StockMarket

Market Now: PSU bank stocks fall; PNB top loser
NEW DELHI: Most of the PSU bank stocks were trading in the negative territory after reports emerged that the finance ministry is soon expected to take stock from state-run lenders on fraud in cases of bad loans and the measures taken to prevent them.

A meeting will be soon convened to check progress of the public-sector banks on implementing

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Hi there! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul and I will bring you today's wrap-up of stock trading and what seasoned analysts have to say.

Stocks had a good day in office after Chinese President signalled opening up the world's second-largest economy more by lifting foreign ownership restrictions. This boosted

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RBIsilence on ICICI Bank, delayed response in Axis case baffle experts
NEW DELHI: Indian central bank’s role as banking supervisor has come under criticism for maintaining a stoic silence on the allegations of nepotism at ICICI Bank in advancing loans to Videocon and also what is seen as delayed response in the case of Axis Bank CEO Shikha Sharma.

RBI has failed to fulfil its supervisory role in preventing the

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Buy Indian Metals Ferro Alloys, target Rs 733: Edelweiss Broking
Edelweiss Broking has a buy call on Indian Metals - Ferro Alloys with a target price of Rs 733.

The current market price of Indian Metals - Ferro Alloys is Rs 556.50.

Time period given by the brokerage is 'Long Term' when Indian Metals - Ferro Alloys price can reach the defined target.

"Indian Metals - Ferro Alloys (IMFA) is the

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By Javier BlasSaudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.

In conversations with OPEC delegates and oil market participants, Saudi officials had been careful to avoid pinpointing an exact price

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Hinduja Leyland Finance plans to file Rs 1,000 crore IPO in April
SINGAPORE: Hinduja Leyland Finance plans to file a draft prospectus later this month as it looks to revive an IPO of up to Rs 10 billion (US$154m), people with knowledge of the transaction said.

The IPO is likely to be launched in the second half of 2018. The company filed for a Rs 7 billion IPO in 2016 but did not go ahead as the federal

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1,400% return in 5 years! And this stock still has miles to go
This company with a diversified auto ancillary portfolio has been quietly creating wealth for investors for some time now.

Take this: An investment of just Rs 10,000 in Rane Holdings on April 1, 2013 would have become over Rs 1,50,000 today.

Both fundamental and technical analysts believe the ongoing momentum on the stock has a lot of steam left.

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Sebi issues framework to club investment limits of foreign govt, related entities
Markets regulator Sebi today said two or more foreign government and its related entities from the same jurisdiction will be considered a single FPI for the investment cap of 10 per cent in a listed Indian company.

The move comes as various stakeholders have been seeking guidance on clubbing of investment limits to be applied to foreign government

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China stocks have best day in 7 weeks as Xi's speech eases trade war fears
SHANGHAI: China's stock markets rallied on Tuesday as President Xi Jinping's vow to further open up the economy soothed fears of a trade war with the United States.

The blue-chip CSI300 index rose 1.9 per cent, to 3,927.17 points, while the Shanghai Composite Index gained 1.7 per cent to 3,190.32, in their best single-day performance in seven

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This missing piece may foil hopes for faster US growth
Robust US investment is fanning hopes that stronger growth in productivity — the missing piece in the country’s slow-footed economic expansion — may finally be showing up. Such enthusiasm may be premature. As Federal Reserve Chairman Jerome Powell outlined in a speech last week, while higher investment is good, there’s a lot more that goes into b
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Fitch downgrades PNB's viability rating to 'bb-'
Fitch Ratings on Tuesday downgraded the Viability Rating of the Punjab National Bank (PNB) to 'bb-' from 'bb' and maintained the rating on Rating Watch Negative (RWN) following a multi-crore fraud involving diamond trader Nirav Modi.

According to a Fitch statement, PNB's other ratings were unaffected by this downgrade but it expressed doubts

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NEW DELHI: The market correction since January has given stock investors much pain. Equity-linked mutual fund flows too have fallen, a clear sign retail participants are worried about future returns. But if we go by analysts' readings, the domestic market looks better-off in comparison to 2013 when the bull run set in, a year before the general
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Market Now: Axis Bank, HDFC among most active stocks in terms of value
NEW DELHI: Vedanta (Rs 212.86 crore), Axis Bank (Rs 196.64 crore), Tata Steel (Rs 152.53 crore), Hindalco Industries (Rs 135.36 crore) and HDFC (Rs 117.69 crore) were among the most active stocks in terms of value on NSE in morning trade on Wednesday.

State Bank of India (Rs 113.84 crore), ICICI Bank (Rs 111.43 crore), BPCL (Rs 105.07 crore), Relia

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NEW DELHI: Chinese President Xi Jinping's pledge to open up the country’s economy further and lower import tariffs on products brought cheers to global financial markets, including India. His speech gave a much-needed relief to the investors fretting over an impending trade war between the US and China.

The bulls on Dalal Street retained their

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European shares led higher by Bayer, luxury stocks
MILAN: European shares rose on Tuesday, led higher by gains in Bayer after a report that the US approved its takeover of Monsanto, while a solid update from LVMH lifted luxury sector stocks.

