Market News
Sensex adds 160 points as Infosys, HDFC, TCS lead; Tata Motors tanks 7%; rupee regains 12 paise vs US dollar
FE Online | May 24, 2018 9:55 AM
Indian stock markets started higher on Thursday with BSE Sensex rising more than 100 points as blue-chip shares of India's second-largest IT company Infosys and country's largest housing financier HDFC contributed considerably to the upsurge.
As petrol, diesel prices hit fresh record high, government looks at ONGC to share burden
FE Online | May 24, 2018 9:39 AMAs petrol and diesel prices continue to breach record highs in quick succession, to touch a new peak on Thursday, the government is reportedly looking at ONGC to share the burden.
Oil prices drop on potential increase in OPEC output; Brent crude stays above $79
Reuters | May 24, 2018 8:49 AMShares in news: Suzlon, Tata Motors, HDFC Bank, KPIT, IFCI, Moil, Jet Airways, Grasim, GSK Pharma, Cummins
FE Online | May 24, 2018 9:19 AMBlue-chip investment plan: 7 large-cap stocks that may grow your money by up to 56%
FE Online | May 23, 2018 12:18 PMPetrol price urgency: Minister's big statement on government's plan to manage fuel prices
FE Online | May 23, 2018 4:19 PMDollar at five-month high as Fed minutes signal a hike "soon"
Reuters | May 24, 2018 2:56 AM-
Petrol price over Rs 85 in Mumbai, crosses Rs 80 in Kolkata
IANS | May 24, 2018 6:13 PMPetrol price in Mumbai breached the Rs 85 a litre mark on Thursday and sold at Rs 85.29 per litre.
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Has oil price reached its peak? OPEC could swing into action that may turn the heat off of oil
FE Online | May 24, 2018 6:14 PMGulf OPEC countries are leading the initial talks on when the exporting group can boost oil production to cool the oil market after crude rose above $80 a barrel last week.
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Sebi eases market access for foreign investors in IFSC
PTI | May 24, 2018 5:41 PMWith a view to facilitate ease of market access for foreign investors, markets regulator Sebi today allowed ‘segregated nominee account structure’ in international financial services centre (IFSC) for such investors to trade on stock exchanges.
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Sensex surges 318 points, but is down 900 points in last 7 days; 4 key reasons behind the rout
Abhijeet Singh | May 24, 2018 5:34 PMBSE Sensex may have ended with gains on Thursday but is still down nearly 900 points in the last seven trading session. We take a look at four reasons behind the 900-point downtick.
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DMart shares zoom 6% after 50 lakh shares change hands in bulk deal; has RK Damani sold stake?
FE Online | May 24, 2018 4:18 PMAvenue Supermarts shares zoomed 6% on Thursday afternoon after nearly 50 lakh shares got traded in bulk deals, with news reports suggesting the promoter Radhakrishnan Damani has sold a part of his stake.
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Are blue-chip IT stocks becoming ‘safe haven’ for investors? Here’s what analysts say
Porisma P Gogoi | May 24, 2018 1:55 PMDespite the recent downturn in the domestic bourses, the IT sector has emerged as an attractive segment for investors. While a stronger dollar has always rendered good valuation to stocks of IT companies, analysts suggest that the current trend of the tech-giants posting healthy quarterly earnings has added to the shine of this sector’s shares.
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Only bravehearts must buy PSU bank shares at present, says Motilal Oswal
FE Online | May 24, 2018 1:45 PMThe 15 public sector banks that have announced their Q4 results so far reported accumulated losses of nearly Rs 44,241 crore almost double of Rs 19,000 crore posted in the quarter ended December 2017.
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Is $100 a barrel crude oil already here? The 3-digit figure becomes options traders’ 2nd favourite bet
Bloomberg | May 24, 2018 1:20 PMSome options traders are betting on $100 oil again. Whether it’s the specter of sanctions on Iran, Venezuela’s output plunge, or a momentum play on the back of the past year’s 46 percent surge in Brent, there are now the equivalent of about 93 million barrels wagering on the global benchmark hitting $100 at some point in the next 12 months. While triple-digit oil may be a way off in practice, talk that prices could top that barrier over the next 12 months is gaining traction.
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Latest small-cap bet! Buy this stock below Rs 55 and gain up to 50%
FE Online | May 24, 2018 1:04 PMIn the earnings-packed environment, we take a look at a small-cap metal stock priced below Rs 55. The company has recently reported better-than-expected Q4 results driving on the back of higher revenue. According to a brokerage firm, the stock can gain up to 50%.
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Lenovo becomes world’s worst tech stock after profit plunges 69%; smartphones to blame
Bloomberg | May 24, 2018 12:44 PMLenovo Group Ltd. posted a 69 percent decline in profit as the personal computer market continues to stagnate and its smartphone business shows little sign of recovery. The world’s second-largest PC vendor reported a net income of $33 million in the three months ended March.
