Block deals on Wednesday, November 21, 2018

India Infoline News Service Nov-21-2018

Here is the most pertinent block/bulk deal that took place on the NSE on Wednesday, November 21, 2018.

OPEC will work to stabilize markets at next meeting: Iraq deputy oil minister

India Infoline News Service Nov-21-2018

OPEC and non-OPEC producers will work together to restore balance to oil prices and supplies to make sure prices stay stable, he said to journalists at an oil exploration conference in Baghdad.

Global markets: US futures gain alongside European stocks; Oil rallies

India Infoline News Service Nov-21-2018

US stock futures rose alongside European shares following sharp declines across asset classes on Tuesday. Treasuries dipped marginally lower with the yield on 10-year treasuries rising one basis point to 3.07%, the biggest increase in more than two weeks.

Bank Nifty outperforms led by gains in PSU Bank stocks

India Infoline News Service Nov-21-2018

IT stocks drag, Infosys hits a five-month low.

Nifty PSU Bank gains ~1% led by Union Bank, Canara Bank, Bank of India

India Infoline News Service Nov-21-2018

Union Bank was leading the indexs gain by rising ~3%.

US accuses China of continuing IP theft amid trade war

India Infoline News Service Nov-21-2018

The new accusations came in a detailed report released by the US Trade Representative office 10 days before President Trump is due to meet President Jinping at a G20 summit.

Industry AUM at Rs22.24 lakh cr in October, up 0.87% MoM

India Infoline News Service Nov-15-2018

SIPs continue to show an upward trend with a contribution of Rs7,985cr in October 2018 as against Rs7,727cr in September 2018.

Equity schemes net inflows grew by 11.6% in October 2018 despite turbulent month

India Infoline News Service Nov-09-2018

The total AUM of the mutual fund industry grew by 0.9% MoM to Rs22.23 lakh cr in October 2018 against contraction of 12.5% MoM to Rs22.04 lakh cr in September 2018.

AUM of Indian MF industry contracts 12.5% in September

India Infoline News Service Oct-09-2018

The total AUM of the mutual fund industry contracted to Rs22.04 lakh cr in September (down 12.5% mom) compared to a growth of 9.3% mom to Rs25.20 lakh cr in August 2018.

What causes the price of an equity mutual fund to go up or down?

India Infoline News Service Oct-07-2018

What exactly moves the NAV of a fund? Why do equity fund NAVs tend to oscillate? Why do similar funds perform differently in the same time frame? We dig deeper to answer these questions.

Best mutual funds to start SIPs in

India Infoline News Service Oct-03-2018

September 2018 was a vicious month for investors. The Nifty 50 tanked ~6.4%, while BSE Midcap and Smallcap indices nosedived 12.5% and 16.1%, respectively, owing to concerns over rising crude oil prices and widening CAD as well as the ongoing IL&FS crisis.

What is spooking Dalal Street?

India Infoline News Service Sep-26-2018

The market realized the magnitude of debt crisis in IL&FS on September 18, 2018, when ratings agency ICRA downgraded the company several notches to "junk", citing an increase in the liquidity pressure at the group level to meet its financial obligations.

US accuses China of continuing IP theft amid trade war

India Infoline News Service Nov-21-2018

The new accusations came in a detailed report released by the US Trade Representative office 10 days before President Trump is due to meet President Jinping at a G20 summit.

Trump trade fight heads to global court as WTO nears the rubicon

India Infoline News Service Nov-21-2018

The Geneva-based WTO has long avoided this politically fraught confrontation, which could irreparably harm the organization tasked with deciding international trade disputes.

European stocks gain with US futures; dollar slips

India Infoline News Service Nov-21-2018

Technology shares and car companies led an advance in the Stoxx Europe 600 Index, with contracts on the S&P 500, Dow, and Nasdaq all pointing to a firmer open.

Asian stock markets decline; Nikkei 225 down ~0.63%

India Infoline News Service Nov-21-2018

Equity benchmarks retreated across the region though an increase in US futures kept declines relatively contained.

Global markets: Stocks follow US tech sector decline; treasury yields dip

India Infoline News Service Nov-20-2018

Stocks declined across the globe and a bleak opening to US equity futures indicated that tech share slump on Monday would exacerbate on Tuesday.

Asian stocks decline on Tuesday; Bonds steady

India Infoline News Service Nov-20-2018

The dollar and Treasuries were little changed.

IIFL Wealth Management partners with American Express to curate a premium offering for its clientele

India Infoline News Service Nov-16-2018

Clients of IIFL-ONE will receive the American Express Platinum Card, which offers the powerful backing of American Express through its Membership Rewards program, superior customer experience and access to a worldwide network of millions of merchants spread across 200 countries.

72% of CFOs expect availability of funds in the market to decrease or remain the same: D&B

India Infoline News Service Nov-14-2018

The Composite CFO Optimism Index declined by 17%, on a y-o-y basis, to 90.2 for Q4 2018, the lowest in 19 quarters.

Prism Johnson Ltd posts standalone net profit of Rs7cr in Q2FY19 vs. net loss of Rs23.9cr in Q2FY18 : Beats Estimates

India Infoline Research Team Oct-31-2018

The companys standalone revenue stood at Rs1,335.3cr, up 14.6% yoy but down 10.8% qoq.

L&T Infrastructure Finance revises its prime lending rate

India Infoline News Service Oct-26-2018

The company has increased the PLR by 50bps to 16.50% from 16.00% for all eligible loans linked to PLR, effective October 24, 2018.

1,200 tech start-ups cropped up in India in 2018: Nasscom

India Infoline News Service Oct-26-2018

In 2017, the number of new start-ups had fallen for the first time in five years mainly due to a slowdown in funding.

HIL sustains momemtum, standalone net profit rises 184.73% in Q2FY19

India Infoline News Service Oct-26-2018

Strong growth continues to come from Plumbing Solutions with 130% year-on-year growth during Q2 FY19 and 139% year-on-year growth during first half of the year. We are seeing traction in Birla Aerocon range given the emphasis on solutions based approach.

PSU Bank losses mount ~3.5 times yoy in the second quarter of 2018

India Infoline News Service Nov-19-2018

Although the banks qoq performance was better given that losses were cut down by ~Rs2,000cr from Rs16,614.9cr in Q1FY19, the cumulative loss grew 3.5 times yoy in Q2 of the current fiscal.

What the US mid-term elections mean for global and Indian markets?

India Infoline News Service Nov-15-2018

In the year 2018, the mid-term elections became highly important considering Donalds Trumps controversial style.

Asia Pacific emerging market credit conditions broadly stable in 2019; trade tensions and tighter liquidity pose risks

India Infoline News Service Nov-15-2018

Moody's has a broadly stable outlook on emerging markets.

Understanding Monetary Policy

India Infoline News Service Nov-15-2018

Among such policies is the monetary policy, which is formulated by the RBI with an objective to regulate inflation, consumption, growth, and liquidity in the country. Monetary policy includes macroeconomic factors and involves the management of money supply and interest rates.

BRICS 3Q GDP forecast steady in past week; India seen at 7.5%

India Infoline News Service Nov-14-2018

The median third-quarter gross domestic product (GDP) growth forecast for the BRICS countries was unchanged from the past week at 5.7%, according to Bloomberg surveys.

India's wholesale inflation rises to 5.28% in October

India Infoline News Service Nov-14-2018

According to government data released on Wednesday, the rate of inflation based on WPI Food Index consisting of Food Articles from Primary Articles group and Food Products from Manufactured Products group decreased from 0.14% in September to -0.64% in October.