Closing Bell: Sensex, Nifty end lower as financials, auto, metals drag##Closing Bell: Sensex, Nifty end lower as financials, auto, metals drag

The Sensex settled 134 points lower, or by 0.37 percent, at 36,444 at close. The Nifty ended above 10,900, at 10,922.75, down by 39 points, or 0.36 percent. The Nifty MidCap Index ended 0.11 percent lower. The Bank Nifty slipped 0.19 percent. Sun Pharma settled 5 percent higher, while Wipro, Titan, Kotak Bank, Dr Reddy's Labs, Hero MotoCorp, Bajaj Finance and Yes Bank, gained between 0.9 percent and 2.6 percent. Vedanta, Tata Steel, M&M, Zee Entertainment, HCL Technologies, Tata Steel, Bharti Airtel and Maruti Suzuki slipped between 2 and 4 percent.

Jan 22, 2019 3:38 PM

Sun Pharma gains 5% ending as top index gainer##Sun Pharma gains 5% ending as top index gainer

Jan 22, 2019 3:48 PM

UFO Moviez down as NCLT dismisses petition for merger, Sensex, Nifty cut losses##UFO Moviez down as NCLT dismisses petition for merger, Sensex, Nifty cut losses

Shares of UFO Moviez India fell 7% today to hit a one-month low of Rs 241.95 after the National Company Law Tribunal dismissed a merger petition filed jointly by the company, PJSA Technosoft, Qube Cinema Technologies, Qube Digital Cinema, and Moviebuff. The NCLT's final order in this regard is awaited. So far today, over 24,346 shares of the company have been traded on the National Stock Exchange, higher than its three-month daily volume average of 9354 shares. Shares of the company were down 5 percent at Rs 247 on the NSE at 3.20 pm.

Meanwhile, the Nifty traded at 10,928, down by almost 34 points, or 0.31 percent. The Sensex slipped by 127 points, or 0.35 percent, to 36,452.

Jan 22, 2019 3:19 PM

Asian Paints Q3 EBITDA margin slides 120 bps##Asian Paints Q3 EBITDA margin slides 120 bps

Jan 22, 2019 3:15 PM

Havells India shares surge 5% after strong Q3 results##Havells India shares surge 5% after strong Q3 results

Havells India reported a net profit of Rs 195.7 crore for December quarter. This implies a jump of 10 percent year on year from Rs 178.62 crore posted last year. The revenue was reported to be at Rs 2,518.4 crore, while it posted a revenue of Rs 2,190.99 crore last year. At an operating level, the earnings before interest, taxes, depreciation and amortization came in at Rs 294.6 crore, while operating margin was reported at 11.7 percent. Shares traded at Rs 710.65, jumping 4.86 percent on the NSE at 2.45 pm.

Jan 22, 2019 2:44 PM

JSW Steel hits 11-month low, Nifty Metal declines on demand concerns##JSW Steel hits 11-month low, Nifty Metal declines on demand concerns

Shares of JSW Steel plunged almost 3.5 percent to hit their nearly 11-month low of Rs 274.85 in trade on Tuesday. The stock has been losing for the last three days and has fallen more than 4 percent in the period. The stock took a beating today after the International Monetary Fund cut in global growth forecast for 2019, rekindling concerns over global demand for steel products. JSW Steel was the top drag on the Nifty Metal along with Vedanta, Hindustan Zinc, Tata Steel, Sail and others, falling between 0.09 percent and 4.16 percent. The 15-share sectoral gauge declined by 2.15 percent, trading at 2,882.60 at 2.24 pm with only NMDC advancing by 0.33 percent.

Jan 22, 2019 2:34 PM

JSW Steel at 11-month low as demand concerns resurface##JSW Steel at 11-month low as demand concerns resurface

Shares of JSW Steel plunged over 3 percent to hit their nearly 11-month low of Rs 274.55 after the International Monetary Fund's cut in global growth forecast for 2019 revived concerns over global demand for steel products. IMF lowered its global growth forecast by 20 basis points and now sees the global economy growing at 3.5 percent in 2019. The IMF cut its forecast for global growth for the second time in four months. Shares of the company have fallen 10 percent in the last 30 days, underperforming the broader market which has risen over 1 percent during the same period. The ongoing US-China trade war and lower demand from China have led to a fall in global metal prices over the past one-year, a situation that is unlikely to reverse soon, said an analyst.

