Heavyweights like HDFC, Reliance, HDFC Bank & ICICI are top contributors##Heavyweights like HDFC, Reliance, HDFC Bank & ICICI are top contributors

May 20, 2019 3:53 PM

Adani Ports, SBI, UltraTech, HDFC, UPL, ICICI Bank & Axis Bank hit 52-week highs##Adani Ports, SBI, UltraTech, HDFC, UPL, ICICI Bank & Axis Bank hit 52-week highs

May 20, 2019 3:50 PM

IndusInd Bank, SBI, Tata Motors among top Sensex gainers, Bajaj Auto and Infosys slip##IndusInd Bank, SBI, Tata Motors among top Sensex gainers, Bajaj Auto and Infosys slip

May 20, 2019 3:47 PM

Closing Bell: Sensex, Nifty end at record closing highs##Closing Bell: Sensex, Nifty end at record closing highs

Benchmark indices ended Monday's session posting biggest single session gain since a decade as exit poll results predicted a comfortable win for the BJP-led NDA government. At close, the Sensex was up 1,421.90 points, or 3.75 percent, to trade 39,352.67, while the NSE Nifty50 was up 421.10 points, or 3.69 percent, at 11,828.25. Indiabulls Housing, IndusInd Bank, Adani Ports, SBI and Tata Motors were among major gainers on the Nifty, while losers were Dr Reddy’s Labs, Zee Entertainment, Bajaj Auto, Tech Mahindra and Infosys. All the sectoral indices ended in green led by PSU banks, infra, auto, energy, FMCG, metal and pharma.

May 20, 2019 3:44 PM

Kirloskar Oil jumps 16% as January-March PAT doubles on year##Kirloskar Oil jumps 16% as January-March PAT doubles on year

Shares of Kirloskar Oil Engines surged over 16 percent to a one-month high of Rs 183.95 today after the company posted an over-twofold year-on-year rise in net profit for the March quarter at Rs 921 million. The company's operating margin expanded to 16.21 percent in Jan-Mar from 9.92 percent a year ago, while revenue came in at Rs 8.5 billion as against Rs 7.9 billion in the year-ago period. Gains in the stock were backed by volumes. So far today, 168,280 shares of the company were traded on NSE, more than 11 times the six-month average daily volume of 14,937 shares. At 3.10 pm, shares of the company were up 9.8 percent at Rs 173.35.

May 20, 2019 3:32 PM

Sensex, Nifty trade above record closing highs##Sensex, Nifty trade above record closing highs

May 20, 2019 3:07 PM

Market update: Sensex, Nifty extend gains as exit polls predict Modi win##Market update: Sensex, Nifty extend gains as exit polls predict Modi win

The BSE Sensex surged nearly 1300 points, or 3.43 percent, to trade at 39,230 at 2.42 pm. The NSE Nifty50 gained 388.55 points, or 3.41 percent, to trade at 11,795.70 at 2.43 pm. Only five Nifty stocks traded in the red with Dr Reddy's down maximum by 6.26 percent. Zee Entertainment also slipped over 3.21 percent. Among gainers, Indiabulls Housing Finance rose over 11 percent. SBI, Adani Ports, Yes Bank, IndusInd Bank and Grasim.

May 20, 2019 2:47 PM

GSK Pharma posts Q4 net profit 16% higher than the same quarter last year; revenue dips marginally##GSK Pharma posts Q4 net profit 16% higher than the same quarter last year; revenue dips marginally

May 20, 2019 2:29 PM

Corporation Bank down over 7% on record loss in January-March##Corporation Bank down over 7% on record loss in January-March

Shares of Corporation Bank fell over 7 percent today to hit a six-month low of Rs 23.80 as the lender posted record loss of Rs 65.81 billion in the March quarter, as provisions for bad loans jumped more than ten-fold on quarter and nearly double from the corresponding quarter a year ago. In January-March 2018, the lender had posted a loss of Rs 18.38 billion, while for the December quarter, it reported a net profit of Rs 605.31 million. At 2.04 pm, shares of Corporation Bank traded down 2.7 percent at Rs 24.95.

May 20, 2019 2:15 PM

Gold update: Gold futures fall 1.21% on weak domestic cues##Gold update: Gold futures fall 1.21% on weak domestic cues

Gold prices dipped 1.21 percent to Rs 31,407 per 10 gram in futures trade Monday as speculators reduced exposure amid weak domestic cues. On the Multi Commodity Exchange, gold for delivery in June contracts eased by Rs 384, or 1.21 percent, to Rs 31,407 per 10 gram in a business turnover of 7,567 lots. In the domestic markets, a strong rupee against the US dollar dented the safe-haven sentiments of the precious metal, say reports. Gold prices were trading marginally up by 0.01 percent to $1,275.80 an ounce in New York. (PTI)

May 20, 2019 1:45 PM

2014 vs 2019 Lok Sabha elections: Here's how the markets fared

Indian markets on Monday opened with their biggest gain since May 16, the counting day of the 2014 general elections.

May 20, 2019 1:25 PM

Inox Wind shares rise 6 percent on improved Q4 performance##Inox Wind shares rise 6 percent on improved Q4 performance

Inox Wind rose 6 percent on Monday after company minimise its losses in the Q4FY19 with a net loss at Rs 53.6 crore versus loss of Rs 55.7 crore, while revenue was down 11.7% at Rs 179.6 crore versus Rs 203.4 crore, YoY.

May 20, 2019 1:04 PM

APL Apollo soars 10% as January-March consolidated PAT jumps 45%##APL Apollo soars 10% as January-March consolidated PAT jumps 45%

Shares of APL Apollo Tubes soared 10 percent as the company's consolidated net profit for the March quarter surged 44.7 percent on year to Rs 617 million. The company's revenue from operations for the quarter jumped 37.8 percent to Rs 20.94 billion, and total expenditure, including finance cost, was at Rs 20.02 billion compared with Rs 14.54 billion a year ago. The company said it will pay a dividend of Rs 14 a share. However, the company's operating margin contracted by 12 basis points, while the cost of materials consumed rose 28.2 percent on year to Rs 17.89 billion. So far today, 76,169 shares of the company have changed hands on the NSE, three times the daily average of 25,081 shares.

May 20, 2019 12:48 PM

NIIT gains 2% as company sells 23.1% stake in NIIT Tech##NIIT gains 2% as company sells 23.1% stake in NIIT Tech

Shares of NIIT were up nearly 2 percent at Rs 102.75 as the company has received Rs 20.20 billion from the sale of its 23.10 percent stake in subsidiary NIIT Technologies to Hulst B.V., a company indirectly owned by Baring Private Equity Asia.

May 20, 2019 12:39 PM

Sensex, Nifty and Nifty Bank seeing biggest intra-day gains since 2009##Sensex, Nifty and Nifty Bank seeing biggest intra-day gains since 2009

May 20, 2019 12:30 PM

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