The Competition Commission has approved the state-run Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Management Company (AMC), said the media report.
The fair trade regulator, which keeps a tab on unfair business practices across sectors, has approved the acquisition as the deal may not have an adverse impact on competition in the country.
Following the transaction, KBC Asset Management of Belgium has exited the Indian asset management business by selling its 49 per cent stake in mutual fund joint venture Union KBC AMC to Union Bank of India.
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The market started off last day of the year on a positive note.
The Sensex rose 36.08 points to 25996.11
and the Nifty gained 9.25 points at 7905.50.
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Indian ADRs ended lower on Wednesday. In the IT space, Infosys was down 0.13 percent at USD 16.82 and Wipro shed 0.11 percent at USD 11.64.
In the banking space, ICICI Bank fell 0.11 percent at USD 7.78 and HDFC Bank was up 0.08 percent at USD 61.11.
In the other sectors, Tata Motors slipped 0.11 percent at USD 29.41 and Dr Reddy's Laboratories declined 0.48 percent at USD 46.29.
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The Indian rupee opened lower by 6 paise at 66.45 per dollar versus 66.39 Wednesday.
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A stormy equity rout, landmark currency depreciation, unprecedented state intervention, surprise interest rate cuts and circuit breakers: It's been a year to remember for Chinese financial markets.
For investors who couldn't bear to look, here are the giant slides endured and huge gains made on the wild ride that was investing in China this year.
Largest volume: 85,713,281,024 shares changed hands on the benchmark Shanghai Composite on April 20, at the height of China's equities fever.
Point peak: A series of interest rate cuts and voracious buying from retail investors sent the index to a seven-year high of 5,178 points on June 12.
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Wall Street dropped on Wednesday as Brent crude slid towards 11-year lows and Apple weighed on the S&P 500 index, which clung to a meagre gain for 2015.
The S&P energy sector was the poorest performer among the 10 major sectors, down 1.47 percent after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity.
Shares of Exxon lost 1.33 percent while Chevron dipped 1.27 percent. Apple was the heaviest drag on the S&P 500 and Nasdaq Composite, falling 1.31 percent.
Fears of potentially soft iPhone sales have helped push that stock down 9 percent in the past month.
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The market has opened marginally higher again on Wednesday.
The Sensex rose 48.81 points to 26128.29
and the Nifty advanced 12.10 points to 7941.05.
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The Indian rupee opened lower by 5 paise at 66.45 per dollar versus 66.40 Tuesday.
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Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment.
"After a strong US and European session, Asian markets are all looking for further gains today," Angus Nicholson, market analyst at IG in Melbourne, said in a note to clients.
"Volumes have been very light at the moment, but that has seemingly been positive news for markets across the region," he said.
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Indian ADRs ended higher on Tuesday. In the IT space, Infosys rose 0.11 percent at USD 16.95 and Wipro was up 0.03 percent at USD 11.75.
In the banking space, ICICI Bank was down 0.04 percent at USD 7.89 and HDFC Bank gained 0.63 percent at USD 61.03.
In the other sectors, Tata Motors was up 0.05 percent at USD 29.52 and Dr Reddy's Laboratories added 0.70 percent at USD 46.77.
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Wall Street rose sharply on Tuesday, elevating the S&P 500 to a modest gain for the year as Amazon and Apple led tech stocks higher.
All 10 major S&P sectors ended with gains, led by a 1.34-percent rise in the technology sector, its strongest performance since the start of the month.
Following a recent selloff over concerns about potentially soft iPhone sales, Apple jumped 1.80 percent and was the biggest influence on the S&P 500 and Nasdaq.
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Asian equities traded mixed on the second day in the final week of trading for 2015, following a lower finish on Wall Street, with prospects for a last-ditch Santa Claus rally appearing dim.
Angus Nicholson, market analyst at spreadbetter IG, said in a morning note that the overnight selloff in oil prices and a late-afternoon drop in Chinese equities on Monday set Asia up for a weak open.
The Shanghai Composite suffered a near 2.6 percent drop on Monday.
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Indian ADRs ended mixed on Monday. In the IT space, Infosys was down 0.01 percent at USD 16.84 and Wipro shed 0.15 percent at USD 11.72.
In the banking space, ICICI Bank was up 0.03 percent at USD 7.93 and HDFC Bank fell 0.09 percent at USD 60.40.
In the other sectors, Tata Motors gained 0.54 percent at USD 29.47 and Dr Reddy's Laboratories added 0.47 percent at USD 46.07.
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Wall Street fell on Monday, hurt by a steep drop in oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015.
