The Nifty had slipped below the 8,000 mark on March 23 at the peak of the Covid-19 selloff. From there to 13,000 has barely taken 170 trading sessions, or eight months.
Business Standard - 6 hours ago
Before Wednesday's fall, the benchmark indices had surged 12 per cent in November, underpinned by record buying by foreign portfolio investors
The Fed revised the program several times to make it available to a larger pool of borrowers by opening it to nonprofit organizations and reducing the minimum loan amount to $100,000.
EconomicTimes - 8 hours ago
During her rollercoaster ride, bitcoin prices swung from under $1,000 to nearly $20,000. O'Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally - b...
Spot gold rose 0.3% to $1,812.66 an ounce at 10:15 a.m. EST (1515 GMT), having hit its lowest since July 17 at $1,800.01 on Tuesday. U.S. gold futures were up 0.4% at $1,811.00.
Securities and Exchange Board of India (Sebi) had conducted an examination in the dealings of ATCL shares for January-September 2017 period.
Gem Equity purchased 3,50,000 shares of PVR at Rs 1,315.11 per share, NSE data showed.
EconomicTimes - 9 hours ago
Markets regulator Sebi on Wednesday launched the Securities Market Trainers (SMARTs) program, an initiative aimed at enhancing investor education and awareness.
Business Standard - 9 hours ago
The payments bank, which has a network in 700 districts of the country through 5.5 lakh merchant points, had reported a post-tax net profit of Rs 1.9 crore in the June quarter and Rs 1.3 crore in t...
During the quarter, new orders from continuing operations grew 8.7 per cent at Rs 3,220 crore as compared to the year-ago period, it added.
The Sebi chairman also raised the concern relating to convoluted distribution of active investors throughout the country and said that SMARTs program would aim to address this concern by increasing...
Banyan Investments is a public shareholder of Tanla Platforms and held 16.17 percent stake in the firm, shareholding data of Tanla Platforms for September 2020 quarter showed.
Board approved equity capital up to Rs 6,800 cr during 2020-21 by way of various modes such as Public lssue and/or Rights Issue and/or Private Placements, including Qualified Institutions Placement...
Regulator Sebi on Wednesday relaxed certain surveillance measures, including those pertaining to market wide position limits, that were put in place eight months ago to curb volatility in the marke...
Mazhar Mohammad of Chartviewindia.in said that the index could turn sideways only if it manages to defend the recent low of 12,833 in Thursday's trade.
EconomicTimes - 10 hours ago
The endowment fund of US’s premier research university, Massachusetts Institute of Technology (MIT), bought 985,000 shares and Old Bridge Capital bought 685,000 shares of Tanla, at Rs 524.03 in blo...
With the planned investments, the cement company expects to double its capacity of 25 mt to 50 mt by 2026 after the planned initial public offer (IPO) is completed.
Weakness in dollar index, stimulus are the key drivers
The Hindu Business - 10 hours ago
India's economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were...
NDTV Business - 10 hours ago
"Honestly I've had more luck in Vegas than I've had with cryptocurrencies," said one of the investor
Business Standard - 10 hours ago
The Dow Jones Industrial Average was down 118.63 points, or 0.39%, at the open to 29,928.23.
After the receipt of choice, the central government has granted additional borrowing permission of Rs.4,522 crore to Keralaand Rs.6,787 crore to West Bengal.
NDTV Business - 11 hours ago
The December futures contract of nickel on the Multi Commodity Exchange (MCX), which has been in an uptrend since early October, was consolidating in
The Hindu Business - 11 hours ago
Market regulator SEBI on Wednesday relaxed the increase in margin requirement in stocks that are outside the futures and options (F&O) segment. I
WGC expects consumption revival in India in Q4 with latent demand coming up
Earlier in the day, the Reserve Bank of India said the amalgamation of the bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will...
EconomicTimes - 11 hours ago
The rise in demand has prompted bullion dealers to charge a $5 premium per troy ounce over the official price.
Even as variable costs rise, cement spreads are expected to remain strong in the second half of FY 2020-21 on expected pricing strength, said the report.
A study from the Imperial College Business School and the University of St. Gallen has concluded that structural changes to the industry in the past two decades mean dealers are indeed contributing...
