Market News

Recommend ‘reduce’ on Bodal Chemicals with TP of Rs 140
Kotak Securities | April 18, 2018 12:29 AM
The management is upbeat about the dyestuff expansion plan and believes that, the recent uptick in Vinyl Sulphone and H-Acid prices shall support the final product prices and overall revenues.
Government to soon take call on Monsanto trait fee
FE Bureau | April 18, 2018 12:24 AM
Both Monsanto and Hyderabad-based Nuziveedu Seeds had filed cross-appeals against the High Court’s single-judge order in March last year that ruled that Monsanto’s termination of its sub-licence agreement for genetically modified hybrid cotton seeds with Nuziveedu Seeds was illegal and arbitrary.
Gold to dazzle again this Akshaya Tritiya
Banikinkar Pattanayak | April 18, 2018 12:22 AM
Jewellers had seen a revival of fortune in the Akshaya Tritiya in 2017, after two successive years of subdued growth in sales on this day.
Onion prices dip to season’s lowest of Rs 600 per quintal
Nanda Kasabe | April 18, 2018 12:20 AM
Last week on Friday, modal prices were Rs 630 per quintal with some 17,030 quintals arriving in the market and Rs 640 per quintal on Thursday with 15,665 quintals arriving in the market.
If Modi wins big or Congress sweeps 2019 polls, Sensex may hit 41,500; Morgan Stanley picks top stocks
FE Online | April 17, 2018 4:50 PM
Even as the run-up to the 2019 general elections begin, Morgan Stanley forecasts that Sensex could hit 41,500 in case of an absolute majority for any one of the national parties, be it Modi’s BJP or the Congress Party.
Normal monsoon bet, FY18 earnings cheer boost markets: Sensex logs 9th straight gain, Nifty nears 10,550
FE Online | April 17, 2018 4:44 PM
Indian stock markets closed higher on Monday with Sensex and Nifty finishing higher for the ninth straight session as investors seemed to have turned optimistic over the corporate earnings for the fiscal year 2018 and the normal monsoon forecast further uplifted the sentiments.
Porinju is bullish on this Sensex stock, buy now to get up to 20% CAGR returns for 5 years
FE Online | April 17, 2018 3:30 PM
While a few Sensex stocks have been underperforming the markets, ace investor Porinju Veliyath is betting on this FMCG conglomerate, and says that the stock can give up to 20% CAGR returns over the next five years.
Modi risks losing voter support in 2019 elections; Morgan Stanley fears for India’s stock markets
Bloomberg | April 17, 2018 3:25 PM
What sort of government will India have after the next general election? There’s no clear answer to that this far out and the greater the uncertainty, the more difficult it will be for the nation’s equities to make headway in the run-up to the vote, according to Morgan Stanley.
Modi government’s FY19 disinvestment: Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore
PTI | April 17, 2018 2:12 PM
The Finance Ministry may come out with an Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange-traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.
M&M crosses 1 lakh crore market cap! Anand Mahindra’s auto company bigger than Tata Motors
Abhijeet Singh | April 17, 2018 1:51 PM
Shares of the Anand Mahindra-led Mumbai-headquartered Mahindra & Mahindra Ltd surged more than 2% to hit the all-time high on Tuesday steering the automaker to join the club of Rs 1 lakh crore market capitalisation on Bombay Stock Exchange.
Akshaya Tritiya 2018: Gold price rises by Rs 650 in last 8 days, Silver costlier by Rs 850
FE Online | April 17, 2018 12:54 PM
Akshaya Tritiya 2018: With just a day to go for Akshaya Tritiya, people round the nation are planning to buy precious metals specifically gold on and around the Akshaya Tritiya date. The festival of Akshaya Tritiya will be celebrated on 18 April 2018 in India this year.
Denmark plagued by ‘headache’ most countries would love to have
Bloomberg | April 17, 2018 12:33 PM
Denmark’s got luxury issues — relatively lots of money and little debt — and it’s creating troubles for the government bond market.
Mahindra & Mahindra joins Rs 1-trillion mcap club
