Sensex heatmap at close: Airtel jumps 4%, HDFC 2%, Sun Pharma, Yes Bank down##Sensex heatmap at close: Airtel jumps 4%, HDFC 2%, Sun Pharma, Yes Bank down

Dec 26, 2018 3:45 PM

Closing Bell: Sensex, Nifty end with gains after volatile day of trade##Closing Bell: Sensex, Nifty end with gains after volatile day of trade

The Sensex and Nifty ended with gains of more than half a percent after opening in the red and trading lower for the large part of the day. The Sensex gained nearly 180 points, or 0.51 percent, to settle at 35,650, while the Nifty was up by 66 points, or 0.62 percent, to 10,730. The MidCap index ended in the red although the index recovered around 350 points from the day's lows, while Bank Nifty surged over a percent. IT heavyweight stocks TCS and Infosys dragged indexes, while HDFC twins and Reliance Industries supported.

Dec 26, 2018 3:44 PM

Sensex, Nifty maintain gains ahead of close, Airtel jumps 4.5%##Sensex, Nifty maintain gains ahead of close, Airtel jumps 4.5%

The Sensex traded nearly 155 points higher, or 0.44 percent up, to 35,635 at 3.15 pm, while the Nifty traded up by nearly 57 points, or 0.53 percent, to 10,720. Midcaps continued to underperform with the Nifty MidCap down by 0.10 percent. Top index gainers include ZEEL, Bharti Airtel, Adani Ports, Bajaj Finserv, UltraTech Cement, HDFC Bank, HDFC, L&T, rising by up to 4.53 percent. Top index losers were Sun Pharma, TCS, Yes Bank, Tata Motors, Cipla and NTPC, falling by up to 2.7 percent.

Dec 26, 2018 3:17 PM

3M India hits nearly 2-month low amid surge in volumes##3M India hits nearly 2-month low amid surge in volumes

Shares of 3M India fell nearly 9% today, extending losses for the fourth consecutive session, to hit a nearly two-month low of Rs 19,644 amid surge in volumes. So far today, 16,930 shares of the company have changed hands on the NSE, much lower than its six-month average of 2,355 shares. At 2.50 pm, shares of the company were 4.3% lower at Rs 20,609.95. In the past four sessions, the stock has lost nearly 10%.

Dec 26, 2018 3:07 PM

Nifty reclaims 10,700, Sensex up 650 points from lows##Nifty reclaims 10,700, Sensex up 650 points from lows

Dec 26, 2018 2:54 PM

Sun Pharma set for worst monthly fall in 18 months##Sun Pharma set for worst monthly fall in 18 months

Having fallen 15.7% so far this month, shares of Sun Pharmaceutical Industries are set for their worst monthly loss since May 2017. The stock took a beating after a note reportedly by Macquarie and a complaint by a whistleblower to the Securities and Exchange Board of India highlighted severe corporate governance lapses at the company. Despite the management's efforts to assuage investors, the shares took a beating as analysts believe these concerns will offset any potential benefits from launch of specialty generics earlier this year in the US, said analysts. At 2.44 am, shares of Sun Pharmaceutical were down 2% at Rs 415.75. (Cogencis)

Dec 26, 2018 2:53 PM

Nifty Pharma worst performer among sectoral indices December##Nifty Pharma worst performer among sectoral indices December

The Nifty Pharma index is set to extend its monthly loss and was the worst performer among sectoral indices on NSE in December so far as regulatory concerns continue to weigh on sentiment. The index, which represents 10 major drug companies on the NSE, lost nearly 7% in December so far. Shares of Sun Pharmaceutical Industries, Dr Reddy's Laboratories, Lupin, Cipla, Aurobindo Pharma and Cadila Healthcare fell 3.8-15.2% during the month.

Dec 26, 2018 2:21 PM

Shanthi Gears trades 0.5% lower, Sensex, Nifty recover sharply##Shanthi Gears trades 0.5% lower, Sensex, Nifty recover sharply

Shares of Shanthi Gears ltd trade lower by almost half a percent at Rs 132.80, after opening at Rs 133.45. The company's board approved a special interim dividend of Rs 5 per share and buyback up to Rs 70 crore at Rs 140 per share. Meanwhile, benchmark indices recovered sharply after trading largely lower through the day. The Sensex surged nearly 58 points, or 0.16 percent, to trade at 35,528 at 1.55 pm, while the Nifty was just below 10,700, trading at 10,693, up by 30 points, or 0.28 percent. Midcaps continue to underperform with the Nifty MidCap down by 0.08 percent.

