Reliane Industries, Yes Bank were top drag on Sensex##Reliane Industries, Yes Bank were top drag on Sensex

Aug 31, 2018 3:53 PM

Closing Bell: Sensex ends in the red, Nifty ends in the green##Closing Bell: Sensex ends in the red, Nifty ends in the green

Indian equity indexes ended largely flat on Friday, after trading under pressure for much of the day, dragged lower by energy, metal and bank stocks. The BSE Sensex ended lower by 45 points, or 0.12 percent, to 38,645, while the NSE Nifty 50 settled marginally up by 3.70 percent, or 0.03 percent, at 11,680.50. Midcaps ended with gains of 0.35 percent, outperforming frontline indexes. Yes Bank contributed 10 points to Nifty's fall, being the top drag on the broader index. Index heavyweight dragged Nifty lower by 30 points, with the stock ending 2.6 percent lower. Tata Motors gained 3 percent in trade today. Overall market breadth in favour of advances with advance-decline ratio at 4:3.

Aug 31, 2018 3:42 PM

SAIL falls on news co declines dividend to govt##SAIL falls on news co declines dividend to govt

State-owned Steel Authority of India’s (SAIL) shares were down 1.9 percent at Rs 79.45, after the company declined a government call for a dividend this year, citing financial risks, Reuters reports. SAIL’s refusal could make it harder for govt to meet its budgeted target of raising Rs 1.06 trillion ($14.95 billion) from dividends and profit of state-owned companies. A SAIL spokesman told Reuters that the firm posted a loss in the 2017/18 fiscal year, “so there is no chance of a dividend.” More than 7.6 million shares change hands, 0.8 times the 30-day moving average. Seven of 19 brokerages rate the stock “buy” or higher, 5 “hold” and 7 “sell” or lower; median price target is Rs 86, according to Thomson Reuters Eikon. The stock had fallen 11.9 percent this year as of last close.

Aug 31, 2018 3:23 PM

PNB shares gain 3.35 percent, Nifty Bank trades weak##PNB shares gain 3.35 percent, Nifty Bank trades weak

Shares of Punjab National Bank surged 3.35 percent to trade at Rs 87.95. The public sector bank's managing director (MD) Sunil Mehta becomes the chairman of the Indian Banking Association. The stock opened at Rs 84.50 and has ranged between a high of Rs 88.40 and Rs 83.65 in intra-day trade so far. Nifty Bank traded weak, but maintained to stay above 28,000 mark. As many as 7 stocks advanced on the sectoral indice, against 5 declines.

Aug 31, 2018 3:13 PM

Coffee Day hits 1-month high backed by robust volumes##Coffee Day hits 1-month high backed by robust volumes

Shares of Coffee Day Enterprises rose over 9% to a one-month high of Rs 285.80 backed by robust volumes. 1.2 million shares of the company have changed hands on NSE, much higher than the six-month daily average of 332,387 shares. At 2.50 pm, shares of the company were up 6.6 percent at Rs 278.95. (Cogencis)

Aug 31, 2018 3:07 PM

European shares fall on renewed fear of trade conflict##European shares fall on renewed fear of trade conflict

European shares fell for a second day on Friday on reports that US president Donald Trump is planning more tariffs on China, while Whitbread surged after clinching a $5.1 billion deal with Coca-Cola. The pan-European STOXX 600 dropped 0.5 percent by 0833 GMT, on track for its biggest decline in a fortnight. Germany's DAX, heavier in trade-sensitive industrial stocks, fell 1 percent. (Reuters)

Aug 31, 2018 2:57 PM

Nifty IT surges 1.74%, 9 stocks advance against 1 decline##Nifty IT surges 1.74%, 9 stocks advance against 1 decline

Aug 31, 2018 2:50 PM

KEC International shares rise after new orders worth Rs 1,010 crore##KEC International shares rise after new orders worth Rs 1,010 crore

KEC International shares traded at Rs 304.50, up by 0.73 percent at 2.40 pm, after reports that the company secured new orders worth Rs 1,010 crore. The stock opened at Rs 302.20 and traded between a high of Rs 308.60 and a low of Rs 298.60. Meanwhile, the BSE Sensex traded weak at 38,623.32, down by 67 points, or 0.17 percent. The NSE Nifty 50 also traded lower by 12.45 points, or 0.11 percent, to trade at 11,660.

