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ITC, TCS, Amara Raja, Suzlon among 69 stocks showing bullish bias on MACD

NEW DELHI: NSE barometer Nifty50 might be consolidating in the 11,550-11,761 range for the last two weeks, but there are still six dozen stocks on the bourse showing signs of strength. These stocks, 69 to be precise, are showing a bullish bias on the moving average convergence divergence, or MACD charts. The momentum indicator is signalling a bullish crossover – ... Read More »

Banks working on legal pact for ‘good’ loans

MUMBAI: Banks, led by state-run lenders, are working on a legal agreement for “good” loans, a senior banker in know of the development said, much like the inter creditor agreement they already have in place for dealing with bad loans by large borrowers. Most banks have made changes to their credit processes after bad debts piled up, with many either cutting down ... Read More »

Punjab & Sind Bank hikes MCLR by 0.05% on six-month tenor

New Delhi: Punjab & Sind BankNSE -0.33 %(PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor and lowered interest on three-year tenor by 0.05 per cent. “Our bank has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors,” PSB said in a regulatory filing. The bank said these rates ... Read More »

Share market update: 16 stocks hit 52-week highs on NSE

NEW DELHI: Around 16 stocks rose to touch their 52-week highs on NSE in Friday’s session. Among the stocks that touched their 52-week highs were Agro Phos India, Allahabad Bank, The Anup Engineering, Arvind Fashions and Cantabil Retail India. Gujarat Fluorochemicals, HeidelbergCement India, Mahamaya Steel Industries, Muthoot FinanceNSE -0.33 %and Seamec also featured among the stocks that touched their 52-week highs on NSE. ... Read More »

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Private sector lender Yes BankNSE -0.06 %Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on SwiftNSE 4.92 % messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment ... Read More »

Sudip Bandyopadhyay on stocks to pick from broader market

They will continue to report good numbers on the back of the fact that the asset quality issues are by and large over. What is going to happen is NCLT process is gathering momentum and some amount of recoveries will start happening which will help them improve their profit on the back of the fact that most of these assets ... Read More »

Jet Airways climbs 7% on bank-led provisional resolution plan, posts loss in Q3

Jet Airways shares rallied 7.5 percent in morning on Friday after board approval for bank-led provisional resolution plan. The stock was quoting at Rs 238.40, up Rs 12.60, or 5.58 percent on the BSE, at 09:57 hours IST. “The bank led provisional resolution plan proposes restructuring under the provisions of the ‘RBI Circular’ in order to meet a funding gap ... Read More »

Priority is to get economy back on track

PETALING JAYA: Suggestions are pouring in from stakeholders to the newly-formed Economic Action Council (EAC) on what can be done to get the country’s economic, financial affairs and welfare of the people on track. In welcoming the formation of the council, business communities and the public hope that their plight would be taken into consideration and addressed. In order to improve ... Read More »

Seven stocks where Prof Sanjay Bakshi’s Fund is betting on ‘moat’ to create value

ValueQuest India Moat Fund is an offshore fund, which specialises in making long-term investment in high-quality businesses (‘moats’) at attractive valuations. Sanjay Bakshi, eminent teacher and practitioner of value investing and behavioural economics, is better known for his moat investing philosophy. A close look at the holdings of Bakshi’s ValueQuest India Moat Fund gives some idea where the ‘Fundoo Professor’ ... 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 »