Vodafone India, i-banks to kick-off IPO talks today: Sources

Telecom giant Vodafone India will be the largest IPO in half a decade, after Coal India, reports Nisha Podar of CNBC-TV18. Vodafone Group Plc may raise over USD 2 billion via IPO of its Indian arm. Vodafone India has recently mandated major investment banks (Bank of America-Merrill Lynch, Deutsche Bank, HSBC, UBS, Kotak Bank) for the process of carrying out IPO.   Sunil Sood, MD and CEO of Vodafone India, along with the aforementioned banks will soon be kick-starting the process for the IPO in Mumbai on May 19. However, Vodafone Group, the parent company, has not yet given its nod to the IPO, sources said. 

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JSW Steel Q4 profit up 3-fold to Rs 171cr, FY16 loss at Rs 742cr

JSW Steel's fourth quarter consolidated profit nearly trebled to Rs 171.25 crore compared to Rs 62.38 crore in year-ago period, supported by operational performance and other income. Revenue declined 15 percent to Rs 10,697.52 crore in quarter ended March 2016 compared to Rs 12,599.7 crore in same period last fiscal. Operating profit (earnings before interest, tax, depreciation and amortisation) grew by 8.4 percent to Rs 1,825 crore and margin expanded by 370 basis points to 17.1 percent compared to year-ago period. JSW Steel said it expects FY17 crude steel production at 15.75 million tonnes against 12.56 million tonnes in FY16, adding sales volume in Q4 increased 7 percent to 3.28 million tonnes YoY. In FY16, the steel company posted a loss of Rs 741.95 crore against profit of Rs 1,796.57 crore in previous year. Revenue in same period fell 20.9 percent to Rs 41,878.88 crore compared to earlier year. JSW Steel shares advanced 1.45 percent to close at Rs 1,310.35 on Bombay Stock Exchange.

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सेबी ने एलएंडटी इनफोटेक के आईपीओ पर सफाई मांगी

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मार्केट रेगुलेटर सेबी ने एलएंडटी इनफोटेक के आईपीओ पर सफाई मांगी है। सेबी ने साफ कर दिया है कि बिना सेबी को डिटेल जानकारी मुहैया कराए कंपनी आईपीओ के प्लान| सेबी ने साफ कर दिया है कि बिना सेबी को डिटेल जानकारी मुहैया कराए कंपनी आईपीओ के प्लान पर आगे नही बढ़ सकती है।

ड्राफ्ट ऑफर डाक्यूमेंट की होगी जांच कंपनी ने ड्राफ्ट ऑफर डाक्यूमेंट सेबी के पास 13 मई को जमा कराए थे। जिसे सेबी अपने वेबसाइट पर 22 मई को अपलोड कर देगी।सेबी ने कंपनी के ड्रॉफ्ट डाक्यूमेंट पर कहा कि सेबी 30 दिनों के भीतर कंपनी के आईपीओ से जुड़ी सारी जानकारियों को जांच कर लेगी। उसके बाद ही किसी निष्कर्ष पर पहुंचा जा सकेगा।

सिंडिकेट बैंक को 2158 करोड़ रु का घाटा

वित्त वर्ष 2016 की चौथी तिमाही में सिंडिकेट बैंक को 2158 करोड़ रुपये का घाटा हुआ है। वित्त वर्ष 2015 की चौथी तिमाही में सिंडिकेट बैंक को 417 करोड़ रुपये का मुनाफा हुआ था।

वित्त वर्ष 2016 की चौथी तिमाही में सिंडिकेट बैंक की ब्याज आय 2.7 फीसदी बढ़कर 1462 करोड़ रुपये पर पहुंच गई है। वित्त वर्ष 2015 की चौथी तिमाही में सिंडिकेट बैंक की ब्याज आय 1423 करोड़ रुपये रही थी।

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News on Mcx,Commodity,Stock Market Trading Sessions

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Equity benchmarks maintained early gains with the Sensex rising over 150 points, led by oil, auto, infra, technology and select FMCG stocks. The broader markets also gained, rising 0.4 percent. The 30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty advanced 46.45 points to 7907.20. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange.

Sun TV shares jumped as much as 9.5 per cent on Tuesday after exit poll results predicted a victory for opposition DMK in Tamil Nadu. Chennai-based Sun TV is owned by Kalanithi Maran, the grandnephew of DMK President M Karunanidhi.

