Titan hits intra-day record high, crosses Rs 1,000 per share for the first time##Titan hits intra-day record high, crosses Rs 1,000 per share for the first time

Jan 31, 2019 4:06 PM

Closing Bell: Sensex gains 665 points, Nifty up by 179 points, MidCaps underperform##Closing Bell: Sensex gains 665 points, Nifty up by 179 points, MidCaps underperform

The Sensex surged 665 points, or 1.87 percent, to end Thursday's trade at 36,256, while the Nifty added 179 points, or 1.68 percent, to settle at 10,831. The Nifty MidCap was up by 0.67 percent, lagging behind frontline indices. The Bank Nifty jumped 1.75 percent as HDFC Bank, SBI, Axis Bank, Kotak Bank surged. Among shares, Axis Bank, Tata Motors, GAIL, Infosys, Titan, Kotak Mahindra and HDFC Bank surged between 2 and 5 percent. Shares of Yes Bank, Bajaj Finserv, Zee Entertainment, HCL Technologies, Indiabulls Housing Finance, Coal India and ICICI Bank slipped between 0.4 percent and 3 percent.

Jan 31, 2019 3:40 PM

Market update: Sensex gains over 650 points, Nifty gains 180 points##Market update: Sensex gains over 650 points, Nifty gains 180 points

The Sensex surged by more than 650 points, or 1.86 percent, to trade at 36,253 ahead of the expiry. The Nifty traded with gains of 182 points, or 1.71 percent, to 10,834 at 3.17 pm. The Nifty MidCap index surged only 0.66 percent and the BSE MidCap was up 0.45 percent.

Jan 31, 2019 3:20 PM

Jet Airways hits 1-month low on concerns over sustainability of operations##Jet Airways hits 1-month low on concerns over sustainability of operations

Shares of Jet Airways hit a one-month low today after reports said that over 10 flights of the airline were canceled on Wednesday, just a day after four of its aircraft were grounded. This led to worries over sustainability of the business. NDTV reported, quoting sources, that interim grounding of four aircraft had led to 19 flight cancellations on Tuesday. Speculation was that the aircraft may have been grounded for non-payment of dues to lessors and lack of spares. However, the airline cited operational and fleet maintenance as reasons for the same. Shares of Jet Airways were down 2 percent at Rs 237.50. (Cogencis)

Jan 31, 2019 2:48 PM

Dabur reports consolidated net profit at Rs 366 crore Vs CNBC-TV18 poll of Rs 357 crore##Dabur reports consolidated net profit at Rs 366 crore Vs CNBC-TV18 poll of Rs 357 crore

Jan 31, 2019 2:46 PM

Market update: Sensex jumps almost 600 points, Nifty above 10,800##Market update: Sensex jumps almost 600 points, Nifty above 10,800

The Sensex was up by 597 points, or 1.68 percent, to 36,188 at 1.45 pm. The Nifty was trading at 10,804, higher by 153 points, or 1.43 percent. Broader markets underperformed wit the Nifty MidCap up by just 0.31 percent and the BSE MidCap higher by 0.20 percent. Only Nifty Media declined more than a percent among 43 sectoral indexes, while IT, energy, teck and oil & gas counters surged. Among shares, Infosys, GAIL, Tech Mahindra, Kotak Mahindra, Axis Bank, Reliance and HDFC surged between 2 and 4 percent. Zee Entertainment, Bajaj Finserv, HCL Technologies, ICICI Bank, Adani Ports, Yes Bank, Hero MotoCorp and Bajaj Finance, declined between half a percent and 4 percent.

Jan 31, 2019 1:52 PM

Dabur India Q3 results today: Here are the key things to watch out for##Dabur India Q3 results today: Here are the key things to watch out for

Dabur India is set to announce its quarterly earnings on Thursday. The company has a high share of revenue coming in from the rural market. Here are the key things to watch out for

Jan 31, 2019 1:05 PM

Govt plans big push on poverty alleviation front in run-up to polls & beyond: Sources##Govt plans big push on poverty alleviation front in run-up to polls & beyond: Sources

Jan 31, 2019 12:42 PM

Cholamandalam surges 4% on dividend payment##Cholamandalam surges 4% on dividend payment

Cholamandalam Investment and Finance Company has surged 4% intraday as it has fixed February 11, 2019 as the Record Date for the purpose of Payment of Interim Dividend. Shares quoted at Rs 1,170, up by 3.42 percent on the NSE at 12.35 pm.

