Author Archives: Loknath Das

What stocks analysts are betting on, as exit polls predict Modi 2.0

Indian markets today gave a thumbs-up to exit poll predictions, with Sensex surging over 950 points. Most exit polls predict a second term for Prime Minister Narendra Modi with ruling BJP and its allies expected to get a comfortable majority. The broader markets also participated in today’s rally with both BSE midcap and smallcap index surging 2%. The actual results ... Read More »

Jagannadham Thunuguntla on 5 stocks you can buy on dips

News of promoter fights spook investors considerably. How worried should minority investors be as they are just caught in the cross-fire? Company Summary NSE BSE KEC International Lt… -3.10 (-1.11%) RBL Bank Ltd. 22.85 (3.61%) ITC Ltd. 6.65 (2.26%) Globally, aviation is a very difficult industry to make money and to run. Hardly have aviation companies really created wealth for ... Read More »

Ujjivan Small Finance Bank appoints Nitin Chugh as MD, CEO from Dec 1

Ujjivan Small Finance Bank, a subsidiary of the listed entity Ujjivan Financial Services, on May 17 announced the appointment of Nitin Chugh as its MD and CEO for a period of three years with effect from December 1, 2019. The Reserve Bank of India (RBI) has approved Chugh’s appointment, Ujjivan Financial Services said in a BSE filing. “This appointment comes ... Read More »

Markets Live: Sensex gives up gains, Yes Banks shares slump to 52-week low

Indian markets gave up gains in afternoon trade even as most Asian markets ended higher. Asian stocks bounced from a 3-1/2-month low today as a slight softening in rhetoric from US President Donald Trump helped ease worries about the US-China tariff war and on expectations Beijing could release more economic stimulus. Shares in Asia were led by strong gains in ... Read More »

Indian Bank posts net loss of Rs 190 cr in Q4 FY19

TOPICS Quarterly Results quarterly or semiannual financial statement Indian Bank State-owned Indian Bank reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking. The bank had registered a net profit of Rs 131.98 crore during the similar January-March ... Read More »

Auto stocks lead European shares lower amid US-China trade stand-off

European shares extended losses early on Monday from the biggest weekly slump this year as the US-China stand-off quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index fell 0.1 per cent by 0720 GMT, with Germany’s trade-sensitive DAX under pressure more than its peers. Asian shares fell and ... Read More »

Sensex, Nifty Extend Decline To Seventh Day; Reliance Industries Top Loser

Reliance Industries, Kotak Mahindra Bank, HDFC Bank and HDFC were among the biggest drags on the Sensex. The S&P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can ... Read More »

Value picks? 25 Nifty stocks trade at a discount to respective 10-year average P/Es

Nifty50 rallied to a fresh record high of 11,856 in April but since then the momentum has fizzled out. The index is down about 3 percent from las month’s high and it has also breached its crucial short-term moving averages at 5-days exponential moving average (EMA), 13, 20 and 50-days EMA in May. A large part of the fall can ... Read More »

Tata Motors may phase out small diesel cars, stock falls 4%

Tata Motors stock price tanked over 8 percent intraday on Monday after news that the company phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official. Tata Motors currently sells its entry-level hatchback Tiago with 1-litre diesel engine, ... Read More »

Gold prices under pressure as US economy shows strength

Last week, the entire commodity complex was hit hard after the Fed’s comments dashed hopes of interest rate cuts in the coming months which boosted the dollar to higher levels. Precious Metals closed this week in the red with Gold prices falling 1 percent and Silver prices ended with 2.3 percent losses. Base metals complex tracking global cues too ended ... Read More »