Sectoral Trend: Nifty realty gains most, Nifty IT falls##Sectoral Trend: Nifty realty gains most, Nifty IT falls

May 3, 2019 3:38 PM

Top Nifty gainers and losers: Banks gains, FMCG drags##Top Nifty gainers and losers: Banks gains, FMCG drags

May 3, 2019 3:37 PM

Closing Bell: Sensex ends flat, Nifty holds 11,700; IT, FMCG stocks drag##Closing Bell: Sensex ends flat, Nifty holds 11,700; IT, FMCG stocks drag

The benchmark indices ended flat on Friday as investors remained cautious amid March-quarter earnings season. Fall in crude oil prices and a stronger rupee kept the sentiment positive. Gains in realty and banking indices were capped by losses in FMCG and IT sectors. The BSE Sensex closed at 38,963, down 18 points, while the broader NSE Nifty50 ended at 11,712, falling 12 points. The indices posted marginal gains for the week. Indiabulls Housing Finance, Bharti Airtel, NTPC, YES Bank, and ICICI Bank were the top gainers on the Nifty, while TCS, Britannia, Tech Mahindra, Adani Ports and HUL fell the most on the index. Financials accounted for most of the gains on the NSE Nifty. Nifty PSU Bank, index gained 1.2 percent while Nifty Private Band index and Nifty Bank was up 0.8 percent for the day. Nifty IT index fell nearly 2 percent during the day. FMCG stocks, which were also among the top losers on the index, fell on poor FY20 outlook.

May 3, 2019 3:34 PM

Federal Bank surges ahead of results tomorrow##Federal Bank surges ahead of results tomorrow

May 3, 2019 3:28 PM

Macro liquidity has improved but NBFCs still struggle, says Credit Suisse’s Ashish Gupta##Macro liquidity has improved but NBFCs still struggle, says Credit Suisse’s Ashish Gupta

The disease of deteriorating non-performing asset (NPA), which haunted the banking sector from 2014, has now passed on to non-banking financial companies (NBFCs). It began with state-run infrastructure giant Infrastructure Leasing & Financial Services' Rs 95,000 crore odd debt was downgraded in September 2018. Then, there were worries from Dewan Housing Finance (DHFL). Earlier this year, the Essel Group debt created a scare for mutual funds and NBFCs and now it is Anil Dhirubhai Ambani Group (ADAG).

The impact of these fragile four groups has been brought out in an interesting report by Ashish Gupta of Credit Suisse. Gupta was the first to detail the NPA mess in the banking sector way back in 2012 with his seminal report titled 'House of Debt'. Since then, his quarterly health tracker of the financial sector is eagerly awaited as the most candid database of the stress in the banking sector. Even the Reserve Bank of India and the North Block rely on Gupta’s reports. READ MORE

May 3, 2019 3:15 PM

It's bull and bear case for Biocon: Analysts divided as flat performance of biologics business spooks market

Biocon Limited has been in spotlight after announcing its fourth quarter results last week, as the stock lost around 10 percent.

May 3, 2019 3:05 PM

NSE to conduct extended live trading session on Akshaya Tritiya##NSE to conduct extended live trading session on Akshaya Tritiya

National Stock Exchange (NSE) will conduct an extended live trading session on May 7 in the capital market segment on the occasion of Akshaya Tritiya. The extended live trading session will be held for trading in gold exchange-traded fund (ETF) and sovereign gold bonds only, the NSE said in a circular.

The regular market timing will remain the same and the closing session will not be available for gold ETF securities and sovereign gold bonds, it added. READ MORE

May 3, 2019 2:47 PM

Godrej Consumer slips on disappointing volume growth in Q4##Godrej Consumer slips on disappointing volume growth in Q4

Shares of Godrej Consumer slipped over 3 percent after the company's Q4 results missed Street expectations. It reported a disappointing volume growth of 1 percent against a CNBC-TV18 poll of 5-6 percent growth. The company reported a PAT of Rs 935 crore in March-quarter, as compared to PAT of Rs 617 crore in the same period last year. The Q4 profit included a tax write-back of Rs 533 crore. The company's total revenue fell 3.1 percent to Rs 2,452 crore versus Rs 2,531 crore year-ago.

