Nifty IT index falls nearly 1 percent ahead of TCS, Infosys earnings##Nifty IT index falls nearly 1 percent ahead of TCS, Infosys earnings

Apr 11, 2019 3:40 PM

Sectoral Trend: Nifty Auto, Nifty FMCG gain, Nifty IT, Nifty Metal drag##Sectoral Trend: Nifty Auto, Nifty FMCG gain, Nifty IT, Nifty Metal drag

Apr 11, 2019 3:39 PM

Top Nifty gainers and losers: Vedanta falls over 3%, Indiabulls Housing gains 2.5%##Top Nifty gainers and losers: Vedanta falls over 3%, Indiabulls Housing gains 2.5%

Apr 11, 2019 3:38 PM

Closing Bell: Sensex, Nifty end flat as voting begins, Q4 results eyed##Closing Bell: Sensex, Nifty end flat as voting begins, Q4 results eyed

Indian indices ended flat on Thursday, ahead of March-quarter earnings, as investors stayed on the sidelines as the first phase of voting began for the 2019 general election. Investors also awaited India's retail inflation numbers, due tomorrow. The BSE Sensex ended the day at 38,607, up 22 points, while the broader NSE Nifty50 settled at 11,597, adding 12 points. The Nifty Midcap was trading flat, while the Nifty Smallcap index outperformed, up 0.2 percent. Indiabulls Housing, Bharti Airtel, Bajaj Auto, Bajaj Finserv, and Dr. Reddy's gained the most on Nifty, while Vedanta, Sun Pharma, PowerGrid, Axis Bank and Tech Mahindra fell the most on the index. A mixed trade was seen amongst the sectoral indices with Nifty Auto, and Nifty FMCG gaining while, Nifty Metal, Nifty IT and Nifty Realty slipping during the day. The Nifty IT index fell over half a percent with Infosys and TCS falling over 1.2 percent and 0.7 percent, respectively ahead of March-quarter earnings. Tech Mahindra and HCL Tech were other draggers in the index.

Apr 11, 2019 3:35 PM

HDFC AMC extends maturity date of FMP Series 35##HDFC AMC extends maturity date of FMP Series 35

HDFC Asset Management Co. Ltd on Wednesday said that it has extended the maturity date of fixed maturity plan (FMP) Series 35 to April 29, 2020, from April 15, 2019.

Citing the reason for the extension, the company said, "Due to current interest rate scenario and portfolio positioning, the yields prevailing in the short maturity bucket present an option for investors to lock in their investments at current prevailing yields." READ MORE

Apr 11, 2019 3:22 PM

IT earnings radar: Infosys will outpace TCS' growth rate in FY20, says Nirmal Bang's Girish Pai

It's time to focus on earnings in our special segment -- Quarter Se Quarter Tak. IT biggies Infosys and TCS will kick off the Q4 earnings season tomorrow.

Apr 11, 2019 3:10 PM

MCX FY'19 futures turnover up 22% at Rs 65.91 lakh crore; market share touches record 91.6%##MCX FY'19 futures turnover up 22% at Rs 65.91 lakh crore; market share touches record 91.6%

India's largest commodity exchange MCX's total turnover in futures trading rose 22 percent to Rs 65.91 lakh crore in 2018-19 driven by bullion, base metals and energy contracts, helping the bourse to achieve record market share of over 91 percent.

According to data available on MCX's website, the exchange's total turnover in futures trade stood at Rs 65,91,428 crore in 2018-19, up 22.45 per cent from Rs 53,82,996 crore in the previous year.

The average daily turnover of futures trading on MCX was Rs 25,648 crore in the just-concluded fiscal, up 21 percent from Rs 21,193 crore in 2017-18. READ MORE

Apr 11, 2019 2:58 PM

Redcliffe Capital confirms CNBC-TV18 newsbreak on Jet Airways bid##Redcliffe Capital confirms CNBC-TV18 newsbreak on Jet Airways bid

Apr 11, 2019 2:44 PM

Expect cyclical revival in corporate earnings going forward, says UTI MF##Expect cyclical revival in corporate earnings going forward, says UTI MF

Ajay Tyagi, a fund manager at UTI Mutual Fund, is of the view that the outcome of Lok Sabha elections will have a short-term impact on the markets depending on who comes to power.

With regards to corporate earnings, Tyagi said, "In the last six years, the average corporate earnings growth has been 4.5-5 percent only and so, irrespective of who comes to power and keeping aside the economic policies that would come through, the fact that we have been at a cyclical low over the last six years, there would be a cyclical revival in corporate earnings provided nominal GDP growth would remain 12-13 percent," he said. Watch Interview here

Apr 11, 2019 2:30 PM

Wockhardt shares rise 4% on USFDA approval for cancer injection##Wockhardt shares rise 4% on USFDA approval for cancer injection

Wockhardt rallied over 3 percent on Thursday after the pharma company said it has received approval from the United States Food and Drug Administration (USFDA) for Decitabine injection. On Wednesday, the company received approval from the US FDA for its 50 mg Decitabine injection which is used to treat certain forms of cancer.

“Decitabine is used to treat Myelodysplastic syndromes (MDS), a group of cancers in which immature blood cells in the bone marrow do not mature and therefore do not become healthy blood cells,” said Wockhardt in a press release. READ MORE

Apr 11, 2019 2:15 PM

Naresh Goyal is likely to submit an expression of interest for Jet Airways today##Naresh Goyal is likely to submit an expression of interest for Jet Airways today

Apr 11, 2019 1:58 PM

Is it time to book profits in auto stocks? DSP Investment has an advice for you##Is it time to book profits in auto stocks? DSP Investment has an advice for you

Gopal Agrawal, senior VP & head of macro strategy at DSP Investment Managers, in an interview with CNBC-TV18 shared his expectations from the fourth-quarter earnings and outlook for auto stocks.

With regards to earnings, Agrawal said, "Both the earnings numbers and management commentary from companies need to be strong. One is expecting a remarkable earnings growth this quarter, which is factored in by the market."

"For the current market optimism to continue there is a need for favourable macros, strong management commentary on growth and political stability," said Agrawal. READ MORE

Apr 11, 2019 1:41 PM

India Inc's earnings lag in Narendra Modi era, but optimism remains

As Tata Consultancy Services Ltd and Infosys Ltd get set to kick-start another earnings season - the last under Modi's current tenure - expectations remain muted.Get latest Economy online at cnbctv18.com

Apr 11, 2019 1:25 PM

JUST IN: Supreme Court to pronounce order on electoral bond issue on April 12##JUST IN: Supreme Court to pronounce order on electoral bond issue on April 12

Apr 11, 2019 1:06 PM

Four measures to watch for in Uber's IPO filing##Four measures to watch for in Uber's IPO filing

REVENUE

Uber is a much larger company than Lyft, with operations in markets ranging from the United States to Latin America to North Africa. Lyft operates entirely in North America.

ADJUSTED EBITDA

This common measure of profitability will look similar to Lyft's in one major respect: both Uber and Lyft are loss-making companies. Uber reported an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $1.8 billion in 2018, compared to around $950 million for Lyft.

CONTRIBUTION MARGIN

This lesser-known financial metric will likely play a big role in Uber's pitch to investors. It is designed to show whether Uber's operations in individual markets are profitable on a standalone basis by ignoring company-wide costs like marketing or technology investment.

MONTHLY ACTIVE USERS

Uber generates more rides than Lyft in large part due to its wider, global presence. Lyft had 18.6 million monthly active riders as of the fourth quarter of 2018. READ MORE

Apr 11, 2019 12:50 PM

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