Author Archives: Loknath Das

Budget 2019 to set tone for markets; banks, consumers, cement stocks in focus

The New Year started positive but slightly on a somber note with the Indian equity market making a marginal gain in the first 15 days of the year. Both Nifty50 index and BSE Sensex rose 0.2 percent and 0.7 percent, respectively. The surge in the global equity market and continuation of buying interest by domestic institutional investors (DIIs) helped the ... Read More »

Sensex, Nifty jumps 1%; Heads up as 45 stocks hit 52-week low this week

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. Similarly, the S&P BSE Sensex reclaimed 36,000 and closed 1.05 percent ... Read More »

Forget privatisation, govt has hugged its banks tighter

The government in its rescue mission has increased its hold on banks in direct contrast to what it had promised in 2014. Photo: Bloomberg A stitch in time saves nine. The government has, over the years, received advice from numerous quarters to reduce its stake in public sector banks (PSU banks) to below 51%, so that these lenders have sufficient ... Read More »

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »

ICICI Securities stock tumbles 6.29% after 34.3% decline in Q3 net profit

The ICICI Securities stock fell in trade today after the investment services arm of ICICI Group reported a 34.3 per cent decline in consolidated profit to Rs 101.1 crore for the third quarter ended December 31. The company’s profit stood at Rs 153.9 crore in the October-December quarter of 2017-18, ICICI Securities said. The midcap stock touched an intra day ... Read More »

5 stocks find favour after years of wealth erosion. Worth a watch?

Don’t judge the book by its cover. This saying might just well apply to these five smallcap stocks that were beaten black and blue in the last five years. Lady Luck is now smiling as the scrips in question are on the way up after a massive wealth erosion. The list includes stocks such as Easun Reyrolle, Adhunik Metaliks, Flexituff ... Read More »

Bullish on two pharma stocks in near term: Sudip Bandyopadhyay, Inditrade Capital

It will be determined by the corporate results that come out next week. A whole lot of interesting results are lined up. By and large, we believe the markets are showing positive trends. There are global uncertainties. The slowdown in China is particularly worrisome. But there is a silver lining since the India growth story is to a great extent intact. Even ... Read More »

Sensex, Nifty: 10 best performing stocks in 2018

As the year 2018 comes to an end, the Sensex and Nifty look set to close on a positive note despite witnessing volatile phases of trade during the period. While the Sensex has logged over 5% gains since the beginning of this year, the Nifty has gained nearly 3% during the same period. But the gains look mediocre when compared ... Read More »

Obsessed with consumption stocks? You might just miss this goldmine

NEW DELHI: If you are looking at consumption as a big stock investment theme in the hope of big pre-election sops for rural India, think again. Capex revival might just turn out to be a more rewarding theme. There are early signs of a revival in the private capex cycle, as signalled by improved capacity utilisation levels across industries. Reasonable ... Read More »

Italy fines car finance cartel 678 million euros

Italy’s anti-trust authority said on January 9 it has fined a swathe of top car makers, including BMW, Fiat-Chrysler, Ford and Toyota, 678 million euros (USD 776 million) for operating a financing cartel. The car manufacturers and their respective banks which offer financing to customers purchasing vehicles were found guilty of running a cartel from 2003 to 2017, the AGCM ... Read More »