Sensex heatmap at close: ONGC, Infosys among top gainers, Sun Pharma, M&M lower##Sensex heatmap at close: ONGC, Infosys among top gainers, Sun Pharma, M&M lower

Dec 4, 2018 3:49 PM

Closing Bell: Sensex, Nifty close lower, HDFC twins, SBI drag##Closing Bell: Sensex, Nifty close lower, HDFC twins, SBI drag

The Sensex closed down 106 points, or 0.29 percent, at 36,134, while the Nifty settled lower by 14 points or 0.13 percent at 10,869. ONGC, Wipro, and BPCL were the top gainers, while Sun Pharma and M&M lost the most. HDFC twins and SBI dragged indexes, while Infosys and TCS provided support for the bulls.

Dec 4, 2018 3:47 PM

UFLEX shares rally 6.5%, Sensex, Nifty lower##UFLEX shares rally 6.5%, Sensex, Nifty lower

UFLEX shares rallied 6.5 percent intraday Tuesday on receiving patent from the United States for BOPET film. At 3.25 pm, shares traded at Rs 290.65, up 4.51 percent on the NSE. The Nifty traded down by 12.30 points to trade at 10,871. The Sensex slipped by 93 points to trade at 36,147. HDFC twins, SBI, M&M, Sun Pharma, ITC, Reliance Industries, HUL dragged indexes, while support for the bulls came from Infosys, TCS and ICICI Bank.

Dec 4, 2018 3:28 PM

RComm extends gains, spectrum sale to RJio likely soon##RComm extends gains, spectrum sale to RJio likely soon

Shares of Reliance Communications extended their gain from Monday and rose as much as 12 percent on hope the company will soon be able to complete the sale of its spectrum to Reliance Jio Infocomm. Shares traded at Rs 17.20, up by 3.61 percent at 2.57 pm on the NSE.

Dec 4, 2018 2:57 PM

Ramco System Jumps 4% On Collaboration With KPMG Malaysia##Ramco System Jumps 4% On Collaboration With KPMG Malaysia

Ramco System shares climbed 4.4 percent intraday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).

"Ramco and KPMG Management & Risk Consulting Sdn Bhd will collaborate to use Kuala Lumpur as a springboard to offer advanced cloud-based human resources (HR) and payroll solutions for growth companies across the region," the enterprise software specialist said in its filing.

KPMG said it would use Ramco's HR and Global Payroll Platform as the cloud-based architecture to roll out its Business Platform as a Service.

Dec 4, 2018 2:55 PM

Yes Bank shares turn volatile after morning gains, Sensex, Nifty lower##Yes Bank shares turn volatile after morning gains, Sensex, Nifty lower

Yes Bank shares gained 2.5 percent in morning on Tuesday after its asset management company received approval for launch of mutual fund schemes.

"Pursuant to the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its mutual fund business, YES Asset Management (India), the wholly owned subsidiary of the bank has received SEBI approval to launch two mutual fund schemes," the lender said in its filing.

At 2.05 pm, Yes Bank shared were flat at Rs 177.90. The Nifty traded at 10,876, down by 7 points, while the Sensex was lower by 87 points, or 0.24 percent, to trade at 36,153.

Dec 4, 2018 2:06 PM

Edelweiss Financial soars; may sell stake in advisory operations##Edelweiss Financial soars; may sell stake in advisory operations

Shares of Edelweiss Financial Services hit a one-month high of Rs 187.05 as a report in the Economic Times said private equity firms such as BlackStone, KKR, Carlyle and Apax Partners are in the fray to buy stake in the company's wealth and asset management business. This advisory business of the company is being valued at Rs 120-150 billion, reports said. The firm plans to sell up to 25 percent stake in Edelweiss Global Wealth and Asset Management. (Cogencis)

Dec 4, 2018 12:50 PM

Gulf Oil Lubricants up as Emkay Global says "buy"##Gulf Oil Lubricants up as Emkay Global says "buy"

Shares of Gulf Oil Lubricants India rose as much as 16 percent to hit their three-month high of Rs 882 as brokerage Emkay Global Financial Services has initiated coverage on the stock with "buy" rating and a target price of Rs 1,150. The brokerage expects the company's margins to recover due to a decline in base oil prices, steady rupee, and the effect of price hikes taken in July.

