Nifty PSU Bank index ends 5% lower; all constituents in red##Nifty PSU Bank index ends 5% lower; all constituents in red

May 13, 2019 3:46 PM

Sectoral Trend: All indices except Nifty IT ended the day in red##Sectoral Trend: All indices except Nifty IT ended the day in red

May 13, 2019 3:44 PM

Top Nifty gainers and losers: Eicher Motors tank 8%, Titan top gainer##Top Nifty gainers and losers: Eicher Motors tank 8%, Titan top gainer

May 13, 2019 3:43 PM

Closing Bell: Sensex ends 372 points lower, Nifty below 11,150; PSU Banks, auto drags##Closing Bell: Sensex ends 372 points lower, Nifty below 11,150; PSU Banks, auto drags

Indian shares ended over 1 percent lower on Monday, extending losses for the ninth straight session, dragged by pharma, auto and PSU bank stocks. Negative Sentiment in the Asian peers also pulled the markets lower. The Sensex settled 372 points lower at 37,091, while the Nifty50 lost 131 points to end at 11,148. The broader markets, however, underperformed the benchmark indices with Nifty Midcap and Nifty Smallcap down 2.2 and 2.7 percent, respectively. Eicher Motors was the biggest Nifty50 loser, down 8 percent after the company reported a disappointing set of numbers for the March 2019 quarter and brokerages cut the stock's target price for FY20. Sun Pharma, Zee, Indiabulls Housing, and YES Bank were the other top losers on Nifty. Meanwhile, Bharti Infratel, HDFC, Tech Mahindra, Titan and HUL were top gainers. All sectoral indices, except Nifty IT, ended the day in the red. Huge selling was seen in Nifty Pharma and Nifty PSU Bank index. Nifty Auto, Nifty Metal and Nifty Realty also slipped nearly 2 percent each.

May 13, 2019 3:39 PM

Sharp selling seen in the last hour of trade: Nifty gives up 11,200, trades around 11,150##Sharp selling seen in the last hour of trade: Nifty gives up 11,200, trades around 11,150

May 13, 2019 3:24 PM

IDFC First Bank identifies 3 accounts for higher provisions in Q4##IDFC First Bank identifies 3 accounts for higher provisions in Q4

IDFC First Bank had identified accounts of two financial companies and one infrastructure firm for higher provisions in Q4, said V Vaidyanathan, managing director and CEO. The finance companies are repaying on time, but the bank has taken a 15 percent provision after their ratings were downgraded, he said. Similarly, the bank had also taken a 15 percent provision on an infrastructure loan of Rs 1,100 crore after the account was delayed, he said, adding that they are not NPAs.

IDFC First Bank on May 10 reported a loss of Rs 218.03 crore for the quarter ended March 31 against a profit of Rs 41.93 crore in the corresponding period last year on account of higher provisioning. READ MORE

May 13, 2019 3:12 PM

ITC reports a growth of 19% in Q4FY19 net profit against same quarter last year##ITC reports a growth of 19% in Q4FY19 net profit against same quarter last year

May 13, 2019 2:59 PM

ITC reports Q4 net profit at Rs 3,482 crore against CNBC-TV18 poll of Rs 3,225 crore ##ITC reports Q4 net profit at Rs 3,482 crore against CNBC-TV18 poll of Rs 3,225 crore

May 13, 2019 2:47 PM

ITC appoints current MD Sanjiv Puri as Chairman of co-effective May 13##ITC appoints current MD Sanjiv Puri as Chairman of co-effective May 13

May 13, 2019 2:45 PM

Vodafone Idea Q4 results today: What you should watch out for##Vodafone Idea Q4 results today: What you should watch out for

Vodafone Idea will report its fourth-quarter on Monday and analysts expect telecom major's margins likely to hit the double-digit mark of 11.9 percent but given the high finance costs, it is expected to report a loss of Rs 4,600 crore on the bottomline.

Analysts expect to report flat revenues and improvement in margins as well as big loss in the fourth quarter of FY19. The stock has been an underperformer and has lost about 40 percent of its value in 2019 and is trading about its rights issue price of Rs 12.5. READ MORE

May 13, 2019 2:39 PM

SBI Q4 earnings analysis: Highest loan growth in eight quarters, strong balance sheet

State Bank of India (SBI) has delivered healthy fourth-quarter results on the back of stronger-than-expected loan growth and lower than expected slippagesGet latest Earnings online at cnbctv18.com

May 13, 2019 2:22 PM

Thyssenkrupp JV: Talks with other potential partners have already started, says Tata Steel CFO Koushik Chatterjee##Thyssenkrupp JV: Talks with other potential partners have already started, says Tata Steel CFO Koushik Chatterjee

Tata Steel has already started talks with other potential partners, said Tata Steel CFO and executive director Koushik Chatterjee in an exclusive interview to CNBC-TV18. On May 10, Tata Steel said the European Commission does not intend to clear its proposed joint venture with Germany's Thyssenkrupp.

The two companies had agreed last year to combine their steel operations in Europe to form the region's second-biggest steelmaker.READ MORE

May 13, 2019 2:05 PM

Delta Corp shares tank 13% after two units booked in GST evasion case##Delta Corp shares tank 13% after two units booked in GST evasion case

Shares of Delta Corp slumped over 13 percent after CNBC-TV18 reported that two units of the company were booked for GST evasion. Directorate General of Good and Services Tax (GST) Intelligence has booked two Goa-based Delta group companies -- M/S Delta Corp and Highstreet Cruises & Entertainment -- for alleged GST evasion of Rs 6,189 crore, reported CNBC-TV18.

The two subsidiaries have been accused of GST tax evasion by camouflaging a mixed supply of services connected to their casinos. Both these companies paid GST by artificially splitting the value of a single package. They split the packages into a mix of services and paid at rates for specific services. READ MORE

May 13, 2019 1:48 PM

Be extremely cautious while investing in financials this year, says Udayan Mukherjee

Market expert Udayan Mukherjee on Monday asked investors to be cautious while investing in financials and fixed income this year as he worried about the kind of scars investors will come out with because of all the corporate episodes which are floating around.

May 13, 2019 1:32 PM

Focus likely to shift back to earnings, fundamentals post-election results, says Kotak MF##Focus likely to shift back to earnings, fundamentals post-election results, says Kotak MF

Enhanced liquidity has supported the market in March and April but uncertainty around Lok Sabha election results turned the market volatile, said Harsha Upadhyaya, CIO-Equity, Kotak Mutual Fund, adding that post-election verdict investors will shift their focus to earnings and market fundamentals.

“This is market where you cannot bet on any event but you will have to watch how fundamentals are unfolding, some of which are not comfortable at this point of time and hence there is choppiness in the market,” Upadhyaya said in an interview with CNBC-TV18. READ MORE

May 13, 2019 1:16 PM

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