Market News
Sell-off shakes Dalal Street! Sensex ends at 36,842 after kissing 35,994; Yes Bank dives 29%, DHFL dips 42%
FE Online | September 21, 2018 9:25 AM
Share Market Live: Indian stock markets (Sensex and Nifty) closed lower on Friday facing a knee-jerk reaction in the intraday deals with Sensex closing 280 points lower and Nifty slipping below 11,150 while Yes Bank (down 28%) and DHFL (down 42%) ended in deep red.
This is the world's most disappointing stock
Bloomberg | September 19, 2018 3:46 PMFor the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd.
Jet Airways shares continue to fall; tank 8 percent
PTI | September 21, 2018 1:01 PMMutual fund investments to be more profitable as SEBI revises fee structure; returns to rise
FE Online | September 19, 2018 3:34 PMRising petrol, diesel prices: This mobile wallet offers up to Rs 100 off; offer valid between 6-9 pm today
FE Online | September 19, 2018 12:00 PMHDFC mutual fund share price falls 9% after SEBI caps fees, down 29% from all-time high as AMC stocks crack
FE Online | September 19, 2018 12:03 PMBank of Baroda tops turnover on NSE! Rs 500 crore worth shares traded in 50 mins amid mega PSU merger buzz
Abhijeet Singh | September 18, 2018 12:17 PM-
Extreme volatility: Stocks fickle on Freaky Friday – NBFC, HFC shares tank on liquidity scare
FE Bureau and Agencies | September 22, 2018 3:26 AMNBFC, HFC shares tank on liquidity scare; Sensex regains some ground after over 1,000-point flash crash.
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US-China trade war: India’s cotton exports to China may see a fivefold jump
FE Bureau | September 22, 2018 2:44 AMIndian traders have already entered into a forward contract with Chinese buyers to deliver about 1.2 million bales between November and January.
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Supreme Court stays insolvency proceedings against Mack Soft
FE Bureau | September 22, 2018 1:58 AMThe Supreme Court has stayed the insolvency proceedings against Mack Soft Tech by its holding company Quinn Logistics India (QLI) for recovery of dues of around Rs 63 crore from the IT park developer.
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Ola parent infuses fresh capital of Rs 50 cr into cab-leasing business
Anushree Bhattacharyya | September 22, 2018 1:54 AMANI Technologies, which runs cab-hailing service Ola, has put in fresh capital of Rs 50 crore into its cab-leasing business Ola Fleet Technologies, according to regulatory filings sourced by data intelligence platform Paper.vc.
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Selling spree: A fourth of BSE500 firms hit 52-week lows
Yoosef KP | September 22, 2018 12:35 AMAs many as 126 companies in the BSE500 universe saw their stocks falling to the lowest level in the last one year.
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Kerala to go for Rs 1,500-cr masala bond
FE Bureau | September 22, 2018 12:26 AMKerala’s infra fundraising arm KIIFB (Kerala Infrastructure Investment Fund Board) will go for Rs 1,500-crore masala bond in London in October, as part of its Rs 5,000-crore global MTN (Medium Term Note) programme.
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Analyst Corner: ‘Hold’ on Max India with target price of Rs 90
Edelweiss | September 22, 2018 12:21 AMRadiant Life (Radiant), KKR’s portfolio company, recently announced that it will acquire Life Healthcare’s 49.7% stake in Max Healthcare (MHC).
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Analyst Corner: Maintain ‘Buy’ on JSW Steel with TP of Rs 484
Nomura | September 22, 2018 12:17 AMSteel capacity expansion in FY18-21F likely to be limited, which will likely saturate capacity in next three-four years, in our view. Already in FY19 we are seeing steel demand growing faster than GDP.
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Millers seek 15% subsidy for exports of pulses
Nanda Kasabe | September 22, 2018 12:10 AMThe All India Dal Millers Association (AIDMA) has sought a 15% subsidy on the export of pulses to tap markets in around 150 countries across the globe.
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Sebi issues revised KYC norms for foreign portfolio investors
PTI | September 21, 2018 9:13 PMMarkets regulator Sebi Friday issued revised KYC norms for foreign portfolio investors, wherein resident as well as non-resident Indians have been permitted to hold non-controlling stake in such entities.
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SEBI addresses FPI worries, issues revised KYC rules overriding April circular after outflow concerns
FE Online | September 21, 2018 6:40 PMIn a significant move, market regulator SEBI on Friday came out with revised KYC norms for foreign investors.
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Did DSP MF selloff trigger DHFL share price crash? DSP allays fears, says no concern on company, management
FE Online | September 21, 2018 4:37 PMAfter DHFL shares plunged by 55% intra-day, DSP MF said that the house has sold DHFL paper worth Rs 300 crore in the past few days to capitalise on the interest rate fluctuations., adding that there are no concerns about DHFL’s management.