Dec 4, 2018 12:32 PM

Shriram EPC shares rally 5% on Jharkhand govt contract orders##Shriram EPC shares rally 5% on Jharkhand govt contract orders

Shriram EPC shares rallied nearly 5 percent in morning on Tuesday on winning orders from Jharkhand government. "We received two separate orders worth Rs 166.16 crore and Rs 59.55 crore from Jharkhand Urban Infrastructure Development Company," the engineering and construction company said in its filing.

Dec 4, 2018 12:04 PM

HDFC Bank, Kotak Mahindra Bank drag Nifty Bank lower##HDFC Bank, Kotak Mahindra Bank drag Nifty Bank lower

Dec 4, 2018 11:36 AM

Shankara Building Products continues downtrend, dips 9%##Shankara Building Products continues downtrend, dips 9%

Shares of Shankara Building Products continues its downtrend as share is down 9 percent intraday on Tuesday after ending at 10 percent lower circuit on Monday. The share touched a 52-week low of Rs 569.95. IDFC Securities had downgraded the stock to underperform from neutral and cut target price to Rs 525 from Rs 1,065 per share.

Dec 4, 2018 11:27 AM

Market update: Sensex, Nifty extend losses, HDFC twins, RIL drag##Market update: Sensex, Nifty extend losses, HDFC twins, RIL drag

The Sensex traded at 36,123, down by 117 points, or 0.32 percent at 10.45 am, while the Nifty slipped by nearly 25 points, or 0.23 percent, to trade at 10,859. Midcaps were marginally up with the Nifty MidCap in the green, while the BSE MidCap was trading higher by 0.20 percent. Among index gainers, Indiabulls Housing Finance, UPL, Cipla, Infosys, Dr Reddy's Labs, Baja Auto, TCS, Tata Motors and ONGC gained by up to nearly 3 percent. Among loser, HDFC, NTPC, M&M, Kotak Mahindra, HDFC Bank, declined by up to 2.6 percent.

Dec 4, 2018 10:49 AM

NTPC falls 2% on report government to go ahead with SJVN buy##NTPC falls 2% on report government to go ahead with SJVN buy

Shares of NTPC fell nearly 2 percent after a media report said the finance ministry is likely to press ahead with plans to sell its stake in SJVN to the company. The move is expected to bolster the government's efforts to meet its divestment target of Rs 800 billion for 2018-19 (April-March). The Centre currently holds 63.79 percent stake in SJVN, which it has reportedly proposed to sell to NTPC. At 10.10 am, shares of NTPC were down 1.5 percent at Rs 142.80.

Dec 4, 2018 10:33 AM

ONGC, Tata Motors, M&M, HDFC twins among top index gainers and losers in initial trade##ONGC, Tata Motors, M&M, HDFC twins among top index gainers and losers in initial trade

Dec 4, 2018 9:50 AM

Opening Bell: Sensex, Nifty flat, rupee opens weak against the USD##Opening Bell: Sensex, Nifty flat, rupee opens weak against the USD

The Sensex started 8 points up at 36,248.80, while the Nifty slipped by 5 points to 10,878.70. The Nifty Bank slipped nearly 46 points, while the Nifty MidCap was marginally up. The NSE index was marginally down by 6.65 to 10,877 in the pre-open trade at 9.08 am. The BSE index was marginally up by 49 points to 36,290. Among gainers, ONGC, UPL, Tata Motors, Dr Reddy's Labs and Ultra Tech Cement shares gained by up to nearly 2 percent. M&M, HDFC, HDFC Bank, JSW Steel and NTPC shares dipped by 2.4 percent. Earlier, the rupee opened weak at 70.49 against the US dollar on Tuesday after Monday's close of 70.45.

Dec 4, 2018 9:48 AM

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