Sectoral Trend: All sectoral indices, except Nifty IT, ended the day in red##Sectoral Trend: All sectoral indices, except Nifty IT, ended the day in red

May 31, 2019 3:44 PM

Top Nifty gainers and losers for the day##Top Nifty gainers and losers for the day

May 31, 2019 3:40 PM

Closing Bell: Sensex ends 118 points lower, Nifty holds 11,900 ahead of Q4 GDP data; OMCs, IT stocks gain##Closing Bell: Sensex ends 118 points lower, Nifty holds 11,900 ahead of Q4 GDP data; OMCs, IT stocks gain

Benchmark indices ended lower on Friday amid volatile trading dragged mainly by banking, auto, and metal indices. The focus during the day shifted to the new cabinet formation with Nirmala Sitharaman becoming the new Finance Minister in the Modi government. Investors also remained cautious ahead of Q4 GDP data due later in the day today. The Sensex settled 118 points lower at 39,714, while the Nifty50 lost 23 points to end at 11,923. In broader markets, Nifty Midcap fell 0.2 percent while Nifty Smallcap tanked over 1.2 percent. Tech Mahindra, TCS, Asian Paints, IOC, and Britannia were among the major gainers on the Nifty50, whereas YES Bank, ITC, Grasim, Zee, and Vedanta led the losses. All sectoral indices, except Nifty IT, ended the day in red. Nifty PSU Banks lost the most, down 1.3 percent followed by Nifty Media (down 1 percent), Nifty Metal (down 0.8 percent), and Nifty Auto (down 0.7 percent). Meanwhile, Nifty IT rose 1 percent during the day.

May 31, 2019 3:36 PM

GDP data today: What to expect and what to watch out for

GDP growth is expected to slow down and the struggling economy has been cited as one of the principal challenges of the Narendra Modi government, which has been handed a second term of five years by voters.Get latest Business online at cnbctv18.com

May 31, 2019 3:28 PM

Domestic sugar consumption could rise 2-3% this season, says ICRA##Domestic sugar consumption could rise 2-3% this season, says ICRA

Domestic sugar consumption is likely to increase by 2-3 percent to around 25.8 million metric tonne (MT) this year and the production would be higher by at least 6.5-7.0 million MT, said rating agency ICRA. It added, “Sugar production in SY2019 is expected to be marginally higher at around 32.5-33.0 million MT when compared to 32.2 million MT in SY2018. Assuming that there was 3-3.5 million MT of exports during SY2019, the closing stocks still would continue to remain high at around 14–14.5 million MT.” READ MORE

May 31, 2019 3:16 PM

Here are the top 10 mutual fund schemes that gave highest return in 1 year, according to Crisil

Mutual funds provide economies of scale, high level of diversification, liquidity, and are managed by fund managers. However, the return on the scheme depends upon the market volatility.

May 31, 2019 3:03 PM

India likely to get average monsoon rains in 2019, says Meteorological Department##India likely to get average monsoon rains in 2019, says Meteorological Department

India is likely to see average monsoon rains this year, the state-run weather office said on Friday, which should support agricultural production and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation. Monsoon rainfall is expected to be 96 percent of the long-term average (LPA), the India Meteorological Department (IMD) said in a statement.

May 31, 2019 2:49 PM

First reaction from Power Minister: RK Singh speaks exclusively to CNBC-TV18##First reaction from Power Minister: RK Singh speaks exclusively to CNBC-TV18

May 31, 2019 2:34 PM

Market Expert Reaction on Appointment of FM##Market Expert Reaction on Appointment of FM

Ajay Bodke, CEO PMS at Prabhudas Lilladher said Nirmala Sitharaman is eminently qualified to steer India's economy which is facing multiple headwinds of slowing consumption impulses, moribund private capex cycle and anemic exports. Unprecedented squeeze in liquidity due to crisis in NBFC sector and consequent spike in risk aversion has severely impacted aggregate demand. Sectors such as real estate, automobiles, consumer goods etc need an immediate respite.

With limited fiscal maneuverability it remains to be seen how she can inject a strong dose of fiscal stimulus to revive animal spirits. She will need to focus on strong and sustainable resource generation by increasing tax to GDP ratio & push for aggressive divestment. She will need to strike a delicate balance between the re-distributive policies advocated by PM Modi towards the poor and yet ensure government's firm commitment to adhere to medium term fiscal consolidation.

May 31, 2019 2:16 PM

NBFCs: The rise and fall of value creation as the men are separated from the boys

Just a few quarters ago, NBFCs were on a listing spree by value unlocking due to listing of their subsidiaries. Since the market was in a kind mood, it gave double valuations to whosoever tried to list their subsidiaries.

May 31, 2019 2:01 PM

NCC tanks 15% after Andhra Pradesh govt issued order to cancel projects not started on ground before April 1##NCC tanks 15% after Andhra Pradesh govt issued order to cancel projects not started on ground before April 1

Shares of NCC tanked nearly 15 percent on reports that the new Andhra Pradesh government issued orders cancel all projects sanctioned but where work has not begun by April 1. The stock fell as much as 14.9 percent to Rs 99.45 per share on BSE. YS Jaganmohan Reddy-led government in Andhra Pradesh issued orders to stop engineering works and cancel works which had not yet started despite getting approval before April 1.

May 31, 2019 1:46 PM

Cabinet announced: Amit Shah gets home ministry, Sitharaman gets finance ministry

Get latest Politics online at cnbctv18.com

May 31, 2019 1:29 PM

Government may opt for BoB-like PSU bank merger instead of mega merger, says report##Government may opt for BoB-like PSU bank merger instead of mega merger, says report

The Narendra Modi-led government in its second term may propose a Bank of Baroda-like merger of other public sector banks instead of a mega merger, which has been mooted in recent discussions on consolidation, the Business Standard reported, citing people aware of the development.

The report further added that the deputy governor of Reserve Bank of India (RBI) MK Jain had an informal discussion about the PSB merger plan with financial services secretary Rajiv Kumar. The discussion was followed by another round of meetings between the officials and the RBI. READ MORE

May 31, 2019 1:14 PM

Second term of PM Narendra Modi begins, portfolios of union ministers announced##Second term of PM Narendra Modi begins, portfolios of union ministers announced

May 31, 2019 12:58 PM

Q4 FY19 GDP likely to be seen at 6.3%##Q4 FY19 GDP likely to be seen at 6.3%

Fourth-quarter gross domestic product (GDP) expected to come in softer at 6.3 percent. CNBC-TV18’s Latha Venkatesh explains what to expect. The expectation is 6.3 percent for GDP and 6.1 percent for gross value added (GVA). It could go well below 6 percent. It could get to 5.9 percent. Click here to watch video

May 31, 2019 12:46 PM

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