DLF, Godrej Properties dragged Nifty Realty index down##DLF, Godrej Properties dragged Nifty Realty index down

Apr 8, 2019 3:38 PM

Sectoral Trends: All except Nifty IT index ended the day in red##Sectoral Trends: All except Nifty IT index ended the day in red

Apr 8, 2019 3:37 PM

Top Nifty gainers and losers: IT stocks gain, while Indiabulls Housing Finance slips 4.7%##Top Nifty gainers and losers: IT stocks gain, while Indiabulls Housing Finance slips 4.7%

Apr 8, 2019 3:35 PM

Closing Bell: Nifty, Sensex ends lower dragged by banking, realty indices##Closing Bell: Nifty, Sensex ends lower dragged by banking, realty indices

The Sensex and Nifty ended lower on Monday with Nifty barely holding 11,600 levels dragged by losses in banking, realty, metal and energy sectors. The S&P BSE Sensex ended the day at 38,700, down 161 points, while the broader NSE Nifty50 was settled at 11,604, slipping 61 points. Broader markets were in-line with frontline indices with Nifty Midcap and Nifty Smallcap indices faling 0.7 and 0.5 percent, respectively. Tech Mahindra, Infosys, TCS, M&M and PowerGrid were top gainers on Nifty, while Indiabulls Housing Finnace, IOC, Bajaj Finance, Vedanta, Yes Bank, and Tata Motors fell the most. All sectoral indices, except Nifty IT were trading in red. Nifty Realty fell the most followed by banking and financial services FMCG indices.

Apr 8, 2019 3:34 PM

Why UltraTech Cement remains top cement stock for brokerages##Why UltraTech Cement remains top cement stock for brokerages

UltraTech Cement remains the top-most player in the cement industry as a majority of the brokerages viewed the company as an attractive bet along with CLSA and Angel Broking, who continue to remain ‘bullish’ on this cement stock.

As on April 8, the stock is trading 0.92 percent lower to Rs 4,151.85 per share on the NSE. In the last one month, the stock has gained about 7 percent. CLSA has upgraded the stock to ‘buy’ from ‘outperform’. It has raised its price target by 12 percent to Rs 5,025 from Rs 4,500 a share implying 20 percent upside from the current levels. READ MORE

Apr 8, 2019 3:27 PM

Tata Motors shares rally 35% in last one month##Tata Motors shares rally 35% in last one month

Tata Motors has been one of the five Nifty top-gainers in the current market rally. Since February 11, the stock surged about 35 percent. The stock picked up the pace from February 11, and on April 2, it finally started trading above Rs 200 level for the first time after November 2018. Recently S&P Global Ratings downgraded the credit rating of Tata Motors and its wholly owned subsidiary Jaguar Land Rover citing weak profitability. Responding to the downgrade, Tata Motors released a press release saying that it expects improved financial results and significant positive cash flow in the fourth quarter of 2019. READ MORE

Apr 8, 2019 3:19 PM

Indiabulls Housing-Lakshmi Vilas Bank merger: What should investors do now?

Analysts believe that with the merger gives IBHL access to banking platform, to provides longevity to its lending business.Get latest Market online at cnbctv18.com

Apr 8, 2019 3:10 PM

It's beginning of a new era for NIIT Tech, says chairman Rajendra S Pawar##It's beginning of a new era for NIIT Tech, says chairman Rajendra S Pawar

Baring Private Equity Asia will not integrate or consolidate NIIT Technologies with any of their other investments for a defined period of at least two years, said Rajendra S Pawar, chairman of NIIT Technologies.

Baring PE has signed an agreement to buy approximately 30 percent shareholding in NIIT Technologies from NIIT Ltd and other promoter entities at a price of Rs 1,394 per share for an aggregate consideration of Rs 2,627 crore. CNBC-TV18 first reported about the deal on February 21.

Baring PE will also make an open offer to the public shareholders of NIIT Technologies to purchase up to 26 percent additional shareholding for Rs 4,890 crores. Baring PE believes the leadership team led by Sudhir Singh is excellent, Pawar said. READ MORE

Apr 8, 2019 2:57 PM

Indiabulls' dream bank deal could face a few hurdles

It is not just whether an NBFC with exposure to the "risky" realty sector is fit and proper, but also how the deal is being structured and conflicts of interest.Get latest Finance online at cnbctv18.com

Apr 8, 2019 2:44 PM

Experts say worst over for infra sector, credit availability likely to rise##Experts say worst over for infra sector, credit availability likely to rise

In CNBC-TV18’s new series -- Election and Market -- we are focusing on the road sector, its performance over the last five years and the big issues for the next government. Rohan Suryavanshi, head-strategy and planning, Dilip Buildcon; Praveen Sood, former group CFO, HCC and Jayesh Desai, infrastructure sector expert, discussed the performance, issues and the way forward for the road sector. The experts give a thumbs up for the road sector though they think there are some problems left on the table such as giving private equity investors the confidence to invest in new projects.

Watch here

Apr 8, 2019 2:27 PM

Currency alert: Rupee trading at day's low##Currency alert: Rupee trading at day's low

Apr 8, 2019 2:11 PM

HPCL, BPCL and Indian Oil Corp drop up to 3% as crude oil prices rise##HPCL, BPCL and Indian Oil Corp drop up to 3% as crude oil prices rise

Shares of oil marketing companies (OMCs) such as Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) dropped up to 3 percent on Monday as the crude oil prices rose to their highest level since November 2018, owing to OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, and strong US jobs data.

International benchmark Brent futures were at $70.65 per barrel at 10:11 am on Monday, up 31 cents, or 0.4 per cent from their last close. US West Texas Intermediate (WTI) crude were up 31 cents, or 0.5 per cent, at $63.39 per barrel, Reuters reported.

Apr 8, 2019 1:55 PM

These top stock picks from Angel Broking will give investors up to 62% return

Angel Broking's top stock picks giving an upside between 25-62 percent include Maruti Suzuki, M$M, Inox Wind, Parag Foods, JSPL and Ashok Leyland among others.Get latest Business online at cnbctv18.com

Apr 8, 2019 1:37 PM

IT sector likely to see double-digit profit growth in March quarter, says Motilal Oswal##IT sector likely to see double-digit profit growth in March quarter, says Motilal Oswal

The auto sector is likely to witness a 25 percent year-on-year (YoY) decline in earnings, while IT companies will record a 13 percent profit growth in the March quarter, said Gautam Duggad, head of research, at Motilal Oswal Institutional Equities.

“We are expecting more than 25 percent year-on-year (YoY) decline in earnings for our auto pack which will be the third consecutive quarter of more than 20 percent YoY decline in profits,” he said.

Over the last four-five quarters, IT sector has seen a very consistent double-digit profit growth, with the tier I companies outperforming in terms of profit growth in the last three-four quarters, noted Duggad, adding that this is likely to happen this quarter also. "Our own estimates are for 13 percent profit growth for IT in this quarter and reasonably strong topline growth as well which is typically a weak sort of a quarter seasonally.” READ MORE

Apr 8, 2019 1:20 PM

March Equity inflows (Including ELSS) comes at Rs 11,756 cr vs Rs 5,122 cr month-on-month##March Equity inflows (Including ELSS) comes at Rs 11,756 cr vs Rs 5,122 cr month-on-month

Apr 8, 2019 1:04 PM

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