May 3, 2019 2:32 PM

87 BSE midcap stocks gave negative returns in last 1 month; is it time to sell?

Underperforming the benchmark indices for the last four sessions, the midcap index has remained subdued so far in 2019 as well as in the last one month.Get latest Market online at cnbctv18.com

May 3, 2019 2:15 PM

SBI General Insurance IPO likely in Q4FY20##SBI General Insurance IPO likely in Q4FY20

After listing its life insurance business two years ago, the State Bank of India (SBI) is again looking to hit the capital market, this time with an initial public offering (IPO) for its general insurance business. The state-run lender is planning to launch its IPO in the last quarter of the current financial year, sources familiar with the matter told CNBC-TV18.

The bank is likely to raise Rs 1,500-1,800 crore through an approximate dilution of its 10 percent stake in SBI General Insurance. Currently, SBI owns 70 percent, while insurance Australia Group owns 26 percent and Axis New Opportunities Fund and Premji Invest together own 4 percent stake in the insurance arm of the state-run lender. READ MORE

May 3, 2019 1:59 PM

Jet Airways has become a trading item with 'no asset value'##Jet Airways has become a trading item with 'no asset value'

Jet Airways, the debt-ridden airline is currently sitting non-operational for the last two weeks after the company's lenders failed to infuse urgent capital required to run operations. The shutdown has impacted the stock negatively but its worst fate was decided last year itself when the stock could not breach its Rs 366 level.

The stock was first listed on March 14, 2005, with an opening price of Rs 1,155. In these last 14 years, the stock has slumped about 800 percent. It reached its all-time high of Rs 1,348 per share on April 25, 2005. And, since then, the stock has only been falling. In fact, in last one year, the stock price has come down by 79 percent. Currently, the airlines market capitalization stands at mere Rs 1,444 crore. READ MORE

May 3, 2019 1:43 PM

Godrej Consumer reports disappointing Q4 numbers##Godrej Consumer reports disappointing Q4 numbers

May 3, 2019 1:26 PM

L&T looking to induct its representative into the Mindtree board via EGM, says report##L&T looking to induct its representative into the Mindtree board via EGM, says report

L&T and Mindtree may be heading towards another round of showdown as the engineering conglomerate, the largest stakeholder in the IT firm, is mulling a shareholders' meeting, reported Business Standard.

The agenda for the extraordinary general meeting (EGM) is likely to be “governance and inclusion,” the report said citing sources close to the development. As per the report, L&T will look to induct its representative into Mindtree board through the meeting. READ MORE

May 3, 2019 1:08 PM

Here’s why Marcellus Investment Managers is upbeat on HDFC Bank, TCS, Nestle, Asian Paints##Here’s why Marcellus Investment Managers is upbeat on HDFC Bank, TCS, Nestle, Asian Paints

Saurabh Mukherjea, founder, Marcellus Investment Managers, shared his views on the fundamentals of the market. HDFC Bank, Kotak Mahindra Bank, Asian Banks and Nestle are high-quality companies, with a stellar long-term track record and that is why people wanted to buy these stocks.

“We are buying companies with clean financial statements, high-quality governance, stellar franchises, and long track records of cash generations. Where I am perplexed is where you don’t have these sort of track records and that is almost 90 percent of the Indian market and still people want to buy these companies with less than ideal fundamentals at giddy valuations,” he said. Click here to see interview

May 3, 2019 12:51 PM

Here's all that you can expect from L&T Tech Services' Q4 results today##Here's all that you can expect from L&T Tech Services' Q4 results today

May 3, 2019 12:34 PM

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