HSBC upgrades India rating as hype gone; lists 8 stocks it likes

Brokerage house HSBC India has upgraded its rating on the Indian market to ‘neutral’ from ‘underweight’, saying valuation premium to Asia has declined and is now approaching a 10-year average premium. “The hype is almost gone,” says the HSBC note, adding, “High-frequency indicators suggests the earnings environment might improve, although earnings expectations remain too optimistic.”

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Indian MCX,Commodity Market Ups-Down Analysis and Conditions

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The market has opened on positive note Thursday as the Sensex is up 103.90 points at 25700.92, and the Nifty is up 25.05 points at 7873.90. About 487 shares have advanced, 129 shares declined, and 32 shares are unchanged. ICICI Bank, L&T, BHEL, Cipla Dr Reddy's Lab are the top gainers while HDFC Bank, HUL anf Infosys are the top losers.

Indian stock markets bucked global trend to trade higher on Thursday, buoyed by passage of Bankruptcy Bill in Parliament. The Sensex jumped over 200 points, while the Nifty inched closer to the 7,900 levels, after rising over 40 points. 

Today's Signal on Indian Stock Market Trading

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The market has opened with some gains on Thursday. The Sensex is up 83.47 points or 0.3 percent at 25185.20, and the Nifty up 22.90 points or 0.3 percent at 7729.45. About 304 shares have advanced, 138 shares declined, and 20 shares are unchanged. Sun Pharma, Adani Ports, Hero MotoCorp, Tata Motors and Lupin are gainers while ITC, Tata Steel and Dr Reddy's Labs are losers in the Sensex.

Healthcare stocks led gains, with drugmaker Sun Pharma rising nearly 3 per cent to top the Nifty50 benchmark. Lupin, Cipla and Dr Reddy's shares also saw buying interest.Tata Motors rebounded today, while mortgage major HDFC extended its winning streak to a fifth straight day.Adani Ports continued to face selling pressure and was the top Nifty loser. Adani Ports, which tanked 12 per cent yesterday, traded 3 per cent lower.Cement stocks such as Ultratech and ACC also came under selling pressure.

Telecom sector sees over $4 bn FDI in nearly two years

Telecom sector attracted over USD four billion worth foreign direct investments in nearly two years since April 2014, Telecom Minister Ravi Shankar Prasad said today. Emphasising that the government has taken many pro-active steps to promote growth in the sector, he said in Lok Sabha that "the quality of service issues has never been looked into so seriously and monitored, as is being done now".

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Indian Stock Market Trending Changes

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The S&P BSE Sensex opened with losses on Wednesday, slipping over 100 points as negative cues from other Asian markets and Wall Street overnight weighed on investors' sentiments.The losses on the index were led by ICICI Bank, Tata Motors, Adani Ports, TCS and L&T.

India's United Spirits gains as much as 8.32 pct.Diageo Plc may raise stake in the liquor maker to 72 pct from 54.78 pct, reports CNBC TV 18, citing unidentified sources.Adds Diageo exploring various options, including open market transactions.BSE stock exchange says seeks clarification from United Spirits on the TV report.

Peer-to-peer lending: Easier and faster but is it safer?

The Reserve Bank of India has kicked off efforts to regulate peer-to-peer (P2P) lending in India. The move is believed to help the funding gap in the market which banks haven’t been able to service sufficiently well. The banking regulator has invited comments on its proposal to have P2P websites registered as non-banking finance companies. 

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Indian Stock Updates on Today's Market

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The market is seeing sudden spurt in buying aided by heavyweights. The Sensex is up 83.21 points or 0.3 percebt at 25686.31, and the Nifty is up 21.30 points or 0.3 percent at 7868.55. About 920 shares have advanced, 519 shares declined, and 77 shares are unchanged. Lupin, Cipla, Tata Steel, Maruti and Axis Bank are top gainers while ICICI Bank, Bharti, M&M, HUL and Reliance are losers in the Sensex.

HCL Tech extended Thursday's fall after weak earnings and was down nearly 5 per cent to be the top loser in Nifty. Idea Cellular, which reported earnings post market hours yesterday, was down 2.7 per cent. The telecom operator reported 25 per cent sequential drop in its net profit at Rs 575 crore for the March quarter. 

Oil prices jump on weak dollar, strong investor appetite

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam. International Brent crude futures were trading at USD 46.26 per barrel at 0023 GMT, up 52 cents, or 1.1 percent, from their last settlement. US West Texas Intermediate (WTI) crude was also up 52 cents, or 1.2 percent, at USD44.56 a barrel. WTI was further lifted after the American Petroleum Institute (API) reported a drawdown of nearly 1.1 million barrels in U.S. crude inventories last week versus a 2.4 million-barrel build expected by analysts in a Reuters poll.

