IT stocks gained on weak rupee##IT stocks gained on weak rupee

Apr 24, 2019 3:45 PM

Nifty Bank rose nearly 400 points in today's trade##Nifty Bank rose nearly 400 points in today's trade

Apr 24, 2019 3:45 PM

Nifty Auto fell nearly half a percent dragged by Tata Motors##Nifty Auto fell nearly half a percent dragged by Tata Motors

Apr 24, 2019 3:44 PM

Sectoral Trend: All sectors except Nifty auto ended in green##Sectoral Trend: All sectors except Nifty auto ended in green

Apr 24, 2019 3:42 PM

Top gainers and losers: Ultratech Cements tops post Q4 numbers, Tata Motors slips##Top gainers and losers: Ultratech Cements tops post Q4 numbers, Tata Motors slips

Apr 24, 2019 3:41 PM

Closing Bell: Sensex ends 490 points higher, Nifty above 11,700 led by banking, IT stocks##Closing Bell: Sensex ends 490 points higher, Nifty above 11,700 led by banking, IT stocks

Indian shares ended higher on Wednesday, snapping a three-day losing streak helped by banking, energy, and IT stocks, ahead of April F&O expiry. Gains in index heavyweights like RIL, HDFC, HDFC Bank, ICICI Bank, and TCS also lifted the indices. The BSE Sensex settled at 39,054, up 490 points, while the broader NSE Nifty50 ended at 11,726, adding 150 points. Nifty Midcap gained 0.8 percent while Nifty Smallcap rose 0.7 percent. Ultratech Cements, BPCL, HCL Tech, ONGC, and IndusInd Bank were the top gainers on the Nifty, while, Tata Motors, HeroMoto Corp, Coal India, Maruti Suzuki, and Cipla fell the most on the index. All sectoral indices, except Nifty Auto were trading in the green. Banking indices and Nifty IT rose the most, up over 1 percent each. Nifty Pharma and Nifty realty also gained 0.7 percent each.

Apr 24, 2019 3:36 PM

Ultratech Cement Q4 results beat estimates boosted by domestic sales volume

Ultratech Cement posted a standalone net profit of Rs 1,017.47 crore in the fourth quarter of FY 2018-19, 108 percent up compared to Rs 487.95 crore in the same period last year.

Apr 24, 2019 3:24 PM

RBI first APAC central bank to begin interest rate easing cycle: Fitch##RBI first APAC central bank to begin interest rate easing cycle: Fitch

Reserve Bank of India is the first central bank in the Asia-Pacific region to begin an explicit interest rate easing cycle buoyed by benign food inflation and easier global financial condition, Fitch Ratings said on Wednesday.

The Monetary Policy Committee (MPC), headed by RBI Govenor Shaktikanta Das, cut rates in February and April citing prospects of benign inflation. In the four months of 2019, the RBI has cut policy interest rates twice by 0.25 percent each to one-year low of 6 percent. This is the first back-to-back rate cut since the MPC was formed in late 2016. READ MORE

Apr 24, 2019 3:13 PM

Vodafone Idea's Rs 25,000-crore rights issue subscribed 50% till 2:40pm##Vodafone Idea's Rs 25,000-crore rights issue subscribed 50% till 2:40pm

The rights issue of Vodafone Idea, the country's largest telecoms firm by subscribers, was under-subscribed on the last day of bidding on Wednesday. Vodafone Idea, which plans to raise up to Rs 25,000 crore, has received bids for 1,034 crore shares against the total issue size of 2,000 crore, as per NSE data. The company has fixed the issue price at Rs 12.50.

The issue price of Rs 12.50 per equity share (including a premium of Rs 2.50 per equity share) was at a 27 percent discount to the today's trading price of Rs 17.20 per share. READ MORE

Apr 24, 2019 3:00 PM

Tata Elxsi reports Q4 numbers, declares dividend of Rs 13.50/share##Tata Elxsi reports Q4 numbers, declares dividend of Rs 13.50/share

Apr 24, 2019 2:47 PM

Trident to consider stock split##Trident to consider stock split

A board meeting of Trident will be held on May 13, 2019 to consider and approve the standalone and consolidated results of the company for the financial year ended on March 31, 2019. It will also consider and recommend final dividend, if any and recommend sub-division/split of company's equity share.

Apr 24, 2019 2:30 PM

UltraTech Cement Q4: Domestic sales volume up 16% (YoY)##UltraTech Cement Q4: Domestic sales volume up 16% (YoY)

Apr 24, 2019 2:13 PM

Indiabulls Real Estate soars 13% on plan to sell London property##Indiabulls Real Estate soars 13% on plan to sell London property

Indiabulls Real Estate surged over 13 percent after the company said that it will sell its London property to promoters for approximately Rs 1,800 crore."Company has decided to focus only on Mumbai and NCR markets and hence has decided to divest Century Limited, the parent company that houses Hanover Square property, London. In light of continuing Brexit related issues and uncertainty around it, the London property market remains sluggish so the promoter has undertaken to buy the parent company of London asset for 200 million pounds," it said in a regulatory filing. READ MORE

Apr 24, 2019 1:57 PM

Mahindra & Mahindra Financial Q4 results preview: 4 things to watch out for

Mahindra & Mahindra Financial Services, a rural NBFC based in Mumbai, is likely to report good earnings in the quarter ended March 31.Get latest Earnings online at cnbctv18.com

Apr 24, 2019 1:40 PM

29,000 is a good level to go long on Bank Nifty, says Gautam Shah of JM Financial##29,000 is a good level to go long on Bank Nifty, says Gautam Shah of JM Financial

Gautam Shah, associate director and technical analyst of JM Financial, spoke to CNBC-TV18 about market fundamentals and shared his outlook on Indian equities. “Somewhere around 29,000 on the Bank Nifty would be justified to go fresh long once again and our bigger picture target for the banking index is about 32,500. So if you do get that index in this 29,000-29,500 band, I think that is a great risk-reward to play with for the next three-six months,” said Shah. READ MORE

Apr 24, 2019 1:21 PM

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