The company also prefers the tech-heavy Chinese and Korean stock markets in its multi-asset portfolios, while also building positions in Japanese and small-cap stocks.
The levels of 12,900 and 12,965 will act as resistance points while supports will come in at 12,785 and 12,700 levels.
Value chain participants deprived of benefit due to cost and time of quality testing and increase in initial margin
Nifty has formed a bearish belt hold candlestick pattern engulfing the entire candle body of the previous two trading sessions, indicating a possible short-term reversal.
EconomicTimes - 12 hours ago
Credit demand is very good, Chandra Shekhar Ghosh said.
Once you get to all-time highs, some element of profit booking is intrinsic and today’s correction is not very surprising, says Nitin Raheja.
The board of Prakash Pipes has approved issuance of 35 lakh shares to its promoter on preferential basis to raise ₹26.07 crore. Ved Prakash Agarwal,
The Hindu Business - 12 hours ago
SOPA has requested the government to maintain current duty structure on edible oil imports. “It is in the interest of Indian farmers and oilseed processing industry,” it said.
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
NDTV Business - 12 hours ago
Mirae Asset Investment Managers India has launched an open-ended equity scheme, Banking & Financial Services Fund. The NFO will be open for subscr
The Hindu Business - 13 hours ago
Nifty has to hold above 12,850- 12,900 levels now to witness a bounce towards 13,000 and 13,050 levels, while a hold below the same could see weakness towards 12,800 and 12,750 levels.
EconomicTimes - 13 hours ago
West Texas Intermediate crude gained 58 cents, or 1.3%, to $45.49, after rising more than 4% on Tuesday.
The Dow appeared set to edge back from its record high on the open, with futures down 0.3%, while S&P 500 futures were 0.2% lower. In Europe, markets lost early gains after Asia largely closed lower.
ATM Agro Industries garnered funds illegally through issuance of redeemable preference shares (RPS) and secured redeemable non-convertible debentures (NCD).
The government would invest Rs 2,400 crore in the NIIF during the current financial year ending in March that would help it raise up to Rs 1.lakh crore for investments.
NDTV Business - 13 hours ago
The company had posted a consolidated net loss of Rs 98.42 crore in the same period last fiscal, Coffee Day Enterprises said in a regulatory filing.
After scaling fresh record highs in the morning trade, the domestic equity market tumbled around 1.5 per cent on Wednesday
Business Standard - 13 hours ago
Every bull market has a theme and the themes that will dominate this one will be technology, healthcare and specialty chemicals, says Atul Suri.
BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches, and laptops, after border tensions
NDTV Business - 14 hours ago
UBS, Credit Suisse see emerging markets doing well next year, but expect India to underperform, given its rich valuations
Business Standard - 14 hours ago
A release issued by ICRA said that the global prices of palm oil have risen sharply by 50% from the lows of May 2020, with pick-up in demand emanating from re-opening of economies.
EconomicTimes - 14 hours ago
The BSE and NSE have terminated Karvy Stock Broking's membership with effect from November 24, 2020 for non-compliance with the regulatory provisions
The daily momentum indicator has triggered a bearish crossover.
More than 275 stocks hit their upper circuits on the BSE, while 200 counters hit their lower circuit limits.
Reliance is a sector by itself, it almost has sectoral weightage or sectoral footprint on the markets, says Atul Suri
The sudden profit booking came in amid weakness in the Asian markets and increasing nervousness among market participants, as evinced from the sharp rise in volatility indicator.
At the interbank foreign exchange market, the domestic unit opened at 73.98 against the greenback and recorded an intraday high of 73.88
Follow-up action needs to be closely watched as sustenance below 12,950 could mean Nifty is back to the previous 12,950-12,750 trading band.
According to the Southern Railways zone, the time limit for availing refunds has also been extended to six months from the date of the journey.
NDTV Business - 15 hours ago
The NSE has also declared the brokerage house as a defaulter and expelled from its membership with effect from November 23
Business Standard - 15 hours ago
EconomicTimes - 15 hours ago
Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
In the international market, gold was trading with gains at USD 1,812 per ounce and silver was flat at USD 23.34 per ounce.
Aluminium contract for December gained 5 paise, or 0.03 percent, to Rs 163.35 per kg in a business turnover of 845 lots.
