Sensex heatmap at close: Reliance Industries gained 2.63%, NTPC 2.5%, Axis Bank 2.49%##Sensex heatmap at close: Reliance Industries gained 2.63%, NTPC 2.5%, Axis Bank 2.49%

Jun 25, 2019 3:42 PM

Closing Bell: Sensex, Nifty end with gains led by RIL, HDFC, Axis Bank##Closing Bell: Sensex, Nifty end with gains led by RIL, HDFC, Axis Bank

The 30-share benchmark S&P BSE Sensex was up 311.98 points at 39,434.94, while the broader NSE Nifty50 was up 96.80 points 11,796.50. Broader market indices also rose with energy, metal, oil & gas leading among advancing sectors, while media, IT, pharma and capital goods traded under pressure. JSW Steel, BPCL, Reliance Industries, Axis Bank and Tata Steel were among major gainers on the indices, while losers were Yes Bank, Bharti Infratel, Asian Paints, IndusInd Bank and L&T.

Jun 25, 2019 3:41 PM

SpiceJet rises 4% on launch of 8 non-stop international flights##SpiceJet rises 4% on launch of 8 non-stop international flights

BSE-listed SpiceJet rose nearly 4 percent after the airline announced the launch of eight non-stop international flights from Mumbai and Delhi. The flights will connect Mumbai to Riyadh and Dhaka and Delhi to Dhaka and Jeddah, with the lowest introductory promotional fare starting at Rs 9,276, the airline said in a press release. The flights to Dhaka and Jeddah will start operating from the first week of July, and the flight to Riyadh will commence on August 15.

Jun 25, 2019 3:24 PM

Already hit by slowdown, auto sector is fighting the domino effect of IL&FS crisis too##Already hit by slowdown, auto sector is fighting the domino effect of IL&FS crisis too

For the Indian automobile sector to revive, lending to the industry must return to pre-IL&FS crisis levels – that’s the word from auto dealers across the country, who, already having been hit by a record slowdown in sales, are now also pressed for funds. READ MORE

Jun 25, 2019 3:09 PM

RBI recommends Rs 10,000 crore government sponsored fund of funds for MSMEs

The RBI has recommended to set up a Fund of Funds (FoF) to support the venture capital and private equity funds investing in the MSME sector on modified term sheets developed by Small Industries Development Bank of India (SIDBI), a report published by the central bank said.Get latest Economy online at cnbctv18.com

Jun 25, 2019 3:01 PM

Nifty PSU Bank up for 4th day as govt bond yields fall##Nifty PSU Bank up for 4th day as govt bond yields fall

The Nifty PSU Bank index rose for the fourth consecutive session on expectations that the fall in the government bond yields recently would improve treasury income for these banks. The Nifty PSU Bank has gained 3 percent in the last seven days. The 10-year government bond yield has fallen 17.44 basis points since RBI's monetary policy outcome on June 6. As many as 10 stocks advanced against 2 declining.

Jun 25, 2019 2:35 PM

ICICI Lombard slumps nearly 7% post large deals on NSE##ICICI Lombard slumps nearly 7% post large deals on NSE

Shares of ICICI Lombard General Insurance sank over 7 percent after multiple large deals on the National Stock Exchange. At 2.12 pm, shares of ICICI Lombard were down 7.05 percent at Rs 1,092.80. As many as 1,77,90,085 shares changed hands on NSE. Meanwhile, the Nifty50 surged 79.40 points, or 0.71 percent, to trade at 11,782.70. The BSE Sensex was up by 259 points, or 0.66 percent, to trade at 39,382.23.

Jun 25, 2019 2:15 PM

V-Mart Retail witnesses under selling pressure, plunges 16%##V-Mart Retail witnesses under selling pressure, plunges 16%

Jun 25, 2019 1:57 PM

ZEEL shares recover from intra-day lows, stock has fallen 5.5% in 4 days##ZEEL shares recover from intra-day lows, stock has fallen 5.5% in 4 days

Zee Entertainment Enterprises Ltd's shares traded under pressure on Tuesday on reports that Essel Group will sell stake to pare debt. ZEEL shares recovered from an intra-day low of Rs 325, but still traded over 2.5 percent lower, quoting at Rs 332.65 on BSE at 12.49 pm. The large cap stock has been losing for the last four days and has fallen almost 5.5 percent during the period.

Jun 25, 2019 12:56 PM

These micro-cap stocks grew 30-55% in last one month

Micro-caps are those stocks which fall below the bracket of Rs 1,000 crore market capitalisation. In the last one month, seven micro-cap stocks rose 30-55 percent.

Jun 25, 2019 12:40 PM

L&T Technology dips 3% as parent co decides to sell stake##L&T Technology dips 3% as parent co decides to sell stake

L&T Technology Services shares fell nearly 3 percent intraday on June 25 as parent firm said it was selling its stake in the company to meet minimum public shareholding norms. At 12.21 pm, shares quoted at Rs 1719.45, down by 1.81 percent on BSE. The benchmark Sensex traded 107 points higher at 39,230.51. The Nifty was up 28 points to trade at 11,727.80.

Jun 25, 2019 12:22 PM

This small-cap FMCG stock has given 1556% returns in the last one year##This small-cap FMCG stock has given 1556% returns in the last one year

Year-to-date, however, the stock has posted a very healthy return of over 70 percent against the sector's return of a little below 4 percent. Not just that, the one year return of the Ahmedabad-based company is a whopping 1556 percent. During the same period, the Sensex has returned a little over 10 percent. READ MORE

Jun 25, 2019 11:47 AM

Gold prices in India at record high, hit Rs 3550 per gram in spot market##Gold prices in India at record high, hit Rs 3550 per gram in spot market

Gold prices surged further on Tuesday, hitting Rs 35500 per 10 grams in spot market, inclusive of 3 percent GST. The yellow metal has been trading at its six-year high on expectations of rate cuts by US Federal Reserve. A decline in equities and geopolitical concerns have further boosted demand for Gold with strong ETF buying. Gold prices are up 8 percent this month.

Jun 25, 2019 11:42 AM

Torrent Power up 10% on favourable order from GERC##Torrent Power up 10% on favourable order from GERC

Torrent Power up 10 percent after it received a favourable order from Gujarat Electricity Regulartory Commission (GERC). The order allows UNOSUGEN plant to charge Annual Fixed Cost (excluding water charges) as determined by the Hon'ble CERC or Rs. 228 crores per annum; whichever is lower. This will translate to a competitive AFC (Annual Fixed Charge) of Rs. 1.10 per unit at normative PLF of 85 percent for 278 MW. While the approved fixed charge will not enable the company to recover the Fixed Costs fully, it will enable the Torrent Power to service the requisite debt service obligation and recover some overheads.

Jun 25, 2019 11:36 AM

All that glitters is not gold for Indian jewellers -- price rise keeps customers away

The gold prices in India have hit a record high with prices inching above Rs 34,200 per 10 gm.

Jun 25, 2019 11:30 AM

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