Jan 31, 2019 12:35 PM

Indiabulls Housing Finance reports 14% fall in consolidated net profit, Sensex, Nifty extend gains##Indiabulls Housing Finance reports 14% fall in consolidated net profit, Sensex, Nifty extend gains

Indiabulls Housing Finance reported a 13.72 percent fall in consolidated net profit at Rs 985.51 crore for December 2018 quarter. The company had posted a net profit of Rs 1,142.32 crore in the corresponding quarter of the previous fiscal. Total income grew 7.20 percent to Rs 4,480.21 crore during the quarter under review from Rs 4,179.01 crore in the year-ago period. Shares quoted at Rs 658, down by 2.21 percent on the NSE at 12.17 pm. Benchmark indices, meanwhile, extended gains with the Nifty rising 101 points to 10,753. The Sensex surged 408 points to 35,999.

Jan 31, 2019 12:18 PM

Indiabulls Housing Fin Q3 gross NPA stands at 0.79% against 0.77% & net NPA at 0.59% against 0.58% (QoQ)##Indiabulls Housing Fin Q3 gross NPA stands at 0.79% against 0.77% & net NPA at 0.59% against 0.58% (QoQ)

Jan 31, 2019 11:56 AM

Market likely to be rangebound until general elections, says Kotak MF’s Harsha Upadhyaya##Market likely to be rangebound until general elections, says Kotak MF’s Harsha Upadhyaya

The market is likely to be rangebound until general elections, said Harsha Upadhyaya, CIO-Equity at Kotak MF, adding that the auto sector will continue to underperform in the near-term.

"Volume growth for most segments of auto companies has been subdued," he said.

Read full report here

Jan 31, 2019 11:45 AM

Budget 2019: 25 stocks that brokerages are betting on to play the event##Budget 2019: 25 stocks that brokerages are betting on to play the event

Here is a list of stocks from various brokerage firms and the stocks which are likely to benefit from the likely announcements.

Read full report here

Jan 31, 2019 11:20 AM

ICICI Bank shares rise over 3 percent on Q3 earnings, Chanda Kochhar sacking##ICICI Bank shares rise over 3 percent on Q3 earnings, Chanda Kochhar sacking

ICICI Bank shares rose over 3 percent after the bank terminated MD and CEO Chanda Kochhar as an independent probe indicted Kochhar for violating various regulations in the Videocon loan case.

Read full report here

Jan 31, 2019 11:00 AM

DHFL slumps 17% after government launches probe##DHFL slumps 17% after government launches probe

Shares of Indian home loan provider Dewan Housing Finance Corp Ltd slumped 17 percent in early trade on Thursday, with sources saying the Indian government has launched a probe into allegations of financial mismanagement against the company. Ministry of Corporate Affairs will look into allegations against Dewan following a report by investigative media outlet Cobrapost, two government sources with direct knowledge of the matter told Reuters on Wednesday. The sources said on Thursday the probe has been launched. The secretary of the ministry of corporate affairs did not immediately respond to an email seeking comment. Cobrapost said on Tuesday Dewan diverted funds to shell companies to buy assets, and that firms linked to Dewan's controlling shareholders - the Wadhawan group - made political donations beyond mandated levels. Dewan, one of India's largest housing finance companies, did not respond to a Reuters request for comment after the government initiated the probe. Earlier on Tuesday, it said the Cobrapost report was unfounded and malicious and that it had engaged lawyers to defend itself. Dewan's shares fell for the fourth straight day on Thursday, falling 17 percent to Rs 134. It was the most heavily traded stock on India's National Stock exchange in early trade. (Reuters)

Jan 31, 2019 10:46 AM

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