Sectoral Trend: Metal, IT and realty indices gain most##Sectoral Trend: Metal, IT and realty indices gain most

Apr 5, 2019 3:48 PM

Top Nifty gainers and losers: metals stocks lead index, Tata Steel up 3.7%##Top Nifty gainers and losers: metals stocks lead index, Tata Steel up 3.7%

Apr 5, 2019 3:47 PM

Closing Bell: Sensex ends 177 points higher, Nifty above 11,680; metals rally##Closing Bell: Sensex ends 177 points higher, Nifty above 11,680; metals rally

Indian shares ended higher on Friday, up half a percent for the week, driven by metal, realty, bank and IT stocks after two sessions of losses as investors lapped up upbeat global cues, a day after the Reserve Bank of India (RBI) after the Reserve Bank of India cut repo rate to boost domestic growth.

The S&P BSE Sensex ended at 38,862, up 177 points, while the broader NSE Nifty50 settled at 11,666, adding 68 points. Broader markets outperformed frontline indices with Nifty Midcap and Nifty Smallcap indices rising 0.8 and 1 percent, respectively. Tata Steel, Ultratech Cements, Bajaj Finance, JSW Steel and Hindalco were top gainers on Nifty, while Britannia, PowerGrid, SBI, Zee and Dr Reddy's fell the most.

Banking and financial sectors rose during the day with the Nifty Bank gaining over half a percent. Federal Bank, IndusInd Bank, HDFC Bank, and Kotak Bank advaned in the range of 1-3 percent. Nifty’s IT index gained nearly 1 percent with shares of Infosys and Wipro, which were up over 1.5 percent, leading the gains. Both Nifty Metal and Nifty Realty indices also advanced 1.9 and 1.3 percent, respectively.

Apr 5, 2019 3:37 PM

Raamdeo Agrawal of Motilal Oswal on how to ride market's ups and downs##Raamdeo Agrawal of Motilal Oswal on how to ride market's ups and downs

Raamdeo Agrawal, the co-founder of Motilal Oswal Financial Services, believes in flowing with the market, irrespective of whether they are at a high or a low.

"Whenever markets are high I tend to be bullish in mind and whenever it is low I tend to be low. So I flow with the market, though my portfolio remains 100 percent invested in low as well as high," said Agrawal told CNBC-TV18 on Friday.

“My sense is everything is like a pendulum; the foreigners went from high to low and domestics went from low to high. Now the domestics are coming from high to low and the foreigners are going from low to high. So it’s cross pendulum,” he added. READ MORE

Apr 5, 2019 3:10 PM

Raamdeo Agrawal says FIIs bullish on India, elections not a make or break event for markets

The countdown to the mega event of general elections begins with barely 6 days to go for the first phase of voting.

Apr 5, 2019 2:56 PM

Bharti Airtel poised for stable Q4 after 'significant clean-up', says Morgan Stanley##Bharti Airtel poised for stable Q4 after 'significant clean-up', says Morgan Stanley

Bharti Airtel, the country's second-largest telecoms firm, is likely to see a stable fourth-quarter revenue as the full impact of its minimum recharge plans kick in, analysts at Morgan Stanley wrote in a note.

In the January-March quarter, the telecoms firm is likely to get a boost from the minimum recharge plans, benefits accruing from the recent price hike of the Rs 99 base bundled pack to Rs 119, rapid 2G customer upgrades to 4G and growing uptake of post-paid plans in the Rs 399 and Rs 499 range. READ MORE

Apr 5, 2019 2:41 PM

Earnings expectations of 24-25% for FY20 remains a high bar, says UTI AMC##Earnings expectations of 24-25% for FY20 remains a high bar, says UTI AMC

Vetri Subramaniam, group president & head-equity at UTI AMC, in an interview with CNBC-TV18 shared his views on the stocks market.

“Market at equilibrium only exists in textbooks, in the real world it is always about sentiment being at one extreme end of the curve or the other. So, it is par for the course the way the market behaves and there is nothing surprising about that,” he said.

Talking about the slowdown in overall growth, he said, "There are multiple factors that contributed to the slowdown. For a large number of companies in the automobile sector, consumer sector the feedback from them since September has been that the festival season has been disappointing, demand has remained lacklustre even through the quarter ended March along with significant amount of inventory correction." READ MORE

Apr 5, 2019 2:25 PM

Polycab India IPO opens today: Should you subscribe?

