Here's a quick round-up of what happened in the markets today##Here's a quick round-up of what happened in the markets today

-Market erases gains of last two days, posts biggest single-day fall in a month.

-Sensex back below 37,000 and Nifty 11,000 after two trading sessions.

-Nifty Midcap index down 346 points and Nifty Bank 703 points.

-Reliance Industries’ single-day trading volume and gain, biggest in a decade.

-Reliance lifts nifty by nearly 100 points while HDFC Twins, Infosys, ITC drag.

-Reliance Industries adds nearly Rs 70,000 crore to its market cap today.

-Over 80 percent of the Nifty fall is contributed by financials and IT.

-45 of 50 Nifty stocks close with cuts; Yes Bank and Bajaj Fin top losers.

-Yes Bank at fresh 5-year low, down more than 10 percent today.

-Indiabulls Housing Finance posts biggest ever single-day gain and up over 30 percent in 2 sessions.

-Sun Pharma surges nearly 4 percent after reporting better-than-expected earnings.

Aug 13, 2019 3:48 PM

Market erases gains of last two days, posts biggest single-day fall in a month##Market erases gains of last two days, posts biggest single-day fall in a month

Aug 13, 2019 3:42 PM

Closing Bell: Sensex ends over 600 points lower, Nifty holds 10,900, RIL ends 9% up##Closing Bell: Sensex ends over 600 points lower, Nifty holds 10,900, RIL ends 9% up

Indian shares ended lower on Tuesday, dragged lower by banking and auto stocks, as investors remained wary in the absence of an announcement about a government fiscal stimulus package to curb slowdown and rollback of FPI surcharge, ahead of key inflation data. The Sensex ended 624 points down at 36,958, while the broader Nifty50 index lost 184 points to end the day at 10,926. In broader markets, the Nifty Midcap fell 2.2 percent and Nifty Smallcap index tanked 1.6 percent. Indiabulls Housing, Reliance Industries, GAIL, Sun Pharma, and Zee were top gainers on the Nifty50 while YES Bank, Bajaj Finance, M&M, Bajaj Finserv, and Eicher Motors led the losses. All sectoral indices ended with the Nifty Auto index falling the most, down 4 percent, followed by banking indices. Nifty Bank, Nifty PSU Bank, and Nifty Private Bank declined around 2.5 percent each. Nifty IT lost 2.5 percent and Nifty Fin Services slipped 3 percent for the day. Indiabulls Housing Finance surged 14 percent after it received a public apology from law firm Managium Juris LLP for filing a petition against the housing finance company with false and sensational allegations related to the merger with Lakshmi Vilas Bank. Meanwhile, Reliance Industries rose nearly 10 percent, its biggest gain in over a decade, after it also announced a $15 billion sale of a 20 percent stake in its oil-to-chemicals arm to Saudi Aramco and plans to become a zero net debt company in 18 months.

Aug 13, 2019 3:40 PM

Sun Pharma posts Q1 net profit of Rs 1,387.5 crore Vs CNBC-TV18 poll of Rs 1,052.6 crore##Sun Pharma posts Q1 net profit of Rs 1,387.5 crore Vs CNBC-TV18 poll of Rs 1,052.6 crore

Aug 13, 2019 3:21 PM

See huge scope for private sector banks to gain market share, says UR Bhat of Dalton Cap##See huge scope for private sector banks to gain market share, says UR Bhat of Dalton Cap

UR Bhat, director at Dalton Cap Advisors, shared his views on the fundamentals of the market and specific stocks. Bhat expects the market to be range-bound with a negative bias. “There is no good news coming from anywhere. On the trade front, between the US and China, the temperature seems to be going up."

“On the domestic front, there are indications that things will happen, but something needs to be announced and implemented whether it is on the taxation front or on giving a fillip to the industry. All these things are yet to be seen; I think the noises are right, but I think till that happens the market will be circumspect,” Bhat said. READ MORE

Aug 13, 2019 3:09 PM

Rakesh Jhunjhunwala: Feel that India does not have 10% GDP growth rate model as of now##Rakesh Jhunjhunwala: Feel that India does not have 10% GDP growth rate model as of now

Aug 13, 2019 2:48 PM

PVR, Inox voice concerns over RIL's 'first day, first show' plan##PVR, Inox voice concerns over RIL's 'first day, first show' plan

Shares of PVR Cinemas fell over 8 percent to Rs 1,345.25 per share while Inox shares were down 10 percent at Rs 270.95 per share. At 9:40 AM, the broader index Nifty50 index was down 0.45 percent. READ MORE

Aug 13, 2019 2:34 PM

Telecom stocks under pressure post Reliance Jio announcements; Airtel falls 6%, Vodafone Idea tanks 10%##Telecom stocks under pressure post Reliance Jio announcements; Airtel falls 6%, Vodafone Idea tanks 10%

Telecom stocks were under pressure on Tuesday following Reliance Jio announcements. While Bharti Airtel fell as much as 6.6 percent in intraday-deals, Vodafone Idea tanked 10 percent after Mukesh Ambani chalked Jio's future plans at the AGM.

