Nifty Bank now just 1% away from intra-day record high, closes at 1-month high##Nifty Bank now just 1% away from intra-day record high, closes at 1-month high

Jul 1, 2019 3:44 PM

Closing Bell: Sensex, Nifty end with strong gains, HDFC twins, Reliance Industries lift indexes##Closing Bell: Sensex, Nifty end with strong gains, HDFC twins, Reliance Industries lift indexes

Indian equity markets ended with strong gains on Monday's closing trade with the broader Nifty50 settling above 11,850 level. At close, the Sensex was up 292 points at 39,686.50, while Nifty was up 76.70 points at 11,865.60. Zee Entertainment ended over 8 percent higher, Dr Reddy’s Labs over 4 percent, Bajaj Auto over 3 percent along with Tata Motors and Eicher Motors were top gainers on the Nifty, while losers were BPCL, ONGC, IOC, Coal India and HCL Technologies. Among sectors, except metal and energy, all other sectoral indices ended higher led by auto, pharma, FMCG, IT and infra. MidCaps lagged behind with the Nifty MidCap ending 0.17 percent high.

Jul 1, 2019 3:42 PM

Fewer IPOs hit market in H1CY19, but many winners

A total of eight initial public offerings hit the market so far in the first half of 2019, lowest in terms of number and value of IPO's since 2015.

Jul 1, 2019 3:25 PM

Maruti Suzuki reports 14% fall in June sales; passenger car sales drop 18.1%##Maruti Suzuki reports 14% fall in June sales; passenger car sales drop 18.1%

Automobile major Maruti Suzuki on Monday said its passenger car sales dropped by 18.1 percent to 83,952 units in June from 1.02 lakh units recorded in the same period last year. In total, the car maker sold 1.24 lakh units in June, down by 14 percent as the firm had sold 1.44 lakh units in the same month last year. This is the third consecutive month the automaker has reported a double-digit drop in sales. READ MORE

Jul 1, 2019 3:23 PM

GE Power recovers on Rs 23 billion contracts from NTPC##GE Power recovers on Rs 23 billion contracts from NTPC

GE Power India shares recovered after the company won three contracts worth Rs 23 billion from NTPC. The contract is to supply and install Wet FGD (flue-gas desulfurization) systems for two NTPC coal plants at Simhadri Super Thermal Power Station and Sipat Super Thermal Power Station. GE Power India's work includes design, engineering, civil work, supply, erection and commissioning of Wet FGD systems along with auxiliaries including limestone and gypsum handling systems and wet stack on full turnkey basis.

Jul 1, 2019 3:15 PM

Dr Reddy's up 3% on clearance from Greek drug regulator##Dr Reddy's up 3% on clearance from Greek drug regulator

Dr Reddy's Laboratories rose over 3 percent as the Greek regulator renewed its good manufacturing practices certification for the drugmaker's Unit-VI at Srikakulam, Andhra Pradesh, following an inspection on March 8. The stock has today snapped a four-week falling streak, during which it had lost nearly 5 percent. Shares quoted at Rs 2,639.85, up 3.51 percent on NSE at 3.06 pm. Meanwhile, the Nifty traded at 11,867.65, up by 78.80 points.

Jul 1, 2019 3:07 PM

Century Enka falls 4% as stock trades ex-dividend##Century Enka falls 4% as stock trades ex-dividend

Shares of Century Enka fell 4 percent as the stock traded ex-dividend. The company will pay a dividend of Rs 7 per share. A stock generally falls by nearly the same amount as the dividend announced on the day it trades ex-dividend. The stock has snapped a three-day rising streak, which saw it gain nearly 3 percent.

Jul 1, 2019 2:44 PM

Total auto sales of Mahindra & Mahindra in June 2019 stood at 42,547 units##Total auto sales of Mahindra & Mahindra in June 2019 stood at 42,547 units

Jul 1, 2019 2:26 PM

This stock rose 78,000% in eight years, but lost 60% market value in two years — Here's why##This stock rose 78,000% in eight years, but lost 60% market value in two years — Here's why

Avanti Feeds, India's biggest shrimp feed maker, has given returns of nearly 29,000 percent to the investors in the last 10 years. The stock which traded around Rs 1.2 per share in June 2009, is currently trading around Rs 350 per share. So, a Rs 1 lakh investment in the company in 2009 would have become Rs 2.9 crore today. READ MORE

Jul 1, 2019 1:58 PM

Reliance Securities' Naveen Kulkarni expects no surprises from Budget 2019; L&T, Hero MotoCorp, ITC top picks##Reliance Securities' Naveen Kulkarni expects no surprises from Budget 2019; L&T, Hero MotoCorp, ITC top picks

Naveen Kulkarni, head of research, Reliance Securities believes the Union Budget for the fiscal year 2019-20 will present measures to boost the slowing economy but it is unlikely to provide any surprises, given the limited resources with the government. He added that construction, consumer, cement, building material sectors are likely to emerge as major gainers in the budget.

Click here to read the edited excerpts of Kulkarni's interview to CNBC-TV18

Jul 1, 2019 1:43 PM

Investors exiting company a part of business cycle: Shriram City Union Finance on TPG's stake sale

Shriram City Union Finance on Monday said that TPG deciding to sell its stake in the company was a part of the business cycle and nothing more than that.

Jul 1, 2019 1:34 PM

To announce new funding and job creation measures in the sector, says MSME minister Nitin Gadkari##To announce new funding and job creation measures in the sector, says MSME minister Nitin Gadkari

MSME Minister Nitin Gadkari says mulling scheme to use global agencies' credit lines to fund small enterprises; will announce scheme for boosting employment within a month.

Jul 1, 2019 1:18 PM

Eveready's share price hits lower circuit after PwC resigns as auditor##Eveready's share price hits lower circuit after PwC resigns as auditor

Shares of Eveready Industries fell 5 percent on Monday after Price Waterhouse & Co Chartered Accountants LLP (PwC) resigned as the auditor of the company citing insufficient evidence of inter-company deposits. READ MORE

Jul 1, 2019 1:04 PM

Sugar stocks rally 3-10% over expectations of lower sugar sale quota, import duty cut

Sugar stocks rallied on Monday over expectations of government setting the sugar sale quota for mills at 2.05 million trillion in July, lower than 2.15 million trillion set for June.Get latest Market online at cnbctv18.com

Jul 1, 2019 12:56 PM

Jefferies' Chris Wood pulls out from IndusInd Bank; increases weightage in Axis Bank, Gruh Finance##Jefferies' Chris Wood pulls out from IndusInd Bank; increases weightage in Axis Bank, Gruh Finance

In his weekly 'Greed and Fear' report, he informed that his longstanding investment in IndusInd Bank in the Asia ex-Japan long-only portfolio will be removed. However, he has increased his existing investment in Gruh Finance and Axis Bank by 1 percentage point and 2 percentage points, respectively. The share price of IndusInd Bank has risen by 253 percent since inclusion in Wood's portfolio in November 2013. READ MORE

Jul 1, 2019 12:49 PM

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