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The revenues have risen 8.5 percent year on year at Rs 2,125 crore from Rs 1,958.9 crore. FMCG major, Dabur India, reported a net profit of Rs 377.5 crore for the September quarter, a rise of 4.1 percent as compared to Rs 363 crore posted by the firm during the same period of last year. The revenues have risen 8.5 percent year on year at Rs 2,125 crore from Rs 1,958.9 crore. The earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 7 percent at Rs 450.9 crore during the quarter under review. The same was posted at Rs 419.9 crore last year. The EBITDA margin fell marginally to 21.1 percent from 21.4 percent during Q2 of FY18. The company also posted a volume growth of 8.1 percent for the quarter, up from 7.2 percent last year. An interim dividend of Rs 1.25 apiece was declared by the firm and fixed November 12, 2018, as the record date for it. At 13:08 hrs, Dabur India was quoting at Rs 389.35, down Rs 5.55, or 1.41 percent, on t...

Tide Water Oil said directors at its 319th board meeting scheduled to be held on November 12 will consider the unaudited financial results of the company for the quarter and half year ended September 2018. Tide Water Oil shares rallied as much as 20 percent intraday Wednesday ahead of the board meeting to consider voluntary delisting from Calcutta Stock Exchange. The stock was quoting at Rs 5,489.25, up Rs 405.25, or 7.97 percent on the BSE, at 12:28 hours IST. The company said directors at its 319th board meeting scheduled to be held on November 12 will consider the unaudited financial results of the company for the quarter and half year ended September 2018 and also consider payment of interim dividend for the year 2018-19. In the aforesaid meeting, the board will also consider the proposal for voluntary delisting of equity shares of the company from Calcutta Stock Exchange. The company has fixed November 20 as the record date for payment of interim dividend...

The Sensex gained the most in October 2011, rising almost 10 percent for the month, followed by October 2017. The index rose over 5 percent. You can choose to look at this glass either half empty or half full. In the past ten years, the Sensex gave positive returns on 50 percent occasions in the Diwali month. The data was sourced from Ace Equity. The Sensex gained the most in October 2011, rising almost 10 percent during the month, followed by October 2017. The index rose over 5 percent. The year 2017 was a stellar one as indices had one of their best performances, gaining around 25-30 percent. Interestingly, the index was absolutely flat in October 2013. On the other hand, the index fell the most in October 2008 posting a negative return of over 25 percent. This was in the aftermath of the recession that followed post-Lehman Brothers filing for bankruptcy and led to a meltdown in global and domestic markets. This is followed by October 2009, where the Sen...

Shares of Infosys, HDFC, and Indiabulls Housing are the top gainers, while Tata Steel, Coal India, and Dr. Reddy’s Laboratories have lost the most. Dr. Reddy launches the drug in US market: Dr. Reddy's Laboratories announced the launch of Atomoxetine Capsules, USP, a therapeutic equivalent generic version of Strattera (atomoxetine) Capsules in the United States market approved by the US Food and Drug Administration (USFDA). Jefferies on Info Edge: Research house maintained hold rating with the target at Rs 1,375 per share. Q2 beat in 99Acres and in-line performance by Naukri offset by weakness in other business.    Market Update: The market is trading volatile on Wednesday with Nifty trading around 10,150 marks, while Sensex is down over 50 points. The Sensex is down 69.35 points or 0.20% at 33821.78, while the Nifty down 15.20 points or 0.15% at 10183.20. About 1002 shares have advanced, 1090 shares declined, and 1551 shares are unchanged.  Infos...

Utilize downsides in the pair to initiate long positions, says ICICIdirect. After a weak opening, the rupee slipped further and trading above 74 per dollar mark. It opened lower by 24 paise at 73.92 per dollar versus previous close 73.68. Yesterday rupee closed 24 paise lower against the US dollar. The dollar-rupee November contract on the NSE was at 73.93 in the previous session. November contract open interest increased 0.85% in the previous session, said ICICIdirect. We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, it added. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get More News - Share Market Tips , for 2 Days Free Trial give a missed call @9644405056 and Get Share Market Services. 

The government currently holds 78.32 percent stake in Coal India. Shares of Coal India fell 4 percent in the early trade on Wednesday after the government has decided to sell its stake in the company through OFS route. The government will sell 3 percent stake in Coal India (CIL) for Rs 266 a share through OFS route on October 31, which may fetch the exchequer Rs 5,000 crore, according to sources. The government will offer an additional 6 percent stake in case of over-subscription, sources said. The two-day offer for sale (OFS) will open on October 31 for institutional bidders. Retail investors, who can bid for the OFS on November 1, will get an additional 5 percent discount. If the entire 9 percent stake in CIL could be sold off, then it could fetch the government about Rs 15,000 crore. The government had last sold 10 percent stake in CIL through an OFS in January 2015. It had then mopped up about Rs 23,000 crore. The government currently holds 78.32 perce...

