Vedanta was the top drag among Sensex laggard, Infosys top gainer##Vedanta was the top drag among Sensex laggard, Infosys top gainer

Aug 13, 2018 3:48 PM

Closing Bell: Sensex ends 225 points lower, Nifty 50 down by 0.65%##Closing Bell: Sensex ends 225 points lower, Nifty 50 down by 0.65%

The BSE Sensex ended lower by nearly 225 points or by 0.6 percent to 37,665, while the NSE Nifty 50 ended lower by 74 points, or 0.65 percent to 11,356. Bank Nifty ended lower by 1.17 percent, while midcaps slipped by 0.65 percent. Bank Nifty ended lower by 1.17 percent, while midcaps slipped by 0.65 percent. Bank and metal stocks in particular weighed on benchmark indexes with the Nifty Bank ending sharply lower by 1.17 percent. Only three Nifty Bank stocks ended in the green, with the IndusInd Bank emerging as the top gainer on sectoral index. PSU Bank extended losses by 3.22 percent. Nifty Media was also down by nearly 3 percent. Shares of Vedanta, SBI, Yes Bank, Axis Bank, ONGC, BPCL, HPCL, Idea Cellular fell on indexes. Infosys, Sun Pharma, Wipro, M&M, Coal India, Gail, Tech Mahindra, HCL Tech, surged on indexes.

Aug 13, 2018 3:33 PM

Rupee hits fresh low, falls to 69.84 against the US dollar##Rupee hits fresh low, falls to 69.84 against the US dollar

Aug 13, 2018 3:16 PM

Sun TV Network shares dip nearly 7.5%##Sun TV Network shares dip nearly 7.5%

Shares of Sun TV dived nearly 7.5 percent on Monday despite the media and entertainment company reporting a higher profit in the June quarter. The shares traded at Rs 766.95, down 7.31 percent on the BSE at 2.43 pm. The company reported a near 63 percent rise in net profit to Rs 409.14 crore for the quarter ended June 30.

Aug 13, 2018 3:14 PM

PSU Bank down nearly 4%, Allahabad Bank falls over 5%##PSU Bank down nearly 4%, Allahabad Bank falls over 5%

Aug 13, 2018 3:10 PM

Cadila Healthcare down by over 5.5%##Cadila Healthcare down by over 5.5%

Shares of Cadila Healthcare were down by 5.64 percent to Rs 355.25, losing Rs 21.25 in value on the BSE at 3.04 pm. The pharma company has announced that it will acquire 51 percent stake in windlass health for Rs 155.5 crore. Meanwhile, the Sensex fell over 215 points, or 0.57 percent, to 37,653.42 at 3.06 pm. The NSE Nifty 50 was trading at 11,353.50, lower by 76 points, 0.66 percent.

Aug 13, 2018 3:08 PM

Dr Reddy's Labs shares rise nearly a percent##Dr Reddy's Labs shares rise nearly a percent

Shares of Dr Reddy's Labs were trading at Rs 2236, up nearly a percent, or by Rs 21.75 on the BSE at 2.55 pm. The pharma company has filed for Doxorubicin Injection in Europe, in partnership with Natco Pharma. Doxorubicin had US sales of $130.5 million in Europe as of December 31. Shares of Natco Pharma, however, were trading lower by 1.52 percent at Rs 766.30 on the BSE.

Aug 13, 2018 2:58 PM

Cadila Health Q1 net profit at Rs 460.5 crore##Cadila Health Q1 net profit at Rs 460.5 crore

Aug 13, 2018 2:54 PM

Market update: Sensex, Nifty pare losses, Nifty Bank lower by over 1%##Market update: Sensex, Nifty pare losses, Nifty Bank by over 1%

Equity indexes pared some losses on Monday in early afternoon trade, but continue to trade under pressure. The BSE Sensex traded lower by nearly 150 points, or 0.39 percent, to 37,719, while the Nifty 50 was down by 49 points, or 0.43 percent, to 11,380. Bank stocks still weigh on indexes with Nifty Bank down by 1.15 percent. Nifty PSU Bank was also lower by 2.07 percent. Nifty IT and Nifty Pharma traded higher by over a percent.

