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Kotak Mahindra Bank Q3 review: Should you buy, sell or hold the stock? Kotak Mahindra Bank, on Monday, reported a jump of 23% year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. Analysts largely remain positive on Kotak Mahindra Bank’s Q3 performance, but believe that its subsidiaries show was a key negative. They remain upbeat on the banking business. Kotak Mahindra Bank, on Monday, reported a jump of 23 percent year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. The net interest income (NII), the difference between interest earned and expended, grew 23 percent YoY at Rs 2,939 crore from Rs 2,394 crore last year. The net interest margin rose to 4.33 percent from 4.20 percent in the previous quarter. On the asset quality front, gross non-performi...

Nifty reclaims 10,700 mark; Tata Motors among top gainers Value benchmark lists opened higher on Friday, with the Nifty exchanging over 10,700. The Sensex was up 116 points at 35,630, while the Nifty rose 37 at 10,709. The market broadness was sure with 985 offers progressing, 505 offers declining, and 539 staying unaltered. On the sectoral front, autos, banks, and foundation stocks are exchanging the green, while the IT record is in the negative zone. The rupee opened higher by 24 paise at 69.96/$ in the midst of blended Asian prompts and a decrease in unrefined petroleum costs. Offers of GM Breweries are down over 10% after the organization discharged its Q3 results. Goodbye Motors increased 3.5% subsequent to posting 24% higher JLR US deals for the period of December, according to media reports. Goodbye Motors, Infratel, Indiabulls HF, Bharti Airtel, and NTPC were the best gainers on the Nifty50, while ICICI Bank, HCL Tech, TCS, RIL, and Cipla were exchanging the re...

No extension in BSE Sensex, NSE Nifty trading hours, for now The extension of trading hours might not become a reality anytime soon as the Securities and Exchange Board of India (Sebi), stock exchanges and brokers were yet to agree on how it would be implemented, said three officials with direct knowledge of the matter. Markets regulator Sebi had on 4 May permitted exchanges to extend their trading hours beyond the current 3.30pm. The move was aimed at enabling the exchanges to offer equity derivatives for nearly 14 hours a day until 11.55pm. The exchanges were primed to run for the extended hours from 1 October, but this is yet to be implemented. “We had enabled the exchanges to trade for extended hours and they were to submit proposals, including risk management framework and member consensus. There are some issues there,” Sebi chairman Ajay Tyagi said after the board meeting of the markets regulator on 12 December. “There is not much movement on that front (extended mark...

Market Today Fatafat ET Now: BSE Sensex, NSE Nifty trade marginally lower New Delhi: Indian equity markets pared most of the morning losses in the afternoon deals on Tuesday with BSE Sensex and NSE Nifty hovering marginally lower. The S&P BSE Sensex made an intraday high at 36,226.38 and intraday low at 36,046.52, up until 1:30 pm on Tuesday. Shares of Sun Pharma, Power Grid, M&M, L&T and Vedanta were the major Sensex gainers on Tuesday while shares of Infosys, Yes Bank, Wipro, Hero MotoCorp, HUL and ITC were the major laggards among the components of Sensex. Zee Entertainment share price: Shares of Zee Entertainment Enterprises fell as much as 4.5 per cent on Tuesday after BofAML downgraded Zee to ‘underperform’ with a target price at Rs 375.  Multiple headwinds persist which may see derating risk, BofAML said.  Ashoka Buildcon share price: Shares of Ashoka Buildcon rose 3.3 per cent after Morgan  Stanley committed an investment of Rs ...

HDFC twins, Reliance Industries drag Sensex; Sun Pharma gains 1% Indices opened flat and it slipped later on in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Equity benchmark indices opened flat and slipped later in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Heavy selling pressure was witnessed in HDFC twins, Reliance Industries, Kotak Mahindra Bank, M & Mand NTPC. The Sensex slipped 133 points at 36,108, and the Nifty is down 29 points at 10,855. About 800 shares have advanced, while 707 shares declined, and 534 shares remained unchanged. The BSE MidCap and BSE SmallCap Indices rose over 0.25% each. Shares of Sun Pharma gained 1% on the BSE as the pharma company held a conference call on Monday after market hours over the recent broker report that raised several corporate governance issues. There was also a news that the SEBI is planning to reopen the insider trading probe pert...