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Yes Bank loses $3.1 billion in market value after RBI curtails CEO’s term
Reuters | September 21, 2018 3:58 PMIndian private sector lender Yes Bank Ltd’s shares tumbled nearly a third on Friday, wiping as much as $3.1 billion off its market value, after the central bank reduced charismatic CEO Rana Kapoor’s term, creating uncertainty about its outlook.
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Gold rises on firm global cues, jewellers’ buying
PTI | September 21, 2018 3:25 PMGold prices hardened by Rs 50 to Rs 31,700 per 10 gram at the bullion market Friday in line with a firming trend overseas amid increased buying by local jewellers.
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Bloodbath in housing finance shares! DHFL recovers from 60% fall as Chairman rushes in to assuage fears
FE Online | September 21, 2018 3:08 PMThe shares of Dewan Housing Finance Corporation Limited (DHFL) plunged 59.67 percent to Rs 246.25, its 52-week low, on BSE.
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Why Sensex fell 1100 points in intraday trade today; here’s why top stock market experts are not worried
FE Online | September 21, 2018 3:09 PMSensex and Nifty observed a major crash in the afternoon trade today following a sharp fall in housing finance stocks.
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Jet Airways shares continue to fall; tank 8 percent
PTI | September 21, 2018 1:01 PMShares of Jet Airways continued to fall for the second straight session Friday, tumbling 8 per cent amid concerns over Income Tax officials conducting survey of its premises.
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Why Yes Bank shares are falling; key reason behind biggest plunge in 10 years
FE Online | September 21, 2018 2:01 PMShares of India’s major private sector lender Yes Bank crashed by 34% in the morning trade, it’s biggest intra-day plunge in a decade after CEO Rana Kapoor’s term was cut short on Wednesday.
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Yes Bank shares crash 34% to 2-year low after CEO Rana Kapoor’s term cut short
FE Online | September 21, 2018 10:14 AMShares of Yes Bank crashed 34%, their steepest pct plunge since January 2008, in opening deals on Friday after the term of CEO Rana Kapoor was cut short on Wednesday.
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Petrol prices hiked to new all-time high to Rs 89.69 in Mumbai, check latest rates in metros
FE Online | September 21, 2018 9:51 AMThere seems to be no respite from rising fuel prices as petrol prices were hiked to new all-time high on Friday. In financial capital Mumbai, petrol prices were hiked to Rs 89.69, inching closer to the 90-mark.
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Sell-off shakes Dalal Street! Sensex ends at 36,842 after kissing 35,994; Yes Bank dives 29%, DHFL dips 42%
FE Online | September 21, 2018 3:57 PMShare Market Live: Indian stock markets (Sensex and Nifty) closed lower on Friday facing a knee-jerk reaction in the intraday deals with Sensex closing 280 points lower and Nifty slipping below 11,150 while Yes Bank (down 28%) and DHFL (down 42%) ended in deep red.
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Challenging times: JLR woes – Fitch revises outlook on Tata Motors
FE Bureau | September 21, 2018 2:46 AMIt said that free cash flow fell significantly in FY18 to negative 4.2% and will further decrease to around negative 6% in FY19.
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Fundraising: SBI raises $650 million via green bonds
FE Bureau | September 21, 2018 2:39 AMState Bank of India (SBI) on Wednesday raised $650 million through an issuance of green bonds.
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FY19 yields better returns for newly-listed PSUs than FY18
Bharadwaj Sharma | September 21, 2018 1:29 AMEven as the central government achieved its disinvestment target in financial year 2017-18, several public sector stocks which got listed in that year are currently trading below their issue prices.
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E-NAM starts logistical support for trading outside mandis
FE Bureau | September 21, 2018 12:27 AMThe government-promoted electronic-National Agriculture Market (e-NAM) has entered another phase with the launch of pilot project giving logistical support to trading outside mandis.
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Maharashtra mills seek mandatory raw sugar production
Nanda Kasabe | September 21, 2018 12:23 AMIn a representation to Subhash Deshmukh, Maharashtra minister for cooperation, BB Thombre, president, WISMA pointed out that during the last three years, prices of both whites and raws have been falling in the global market.
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Giving credit to one who cannot repay will create misery for all, says head of capital markets of Home Credit BV
Saikat Neogi | September 21, 2018 12:16 AMHome Credit India, a non-banking financial company, focuses on small-ticket loans for purchase of mobile phones, home appliances, etc., primarily to people with little or no credit history.
Horoscope: By Peter Vidal
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