Dec 26, 2018 1:57 PM

Ujjivan Financial gains 4% from lows##Ujjivan Financial gains 4% from lows

Dec 26, 2018 1:32 PM

Rajiv Bajaj says company aiming to enter electric vehicle space by 2020##Rajiv Bajaj says company aiming to enter electric vehicle space by 2020

Bajaj Auto is looking to foray into electric vehicle space by 2020 with two and three wheeler products, said Rajiv Bajaj, managing director of the company, adding that "electric scooters or motorcycles would be an attractive space to be in".

Bajaj said that the company is aiming at 20-25 percent market share going forward. “We have moved from 15-20 percent and would like to move from 20-25 percent over the next 12 months,” he said.

Read full report here

Dec 26, 2018 1:01 PM

Nifty 50 on pace to record lowest yearly return ever##Nifty 50 on pace to record lowest yearly return ever

The benchmark Nifty 50 index is on the verge of registering its lowest return ever for a calendar year in 2018 as concerns over liquidity, consumption growth and politics weighed. The index has so far returned 0.6 percent in 2018 as it gave up its near 11 percent gains between January-August over the course of the past four months due to a liquidity crisis in the non-banking financial services space, following default on payments by Infrastructure Leasing & Financial Services. Moreover, lower-than-expected earnings growth in the first two quarters of the ongoing financial year have also seen investors pare back their estimate for earnings growth of Nifty 50 companies. In addition to this, the uncertainty around global trade, the UK's impending exit from the European Union and global growth have also kept optimism in check. (Cogencis)

Dec 26, 2018 12:56 PM

National Fertilizers shares rally 3 percent after company signs loan agreement with SBI##National Fertilizers shares rally 3 percent after company signs loan agreement with SBI

National Fertilizers shares rallied 3 percent intraday after the company signed loan agreement with country's largest lender State Bank of India. On December 24, the fertiliser maker has signed rupee loan agreement with SBI for an amount of Rs 1,044 crore. Hence, NFL has achieved financial closure for its energy reduction schemes at Panipat, Nangal and Bathinda projects and other capex at various units with total project cost of Rs 1,160 crore.

Dec 26, 2018 12:51 PM

Vadilal Industries tanks 14% on audit panel-board conflict##Vadilal Industries tanks 14% on audit panel-board conflict

Shares of Vadilal Industries fell over 14% to hit their one-month low of Rs 455.55 as the audit committee of the company and its board were unable to reconcile on "certain matters" following a limited review of July-September earnings, the company said. Earlier, the board members had approved the financial results for the quarter ended September 30, but the company said "the earnings were yet to subjected to limited review by the Statutory Auditors". Unable to find a common ground, the board did not discuss the limited review report of Jul-Sep financial results at its meeting on December 24, the company said. The stock has fallen for four straight sessions, sinking 20% during the period. On the NSE, 183,064 shares of the company changed hands, significantly higher than their six-month average daily volumes. (Cogencis)

Dec 26, 2018 11:58 AM

Autoline Industries shares spike on Pune land sale to reduce debt##Autoline Industries shares spike on Pune land sale to reduce debt

Autoline Industries shares rallied 8.8 percent intraday after the company decided to sell land & building in Chakan unit in Pune to reduce debt burden.

"To achieve the operational efficiency, cost reduction and reduce the debt, the company has taken one more major step by way of consolidating one of its manufacturing facility situated at Mhalunge, Pune to its Chakan units situated at Pune," the auto ancillary company said in its filing.

Dec 26, 2018 11:37 AM

Maruti Suzuki falls over 1% after it recalls 5,900 vehicles##Maruti Suzuki falls over 1% after it recalls 5,900 vehicles

Shares of Maruti Suzuki dropped over 1 percent intraday on December 26 after the company said it is recalling 5,900 Super Carry vehicles over a possible defect in the fuel filter. The stock dropped as much as 1.4 percent, quoting at Rs 7,406. The company said it is recalling 5,900 vehicles of its mini truck model Super Carry, manufactured between April 26 2018 and August 1 2018.

"Starting December 26, 2018 owners of the suspected vehicles will be contacted by Maruti Suzuki dealers for inspection and replacement of the faulty part free of cost," the company said in a statement.

Shares of Maruti Suzuki traded at Rs 7,462.45, down by 0.89 percent on the NSE at 11.08 am. The Nifty traded below 10,600.

Dec 26, 2018 11:08 AM

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