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Jun 13, 2018 3:42 PM

Market closes in the green, Nifty holds 10,850.

The market closes in the green, but off highs, with the BSE Sensex closes at 35,737 points and the NSE Nifty closing at 10,856 points. TCS, SBI and pharma stocks were the top gainers while major telcos - Bharti Airtel, Idea Cellular, Tata Steel, Adani Ports and Zee Entertainment were the top index losers. TCS gained after the company agreed to consider the share buyback proposal. The amount for the share buyback, according to reports, was pegged at Rs 10,000 crore.

Jun 13, 2018 3:34 PM

Just in: The government is open to the idea of listing Air India shares, sources said.

Jun 13, 2018 3:21 PM

The market is trading off highs towards the close, the Nifty trades at 10,856 points.

Jun 13, 2018 3:18 PM

WATCH| Massive fire at Beaumonde Towers at Worli.

Jun 13, 2018 3:05 PM

Sun Pharma gains nearly 2% after receiving the EIR from US FDA for its Halol facility.

Jun 13, 2018 2:58 PM

Sandeep Wagle recommends: Hold ICICI Bank for a longer term.

Jun 13, 2018 2:50 PM

Market trades in the green, TCS gains.

The market continues to trade in the green but is now off highs with the BSE Sensex trading at 35,802 points and the NSE Nifty trading at 10,869 points. TCS and the pharma stocks continue to surge in trade while Vedanta, ONGC, Tata Steel and Idea Cellular slip.

Jun 13, 2018 2:40 PM

Maruti produced more than 1,80,000 vehicles in May, highest ever.

Jun 13, 2018 2:34 PM

Ashwani Gujral recommends: Buy Delta Corp, Ultratech Cement and Titan.

Jun 13, 2018 2:30 PM

TCS gains more than 2% after the firm agreed to consider the share buyback proposal.

Jun 13, 2018 2:23 PM

Global oil demand to grow steadily in 2019 but trade risks loom: IEA##Global oil demand to grow steadily in 2019 but trade risks loom: IEA

Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said on Wednesday.

The IEA said it expects global oil demand to grow by 1.4 million barrels per day next year, to top 100 million bpd by the second quarter of the year. The agency expects demand to grow at the same rate this year, unchanged from its last report in May.

"A solid economic background and an assumption of more stable prices are key factors. Risks include possibly higher prices and trade disruptions. Some governments are considering measures to ease price pressures on consumers," the Paris-based agency said in its monthly report.

"There is the possibility of a downward revision to our economic assumptions in the next few months. The world economy is feeling some pain from higher oil prices."

(From Reuters)

Jun 13, 2018 2:13 PM

The market remains upbeat, the Nifty is trading at 10,885 points.

Jun 13, 2018 2:09 PM

The rupee is trading at 67.69 against the US dollar.

Jun 13, 2018 1:55 PM

Global oil demand to grow steadily in 2019 but trade risks loom: IEA##Global oil demand to grow steadily in 2019 but trade risks loom: IEA

Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said on Wednesday.

The IEA said it expects global oil demand to grow by 1.4 million barrels per day next year, to top 100 million bpd by the second quarter of the year. The agency expects demand to grow at the same rate this year, unchanged from its last report in May.

"A solid economic background and an assumption of more stable prices are key factors. Risks include possibly higher prices and trade disruptions. Some governments are considering measures to ease price pressures on consumers," the Paris-based agency said in its monthly report.

"There is the possibility of a downward revision to our economic assumptions in the next few months. The world economy is feeling some pain from higher oil prices."

(From Reuters)

Jun 13, 2018 1:46 PM

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