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16 October, 2018 7:05 AM D-Street Buzz: PSU bank continue to gain led by BoB; pharma, FMCG stocks drag

The benchmark indices are trading higher but off day's high in the Tuesday afternoon With Sensex gained over 200 points, while Nifty trading above 10,550 mark. Among the sector barring pharma and FMCG all other sectoral indices are trading with up to 1.5 percent gain led by Nifty PSU banks. In the FMCG pack United Spirits, ITC, United Breweries, Tata Global 21

15 October, 2018 12:02 PM ITC Q2 PAT seen up 17.2% YoY to Rs. 3,093.7 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 3,093.7 crore up 17.2% year-on-year (up 6.1% quarter-on-quarter). Net Sales are expected to increase by 9.1 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 11,152.1 crore, according to ICICI 47

12 October, 2018 5:07 PM FinMin refutes FIEO's claims, says Rs 71,169 cr GST refunds cleared till date

The government said Rs 71,169 crore worth GST refunds have been disposed of till date and refuted trade body FIEO's claim that Rs 22,000 crore is stuck, saying the figure is exaggerated and inaccurate. The Finance Ministry, in a statement, said refund claims are being cleared expeditiously and asked export bodies to refrain from putting out "unsubstantiated" 58

8 October, 2018 2:23 PM Markets wipe off early losses, end higher on value-buying

New Delhi: Markets wiped off early losses to end the positive zone on Monday amidst short-covering by investors. The BSE Sensex jumped 97.39 points or 0.28 percent at 34,474.38. Similarly the broader Nifty also reclaimed the 10,300-mark by recovering 31.60 points, or 0.31 percent, to 10,348.05. Intra-day, the Nifty slipped below 10,200 and Sensex breached 66

25 September, 2018 9:14 AM ITC gains 1%; CLSA maintains buy with target Rs 390

There is a proposal for an additional ‘disaster cess’ to help Kerala post the floods, while proposal is likely to come up for discussion at the GST Council meet on September 28. Shares of ITC gained more than 1 percent intraday Tuesday as broking house CLSA maintained buy with a price target of Rs 390 per share. According to CLSA there is a potential 56

19 September, 2018 11:46 AM ITC Hotels acquires Park Hyatt Goa Resort and Spa

Luxury hospitality chain ITC Hotels Wednesday said it has acquired Park Hyatt Goa Resort and Spa. The acquisition is a part of an auction held by Industrial Finance Corporation of India (IFCI) for Rs 541 crore in 2015, and upheld by the Supreme Court in its March 19, 2018 judgement, ITC Hotels said in a statement. The property spread across 45 acres 60

18 September, 2018 12:02 PM Louvre Hotels to add 32 new properties in India, set up 10 Kyriad hotels every year

Louvre Hotels Group, part of the world's fifth largest hotel group, will add 32 more properties across three brands in India before next year. Mid-market brand, Kyriad will open seven more properties in addition to the eight hotels already operational in India. Sarovar Hotels will have 15 more properties whereas Golden Tulip will have 10 more properties 65

17 September, 2018 10:36 AM Sensex crashes over 500 points, Nifty slips below 10,400

New Delhi: Stock markets extended sharp fall by crashing more than 1 percent on Monday amidst negative global cues as investors cashed profits in banking, consumer durables, oil & gas and PSU stocks. The BSE Sensex, fell 505.13 points or 1.33 percent to close at 37,585.51. The wider NSE Nifty50 also dropped 137.45 points or 1.19 percent to 11,377.75. Globally 62

12 September, 2018 5:42 AM Mahindra and Mahindra slumps after US probe into Fiat Chrysler Jeep complaint

Fiat Chrysler has filed a complaint against M&M alleging infringement of intellctual property if it jeep design. Shares of Mahindra and Mahindra (M&M) fell as much as 2.86 percent after a US regulator announced a probe into a complaint filed by Fiat Chrysler. The stock touched an intraday high of Rs 951.00 and an intraday low of Rs 913.50. The US International 111

4 September, 2018 9:12 AM D-Street Buzz: Nifty midcap cracks 3% dragged by Havells, Sun TV; SBI, PNB down 2-3%

The breadth of the market favoured declines, with 370 stocks advancing, 1376 declining and 333 remaining unchanged. On BSE, 705 stocks advanced, 1972 declined and 133 remained unchanged. The market sentiment turned negative yet gain this Tuesday afternoon with the Nifty50 trading at 11,529, down 53 points while the Sensex is trading lower by 112 points 95