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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...

Central Bank to raise Rs 200 crore via employee stock purchase plan NEW DELHI: State-claimed Central Bank of IndiaNSE - 0.55 % Friday said it will raise about Rs 200 crore by issuing shares to staff under the employee stock buy scheme. The directorate of the bank at their gathering hung on December 28, 2018 affirmed the proposition to raise capital by issuance of offers to representatives through Employee Stock Purchase Scheme (ESPS) to the extent of approximately Rs 200 crore, the moneylender said in an administrative documenting. The Committee of Directors will choose every single agent step, including assembling of additional normal general meeting of investors to pass the goals and assurance of valuing approach and rebate, Central Bank said. A week ago, Syndicate Bank had informed about raising up to Rs 500 crore by issuing 30 crore shares to its staff under the representative stock purchase scheme. Punjab National BankNSE 0.64 % said i...

Rupee extends losses; trades at 70.96/$ On Monday, the currency depreciated 18 paise to 70.87 against the American currency. The Indian rupee extended its losses for the second consecutive trading session on Tuesday. The domestic currency opened 4 paise down at 70.91 against the American currency vs. its previous close of 70.87 per dollar. On Monday, the currency depreciated by 18 paise to 70.87 against the American unit. Meanwhile, over the past seven days of winning streak, the currency has gained 220 paise against the dollar. The fall is probably on the back of a rebound in crude oil prices. Also, a recent comment from the United States president Donald Trump that his government may opt for further China tariff hikes in the absence of a trade deal may have had an impact. Meanwhile, the 10-year government bond yield stood at 7.747% from its previous close of 7.727%. Bond yields and prices move in opposite directions.   Reference : indiainfoline Must Visit...

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...

Markets extend rally; ONGC, Tech Mahindra, M&M surge over 3%  All the sectoral indices on the NSE were trading in the green on Tuesday, with PSU Bank gaining over 2.5% and Private Bank over 1%. Equity benchmark indices Sensex and Nifty extended gains in afternoon trade on Tuesday. The Sensex rose 278 points and was trading at 35,121 while the Nifty was trading 65 points higher at 10,587. All the sectoral indices on the NSE were trading in the green on Tuesday, with PSU Bank gaining over 2.5% and Private Bank over 1%. Among stocks, ONGC, Tech Mahindra, and M&M advanced 3%, while SBI, Axis Bank, and ICICI Bank gained over 2% and led the gains in the banking indices. Indiabulls Housing Finance led the losers’ brigade with a decline of ~3%, with Cipla, Eicher Motors, and PowerGrid being the other top losers. Real estate and hospitality company Delta Corp spiked 6% and Federal Bank ~8% after posting their second-quarter results. Both companies have reported num...

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...

How does an investor get motivated to invest in the market? Winning in the stock market is not very easy for an investor if he or she has hardly any good knowledge of the stock market. This is why there are still some investors who have to struggle a lot to make good income from the stocks. Making a good investment in the stocks needs a lot of patience in the market and so you have to understand the many aspects of the stock market.                                          To be a good investor one needs to have the right understanding of the stock market and the other quality that is equally important is the amount of patience in the stocks. Similarly when you make your way into the commodity trading you have to know the right way to invest in it so that you make good attempts from ...