Aug 13, 2018 2:25 PM

Jet Airways plans stake sale in its frequent flier programme Jet Privilege##Jet Airways plans stake sale in its frequent flier programme Jet Privilege

Aug 13, 2018 1:51 PM

Jet Airways' shares up by over 2% on stake sale reports##Jet Airways' shares up by over 2% on stake sale reports

Jet Airways' shares were trading at Rs 282.05, rising by 2.04 percent, or by Rs 5.65 on the BSE, after reports of the aviation company aiming to sell $400 million stake to private equity firms. Besides raising capital from investors, the cash-strapped airline is also trying to leverage its frequent-flyer programme, co-owned by partner Etihad Airways, CNBC-TV18 reported. The joint-venture is valued at $1.1 billion (Rs 7,601 crore).

Aug 13, 2018 1:45 PM

Andhra Bank slides on June-quarter loss##Andhra Bank slides on June-quarter loss

Shares of Andhra Bank touch lowest in over 2 weeks, fall as much as 4.85 percent to Rs 32.40. The company posted loss of Rs 5.40 billion ($77.75 million) in June quarter, compared with profit of Rs 404.2 million year ago. Provisions and contingencies jumped to Rs 17.08 billion from Rs 13.01 billion. Up to last close, stock had fallen 41 percent this year. (Reuters)

Shares of Andhra Bank at Rs 44.20, down by 1.34 percent on the NSE at 1.40 pm. The stock was the biggest drag on the Nifty PSU Bank which traded lower by 1.26 percent.

Aug 13, 2018 1:41 PM

European markets open lower amid global equity rout##European markets open lower amid global equity rout

Aug 13, 2018 1:04 PM

Market update: Sensex, Nifty trade weak, but off from day's low##Market update: Sensex, Nifty trade weak, but off from day's low

Indian equity markets are off from the day's low point, with both benchmark indexes, the BSE Sensex and the NSE Nifty 50, cutting losses in early afternoon trade. The Sensex was trading at 37,744.50, still down by 125 points, or 0.33 percent, while the Nifty 50 was testing the 11,400 mark, trading at 11,393.30, lower by 36 points, or 0.32 percent. Metal and bank stocks pulled indexes lower, particulalry HDFC twins along with Vedanta, SBI, Yes Bank. Reliance recovered from the day's low and was trading lower by just 0.38 percent. Midcaps are still in the red, while the Nifty Bank is lower by nearly a percent.

Aug 13, 2018 12:59 PM

United Breweries hits over 7-week high on strong quarterly results##United Breweries hits over 7-week high on strong quarterly results

United Breweries Ltd (UBL) surges as much as 6.9 percent to Rs 1,288 to its highest since June 22. The company, which manufactures and sells ‘Kingfisher’ and other beer brands, posted over 37 percent rise in quarterly profit. UBL’s Q1 numbers were above estimates on profitability front and in line with estimates on revenues front, said ICICI Securities. UBL recorded a volume growth of 12 percent compared with industry growth of 9 percent, ICICI Securities said, adding growth was also favourable on account of channel filling in Uttar Pradesh due to changes in Route to Market which led to granting of large number of new wholesale licenses. Favourable demographics, rising disposable income and low per-capita beer consumption continues to weigh positively for the segment, said ICICI Securities. UBL stock is up 11.7 percent this year as of last close. The stock is up for fourth straight session with more than 1.5 million shares traded vs 30-day average of 567,446 shares. (Reuters)

Shares traded at Rs 1,279.70, jumping 6.22 percent, or by Rs 74.95 on the NSE at 12.43 pm.

Aug 13, 2018 12:42 PM

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