Rollback of surcharge on FPIs could boost sentiment

Additionally, several other measures announced by the finance minister would also effectively help remove several pain points in the economy, which could help revive the sentiments.
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Analyst Corner: Maintain ‘neutral’ on P&G Hygiene and Healthcare

While the structural growth opportunity in the feminine hygiene segment (~70% of sales) remains very promising, valuations of 52.1x FY21E EPS do not leave much room for an upside. Maintain Neutral.

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Analyst Corner: Maintain ‘buy’ on Tata Power; target prics of Rs 87

Under the DMO, introduced just before the elections in Indonesia, 25% of the mine production was to be sold to domestic buyers (mainly PLN) at a capped price.

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Kerala eyes Karnataka for milk supply on Onam

The Nandini brand of Karnataka Co-operative Milk Producers Federation sells about 35 LLPD and the rest of the dairy players sell about 10 LLPD milk.

Commodities News

Nomura lowers Nifty target, Jefferies cuts its India exposure

Nomura on August 22 cut its March 2020 target for Nifty to 11,800 from 12,900, citing a slower-than-expected earnings growth.

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Higher FPI tax not the only reason behind heavy selloff, says Sebi chairman Ajai Tyagi

It is also expected that after new product launches on the exchanges and existing products picking up in volumes, the turnover will increase further.

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India forex reserves dip by $70.8 million to $430.5 billion

The reserve position in the IMF fell by $10.9 million to $3.625 billion, the central bank said.

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Withdrawal of enhanced surcharge on FPIs a big positive for markets, could reverse outflows: Analysts

The decision to levy enhanced surcharge, announced in the Budget, had spooked the stock markets.

Withdrawal of enhanced surcharge on FPIs a big positive for markets, could reverse outflows: Analysts

Sensex, Nifty see a breather on FPI rollback buzz; Nifty Bank sees biggest weekly fall in 11 months

The headline indices Sensex and Nifty saw a breather on Friday on expectations of FPI tax roll back and some measures by the government to boost growth.

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Yes Bank share price jumps 9% after $1.2 billion fund raising plan report

Shares of India's major private sector lender Yes Bank jumped in trade on Friday, after a media report said the bank is eyeing a $1.2 billion in additional fund raising.

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Share Market Highlights: Sensex ends 228 points up, Nifty above 10,800; Yes Bank, VEDL top gainers

Share Market highlights: The headline indices Sensex and Nifty ended the session higher on Friday, amid reports that the government may issue some clarification on the FPI tax issue.

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Gold inches lower as focus shifts to Fed chair speech

Spot gold edged down 0.1% to $1,496.78 per ounce as of 0120 GMT.

Gold prices, US Fed chair, Spot gold, US gold futures, Jerome Powell, imports of gold, SPDR Gold Trust News

Oil prices eke out small gains ahead of Fed Chair speech

"Oil is set to trade quietly today as it's all about the Jackson Hole (meeting) tonight," Jeffrey Halley, a Singapore-based senior market analyst at brokerage Oanda.

Oil prices, Brent crude, Jerome Powell, US dollar, OPEC, US crude futures, Federal Reserve News

Global markets: Asian stocks shaky before Jerome Powell’s speech as growth woes weigh

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.1% lower, though it was up 0.6% for the week and on track to break a four-week losing streak.

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Analyst Corner: Maintain ‘buy’ on Sadbhav; revised target price of Rs 162

Expect FY20 to also remain flat with 5% topline growth on execution, liquidity challenges and delays in ADs for mainly three HAMs project (pushed to Q4 against Q2 earlier). To aid liquidity for underc

HAM project, Sadbhav, SADE, CAGR, market news, InVIT, SIPL, market news

Analyst Corner: Reiterate ‘buy’ on LIC Housing Finance

With LICHF's GNPA's rising 80 bps to 1.98% over last year in Q1FY10 led by a sharp increase in developer GNPA, a key concern is around potential further rise in developer GNPA given broader stress in

LIC Housing Finance, LIC payment, LIC  policy, market news, NBFC, market news

Rupee falls to 2019 lows on Yuan depreciation, selloff

The dollar index was trading at 98.33 on Thursday and had recently hit over 2-year high levels. Most Asian currencies were trading weak against the greenback on Thursday except only the Japanese yen,

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Benchmark indices continue to slide as stimulus hopes dim

With more than 100 companies of BSE500 stocks hitting 52-week lows on Thursday, the number of stocks hitting one-year low has surged to a whopping 2,471 between July 1 and now.

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Onion price surge: What Maharashtra FPC doing to check further hike

Thorat said that a large part of the procurement had reached Delhi to be sold through Mother Dairy’s fruit and vegetable outlets Safal. Onions have also reached Delhi mandis such as Azadpur, and nei

 price rise, Government, MEP, onion, onion price, minimum export price, market news, commodity news

Sensex plunges to fresh 5-month low, Nifty below 10,750; key factors behind fall

The headline indices Sensex and Nifty slumped for the third consecutive session on Thursday, even as investors keenly await a stimulus from the government amid growing domestic slowdown and global con

Markets News

A first for Indian Railways: IRCTC to come up with IPO; key things to know

With an aim to raise capital, Indian Railway Catering and Tourism Corporation (IRCTC) has filed draft papers for its initial public offer (IPO).

Markets News

How SEBI’s easing of regulatory norms for FPIs may be big boost for stock markets

With SEBI easing the regulatory framework for foreign portfolio investors (FPIs), the stock markets are expected to become more attractive with investments getting boost, said experts.

The dollar’s share in import transactions remained unchanged at about a third. (Representational Image) News

Coal India shares fall 4% after Power Secy Garg raises need to award 5 coal blocks to big pvt firms

Shares of government-owned Coal India fell 4 per cent intraday after Power Secretary Subhash Chandra Garg said there is a need to award five coal blocks of 100 million tonne capacity to big private co

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Yes Bank shares plunge to fresh 52-week low after CG Power valuation concerns

Shares of India's major private sector lender Yes Bank extended decline on Thursday, even as investors were worried about the valuation of fraud-hit CG Power in which the bank holds more than 12% stak

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