Sensex heatmap at close: Tata Steel gains over 5%, Yes Bank dips nearly 5%##Sensex heatmap at close: Tata Steel gains over 5%, Yes Bank dips nearly 5%

Jun 19, 2019 3:41 PM

Closing Bell: Sensex, Nifty end flat, ZEEL, Tata Steel up 5%##Closing Bell: Sensex, Nifty end flat, ZEEL, Tata Steel up 5%

The BSE Sensex finished higher, while Nifty ended flat in the red after volatile last hour of trade. At close, the Sensex was up 66.40 points at 39,112.74, while Nifty ended flat at 11,691.50. The Nifty MidCap ended over a percent lower. Indiabulls Housing, Yes Bank, UPL, Adani Ports and Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee Entertainment, Kotak Mahindra Bank, NTPC and Titan Company. Among the sectors, except metal and FMCG all other indices ended in the red led by pharma, infra, IT and auto.

Jun 19, 2019 3:39 PM

Why Motilal Oswal expects big upside in OMC stocks

Indian Oil Corporation (IOCL) is the top pick among the oil marketing companies (OMCs) for Motilal Oswal.

Jun 19, 2019 3:26 PM

Jain Irrigation Systems slumps 26% after rating downgrade##Jain Irrigation Systems slumps 26% after rating downgrade

Shares of Jain Irrigation Systems tanked over 26 percent to a 52-week low on Wednesday after India Ratings and Research downgraded the company's Long-Term Issuer Rating to ‘IND BBB’ from ‘IND A-’. READ MORE

Jun 19, 2019 3:18 PM

These NSE stocks hit their 52-week highs and lows on June 19

Markets consolidated gains in the afternoon session on Wednesday aided by positive sentiment in global markets over expectation of dovish US Federal Reserve monetary policy outlook.

Jun 19, 2019 3:13 PM

IRB Infrastruture shares fall 14% on reports of NHAI exploring new developer##IRB Infrastruture shares fall 14% on reports of NHAI exploring new developer

Shares of IRB Infrastructure Developers plunged 14 percent intra-day on Wednesday over a media report indicating that National Highways Authority of India (NHAI) is exploring a new developer for Mumbai-Pune Express Highway. READ MORE

Jun 19, 2019 3:01 PM

This stock turned Rs 1 lakh investment into Rs 5.7 lakh in 5 years

Shares of Manappuram Finance have given robust returns, rising 471 percent in the last 5 years. The stock, which was trading around Rs 31 per share in 2014, has risen to around Rs 140.

Jun 19, 2019 2:53 PM

Markets extend losses as Sensex drops below 39,000, Nifty around 11,650##Markets extend losses as Sensex drops below 39,000, Nifty around 11,650

Jun 19, 2019 2:48 PM

NCLT to hear SBI's insolvency plea against Jet Airways on June 20##NCLT to hear SBI's insolvency plea against Jet Airways on June 20

The National Company Law Tribunal (NCLT) will hear the insolvency petition against Jet Airways filed by a consortium of lenders led by State Bank of India on June 20 under Section 7.

The lenders had filed the plea on June 18 and appointed Ashish Chhawchharia, head of restructuring services at Grant Thornton, as the resolution professional for Jet Airways, CNBC-TV18 reported, citing sources. READ MORE

Jun 19, 2019 2:20 PM

Total promoter pledge valuation of these ten companies touches Rs 1 lakh crore##Total promoter pledge valuation of these ten companies touches Rs 1 lakh crore

Pledged shares are those against which promoters in need of capital take loans from banks and NBFCs. Currently, promoters of 827 out of 4,565 companies listed on BSE have pledged shares. The total value of the shares pledged by promoters stands at Rs 2.1 lakh crore. Of this, shares worth Rs 1 lakh crore are pledged by just ten companies. These firms include Adani Ports, TCS, JSW Steel, Adani Transmission, Asian Paints, Zee Entertainment, Sun Pharma, Future Retail and Apollo Hospitals. READ MORE

Jun 19, 2019 2:08 PM

PNB Housing down 9% after PNB debt rating downgraded##PNB Housing down 9% after PNB debt rating downgraded

Shares of PNB Housing Finance fell nearly 9 percent to a one-month low of Rs 717 today as a downgrade in parent Punjab National Bank's debt rating weighed on the stock. Shares of PNB Housing Finance dropped almost 5 percent, quoting at Rs 749.70 at 1.53 pm. The benchmark Nifty was up just 16 points at Rs 11,707.40. The Sensex traded higher by 105 points at 39,151.

Jun 19, 2019 1:43 PM

Here is what you need to know about how Libra, Facebook's new cryptocurrency, will work

Facebook is unveiling a digital currency called Libra as the company seeks to make its ads more valuable by enabling smoother transactions and payments online, particularly among those without credit cards or bank accounts.

Jun 19, 2019 12:59 PM

China retains anti-dumping tariffs on US distillers grains ahead of Trump-Xi talks##China retains anti-dumping tariffs on US distillers grains ahead of Trump-Xi talks

China’s Ministry of Commerce said on Wednesday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGs), a by-product of ethanol production used in animal feed, after closing a review launched in April. In a statement the ministry cited potential damage to domestic producers in its decision to retain anti-dumping duties of 42.2 percent-53.7 percent and anti-subsidy tariffs of 11.2 percent-12 percent on DDGS products from the United States. “U.S. DDGs products might re-enter Chinese market in large volume, and hit the domestic sector, if anti-dumping and anti-subsidy tariffs on the product were terminated,” the commerce ministry said in the statement on its website. Beijing launched the review amid trade talks between Beijing and Washington aimed at ending the prolonged China-United States trade war that has roiled global markets.

Jun 19, 2019 12:53 PM

HCL Tech signs multi-year deal with Cricket Australia, shares down##HCL Tech signs multi-year deal with Cricket Australia, shares down

IT services major HCL Technologies Wednesday said it has signed a multi-year deal with Cricket Australia (CA) to deliver digital experiences to fans, players and employees. The financial details of the deal were not disclosed. Shares quoted at Rs 1,080.40, down by 0.84 percent.

Jun 19, 2019 12:46 PM

PNB falls as India Ratings downgrades tier-I bonds##PNB falls as India Ratings downgrades tier-I bonds

Shares of Punjab National Bank fell for the third consecutive session today as India Ratings has downgraded the lender's Basel III-compliant tier-I bonds to 'A' from 'A+' earlier, citing weakness in the standalone operations of the bank. India Ratings said that a delay in bank's expected timeline to raise capital will weigh on its capital ratios, and profitability of the lender will remain under pressure in 2019-20 (Apr-Mar) due to continuous provisioning requirement. PNB shares were down 0.6 percent at Rs 75.

Jun 19, 2019 12:35 PM

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