Nifty Bank ends off highs, but manages to post record close; closes above 30,000 for the 1st time ever##Nifty Bank ends off highs,but manages to post record close; closes above 30,000 for the first time ever

Mar 27, 2019 3:55 PM

Nifty Auto index fell nearly 1% dragged by Tata Motors, Eicher Motors##Nifty Auto index fell nearly 1% dragged by Tata Motors, Eicher Motors

Mar 27, 2019 3:40 PM

Sectoral Trend: Banking indices outperform, auto, pharma drag##Sectoral Trend: Banking indices outperform, auto, pharma drag

Mar 27, 2019 3:39 PM

Top Nifty gainers and losers: Yes Bank surges 6%, HPCL down 3%##Top Nifty gainers and losers: Yes Bank surges 6%, HPCL down 3%

Mar 27, 2019 3:38 PM

Closing Bell: Sensex ends lower, down 343 points from day's high, Nifty below 11,450##Closing Bell: Sensex ends lower, down 343 points from day's high, Nifty below 11,450

The Indian markets were pared gains to end lower with Nifty below 11,450, on profit booking, ahead of March F&O expiry. The Sensex ended 343 points lower from day's high, while the Nifty50 declined 101 points from its day's high. The gains in banking stocks were capped by losses in the pharma and auto space.

The S&P BSE Sensex settled at 38,132, down 100 points, while the broader NSE Nifty50 was ruling at 11,445, falling 38 points. Meanwhile, broader markets outperformed frontline indices with the Nifty MidCap rising 0.5 percent and the Nifty Smallcap advancing 1.2 percent.

Yes Bank, IndusInd Bank, Indiabulls Housing Finance, JSW Steel, and SBI were top gainers on Nifty50, while HPCL, NTPC, Tata Motors, Eicher Motors, and Bharti Airtel fell the most.

Nifty Bank hit record high in intra-day trade but later pared gains to end 0.4 percent higher. Yes Bank, IndusInd Bank, RBL Bank, SBI and PNB from the index were up in the range of 1-6 percent. Nifty Media, Nifty Fin Services, and Nifty Metal indices also gained during the day.

Nifty Auto fell was one of the worst performing sectors on the index, down nearly 1 percent, dragged by Tata Motors, Eicher Motors, M&M and HeroMoto Corp.

Mar 27, 2019 3:35 PM

ED says banks realised NPA of Rs 1,008 crore by sale of Vijay Mallya's United Breweries shares##ED says banks realisedNPA of Rs 1,008 crore by sale of Vijay Mallya's United Breweries shares

ED said that banks realised non-performing assets of Rs 1,008 crore by sale of Vijay Mallya's United Breweries shares. "Proactive steps taken by ED in timely freezing the shares of UBHL held by Vijay Mallya and requesting courts to allow sale of these shares have resulted in realization of NPA of Rs. 1008 crore by consortium of banks led by SBI on 27.03.2019," ED tweeted.

Mar 27, 2019 3:22 PM

India a positive growth engine for the global parent, says Procter & Gamble's Madhusudan Gopalan

FMCG major Procter & Gamble's (P&G) new managing director and chief executive officer Madhusudan Gopalan said India has become a positive growth engine for the global parent over the last two quarters.Get latest Business online at cnbctv18.com

Mar 27, 2019 3:11 PM

Jet Airways board meeting likely soon to approve New Chairman: Sources##Jet Airways board meeting likely soon to approve New Chairman: Sources

Mar 27, 2019 2:57 PM

Asian shares steady as investors weigh US recession risk##Global Check: Asian shares steady as investors weigh US recession risk

Asian shares held steady on Wednesday as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world’s top economy. Financial spread-betters expect London’s FTSE Frankfurt’s DAX and Paris’s CAC to gain between 0.2 and 0.4 percent when they open.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, while Japan’s Nikkei average lost 0.2 percent. Chinese stocks outperformed their Asian peers on expectations that Beijing would roll out more measures to support growth after data showed industrial profits shrank the most since late 2011. The mainland’s benchmark Shanghai Composite rose 0.5 percent, the blue-chip CSI 300 climbed 0.8 percent, and Hong Kong’s Hang Seng advanced 0.6 percent.

Mar 27, 2019 2:42 PM

Adequate room for RBI to cut interest rates, says Neelkanth Mishra of Credit Suisse##Adequate room for RBI to cut interest rates, says Neelkanth Mishra of Credit Suisse

Neelkanth Mishra, India equity strategist & MD at Credit Suisse, spoke to CNBC-TV18 about the growth slowdown and policy expectations. According to Mishra, money supply to GDP growth has lagged for almost two years now and the solution to the problem of low liquidity would be rate cuts but minor cuts may not work. “Even if inflation rebounds to 3.5 percent, there is still adequate room for rate cuts to happen,” Mishra said on Wednesday. READ MORE

Mar 27, 2019 2:27 PM

HAL, Bharat Dynamics rise 7 percent after PM Narendra Modi announces A-SAT mission##HAL, Bharat Dynamics rise 7 percent after PM Narendra Modi announces A-SAT mission

Shares of two defense companies rallied soon after Prime Minister Narendra Modi announced that India has destroyed a low-orbiting satellite in a rare achievement for the country, boosting India's Anti Satellite (ASAT) mission

Shares of Bharat Dynamics and Hindustan Aeronautics rose over 7 percent intraday on the NSE.

PM Modi also described India as a space power as the satellite was orbiting at an altitude of 300 km. Mission Shakti, which was led by the Defence Research and Development Organisation, was aimed at strengthening India's overall security, he said. READ MORE

Mar 27, 2019 2:10 PM

Market erases gains as it slips from day's high##Market erases gains as it slips from day's high

Mar 27, 2019 1:53 PM

Positive catalysts to benefit rupee bonds, but sharp rally in 10-year bonds unlikely##Positive catalysts to benefit rupee bonds, but sharprally in 10-year bonds unlikely

Amix of domestic and external positive catalysts are expected to benefit rupee bonds, but keeping down the long-end of the yield curve might prove a challenge, according to a report by Singapore bank, DBS Group, on March 27.

Global yields have declined in recent weeks, dragged down by the US Federal Reserve's recent dovish pivot. This fall in yields reflect moderating growth expectations in the developed markets, and likely dovish-for-longer central bank policies, the report said.

Portfolio investors have returned to the regional high-yielding debt markets, including rupee bonds; after a two-month hiatus, FPIs bought a net debt of $1.6 billion this month, in addition to $4 billion into equities, wrote DBS Group Research Economist Radhika Rao and FX Strategist Philip Wee in the report. READ MORE

Mar 27, 2019 1:43 PM

Sectoral Trend at this hour: Banking indices surge, pharma in red##Sectoral Trend at this hour: Banking indices surge, pharma in red

Mar 27, 2019 1:27 PM

ICICI Prudential surges 9% on strong OFS response##ICICI Prudential surges 9% on strong OFS response

Shares of ICICI Prudential Life Insurance surged as much as 9 percent on Wednesday after the promoter’s offer-for-sale (OFS) programme garnered strong interest from non-retail investors.

The OFS of ICICI Prudential saw subscription of 3.9 times. Investors bid for 210 million shares against 53.26 million shares on offer, according to the BSE data. Prudential Corporation Holdings had proposed to sell 3.71 percent stake in ICICI Prudential Life Insurance Company at a floor price of Rs 300 per share. READ MORE

Mar 27, 2019 1:11 PM

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