Aug 31, 2018 2:43 PM

Lupin Global receives USFDA approval for generic Potassium Chloride Oral Solution##Lupin Global receives USFDA approval for generic Potassium Chloride Oral Solution

Aug 31, 2018 2:37 PM

Wipro hits 7-month high; chart suggests further upside##Wipro hits 7-month high; chart suggests further upside

Shares of Wipro Ltd gain as much as 2.53 percent to Rs 306.5, their highest since February 1. Stock breaks above a resistance at Rs 303.15, the 38.2 percent Fibonacci projection level of the uptrend from November 9, 2016 low to January 16, 2018 high. Breakout suggests the 38.2 percent level will now act as a support, while stock may move towards the next resistance at Rs 318.45, the 50 percent level. Trend intensity (TI) indicator rises to 33, suggesting the stock is in a strong uptrend, MACD is also positive and above its signal line. Stock up 9.45 percent in the last one month as of Thursday’s close, compared with a 3.16 percent gain for the broader NSE Index. (Reuters)

Aug 31, 2018 1:54 PM

JB Chem board approves buyback of 33.3 lakh shares at Rs 390/share##JB Chem board approves buyback of 33.3 lakh shares at Rs 390/share

Aug 31, 2018 1:38 PM

Vedanta shares fall after iron ore royalty-related notice##Vedanta shares fall after iron ore royalty-related notice

Shares of Vedanta fell marginally by 0.13 percent to Rs 229.50 on the BSE at 1.30 pm after the mining giant gets notice for reconciliation of royalty on iron ore. Vedanta says is cooperating with the office of Director of Mines & Geology with respect to notice. The stock has traded in a range of Rs 230 and Rs 224.10, after opening at Rs 229.70.

Aug 31, 2018 1:32 PM

Market update: Sensex down by 121 points, Nifty holds 11,650##Market update: Sensex down by 121 points, Nifty holds 11,650

The BSE Sensex traded at 38,568.98, down by 121 points, or 0.31 percent, while the NSE Nifty 50 was at 11,652.55, lower by 24.25 points, or 0.21 percent. Shares of Sun Pharma, Wipro, L&T, NTPC, IndusInd Bank, Lupin, Tech Mahindra, HCL Technologies, Dr Reddy's Labs rose by up to 3.73 percent, while Yes Bank, Reliance, M&M, Vedanta, Tata Steel, Bajaj Finance, Zee Entertainment fell by up to 6.26 percent. Midcaps were under pressure, trading below flatline. Sectoral indices on the NSE were mostly lower, except Pharma, IT and FMCG which traded higher by 2.28 percent, 1.47 percent and 0.08 percent, respectively. Bank indices were in the red with Nifty Bank lower by 0.44 percent, PSU Bank down by 0.85 percent and PVT Bank over half a percent loss.

Aug 31, 2018 1:03 PM

Market update: Sensex, Nifty trade lower, metal, energy, banks under pressure##Market update: Sensex, Nifty trade lower, metal, energy, banks under pressure

At 11.35 am, the BSE Sensex traded at 38,585, down by 105 points, or 0.27 percent, the NSE Nifty 50 traded at 11,652, lower by 25 points, or 0.21 percent.

Aug 31, 2018 11:40 AM

HUL, P&G, Jyothy Labs set to hike prices of detergents##HUL, P&G, Jyothy Labs set to hike prices of detergents

Aug 31, 2018 11:12 AM

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