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May 25, 2018 3:36 PM

Market closes in the green, Nifty reclaims 10,600.

The market closed in the green with the BSE Sensex closing at 34,924 points and the NSE Nifty closing at 10,612 points amid the fall in the oil prices and the recovery in the rupee. Hindalco, Idea Cellular, ONGC, Tata Steel and HPCL gained in trade. ONGC and HPCL gained right after the fall in the oil prices were noticed by the market while Hindalco gained after it claimed that its subsidiary, Novelis, will expand its aluminium unit in China. Idea Cellular was the top index gainer throughout the session as the DoT approved the telco's tower deal with ATC. Among losers, Vedanta remained under pressure as the anti-Sterlite protest tensions persist. SBI, ICICI Bank were also among the top losers in trade today.

May 25, 2018 3:35 PM

DoT approves Idea Cellular-ATC tower deal, Idea remains top gainer in the session##DoT approves Idea Cellular-ATC tower deal, Idea remains top gainer in the session.

Department of Telecommunications (DoT) gave its approval for ATC to acquire the standalone towers of Idea Cellular. Idea Cellular will sell nearly 10,000 standalone towers and rake in close to about Rs 4,000 crore.

Idea is sitting on a huge debt of around Rs 52,300 crore and all the money that comes in on account of the tower sale can go into reducing the company’s debt.

Idea Cellular is currently the top index gainer, trading at nearly a 7% gain post this buzz.

Watch the video for more details

May 25, 2018 3:23 PM

Just in: NYMEX Crude slips below $70 per barrel for the first time since May 9.

May 25, 2018 3:16 PM

IDBI Bank posted its Q4 net loss at Rs 5,663 crore vs loss of Rs 3,200 crore (YoY).

The IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter, hurt by higher provisions for bad loans.

That compared with a loss of 32 billion rupees a year earlier, the state-run lender said in a statement on Friday.

Gross bad loans as a percentage of total loans stood at 27.95 percent at end-March, compared with 24.72 percent in the previous quarter and 21.25 percent a year ago.

(From Reuters)

May 25, 2018 3:02 PM

Cadila Health reports a net profit of Rs 590.8 crore.##Cadila Health reports a net profit of Rs 590.8 crore.

Cadila Health reported its Q4 net profit at Rs 590.8 crore, higher than the CNBC-Tv18 poll estimate of Rs 530.3 crore. The company's consolidated revenue stands at Rs 3,250.2 crore and the EBITDA at Rs 870.4 crore. The stock is currently gaining more than 10% in trade, after posting robust Q4 results.

May 25, 2018 2:59 PM

BEML reports its Q4 earnings. Check out the numbers.

May 25, 2018 2:45 PM

Rupee extends gain, recovers 54 paise; at 67.78 against the US dollar.

May 25, 2018 2:40 PM

Oil prices ease; BRENT slips to $78 per barrel, NYMEX slightly above $70 per barrel.

May 25, 2018 2:32 PM

Rupee recovers 43 paise from its day's low, trades at 67.94 against the US dollar.

May 25, 2018 2:30 PM

Watch what IBBI chairman's view is on the recent IBC ordinance.

May 25, 2018 2:28 PM

MCX rallies in trade, rise by around 15% post the NSE-MCX merger buzz.

May 25, 2018 2:21 PM

Ashwani Gujral recommends: Buy NIIT Technologies, Reliance Industries and Tata Elxsi.

May 25, 2018 2:19 PM

The market is trading at its day's high, Nifty reclaims 10,600.

May 25, 2018 2:15 PM

Falling investment, weak household spending drag on UK economy in first quarter.##Falling investment, weak household spending drag on UK economy in first quarter.

Falling business investment and the weakest household spending growth in more than three years marked a bad start to 2018 for Britain's economy, as official data on Friday confirmed it barely grew.

Despite the Bank of England's doubts, Britain's Office for National Statistics (ONS) stuck to its view that bad weather alone could not explain why the economy grew just 0.1 percent between January and March, as expected in a Reuters poll of economists.

Instead, the ONS said it saw a longer-term pattern of slowing growth.

Business investment dropped 0.2 percent quarter-on-quarter in the first three months of the year, its worst performance since mid-2015, the Office for National Statistics (ONS) said.

Net trade failed to contribute to growth and household spending edged up only 0.2 percent on the quarter, the weakest increase since the fourth quarter of 2014.

(From Reuters)

May 25, 2018 2:11 PM

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