Markets

Share market wrap: Nifty posts biggest weekly gain since 2016; check top stock picks for next week

The domestic stock market shrugged off the bears this week and posted gains of 5% tracking a rebound in the global markets, appreciation in the rupee and slumping of crude oil prices.

Stocks Decline as Investors Assess Trade Tensions: Markets Wrap

Stocks fell as investors assessed whether the U.S. and China will be able to ease trade tensions. Apple’s poor forecast hit tech-heavy indexes, while Treasuries declined after U.S. hiring rebounded

Donald Trump says US open to new Iran deal as sanctions set to return

The administration’s strategy is to punish Iran so severely that it’s compelled to negotiate a permanent end to its nuclear ambitions as well as what the U.S. calls its “malign behavior” in th

Iran sanctions kick in, bringing biggest oil disruption in years

After Trump withdrew from the nuclear deal with Iran and reimposed sanctions, European governments vowed to try and preserve the agreement and find ways to continue trading.

Punjab National Bank posts net loss of Rs 4,532 crore in Q2, provisions soar 300%

Punjab National Bank (PNB), the country's second-largest public sector lender on Friday reported a net loss of Rs 4,532 crore in the September quarter of FY19, against a net profit of Rs 561 crore a y

Hindalco standalone net soars 54% to rs 725 crore, cautious on rising imports

Higher operational efficiencies and lower finance cost boosted Hindalco Industries' standalone net profit, which jumped over 54% on a year-on-year basis to `725 crore for the three months of July-Sept

SAIL posts Rs 554-crore profit as earnings jump

Steel Authority of India (SAIL) on Friday reported a standalone net profit of Rs 554 crore during the July-September quarter on the back of higher steel prices and improved realisation.

NTPC Q2 net profit slips 1.1% as expenses rise amid coal shortage

The net profit of NTPC fell 1.1% year-on-year (y-o-y) to Rs 2,417.6 crore in the three months ended September 2018, as coal supply woes hit the country's largest power generator amid rising expenses.

PFC profit rises 12% to Rs 1,325 crore in Q2, firm raises borrowing limit

State-owned Power Finance Corporation (PFC) has reported net profit at Rs 1,324.7 crore for the quarter ended September 2018, recording a rise of 11.9% from the corresponding period a year ago.

Axis Bank Q2 net jumps 83% to Rs 790 crore

Axis Bank, India’s third-largest private sector lender by assets, on Thursday reported an 83% year-on-year (y-o-y) increase in net profits to Rs 790 crore for Q2FY19.

Analyst Corner: ‘Hold’on APL; resolution of Mundra could provide relief

Adani Power’s (APL) Q2FY19 PAT of `3.8 bn surpassed our estimate on account of `11.3 bn compensatory tariff (CT) booked in lieu of non-availability of coal for the Tiroda plant.

Analyst Corner: ‘Buy’on Tata Power; firm upbeat on renewable space

TPWR’s Q2 adj. PAT at `3.7 bn was in line with our/street estimates.

City Union Bank Q2 profit up 16%

City Union Bank (CUB) has reported a 16% growth in its net profit for the quarter ended September 2018 to `168 crore compared to `145 crore in the same quarter last fiscal.

Pune civic body to raise Rs 1,000 crore via Muni Bonds

The Pune Metropolitan Regional Development Authority (PMRDA) has started working on its proposed issue of municipal bonds.

Wipro rating ‘Neutral’: An improvement in performance

Results were marginally ahead on growth, but materially ahead on margins. Growth was broad-based across verticals (ex. Healthcare) and geos (ex of EU) and guidance of 1-3% q-o-q (1% inorganic) was in

Colgate Palmolive rating ‘Hold’: Q2 results in line with estimates

We maintain that Colgate’s market share loss has largely bottomed out, but improvement is likely to be gradual.

Stock gains curtailed, with US lower, on report US-China trade deal not imminent

Concerns that a trade deal between the U.S. and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U

US considering ‘significant reduction exceptions’ for nations to cut oil purchase from Iran

The US is considering "significant reduction exceptions" on a "case-by-case basis" for countries to bring down their oil purchase from Iran to zero ahead of the November 4 deadline set by the Trump ad

Time to go defensive this Diwali? These 2 pharma stocks could give you up to 20% returns

With Samvat 2075 on the doorstep, we take a look at the two pharmaceuticals stocks that could give investors up to 20% returns till next Diwali.

Now, invest in IPOs using UPI! SEBI to launch new payment mechanism for retail investors

An alternative payment option in form of Unified Payments Interface (UPI) would be launched by Securities and Exchange Board of India (SEBI) for retail investors for buying shares, the market regulato

Gold prices break 3-day rising spell, fall Rs 150 on weak global cues, fading demand

Breaking its three-day rising spell, gold price dropped to Rs 32,630 per 10 grams, losing Rs 150 amid weak global cues and muted demand from the local jewellers.

Oil majors gain: HPCL, BPCL, IOC share price rises as crude hits 7-month low

Oil majors gain: The shares of state-run oil market companies (OMCs) namely HPCL, BPCL and IOC surged up to 6 percent, majorly supported by fall in crude prices in the global oil market.

US President Donald Trump’s Xi Jinping tweet gives traders a straw to grasp

October was the worst month for U.S. stocks since 2011, with the S&P 500 Index tumbling 6.94 percent.

Nikkei logs biggest daily gain since March on eased trade concern

Japan's Nikkei logged the biggest daily gain since March on Friday buoyed by companies which have large exposure in China such as Yaskawa and Fanuc on hopes that U.S.-China trade tension may ease.

Australia shares turn up as report spurs Sino-US trade deal hopes; New Zealand slips

The S&P/ASX 200 index snapped back into the back in late trade after staying down for much of session, closing up 0.14 percent or 8.40 points at 5,849.20.

Hero MotoCorp, Bajaj Auto shares rise up to 5% after strong October sales data

Shares of two-wheeler makers Hero MotoCorp and Bajaj Auto rose up to 5% on the domestic bourses on Friday after the companies reported strong sales numbers for the month of October.

One phone call brings bulls back into Asia stock market; equities rally to best week in 8 months

There’s no shortage of superlatives to describe this equity rally: best four-day gain in more than two years, best week since February, first gain in six weeks and higher trading volume across the b

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