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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 »

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 »

Dalal Street week ahead: Market likely to remain choppy; protect profit on every rise

The week gone by remained as flat as it could get. In our previous weekly note, we had projected the market to remain volatile with the 11,760 level providing stiff resistance to any rally. On those projected lines, the market remained volatile, headed nowhere and continued to face resistance at the 11,760 level before finally ended the week flat with ... Read More »

SC Directs RBI To Disclose Information On Bank Inspection Report Under RTI

The Supreme Court Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, ... Read More »

What changed for the market while you were sleeping? Top 10 things to know

The market started off the F&O expiry week on a negative note and continued its downtrend for the second consecutive session on April 22 with the Nifty closing tad below 11,600 levels. Rising crude oil prices to over five-month high dented traders sentiment. The BSE Sensex broke the psychological 39,000 level, falling sharply by 495.10 points or 1.26 percent to ... Read More »

Elections do matter to market, but you can build a poll-proof portfolio

The stock market fluctuates to the flow of news related to not just the economy, but also politics and other events. In India, the general elections decide what is in store on the political front for the next five years and foreign players generally prefer to invest in economies that have stable governments with strong policies with long-term visibility. Company Summary NSE BSE Reliance ... Read More »

Looking to buy value picks? Consider capital goods stocks, say analysts

Valuations of these scrips are below their historical averages, and with the investment cycle expected to pick up and consumption slowing down, analysts are increasingly recommending shares of capital-goods companies for the next five years. “We see the capital-goods sector — especially L&T, Kalpataru Power, KEC and Polycab India — as good investment bets for next 3-5 years with strong ... Read More »

Share Market updates: Sensex closes 177 points higher, Nifty rises to 11,665; Tata Steel, Vedanta, Bajaj Finance top gainers

After logging a positive start in early trade, Sensex and Nifty pared gains on account of profit booking in afternoon session. However, bulls refused to be cowed down by bears on Dalal Street as Sensex closed 177 points or 0.46% higher at 38,862 level and Nifty rose 67 points to 11,665 level. Tata Steel (3.36%),  Vedanta (2.38%) and Bajaj Finance ... Read More »

Bank branches dealing with government business to remain open this Sunday: RBI

MUMBAI: The Reserve Bank of India (RBI) on Tuesday directed banks to keep open their branches dealing with government business on the last day of the financial year (March 31), which happens to be Sunday. “The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment ... Read More »