Sensex heatmap at close: Tata Motors, NTPC top gainer, IndusInd Bank, Kotak Bank top losers##Sensex heatmap at close: Tata Motors, NTPC top gainer, IndusInd Bank, Kotak Bank top losers

Jan 10, 2019 3:48 PM

Opening Bell: Sensex, Nifty end lower as financials drag indexes##Opening Bell: Sensex, Nifty end lower as financials drag indexes

The Sensex slipped over 106 points, or 0.29 percent, to settle at 36,106 at close, while the Nifty traded at 10,821, down by 33.60 points, or 0.31 percent. The MidCap Index settled 0.40 percent higher, but Bank Nifty dipped by 0.69 percent. HDFC twins, Kotak Bank, IndusInd Bank, ICICI Bank, Axis Bank, Maruti Suzuki, ITC, Reliance, ONGC were top drags, while Infosys, M&M, L&T, NTPC and Tata Motors limited losses by providing support.

Jan 10, 2019 3:47 PM

Asian markets mixed, China inflation data lower than view##Asian markets mixed, China inflation data lower than view

Asian shares ended mixed today as weaker-than-expected Chinese inflation data offset optimism from the extended face-to-face trade talks between US and Chinese officials. Poorer-than-anticipated slew of economic data this month from the world's second largest economy has raised concerns over the extent of damage due to the long-standing Washington and Beijing trade war. Reports that December export growth in China is seen waning amid the likely rise in imports into the country, also weighed. Hang Seng ended 0.22 percent up, while Kospi was down by 0.07 percent. Japan's Nikkei dipped 1.29 percent.

Jan 10, 2019 3:13 PM

NTPC rises 2% on stake sale in SJVN, Sensex, Nifty extend losses##NTPC rises 2% on stake sale in SJVN, Sensex, Nifty extend losses

Shares of NTPC rose over 2 percent as the government's plan to to sell its 62.7 percent stake in SJVN to NTPC is likely to be deferred as the Himachal Pradesh government, a 27 percent shareholder in SJVN, was not in favour of the deal. Shares of NTPC was up 1.13 percent, while SJVN shares dipped 1.2 percent on the NSE at 2.49 pm. Meanwhile, the Nifty traded nearly 44 points lower at 10,811, while the Sensex declined by 125 points to trade at 36,088.

Jan 10, 2019 2:49 PM

Bandhan Bank gains 2.4%, reports 10% growth in Q3##Bandhan Bank gains 2.4%, reports 10% growth in Q3

Bandhan Bank reported a growth of 10 percent for December quarter at Rs 331.3 crore against Rs 300 crore during the same period of last year. The net interest income grew 54 percent at Rs 1,124 crore against Rs 732 crore last year. Shares traded at Rs 466.30, up 2.39 percent at 1.55 pm on the NSE.

Jan 10, 2019 1:55 PM

Bandhan Bank Q3 net profit rises 10.5% year-on-year##Bandhan Bank Q3 net profit rises 10.5% year-on-year

Jan 10, 2019 1:40 PM

HUDCO shares gain 6% as company sanctions Rs Rs 12,100 crore loans in April-December##HUDCO shares gain 6% as company sanctions Rs Rs 12,100 crore loans in April-December

Shares of Housing and Urban Development Corp. gained 6 percent as the company recorded cumulative loan sanctions of Rs 12,100 crore in April-December. Shares of the company traded 3.05 percent higher at Rs 43.90. Over the last 30 days, the stock has gained 9 percent.

Jan 10, 2019 1:29 PM

Market update: Sensex dips over 100 points, Nifty holds 10,800##Market update: Sensex dips over 100 points, Nifty holds 10,800

The Nifty traded at 10,818, down by 36 points, or 0.33 percent at 1 pm, while the Sensex traded lower by over 100 points, or 0.26 percent, trading at 36,129. The Nifty MidCap was up by 0.35 percent and the BSE MidCap higher by 0.38 percent. Shares of Axis Bank, ICICI Bank, Kotak Bank, HDFC and IndusInd Bank dragged indexes, while NTPC and HDFC Bank supported along with L&T, TCS, M&M.

