Rupee extends losses as it hits new day's low of 69.355 against Dollar##Rupee extends losses as it hits new day's low of 69.355 against Dollar

Apr 10, 2019 3:48 PM

Nifty Bank index falls over 1%; HDFC Bank, Bank of Baroda top losers##Nifty Bank index falls over 1%; HDFC Bank, Bank of Baroda top losers

Apr 10, 2019 3:48 PM

Sectoral Trend: Banking indices fall over 1% each##Sectoral Trend: Banking indices fall over 1% each

Apr 10, 2019 3:46 PM

Top Nifty gainers and losers: Tata Motors surge 5%, Bharti Airtel slips 3.5%##Top Nifty gainers and losers: Tata Motors surge 5%, Bharti Airtel slips 3.5%

Apr 10, 2019 3:45 PM

Closing Bell: Sensex, Nifty end lower on IMF downgrade; banking sector drags##Closing Bell: Sensex, Nifty end lower on IMF downgrade; banking sector drags

Indian shares ended lower on Wednesday led by losses in largecaps stocks on profit booking after the International Monetary Fund (IMF) lowered growth outlook for India and global economy. Negative sentiment in Asian markets also weighed on the local stock market. The BSE Sensex settled at 38,585, down 354 points, while the broader NSE Nifty50 ended at 11,584, slipping 88 points. Broader markets outperformed the market with Nifty Midcap falling 0.2 percent, and Nifty Smallcap index gaining 0.3 percent. Tata Motors, Cipla, Wipro, Adani Ports and HUL were top gainers on Nifty, while Bharti AIrtel, Hindalco, Asian Paints, TCS, and UPL fell the most. Among sectors, banking and financial indices fell the most, over 1 percent, followed by Nifty Metal and Nifty IT. Nifty Auto and Nifty realty gained during the day.

Apr 10, 2019 3:39 PM

Bond yields on long-term rates may steepen in near term, says PNB Gilts##Bond yields on long-term rates may steepen in near term, says PNB Gilts

Vikas Goel, MD and CEO of the company, spoke to CNBC-TV18 about the impact of declining bond yields and more.

“After the last monetary policy committee (MPC) meeting, a little bit of uncertainty has been injected into the market. So essentially the jury is still out, we will see at the end of next quarter. There are opportunities in the market,” Goel said on Wednesday. Watch interview here

Apr 10, 2019 3:15 PM

Sensex, Nifty nosedive: Here are the top losers##Sensex, Nifty nosedive: Here are the top losers

Indian benchmark indices BSE Sensex and NSE's Nifty 50 plunged sharply by half a percent in the afternoon trade on Wednesday, dragged by banking and financial services stocks. Most Nifty sectoral indices, including banking, metals, IT and FMCG remained in the red territory falling nearly 0.50 percent. Among Nifty50 stocks, the major loser was Hindalco, which was down about 3.18 percent. TCS plunged by 2.13 percent, HDFC tanked 1.89 percent, HDFC Bank slipped 1.95 percent along with others. READ MORE

Apr 10, 2019 3:00 PM

Q4FY19 Results Preview: March-quarter earnings unlikely to bring positive surprise

As the March-quarter earnings season begins, most brokerages believe that Q4 earnings will be a repeat of the third quarter of FY19 (Q3FY19) with financials driving the performance.Get latest Market online at cnbctv18.com

Apr 10, 2019 2:42 PM

Automobile dealers say worst behind industry as March passenger vehicle sales rise 5%##Automobile dealers say worst behind industry as March passenger vehicle sales rise 5%

India’s retail passenger vehicles sales for March rose 5 percent from a month ago, while two-wheeler sales rose 10 percent, according to data from the car dealers’ association. The data, based on vehicle registrations, was released by the Federation of Automobile Dealers Association (FADA).

Dealers are holding 40-45 days worth of inventory for passenger vehicles and 45-50 days worth of inventory for two-wheelers, according to a survey conducted by FADA.Passenger vehicle sales from March 2018 to March 2019, fell 10 percent to 2.42 lakh units from a year earlier, while two-wheeler sales declined 7 percent, the data showed. READ MORE

Apr 10, 2019 2:25 PM

Why investors must take a second look at how Indian airlines are valued##Why investors must take a second look at how Indian airlines are valued

India’s aviation growth story has all the perfect ingredients working in sync — a growing middle-class forecast to hit 300 million+, economic growth averaging 7 percent+ per annum, expanding urbanisation, improving infrastructure and favourable demographics. Indeed, consensus forecasts estimate that India will be the third largest aviation market by 2030. Yet, in such a market where two large established airlines are up for sale, investor interest has been limited at best.

From a valuation perspective, on first glance, there are several aspects that would lend themselves towards increased earnings and a profitable exit for an investor. But a closer examination of the valuation drivers gives a very different picture. Click here to read more

Apr 10, 2019 2:08 PM

Chart: Sensex slips over 200 points from day's high##Chart: Sensex slips over 200 points from day's high

Apr 10, 2019 1:51 PM

Nifty witnesses sharp fall, trades near 11,600 on profit booking##Nifty witnesses sharp fall, trades near 11,600 on profit booking

Apr 10, 2019 1:43 PM

Market witness sharp fall in trade; Sensex & Nifty Bank slips more than 200 points each from day's high##Market witness sharp fall in trade; Sensex & Nifty Bank slips more than 200 points each from day's high

Apr 10, 2019 1:39 PM

Uber plans to sell around $10 billion worth of stock in IPO, say sources##Uber plans to sell around $10 billion worth of stock in IPO, say sources

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding Ltd in 2014.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft Inc's shares following its IPO late last month, the sources said. Investment bankers previously told Uber it could be worth as much as $120 billion. READ MORE

Apr 10, 2019 1:24 PM

Kotak FMP Series 183: All you need to know

Investors of Kotak Fixed Maturity Plan (FMP) 183, which was maturing on April 10, may not receive full redemption amount as the company is facing delays in recovering investments made in non-convertible debentures (NCDs) issued by Essel Group companies, sources told CNBC-TV18.

Apr 10, 2019 1:05 PM

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