The S&P 500 energy sector lost 1.79 percent, easily the poorest performer as a 3 percent drop in oil prices led investors to unload shares of Exxon Mobil, down 0.73 percent, and Chevron, which fell 1.84 percent.
US stock indexes have closely tracked crude prices in the past several weeks.
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Government said coal output by state-owned CIL crossed 9 per cent over last year's production adding that there is "still a very long way to go" amid the PSU eyeing one billion tonnes production target.
"Coal production by Coal India crosses 9 per cent over last year's record production. Well done. Keep it going. Still a very long way to go," Coal Secretary Anil Swarup said in a tweet.
Coal India's production had jumped 8.8 per cent to 321.38 million tonnes (MT) during April-November period of the current fiscal.
CIL produced 295.40 MT during the same period last year, a company official said. The government has set one billion tonnes production goal for the company by 2020. CIL accounts for over 80 per cent of the domestic coal production.
The government has set a production target of 550 MT for the PSU for the current fiscal. Coal India missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 million tonnes.
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Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering over Rs 70,000 crore, primarily on account of strong participation from retail investors.
This is on top of Rs 23,843 crore already being infused in the entire 2014. In comparison, Foreign Portfolio Investors (FPIs) made a net investment of just Rs 16,674 crore during the period.
However, in the last three years, foreign funds have made an average investment of USD 20 billion (around Rs 1 lakh crore) each in the Indian stock markets.
According to the latest Sebi data, domestic mutual fund (MF) managers have invested a net Rs 70,173 crore in the equity markets in 2015. The inflows could be much higher for this year as four trading sessions are still left.
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NIFTY FUTURE DOWN 2.00@7871.75
BANKNIFTY FUTURE UP 17.95@16830.00
SENSEX UP 45.83@25884.54
INR 66.11
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Indian ADRs ended higher on Thursday. In the IT space, Wipro was up 0.07 percent at USD 11.87 and Infosys was down 0.01 percent at USD 16.85.
In the banking space, ICICI Bank rose 0.04 percent at USD 7.90 and HDFC Bank gained 0.16 percent at USD 60.49.
In the other sectors, Tata Motors added 0.23 percent at USD 28.93 and Dr Reddy's Laboratories advanced 0.21 percent at USD 45.60.
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The final week of the year will be 2015's make or break time for stocks and should also offer some important clues about the new year.
The S&P 500 is just barely positive for the year, up just 0.1 percent since January 1. It pulled back slightly Thursday, after a surge that drove it up 2.8 percent to 2,060 in the short trading week. The Dow, down 1.5 percent year-to-date, ended Thursday at 17,552 with a 2.5 percent gain for the week. The Nasdaq is the standout, up 6.6 percent year-to-date.
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The Indian rupee opened higher in the early trade on Monday.
It has gained 11 paise at 66.10 per dollar versus 66.21 Wednesday.
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Asian stocks were steady in quiet trade on Monday, drawing heart after a rebound in crude oil that took prices away from multi-year lows.
Investors across asset markets were without some of the usual leads as markets in Europe and North America were closed on Friday for Christmas.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat.
The index was on track for an 11 percent loss this year. Japan's Nikkei was also up 0.1 percent.
The Nikkei, lifted in part by Japanese Prime Minister Shinzo Abe's reflationary policies, was headed for its fourth straight year of gains.
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Reliance Infrastructure Ltd is in advanced talks to sell its cement business for 26 billion rupees ($394 million) and a deal could be announced as soon as this week, said a source with direct knowledge of the matter.
Under the terms of the deal, the buyer would also take over the cement unit's outstanding debt of 24 billion rupees, giving the business an enterprise value of 50 billion rupees, the source told Reuters, declining to be identified ahead of a public announcement.
A spokesman for the Reliance Group, a diversified conglomerate whose business interests range from telecoms to finance and infrastructure building, declined to comment.
Reliance Infrastructure's cement unit has three plants with total installed capacity of 5.8 million tonne per annum (MTPA). Another 5 MTPA cement manufacturing plant is being developed in western Maharashtra state, according to its website.
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The Sensex is up 44.18 points at 25894.48
and the Nifty gains 8.95 points at 7874.90.
About 606 shares have advanced, 135 shares declined, and 41 shares are unchanged.
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Wall Street rallied for the third consecutive session on Wednesday, propelled by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.
The S&P 500 finished 1.24 percent higher, bringing its gain this week to almost 3 percent following a soft start to December.
For 2015, the S&P 500 has emerged into marginally positive territory, up 0.26 percent while the Dow Jones industrial average is down 1.24 percent.
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Indian ADRs ended higher on Wednesday. In the banking space, ICICI Bank was up 0.13 at USD 7.86 and HDFC Bank was down 0.13 percent at USD 60.33.
