Markets

Gold prices headed for more correction? Investors on sidelines amid global, local cues

Gold price plunged Rs 600 to Rs 34,870 per ten gram in the bullion market on Tuesday, continuing to be under pressure for the last three trading sessions.

Hike in gold import duty, gold import duty, non essential imports, jewellery industry, gem industry, gold import, All India Gem And Jewellery Domestic Council News

Earnings season kicks off: Auto, Consumer Discretionary sectors may report tepid results; check top stock bets

Even as earnings season kicks off with IT major TCS reporting Q1 results yesterday, stock market experts say that April-June quarter is likely to be another lacklustre period for Autos and Consumer Di

Sensex, Sensex today, Sensex share, Sensex news, Tata Steel, NTPC , Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid, Tata Motors, SBI, Yes Bank, Bharti Airtel, Maruti, HCL Tech, HUL, RIL News

IndiGo shares tank 19 per cent as promoters’ spat spills out in public

Shares of InterGlobe Aviation, operator of the low-cost carrier IndiGo tanked more than 19 per cent after one of the company’s co-founders Rakesh Gangwal approached SEBI over alleged corporate gover

Indigo, Promoters Spat, SEBI, PM Modi, Indigo Stock Tank, इंडिगो, प्रमोटर्स के बीच झगड़ा, governance issue, co owners News

TCS share price slumps after Q1 results; should you buy or sell stock?

Shares of India's largest IT giant TCS slumped in trade on Wednesday morning, after the firm's revenue growth came in lower than consensus expectations.

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Did budget really impact stock markets as negatively as it seems?

Though the Finance Minister’s inaugural budget, unveiled On July 5th, could be faulted for not bringing urgently needed tax relief, it certainly was a budget with great positives.

BSE stock options, Sebi, non-genuine trade, BSE, share market news, PFUTP, share market news

Sovereign bonds: How raising debt from overseas markets may help in maintaining fiscal prudence

After Chief Economic Advisor (CEA) Krishnamurthy Subramanian, Principal Economic Advisor with the Finance Ministry, Sanjeev Sanyal too has batted for the government’s move on the issuance of soverei

The funds raised thus can flow out of fixed deposit to the SPV if the public buys the bonds, it said, adding this will not have an impact on bank deposits or credit growth. (Representational image) News

Share market highlights: Sensex ends 174 points down, Nifty below 11,500; Bajaj Finance, Tata Steel top losers

Share market highlights: After opening higher, the headline indices Sensex and Nifty erased gains and came under pressure in the afternoon trade. The Sensex closed 174 points down to 38,557.04 while t

Sensex, Sensex today, Sensex share, Sensex news, Tata Steel, NTPC , Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid, Tata Motors, SBI, Yes Bank, Bharti Airtel, Maruti, HCL Tech, HUL, RIL News

Gold dips as dollar ticks higher, all eyes on Fed

U.S. gold futures slipped 0.4% to $1,394.40 an ounce.

Gold prices, dollar, US interest rate cuts, US gold futures, SPDR Gold Trust, US dollar News

Oil rises more than 1% after US stockpile drop; Brent nears $65

U.S. crude stockpiles fell more than forecast last week, while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute (API) showed on Tue

Oil price, US crude, OPEC, Crude stocks, Middle East, WTI futures News

Global markets: Asia cautious as everything rides on dovish Federal Reserve Chair Jerome Powell

Federal Reserve Chair Jerome Powell testifies before the U.S. Congress on Wednesday and Thursday and investors have a lot riding on him sounding suitably dovish.

Global markets, Asian shares, dollar, US policy, MSCI, Asia Pacific shares, Nikkei, White House, wall street, Brent crude futures, OPEC News

Titan: Maintain ‘buy’ with a target price of Rs 1,500

However, gold prices increased toward the second half, which, in our view, led to demand postponement, impacting segmental growth for the quarter.

In fact, the first half of the quarter was good in terms of sales, with 19% y-o-y growth till 7th May’19 (as mentioned in Q4FY19 earnings call). News

Analyst corner: Drug makers see mixed sales trend in Q1

In this report, we pull in data on key molecules of several pharma companies in an attempt to gauge the sales progress and ramp up in prescriptions through Q1FY20.

Mupirocin, a key contributor for Glenmark, had a stock out situation in Q4FY19; albeit, numbers for April and May show sales limping back. (Representational Image) News

CARE Ratings downgrades Zee Media credit rating

The revision in rating was due to the weakened financial flexibility at the Essel group level. However, there is no debt mutual fund investments in Zee Media Corporation.

