent drop in sequential net profit at Rs 3,690 crore for the March quarter.

The IT major had reported a net profit of Rs 5,129 crore in the December quarter and Rs 3,603 crore in the same quarter last year.

March was the first full quarter for Infosys under its new

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By Sarah Ponczek

James Comey. Robert Mueller. Michael Cohen. Rod Rosenstein. These are names you’re probably hoping not to hear if you’re holding stocks heading into the weekend.

Headline risk is high. There’s China trade tensions and war in the Middle East. Still, the S-P 500 Index is poised to end the week up 2 percent. Things have been a l

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Government to launch this fiscal's first tranche of gold bond on April 16
The government today announced this fiscal's first tranche of sovereign gold bond (SGB) and its subscription will open on April 16.

The sovereign gold bond 2018-19, Series-I, will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges namely the NSE and BSE, the finance

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By Bhavana AcharyaPortfolio yields across debt fund categories have been climbing higher in last three months. Debt funds invest in bank and corporate bonds of different maturities – ultra short-term funds, for example, invest in commercial paper and certificates of deposits. Short-term funds may invest in papers of 1-2 year maturities and so on.

A

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By Pratish Narayanan

The case for owning commodities has rarely been stronger, according to Goldman Sachs Group Inc.

With raw materials rallying on escalating political tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view

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Wall St drops as JPMorgan leads bank stocks lower
Wall Street major indexes fell on Friday morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in financial stocks.

JPMorgan dropped 1.7 percent after its profit missed estimates as lower investment banking revenue offset gains from higher interest rates and a jump in trading revenue.

Shares of Wells

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Fortis receives unsolicited bid from IHH Healthcare for Rs 160/share
Fortis Healthcare on Friday confirmed that its board has received an unsolicited non-binding expression of interest (EoI) from Malaysia’s IHH Healthcare at Rs 160 per share.

The clarification from the company came after Economic Times on April 12, 2018 reported that IHH was looking to counter TPG-Manipal's bid for Fortis Healthcare.

IHH is the

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The domestic equity market crawled up slowly amid war-like threats between the US, its allies and Russia during the week gone by. Certain stocks remained muted with virtually no strength to inch higher and remained rangebound throughout the week in spite of bullish global cues.

When global cues were positive, Indian markets were lethargic, which

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Gold demand picks up ahead of Akshaya Tritiya
MUMBAI/BENGALURU, April 13 (Reuters) - Physical gold demand in second-biggest consumer India saw an uptick this week ahead of a key festival, although higher prices weighed on sentiment across the broader Asian markets.

Next week Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

"Many

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Sensex, Nifty rise for seventh day; IT stocks rally
NEW DELHI: The domestic benchmark indices continued their rally for a seventh straight day underpinned by gains in IT, metal and select bank stocks.

Investment sentiment got a boost from steady industrial production data and easing inflation numbers, which were released on Thursday.

The industrial production grew faster than 7 per cent for the

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ET Intelligence Group: IT bellwether Infosys expects to retain growth in dollar-denominated revenue for the current fiscal between 7 per cent and 9 per cent compared with the 7.2 per cent growth in FY18. Keeping the currency rates constant, the growth is expected to be 6-8 per cent.

While it reflects that the company is less likely to report

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Forex reserve hits record high of $424.86 billion
The country's foreign exchange reserves rose by USD 503.6 million to touch a life-time high of USD 424.864 billion in the week to April 6, aided by increase in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had surged by USD 1.828 billion to USD 424.366 billion.

It had crossed the USD 400-billion mark for

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Analysts uncertain on RBI rate cut due to inflation concerns
Even as inflation cooled to 4.3 per cent for March led by food prices, analysts are not so certain about a policy rate cut by Reserve Bank in the near future on worries of a rise in the headline number.

American brokerage Morgan Stanley, has said that the rise in inflation in the second half of the year which the RBI's lowered estimate also

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Indices extend gains for the 7th day, longest since November
Mumbai: Benchmark indices ended up for the seventh consecutive session on Friday, posting their longest gaining streak since November last year. Sentiment was boosted as retail inflation data, released after market hours on Thursday, eased to a five-month low in March and industrial output grew at 7.1 per cent in February.