The BSE Bankex index fell 1.66 per cent while the BSE IT index declined 1.5 per cent.
The first stage of a typical bull rally is marked by scepticism and we are seeing tremendous scepticism about the rally among domestic investors.
Gold prices for December delivery declined Rs 54, or 0.11 per cent, to Rs 48,531 per 10 gram in a business turnover of 4,346 lots.
Silver contracts for December delivery tumbled Rs 131, or 0.22 percent, to Rs 59,490 per kg in a business turnover of 10,245 lots.
The order issued to NSE IFSC permits its members to accept US customer funds directly for the purpose of trading in futures and options contracts on NSE IFSC without the members having to register ...
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserv...
NDTV Business - 16 hours ago
In the past 10 trading days, the market price of Tanla Platforms has soared 58 per cent after the company said its stock has been included in MSCI India Domestic Small Cap index
Business Standard - 16 hours ago
Coriander for delivery in January traded lower by Rs 190, or 2.97 percent, to Rs 6,212 per quintal in 225 lots.
EconomicTimes - 16 hours ago
Shares of Kotak Bank, Eicher Motors, Bharti Airtel, Axis Bank and Asian Paints were the top losers in the Nifty pack, down up to 4 per cent.
For delivery in January, cottonseed oil cake traded higher by Rs 82, or 4 percent, to Rs 2,133 per quintal with an open interest of 17,600 lots.
The contracts for delivery in January rose by Rs 87, or 1.46 percent, at Rs 6,038 per five quintal as open interest stood at 18,575 lots.
Guar seed for January delivery traded higher by Rs 44, or 1.11 percent, to Rs 4,010 per 10 quintal with an open interest of 13,900 lots.
Refined soya oil contracts for January delivery rose by Rs 2.1, or 0.2 percent, to Rs 1,053 per 10 kg in 12,725 lots.
The Hindu Business - 16 hours ago
Soybean for January delivery traded higher by Rs 53, or 1.22 percent, to Rs 4,414 per quintal with an open interest of 97,025 lots.
Sebi found that certain entities who were found to be person acting in concert had acquired shares in excess of 5 percent and 10 percent.
Germany and the four nations of the United Kingdom unveiled plans to allow gatherings with limitations for Christmas, while France will start easing its lockdown this weekend after a sharp drop in ...
EconomicTimes - 17 hours ago
On November 17, the RBI unveiled a draft merger scheme under which DBS will infuse Rs 2,500 crore regulatory capital into the cash-strapped LVB. The regulator wants the entire process to be complet...
Stock recovers 18% since Norges Bank’s ‘human rights’ warning
The Hindu Business - 17 hours ago
The Shanghai Composite index was down 1.19% at 3,362.33, the biggest slump within a day since Oct. 30.
Local media reported that Tokyo will urge bars and restaurants to operate shortened hours following a surge in coronavirus infections.
The Dow Jones Industrial Average breached the 30,000 level overnight for the first time on optimism surrounding vaccine progress and Biden's transition.
The roadbridge will be19-km long, to bebuilt along the NH 127-B, across the Brahmaputra river will connect Dhubri in Assam to Phulbari in Meghalaya.
NDTV Business - 17 hours ago
"In 2019, the sector had degrowth, in 2020 Covid hit us. Now December 2022 is a logical timeline for us for the IPO," JSW Cement managing director Parth Jindal said at a virtual briefing to announc...
Shriram Transport reported a better-than-expected net profit in Q2FY21 at Rs 685 crore, on the back of net interest income of Rs 2,022 crore and lower-than-estimated provisioning
Business Standard - 17 hours ago
The index was trading 1.04 per cent down at 16377.3.
Banking and NBFCs, cement or even auto ancillary stocks from broader market to take the market higher, says Hemang Jani
EconomicTimes - 18 hours ago
The S&P BSE MidCap index was trading 0.77 per cent down at 16609.64.
“In my first two years of research, I used to go to office at 10 am and leave at 10 pm. Many times, I used to skip lunch. I was quite dedicated and I learnt a lot. That was the basic foundation tha...
The index was trading 0.93 per cent down at 11769.9.
Last week, the company announced its forays into home hygiene space with 'EMASOL'
Business Standard - 18 hours ago
The index was trading 1.12 per cent down at 21818.
