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ICICI Securities: ‘Buy’ on Grasim Industries; target price at Rs 895

Management expects pricing pressure in core businesses to continue in the near term led especially by capacity overhang.

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Logistics: Expect margin contraction in FY20

Commentaries of large fleet owners hint at some tonnage growth, which implies gains from smaller fragmented truck owners.

Mahindra Logistics, Rivigo, Blackbuck, VRL Logistics, truckers core rental, freight rate, truckers fuel costs, Core rentals for trucking operations, demonetisation impact News

Prabhat Dairy stock up 20 per cent on delisting news

Prabhat Dairy, in its filing on exchanges, said one of the reasons to delist stock is that the company is no longer operating in its core dairy business

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Forex reserves dip $446 million to $429 billion

FCAs are maintained in major currencies like US dollar, euro, pound sterling and Japanese yen.

Forex reserves, Reserve Bank of India, Foreign currency assets, US dollar,  IMF News

Coal India Rating: Buy; August output/offtake lowest in 3 years

Uptick is likely from Q3; while FY20 growth target is high, dividend yield and free cash flow are positives; ‘Buy’ retained

Coal India, SECL production, Mahanadi Coalfields Ltd, Bharat Coking Coal Ltd, Western Coalfields Ltd News

Former Cadbury milk supplier Prabhat Dairy to delist; sends share buyback plan to BSE, NSE

Prabhat Dairy, an erstwhile supplier of condensed milk to Cadbury for making chocolates, is considering buyback of shares and has intimidated BSE and NSE regarding its plan for voluntary delisting.

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Sensex up over 300 points, Nifty reclaims 10,900 level; key reasons

The benchmark equity indices - Sensex and Nifty - ended the trade with gains, owing to improvement in sentiment around trade truce between the US and China.

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Gold prices fall Rs 372 on weak demand, strong rupee

The spot rupee gained by 21 paise against dollar during the day," Tapan Patel, senior analyst (commodities), HDFC Securities said.

Gold prices, HDFC Securities, PMI data, US-China trade talks, US dollar, global gold demand News

PSU banks’ m-cap is even lower than the money govt has given in recapitalisation

The combined market capitalisation of all PSU banks has fallen below the amount of money these state-run lenders have received from the government in the last five year by way of recapitalisation, pro

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Mukesh Ambani’s disruptive Jio GigaFiber launch may not hurt Bharti Airtel much

After billionaire Mukesh Ambani-led Reliance Jio announced the much awaited commercial roll-out of Jio GigaFiber, global firm CLSA noted that it may have limited impact on Bharti Airtel.

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Share Market Highlights: Sensex ends 337 points up, Nifty near 10,950; Maruti, Tech Mahindra top gainers

Sensex today | Live: The headline indices Sensex and Nifty extended gains in the afternoon trade on Friday. The Sensex closed 338 points up at 36,981.

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RBI working with fellow regulators on allowing insurance, PFs, MFs participation in securities lending

FIMMDA is a representative body of participants in the fixed-income market in India. PDAI has played a key role in development of the primary market in government debt over the past two decades.

RBI monetary policy, Rate cut, policy repo rate, Global growth, BCBS, inflation, global economic indicators, India banking sector News

Preferential share issue: Aditya Birla Cap to raise Rs 2,100 crore from Advent affiliate, others

The lender has entered into definitive share subscription agreements with Jomei Investments, an affiliate of Advent International, one of the largest global private equity investors, and PI Opportunit

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ICICI Securities: Maintain ‘buy’ on Indigo with a TP of Rs 1,914

Forex MTM of lease liability has no cash implications; will not impact normalised earnings.

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Axis Capital: Bandhan Bank a long-term compounder, maintain ‘buy’

Bandhan is one of the most successful transition stories retaining its NBFC-MFI ingredients in a universal bank format.

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Dollar drive: Overseas bond issuance from India cross $16 billion

The final size of the transaction was not clear but sources indicated PFC may raise a total of at least $750 million through the issues.

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Ethanol price reset to add sugar mills revenue, reduce surplus

This continuance of government support through remunerative prices for ethanol is likely to support the profitability of the sugar industry.

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Maharashtra: Sugar prices drop again on lower demand

The Centre’s recent export subsidy of `1,048 per tonne is expected to help sugar industry across the country, including Maharashtra.

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Tier-1,2 or 3 stocks: An investor’s quandary

The ongoing global and domestic economic slowdown raises concerns about the market’s valuations in general

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PSU stocks Coal India, ONGC end up to 7% higher amid tepid stock market; Sensex slumps 80 pts

PSU stocks ONGC, Coal India, BPCL, IOC ended up to 7% higher on Thursday even as the headline indices Sensex and Nifty saw another tepid session in the stock market.

kashmir sensex, markets kashmir News

Yes Bank share price jumps after firm settles asset disclosure case with SEBI

Shares of private sector lender Yes Bank jumped on Thursday, after the firm settled a case related to alleged disclosure lapses to the exchanges, with markets regulator SEBI.

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PSU bank stocks mixed: PNB shares jump on Moody’s upgrade; OBC, BoB, Syndicate Bank down

PSU banks stocks are trading mixed in the afternoon trade on Thursday, with shares of Punjab National Bank leading the pack after global rating agency Moody's Investor Service upgraded its outlook.

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Amid economic slowdown, top fund manager says good time to invest in stock market

Amid the ongoing slowdown, Prashant Jain of HDFC AMC says that stock markets are offering good value as good moves and valuations do not come together.

Rupee had settled at 72.12 against the US dollar on Wednesday. News

Rupee rises 27 paise to 71.85 against US Dollar in early trade

At the interbank foreign exchange the rupee opened at 71.87, then gained further ground and touched a high of 71.85, registering a rise of 27 paise over its previous close.

Rupee had settled at 72.12 against the US dollar on Wednesday. News

Share Market highlights: Sensex ends 80 points down, Nifty near 10,850; ICICI Bank, HDFC top losers

Share Market highlights: The headline indices Sensex and Nifty came under pressure on Thursday afternoon due to losses in heavyweight financial stocks. The Sensex closed 80 points down at 36,644.

Sensex, equity markets, FMCG, NSE benchmark, US, China, Asian markets, Nifty, foreign portfolio investors, BSE sensex News

Apple seeks to raise $7 billion in return to bond market

Apple Inc is looking to raise $7 billion through a sale of bonds set to price later on Wednesday, IFR reported, the company's first such issue since November 2017.

Apple declined to comment. News

Rupee unlikely to gain traction as investors stay shy, shows Reuters poll

The rupee fell to 72.40 per dollar on Tuesday, its weakest this year, still suffering from data last week that showed the economy grew at its slowest pace in over six years in the last quarter.

While the median forecast showed the rupee will not retest Tuesday's low, the 12-month view was the most pessimistic in Reuters polls since December. News
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