Sensex heatmap at close: HDFC, Kotak Bank top gainer, Yes Bank top loser##Sensex heatmap at close: HDFC, Kotak Bank top gainer, Yes Bank top loser

Jul 18, 2019 3:46 PM

Closing Bell: Sensex, Nifty end sharply lower, Nifty MidCap falls 1.7%, Yes Bank 12.5%##Closing Bell: Sensex, Nifty end sharply lower, Nifty MidCap falls 1.7%, Yes Bank 12.5%

The BSE Sensex ended 318 points lower, or 0.81 percent, to settle at 38,897 at close. The Nifty shed over 90 points, or 0.78 percent, to close trade at 11,597. The Nifty MidCap index dropped 1.7 percent, while the BSE MidCap also declined 1.23 percent. Nifty Bank also ended nearly a percent lower, while Nifty PSU Banks dropped over 3 percent. Nifty Auto and Metal were other major falling sectors. Only Nifty Media was major advancing sector. Wipro, HDFC, ZEEL, Britannia, HDFC Bank, Kotak Mahindra Bank and ITC surged by up to 3.7 percent. Yes Bank, ONGC, Tata Motors, Coal India, M&M, fell between 3 and 13 percent.

Jul 18, 2019 3:44 PM

This Nifty50 stock surged 78% in last one year despite poor earnings, global headwinds##This Nifty50 stock surged 78% in last one year despite poor earnings, global headwinds

In last one year, 10 Nifty50 companies rose more than 20 percent, but only one stock posted returns of around 78 percent. Despite poor earnings and global macro cues, United Phosphorus Limited (UPL) stock performed unbelievably well, with returns of about 31 percent returns this year alone. In terms of valuations with its peers, UPL trades at a P/E (Price to Earnings ratio) of 22.19x while Bayer CropScience and PI Industries are trading at a P/E of 44.76x and 28.67x, respectively. READ MORE

Jul 18, 2019 3:28 PM

Nifty slips below 11,600##Nifty slips below 11,600

Jul 18, 2019 3:15 PM

European shares hit three-week low as SAP slides##European shares hit three-week low as SAP slides

Technology stocks pushed European shares to three-week lows on Thursday after software firm SAP reported poor results, the latest company to warn about damage from protracted trade tensions as gloom about earnings spreads across global equities. Shares in Europe’s most valuable tech company (SAPG.DE) dove 6% after it said investors would have to wait till next year for a major improvement in margins as the business software group reported a 21% fall in quarterly operating profit.

Jul 18, 2019 2:51 PM

M&M down 3% as stock trades ex-dividend##M&M down 3% as stock trades ex-dividend

Shares of Mahindra & Mahindra fell nearly 3 percent on Thursday as the stock traded ex-dividend. A stock generally trades on a weak note the day it goes ex-dividend as prices fall by nearly the same amount as the dividend announced. On May 29, the company had announced a dividend of Rs 8.50 per share. At 2.25 pm, shares of Mahindra & Mahindra were 2.11 percent lower at Rs 596.60, slightly up from the day's low of Rs 596.10.

Jul 18, 2019 2:27 PM

SpiceJet grabs most of ex-Jet Airways aircraft, market share hits 5-year high##SpiceJet grabs most of ex-Jet Airways aircraft, market share hits 5-year high

Aviation industry this year saw some turbulent times, especially after Jet Airways was forced to shut its operations in April. But the Jet debacle did help two listed Indian aviation companies gain market share and expand the fleet of aircraft.

According to a report by brokerage Prabhudas Lilladher, SpiceJet’s market share improved 170 basis points month-on-month to a 5-year high of 14.8 percent between April-May while that of IndiGo rose to 49.2 percent. READ MORE

Jul 18, 2019 2:23 PM

Torrent Pharma tanks 6% after USFDA classifies inspection at Dahej facility as OAI##Torrent Pharma tanks 6% after USFDA classifies inspection at Dahej facility as OAI

Torrent Pharmaceuticals shares fell more than 6 percent intraday on July 18 after the US drug regulator classified the inspection conducted at its Dahej facility in March as Official Action Initiated (OAI). The company said it had already submitted its initial response to USFDA and commitments given in response to Form 483 observations have been fulfilled. The company is sending further updates over receiving of this OAI letter, it added.

