Bharti Infratel surges 5%, IT stocks among worst performers##Bharti Infratel surges 5%, IT stocks among worst performers

Jan 4, 2019 3:48 PM

Closing Bell: Sensex, Nifty end higher led by financials, ITC, RIL##Closing Bell: Sensex, Nifty end higher led by financials, ITC, RIL

The Sensex settled 181 points higher, or 0.51 percent, to 35,695, while the Nifty ended above 10,700, rising 55 points, or 0.52 percent, at 10,727. The Nifty MidCap ended 0.61 percent higher, outperforming its frontline peers. Bank Nifty gained 0.87 percent, led largely by PSU banks with SBI leading the gains. Nifty IT turned out to be the worst performer with HCL Technologies, Infosys, Tata Consultancy Services, Tech Mahindra being among top index losers.

Jan 4, 2019 3:47 PM

Metal stocks surge post Chinese Central Bank's announcement on CRR cut##Metal stocks surge post Chinese Central Bank's announcement on CRR cut

Jan 4, 2019 3:11 PM

Bharti Infratel at 5-month high on better demand prospect##Bharti Infratel at 5-month high on better demand prospect

Shares of Bharti Infratel rose nearly 4 percent to hit over a five-month high of Rs 281.40 on aggressive buying, on the back of gains in the stock price of its parent, Bharti Airtel. Bharti Infratel is a dominant player in telecom tower infrastructure space, and now prospects look better with its parent Bharti Airtel adding a net 101,534 users to its network in November.

Jan 4, 2019 3:00 PM

Yes Bank seen up on stake sale in 2 Valecha group companies, Sensex, Nifty trade higher##Yes Bank seen up on stake sale in 2 Valecha group companies, Sensex, Nifty trade higher

Shares of YES Bank rose 3 percent as the lender has sold its entire holding in Valecha Investments and Valecha Engineering. In November, YES Bank had acquired 230,655 equity shares or 30 percent paid share capital of Valecha Investments, and 2.93 million equity shares or 12.99 percent stake in Valecha Engineering, after the promoters defaulted on credit facility. Shares of the lender traded 2.83 percent higher at Rs 189.10.

Meanwhile, the Sensex traded higher by 149 points, or 0.42 percent, at 35,663 at 2.53 pm. The Nifty was up by 43 points, or 0.40 percent, to trade at 10,715.15.

Jan 4, 2019 2:53 PM

New Electricity Tariff Policy proposes uninterrupted quality power, smart metering and DBT##New Electricity Tariff Policy proposes uninterrupted quality power, smart metering and DBT

Jan 4, 2019 2:15 PM

Reliance Securities retains "buy" rating on Bajaj Auto, Sensex, Nifty hold on to gains##Reliance Securities retains "buy" rating on Bajaj Auto, Sensex, Nifty hold on to gains

Brokerage firm Reliance Securities has reportedly recommended its "buy" rating on the shares of Bajaj Auto with a price target of Rs 3,015, Cogencis reported. The brokerage firm expects the company's exports to grow 20 percent on year from 2017-18(April-March) to 2018-19. The company's total exports increased 16 percent on year to 165,848 units in December, it added. The brokerage firm expects Bajaj Auto to record earning per share of Rs 179 in 2019-20, it further added.

At 2.05 pm, shares of the company were 0.91 percent higher at Rs 2.726. Meanwhile, benchmark indices trimmed gains with the Nifty trading higher by nearly 27 points, or 0.25 percent, at 10,699 at 2.05 pm. The Sensex traded higher by 129 points, or 0.36 percent, at 35,643.

Jan 4, 2019 2:05 PM

Vista Pharmaceuticals shares locked in 5% upper circuit##Vista Pharmaceuticals shares locked in 5% upper circuit

Vista Pharmaceuticals shares were locked in 5 percent upper circuit at Rs 30.45 as the company awaits approval from US health regulator for cardiac drug.

