Smart Money Financial Service

NEW DELHI:  The global stock market rout spread to local benchmark indices on Thursday as both Sensex and Nifty pushed into the deep red at the expiry of the October options and futures contracts.  The weakness in the domestic currency added to investors' misery.  The BSE Sensex closed the day at 33,690 , down 343.87 points, or 1.01 percent, while the NSE Nifty shut shop at 10,125, a loss of 99.85 points, or 0.98 percent.  Intraday, the NSE Nifty went below the crucial 10,100 marks and hit its lowest level since March 28.  On the 30-share Sensex, only six managed to settle with gains. Wipro was the best index performer, with gains of 3.30 percent, followed by Coal Indians 1.79 % , Kotak Mahindra Bank, Asian Paints, PowerGrid and M&M.  Barring the Nifty IT index, all major sectoral indices closed weak after a turbulent session. PSU Bank, pharma, realty, metals, media, and financial shares contributed to the overall pain.  BSE Midcap and Smallcap indices

HDFC बैंक के शेयरों में उछाल, क्या आपको खरीदना चाहिए? एचडीएफसी बैंक के शेयरों में सोमवार को तेजी देखने को मिली. इसकी वजह बैंक के अच्छे नतीजे हैं. बैंक ने शनिवार को अपने नतीजों का एलान किया. सितंबर तिमाही में साल दर साल आधार पर बैंक का मुनाफा 21 फीसदी बढ़ा है. एचडीएफसी बैंक देश के सबसे बड़े निजी बैंकों में से एक है. क्या शानदार नतीजों के बाद आपको इसके शेयर खरीदने चाहिए? ब्रोकरेज फर्म शेयरखान ने एचडीएफसी बैंक के शेयरों को खरीदने की सलाह दी है. इसके असिस्टेंट वाइस प्रेसिडेंट (रिसर्च) ललिताभ श्रीवास्तव ने कहा, "बैंक के नतीजे उम्मीद के मुताबिक रहे हैं. पिछली कुछ तिमाहियों के मुकाबले परिचालन के कुछ मानकों पर बैंक का प्रदर्शन शानदार रहा है. लोन में अच्छी वृद्धि हुई है. एसेट क्वालिटी में स्थिरता है. सीएएसए बढ़ने से नेट इंटरेस्ट मार्जिन भी बढ़ा है."  श्रीवास्तव ने कहा कि एचडीएफसी बैंक ने 1,450 करोड़ रुपये का फ्लोटिंग प्रोविजन किया है. इस बैंक की वैल्यूएशन आकर्षक दिखाई देती है. इस साल सितंबर तिमाही में बैंका की कुल आय 21.2 फीसदी बढ़कर 28,215.2 करोड़ रुपये रही. नेट इंटरे

Share market update: Metals shine; Hindalco, Vedanta jump 3%  NEW DELHI:   Most metal & mining stocks were on an upward trajectory during Friday's session.  The Nifty Metal index was trading 2.8 percent up at 3,399 around 12:45 pm.  Shares of Jindal Steel & Power (up 6.32 percent) were the top gainers in the metal index.  It was followed by APL Apollo Tubes (up 5.75 percent), Hindalco IndustriesNSE 3.79 % (up 3.35 percent) and Coal India (up 3.28 percent).  NMDC (up 3.14 per cent), Vedanta (up 2.72 per cent), JSW Steel (up 2.67 per cent), Tata Steel (up 2.39 per cent), MOIL (up 1.94 per cent), Jindal Stainless (Hisar) (up 1.40 per cent), Steel Authority of India (SAIL) (up 1.39 per cent), Hindustan Copper (up 1.06 per cent) and Hindustan Zinc (up 0.63 per cent) too found themselves among the gainers. Benchmark NSE Nifty50 index was up 222 points at 10,457, while the BSE Sensex was up 712 points at 34,713.  Among the 50 stocks in the Nifty index, 46 were tr

Q2 earnings: What to expect from India Inc:                    / Heading to a cliff? It's that time of the year again. Q2 numbers are ready to roll. This time, things have become much more uncertain as Indian companies battle rising costs and falling profitability. Tight liquidity, deteriorating macros, surging oil, weakening rupee and global trade issues are keeping the pot boiling. Against this backdrop, what do you really expect from India Inc? IDBI Capital has talked about a few sectoral scenarios as earnings loom. Let's dissect them. Automobile:  The report clearly says raw material headwinds will persist but adds a rider that festive season is key to watch. What to look out for in management commentaries? Demand outlook for the festive season, pricing/discounting pressures and outlook on input prices, it states. Increase in commodity prices like steel and aluminum would have an impact on margins, and segment-wise net profit growth will remain robu

As many as 10 companies raised a little over Rs 29,000 crore through issuance of debentures during April-September period of 2018-19, registering a surge of more than seven times from the year-ago period. The funds have been mobilized for business expansion, supporting working capital requirements and other general corporate purposes.   As per the latest data with regulator Securities and Exchange Board of India (Sebi), a total of 10 companies together mopped up  Rs 29,013 crores through retail issuance of non-conver tible debentures (NCDs) in the first six months of the current financial year (2018-19).  These companies are Kosamattam Finance, Muthoot finances -4.43 %, Srei Equipment Finance, Dewan Housing finances -0.49 % Corp, JM Financial Credit Solutions, Shriram Transport Finance Company, ECL Finance, Indiabulls Commercial Credit, Tata Capital Financial Services and Aadhar Housing Finance.  Kosamattam Finance has taken the route twice to garner funds.  In