Closing Bell: Sensex down 192 points, Nifty below 11,800 ahead of Trump-Xi meet; YES Bank down 3%##Closing Bell: Sensex down 192 points, Nifty below 11,800 ahead of Trump-Xi meet; YES Bank down 3%

- Indian benchmark erased morning gains to end lower on Friday, as investors turned cautious ahead of Trump-Xi meet over the weekend. Private banks and metal stocks led the losses in the domestic indices.

- The Sensex ended 192 points lower at 39,395, while the broader Nifty50 index lost 53 points to end at 11,789. Meanwhile, in broader markets, the Nifty Midcap fell 0.4 percent, while the Nifty Smallcap index was declined 0.2 percent.

- GAIL, Bajaj Finserv, Axis Bank, Bajaj Finance, and Adani Ports were among the top gainers on Nifty50 index, whereas, YES Bank, Indiabulls Housing, Bharti Infratel, Coal India and Tata Motors led losses.

- Sectoral indices ended mixed for the day. The Metal index lost the most, down 1.1 percent followed by the Nifty Private Bank (down 0.7 percent), the Nifty Bank (down 0.5 percent) and the Nifty Auto (down 0.5 percent). Meanwhile, the Nifty PSU Bank index rose 0.7 percent, whereas, the Nifty Realty gained around 0.5 percent.

Jun 28, 2019 3:38 PM

Slowdown concerns, US-China trade war - why gold will continue to glitter

Gold prices witnessed a lot of ups and downs in May. It started by hitting a low of $1,267 (spot) but after the Fed policy statement, gold rose to its highest level in six years.

Jun 28, 2019 3:27 PM

Nifty Metal index slumps over 10% in one year as high iron ore prices weigh##Nifty Metal index slumps over 10% in one year as high iron ore prices weigh

The Nifty Metal index fell 1.34 percent in the afternoon session on Friday, dragged lower by stocks like Jindal Steel, MOIL, Coal India and Vedanta. Steel companies are under pressure after China crude steel output hit a record high in May. The steel mills profit margins are down more than 50 percent due to a jump in iron ore prices following the US-China trade tensions. READ MORE

Jun 28, 2019 3:16 PM

From Rs 10 to Rs 81,000: This stock gave over 8,00,000% return in 25 years

In the last 10 years, the stock has surged around 1,580 percent, from trading around Rs 3,300 in 2009 to Rs 56,600 currentlyGet latest Market online at cnbctv18.com

Jun 28, 2019 3:03 PM

Banks looking to initiate resolution plan for DHFL##Banks looking to initiate resolution plan for DHFL

Dewan Housing Finance Corp Ltd, which has been struggling to finance debt, may get into more trouble as banks are looking to initiate a resolution plan for DHFL under the Reserve Bank of India's June 7 circular on non-performing assets, sources told CNBC-TV18.

Jun 28, 2019 2:47 PM

Sadbhav Infra stock reels after CARE Ratings downgrade, management hopeful of finding resolution##Sadbhav Infra stock reels after CARE Ratings downgrade, management hopeful of finding resolution

The latest corporate to get entangled in a series of downgrades by rating agencies is Sadbhav Infrastructure Project Ltd. CARE Ratings on Thursday downgraded the long-term bank facilities worth Rs 942 crore of Rohtak-Hissar Tollway Private Ltd (RHTPL) to CARE D from CARE BB+. RHTPL is a special purpose vehicle (SPV) incorporated and owned by Sadbhav Infrastructure, the holding company of build–operate–transfer (BOT) projects of Sadbhav Engineering. CARE revised the rating factoring in overdue for debt servicing due to poor liquidity and debt coverage indicators. READ MORE

Jun 28, 2019 2:32 PM

June Auto Sales Preview: No recovery in demand, retail sales remain weak##June Auto Sales Preview: No recovery in demand, retail sales remain weak

Jun 28, 2019 2:16 PM

Gold prices rise ahead of Trump-Jinping meet##Gold prices rise ahead of Trump-Jinping meet

Gold prices jumped on Friday, heading for their best month in three-years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long trade dispute.

Jun 28, 2019 2:01 PM

SBI reveals names of 10 big ''wilful defaulters''##SBI reveals names of 10 big ''wilful defaulters''

State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as "wilful defaulters". The firms include players from pharmaceuticals, gems and jewellery, power, infrastructure, and other sectors, according to public notices issued by the Stressed Assets Management Branch 1 (SAM-1), Cuffe Parade. Mostly based in Mumbai, the defaulters have been served repeated reminders to clear their outstanding that are pegged at nearly Rs 1,500 crore.

Jun 28, 2019 1:45 PM

NPAs likely to fall to 9% by March 2020: RBI in financial stability report

The share of the state-run banks in the overall NPAs was at an elevated 12.6 percent, but is likely to come down to 12 percent by March 2020, the central bank said.

Jun 28, 2019 1:28 PM

Reliance Capital slips 4% on reports of deferring Q4 earnings##Reliance Capital slips 4% on reports of deferring Q4 earnings

Shares of Reliance Capital fell more than 4 percent intraday on June 28 on the back of reports that the company will likely defer Q4 earnings. The company likely to defer Q4 earnings announcement, sources told CNBC-TV18.The company was scheduled to announce Q4 earnings on June 28.

Jun 28, 2019 1:12 PM

Eros Media shares hit lower circuit for 14th straight day##Eros Media shares hit lower circuit for 14th straight day

Shares of Eros International Media hit the lower circuit for the 14th consecutive trading session on Friday following ratings downgrade. The stock declined after CARE Ratings revised the company’s rating to ‘D’ from ‘BBB-’, on June 5. In a note issued on June 6, Eros International Media said the rating was downgraded on account of a delay in servicing of bank loans for April and May, which will be cleared within seven working days. READ MORE

Jun 28, 2019 12:56 PM

Sebi's new norms to discourage promoters from borrowing from MFs, says Kotak Mahindra AMC

Markets regulator Sebi's new norms are likely to discourage promoters from raising funds from mutual fund house, therefore forcing them to rely on non-MF entities like NBFCs and others, said Lakshmi Iyer, CIO-Debt and head-Product, Kotak Mahindra AMC.

Jun 28, 2019 12:39 PM

Lupin rises 3% on USFDA nod for Mirabegron tablets##Lupin rises 3% on USFDA nod for Mirabegron tablets

Share price of Lupin rose more than 3 percent in the early trade on June 28 after company received tentative approval for its Mirabegron Extended Release (ER) Tablets. The company has received tentative approval for its Mirabegron Extended Release (ER) Tablets, 25 mg and 50 mg, from the United States Food and Drug Administration (FDA), to market a generic version of Myrbetriq Extended Release Tablets, 25 mg and 50 mg, of Astellas Pharma Global Development Inc, company said in press release.

Jun 28, 2019 12:20 PM

Finance ministry invites bids from advisors to launch financial sector ETF##Finance ministry invites bids from advisors to launch financial sector ETF

The government is planning to launch an exchange-traded fund (ETF) consisting of stocks of PSU banks, insurers, and financial institutions this fiscal and has invited bids from advisors to explore its feasibility. After the resounding success of CPSE ETF and Bharat-22 ETF, the government is looking at diversifying the ETF basket by including stocks of public sector banks (PSBs), public sector insurance companies (PSCIs) and public sector financial institutions (PSFIs). READ MORE

Jun 28, 2019 12:06 PM

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