HDFC Bank is the third most valued domestic firm in terms of market capitalisation.
EconomicTimes - 19 hours ago
Gold was down 0.20 per cent while silver dipped 0.15 per cent. Base metal counters were trading mixed with copper and aluminium in green and rest in red. Crude oil rose 0.93 per cent while its peer...
Analysts cite untapped opportunities, steady cash flow, healthy margins and high return ratios among the reasons to go bullish on this stock, even though they believe possible fresh lockdown in the...
Amazon had complained to stock exchanges, accusing Future of misleading public by making incorrect market disclosures, allegations the Indian group denies.
The market capitalisation of HDFC Bank went past Rs 8 lakh crore in early trade on Wednesday, making it the first domestic lender to achieve the fea
The Hindu Business - 19 hours ago
Here is a look at how different commodities are behaving in today’s market.
A number of stocks such as ACC, Ambuja Cements, Ultratech Cement, The India Cements, JK Cement, Deccan Cements and Sagar Cements have scaled 52-week highs this month, having risen between 20 per ce...
The committee of directors for capital raising approved allocation of 25,000 Basel-lll compliant non-convertible, taxable, perpetual, subordinated, unsecured, fully paid-up debt instruments to...
NDTV Business - 19 hours ago
The index was trading 2.26 per cent up at 1516.6.
The bonds of face value of Rs 10 lakh each, bearing a coupon of 7.18 per cent per annum, will have maturity of 15 years, it said. The bonds have a fixed allotment date of November 26, 2020.
State Bank of India shares are likely to be in the limelight after India's largest bank said that it raised Rs 2,500 crore from bonds to fund business growth.
With this, the scrip has rallied 154 per cent from March lows.
Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front
Business Standard - 19 hours ago
While ONGC stock is up 14.5 per cent over the last one month, it is still down 38.6 per cent for the year-to-date period.
Domestic benchmark index NSE Nifty was trading 55.10 points down at 13000.05, while the BSE Sensex was trading 198.05 points down at 44324.97.
Overall, 14 shares were trading in green in Nifty50 index, while 36 were trading in red in the afternoon trade.
EconomicTimes - 20 hours ago
In an interview with ET, Rahul Chadha says banking is the most attractive sector in India from a 6-9-month perspective.
The stock was listed on November 20, and since then has ended lower in one session.
With Rs 8-trillion milestone, HDFC Bank now stands at third position in the overall market-cap ranking of listed companies
Business Standard - 20 hours ago
The rupee appreciated 6 paise to 73.95 against the US dollar in the opening session on Wednesday on sustained foreign fund inflows and positive deve
The Hindu Business - 20 hours ago
The Nov. 12-24 Reuters poll of over 35 equity strategists predicted the BSE Sensex index, which is currently trading at a record high, would set new all-time peaks in the next year. It was forecast...
JM Financials Institutional Securities recently initiated coverage on UTI AMC with a 'BUY' rating and a target price of Rs 700
JP Morgan Asset Management is recommending beaten-down shares of travel companies, airlines and hotels; and Fidelity International is increasing holdings in regions such as Europe.
NDTV Business - 21 hours ago
Kedia says the more you fail in the market, the more you will learn. “That’s why failure is important in the equity market. It is important to stay on the pitch and play,” he says and admits that h...
EconomicTimes - 21 hours ago
Global stock markets have rallied since a sharp sell-off in March, ignoring deep recessions in most economies and driven largely by billions of dollars of fiscal and monetary stimulus and hopes for...
I am constructive on Pidilite, Kajaria and Havells to play the revival in housing and the overall economy, says Chadha.
In the 50-share pack Nifty, ONGC was the biggest gainer, up 4.66 per cent. Tata Motors, SBI, ICICI Bank, HDFC Bank, Grasim Industries, Bajaj Auto and Tata Steel were among other gainers.
Mahindra & Mahindra and Motherson Sumi Systems have rallied over 200 per cent from March lows.
Business Standard - 21 hours ago
PSU Bank, Media stocks join the party
The Hindu Business - 21 hours ago
In the spot market, gold prices plunged by Rs 1,049 to Rs 48,569 per 10 gram in the national capital on Tuesday following weak global cues and rupee appreciation, according to HDFC Securities.