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Netflix trumps cable TV! Overtakes Comcast in market cap as people switch to video streaming
Bloomberg | May 24, 2018 12:41 PMNetflix Inc. overtook cable giant Comcast Corp. in market value on Wednesday, highlighting the dramatic rise of video streaming at the expense of traditional television.
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Veteran stock picker Mark Mobius finds value in India tech, finance shares amid pain in emerging markets
Bloomberg | May 24, 2018 12:06 PMEven the normally bullish Mark Mobius says there’s worse to come for emerging markets. For Mobius, the declines are throwing up opportunities. Indian financial stocks look attractive as “the government has come in to bail out the banks.”
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Tata Motors shares tank over 8% as brokerages slash target price after Q4 net profit falls 50%
FE Online | May 24, 2018 10:41 AMThe global brokerages slashed the 12-month target price for Tata Motors as company’s consolidated net profit halved to Rs 2,175 crore on a year-on-year basis for the three months ended March 31, 2018.
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Sensex adds 160 points as Infosys, HDFC, TCS lead; Tata Motors tanks 7%; rupee regains 12 paise vs US dollar
FE Online | May 24, 2018 9:55 AMIndian stock markets started higher on Thursday with BSE Sensex rising more than 100 points as blue-chip shares of India’s second-largest IT company Infosys and country’s largest housing financier HDFC contributed considerably to the upsurge.
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As petrol, diesel prices hit fresh record high, government looks at ONGC to share burden
FE Online | May 24, 2018 9:39 AMAs petrol and diesel prices continue to breach record highs in quick succession, to touch a new peak on Thursday, the government is reportedly looking at ONGC to share the burden.
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Shares in news: Suzlon, Tata Motors, HDFC Bank, KPIT, IFCI, Moil, Jet Airways, Grasim, GSK Pharma, Cummins
FE Online | May 24, 2018 9:19 AMIndian equity markets are likely to open higher following the Wall Street upsurge with the early indicator of NSE Nifty, SGX Nifty trading up 0.37% at 10,459.5 at the Singapore Exchange on Thursday.
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Wall Street ends up as Federal Reserve seen keeping gradual approach to rate hikes
Reuters | May 24, 2018 8:49 AMUS stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes.
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Oil prices drop on potential increase in OPEC output; Brent crude stays above $79
Reuters | May 24, 2018 8:49 AMOil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran. International benchmark Brent futures were down 15 cents, or 0.19 percent, at $79.65 per barrel at 0103 GMT.
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We are looking at 25-30% growth in the unsecured segment, says Arvind Kapil of HDFC Bank
Shritama Bose | May 24, 2018 3:17 AMIt will mirror the industry. There are all early signs of green shoots in the economy, showing that it should go up. So if capital investment goes up, then homes should see an upward trend. Growth should be around 18-20% for the industry.
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Dollar at five-month high as Fed minutes signal a hike “soon”
Reuters | May 24, 2018 2:56 AMThe dollar held near a more than five-month high against a basket of currencies on Wednesday.
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Wall Street ends up as Federal Reserve seen keeping gradual approach to rate hikes
Reuters | May 24, 2018 2:44 AMUS stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes.
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Oil falls on shock US stock builds, OPEC supply worries
Reuters | May 24, 2018 2:09 AMOil benchmarks fell on Wednesday after an unexpected build in US crude and gasoline inventories despite strong demand
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It’s only Nifty 50, not Star Wars; NSE must spare itself legal tussle over SGX derivatives
Bloomberg | May 23, 2018 8:09 PMThe tussle between India and Singapore over where financial risk pertaining to the former should be traded is getting tiresome. Hedge funds investing in India were perfectly happy with SGX Nifty futures; and NSE earned a license fee from SGX.
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PSU banks day! SBI biggest gainer amid Sensex, Nifty today; 14 of total 21 PSB shares end in green
FE Online | May 23, 2018 4:28 PMAs shares of India’s largest bank by asset size SBI (State Bank of India) surged more than 6% on Wednesday even after the bank reported the deepest-ever quarterly loss for the Jan-Mar period of the FY18, 14 out of the total 21 PSU bank shares ended in green.
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Petrol price urgency: Minister’s big statement on government’s plan to manage fuel prices
FE Online | May 23, 2018 4:19 PMUnder fire from all quarters due to briskly rising petrol and diesel prices, the government on Wednesday said that a plan is being worked out to control the frequent fuel price volatility.
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HPCL Q4 profit dips 4% on lower refining margin
PTI | May 23, 2018 3:11 PMInventory gains happen when a company buys crude oil at a particular price but by the time it is able to ship it to India and refining it into fuel, the rates have gone up.
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Smallcap guru Porinju Veliyath says ‘all is well’ in economy, ‘sell in May and go away’ not for investors
FE Online | May 23, 2018 1:31 PMEven though recent sell-off in midcaps and smallcaps coupled with rising crude oil prices has raised concerns, investors need not get baffled due to this as the economy is currently well placed.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
