ICICI Bank, Axis Bank among top Sensex gainers, Reliance falls over 7%##ICICI Bank, Axis Bank among top Sensex gainers, Reliance falls over 7%

Oct 4, 2018 3:50 PM

Closing Bell: Market ends at 4-month low, Sensex nosedives 800 points##Closing Bell: Market ends at 4-month low, Sensex nosedives 800 points

The BSE Sensex nosedived more than 800 points, or 2.24 percent, to end at 35,169. The NSE Nifty50 ended at 10,599, sharply down by 259 points, or 2.39 percent. Indexes ended at four month low after massive selling across sectors. The Nifty closed below 10,600 for the first time since June 6, 2018. Oil marketing companies tanked after Finance Minister Arun Jaitley announced they will share excise cut burden. All major sectoral indices ended in the red.

Oct 4, 2018 3:49 PM

Highlights of Finance Minister Arun Jaitley's press conference##Highlights of Finance Minister Arun Jaitley's press conference

- Brent Oil since yesterday has crossed $86/bbl, highest in last 4 years.

- Interest rates in the US have risen to 3.2 percent, which is also the highest ever.

- Both these situations have led to significant impact across global markets.

- Saw significant impact on the market due to uncertainty surrounding IL&FS.

- Determined to ensure IL&FS situation should be contained.

- Modi government cuts excise duty on petrol and diesel by Rs 1.50.

- Oil marketing companies to absorb excise duty cut by Rs 1.

- The total benefit to customers on petrol and diesel prices will come to be at Rs 2.50 per litre.

Oct 4, 2018 3:14 PM

Market update: Sensex, Nifty cut losses, ICICI Bank, UltraTech Cement gain##Market update: Sensex, Nifty cut losses, ICICI Bank, UltraTech Cement gain

The BSE Sensex traded at 35,304.71, lower by 671 points, or 1.86 percent, while the NSE Nifty50 declined to 10,650.50, down by 207.75 points, or 1.91 percent at 2.55 pm. ICICI Bank, UltraTech Cement, Bharti Infratel, Axis Bank and L&T were top gainers, rising by up to 3.44 percent, while Reliance Industries, Eicher Motors, Hero MotoCorp, TCS and Dr Reddy's were among top losers, falling by up to 6.35 percent.

Oct 4, 2018 2:58 PM

ICICI Bank shares jump as Chanda Kochhar quits, Sandeep Bakhshi new MD, CEO##ICICI Bank shares jump as Chanda Kochhar quits, Sandeep Bakhshi new MD, CEO

ICICI Bank shares traded at Rs 300.05, lower by 1.2 percent, recovering from the day's low of Rs 294.80. The ICICI Bank's board on Thursday accepted Chanda Kochhar's request to seek early retirement. The board has appointed Sandeep Bakhshi as the bank's MD and CEO for 5 years with effect from October 3. Meanwhile, there has been no respite from selling in the market. The Sensex traded at 35,138.33, diving 837.30 points, or 2.33 percent, while the Nifty was trading at 10,599, sharply lower by 259.25 points, or 2.39 percent.

"The Board of Directors of ICICI Bank Limited, accepted the request of Ms Chanda Kochhar to seek early retirement from the Bank at the earliest. The Board accepted this request with immediate effect. The enquiry instituted by the Board will remain unaffected by this and certain benefits will be subject to the outcome of the enquiry. Ms Kochhar will also relinquish office from the Board of Directors of the Bank's subsidiaries. The Board decided to appoint Mr. Sandeep Bakhshi as Managing Director & Chief

Executive Officer. His appointment will be for a period of five years until October 3, 2023, subject to regulatory and other approvals. The other terms and conditions of his appointment, such as remuneration, would remain unchanged. Separately, due to health reasons Mr MD Mallya, Independent Director, resigned from the Board and the same was accepted," the ICICI Bank said in an exchange filing.

Oct 4, 2018 1:57 PM

Nifty Auto sinks 2.63 percent amid massive sell-off in equity market##Nifty Auto sinks 2.63 percent amid massive sell-off in equity market

The Nifty Auto index plunged 2.63 percent on Thursday amid wider sustained selling across sectors in the market. All 16 shares on the sectoral index traded in the red between 8.11 percent and 0.21 percent. Not just that, as many as 6 stocks hit 52-week low in trade on Thursday, led by some heavyweight stocks such as Eicher Motors, Hero MotoCorp, TVS Motors, MRF and Maruti Suzuki.

