Sectoral Trend: All indices, except Nifty Media, end the day on a positive note##Sectoral Trend: All indices, except Nifty Media, end the day on a positive note

Jun 3, 2019 3:46 PM

Top Nifty gainers and losers at closing##Top Nifty gainers and losers at closing

Jun 3, 2019 3:41 PM

Closing Bell: Indices end at record closing highs; Sensex up 553 points, Nifty at 12,088 led by auto, metal stocks##Closing Bell: Indices end at record closing highs; Sensex up 553 points, Nifty at 12,088 led by auto, metal stocks

> The Indian benchmark indices ended at record closing highs amid rate cut hopes and fall in crude oil prices led by auto, metal and FMCG stocks.

> The Sensex settled 553 points higher at record closing high of 40,268, while the Nifty50 added 166 points to end at new closing high of 12,088.

> Heavyweights like Reliance Industries, HDFC twins, TCS, and HUL contributed the most to the indices.

> In intra-day trade, Sensex gained as much as 595 points to hit record high of 40,309, surpassing previous high of 40,125 hit on May 23.

> Meanwhile, Nifty rose 193 points to hit fresh high of 12,103, crossing the previous high of 12,041, hit on May 23.

> HeroMoto Corp, Asian Paints, IndusInd Bank, Bajaj Auto and Indiabulls Housing were among the major gainers on the Nifty50.

Jun 3, 2019 3:36 PM

JM Financial has year-end target of 13,000 for Nifty; OMCs, financials top picks

India is in a sweet spot in a bitter global environment but, at some point of time, the country might need to align itself in line with global markets, said Gautam Shah, associate director and technical analyst, JM Financial.

Jun 3, 2019 3:28 PM

Brokerages expect RBI to cut interest rates by 25 bps in June MPC meeting##Brokerages expect RBI to cut interest rates by 25 bps in June MPC meeting

Brokerages on Monday said they expect the Reserve Bank of India (RBI) will cut interest rates by 25 basis points in the June monetary policy committee (MPC) meeting after India’s fourth-quarter gross domestic product (GDP) growth rate slowed to a five-year low of 5.8 percent.

Nomura

- Q4FY19 GDP growth below market expectations.

- Slowdown reflects a combination of global weakness and continued domestic drags.

- Domestic drags reflect continued tighter financial conditions.

- High-frequency data suggest the slowdown continues into Q1FY20.

- Expect a slow recovery to start from Q2FY20, risking our FY20 forecast of 6.8 percent.

Goldman Sachs

- India’s GDP growth decelerated more than expected in Q4FY19.

- Fixed investments and exports led the slowdown.

- Expect to see a pick-up in the second half of the calendar year.

Credit Suisse

- Weak headline growth exaggerated by the high base.

- Despite real growth declining in FY19, nominal growth was still 11.2 percent.

- Nominal growth could slip sharply in the coming year.

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Jun 3, 2019 3:19 PM

Crude oil prices plunge 11% in May: Key things to know

Brent futures posted an 11 percent slide in May, falling 3.6 percent on May 31 alone.

Jun 3, 2019 3:12 PM

Edelweiss, Motilal Oswal in fray to acquire stake in IDBI AMC##Edelweiss, Motilal Oswal in fray to acquire stake in IDBI AMC

The race for IDBI AMC is heating up with top AMCs such as Edelweiss, Motilal Oswal and IIFL showing interest to acquire 100 percent stake in the mutual fund business of IDBI Bank, sources familiar with the matter told CNBC-TV18.

Last week, IDBI Bank had floated the request for proposal (RFP) to divest 100 percent stake in the AMC. According to media reports, IDBI Bank has appointed ICICI Securities Ltd to advise it on the sale of its mutual fund business, IDBI Asset Management Ltd and IDBI MF Trustee Co. Ltd and the bank has invited expression of interest from buyers by 10 June.

The move comes after LIC completed the acquisition of a 51 percent stake in IDBI Bank in January. IDBI AMC had AUM of approximately Rs 9,000 crore as of March 2019.

Jun 3, 2019 3:03 PM

Here's a quick catchup on the latest market updates:##Here's a quick catchup on the latest market updates:

- Sensex and Nifty were trading at record highs in intra-day deals today amid hopes of rate cut in June monetary policy meet and fall in crude oil prices.

- Sensex was trading over 500 points higher, while, Nifty rose 150 points.

- Both benchmark indices gained over 1 percent each led by gains in auto, metal and FMCG sectors.

- HeroMoto Corp, Bajaj Auto, Asian Paints, IOC, and Britannia were top gainers on Nifty50 index

Jun 3, 2019 2:54 PM

Motilal Oswal's Gautam Duggad prefers financials, consumer staples, industrials and IT stocks under Modi 2.0

In an interview with CNBC-TV18, Gautam Duggad, head of research - Institutional Equities, Motilal Oswal Financial Services, talks about the challenges ahead for the Modi government, markets, and expectations from the Reserve Bank of India (RBI) monetary policy meeting on June 6.Get latest Market online at cnbctv18.com

Jun 3, 2019 2:48 PM

JUST IN: RBI approves Appointment of Rakesh Makhija as Non-executive (Part-time) Chairman##JUST IN: RBI approves Appointment of Rakesh Makhija as Non-executive (Part-time) Chairman

Jun 3, 2019 2:40 PM

Apollo Hospitals surged on robust Q4 earnings##Apollo Hospitals surged on robust Q4 earnings

Shares of Apollo Hospitals Enterprises surged 9 percent intra-day trade after the company's profit more-than-doubled at Rs 84.4 crore in March quarter (Q4FY19)as against Rs 23.8 crore in the year-ago quarter.

Jun 3, 2019 2:27 PM

Nifty hits record high, crosses earlier level of 12,041.2##Nifty hits record high, crosses earlier level of 12,041.2

Jun 3, 2019 2:11 PM

Sensex hits record high, crosses earlier level of 40,125##Sensex hits record high, crosses earlier level of 40,125

Jun 3, 2019 2:09 PM

Here's a quick catchup on the latest market updates:##Here's a quick catchup on the latest market updates:

- Sensex and Nifty hit record high in intra-day deals today amid hopes of rate cut in June monetary policy meet and fall in crude oil prices

- Sensex gained as much as 426 points to hit record high of 40,140, while Nifty rose 127 points to hit fresh high of 12,050

- Auto, Metal and FMCG stocks led gains with Bajaj Auto, HeroMoto Corp and Britannia among top gainers on Nifty50

- Nifty Auto rose 1.7 percent while Nifty Metal and Nifty Auto also gained over 1 percent each

Jun 3, 2019 2:08 PM

The RBI Monetary Policy Framework: Of rituals and lion tamers

In April 2018, for example, the MPC had projected CPI at 4.4 percent for H2 FY19 with an upward bias.

Jun 3, 2019 1:54 PM

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