Eicher Motors continues to see downtick, top loser on the Nifty today##Eicher Motors continues to see downtick, top loser on the Nifty today

Jan 3, 2019 3:46 PM

Closing Bell: Sensex, Nifty fall sharply, indexes dip over a percent##Closing Bell: Sensex, Nifty fall sharply, indexes dip over a percent

The Sensex plunged over 377 points, or 1.05 percent, 35,513 at close, while the Nifty fell below 10,700, slipping more than 120 points, or 1.11 percent, to 10,672. The Nifty MidCap index settled at 17,530, dipping 0.83 percent, outperforming its frontline peers. The Bank Nifty fell 0.79 percent with HDFC Bank being the top loser. All sectoral indices end in the red with Nifty Metal and Nifty Media falling the most. Eicher Motors continued its downtrend, being the top loser on the Nifty. Only 9 Nifty stocks ended in the green. Bank of Baroda shares gained on favourable swap ratio, while Dena Bank and Vijaya Bank slided.

Jan 3, 2019 3:45 PM

CNBCTV18 sources tell that government working on providing relief to farmers##CNBCTV18 sources tell that government working on providing relief to farmers

Jan 3, 2019 3:27 PM

ICICI Direct raises Bank of Baroda price target by 4%##ICICI Direct raises Bank of Baroda price target by 4%

ICICI Direct Research has increased the price target on the shares of Bank of Baroda by 4 percent to Rs 140 and maintained "buy" rating on the stock. On Wednesday, Bank of Baroda had announced swap ratio for the merger of Vijaya Bank and Dena Bank with itself. Shareholders of Dena Bank will get 110 shares of Bank of Baroda, while those of Vijaya Bank will get 402 shares Bank of Baroda, for 1,000 shares held. The brokerage expects return on assets of 0.5% and return on equity of 9.3% by 2019-20 (April-March). The swap ratios as announced will lead to 22% dilution as against 25% dilution estimated for the merged entity, the brokerage said. At 2.37 pm, shares of the company were 0.4 percent higher at Rs 119.90. (Cogencis)

Jan 3, 2019 2:44 PM

Eicher Motors continues downtrend on poor December sales##Eicher Motors continues downtrend on poor December sales

Eicher Motors shares traded at Rs 20,364.50, trading lower by 3.77 percent at 2.08 pm. The stock has declined by 13.37 percent in the last one month. The stock was the top drag on Nifty Auto, which slipped by over a percent with 13 stocks declining against 3 advancing. MRF, TVS Motors and Bajaj Auto traded positive. Meanwhile, the Nifty gave up 10,700 mark, trading nearly a percent lower, while the Sensex was lower by nearly 350 points, trading at 35,542 at 2.15 pm.

ALSO READ: This largecap auto stock has lost over Rs 2,800 per share in last 2 days

Jan 3, 2019 2:21 PM

Market slips to day's low again, Nifty now down around 1%##Market slips to day's low again, Nifty now down around 1%

Jan 3, 2019 1:58 PM

Market upate: Sensex down by over 300 points, Nifty gives up 10,700##Market upate: Sensex down by over 300 points, Nifty gives up 10,700

The Sensex traded 319 points lower, or 0.89 percent, at 35,572 at 1.55 pm. The Nifty gave up 10,700, trading lower by 106 points, or 0.99 percent, at 10,686. Broader markets outperformed with the Nifty MidCap down by 0.41 percent. Bank Nifty traded lower by 0.75 percent.

Jan 3, 2019 1:54 PM

Market upate: Sensex down by over 300 points, Nifty gives up 10,700##Market upate: Sensex down by over 300 points, Nifty gives up 10,700

The Sensex traded 319 points lower, or 0.89 percent, at 35,572 at 1.55 pm. The Nifty gave up 10,700, trading lower by 106 points, or 0.99 percent, at 10,686. Broader markets outperformed with the Nifty MidCap down by 0.41 percent. Bank Nifty traded lower by 0.75 percent.

Jan 3, 2019 1:54 PM

Kolte-Patil surges 6% on heavy volumes##Kolte-Patil surges 6% on heavy volumes

Shares of Kolte-Patil Developers gained 6 percent to hit their three-month high of Rs 273.70 backed by heavy volumes. So far today, over 393,409 shares of the company have changed hands on the NSE, much higher than the three-month daily average of 94,053 shares. Shares of the company traded 4.2 percent higher at Rs 268.50.

Jan 3, 2019 12:52 PM

Here's what banks have written to the RBI##Here's what banks have written to the RBI

Jan 3, 2019 12:33 PM

Tube Investments at a lifetime high backed by volumes##Tube Investments at a lifetime high backed by volumes

Shares of Tube Investments of India surged 11 percent to hit their lifetime high of Rs 391.95 backed by heavy trading volumes. So far today, over 865,000 shares of the company have changed hands on the National Stock Exchange, over ten times the daily average volume of 85,220 shares.

Jan 3, 2019 12:08 PM

M&M Financial Services plans to raise up to Rs 3,500 crore via NCDs##M&M Financial Services plans to raise up to Rs 3,500 crore via NCDs

Mahindra & Mahindra Financial Services plans to raise up to Rs 3,500 crore through public issue of non-convertible debentures (NCDs). The company plans to undertake a public issue of NCDs for an amount aggregating up to Rs 500 crore (base issue size), opening on January 04, 2019. The issue will close on January 25. It will have an option to retain oversubscription up to to Rs 3,000 crore aggregating up to Rs 3,500 crore (tranche I issue).

Jan 3, 2019 11:51 AM

Alembic Pharma gets USFDA approval##Alembic Pharma gets USFDA approval

The company has received USFDA (US Food & Drug Administration) approval Pramipexole Dihydrochloride extended-release tablets, 0.375 mg, 0.75 mg, 1.5 mg, 2.25 mg, 3 mg, 3.75 mg, and 4.5 mg.

Jan 3, 2019 11:30 AM

Vodafone Idea slips on weak subscriber data##Vodafone Idea slips on weak subscriber data

Vodafone Idea shares hit their lowest in three weeks, dropping as much as 5.2 percent, while shares in Bharti Airtel fell 1.5 percent. Shares in Mahanagar Telephone Nigam Ltd, which has a total of 3.5 million users, fell up to 6.7 percent. Vodafone Idea, the country's largest telecom operator by subscribers, lost 7.4 million users, while Bharti Airtel Ltd, the No. 2 telecom firm, lost 1.9 million subscribers during the month. Reliance Jio Infocomm Ltd added 10.5 million subscribers to its network, making it the third biggest in the country.

Jan 3, 2019 11:27 AM

NMDC falls 3% on report company cuts iron lump, fines prices##NMDC falls 3% on report company cuts iron lump, fines prices

Shares of NMDC fell 3 percent after a media report said the company has cut prices for iron lumps and fines for January. NMDC has reportedly slashed prices of iron lumps by Rs 350 per tonne and those of iron fines by Rs 300 per tonne. The company has cut prices for its products for at least the second month in a row, indicating softening global iron ore prices. At 10.20 am, shares of NMDC traded 2.3 percent lower at Rs 94.60.

Jan 3, 2019 10:47 AM

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