In the IT space, Infosys was up 0.07 percent at USD 16.86 and Wipro was unchanged at USD 11.80.
In the other sectors, Tata Motors gained 0.23 percent at USD 28.70 and Dr Reddy's Laboratories added 0.13 percent at USD 45.39.
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Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday period.
The recovery in oil prices lifted energy stocks in the region, with US crude nearly 1 percent higher in Asia trade following a 4 percent rally overnight.
Data on Wednesday showed US crude inventories fell by 5.9 million barrels in the last week, compared with expectations for an increase of 1.1 million barrels.
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The Reserve Bank of India (RBI) is in the process of preparing a new Payment Systems Vision document, Deputy Governor R. Gandhi said on Tuesday.
"The Reserve Bank is working on the next Payment Systems Vision document. In this context, it is also imperative that market participants also continue to take serious interest in developing the payment systems," he said at an event organised by National Payments Corporation of India here.
The payments landscape in India is changing fast and the key elements are the regulatory focus on creating robuse payments infrastructure, technology enabling solutions and others, said Gandhi, adding that the interoperability of the technology is the key and critical ingredient for evolving a larger payment ecosystems.
"The retail payments in the next 3-5 years are likely to be driven essentially through mobile payments. This is to ride on over one billion mobile connections in the country and the financial Inclusion drive," he said.
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The Sensex is up 128.89 points or 0.5 percent at 25719.54
and the Nifty is up 44.35 points or 0.6 percent at 7830.45.
About 469 shares have advanced, 82 shares declined, and 31 shares are unchanged.
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Wall Street rallied across the board on Tuesday after oil prices recovered slightly and data showed that the US economy grew at a fairly healthy clip in the third quarter.
The Dow Jones industrial average ended 0.96 percent higher, with Caterpillar up 4.86 percent in its biggest one-day gain since October.
Oil prices edged up from 11-year lows although persistent global oversupply concerns and tepid demand for heating oil remained in what is likely to be the warmest winter on record.
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Indian ADRs ended mostly higher on Tuesday. In the IT space, Infosys gained 0.23 percent at USD 16.79 and Wipro added 0.10 percent at USD 11.80.
In the banking space, ICICI Bank was up 0.10 percent at USD 7.73 and HDFC Bank rose 0.67 percent at USD 60.46.
In the other sectors, Tata Motors slipped 0.16 percent at USD 28.47 and Dr Reddy's Laboratories was down 0.16 percent at USD 45.26.
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The Indian rupee opened higher by 6 paise at 66.26 per dollar on Wednesday against previous close of 66.32.
Asian equity markets followed their Wall Street peers higher on Wednesday as investors cheered strong US data, a pause in the greenback's rally and higher oil prices.
Markets in Japan are shut for the Emperor's Birthday. The region is expected to see quiet trading for the rest of the week amid the Christmas holiday break. Australia, Hong Kong, Singapore and the Philippines will be open for a half-day on Thursday while Japan and China will be the only major markets open on Friday.
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दरअसल, हम आपको उन 20 स्टॉक्स के बारे में जानकारी देंगे जिनमें आज ट्रेडिंग कर के आप कमा सकते हैं मुनाफा। भले ही वो शेयर चढ़े या लुढ़के आपको फायदा देकर ही जाएंगे। यानी 20 शेयरों में आज खरीदने या बेचने पर सलाह।
कैडिल हेल्थकेयरः खरीदें 388, लक्ष्य - 400, स्टॉपलॉस - 385
आईडीबीआई बैंकः खरीदें 91, लक्ष्य - 95, स्टॉपलॉस - 90
सेंट्रल बैंक ऑफ इंडियाः खरीदें- 69.40 लक्ष्य - 75, स्टॉपलॉस - 68
एक्सिस बैंकः बेचें 441, लक्ष्य - 435 स्टॉपलॉस - 444
एनबीसीसीः खरीदें 990 लक्ष्य - 1015, स्टॉपलॉस - 980
चेन्नई पेट्रोः खरीदें 209 लक्ष्य - 220, स्टॉपलॉस - 202
जीएमआर इंफ्राः खरीदें 15.35 - लक्ष्य - 16.50 स्टॉपलॉस - 15
डीबी रियल्टीः खरीदें 53 लक्ष्य - 56.50 स्टॉपलॉस - 52.50
सिटी केबल्सः खरीदें 33.35 लक्ष्य - 35 स्टॉपलॉस - 33
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Investment / Trading
in markets is subject to market risk.
The Sensex is up 1.03 points at 25736.93
and the Nifty is down 4.80 points at 7829.65.
About 441 shares have advanced, 142 shares declined, and 45 shares are unchanged.
