Here are all the key market highlights of the day##Here are all the key market highlights of the day

1. Market pares most gains to end the Thursday session flat

2. Sensex slips 418 points and Nifty 121 points from intra-day highs

3. Nifty bank closes 162 points higher after trading in the range of 600 points

4. Midcap index ends 23 points in the green; market breadth favours advances

5. PSU Bank and FMCG gain the most amongst indices while realty and metal slip

6. Reliance, ICICI and HDFC drag Nifty while TCS, HUL and Kotak Bank help

7. Kotak Mahindra Bank contributes 90 percent to the Nifty Bank gain

8. Yes Bank surges 26 percent on reports of government forming SBI-led consortium for the stake buy

9. IT stocks snap the gaining streak after rupee strengthens against the US dollar

10. Tata motors end at day’s low despite JLR UK sales rising 15 percent on a YoY basis

11. Eicher Motors moves 3 percent higher after IIFL upgrades the stock to buy

Mar 5, 2020 4:05 PM

Closing Bell: Sensex, Nifty end with mild gains; Yes Bank rallies 27% on stake sale buzz##Closing Bell: Sensex, Nifty end with mild gains; Yes Bank rallies 27% on stake sale buzz

Indian shares ended with mild gains on Thursday, supported by a rise in Asian and US markets but worries over a spike in coronavirus cases in the country kept gains in check. Investors remained cautious that a rapid spread could further hit an already slowing economy.

The BSE Sensex ended 61 points higher at 38,470, while the Nifty50 index settled 18 points higher at 11,269. Meanwhile, the broader markets were mixed in trade with the Nifty Midcap index up 0.05 percent and Nifty Smallcap index down 0.1 percent.

Among stocks, Yes Bank, Eicher Motors, HCL Tech, Kotak Bank, and HUL were the top gainers on the Nifty50 index, while Zee, Hindalco, Bharti Infratel, Reliance Industries, and Cipla led the losses. Click here to read more

Mar 5, 2020 3:41 PM

Mumbai's Wadala tipped among world's most promising property hubs

The Wadala suburb, which houses a truck terminal, is close to the centre of the Mumbai Metropolitan Region (MMR), and has excellent connectivity, with major roads linking it to south Mumbai, Navi Mumbai and the central suburbs and a monorail connection to western and central railway networks.Get latest Real Estate online at cnbctv18.com

Mar 5, 2020 3:03 PM

Mar 5, 2020 2:48 PM

Not just Indian Hotels, IRCTC's shares have also taken a big hit amidst coronavirus outbreak##Not just Indian Hotels, IRCTC's shares have also taken a big hit amidst coronavirus outbreak

Coronavirus has undoubtedly affected all the sectors but the few ones that continue to face the brunt of it every day are metals, tourism, aviation including others. With rising cases of infected people in India, the share price of IRCTC is also plunging every day.

In the last six trading sessions, the stock price has slipped 27 percent. As of today, the shares have fallen 10 percent.

The railways stock particularly has dropped significantly due to travel restrictions and canceled trips.

Mar 5, 2020 2:35 PM

Coronavirus spooks the travel & tourism industry, Indian Hotels down 7%##Coronavirus spooks the travel & tourism industry, Indian Hotels down 7%

The downfall in the business of the travel & tourism industry began ever since the news of coronavirus came into being. Stocks of hotel, aviation, travel, railways including others took a hit. One such listed company is Indian Hotels.

The stock is down 7 percent today but on a year-to-date basis, it has fallen 21 percent.

Mar 5, 2020 1:52 PM

This logistics company remains unaffected by the coronavirus outbreak, acquires 26% stake in Gati##This logistics company remains unaffected by the coronavirus outbreak, acquires 26% stake in Gati

The share price of Allcargo Logistics surged nearly up to 4 percent after SEBI approved its open offer of acquiring a stake in Gati.

With acquisition of 3.17 crore shares in the company, Allcargo's stake in Gati reaches to 47 percent, making the latter a controlling stakeholder.

Mar 5, 2020 1:42 PM

Mar 5, 2020 1:13 PM

Telcos in focus: Vodafone Idea's shares price down 8%##Telcos in focus: Vodafone Idea's shares price down 8%

Shares of Vodafone Idea plunged over 8 percent after the Department of Telecom sent out fresh notices to the telecom operators on pending AGR dues.

The stock on a year-to-date basis tanked 47 percent.

Mar 5, 2020 12:43 PM

After the big surge in YES Bank, investors run for a bigger grab in SBI, stock up over 4%##After the big surge in YES Bank, investors run for a bigger grab in SBI, stock up over 4%

Shares of State Bank of India surged over 4 percent after reports made rounds that India's largest lender may buy a stake in the beleaguered YES bank.

According to Bloomberg, SBI has been asked by the government to form a consortium for stake purchase of the Yes Bank.

At 12 pm, the stock jumped 10 percent from its lows.

Mar 5, 2020 12:23 PM

Mar 5, 2020 12:07 PM

YES Bank's shares climb nearly 30% but Abhimanyu Sofat of IIFL Securities recommends retail investors to remain cautious##YES Bank's shares climb nearly 30% but Abhimanyu Sofat of IIFL Securities recommends retail investors to remain cautious

Abhimanyu Sofat, Head of Research at IIFL Securities feels the critical thing to watch out would be percentage dilution of equity taken into consideration the conversion of existing bonds issued by Yes Bank into equity.

We recommend retail investors to remain cautious despite the big spike in the price of Yes Bank and negative reaction for SBI, added Sofat.

Mar 5, 2020 11:38 AM

Will SBI say 'YES'? Debt-ridden private bank's shares jump 27%##Will SBI say 'YES'? Debt-ridden private bank's shares jump 27%

The government has approved a plan for State Bank of India to form a consortium that will buy a stake in the debt-ridden YES Bank, reported Bloomberg.

At 11:20 AM, YES Bank’s shares jumped 27 percent to Rs 36.85 per share on the NSE. Meanwhile, the share price of SBI slid nearly 1 percent.

Earlier, the private bank in an exchange filing had notified that it had received strong interest from multiple foreign as well as domestic private equity and strategic investors. READ MORE

Mar 5, 2020 11:27 AM

Govt to approve plan for SBI to buy stake in Yes Bank, says report

The government is set to approve a plan for State Bank of India to buy stake in Yes Bank, according to a Bloomberg report. Get latest Economy online at cnbctv18.com

Mar 5, 2020 11:09 AM

Government said to approve plan for SBI to buy YES bank stake, says Bloomberg##Government said to approve plan for SBI to buy YES bank stake, says Bloomberg

Mar 5, 2020 10:33 AM

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