Oct 4, 2018 1:51 PM

Massive sell-off continues in market, here are the top losers##Massive sell-off continues in market, here are the top losers

Oct 4, 2018 1:43 PM

Eicher Motors continues downtrend, falls 11%, Sensex, Nifty lower by 2%##Eicher Motors continues downtrend, falls 11%, Sensex, Nifty lower by 2%

Eicher Motors shares hit its 52-week low of Rs 20,001.15 in trade today. The stock has been losing for the last two days and has fallen nearly 15 percent in the period. Shares of Eicher Motors traded at Rs 21,210.05, still down by 8.72 percent, losing Rs 2,025.70 in value, at 1.30 pm on the NSE. The frontline NSE index traded at 10,618, lower by 240 points, or 2.21 percent, while the Sensex dived 766 points, or 2.13 percent, to trade at 35,210.

Oct 4, 2018 1:34 PM

Nifty Bank down 1.5%, IndusInd, Kotakm HDFC, SBI top drag##Nifty Bank down 1.5%, IndusInd, Kotak, HDFC, SBI top drag

Oct 4, 2018 1:13 PM

ITC down 3%, hits 1-month low, benchmark indexes down 2%##ITC down 3%, hits 1-month low, benchmark indexes down 2%

Shares of ITC extended losses for the third consecutive session, falling nearly 3 percent to hit a one-month low of Rs 287.30. Shares traded at Rs 290.90, down by 1.5 percent at 1.02 pm on the NSE. Meanwhile, domestic indices continue to trade weak weighed down by macro economic and global concerns. The Sensex traded at 35,234, tumbling 742 points, or 2.06 percent, while the Nifty was lower by 226 points, or 2.08 percent, to trade at 10,632.

Oct 4, 2018 1:06 PM

TCS plunges over 4%, Sensex, Nifty continue to trade lower##TCS plunges over 4%, Sensex, Nifty continue to trade lower

Shares of Tata Consultancy Services fell 4.5 percent as investors continued to book profit in the stock that has gained 54 percent so far in 2018. Shares of the company were down 4.5 percent at Rs 2,065 at 12.25 pm on the NSE. The stock underperformed the sector by 1.36 percent and has been losing for the last two days, falling 8.46 percent in the period. Meanwhile, no respite from sharp selling in the market with the Nifty trading lower by 234 points, or 2.15 percent, to trade at 10,625. The Sensex traded at 35,266, lower by 710 points, or 1.97 percent.

Oct 4, 2018 12:28 PM

Sensex, Nifty tumble over macro, global concerns##Sensex, Nifty tumble over macro, global concerns

Oct 4, 2018 12:11 PM

Market update: Sensex, Nifty fall more than 2%, Sensex shed more than 750 points##Market update: Sensex, Nifty fall more than 2%, Sensex shed more than 750 points

The Sensex tanked 778 points, or 2.16 percent, to trade at 35,198. The 50-share broader NSE Nifty50 also declined by 2.24 percent, or 243 points, to trade at 10,615. After opening at the day's high of 35,820, the Sensex hit the day's low at 35,163. The Nifty too has seen a low of 10,605, after opening at 10,755. Broader markets fell in tandem with frontline indices with losses over 2.3 percent, while all sectoral indices on the NSE trade in the red with Auto, FMCG, IT, Pharma and Realty posting losses of more than 2 percent. Shares of Bharti Infratel, Yes Bank, L&T, Axis Bank, HPCL were among few stocks that traded in the green on indexes, while Eicher Motors, Reliance Industries, Hero MotoCorp, Bajaj Finance, TCS, Adani Ports were among top losers, falling by up to 6.72 percent.

Oct 4, 2018 12:05 PM

Hathway Cable shares up 6.3%, Sensex, Nifty extend losses##Hathway Cable shares up 6.3%, Sensex, Nifty extend losses

Shares of broadband services provider Hathway Cable and Datacom Ltd climbed as much as 6.3 percent to Rs 29.50, their highest since June 22. More than 1.5 million shares change hands vs their 30-day moving average of 2.3 million shares. The stock had fallen nearly 31 percent this year up to last close. Shares traded at Rs 28.35, higher by 2.72 percent at 11.05 am. Meanwhile, the BSE Sensex extended losses, plunging more than 627 points, or 1.74 percent, to trade at 35,348.54 at 11.05 am. The NSE Nifty50 too weakened further, trading at 10,680.05, tumbling by 178.20 points, or 1.64 percent.

Oct 4, 2018 11:07 AM

Jindal Steel up as July-September domestic sales rise 53% YoY##Jindal Steel up as July-September domestic sales rise 53% YoY

Shares of Jindal Steel & Power snapped their four-day losing streak and rose nearly 3 percent to Rs 192.35 after the company reported a 53 percent on-year jump in its domestic sales to 1.27 million tonne in July-September. The company's crude steel production was up 46 percent on year at 1.3 million tonne for the period. (Cogencis)

Oct 4, 2018 10:28 AM

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