Jul 18, 2019 2:10 PM

From Rs 1 lakh to Rs 1.3 crore! This stock has surged nearly 13,000% in 10 years

Astral Poly Technik has emerged as one of the major wealth-creating companies in the last 10 years. The stock, which traded around Rs 10 in July 2009, surged 12,900 percent to around Rs 1,300 per share.

Jul 18, 2019 1:36 PM

More individual investors bought Yes Bank in Q1 even as MFs, FPIs sold stock. Here's why##More individual investors bought Yes Bank in Q1 even as MFs, FPIs sold stock. Here's why

Private lender Yes Bank on Wednesday reported a 91 percent year-on-year (YoY) drop in net profit at Rs 113.8 crore for the first quarter ended June 2019. In the corresponding quarter last year, the company had posted a net profit of Rs 1,260.4 crore. The stock has fallen 64 percent in April-June. However, the shareholding of individuals (with investment up to 2 lakh) in the bank has risen to 18.72 percent in Q1 from 11.13 percent in Q4FY19. According to the shareholding data on BSE, shareholders with capital up to 2 lakhs have increased from 7.39 lakh in Q4FY19 to 11 lakh in Q1FY20. But holdings of individual investors with a share capital over Rs 2 lakh declined to 1.74 percent from 2.83 percent. READ MORE

Jul 18, 2019 1:00 PM

Here's a snapshot of DB Corp's first quarter earnings##Here's a snapshot of DB Corp's first quarter earnings

Jul 18, 2019 12:52 PM

Wondering which IT stock to buy? Saurabh Mukherjea of Marcellus Investment has an advice for you##Wondering which IT stock to buy? Saurabh Mukherjea of Marcellus Investment has an advice for you

If you are looking to buy Indian IT stocks then the main trigger will be the currency weakness, said Saurabh Mukherjea, founder of Marcellus Investment Managers. “The weakness in export performance does point to the rupee being significantly overvalued,” Mukherjea told CNBC-TV18 on Thursday. Talking about the IT stocks, he said, “Buy champion companies and sit back and let them compound and with our TCS holding; both for our clients’ portfolio and in my own portfolio, my view is a stock like TCS, I will prefer to ride through it.” READ MORE

Jul 18, 2019 12:38 PM

Colgate reports Q1 toothpaste volume growth in-line with CNBC-TV18's poll of 4% growth##Colgate reports Q1 toothpaste volume growth in-line with CNBC-TV18's poll of 4% growth

Jul 18, 2019 12:26 PM

Crax snack maker DFM Foods shares jump 20% after upbeat Q1 earnings##Crax snack maker DFM Foods shares jump 20% after upbeat Q1 earnings

Shares of DFM Foods surged over 20 percent to Rs 293 on Thursday after the food processing company posted a near 52 percent jump in the first-quarter profit. DFM Foods, the maker of Crax corn rings and cheese balls, reported a profit of Rs 7.63 crore in the three months ended June 30 versus Rs 5.01 crore last year. Revenue rose to Rs 127.72 crore versus Rs 98.69 crore in the corresponding period last year. READ MORE

Jul 18, 2019 12:02 PM

Punjab & Sind Bank falls 6% after reporting fraud by Bhushan Power & Steel##Punjab & Sind Bank falls 6% after reporting fraud by Bhushan Power & Steel

Punjab & Sind Bank shares fell 6 percent intraday after reporting fraud by Bhushan Power & Steel to Reserve Bank of India. "On the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against Bhushan Power & Steel and its directors, alleging diversion of funds from the banking system, a fraud of Rs 238.30 crore is being reported by the bank to RBI," the lender said in its BSE filing.

Jul 18, 2019 11:12 AM

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