Jan 10, 2019 1:03 PM

ArcelorMittal, Royale Partners in race for EPC constructions; lenders to vote today##ArcelorMittal, Royale Partners in race for EPC constructions; lenders to vote today

Lenders to EPC Constructions, formerly known as Essar Projects, are set to hold a meeting on Thursday to review the revised bids submitted by ArcelorMittal and Royale Partners, multiple sources told CNBC-TV18.

In the earlier round, bankers rejected the sole bid received from ArcelorMittal, the world's largest steel maker, because the amount it quoted was too low and involved a recovery of under ten percent, said the sources, adding that this led to the committee of creditors led by IDBI Bank to invite a second round of bids.

Read full report here

Jan 10, 2019 12:47 PM

Goa Carbon reports a loss in Q3. Here are the key numbers.

Jan 10, 2019 12:32 PM

Maruti Suzuki hikes car prices by up to Rs 10,000 for select models##Maruti Suzuki hikes car prices by up to Rs 10,000 for select models

Maruti Suzuki India Ltd on Wednesday said it will hike its car prices by up to Rs 10,000 for select models with immediate effect to offset adverse impact of increase in commodity prices and foreign exchange rates.

Maruti Suzuki India in a regulatory filing said prices will go up "for select models owing to increase in commodity prices and foreign exchange rates etc.

The price change varies across models and ranges up to Rs 10,000 (ex-showroom, Delhi)".

At 12:23 PM, shares of Maruti Suzuki were trading 0.45 per cent lower at Rs 7,459 apiece on the BSE.

(From PTI)

Jan 10, 2019 12:23 PM

Bandhan Bank snaps 6-day losing streak on value buying##Bandhan Bank snaps 6-day losing streak on value buying

Shares of Bandhan Bank snapped a six-session losing streak today as investors saw value in the stock after the near 19% fall in the same period, largely because of the announcement of an unpopular merger with Gruh Finance.

Investors were displeased by the bank's plan to merge Gruh Finance with itself as the deal was seen as expensive, while it also failed to achieve a key objective of diluting promoter group's stake below 40% to meet the RBI's shareholding norms for banks.

However, most analysts were of the view that in the long-term the deal may end up adding value to the bank if it manages to successfully scale-up operations of Gruh Finance.

At 12:08 PM, shares of Bandhan Bank were up 0.75% at Rs 458.80.

(From Cogenics)

Jan 10, 2019 12:10 PM

Here's what HSBC Global AMC (India) CIO Tushar Pradhan has to say on private banks.

Jan 10, 2019 11:58 AM

Torrent Pharma up on US FDA tentative OK for pregabalin##Torrent Pharma up on US FDA tentative OK for pregabalin

Shares of Torrent Pharmaceuticals rose 2.4% to hit a life-time high of 1,878.10 rupees on tentative approval for pregabalin drug from the US Food and Drug Administration.

However, the gains were capped due to weakness in the broader market.

Technical analysts said the stock is likely to rise further in the near term as technical charts indicate a strong upward momentum. The stock may find support at 1,798 rupees in case of a mild correction.

At 11:46 AM, shares of the drug maker were up 1.85% at Rs 1,864.

(From Cogenics)

Jan 10, 2019 11:48 AM

IL&FS Transport up 4%, 30 companies in race for road vertical, Sensex, Nifty edge lower##IL&FS Transport up 4%, 30 companies in race for road vertical, Sensex, Nifty edge lower

Shares of IL&FS Transportation Networks gained 4 percent after it received bids from 30 companies for its domestic roads vertical. On Wednesday, Infrastructure Leasing & Financial Services said it has received expressions-of-interest for the company's arm. The company's domestic roads vertical includes its engineering, procurement and construction business along with the operations and management businesses. At 11.34 am, shares of the company traded 1.7 percent higher at Rs 11.80. Meanwhile, the Nifty traded below 10,850, trading lower by nearly 21 points, or 0.19 percent, at 10,834. The Sensex was down by more than 335 points, or 0.10 percent, to trade at 36,177.

Jan 10, 2019 11:35 AM

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