Sensex heatmap at close: ONGC, HDFC top gainers, Yes Bank worse performer##Sensex heatmap at close: ONGC, HDFC top gainers, Yes Bank worse performer

Jul 2, 2019 3:48 PM

Closing Bell: Sensex ends 130 points up led by HDFC, Reliance Industries, Nifty settles above 11,900##Closing Bell: Sensex ends 130 points up led by HDFC, Reliance Industries, Nifty settles above 11,900

Indian equity indices reversed losses to end higher for the second straight day on Tuesday, with the Nifty ending above 11,900. The Sensex settled at 39,816.48, up by 130 points, or 0.33 percent at close, while the broader Nifty50 added 44.70 points, or 0.38 percent, to settle at 11,910.30. The Sensex recovered 317 points from the day's low, while Nifty surged 96 points from the lower level. The Nifty MidCap also ended higher by 0.37 percent. Among Nifty gainers, UPL, ONGC, Indiabulls Housing Finance, Indian Oil Corp and Eicher Motors surged by up to 3.75 percent. Yes Bank was the worst performer, falling by 8.29 percent. Tata Motors, Sun Pharma, Dr Reddy's Labs and Axis Bank fell by up to 2.68 percent.

Jul 2, 2019 3:43 PM

Indiabulls Housing surges 4% on hope of Budget stimulus##Indiabulls Housing surges 4% on hope of Budget stimulus

Indiabulls Housing Finance surged over 4 percent to hit Rs 648.50 on increased buying ahead of the Budget, as investors hope the government will introduce positive measures for the housing sector. Shares quoted at Rs 641.30, up by 3.11 percent on NSE.

Jul 2, 2019 3:26 PM

Simbhaoli Sugars tanks as Rs 11 billion assets attached##Simbhaoli Sugars tanks as Rs 11 billion assets attached

Shares of Simbhaoli Sugars tanked 17 percent on Tuesday after reports that the Enforcement Directorate had attached the company's assets worth Rs 11 billion in relation with a money-laundering probe. Shares trimmed losses, quoting Rs 7 apiece on NSE, but still down by 14.63 percent at 3.16 pm. Meanwhile, the Nifty50 was up 44 points, or 0.37 percent, to trade at 11,909.65.

Jul 2, 2019 3:16 PM

Cox & Kings hits lower circuit over default on Rs 50 crore commercial paper##Cox & Kings hits lower circuit over default on Rs 50 crore commercial paper

Shares of travel and tour company Cox & Kings were locked in a lower circuit at 5 percent on Tuesday for the third consecutive trading session after the company defaulted on another commercial paper worth Rs 50 crore, citing temporary mismatch in liquidity. In this month, the stock has already declined over 9 percent. This year, it fell 80 percent and in last one year, it has come down by over 83 percent. READ MORE

Jul 2, 2019 3:02 PM

Ramco Systems up 3% on order win from Erickson Inc##Ramco Systems up 3% on order win from Erickson Inc

Shares of Ramco Systems rose 3.4 percent on Tuesday after the company said it has received order from Erickson Inc for aviation solutions. The solutions use artificial intelligence and machine learning to enable critical aircraft turnarounds and aircraft-on-ground management. The platform will allow Erickson to manage its maintenance, supply-chain management, safety and flight operations.

Jul 2, 2019 2:42 PM

This stock has given over 80% returns since its listing a year ago

Fine Organic Industries, which was listed exactly one year ago, has given over 80 percent returns to the investors. Get latest Market online at cnbctv18.com

Jul 2, 2019 2:29 PM

HDFC Securities' Dipen Sheth is upbeat on these two auto stocks##HDFC Securities' Dipen Sheth is upbeat on these two auto stocks

Dipen Sheth, head of institutional research at HDFC Securities, spoke to CNBC-TV18 about the auto sector and shared growth outlook. Talking about the auto space, Sheth said, "Optimist believes it is a cyclical slowdown, while the pessimist would like to believe it is structural one but the jury is still out on that." "We would be confident buying Maruti with a long-term horizon, while the top pick in the space is Hero MotoCorp," said Sheth. READ MORE

Jul 2, 2019 2:16 PM

Here are 15 high-yielding dividend stocks to counter market volatility

To counter loss in investment given the recent heightened market volatility, analysts have suggested adding quality dividend yield stocks to portfolios.Get latest Market online at cnbctv18.com

Jul 2, 2019 1:59 PM

AB InBev seeks $9.8 billion for Asia unit in world's largest IPO this year##AB InBev seeks $9.8 billion for Asia unit in world's largest IPO this year

Brewing giant Anheuser-Busch InBev NV (AB InBev) is seeking to raise up to $9.8 billion from a Hong Kong listing of its Asia-Pacific business, marking what would be the world's largest initial public offering this year. Budweiser Brewing Company APAC, which includes a portfolio of more than 50 beer brands in the region, is selling 1.6 billion primary shares at between HK$40-$47 ($5.13-$6.02) apiece, according to termsheets seen by Reuters.

The deal will raise between $8.3 billion and $9.8 billion for heavily-indebted AB InBev before any over-allocation option is included, giving Budweiser Asia a market capitalization of up to $63.7 billion after the IPO. READ MORE

Jul 2, 2019 1:42 PM

Alembic Pharma shares surge 6% on USFDA approval for Febuxostat tablets##Alembic Pharma shares surge 6% on USFDA approval for Febuxostat tablets

Shares of Alembic Pharmaceuticals surged nearly 6 percent on Tuesday after the US health regulator approved Febuxostat tablets. The stock gained as much as 5.8 percent to Rs 533 per share on the BSE. "Company has received approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Febuxostat tablets, which are available in 40 mg and 80 mg strengths," the company said in its filing. READ MORE

Jul 2, 2019 1:25 PM

AM Naik is L&T's longest serving boss, but did you know he was once nearly rejected by the engineering company?

Naik has on several occasions summarised his stint with the company with the song, "Jeena yahan, marna yahan, iske siva jaana kahan' (You live here, you die here.

Jul 2, 2019 1:08 PM

Auto shares fall over disappointing June sales data##Auto shares fall over disappointing June sales data

Nifty Auto index traded nearly 1 percent lower on Tuesday after auto companies reported poor sales number for the month of June amid muted sentiment and lacklustre demand. It is the eighth consecutive month of disappointing auto sales data. The Nifty Auto index this year has already declined by over 13 percent and about 25 percent in last one year. The main reason behind the decline in auto demand can be attributed to the rise in cost due to newly-implemented safety norms, along with a liquidity crunch and a delay in the monsoon. READ MORE

Jul 2, 2019 12:52 PM

YES Bank stock under pressure, declines 6%##YES Bank stock under pressure, declines 6%

YES Bank stock is fell over 6 percent today on the back of reports that Radius developers has defaulted on scheduled interest payments on a Rs 1,200-crore loan to the lender. The report suggested the radius developers will be making payment of outstanding interest of Rs 30 crore by July 5. However, Radius Developer told CNBC-TV18 that they have already made the payment of Rs 30 crore over the weekend and there are no further interest payments that are pending to YES Bank in the near future.

Jul 2, 2019 12:36 PM

NCLAT questions lenders for ‘backdoor negotiations’ with Adani in Jaypee Infra case##NCLAT questions lenders for ‘backdoor negotiations’ with Adani in Jaypee Infra case

Jul 2, 2019 12:19 PM

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