Page 3100 - Markets News

Support for Nifty seen at 10,380, resistance at 10,490: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Cargill to broaden India portfolio, invest Rs 15 bn in coming years

Cargill has set up a storage facility for grains and oilseeds in Karnataka and a part of its future investments will go towards expanding the company's storage capacity

Sebi eases 'scheme of arrangement' rules for listed companies

The move is aimed at expediting the processing of draft schemes

Today's picks: 4 January, 2018

Nifty, Bank Nifty, Dr Reddys, Bajaj Auto, Hindalco

Performance meter: India's largest equity-oriented MFs in 2017

The top 10 largest funds manage assets worth Rs 1,700 billion, or a fifth of the total equity assets

After 9 years and a $250 bn market cap, Bitcoin still awaits legal status

Bitcoin has had global central banks so worried that several are now mulling regulating the currency, legalising it, or evolving their own crypto currencies

Sales pick up as prices bottom out

ISMA announced the production trend, suggesting a 26% jump in sugar production in the 2017-18 season

Sugar mills face margin squeeze

Most sugar mills had reported healthy profits in the October-December quarter last year

Rising costs to dent cement makers' profitability

Analysts peg demand growth at 4-5% in FY19

FPIs avoiding taxes by treating capital gains from NCDs as interest income

Interest income attracts a concessional tax rate of 5%, against 15-20% in case of capital gains

Headwinds for telcos not over yet

Cut in interconnect usage charge and down trading would also lead to sharp fall in consolidated profit for Bharti Airtel in Q3

Fat finger, fatter gain

A Mumbai-based broker accidentally entered an order for 23,000 shares instead of 2,300

Subsidiaries now matter more for HDFC

Core business, performance of subsidiaries and capital deployment will be closely monitored in 2018

Average spot power price drops 15% in Dec to Rs 3 per unit

A total of 3,108 MU was cleared, which is about 12% lower than the 3,524 MU traded in November and was almost equivalent to 3,095 MU traded in December 2016

Sebi allows commodity bourses to raise transaction charges

The bourses levy different transaction charges for different commodities' contracts

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

All that happened in today's trade

Sensex ends flat, Nifty fails to hold 10,450 ahead of Q3 earnings season

All that happened in the market today

L&T, Jet Airways, SAIL among 37 stocks from BSE500 index hit 52-week high

Adani Enterprises, Hindalco, JSPL, Tata Power, HEG, Graphite India, Jai Corp, GHCL and L&T Technology Services hit 52-week highs on the BSE today.

Dr Reddy's falls on buzz of issues raised in EIR for Duvvada plant

The stock dipped 4.5% to Rs 2,299 on the BSE in intra-day trade.

UCO Bank to raise Rs 13.7 bn from government

Stock of the bank was trading 1.15 per cent higher at Rs 30.70 apiece on BSE