Sharp recovery seen in Jet Airways##Sharp recovery seen in Jet Airways

May 2, 2019 3:45 PM

Sectoral Trend: IT, pharma indices fall the most##Sectoral Trend: IT, pharma indices fall the most

May 2, 2019 3:44 PM

Top Nifty gainers and losers of the day##Top Nifty gainers and losers of the day

May 2, 2019 3:40 PM

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

Indian shares ended flat with a negative bias on Thursday dragged by IT, pharma and FMCG stocks. Negative sentiment in Asian markets and caution amid March-quarter earnings season also capped gains. The BSE Sensex settled at 38,981, down 50 points, while the broader NSE Nifty50 ended at 11,725, falling 23 points. Nifty Midcap under-performed benchmark indices, falling 0.7 percent, while the Nifty Smallcap was flat for the day. Bharti Infratel, YES Bank, PowerGrid, Hero Moto Corp, and HDFC Bank were the top gainers on the Nifty, while Britannia, ZEE, Tata Motors, IndusInd Bank, and ICICI Bank fell the most on the index. Financials accounted for nearly one-third of the gains on the NSE Nifty. Yes Bank, Kotak Bank, PNB and HDFC Bank gained between 1.4 to 3.6 percent during the day. Meanwhile, IT firms Infosys and TCS slipped over 2 percent each. Nifty IT index fell over 1.5 percent during the day.

May 2, 2019 3:38 PM

Sensex to hit 42,000 by end of 2019, says BNP Paribas

BNP Paribas recently came out with a report which talks about disruption and what would be its India strategy from a 2025 perspective.

May 2, 2019 3:23 PM

Bajaj Auto total vehicle sales up 2% in April##Bajaj Auto total vehicle sales up 2% in April

Bajaj Auto’s total vehicle sales rose 2 percent in April to 423,315 units supported by highest ever exports of motorcycles, offsetting a 13 percent fall in commercial vehicle sales, the company said on Thursday. In April 2018, total vehicle sales stood at 415,168 units.

Total domestic vehicle sales inched up 1 percent to 232,104 units in April, compared to 229,464 units last year. Total April exports rose 3 percent to 191,211 units as against 185,704 units in the same month a year ago, said Bajaj Auto. READ MORE

May 2, 2019 3:07 PM

India remains our top market in Asia ex-Japan, says Daiwa Capital's Paul Kitney

The US Federal Reserve on Wednesday held interest rates steady and signalled little appetite to adjust them any time soon.

May 2, 2019 2:50 PM

SBICAP Securities expects recovery in auto demand post elections##SBICAP Securities expects recovery in auto demand post elections

SBICAP Securities on Thursday said for the last six months demand in the auto sector was weak and it expects the market will recover after Lok Sabha Elections.

"Demand weakness has been there in the market for the last 6 months and even in April, we had anticipated a decline of 10 percent in case of Maruti and also for the overall industry as well," said Chirag Jain, auto analyst, SBICAP Securities.

“However, the decline has been much higher than what we had estimated and this is same for the industry as well,” he added.READ MORE

May 2, 2019 2:34 PM

Dabur slips nearly 4% on poor Q4 results##Dabur slips nearly 4% on poor Q4 results

Dabur slipped nearly 4 percent after the company missed all estimates in Q4. Dabur Q4 net profit declines more than 6% on a yearly basis, revenue sees growth of nearly 5% (YoY).

May 2, 2019 2:18 PM

Dabur Q4 numbers misses CNBC-TV18 estimates on all fronts##Dabur Q4 numbers misses CNBC-TV18 estimates on all fronts

May 2, 2019 2:10 PM

Mahindra and Mahindra auto sales skid in April owing to general elections##Mahindra and Mahindra auto sales skid in April owing to general elections

Mahindra and Mahindra (M&M) on Thursday reported a 9 percent drop in April auto sales, hurt by subdued purchase sentiment amid the ongoing general elections. M&M's total vehicle sales fell 9 percent to 43,721 unit in April 2019, compared to 48,097 units in the same period last year, the company said in a statement. Total exports declined 26 percent to 2,118 vehicles last month versus a year ago. READ MORE

May 2, 2019 1:53 PM

CARE Ratings revises its stance on Indiabulls Housing on Lakshmi Vilas Bank merger announcement##CARE Ratings revises its stance on Indiabulls Housing on Lakshmi Vilas Bank merger announcement

May 2, 2019 1:37 PM

Brokerages remain bullish on Kotak Mahindra Bank after Q4 results##Brokerages remain bullish on Kotak Mahindra Bank after Q4 results

Kotak Mahindra Bank posted strong quarterly earnings on Tuesday, with an increase of 25 percent in net profit and an 18 percent hike in net interest income for the quarter ended March 31.

Most brokerages remained bullish on the stock due to the bank's strong CASA ratio (Current Account Savings Account), high insurance margin, modest retail loan growth, lower provisions and improving asset quality.They also believe that the results were in-line with the expectations, and the Bank has continued to report strong results despite challenging environment in the banking and financials sector. READ MORE

May 2, 2019 1:21 PM

Dabur India Q4 results today: What you should watch out for##Dabur India Q4 results today: What you should watch out for

Dabur India will report its fourth-quarter earnings on Thursday and analysts expect the consumer products maker to post subdued results this quarter. The earnings expectations are likely to be subdued for a couple of reasons: Firstly, there was rural slowdown which led to sluggish demand.

Secondly, there were liquidity conditions or liquidity squeeze conditions which affected the wholesale channel as well as the dealer channel. The street is working with revenue growth of just about 8-8.5 percent. On the topline, we are working with a number of around Rs 2,200 crore odd. READ MORE

May 2, 2019 1:05 PM

Bandhan Bank surges as asset quality improves##Bandhan Bank surges as asset quality improves

May 2, 2019 12:49 PM

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