Jan 4, 2019 1:35 PM

YES BANK gains nearly 1.5% in the last hour; Leading Nifty & Nifty Bank higher##YES BANK gains nearly 1.5% in the last hour; Leading Nifty & Nifty Bank higher

Jan 4, 2019 12:36 PM

Market update: Sensex, Nifty hold minor gains after choppy trade, ITC supports##Market update: Sensex, Nifty hold minor gains after choppy trade, ITC supports

Benchmark indices traded with minor gains with the Sensex up by 49 points, or 0.14 percent, at 35,562.90 at 12.05 pm. The Nifty was at 10,684.50, up by 12 points, or 0.11 percent. Broader markets outperformed with the Nifty MidCap higher by 0.33 percent. The BSE MidCap was also up by 0.30 percent. As many as 35 sectors advanced led by Nifty PSU Banks which rose 1.38 percent. BSE Telecom was the other major gainer with 1.23 percent surge. Nifty IT, BSE IT, BSE Teck and BSE Consumer Durable were among 8 declining sectors. Shares of Bharti Airtel, Tata Motors, Axis Bank, ONGC, BPCL and SBI were among major index gainers, rising by up to 2.76 percent. Infosys, Tata Consultancy Services, Tech Mahindra, HCL Technologies, IndusInd Bank, Hindustan Unilever and L&T dipped by up to 1.73 percent. The rupee traded at 69.86 per US dollar at 12.20 pm.

Jan 4, 2019 12:35 PM

Market update: Sensex, Nifty edge higher, ICICI Bank, TCS, RIL cap gains##Market update: Sensex, Nifty edge higher, ICICI Bank, TCS, RIL cap gains

The Sensex is up 82 points, or 0.23 percent, at 35,595, and the Nifty up 19 points, or 0.18 percent, at 10691 at 11.48 am. Bharti Infratel, Tata Motors, Bharti Airtel, NTPC, ITC surged, while ICICI Bank, TCS, HCL Technologies, Reliance Industries and UltraTech Cement dipped.

Jan 4, 2019 11:49 AM

GM Breweries plunges 12.5% after lower Q3 profit##GM Breweries plunges 12.5% after lower Q3 profit

Shares of GM Breweries fell as much as 12.5 percent after the company reported a drop in profit for the quarter ended December 31. The company reported a Q3 profit of Rs 16.71 crore, a drop from the profit of Rs 22.3 crore reported in the same quarter last year.

Jan 4, 2019 11:35 AM

NHPC at 1-month low; to incur loss due to unit shutdown##NHPC at 1-month low; to incur loss due to unit shutdown

Shares of NHPC fell 1 percent to hit their one month low of Rs 25.30 as the company said that it will incur a loss of Rs 301.4 million due to shutdown of 520 MW Parbati-III power station in Himachal Pradesh. The shutdown will cause a tentative production loss of 35.1 million units of electricity, the company added.

Jan 4, 2019 11:03 AM

Tata Motors surges 3 percent on good US sales data for JLR##Tata Motors surges 3 percent on good US sales data for JLR

Shares of Tata Motors rose over 3 percent on Friday morning as investors cheered good US sales data for JLR. The total JLR US sales rose 24 percent at 14,079 units against 11,394 units last year. The total land rover US sales have risen 33 percent at 10,617 units against 7,980 units last year. The total Jaguar US sales rose 1.4 percent at 3,462 units against 3,414 units in December 2017.

Jan 4, 2019 10:29 AM

Market update: Sensex, Nifty erase gains##Market update: Sensex, Nifty erase gains

At 9.45 am, the Sensex trimmed gains to trade higher by just 25 points, or 0.07 percent, at 35,539. The Nifty was up by 12 points, or 0.11 percent, to trade at 10,684. Earlier, the Sensex surged more than 115 points, or 0.32 percent, to trade at 35,628.80, while the Nifty gained over 35 points, or 0.33 percent, to 10,707.90. Broader markets slightly outperformed with the Nifty MidCap gaining 81 points, or 0.46 percent, to 17,611. But, the Nifty Bank slightly underperformed, trading higher by 0.28 percent.

Jan 4, 2019 9:54 AM

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