Markets

Share market HIGHLIGHTS: Sensex, Nifty end with nominal losses; IT, pharma worst performers; HPCL up 4%

Share market highlights: BSE Sensex ended Wednesday's trade with nominal losses, while NSE Nifty 50 closed above the 10,550-level. IT, pharma and realty sectors were the worst performers on the domest

Asia stocks shaken by plunge in crude oil, growth worries

Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply.

Oil prices tumble as traders look beyond Iran

Oil prices have fallen sharply since passing a cyclical peak at the start of October, amid surging production and mounting concerns about the state of the global economy and the outlook for consumptio

Aussie shares fall as resource stocks plunge; NZ flat

Australian shares traded lower on Wednesday as resource-based stocks dropped after oil prices dived on worries of oversupply and slowing global demand.

Sebi tightens norms for rating agencies, CRAs told to analyse deterioration in liquidity conditions

Market regulator Sebi tightened disclosure and review norms for credit rating agencies (CRAs) on Tuesday, following concerns this year after they failed to raise timely red flags ahead of collapse of

Income schemes see outflows for sixth consecutive month, redemption at Rs 37,642 crore

Income schemes continued to witness outflows for the sixth consecutive month in October, when redemption stood at Rs 37,642 crore.

Analyst Corner: ‘Hold’ on Indraprastha Gas with unchanged target price of Rs 265

The Q2 EBITDA for Indraprastha Gas at Rs 3.1 bn was in line with our/street estimate and PAT at Rs 1.9 bn was 3% beat on our estimate (-3% vs. street) on higher other income.

Analyst Corner: Maintain ‘buy’ on Eicher Motors, target price Rs 25,442

Eicher Motors (EIM) posted Q2FY19 consolidated Ebitda in line with our estimate (up 7% y-o-y to Rs 7.3bn).

Rakesh Jhunjhunwala’s favourite stock emerges as most consistent wealth creator in last 10 years; check top 10

Rakesh Jhunjhunwala’s favourite stock has emerged as the ‘Most Consistent Wealth creator,’ according to a study. We take a look at top 10 names.

Jet Airways share price climbs 6% despite weak quarterly results; here’s why

Jet Airways share price surged over 6% in morning trade deals on Tuesday despite the company reporting losses for the third straight quarter.

Warren Buffett’s big real estate bet: Eyes expansion into Milan, Dubai

One of Warren Buffett’s real estate brokerages waited 18 years to sign its first overseas franchise deal. Now the firm is extending its reach to regions from Italy to Japan and the Middle East.

Asian shares pare losses on US-China trade optimism, oil slides

Japan's Nikkei dived over 2 percent, led by losses in electric machinery makers and suppliers of Apple's iPhone parts after three suppliers issued warnings on results, sending tech-heavy Nasdaq slumpi

Share market HIGHLIGHTS: Sensex ends 331 points higher, Nifty above 10,550; Eicher Motors gains 6%

Share market HIGHLIGHTS: After opening negative on Tuesday morning, the Sensex made a smart recovery on Tuesday afternoon, buoyed by a strong rally in bluechip stocks. The 30-share Sensex ended 331.5

Asian shares sell-off on Wall Street tech rout, sharp drop in crude oil prices

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.7 percent to a 1-1/2 week trough, with Australian shares sinking 1.6 percent.

US dollar hits 16-month high, yen boosted by risk-off sentiment

Investor confidence has been eroded by bitter trade tensions between the United States and China, fears of a no-deal Brexit, and a standoff between Rome and the European Union over Italy's deficit-dee

Crude oil falls as Donald Trump raps OPEC’s supply cut plan, global markets skid

The fall came amid a broad market selloff in Asia and before that on Wall Street, while the U.S.-dollar hit a 16-month high on Tuesday, making oil imports more expensive for any country using other cu

Wall Street closes with heavy losses, Dow Jones down 2.32%

Almost all market sectors ended the day in negative territory with tech stocks falling 5.54 per cent, discretionary consumer goods by 2.31 per cent, energy 2.14 per cent and both finance and industria

Goldman Sachs facing crisis of the decade

The barrage culminated Monday as the country’s finance minister demanded a “full refund,” tipping Goldman’s shares into their biggest drop since 2011.

Jet Airways skids on fuel cost, posts Rs 1,297 crore loss in Q2

Fuel costs soar nearly 60% y-o-y, outpacing near 10% rise in revenues

Manic Monday: Markets drop 1% as oil concerns weigh, reverse earlier gains

The NSE Nifty 50 Index dropped 1%, erasing a gain of as much as 0.6%.

M&A, PE deal volumes rise 11% in October; values increase marginally: GrantThornton

The sector also saw Oyo Rooms entering the unicorn club with $1 billion funding, which includes a commitment of an additional $200 million.

Private equity or venture capital investments aggregate to $25.2 billion so far in 2018: EY

The largest deal in Oct saw Warburg Pincus, Temasek, SoftBank and a few other investors investing $1.3 bn in Bharti Airtel’s Africa business for a 28.4% stake.

Aurobindo Pharma net down 22% at Rs 611 crore

Aurobindo Pharma has reported a net profit of Rs 611.4 crore as against Rs 781.1 crore in the corresponding period due to higher costs and expenditure. Revenue from operations stood at Rs 4,751.4 cro

Bond yield rises 4 bps to 7.80%, banking system liquidity under pressure

Banking system liquidity was pressured by continued intervention in the forex market to stem rupee depreciation and a mismatch in assets and liabilities of NBFCs.

BoI Q2 loss at rs 1,156 crore as provisions jump 71%

Net interest income rose 15% y-o-y to Rs 2,927 crore, and the net interest margin, a key profitability ratio, stood at 2.27% in Q2, up 28 basis points on a sequential basis

UCO Bank posts net loss of Rs 1,136 crore

Public sector lender UCO Bank on Monday reported a net loss of Rs 1,136.44 crore for the quarter ended September, against a net loss of Rs 622.56 crore in the same period a year ago, as its provision

Analyst corner: Retain ‘buy’ on TeamLease, target price Rs 2,801

Post a slow FY18, it is becoming evident that TeamLease Services (TeamLease) is making a strong comeback to growth in H1FY19 as it has added 18,000 associates (11% addition over FY18-end).

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