Brokerages are positive on the stock and recommend subscribing to the issue considering its attractive valuations, strong financials and distribution network, and healthy business growth prospects.Get latest Business online at cnbctv18.com

Apr 5, 2019 2:09 PM

Brokerages expect up to 15% upside in Titan after strong growth outlook##Brokerages expect up to 15% upside in Titan after strong growth outlook

Titan shares rose 2 percent on Thursday after brokerages gave positive views on the stock following the company's strong guidance for the fiscal year 2019-20. The company reported strong growth in the fiscal year 2018-19 and gave a robust outlook for the next fiscal. The company on Thursday said that it expects to achieve 20 percent revenue growth despite muted industry demand growth.

Citi | Upside: 6 percent

We maintain a 'buy' call on the stock with a target at Rs 1,175 per share. The fourth quarter business update suggests strong growth trends across segments and the FY20 growth outlook of 20 percent despite market pressures seems encouraging. Market share gains of the company should continue and for Q4, however, we assume slight jewelry margin contraction.

BofAML | Upside: 15 percent

Maintain a buy call with a target at Rs 1,270 per share as the pre-quarterly update suggests healthy momentum in Q4. FY19 growth of jewelry, watches and eyewear segment implies 21 percent, 13 percent, and 19 percent growth in Q4, respectively. FY20 topline growth target of 20 percent may be surpassed given multiple tailwinds.

Click here for more

Apr 5, 2019 1:52 PM

Mindtree board believes open offer price of Rs 980 per share by L&T is low: Sources##Mindtree board believes open offer price of Rs 980 per share by L&T is low: Sources

Apr 5, 2019 1:36 PM

Why dividend in a balanced fund is fundamentally flawed?##Why dividend in a balanced fund is fundamentally flawed?

Aggressive Hybrid Fund, also popularly known as Balanced Fund, invests in multiple asset classes, mainly Debt and Equity. To maintain equity taxation, most of them invest above 65 percent in equity; hence they are predominantly equity funds.

Over the past few years, Hybrid Funds had gained substantial popularity as they promised monthly income options to investors. Due to a perpetual requirement of monthly income by a certain segment of investors, they invested expecting fixed monthly returns.

So, the question still remains- “Is it possible to get fixed cash flow in a Hybrid Fund?” The answer to this might lie in the Systematic Withdrawal Plan option also popularly known as SWP. The concept here is simple the investor invests a lump sum amount in a Hybrid Fund Scheme. The investment is made into the Growth Option. The investor has the flexibility to decide on the monthly amount he wishes to withdraw of the entire corpus invested in the scheme. READ MORE

Apr 5, 2019 1:20 PM

Bank Of India looks to divest insurance joint venture stake worth about $160 million##Bank Of India looks to divest insurance joint venture stake worth about $160 million

State-run Bank of India Ltd on Friday offered to sell a 25 percent stake in its joint venture company with Union Bank Of India and Japan's Dai-ichi Life Holdings Inc for up to Rs 1,106 crore ($159.87 million). Bank of India is looking to sell 64.9 million shares, or 25.02 percent stake, in Star Union Dai-ichi Life Insurance at a floor price of 170.50 per share, it said in a filing.

Bank of India has a 28.96 percent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 percent and 45.94 percent, respectively. (Source: Reuters)

Apr 5, 2019 1:03 PM

Will borrowers get the full benefit of the latest RBI rate cut?

As it was widely expected, the Reserve Bank of India lowered the repo rate by 25 basis points today during its bi-monthly Monetary Policy Review.

Apr 5, 2019 12:45 PM

Zee Entertainment could remain volatile until stake sale clarity, says Morgan Stanley##Zee Entertainment could remain volatile until stake sale clarity, says Morgan Stanley

Morgan Stanley maintained an ‘underweight’ rating on Zee Entertainment, with a price target of Rs 425 per share as it believes the stock could remain volatile until there is any clarification on the stake sale process. The report added that the Zee promoters may look to financial investors for offloading their equity stake in the company, as talks with some potential strategic partners may not be moving as expected.

Thus, the brokerage believes that these developments could keep the stock volatile in the interim until clarity emerges on the potential sale process and any potential synergies therefrom. READ MORE

Apr 5, 2019 12:27 PM

Jyothy Labs shares jump 5% after Macquarie initiates coverage with 'outperform' call##Jyothy Labs shares jump 5% after Macquarie initiates coverage with 'outperform' call

Jyothy Laboratories gained over 5 percent in the morning on Friday after brokerage firm Macquarie initiated coverage on the stock with an 'outperform' rating. It has a target price for the stock at Rs 250 per share, with a 37 percent upside from current levels. The product like the company's diverse product portfolio with a presence in mainstay categories that have a long runway for growth on the back of penetration and premiumization.

The brokerage believes its focus on new product launches, higher advertising and promotional spend and IT-led distribution enhancement will boost volume growth. READ MORE

Apr 5, 2019 12:10 PM

Load more