A speech by Chinese President Xi Jinping calmed investor jitters over an escalating US-China trade row, helping send the pan-European STOXX 600 benchmark up

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Why bitcoin often behaves like flu
By Eric Lam

Is the rise of Bitcoin analogous to the spread of an infectious disease

Analysts at Barclays Plc saw enough similarities to develop a pricing model for the cryptocurrency that takes its cues from the world of epidemiology. Their diagnosis: Bitcoin has probably peaked.

The Barclays model divides the pool of potential Bitcoin investors

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Tech view: Nifty50 forms Doji candle, upside looks capped
NEW DELHI: The Nifty50 on Tuesday advanced for the fourth consecutive session and formed an indecisive 'Doji' candle on the daily chart.

Analysts said the upside for the index looks limited in the short term and it may be time investors should start considering profit taking before the tide turns.

Tuesday's narrow trading range did not depict the

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Xi Jinping urges dialogue, not confrontation, after Trump seeks tariffs
BOAO, China — President Xi Jinping on Tuesday portrayed China as committed to opening its economy as he presented an alternative vision to President Donald Trump’s calls for tariffs and restricting trade with China, urging “dialogue rather than confrontation.”

Speaking publicly for the first time since the beginning of an escalating trade dispute

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ET Intelligence Group: Sanctions imposed by the Trump government on Russia’s largest and world’s second-largest aluminium producer RUSAL will take away over 6 per cent of global supply, and 14 per cent outside China. Since this announcement, LME prices have gained 7 per cent to $2,140 a tonne. Indian aluminium companies such as Hindalco, Nalco and
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F O: Buying momentum is missing at Nifty-s higher level
By Chandan TapariaThe Nifty50 index continued to form higher highs for the seventh session and headed towards the 10,424 level. It formed a Spinning Top candle on the daily chart and now the pace of buying momentum is missing at higher levels after a 470-point recovery in last three weeks.

The index managed to close in the positive above its

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By Yumi TesoWhile there’s still skepticism that India’s state-run banks will get back into the nation’s sovereign bond market, overseas investors are keen to buy more of the notes after the central bank granted them greater access.

India’s high yields and relatively stable currency have spurred Mitsubishi UFJ Kokusai Asset Management to buy more r

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Market Now: Vedanta, Hindalco among most traded stocks on NSE
NEW DELHI: Vedanta (number of shares traded: 0.66 crore), Punjab National Bank (0.59 crore) and Hindalco Industries (0.49 crore) were among the most traded stocks on NSE in the early trade on Wednesday.

ONGC (0.39 crore), State Bank of India (0.38 crore), ICICI Bank (0.33 crore), Axis Bank (0.30 crore), SAIL (0.25 crore), JSW Steel (0.24 crore),

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Sensex extends gains for fourth day, Nifty reclaims 10,400
NEW DELHI: Indian equity benchmarks rose for a fourth straight session on Tuesday, buoyed by positive global cues following China's President Xi Jinping’s comments on the opening up of world's second-largest economy.

Other than the favourable global cues, buying in metal, bank and IT stocks and hopes of better earnings boosted market sentiment.

Th

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Market Now: Pharma index in the red; Aurobindo Pharma, Dr. Reddy's Labs slip over 1%
NEW DELHI: Pharma majors Aurobindo Pharma (down 1.50 per cent), Dr. Reddy's Laboratories (down 1.06 per cent) and Cadila Healthcare (down 0.93 per cent) were trading in the negative territory during afternoon trade on Tuesday, keeping the sectoral index down.

The Nifty Pharma index was trading 0.24 per cent down at 8,717 around 1 pm (IST).

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ETMarkets Morning Podcast: Your daily digest of market news
Good morning, welcome to ETMarkets Morning Podcast!

Smart gains on Wall Street in overnight trade and firm Asian shares have created a positive trade setup for the Indian market. But a Doji on Nifty technical charts signals indecisiveness among traders.

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

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Avenue Supermarts m-cap crosses Rs 90,000 crore mark
Avenue Supermarts, the parent of hypermarket chain D-Mart, scaled a fresh all-time high of Rs 1,494.80 in the afternoon trade on Monday, with market capitalisation surpassing Rs 90,000 crore-mark for the first time ever since its listing last year.

Its m-cap stood at Rs 39,988.21 crore on the listing day, March 21, 2017.

Nearest biggies Mahindra

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Asia's hottest stock is a bet on China's military expansion
By Kristine Servando

China’s push to bolster its military firepower has turned a state-run aviation stock into one of Asia’s best performers this year.

AviChina Industry - Technology Co., a maker of training jets, transport helicopters and airplane electronics systems, jumped 40 per cent in Hong Kong since the start of February through Monday

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Axis Bank rallies on Shikha Sharma's shortened term; here's what analysts are saying
Axis Bank rallied over 5 per cent on Tuesday after the private sector lender on Monday announced that its CEO Shikha Sharma will step down at December end. The announcement came days after the RBI was reported to have expressed concerns about the lender giving her a three-year extension.

The scrip closed at Rs 5.43 per cent up at Rs 546 against

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