Sectoral Trend: Nifty Realty, Nifty Metal gain the most, Nifty Pharma slips##Sectoral Trend: Nifty Realty, Nifty Metal gain the most, Nifty Pharma slips

May 27, 2019 3:41 PM

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

May 27, 2019 3:38 PM

Closing Bell: Sensex ends 248 points higher, Nifty above 11,900; metal, bank stocks lead gains##Closing Bell: Sensex ends 248 points higher, Nifty above 11,900; metal, bank stocks lead gains

Indian shares ended higher on Monday, boosted by gains in metal and financial stocks, as markets continued to cheer over Prime Minister Narendra Modi’s return for a second term in office. The Sensex settled 248 points higher at 39,683, while the Nifty50 added 81 points to end at 11,925. Broader markets outperformed benchmark indices with Nifty Midcap and the Nifty Smallcap indices adding 1.6 percent each. Tata Steel, YES Bank, NTPC, L&T, and IOC were among the major gainers on the Nifty50, whereas ZEE, IndusInd Bank, Reliance Industries, Tech Mahindra, and Bharti Airtel led the losses. Sectoral indices were mixed during the day. The Nifty Realty index gained the most, up nearly 2.2 percent followed by the Nifty Metal (up 2.1 percent), the Nifty PSU Banks (up 2 percent) and the Nifty Bank (up 1.4 percent). Meanwhile, the Nifty Pharma and the Nifty Media indices declined 1 percent and 0.8 percent, respectively.

May 27, 2019 3:35 PM

Deutsche Bank expects RBI to cut interest rate twice by October

The strong mandate and the government's focus on fiscal consolidation may let the Reserve Bank of India (RBI) cut interest rates in June policy against the earlier expectation of a cut in the August policy, said Kaushik Das, chief economist, Deutsche Bank.

May 27, 2019 3:28 PM

Q4 Results: Colgate Palmlolive Q4 net profit at Rs 197.6 crore versus CNBC-TV18 poll of Rs 198 crore##Q4 Results: Colgate Palmlolive Q4 net profit at Rs 197.6 crore versus CNBC-TV18 poll of Rs 198 crore

May 27, 2019 3:19 PM

Investing in equity mutual funds? Here are six mistakes to be avoided at all costs

While increased retail participation augers well for the financial inclusion and overall growth of the economy, fresh investors are typically prone to certain myths and investment mistakes.

May 27, 2019 3:11 PM

Government to launch PSU Bank ETF: Key things to know##Government to launch PSU Bank ETF: Key things to know

The finance ministry on Sunday said it is considering to launch an exchange-traded fund (ETF) linked with PSU bank stocks, in a move to diversify and provide more options to ETF investors. The government is planning to diversify the ETF basket by including stocks of public sector banks and financial institutions. ETFs function like mutual funds that duplicate existing indices.

The government currently has two exchange-traded funds -- CPSE ETF and Bharat-22 ETF -- listed on domestic exchanges. The CPSE ETF holds the same basket of stocks and in the same proportion as the Nifty CPSE Index while the Bharat 22 ETF will invest in similar composition and weightages as in Bharat 22 Index. READ MORE

May 27, 2019 3:02 PM

BSE Midcap index outperforms Sensex; top stocks you should invest in

In the BSE Midcap index, IGL was the top performing stock, up over 7 percent, followed by Max Financial Services, Varroc, Adani Power, Crompton Greaves, and KIOCL, gaining in the range of 3.9-4.5 percent.Get latest Market online at cnbctv18.com

May 27, 2019 2:48 PM

Adani Ports Q4 earnings today: Profit expected to rise by 40%##Adani Ports Q4 earnings today: Profit expected to rise by 40%

Adani Ports will report fourth-quarter earnings on Monday. The revenue might look flat around Rs 3,100 crore level but last year there was a special economic zone (SEZ) income of around Rs 800 crore in the topline. The street expects margins to come in at around 63 percent as compared to 53 percent last year and the profit is expected to jump up by 40 percent. Apart from the SEZ income, the port operation revenue is also expected to increase by around 10-15 percent and that will be positive because the volume growth this quarter has been steady. Volume growth of 10-15 percent is expected.

May 27, 2019 2:32 PM

DLF cuts net debt by 38% in Q4 to Rs 4,483 crore##DLF cuts net debt by 38% in Q4 to Rs 4,483 crore

DLF reduced its net debt by 38 percent during the fourth quarter of last fiscal to Rs 4,483 crore with the help of funds raised from selling shares to institutional investors. According to an investors presentation, DLF's net debt has come down "from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19".

In March, DLF raised Rs 3,173 crore by selling shares to institutional investors through its qualified institutional placement (QIP) offer. The company had offered 17.3 crore shares to investors at an issue price of Rs 183.40 per share. DLF's net debt would further come down during the current quarter with likely infusion of Rs 2,250 crore into the company by promoters. READ MORE

May 27, 2019 2:19 PM

Q4 Earnings: GAIL reports Q4 net profit at Rs 1,122.2 crore##Q4 Earnings: GAIL reports Q4 net profit at Rs 1,122.2 crore

May 27, 2019 2:03 PM

Gail Q4 earnings today: Key things to watch##Gail Q4 earnings today: Key things to watch

State-owned natural gas processing and distribution company Gail will report its fourth-quarter earnings on Monday and the company expected to report a weak set of numbers on a sequential basis on the back of weak LNG demand. The spot LNG prices declined during the quarter and the profits were lower in the LPG segment due to low product prices. However, the petrochemical segment is expected to do better because of lower gas cost and higher plan utilisation. The street expects revenue to decline by 7 percent at Rs 18,400 crore and EBITDA is seen down 10.7 percent at Rs 2386 crore.

May 27, 2019 1:53 PM

Zee Entertainment Q4FY19 results today: Key things to know##Zee Entertainment Q4FY19 results today: Key things to know

Zee Entertainment will release its fourth quarter FY19 earnings on Monday and the street will be keenly watching out for the management commentary on the impending promoter pledged stake sale. The revenue growth for the company is likely to come in at 9 percent at Rs 1,884 crore. However, EBITDA is seen flat at Rs 505 crore and so margins are likely to compress by 26.8 percent. Net profit is likely to grow by 14 percent at Rs 264 crore. The key things to watch for would be ad revenue growth, which is expected to be muted around 10-11 percent on the back of a new tariff order. The subscription revenue growth is also seen growing only 3-4 percent.

May 27, 2019 1:48 PM

Adani Gas reports one-time loss at Rs 2.6 crore in Q4FY19##Adani Gas reports one-time loss at Rs 2.6 crore in Q4FY19

May 27, 2019 1:34 PM

Consumption slowdown will last for a few more quarters, says Axis Capital##Consumption slowdown will last for a few more quarters, says Axis Capital

The consumption sector will see an uptick as the consumption level will come back in the next couple of quarters, but whether it is going to this quarter or next quarter is a question of timing, said S Subramanian, managing director of institutional equities, and Chirag Negandhi, the joint managing director and co-CEO at Axis Capital.

“There are two important elements. The consumption level will take a couple of quarters to come back but in terms of auto and all, I think the stock prices have completely bottomed out. So we are contrarian buys on auto as a sector but the consumption slowdown as you said is expected to pick up after a couple of weeks," said Subramanian. READ MORE

May 27, 2019 1:21 PM

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