Closing Bell: Sensex ends higher, Nifty above 11,600; Indiabulls Housing gains 6%##Closing Bell: Sensex ends higher, Nifty above 11,600; Indiabulls Housing gains 6%

The Nifty and Sensex ended higher on Friday, the last trading session on the financial year 2018-19 (FY19), led by gains in metal, auto, realty and pharma sectors. The S&P BSE Sensex settled at 38,673, up 127 points, while the broader NSE Nifty50 ended at 11,624, adding 54 points. Meanwhile, in broader markets Nifty Midcap index outperformed frontline indices rising 1 percent, while Nifty Smallcap was flat.

Both indexes have gained about 7 percent this month, and over 1 percent for the week in what would be their sixth straight weekly rise. Indiabulls Housing Finance, Vedanta, Grasim, UPL, and BPCL were top gainers on the NSE frontline index, rising between 3 to 6 percent. GAIL, IndusInd Bank, Eicher Motors, Bajaj Auto, and Bharti Infratel fell by up to 2.3 percent.

The Nifty Metals index rose 2.5 percent, with JSPL, Steel Authority of India, and NMDC rising 8 percent, 6 percent and 3.5 percent, respectively. Nifty Pharma, Nifty Media and Nifty Auto were other sectors that gained over 1 percent each on Friday.

Mar 29, 2019 3:36 PM

Top gainers on Nifty Metal: JSPL up 9%, SAIL advances 6%##Top gainers on Nifty Metal: JSPL up 9%, SAIL advances 6%

Mar 29, 2019 3:50 PM

Sectoral Trend: Nifty Metal rallies 2.3%, auto, pharma index up 1% each##Sectoral Trend: Nifty Metal rallies 2.3%, auto, pharma index up 1% each

Mar 29, 2019 3:49 PM

Top Nifty gainers and losers: Indiabulls Housing Finance rises 6%, GAIL down 2.3%##Top Nifty gainers and losers: Indiabulls Housing Finance rises 6%, GAIL down 2.3%

Mar 29, 2019 3:47 PM

Nifty Metal rose over 2% after progressive US-China trade talks##Nifty Metal rose over 2% after progressive US-China trade talks

The Nifty Metal remained one of the best-performing sectoral indices today. At 1:50 PM, the index was higher by 2.32 percent at 3,041.10. The reason behind metal stocks’ rally is smooth trade talks between China and the US and expectations of improved demand.

Shares of Tata Steel rose 3.75 percent, Steel Authority of India Ltd (SAIL) gained about 6 percent, JSW Steel surged 3 percent and Jindal Steel and Power advanced the highest by 10 percent intraday on Friday.

In fact, the mood of the stock market has been really uplifted after China made its first move to re-initiate trade talks with the US on a range of issues. READ MORE

Mar 29, 2019 3:26 PM

Why REITs will be a game changer for the real estate industry

REITs are total return investments, with 90 percent of their income to be distributed as dividends plus the potential for moderate and long-term capital appreciation.Get latest Real Estate online at cnbctv18.com

Mar 29, 2019 3:17 PM

Adani Group stocks rally on acquisition, heavy volumes##Adani Group stocks rally on acquisition, heavy volumes

Shares of Adani Group companies gained on Friday supported by an acquisition by Adani Logistics and heavy volume. Adani Gas gained 15 percent, Adani Enterprises rose about 8 percent and Adani Power surged around 6 percent intraday on the NSE.

Adani Group stocks are in the news today after Adani Logistics on Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore.

Innovative B2B provides integrated logistics services for domestic cargo movement and is considered to be a prominent operator with circuits connecting Eastern and Northern hinterland. READ MORE

Mar 29, 2019 3:01 PM

Why you should subscribe Rail Vikas Nigam's Rs 482-crore IPO##Why you should subscribe Rail Vikas Nigam's Rs 482-crore IPO

The initial public offering (IPO) of state-run Rail Vikas Nigam (RVNL) opened for subscription on Friday, with an aim to raise Rs 482 crore through the share sale. The company is offering 25.34 crore shares at a price band of Rs 17-19 per equity share. The Rs 482 crore IPO will close on April 3. The 'miniratna' company will be the third rail PSU to be listed after RITES and IRCON.