Jan 22, 2019 2:14 PM

TVS Motor Q3 net profit up 16% at Rs 178.4 crore, beats estimates##TVS Motor Q3 net profit up 16% at Rs 178.4 crore, beats estimates

South India's leading two wheeler maker, TVS Motor Company, on Tuesday reported 16 percent rise in net profit to Rs 178.4 crore for the third quarter ended December 31, 2018. CNBC-TV18 Polls had predicted a profit of Rs 167 crore for the quarter under review.

Read full report here

Jan 22, 2019 2:01 PM

Options show Nifty 50 to fall more in near term##Options show Nifty 50 to fall more in near term

Positioning by traders in the options segment of the Nifty 50 indicated that they expect the index to fall more in the coming sessions. Traders aggressively sold the 11000-point strike price call option of the index and the contract holds the highest open interest among the index's call options. They also actively bought the index's put options. The 10,500 strike price holds the second-highest open interest, indicating that the index is likely to fall below that level in the coming sessions. In the futures segment, traders added short positions in the January futures contract, though participation was muted. Open interest in the futures contract rose 0.3 percent to 24.85 million. In the cash segment, the index was down 0.7 percent at 10,884.60 points. (Cogencis)

Jan 22, 2019 1:54 PM

This is the most bipolar market in recent memory##This is the most bipolar market in recent memory

After a decent rally in November and December, the market has started to show some curious data points. Let’s look at some internals of this month:

The Nifty is up 0.9 percent and knocking on the doors of 11,000 repeatedly. However, only two stock — Reliance and Infosys — have contributed 1.8 percent of the Nifty move. The balance 48 stocks are actually leading the index down 0.9 percent.

The Midcap Index is down 2.8 percent and Nifty Junior is down 3 percent. The Nifty Junior broadly represents the non-index largecap market.

The advance/decline ratio which basically measures how many stocks are up vs down on a given day on an average has been 1:2 in favour of declines. There has been only one day in January where the advance/decline has been decently in favour of advances.

Read CNBCTV18's Stocks Market Editor Anuj Singhal's full take here

Jan 22, 2019 1:49 PM

Here's what market expert Porinju Veliyath says on Prabhat Dairy deal##Here's what market expert Porinju Veliyath says on Prabhat Dairy deal

Jan 22, 2019 1:10 PM

Market update: Sensex, Nifty extend losses as HDFC twins drags##Market update: Sensex, Nifty extend losses as HDFC twins drags

The Sensex traded lower by over 259 points, or 0.71 percent, at 36,319 at 12.21 pm. The Nifty slipped below 10,900, falling by nearly 83 points, or 0.75 percent, to trade at 10,879. Broader markets also underperformed with the Nifty MidCap down by 0.84 percent and the BSE MidCap lower by 0.85 percent. Apart from Sun Pharma and Kotak Bank, GAIL, HPCL, Wipro and Bajaj Finance rose between half a percent and 2 percent. Vedanta, JSW Steel, M&M, Tata Steel, Hindalco, HCL Technologies and Tata Motors fell between 2 and 3.3 percent.

Jan 22, 2019 12:44 PM

Hindustan Zinc hits 18-month low on weak Q3 earnings##Hindustan Zinc hits 18-month low on weak Q3 earnings

Shares of Hindustan Zinc plunged over 4 percent to an 18-month low of Rs 256.35 after the company on Monday reported a weak performance for the quarter ended December. The Vedanta-owned company posted a fall in net profit, revenue from operations, and margins for Q3. Brokerage firm Credit Suisse retained its "neutral" rating on shares of the company as it believes the growth guidance given by the metal and mining company is "intact" despite delays in commissioning a few projects. Credit Suisse said the problem of excess cash and challenge to find avenues for reinvestment caps the upside in the stock. The brokerage firm has set a target price of Rs 274.45 for the stock.

Jan 22, 2019 12:00 PM

This dairy stock has jumped 20% in trade today. Here's why##This dairy stock has jumped 20% in trade today. Here's why

Shares of Prabhat Dairy surged 20 percent on Tuesday, hitting an opening high of Rs 111.65. At 11 am, shares of Prabhat Dairy were quoted at Rs 100.25, up 7.74 percent, but more than 12 percent down from its day's high. So far, over 46 lakh shares traded on the NSE.

Read full report here

Jan 22, 2019 11:35 AM

Coal India at 52-week low##Coal India at 52-week low

Jan 22, 2019 11:12 AM

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