In the past month, HDFC Bank has outperformed the market by gaining 17 per cent, against 10 per cent rise in the S&P BSE Sensex
EconomicTimes - 22 hours ago
Tesla is Wall Street's seventh most valuable company, just behind Berkshire Hathaway , and its shares have rallied over 30 per cent since November 16, when it was announced Tesla would join S&P 500...
NDTV Business - 22 hours ago
Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 26668.57 Crore).
Punjab National Bank, incorporated in the year 1969, is a banking company (having a market cap of Rs 28608.31 Crore).
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 228083.55 Crore) operating in IT Software sector.
Hindustan Copper Ltd., incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 3640.73 Crore) operating in Metals - Non Ferrous sector.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 32149.36 Crore) operating in Diversified sector.
Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 5633.33 Crore) operating in Cement sector.
JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 15094.35 Crore) operating in Cement sector.
Dalmia Bharat Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 19985.81 Crore) operating in Cement sector.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 31859.99 Crore) operating in Cement sector.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 141314.21 Crore) operating in Cement sector.
Cochin Shipyard Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 4707.83 Crore) operating in Defence sector.
Engineers India Ltd., incorporated in the year 1965, is a Mid Cap company (having a market cap of Rs 4679.30 Crore) operating in Services sector.
NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 93454.09 Crore) operating in Power sector.
The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 20498.03 Crore) operating in Cement sector.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 51090.65 Crore) operating in Cement sector.
Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 87472.54 Crore) operating in Cement sector.
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 3990.19 Crore) operating in Cement sector.
Here's a list of stocks that may trade actively in today's session.
Business Standard - 22 hours ago
The Dow is one of the oldest equity indices in the world; it was created nearly 125 years ago by Dow Jones & Company, founded by journalists Charles Dow and Edward Jones,
In Delhi,the price of petrol remained steady atRs 81.59 per litre, while diesel rates were untouched atRs 71.41 per litre, according to notifications from Indian Oil Corporation.
US Stocks ended at record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after US President-elect Joe Biden
The Hindu Business - 22 hours ago
Cement is a good play with the capital goods industry coming back, construction activity improving and real estate doing well, says Abhimanyu Sofat.
Scrips likely to see action: Muthoot Finance, Kesar Terminals, Gayatri Projects
Asian stocks made early gains on Wednesday, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as inv
The Dow Jones cracked the30,000 mark for the first time overnight as investors cheered a dramatically improved global outlook and formal clearance for President-elect Joe Biden's transition to the...
Nifty50 on Tuesday broke above the crucial resistance of 13,000-mark with ease. The index formed a bullish candle on the daily chart. Analysts said the bulls seem to be in no mood to give in. They ...
EconomicTimes - 23 hours ago
The main drivers of that exuberance were increasing confidence a COVID-19 vaccine would be ready soon and the formal start of U.S. president-elect Joe Biden's transition to the White House, which e...
The chart pattern and positioning of oscillators are pointing towards a sharp up move in Aurobindo Pharma in the near future
Business Standard - 23 hours ago
The Nifty has gained about 12 per cent so far this month on the back of upbeat vaccine trial results and strong inflows from foreign institutional investors.
NDTV Business - 23 hours ago
Spot gold rose 0.1% to $1,809.41 per ounce by 0124 GMT. Prices hit $1,800.01 on Tuesday, its lowest level since July 17.
LIVE Market updates: Shares of Tata Consultancy Services may trade actively since today is the last day to participate in the Rs 16,000-crore share buyback
West Texas Intermediate crude was down 14 cents, or 0.3%, at $44.77 a barrel by 0035 GMT, after rising more than 4% on Tuesday. Brent crude was yet to trade, having risen almost 4% in the previous ...
Nifty50 index also remains above the 20-day SMA and has now closed at a new life time high after clearing the recent highs of 12,963
Shares of Tata Consultancy Services may trade actively today since it is the last day to participate in the Rs 16,000-crore share buyback
The company said that the Agra-Etawah build-operate-transfer project has been issued a completion certificate.
Most mid- and small-cap stocks have underperformed the Sensex and Nifty since January 2018 with institutional investors staying away from them in the absence of stable earnings growth.