Here's why Bajaj Finance lost 10% in July despite gaining 22% in 2019

Bajaj Finance, which has gained over 22 percent in 2019, fell nearly 10 percent in the month of July.

Jul 22, 2019 3:55 PM

Market closes at over two-month low, down for 3rd straight day##Market closes at over two-month low, down for 3rd straight day

Jul 22, 2019 3:52 PM

Here's a quick round up of what has so far happened in the markets today##Here's a quick round up of what has so far happened in the markets today

-Market closes at over two-month low, down for third straight day with the Sensex slipping more than 300 points for third consecutive session.

-Financials fall the most amongst frontline stocks with the Nifty Bank slipping 485 points. Selling in heavyweights like HDFC Twins, ITC, Bajaj Fin kept market under pressure.

-HUL, L&T close lower ahead of earnings tomorrow.

-Midcap Index closed 100 points lower; market breadth favours declines.

-YES BANK snaps three-day losing streak, posts biggest single-day gain in a month.

-Reliance Industries up over 2 percent on better-than-expected earnings in Q1.

Jul 22, 2019 3:49 PM

Closing Bell: Sensex holds 38000, Nifty near 11350, Bank Nifty falls 485 points##Closing Bell: Sensex holds 38000, Nifty near 11350, Bank Nifty falls 485 points

Indian shares fell for yet another session with the Sensex holding 38,000 mark but the Nifty settled below 11,350 level. At close, the Sensex was down 306 points, or 0.80 percent, at 38,031, while the Nifty was down 73 points, or 0.64 percent, at 11, 346. The Nifty MidCap index was down almost 0.6 percent, while smallcap index shed 1 percent. Bajaj Finserv, HDFC, Kotak Mahindra Bank, HDFC Bank and Eicher Motors were among major losers on the Nifty, while gainers were Yes Bank, Vedanta, Hindalco Industries, Zee Entertainment and Indiabulls Housing. Among sectors, Banks and FMCG indices declined, while metal, pharma, energy, IT and auto advanced.

Jul 22, 2019 3:47 PM

YES Bank surges 9% amid reports of DHFL's big deal##YES Bank surges 9% amid reports of DHFL's big deal

Shares of YES Bank gained 9.24 percent intraday on Monday as Economic Times reported that Dewan Housing Finance Limited is likely to announce a deal with investor Aion Capital for a majority stake in the housing finance company. READ MORE

Jul 22, 2019 3:24 PM

Sensex, Nifty slump over 2% in two days: Here are five key reasons

Indian markets have been under pressure since the Union Budget 2019 due to several key proposals by the finance ministry triggered a selloff.

Jul 22, 2019 3:17 PM

GlaxoSmithKline Pharma consolidated net profit up 35% at Rs 113.5 crore##GlaxoSmithKline Pharma consolidated net profit up 35% at Rs 113.5 crore

Jul 22, 2019 3:08 PM

TVS Motor Q1 Earnings Preview: What you should watch out for##TVS Motor Q1 Earnings Preview: What you should watch out for

TVS Motor will be reporting its first-quarter earnings on Monday and analysts expect the two-wheeler maker to report muted growth this time around.

-It has been a slow quarter for all the automakers and TVS will be no different. That is the reason why the stock is down 30 percent in 2019. It closed at a 52-week low on a Friday because of weakness in demand and high inventory levels.

-One should not expect anything spectacular from the numbers, revenue growth in single-digit of around 8.5 percent is what the street is anticipating. READ MORE

Jul 22, 2019 3:06 PM

Oriental Bank of Commerce report a net profit of Rs 112.7 crore Vs loss on 393.2 crore in Q1##Oriental Bank of Commerce report a net profit of Rs 112.7 crore Vs loss on 393.2 crore in Q1

Jul 22, 2019 2:43 PM

United Spirits Q1 results today: 5 things to watch out for##United Spirits Q1 results today: 5 things to watch out for

United Spirits will report its June-quarter earnings on Monday and analysts expect the company to report moderate growth this time around.

-CNBCTV18’s poll estimates revenue growth at 8 percent and improvement in operating margins to 11 percent from 9 percent on a year-on-year (YoY) basis.

-The profit is seen growing 59 percent to Rs 129 crore, volume growth is seen 7-8 percent but flat or marginally negative in the popular segment. READ MORE

Jul 22, 2019 2:01 PM

Despite selloffs, these smallcap stocks delivered big returns in last 1 year##Despite selloffs, these smallcap stocks delivered big returns in last 1 year

Smallcap stocks have been under pressure in the last 1 year amid lingering concerns of corporate governance, liquidity crunch in the economy and fears of a growth slowdown. The BSE Smallcap index has fallen over 16 percent in the last 1 year as compared to a 4 percent rise in the BSE Sensex. Of 851 stocks in the BSE Smallcap index, 79 percent or 673 stocks have delivered negative returns in the last 1 year, whereas, only 178 stocks gained during this time. READ MORE

Jul 22, 2019 1:49 PM

HDFC falls most in 4 years as subvention schemes may end##HDFC falls most in 4 years as subvention schemes may end

Shares of Housing Development Finance Corp saw their sharpest fall in nearly four years due to concerns that the company's growth momentum may not sustain, as the National Housing Bank has reportedly asked housing finance companies to stop financing subvention schemes, which are hugely popular with real-estate developers. HDFC shares were down 5 percent at Rs 2,188.45, the worst hit on the Nifty 50 index.

Jul 22, 2019 1:26 PM

What's ailing the midcap IT sector?##What's ailing the midcap IT sector?

Five midcap IT companies declared their quarterly earnings recently. While L&T Tech and Mindtree have scaled down their FY20 guidance, Cyient discontinued its FY20 revenue guidance. The results for L&T Infotech and Tata Elxsi also point to a marked slowdown. So what went wrong? READ MORE

Jul 22, 2019 12:57 PM

CRISIL on GT report: Have never rated IL&FS Ltd, IL&FS Fin or any debt issued by these companies##CRISIL on GT report: Have never rated IL&FS Ltd, IL&FS Fin or any debt issued by these companies

Jul 22, 2019 12:20 PM

Cyient down on poor April-June quarter results; recovery seen below view##Cyient down on poor April-June quarter results; recovery seen below view

Shares of Cyient slumped nearly 8 percent to hit an over two-year low of Rs 445 as investors were disappointed with the company's consolidated net profit in the June quarter, which halved on quarter due to a fall in revenue from business services and wage hikes. Brokerage firm Prabhudas Lilladher said that 2019-20 will be a complete washout year for Cyient, and downgraded its rating on the stock to "hold" from "accumulate". At 11.55 am, the stock was down 4.8 percent at Rs 460.

Jul 22, 2019 12:01 PM

Load more