Brent crude futures had gained 36 cents, or 0.5 percent, to $76.27 a barrel by 0110 GMT. Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the US-China trade war kept the pressure on the market. Brent crude futures had gained 36 cents, or 0.5 percent, to $76.27 a barrel by 0110 GMT. They fell 1.8 percent on Tuesday, at one point touching their lowest since August 24 at$75.09 a barrel. US West Texas Intermediate (WTI) crude futures advanced 27 cents, or 0.4 percent, to $66.45 a barrel on Wednesday. They dropped 1.3 percent the day before, after hitting their weakest since August 17 at $65.33 a barrel. Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October, and are on track to post their worst monthly performance since July 2016. Oil has been caught in the global financial market slump this month, with equities under pressure from the ...

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.05 percent, but it was still on track to fall roughly 11 percent this month. Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained cautious after a torrid October month that saw trillions of dollars wiped out of global equity markets. A confluence of factors from Sino-US trade tensions to worries about US corporate earnings to the end of easy money in developed economies have spurred volatility in financial markets in the past few weeks. Anxiety that global growth might be rapidly losing momentum has been at the centre of the market ructions. Early Asian trade on Wednesday suggested investor sentiment remained fragile. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.05 percent, but it was still on track to fall roughly 11 percent this month. The index had dropped to its lowest level si...

Spot gold has had a difficult few months, falling from a high of $1,366.07 in January to as low as $1,159.96 in August as the dollar strengthened and the US Federal Reserve pushed ahead with interest rate rises. The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association's annual gathering predicted on Tuesday. A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year's time for silver, platinum, and palladium. Spot gold has had a difficult few months, falling from a high of $1,366.07 in January to as low as $1,159.96 in August as the dollar strengthened and the US Federal Reserve pushed ahead with interest rate rises. But it has since clawed back to around $1,225 an ounce as volatility on global stock markets revived interest in bullion as a safe place to store assets. A stronger dollar hurts gold prices by making it more expensive for buyers with o...

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 70.5 points or 0.69 percent. Nifty futures were trading around 11,299-level on the Singaporean Exchange. The Nifty50 is expected to open higher on Wednesday following positive trend seen in other Asian markets. The index closed 52 points lower at 10,198 on Tuesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 70.5 points or 0.69 percent. Nifty futures were trading around 11,299-level on the Singaporean Exchange. US stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about US-China trade policy tensions and a sharp drop in the big technology and internet shares, said a Reuters report. Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained caut...

Equity benchmarks Sensex and Nifty50 were trading almost flat around 11:20 am on Tuesday as gains in shares of Infosys, TCS and SBI were offset by losses in Reliance Industries, HDFC, and ITC.  List of trading ideas from various experts and here's what they had recommended for today's afternoon trade:  Federal Bank is a 'Buy' call with a target price of Rs 95 and a stop loss of Rs 78.50.  Karnataka Bank NSE 6.50 % is a 'Buy' call with a target price of Rs 109 and a stop loss of Rs 98.  Balkrishna Industries NSE 1.17 % is a 'Buy' call with a target price of Rs 1150 and a stop loss of Rs 1075.  Federal Bank is a 'Buy' call with a target price of Rs 91 and a stop loss of Rs 82.  Karnataka Bank is a 'Buy' call with a target price of Rs 112 and a stop loss of Rs 104.  Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with cert...

Support for Nifty is seen at 9,952 which is March 2018 low while the further rise in volatility will cap any chances of the bounce back in the market, says Ashish Chaturmohta of Sanctum Wealth Management The week started with a rally in equity markets. The Nifty opened in the positive and after initial hiccup added strength as the day progressed. The index finally closed at 10,251 up by 2.2 percent. Broader indices, BSE Mid, and Smallcap gained 2.8 percent and 2.1 percent respectively for the day. Market breadth was more than 3:1 in favour of advances on NSE. Last week, the index touched low of 10,004 and managed to hold above the psychological level of 10,000. Even after Monday's bounceback, the index is still below the rising support trendline connecting lows of 9,825 and 7,894. Thus, crossing above 10,300, bounceback towards 10,460 can be expected. On the downside, support levels for the market are seen at 9,952 which is March 2018 low. The next support is at 9...

Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close. Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports. Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were firmer, however, at $67.16 a barrel, up 12 from their last settlement. Oil has been caught up in broad financial market slumps this month, with stocks falling again on Monday after reports Washington was planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world's two largest economies. High oil prices are hurting consumers and could dent demand, the executive ...