Sectoral Trend: All sectoral indices, except Nifty IT, ended the day in red##Sectoral Trend: All sectoral indices, except Nifty IT, ended the day in red

May 7, 2019 3:45 PM

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

May 7, 2019 3:41 PM

Closing Bell: Sensex ends 300 points lower, Nifty below 11,500; RIL, ICICI Bank drag##Closing Bell: Sensex ends 300 points lower, Nifty below 11,500; RIL, ICICI Bank drag

Indian shares ended lower, slipping nearly 1 percent for the second session, dragged by banking, realty and energy stocks. Q4 earnings and concerns of the US-China trade war intensifying dragged the sentiment. Nifty50 ended below 11,500 for the first time since March 27, 2019. The Sensex settled 324 points lower at 38,277, while the Nifty50 lost 100 points to end at 11,498. The broader markets were also under pressure with Nifty Midcap and Nifty Smallcap indices ending 1 percent lower. ​HUL, Bharti Infratel, L&T, Hindalco, and Wipro were among the major gainers on Nifty50, whereas Tata Motors, Zee, ICICI Bank, JSW Steel, and Reliance led the losses. All sectoral indices, except Nifty IT, ended the day in red. Nifty PSU Bank index was the worst performing sector, down over 2 percent followed by Nifty Realty, which fell 1.2 percent. Nifty Bank and Nifty Private Bank indices were also down over 1 percent each.

May 7, 2019 3:35 PM

Escorts Q4 net revenue jumps nearly 14% this quarter compared to the same quarter last year##Escorts Q4 net revenue jumps nearly 14% this quarter compared to the same quarter last year

May 7, 2019 3:26 PM

FMCG sector slowdown here to stay as demand continues to crack##FMCG sector slowdown here to stay as demand continues to crack

The fast-moving consumer goods (FMCG) space has taken a huge beating in terms of volume in all different segments in the last few quarters. The sector is facing a sudden slowdown of volume growth due to low demand. And, the reason behind low demand in the market is low income. In urban and rural areas, people are facing non-availability of good-paying jobs, which is also a brewing topic during the 2019 Lok Sabha election.

Talking about FMCG companies, Hindustan Unilever and Britannia both reported volume growth of 7 percent for the March quarter. Dabur’s volume growth was only 4 percent, and the worst performance was delivered by Godrej Consumer Products, at 1 percent. READ MORE

May 7, 2019 3:13 PM

Akshaya Tritiya: Top 10 gold ETFs in terms of one year return

The festival of Akshaya Tritiya, which is celebrated on May 7 this year, is considered to be an auspicious day to purchase gold.

May 7, 2019 2:59 PM

Benchmark 10-year bond yield falls as more cash infusion moves mulled##Benchmark 10-year bond yield falls as more cash infusion moves mulled

India's benchmark 10-year bond yield dropped by 2 basis points to 7.39 percent on Tuesday, after Reuters reported that the central bank was likely to conduct at least one more forex swap auction and three to four open market bond purchases.

The benchmark 10-year bond yield fell to 7.39 percent, erasing the day's rise to be steady on the day. Yields had risen to 7.43 percent earlier in the session on the back of higher oil prices. READ MORE

May 7, 2019 2:48 PM

Nomura sees slowdown cycle in consumption at fag-end, excepts marginal pickup in H2CY19##Nomura sees slowdown cycle in consumption at fag-end, excepts marginal pickup in H2CY19

Sonal Varma, MD and chief India economist, Nomura Financial Advisory and Securities, said the slowdown in consumption has been going on since the fourth quarter of CY18 due to higher oil prices and tightening financial funding.

“Our sense is that we are coming towards the fag end of the consumption slowdown cycle and we do think growth has not yet bottomed out. Most likely we will see consumption numbers bottom out in the April-June quarter because the Reserve Bank of India (RBI) deliver rate cuts, while the government has held back on its spending so far. A lot of spending in FY20 is going to be geared towards consumption related expenditure,” Varma said.

However, monsoons and its impact on rural consumption is the only red flag, she said, adding that outside of that expect some stabilisation to marginal pickup in consumption in H2CY19.

May 7, 2019 2:32 PM

Jyothy Lab reports a fall of over 200 bps in margin##Jyothy Lab reports a fall of over 200 bps in margin

May 7, 2019 2:18 PM

Sanofi India reports 12.6% profit in Q4##Sanofi India reports 12.6% profit in Q4

Sanofi India reported January-March quarter earnings with profit coming in at 12.6 percent higher at Rs 93 crore, revenue also rose 16 percent at Rs 717.3 crore. Meanwhile, EBITDA jumped 14.4 percent to Rs 154 crore, but margin fell to 21.4 percent versus 22.1 percent in the same quarter last year.

May 7, 2019 1:59 PM

Ceat Q4 results today: Key things to watch out for##Ceat Q4 results today: Key things to watch out for

Tyre maker Ceat will report its fourth-quarter earnings on Tuesday and the analysts expect the company to report a single-digit profit growth.

The revenue growth over the last three quarters has slowed down substantially. This time it is expecting a 6.50 percent revenue growth as compared to 9 percent growth reported in the year-ago period. The company's margin is expected to come in at around 9 percent due to lower marketing spends.

May 7, 2019 1:43 PM

Fitch Ratings revises Outlook on Lodha Developers to Negative from Stable##Fitch Ratings revises Outlook on Lodha Developers to Negative from Stable

May 7, 2019 1:27 PM

Edelweiss Financial maintains 'buy' on ICICI Bank after Q4 numbers##Edelweiss Financial maintains 'buy' on ICICI Bank after Q4 numbers

ICICI Bank on Monday reported a healthy set of numbers for the fourth quarter ended March 31. The bank's growth hits a three year high and net interest margin figures beat the street expectations. Kunal Shah, senior vice preside and head - BFSI Research, Edelweiss Financial Services, shared his views and readings on the numbers and stock.

The overall Q4 performance of ICICI Bank was characterised by strong operating momentum and strengthening of the balance sheet, Shah said. “It reaffirms our confidence that it will clock 16-17 percent RoE (return on equity). So we have a buy recommendation on the stock with a target price of Rs 493,” he added.

May 7, 2019 1:10 PM

Global Markets: Asian shares off five-week low, remain fragile on renewed U.S.-China trade worries##Global Markets: Asian shares off five-week low, remain fragile on renewed U.S.-China trade worries

Asian shares staggered up from five-week lows on Tuesday but remained fragile after U.S. President Donald Trump’s latest threat to raise tariffs on Chinese goods shocked financial markets and fueled worries that trade talks may be derailed.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, erasing earlier losses. Chinese shares rose after their worst drop in more than three years on Monday. The benchmark Shanghai Composite advanced 0.6 percent, while the blue-chip CSI 300 climbed 1.0 percent. Hong Kong’s Hang Seng was up 0.7 percent. Japan’s Nikkei shed 0.8 percent, taking a delayed hit as the country’s financial markets opened after a 10-day break to mark the ascension of a new emperor.

May 7, 2019 12:53 PM

Escorts Q4 results today: What you should watch out for

Engineering firm The Escorts Group will report its fourth-quarter earnings on Tuesday and analysts expect the tractor maker to report a double-digit profit growth.Get latest Auto online at cnbctv18.com

May 7, 2019 12:37 PM

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