BSE, NSE shut on Friday for Gurunanak Jayanti On Thursday, equity benchmark indices see off the week on a lower level, with Sensex closing 219 points down at 34,981 levels. Nifty also settled at 10,526 levels, 73 points down. Equity benchmark indices Sensex and Nifty will remain shut on Friday on account of Guru nanak Jayanti. Forex and Commodity markets too will remain close today. Meanwhile, on Thursday, equity benchmark indices see off the week on a lower level, with Sensex closing 219 points down at 34,981 levels. Nifty also settled at 10,526 levels, 73 points down. Markets traded with a negative bias throughout the day as across-the-board short-selling was seen in all the major counters. Metal stocks such as Tata Steel, Hindalco, and Jindal Steel & Power added fresh short positions, as the open interest soared higher along with a fall of ~2% in the underlying price.  Reference : indiainfoline Must Visit : Wealth Research

Nifty below 10,750 mark; Yes Bank drops 5% All the sectoral indices are trading in the negative zone, PSU bank, IT and metal index slipped by 1% each. Equity benchmark indices opened lower on Tuesday after the central bank agreed to address the center's call to share its surplus reserves. All the sectoral indices are trading in the negative zone, PSU bank, IT and metal index slipped by 1% each.         The Sensex slumped 131 points to 35,643 in the opening trade, while the broader Nifty50 opened below the psychological 10,750 mark. Shares of Yes Bank fell 6% in the morning trade. In a third resignation from the Yes Bank board, independent director R. Chandra shekhar put in his papers, the private sector lender said in regulatory filing on Monday.         Oil marketing companies gained as crude prices slipped. GAIL shares jumped nearly 3%, HPCL was up 2.5%.         The Indian rupee st...

Method in madness? Why RBI, govt not acting tough on rupee Macro factors for India have been under pressure during the first half of FY2019. Among currency, current account deficit and fiscal deficit, it may be worthwhile in the shorter term to focus on the fiscal deficit. From a currency perspective, the rupee may be just correcting to its fundamental level after a period of over-valuation. In fact, the rupee seems to be more or less at its fundamental level at this stage. It can overshoot its fundamental level on heightened concerns, but that may be the appropriate reason and time for RBI and the government to explore intervention. There may not be a need to take any extraordinary measures to support rupee at this juncture. The government and RBI may want to keep tougher options like interest rate hike and NRI bond for later, just in case India’s macro fundamentals were to weaken further. There are potential risks to the macro position based on further weakness in sentiment...

10 stocks that plunged most on BSE in a positive market NEW DELHI: Indian equity benchmarks Sensex and Nifty were in positive territory following gains in auto, metals and banking stocks amid unabated buying by domestic institutional investors and rupee recovery. Market also cheered RBI's announcement that it will inject liquidity of Rs 12,000 crore into the system through the purchase of government bonds on Thursday to meet the festival season demand for funds. The NSE Nifty index was trading 131 points up at 10,433, while the BSE  .. Mercator was trading 19.93 per cent down at Rs 11.05 . Velan Hotels was trading 13.17 per cent down at Rs 5.47. Chothani Foods was trading 12.50 per cent down at Rs 5.95. Arman Financial Services was trading 11.91 per cent down at Rs 289.80. Prime Urban Development India declined 10.40 per cent to 11.20. Modi Naturals was trading at Rs 63, with a loss of 10 per cent. IL&FS Engineering & Construction Company...

NCDEX Tips for Commodities What you wish to understand concerning the NCDEX and trading on it? Contrary to the assumption control by many folks trading in commodities will be extraordinarily helpful. many folks tend to believe that if they trade commodities, they're going to find yourself with a truck load of useless things in their grounds. However, nothing will be clear of the reality, as a result of traditional folks that trade commodities area unit ne'er concerned within the actual merchandising of those commodities. solely industrial players need to hassle concerning the sale of those commodities. The NCDEX or the National artifact and Derivatives Exchange restricted in Asian country is a web exchange dealing in multiple commodities. it's a non-public company and was incorporated per se on Apr twenty third 2003, below the Act for firms that was created a law in 1956. It got a certificate permitting it to start out business on nine might 2003. It started it...

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