Most analysts have a 'subscribe' rating to the IPO amid the government's focus on rail infrastructure spending. It also has a strong growth prospect and robust executable order book, and attractive valuation, the said. READ MORE

Mar 29, 2019 2:46 PM

Metropolis Healthcare's Rs 1,200-crore IPO opens on April 3##Metropolis Healthcare's Rs 1,200-crore IPO opens on April 3

Metropolis Healthcare's initial public offer (IPO) will open for subscription on April 3 and the diagnostics company is looking to fetch around Rs 1,200 crore. The price band is set at Rs 877 to Rs 880. Ameera Shah, MD of the company, spoke to CNBC-TV18 about the funding situation, expansion plans and capex.

“As far as our expansion plans, as far as whatever small capex investments that we need to do for maintenance capex, we are able to create that from our own internal cash flow. So there is not a requirement for external funding,” Shah said. READ MORE

Mar 29, 2019 2:28 PM

Why you should subscribe Rail Vikas Nigam's Rs 482-crore IPO

Most analysts have a 'subscribe' rating to the IPO amid the government's focus on rail infrastructure spending.

Mar 29, 2019 2:09 PM

As IPO flood recedes, Asia bankers bet on follow-on capital raising##As IPO flood recedes, Asia bankers bet on follow-on capital raising

Bankers in Asia are betting on newly-listed companies returning to the markets for fresh capital as last year's flood of initial public offerings (IPOs) slows to a trickle, with 2019 seeing the weakest start in equity sales in three years.

Equity sales in the region, including IPOs, convertible bonds and follow-on sales, fell 41 percent to $49.1 billion in the first quarter, Refinitiv data show, the slowest since 2016.

Fees from equity capital market (ECM) deals have reached $966 million so far, bankers' worst quarterly haul in six years. The data make for a sobering read after 2018 when Asia's red-hot markets hosted many multi-billion dollar IPOs, including SoftBank Corp's $23.6 billion Tokyo float and Xiaomi's $5.4 billion one in Hong Kong. READ MORE

Mar 29, 2019 1:52 PM

Bull run may continue if election results are favourable, says Motilal Oswal##Bull run may continue if election results are favourable, says Motilal Oswal

Manish Sonthalia, chief investment officer of portfolio management services at Motilal Oswal Asset Management, is of the view that gains in Indian markets will sustain if the result of 2019 general elections is favourable.

“We have seen the amount of foreign portfolio investor (FPI) flow come in the month of March. We have seen a fair bit of correction in the broader markets in India and there is no negative surprise to be seen at least as far as domestic news flows are concerned till May 23,” Sonthalia told CNBC-TV18 on Friday. READ MORE

Mar 29, 2019 1:35 PM

PNB sells its entire stake of 42 lakh unlisted equity shares in Experian Credit Information Company on March 28#PNB sells its entire stake of 42 lakh unlisted equity shares in Experian Credit Information Company on March 28

Mar 29, 2019 1:17 PM

Setback for GMR, Supreme Court refuses to allow clearance for construction of Goa Airport in Mopa##Setback for GMR, Supreme Court refuses to allow clearance for construction of Goa Airport in Mopa

Mar 29, 2019 12:59 PM

MSTC hits 5% upper circuit after tepid stock market debut##MSTC hits 5% upper circuit after tepidstock market debut

MSTC shares listed at an over 7 percent discount on Friday after the company's IPO was subscribed 1.5 times last week. The MSTC stock has made its stock market debut at Rs 111 per share, down 7.5 percent from the issue price of Rs 120. Soon after the listing, the stock locked in an upper circuit of 5 percent at Rs 117 per share intraday on the BSE.

Investors bid for 25.8 million shares compared to 17.7 shares on offer. On Friday, the issue was subscribed 1.5 times, after the company extended its share sale and reduced the lower end of the price band. The company had revised its price band to Rs 120-128 per share from Rs 121-128 per share. READ MORE

Mar 29, 2019 12:43 PM

Load more