Here are top gainers and losers on the Sensex pack##Here are top gainers and losers on the Sensex pack

Feb 20, 2020 3:35 PM

Closing bell: Sensex ends 153 points lower, Nifty settles at 12,081; Cipla, Asian Paints top index drags##Closing bell: Sensex ends 153 points lower, Nifty settles at 12,081; Cipla, Asian Paints top index drags

Domestic stock markets settled Thursday's session on a negative note. The Sensex lost 152.88 points, or 0.37 percent, to settle Thursday's trade at 41,170.12. The Nifty declined by 45.05 points, or 0.37 percent, to end at 12,080.85. The Nifty MidCap 100 index, meanwhile, advanced 0.67 percent, while the banking gauge, Nifty Bank gained 0.34 percent on Thursday.. READ MORE

Feb 20, 2020 3:30 PM

Feb 20, 2020 3:23 PM

This airline stock can zoom 59 percent, says ICICI Securities ##This airline stock can zoom 59 percent, says ICICI Securities

This stoch has fallen over 21 percent so far in 2020 but ICICI Securities sees an upside of 59 percent on the stock going ahead. The brokerage maintained a ‘Buy’ rating on the stock with a target price of Rs 140. The scrip trades at around Rs 88 on the BSE. READ MORE

Feb 20, 2020 3:21 PM

Feb 20, 2020 3:07 PM

Coronavirus outbreak: Here are some market winners & losers as per Emkay Global’s Sunil Tirumala##Coronavirus outbreak: Here are some market winners & losers as per Emkay Global’s Sunil Tirumala

Sunil Tirumalai, head of research & equity strategist at Emkay Global Financial Services sharing the details about his report on the key market losers and winners of the coronavirus outbreak said companies with a heavy supply linkage to China are the most impacted. “One sector which stands out is the durable space. We are heading into the peak season and up to 90 percent of some of the components in white goods are imported from China. We are not sure if it can be easily replaced by other markets very quickly, and at the scale required,” he said. READ MORE

Feb 20, 2020 2:51 PM

Feb 20, 2020 2:45 PM

Hinduja Group, Cerberus in race to invest in Yes Bank; investors seek a lower price##Hinduja Group, Cerberus in race to invest in Yes Bank; investors seek a lower price

Hinduja Group has entered the race to invest in Yes Bank as part of a consortium, sources told CNBC-TV18. The group is looking to join hands with Cerberus and JC Flowers to buy a minority stake of up to 10 percent in the bank, they added. However, Hinduja-owned IndusInd Bank is not involved in the transaction, the sources, who did not want to be named, clarified. READ MORE

Feb 20, 2020 2:30 PM

Feb 20, 2020 2:23 PM

PM Modi takes stock of coronavirus concerns##PM Modi takes stock of coronavirus concerns

Prime Minister Narendra Modi took stock of concerns raised by industry leaders with regards to the impact of China’s coronavirus outbreak. The government may announce relief measures soon, sources told CNBC-TV18.

Feb 20, 2020 2:23 PM

Escorts says reports of ED probe false, shares down 4%##Escorts says reports of ED probe false, shares down 4%

Escorts Ltd told CNBC-TV18 that reports of Enforcement Directorate’s probe on the company are false.”The company follows the highest level of corporate governance. There's a lot of interest from institutional players for the company,” Escorts said.

Escorts shares traded 4.10 percent lower at Rs 873.25 per share on the BSE. The stock hit a low of Rs 838.45 per share intraday.

Feb 20, 2020 1:53 PM

Feb 20, 2020 1:37 PM

Thomas Cook board meet on February 26 to consider buyback##Thomas Cook board meet on February 26 to consider buyback

The board of Thomas Cook to consider buyback of its shares in a meeting scheduled on February 26th. The consolidated equity attributable to Thomas Cook owners as on September 29 is Rs 8,900 crore. Their total borrowings are just around Rs 321 crore and the third quarter press release indicates that the cash on the company’s books is close to Rs 1,400 crore, reports CNBC-TV18. So if one were to go by the conventional wisdom of the buyback norms, 10 percent approval of this owners’ equity of Rs 8900 crore would mean around Rs 890 crore. But would they go for 25 percent buyback - it looks unlikely because they do not have the cash and moreover, the marketcap of the company has come down on account of the restructuring that took place. READ MORE

Feb 20, 2020 1:34 PM

Feb 20, 2020 1:25 PM

Sensex, Nifty trade marginally higher##Sensex, Nifty trade marginally higher

Indian benchmark indices, Sensex and Nifty is trading marginally higher now, supported by buying in state-run lenders and metal stocks. Barring FMCG, all other sectoral indices are trading in the green led by Nifty PSU Banks, Nifty Metals, Nifty Auto and Nifty Pharma. IndusInd Bank emerged is the topmost gainer, followed by Tata Steel, Yes Bank, ZEEL and ONGC on the Nifty, while Asian Paints, Hindustan Unilever, Cipla, Nestle India, and IOCL are the top losers.

Feb 20, 2020 1:20 PM

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