On Tuesday, shares of Zee Media Corporation ended the day at Rs 12.53, down by 2.11%. (Representational Image) News

SBI cuts MCLR by 5 bps across tenures

The MCLR will now stand at 8.40% for the one-year tenure, while the rates for shorter periods stand at 8.25% for six months, 8.10% for three months, 8.05% for one month and overnight lending.

This is the third rate cut by the bank in the current financial year. News

Budget 2019: FPI pour Rs 500 million in two sessions

Budget 2019 India: The government left the gross and the net market borrowing for the current financial year unchanged at Rs 7.10 lakh crore and Rs 4.73 lakh crore, respectively.

Budget 2019-20: Union Finance Minister Nirmala Sitharaman in Lok Sabha (PTI Photo) News

UP cane arrears stand at Rs 9,500 crore: 5 big private mills owe Rs 5,000 crore to farmers

Of the privately-owned sugar mills, five big groups — the Yadu Group, Simbhaoli Sugars, Modi Group, Bajaj Group and Mawana Sugars — owe up to Rs 5,000 crore.

Cane dues on the same date last year stood at Rs 12,075 crore. News

NCDEX to launch Paddy Basmati-Pusa 1121 futures

Complying with guidelines of the market regulator, the exchange is allowed to start futures trading for paddy (basmati) for a trading and delivery lot size of 10 tonne with compulsory delivery option.

India produces about 5.5 million tonne basmati with more than 70% share of global basmati production News

Rubber board ropes in firms to operate untapped estates

About 1.25 lakh hectare of rubber plantation remain untapped, according to a preliminary assessment study by the Rubber Board.

Rubber growers could discuss the terms with the companies for undertaking the maintenance of plants, harvesting of trees and marketing of produce. News

Maharashtra dairy owners threaten to sell loose milk after plastic ban

Right now it is possible for dairy owners to obtain a EPR or buyback mechanism certificate by paying money but dairy owners have decided not to opt for such measures.

On an average, around 85 lakh litres of milk is sold through plastic pouches on a daily basis across the state. News

Almost half of companies listed since 2016 are trading below offer prices

What’s more, most of the PSUs have performed badly since their respective listings, with New India Assurance being the worst performer among the PSU IPOs.

In contrast, companies that have been listed in 2019 so far have given positive returns, in double digits. (Representational Image) News

TVS Capital Funds marks second closing of third fund

The target corpus for the fund was around Rs 1,000 crore and has a structure that allows for a Rs 500-crore green-shoe option of which Rs 100 crore has already been subscribed to and Rs 150 crore rema

With the fund-raise, TVS Capital now manages cumulative assets of Rs 1,664 crore. (Website Image) News

SEBI seeks details from IndiGo after promoter complains about alleged irregularities at airline

One of the promoters Rakesh Gangwal has Sebi's intervention in addressing his grievances, InterGlobe Aviation said in a regulatory filing on Tuesday.

sebi, IndiGo, promoter complaints, irregularities at IndiGo, market news

Petrol, diesel consumers should not worry on additional cess, say analysts; why it may be temporary pinch

Even as consumers feel the pinch due to the introduction of cess on petrol and diesel in the budget, analysts say the fuel prices are expected to soften going ahead.

petrol, diesel, excise duty, cess, crude, rupee, पेट्रोल और डीजल, budget 2019, finance minister, बजट 2019 News

Sebi fines individual Rs 10 lakh for non-compliance with its directive

The regulator said "entities violating the directions issued by Sebi seriously compromise the regulatory framework and are detrimental to the interest of the investors in the securities market.

Sebi, fraudulent trading, market news, BSE Markets regulator, market news

Auto stocks on a bumpy road; these key worries to weigh for another year

Rising input costs, falling gross domestic product or GDP growth and weak demand are likely to weigh on the stocks of automobile companies in the current financial year, according to analysts.

auto, auto sector, auto industry sales, global auto market sales, Tata Motors sales, Royal Enfield sales, Maruti sales, Hero sales, Ashok Leyland sales, M and M tractors sales, Bajaj sales, TVS sales News

TCS share price slumps ahead of Q1 results; here’s what to expect from IT giant’s earnings

Shares of India's largest IT behemoth slumped in trade on Tuesday, ahead of the firm's Q1 results scheduled to be reported later in the day.

Stock corner, TCS, Q1 result, GDP growth, PMI, markets news, TCS news, TCS share News

Bajaj Finance shares surge over 6% as assets, customers rise, belying NBFC sector troubles

Shares of Bajaj Finance rose more than 6 per cent after it reported stellar growth in its assets under management (AUM) for the first quarter of FY 20 amid challenging situation in the NBFC sector and

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs (Website image) News
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