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The Indian rupee opened marginally higher at 66.30 per dollar versus 66.35 Monday.
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US stocks ended stronger on Monday, helped by bounces in Apple and Microsoft as well as a rally in hospital stocks after more Americans signed up for subsidized health insurance.
Shares of Apple Inc, under pressure in December over concerns that iPhone sales could miss estimates, rose 1.23 percent and boosted major indexes.
About 6 million people have signed up for subsidized health insurance, often called Obamacare, including 2.4 million new customers, the US government said on Friday.
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Indian ADRs ended higher on Monday. In the IT space, Infosys was up 0.21 percent at USD 16.56 and Wipro was up 0.06 percent at USD 11.70.
In the banking space, ICICI Bank rose 0.17 percent at USD 7.63 and HDFC Bank gained 1.19 percent at USD 59.79.
In the other sectors, Tata Motors was down 0.01 percent at USD 28.63 and Dr Reddy's Laboratories added 1.14 percent at USD 45.42.
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Asian shares took solace from gains on Wall Street and edged higher on Tuesday, though gains were capped by caution over low share trade volume and plunging Brent crude oil prices ahead of this week's holidays.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched 0.1 percent higher in early trade, after Wall Street logged solid gains overnight following a losing week.
Japan's Nikkei stock index was down 0.2 percent in early trade US and most European markets will close on Friday for Christmas.
While Christmas is not a public holiday in Japan, markets will be closed on Wednesday to observe the emperor's birthday.
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The Sensex is down 94.31 points or 0.4 percent at 25424.91
and the Nifty is down 16.30 points or 0.2 percebt at 7745.65.
About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged.
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Indian ADRs ended mixed on Friday. In the IT space, Infosys shed 0.28 percent at USD 16.35 and Wipro was down 0.07 percent at USD 11.64.
In the banking space, ICICI Bank was up 0.02 percent at USD 7.46 and HDFC Bank fell 1.01 percent at USD 58.60.
In the other sectors, Tata Motors gained 0.21 percent at USD 28.64 and Dr Reddy's Laboratories was up 0.02 percent at USD 44.28.
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The Indian rupee opened marginally higher by 5 paise at 66.35 per dollar versus 66.40 Friday.
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Investors' focus will turn to Asia again this week, particularly Japan, after a well-telegraphed interest rate hike by the US Federal Reserve lifted uncertainty over monetary policy in the world's largest economy.
Now that the Fed has lifted rates, investors are starting to assess the impact on Asia. For countries in the region that have relied on debt-fueled growth in recent years, higher borrowing costs could fan concerns over a credit crunch.
Exporting countries in the region are also especially worried about the impact of the slowdown in China.
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US stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve's interest hike, weighed down the market.
The expiration of stock and index options contracts added volatility in a heavy trading volume day.
The S&P and Dow had their worst two-day performance since Sept. 1, while indexes posted losses for the week.
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NIFTY FUTURE DOWN 20.00@7828.00
BANK NIFTY FUTURE DOWN 22.00@16710.00
SENSEX DOWN 81.26@25722.52
INR 66.50
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The Indian rupee reversed its some gains seen in previous session. The currency has opened at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in previous session.
It ended at over 3-week closing high yesterday.
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Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by a depreciating yuan in China and the first US interest rate hike in nearly a decade.
By contrast, Taiwan's central bank cut interest rates for the second time this year and said it would keep monetary policy loose to shore up growth in the island's trade-dependent economy as the global demand outlook worsened.
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Indian ADRs ended mostly lower on Thursday. In the IT space, Infosys was dipped 0.29 percent at USD 16.63 and Wipro was down 0.26 percent at USD 11.71.
In the banking space, ICICI Bank remained unchanged at USD 7.44 while HDFC Bank added 0.05 percent to close at USD 59.61.
In the other sectors, Tata Motors was down 0.46 percent at USD 28.43 and Dr Reddy's Laboratories slipped 0.93 percent at USD 44.24.
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US stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates.
Oil prices LCOc1 CLc1 extended recent declines on persistent oversupply worries and as the dollar hit a two-week high. Dow components Exxon and Chevron were down, by 1.5 and 3.1 percent, respectively.
Newmont Mining, which fell 7.7 percent to USD 17.61, led declines on the materials index, which fell 1.9 percent. The S&P energy index .SPNY fell 2.5 percent.
The day's fall followed three sessions of gains. On Wednesday, the market rallied after the Fed raised its benchmark rate by 25 basis points to between 0.25 and 0.50 percent, signalling confidence in the world’s largest economy.
Investors' focus returned on Thursday, however, to concerns about weak global economic conditions as the slide in commodity markets continued unabated.
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