Ambani talked about getting in financial and strategic investors in a few quarters now and a listing in the next five years. The subscriber base has hit 340 million and the company believes that 500 million is well within its grasp. READ MORE

Aug 13, 2019 2:23 PM

Bosch Q1 numbers fall on all fronts on a yearly basis; net profit slips 35% & EBITDA falls 23%##Bosch Q1 numbers fall on all fronts on a yearly basis; net profit slips 35% & EBITDA falls 23%

Aug 13, 2019 2:02 PM

CNBC-TV18 Exclusive: Rakesh Jhunjhunwala says not very happy with the state of stock market##CNBC-TV18 Exclusive: Rakesh Jhunjhunwala says not very happy with the state of stock market

Ace stock market investors Rakesh Jhunjhunwala said he is not very happy with the current state of the market. "Every bank is shy to lend corporates. This reluctance can be overcome by capitalizing banks & flushing the system with liquidity," said Jhunjhunwala in an interview with CNBC-TV18. He said the economic slowdown was accentuated by the ongoing crisis in the non-banking financial companies. READ MORE

Aug 13, 2019 1:52 PM

This Nifty index has jumped 60% in three years and 308% in 10 years##This Nifty index has jumped 60% in three years and 308% in 10 years

If you're looking for a long-term bet then the Nifty Finance index is for you as it has delivered the highest returns amongst all its peers in the last 10 years. In the last three years, Nifty Finance has risen 60.50 percent while in 5 years, the index jumped to 99.14 percent and in 10 years, it gave returns of 308.18 percent. Another sectoral index that rose alongside Nifty Finance is the Nifty FMCG, which saw 342 percent gains in the last 10 years and about 29 percent returns in the last 3 years. READ MORE

Aug 13, 2019 1:48 PM

Sensex down 250 points, Nifty below 11,050 dragged by auto, banks##Sensex down 250 points, Nifty below 11,050 dragged by auto, banks

The BSE Sensex was down 260.11 points, or 0.69 percent, at 37,321.80. The Nifty50 traded 77.10 points, or 0.69 percent, lower at 11,032.55. The Nifty midcap index fell 1.37 percent, while the Smallcap index was down 0.88 percent.

Among the sectoral indices on the NSE, auto fell nearly 2.5 percent followed by financial services and FMCG, which declined nearly 2 percent. IT and banking were down around 1.5 percent. Energy was up over 3 percent led by Reliance Industries, which advanced over 11 percent.

Aug 13, 2019 1:38 PM

JB Chemical Q1 net profit rises 36%, shares traded higher##JB Chemical Q1 net profit rises 36%, shares traded higher

JB Chemical and Pharma reported a 36 percent rise in its net profit to Rs 62 crore for the quarter ended June 30. Shares traded 0.3 percent up at Rs 373.20 per share.

Aug 13, 2019 1:32 PM

1000% in 10 years! These largecap stocks remained safe bets for investors

Despite global concerns and domestic slowdown, largecap stocks have remained safe bets for investors over the years.

Aug 13, 2019 1:07 PM

Law firm issues apology to Indiabulls Housing Finance over false suit, shares jump 14%##Law firm issues apology to Indiabulls Housing Finance over false suit, shares jump 14%

Indiabulls Housing Finance on Tuesday received a public apology from law firm Managium Juris LLP for filing a petition against the housing finance company with false and sensational allegations related to the merger with Lakshmi Vilas Bank.

In the press release, Managium Juris said, “We came across a public disclosure made by Indiabulls Housing Finance Ltd regarding their plans to merge with Lakshmi Vilas Bank. Sensing this as a delicate and critical phase for the company and therefore an opportunity for the clients to exert pressure and with a view to sensationalize the matter certain scathing allegations were made by them in the petition involving huge numbers against the company and its officials.” READ MORE

Aug 13, 2019 12:59 PM

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