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Indian shares rose today but ended off day’s high, supported by strong gains in heavyweight Reliance Industries. Benchmark index Sensex ended 192 points higher at 36,578 though at its day’s high it had risen to36,701. On the NSE, the Nifty50 index settled 0.50% higher at 10,961. Oil-to-retail conglomerate Reliance Industries 4.4% in its second session of gains after reporting record quarterly numbers. Other top gainers in the Sensex 30 pack included Kotak Mahindra Bank, Sun Pharma, and Bajaj Finance. IT stocks TCS and Infosys were also among the gainers. Sun Pharma, which had tumbled over 14% last week on reports of a fresh whistleblower complaint, rose 2%. Sensex rises nearly 200 points, led by RIL “The market momentum has continued into this week,” said Siddhartha Khemka, head of retail research at Motilal Oswal Securities. “Stocks, especially heavyweights, have gained on the back of last week’s good quarterly numbers, and that has buoyed the sentiment.” SBI, Bajaj Auto, Power Grid,

Mumbai, January 18, 2019: IIFL Holdings Limited said, its subsidiary, India Infoline Finance Limited (IIFL Finance), a leading Non-Banking Financial Company, will open a public issue of bonds on January 22, 2019, to raise up to Rs. 2,000 crore , for the purpose of business growth and expansion. The UK-based CDC Group backed IIFL Finance will issue secured and unsecured redeemable non-convertible debentures (NCDs), aggregating to Rs 250 crore, with a green-shoe option to retain over-subscription up to Rs 1,750 crore (aggregating to a total of Rs 2,000 crore). The IIFL Bonds offer highest yield of 10.50% p.a. for Individual and Other categories, and 10.35% for Institutional category, for tenor of 120 months with frequency of monthly and annual payment. The other tenors offered are for 39 and 60 months. IIFL Financeto raise up to Rs. 2,000 crore via Bonds CRISIL has rated the instrument as AA/Stable, which indicates that the instruments are considered to have a high degree of safety f

Extending gains for the second session, the BSE benchmark Sensex today rose over 100 points after the government said that the country’s trade deficit had narrowed to a 10-month low. The 30-share index jumped 122.14 points, or 0.34 per cent, to 36,440.47 in early trade. Similarly, the NSE Nifty reclaimed the 10,900 mark by rising 33.75 points, or 0.31 per cent, to 10,920.55. Sensex edges higher; RIL, ICICI Bank lead gains On Tuesday, the Sensex had settled 464.77 points, or 1.30 per cent, higher at 36,318.33, while the broader Nifty rallied 149.20 points, or 1.39 per cent, to finish at 10,886.80. In morning session on Wednesday, the biggest gainers in the Sensex pack included IndusInd Bank, NTPC, SBI, Reliance Industries, ICICI Bank, Vedanta, Axis Bank, Tata Steel, PowerGrid, ONGC and Infosys, rising up to 1.35 per cent. ITC, TCS, Hero MotoCorp, HCL Tech, HUL and Sun Pharma were among the top losers, shedding up to 0.66 per cent. According to traders, despite weakness in global market

Crude oil’s rally is starting to sweep away the pessimists. After starting 2019 on a cautious tone, hedge funds last week slashed bets on falling Brent crude prices to the lowest level since mid-November, as they looked to get out the way of a recovery that pushed oil back into a bull market. Wagers on increasing prices climbed the most in a month. The global benchmark surged last week, as the U.S. and China made progress in trade talks and Saudi Arabia reaffirmed its commitment to head off a supply glut. Money managers have turned alternately bullish and bearish on the rally in recent weeks, but the evidence for a sustained move higher is getting harder to ignore, said Mark Waggoner, president of Oregon brokerage Excel Futures Inc. Oil bears get out of the way as crude’s rebound takes hold “Just having another positive week is going to be huge for a lot of people’s psyches, after we got so beat up last year,” Waggoner said by telephone. “I think you’re going to see more of them comin

New Delhi:  The BSE benchmark Sensex Monday dropped over 200 points tracking weakness in other Asian markets amid heavy selling by foreign investors. Market sentiment also turned cautious ahead of the release of key macroeconomic data. The 30-share index fell 219 points 35,790.81 in early trade. Similarly, the NSE Nifty shed 67 points to 10,727. According to analysts, this week, stock market movement will be driven by announcement of macroeconomic data points and quarterly earnings by various companies, including bluechips RIL and Wipro. The government is scheduled to release consumer price index (CPI) data later in the day. Market would also continue taking cues from the movement of rupee, crude oil and investment trend by foreign investors, traders said. Sensex falls over 200 points; TCS, ITC drag On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 687.20 crore on Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 123.17 crore

Mumbai:  The benchmark BSE Sensex rose over 65 points in early trade Friday following value-based buying in auto, oil & gas, and metal sectors amid positive trend at other Asian markets and rising rupee. The 30-share index was trading 68.58 points, or 0.19%, higher at 36,175.08. The gauge opened on a positive note and touched a high of 36,214.26 in morning trade. The NSE Nifty too witnessed similar movement, and was trading 17.65 points, or 0.16%, up at 10,839.25. Sensex, Nifty struggle; TCS, Bharti Airtel among top losers On Thursday, the Sensex settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader NSE Nifty fell 33.55 points, or 0.31%, to finish at 10,821.60. Top gainers at the BSE include HDFC, ONGC, ITC, Sun Pharma, HDFC Bank, Reliance, Asian Paints, HUL and Tata Steel. Top losers included TCS, Bharti Airtel, HCL Tech, M&M, L&T, Indusind Bank and Powergrid. TCS fell 2.21% to Rs 1,846.50 after it reported 24.1 per cent growth in net profit at Rs

I started 2018 with a certain portfolio size. After investing an additional amount, the portfolio is still at its original size. Why don’t you reshuffle my portfolio, so it performs better? What do you think will happen to the market after the elections? Will it fall further? Why are we not taking proactive steps to move my portfolio to safer assets? Opinion | Why you should not worry about elections The above are some of the common refrains I have heard from my clients over the last few months. My client base comprises mostly of salaried individuals, working in knowledge sector organisations. They are used to managing large projects and taking pre-emptive actions when things don’t go according to plan. These intelligent people find it difficult to understand why I ask them to sit tight and advocate patience as their biggest ally during volatile markets. At $2.5 trillion, India is one of the top five global economies of the world. As a fast and secularly growing economy, the linkages