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Maruti Q4 net profit falls 12% at Rs 1134 cr on higher tax

Maruti has posted lower profit in January-March quarter on higher tax and lower other income. The four-wheeler major's net profit fell 11.7 percent in Q4FY16 at Rs 1133.6 crore from Rs 1284.2 crore in corresponding quarter last fiscal. During the quarter, total income rose 12.3 percent at Rs 15306 crore in Q4 against Rs 13624.8 crore year-on-year. In Q4, other income fell to Rs 121.2 crore against Rs 320 crore on annual basis.  The company has said that loss of 10,000 units due to reservation agitation, increased advertising expenses and lower other income slightly impacted profits this quarter.

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Indian Stock Market Trading News and Levels

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The market has opened lower as the Sensex is down 77.87 points or 0.3 percent at 25601.06. The Nifty is down 21.90 points or 0.3 percent at 7833.15. About 313 shares have advanced, 357 shares declined, and 32 shares are unchanged. Hindalco, Bharti, Tata Steel, M&M and Axis Bank are top gainers while ICICI Bank, ITC, GAIL, Maruti and Hero are losers in the Sensex.

Indian stock markets opened lower, as expected. The BSE Sensex declined over 100 points, while the Nifty slipped below 7,850 on weak global cues.Tobacco major ITC, which has a large weightage in the Nifty, traded 1.5 per cent lower. Private lender ICICI Bank slipped 1.3 per cent. Gail India, Tata Motors and HCL Tech were other Nifty stock that traded with over 1 per cent losses.

Bharti Airtel up 2%, to consider buy back of shares

Share prices of  Bharti Airtel   advanced 2 percent intraday Monday as the company's board is going to consider the buy back of shares. "The company will consider to recommend final dividend for the financial year ended March 31, 2016 or buy back of equity shares of the company or a combination thereof, in its meeting scheduled to be held on April 27, 2016," as per BSE release. Also, it will consider and take on record the audited financial results for the fourth quarter (Q4) and financial year ended on March 31, 2016, in the said meeting.

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Indian Stock Market Trading Alerts and News

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The market has kick-started the week with mild gains. The Sensex is up 22.17 points at 25860.31, and the Nifty is down 4.50 points at 7894.80. About 357 shares have advanced, 168 shares declined, and 28 shares are unchanged. GAIL, Bharti Airtel, Dr Reddy's, SBI and HDFC Bank are top gainers while BHEL, Hero MotoCorp, Lupin, Maruti and ITC are losers.

NTPC was the top Nifty loser, down 1.4 per cent to Rs 142. Reliance Industries which reported earnings post the market hours on Friday also fell 1 per cent to Rs 1,029. Tata Steel, ONGC, Asian Paints, HDFC, ITC, Lupin, HDFC Bank, Sun Pharma, Eicher Motors and Tata Motors were also among the losers, down 0.4-1 per cent each.

Indian Share Market Alert and News

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The S&P BSE Sensex turned choppy in morning trade on Monday led by losses in RIL, HDFC, ITC, HDFC Bank, and ONGC. The Nifty50 was trading around its crucial resistance level of 7900weighed down by losses in power, oil & gas, and metal stocks. The broader market outperformed the benchmark indices with the BSE Midcap and smallcap indicies climbing 0.25 and 0.30 per cent, respectively. 

Indian shares edged down on Friday, a day after hitting their highest levels this year, as investors booked profits in recent outperformers, but indexes still posted a near 1 percent weekly gain on the back of strong overseas flows.

Railway ministry plans to invest Rs 40000 cr in Mumbai: Prabhu

Railway Minister Suresh Prabhu today said his ministry has chalked out a plan to invest Rs 40,000 crore in different projects in Mumbai, blueprint of which will be prepared before August 15. "I belong to this city. And not only me but all my colleagues know what needs to be done so ample attention would also be given to Mumbai," Prabhu said at the foundation stone laying ceremony of an FOB (foot over bridge) at suburban Khar railway station here.

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HDFC Bank Q4 net rises 20% at Rs 3374 cr, NII jumps 24%

HDFC Bank   has reported good January-March quarter results with net interest income (NII) growth surprise on higher side. The private lender's net profit rose 20.2 percent at Rs 3374.2 crore in fourth quarter of FY16 compared to Rs 2806.9 crore in corresponding quarter last fiscal. During the quarter, its NII or difference between interest earned and interest expended grew 24 percent at Rs 7453.3 crore from Rs 6013.2 crore in year-ago period, led by strong credit growth and stable margins of 4.3 percent.

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