BUSINESS
Sell Axis Bank, target Rs 510: Abhishek Mondal
BUSINESS
Buy Sanofi India, target Rs 5335: Abhishek Mondal
Traders can buy the stock around in dips around Rs 5,040-5,050 with a stop loss below Rs 4,880 (closing) for the target of Rs 5,335.
INDIA
75-year-old Mumbai man imprisoned for keeping his cattle out in rain in 2013
The complaint was filed against Gopal in 2013 for keeping his 28 cattle out in the rain, exposed to an unhealthy and uncomfortable environment rather than offering them a proper shed.
BUSINESS
Nipah virus takes toll on Kerala's fruit, vegetable exports, faces ban from Gulf nations
Panic following a misinformation campaign on social media has hit the state's fruit and vegetable exports to Gulf.
BUSINESS
Mcleod Russel gains 2% on sale of 8 tea estates in Assam
The company has entered into a memorandum of understanding (MoU) to sell its 8 tea estates to M.K. Shah Exports for a consideration of Rs 331 crore.
BUSINESS
No all-display screen, no 4TB storage: Lenovo Z5 launched with a notch and 128GB memory
The phone was heavily teased and speculated over the past many months as an all-display phone. Rumours were also rife that the phone might come with a whopping 4TB storage. However, tech enthusiasts and potential buyers across the world were left disappointed as the all the rumours, teasers and speculations proved false.
BUSINESS
Find markets overvalued? Here’s where Credit Suisse sees pockets of opportunity
Mishra said the brokerage is a selective in the IT space but remains overweight on the sector.
BUSINESS
Jubilant Foodworks, Britannia, Bajaj Finance to get astrological support: Satish Gupta
According to Satish Gupta of astrostocktips.in, Jubilant Foodworks, Britannia Industries and Nestle India will get astrological support.
POLITICS
PM Modi LIVE: If we do not innovate, we will stagnate, says PM
Startups are no longer only in big cities. Smaller towns and villages are emerging as vibrant start-up centres, says Prime Minister Narendra Modi.
BUSINESS
Viaan Industries gains 8% after Raj Kundra clarifies on Bitcoin scam
Kundra and Shilpa Shetty Kundra hold 25.48 percent and 25.43 percent stake, respectively, in Viaan Industries as on March 31, 2018.
BUSINESS
See Nifty trading in a 10,200-11,000 band in June series
On the daily chart, immediate support for the Nifty is placed around 10,537 (50-day daily moving average) and 10,440 levels (50 percent retracement of its March to May upmove), whereas 10,699 (23.6 percent retracement of its March to May upmove) will act as immediate resistance.
POLITICS
MP govt's decision to waive power dues will cost exchequer, discoms over Rs 5,100cr
Power will be given to BPL households at Rs 200 per month
BUSINESS
Govt not keen on strategic sale of IDBI stake, may issue preferential shares: Report
The government's rethinking of its staregy to sell the IDBI stake could be due to the failed attempts at selling its Air India stake
REAL-ESTATE
New Ascendas-Singbridge programme to invest in logistics and industrial facilities in India
To invest in projects in hubs in Mumbai, National Capital Region, Pune, Chennai, Bengaluru and Ahmedabad
INDIA
Petrol price dips 71 paise, diesel 51 paise in 8 days; check latest fuel prices here
The decreasing price trend, which started on May 30, continued on Wednesday with the dip in prices of petrol by 11 paise and diesel by 8 paise in the national capital.
BUSINESS
Expect RBI to increase rates by 25 basis points: Dynamic Levels
We expect RBI to increase rates by 25 basis points today, as indicated by 3 month India bond yield which is currently trading at 6.50, says a report by Dynamic Levels.
BUSINESS
CG Power gains 3% after co wins Rs 319-crore order from Indian Railways
The company on Tuesday announced an order win worth Rs 319 crore to supply of Under Slung Electrics for Diesel Electric Tower Car (DETC).
BUSINESS
Capital First, IDFC Bank up 3-5% on RBI nod for merger
The Scheme remains subject to receipt of approval from the respective shareholders and creditors of the amalgamated company and the amalgamating companies.
BUSINESS
Indian rupee opens higher at 67.08 per dollar
The rupee is expected to quote in the range of 66.90 and 67.35, it added.
BUSINESS
Closing Bell: Sensex ends 275 points higher; Nifty near 10,700 post RBI meet outcome
The Sensex is up 275.67 points or 0.79% at 35178.88, while the Nifty is up 91.50 points or 0.86% at 10684.70.
BUSINESS
Markets@Moneycontrol: Nifty likely to open flat; outcome of RBI policy eyed
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 20 points or 0.19 percent. Nifty futures were trading around 10,587-level on the Singaporean Exchange.
BUSINESS
Nifty likely to remain weak below 10,630; see 10% return in PNB
“Nifty may continue to face resistance on a rise around 10,630,” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 530 and target at Rs 556, Bharat Petroleum Corporation with stop loss at Rs 395 and target at Rs 418 and a buy also in Tata Global Beverage with stop loss at Rs 255 and target of Rs 275.
BUSINESS
Indian ADRs: Tata Motors, HDFC Bank gain; Wipro down
Indian ADRs ended mixed on Tuesday. Tata Motors gained 0.42 percent and Infosys was down 0.43 percent.