PTI | April 17, 2018 12:21 PM
Mahindra & Mahindra Ltd today entered the coveted Rs 1 trillion market capitalisation club, after its share price hit a fresh 52-week high on the BSE.
These 7 mid-cap shares hit all-time high today; do you own any?
FE Online | April 17, 2018 10:48 AM
Indian stock markets traded slightly higher in the early morning deals on Monday with Sensex and Nifty extending gains after posting the longest rising streak since November last year on Monday.
Earnings caution: Sensex, Nifty trade flat as Infosys drops for 2nd day; Bajaj Electricals jumps 7%
FE Online | April 17, 2018 9:46 AM
Indian equities started flatly on Tuesday with Sensex and Nifty opening marginally up in positive territory following a decline in the volatility as investors stay cautious over Q4 and year-end corporate earnings.
Shares in focus today: Vedanta, PNB, Fortis Healthcare, RCom, Infosys, Alok Industries
FE Online | April 17, 2018 9:14 AM
Indian stock markets are likely to open flat on Tuesday as investors seemed to have turned cautious over the corporate earnings for the quarter and the year ended 31 March 2018 after India’s second-largest IT company Infosys reported lowered the revenue guidance
Asia stocks edge up on easing Syria tensions; focus on earnings, China GDP
Reuters | April 17, 2018 8:37 AM
Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren’t likely to escalate.
Oil prices rise amid risk of supply disruptions
Reuters | April 17, 2018 8:32 AM
Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East. Brent crude oil futures were at $71.80 per barrel at 0120 GMT, up 38 cents, or 0.5 percent, from their last close.
Kotak Mahindra Bank pips SBI to become 2nd biggest bank by m-cap
Yoosef KP | April 17, 2018 3:57 AM
Kotak with close to 30% holding in the bank has been asked by the RBI to reduce his stake to 15% by March 2020.
Banks dominate buy list of MFs in March, but Axis Bank tops sell chart
Bharadwaj Sharma | April 17, 2018 4:00 AM
News about the central bank opposing a longer-term for the present CEO is likely to have nudged fund managers to lighten their holdings.
PV segment disappoints with only 6pct YoY growth
Credit Suisse | April 17, 2018 3:40 AM
Excluding Maruti, PV volumes declined 2%. Maruti continues to do well with 15% growth but remains constrained for capacity.
Cooperative sugar mills seek sops to begin crushing in next season
Nanda Kasabe | April 17, 2018 3:35 AM
To add to their woes, the Maharashtra State Cooperative (MSC) Bank has devalued sugar making by Rs 120 per quintal.
New challenges await Indian manufacturing sector in new year
Sushim Banerjee | April 17, 2018 3:30 AM
The share of engineering goods and equipment in the total export basket had also witnessed a steady fall over the past few years.
Metals and Mining: Outlook to improve strongly over 2 years
Kotak Institutional Equities | April 17, 2018 2:33 AM
There are not many large aluminum projects to be commissioned outside China over the next 2-3 years.
Strides Shasun rating: ICICI Securities says ‘Buy’; API demerger is value accretive
ICICI Securities | April 17, 2018 2:33 AM
Strides’ API business (15.2% of FY17 sales) would demerge into a separate listed entity, Solara Active Pharma Sciences Ltd (Solara), which will also have human API business of Sequent Scientific.
‘Prolonged shutdown of Vedanta’s Indian copper unit to be credit negative’
FE Bureau | April 17, 2018 2:10 AM
Meanwhile, for the 9 months ended December 2017, the company had stated that the production volume from the Tuticorin smelter stood at 297,000 tonnes of cathodes.
Big bet on SIPs: Mutual Funds garner over Rs 67,000 crore in FY18
PTI | April 16, 2018 5:10 PM
Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 67,190 crore through this route in 2017-18, an increase of 53 per cent from the preceding fiscal.

Budget 2018

Horoscope: By Peter Vidal

Today ( 19 Apr )This Week ( 15 Apr - 21 Apr )

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

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