The Nifty reclaimed the

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NEW DELHI: The domestic equity market ended in the green on Friday amid heavy buying on counters such as energy, financials and IT, thus ending its longest winning streak since November 2017.

The S-P BSE Sensex added 91 points to close the session at 34,192, while NSE's Nifty50 gained 22 points to close above 10,450 level at 10,480.

There has

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NEW DELHI: March did not turn out to be a good month for the stock market, considering 3 per cent, or 1,000-point, decline in the Sensex. But fund houses have stood their ground, busy churning their portfolio at an aggressive pace.

The stocks have corrected, mostly because of nervous global sentiment and over Rs 10,000 crore worth of primary

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Idea shares slip on fears of delay in Vodafone merger
Idea Cellular shares ended more than 1% lower in Friday’s trade amid fears that its merger with Vodafone India may get delayed, with the government likely to press both telecom operators to clear their dues of nearly Rs 19,000 crore (about $3 billion) before it clears the deal.

Bank of America Merrill Lynch, in a report to clients dated April 13,

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Tech view: Nifty forms ‘Spinning Top&; bulls under strong pressure
NEW DELHI: The Nifty50 climbed for the seventh consecutive session on Friday. The index formed a ‘Spinning Top’ candle on the daily chart, suggesting that the bulls are seeing strong resistance at higher levels.

For the day, the index rose 21.95 points, or 0.21 per cent, to close at 10,480.

“The Spinning Top candle on the daily chart suggests that

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Ashok Leyland rallies 3% on Rs 100 crore order win
Shares of Ashok Leyland rallied over 3 per cent in early trade on Friday after the company informed bourses that it has won an order for 10x10 vehicles to carry the smerch rockets from the Ministry of Defence.

The scrip was trading 3 per cent up at Rs 149.20 at around 10.40 am (IST) on BSE. Shares of the company opened at Rs 145.10 and touched a

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Bengaluru: Infosys said revenue would grow below the pace forecast for the software industry, muting expectations for the first full year of Salil Parekh’s CEO-ship even as India’s second-largest software firm aims for a fresh start by shedding the legacy of former CEO Vishal Sikka.

The Nasdaq-listed company said it is seeking buyers for two firms

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Infosys Q4 results: 11 key takeaways you must know
NEW DELHI: IT bellwether Infosys on Friday unveiled its first quarterly numbers under new CEO Salil Parekh. The figur es were pretty much in line with Street expectations.

“Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we wi

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Buy TeamLease Services, target Rs 2,721: Religare Securities
Religare Securities has a buy call on TeamLease Services with a target price of Rs 2,721.

The current market price of TeamLease Services is Rs 2,250.

Time period given by the brokerage is one year when TeamLease Services price can reach the defined target. Investment rationale:TEAM enjoys leadership position in the highly fragmented flexi-staff

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Mumbai: The Reserve Bank of India (RBI) has pointed out a ‘conflict of interest’ between State Bank of India (SBI), the country’s largest lender, and its subsidiary, SBI Capital Markets.

SBI Capital is a leading player in syndication of big-ticket loans for corporate India and rejigging of debt amid rising stress. The regulator has conveyed its

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Panaya, the firm that undid Sikka regime at Infosys, lined up for sale
IT major Infosys’ courtship with Israeli software service company Panaya is ending in three years.

The acquisition of the cloud-based application delivery and test automation solutions provider in 2015 had kicked off a major crisis in India’s second largest IT firm, when its co-founder NR Narayana Murthy raised a storm over lack of transparency in

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Buy MindTree, target Rs 895: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on MindTree with a target price of Rs 895.

The current market price of MindTree is Rs 856.

Time period given by the analyst is Intra Day when MindTree price can reach defined target.

Manas Jaiswal recommended keeping a stop loss at Rs 835.

MindTree, incorporated in the year 1999, is a Large Cap

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