Nirmala Sitharaman LIVE: Sensex soars ahead of FM meeting with PSU banks; WPI inflation at 4-year low

Nirmala Sitharaman LIVE: The Finance Minister is meeting the heads of PSU banks and it is expected that the minister will review the progress of the partial guarantee scheme to the NBFCs.
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IRCTC to make stock market debut on Monday

IRCTC is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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Quarterly earnings from Reliance, others and global trends to drive equities this week, say experts

Announcing its results after market hours on Friday, India's second-largest IT services company Infosys said its consolidated net profit declined by 2.2 per cent to Rs 4,019 crore for the July-Septemb

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Eight of top-10 firms add Rs 80,943 crore in m-cap; RIL leads

Only Tata Consultancy Services (TCS) and ITC from the top-10 pack suffered losses in their market capitalisation (m-cap) for the week ended Friday.

Markets News

Daiwa Capital Markets: Upgrade IndusInd bank to ‘buy’, 12-month TP Rs 1,730

The bank benefitted from reduction in corporate tax rates. While it also had to provide for repricing of its deferred tax assets (DTA), it brought down the tax rate to 25.6% in 2Q FY20 from 34% in 1Q

The bank’s corporate loans grew only 8% Y-o-Y (after adjusting for the sale of loans and repayments of stressed loans) in 2Q FY20. News

Earnings season to be tepid again; Private banks, consumer and capital goods likely to provide some respite

Besides NBFCs, banks too have started facing asset quality concerns now.

Markets have remained weak in Q2FY20, despite the sharp bounce back post tax cut. News

Proposed RCEP will worsen trade deficit in plantation commodities, says apex body

Natural Rubber (NR), pepper, coffee and tea are likely to come under intense competition and imports into the country are likely to increase over time, the study said.

Among the five plantation commodities, Natural Rubber (NR) and pepper have an overall trade deficit, irrespective of RCEP. News

Jefferies: Vaccine, dental, urology drive pharma growth

Indian pharma growth improved to 11.9% in September vs August: 9.5% as volume growth improved to c.3.5%. 2Q20 growth at 11% is the highest in past three years.

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CCI starts buying cotton from Punjab, Rajasthan

The Cotton Corporation of India (CCI) has commenced procurement of cotton in Punjab and Rajasthan since prices of the crop have come under pressure in these states.

Commodities News

CARE Ratings downgrades various bank facilities of Jain Irrigation

Data from Bloomberg showed total debt of the company stood at Rs 4,856 crore as on March 2019.

Markets News

Soyabean production likely to decrease 18 per cent in 2019

The excessive rains this year are likely to affect the soyabean production by around 20 lakh tonne in the country and stand at 89.9 lakh tonne, according to an assessment by the Soyabean Processors As

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Container Corporation of India rating: Buy; Scale of correction is unwarranted

Response to SEIS scheme news seems overdone; implied upside likely from sale of controlling stake; TP raised to Rs 670.

Markets News

Mutual Funds suffer 1.5 lakh crore outflow in September, liquid funds contributes most

In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and Dewan Housing Finance Corporation (DHFL)

Mutual Funds, Amfi, IL&FS, DHFL, Essel group, equity schemes, gold exchange traded funds News

Diwali bonanza for shareholders: After TCS, Infosys announces dividend; check record, payment dates

Shareholders of Infosys and TCS have something to look forward to in the coming festive season, as these IT behemoths have declared an interim dividend.

Markets News

Sensex up nearly 250 pts, Nifty just above 11,300; key reasons

The benchmark indices -- Sensex and Nifty -- ended on a positive note tracking cues from global markets encouraged by hopes of a trade truce between the US and China.

Both the Sensex and Nifty lost about 1% on Thursday News

Why RBI’s 25bps repo rate cut was a missed opportunity

It is rarely the case that all national macroeconomic events align as well as they had done in the first week of October 2019.

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TCS share price plunges after tepid Q2 results; should you buy or sell stock?

Shares of India's largest IT behoemoth Tata Consultancy Services plunged on Friday, after the firm reported tepid Q2 results.

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Don’t buy Bitcoin: Cryptocurrencies will collapse, warns expert; buy stocks, realty, bonds instead

A wealth planner has warned that investing in cryptocurrencies might not be a very good idea. Instead, he advocated for investing in things like stock market, bonds and real estate. 

bitcoin price, bitcoin price usd, bitcoin news, bitcoin to inr, bitcoin to usd, bitcoin rate, bitcoin india, bitcoin price in inr, bitcoin mining, bitcoin news india News

Rupee rises 27 paise to 70.80 against US Dollar in early trade

Domestic bourses opened on a positive note on Friday with benchmark indices Sensex trading 425.29 points higher at 38,305.69 and Nifty up 110.75 points at 11,345.30.

Rupee had settled at 71.07 against the US dollar on Thursday. News

Infosys Q2 results HIGHLIGHTS: Infosys Q2 net profit at Rs 4,019 crore; meets estimates

Infosys Q2 results HIGHLIGHTS: India's largest IT behemoth Infosys has reported Q2 results in-line with estimates. The revenues came in at Rs 22,629 crore.

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Gold inches lower as Trump’s remarks boost trade talk hopes

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.22 percent to 921.71 tonnes on Thursday from 923.76 tonnes on Wednesday.

Spot gold was down 0.2% at $1,491.12 per ounce, as of 0105 GMT. News

Oil extends gains on prospect of deeper OPEC output cuts, trade talks hopes

OPEC lowered its 2019 global oil demand growth forecast to 0.98 million barrels per day (bpd), while leaving its 2020 demand growth estimate unchanged at 1.08 million bpd, according to OPEC's monthly

West Texas Intermediate (WTI) crude futureWest Texas Intermediate (WTI) crude futures rose 20 centss rose 20 cents News

Asian shares firm as “very good” trade talks boost risk appetite

The more bullish market mood came after a first day of trade talks between top U.S. and Chinese negotiators that Trump characterised as "very, very good."

Rising risk appetite tarnished gold's appeal, pushing spot gold down 0.16% to $1,491.65 per ounce. News

Piramal files plaint with Sebi over market rumours

Piramal Enterprises (PEL) on Thursday filed a complaint with Securities and Exchange Board of India (Sebi) regarding “misleading rumours” against its financial services business.

On Thursday stock of Piramal Enterprises ended the day at Rs 1364.35 down by 2.2% on BSE. News
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