Closing Bell: Sensex, Nifty end sharply lower, midcaps outperform##Closing Bell: Sensex, Nifty end sharply lower, midcaps outperform

The BSE Sensex shed 158 points, or 0.44 percent, to end at 35,876 at close. The Nifty50 settled at 10,746, down by over 47 points, or 0.44 percent. The Nifty MidCap index outperformed, rising 0.61 percent. The Bank Nifty rose 0.32 percent. Shares of Yes Bank settled 32 percent higher. Among shares, HDFC Bank, HDFC, Infosys, Reliance Industries, TCS, Kotak Bank, HUL, Asian Paints, M&M were the main drags on indexes. Yes Bank, ICICI Bank, ITC, IndusInd Bank and Sun Pharma batted for the bulls, helping limit losses. Downstream public sector companies slipped as crude oil prices jumped, being the top losers on the Nifty.

Feb 14, 2019 3:40 PM

Ashok Leyland Q3 numbers, net profit, EBITDA falls more than 20%##Ashok Leyland Q3 numbers, net profit, EBITDA falls more than 20%

Feb 14, 2019 3:29 PM

Bharat 22 ETF follow-on offer opens today: Key things to know##Bharat 22 ETF follow-on offer opens today: Key things to know

Bharat 22 Exchange-Traded Fund (ETF) comes out with its second follow-on offer today, aiming to raise Rs 3,500 crore. The government has previously raised Rs 14,500 crore in November 2017 and another Rs 8,400 crore raised in June 2018 through Bharat 22 ETF. Here are the key things to know

Feb 14, 2019 3:21 PM

Sanghi Industries shares fall over 2% as Q3 earnings fail to cheer investors##Sanghi Industries shares fall over 2% as Q3 earnings fail to cheer investors

After reporting a dismal set of Q3 numbers, cement maker, Sanghi Industries, on Thursday said annual maintenance shutdown in December and January affected the topline of the company in the current quarter. In an interview to CNBC-TV18, Bina Engineer, director, said the cement prices now are five percent higher than third quarter average.

"We have done about 20 lakh tonne of volume by now. Therefore, we expect that we should be able to do around 27 lakh plus volume by the end of the year,” Engineer said.

Read full report here

Feb 14, 2019 3:18 PM

CG Power rebounds, backed by volumes, after sell-off##CG Power rebounds, backed by volumes, after sell-off

Shares of CG Power and Industrial Solutions rebounded and surged 24 percent backed by strong volumes after plunging 30 percent on Wednesday. So far, over 151.02 million shares traded on the NSE, which was sharply higher than its three-month daily average of 10.7 million shares. The steep sell-off in the stock was triggered by the company's move of writing off 50 million of the nearly Rs 9-billion loans to promoters, and Rs 1 billion of receivables, which led to widening of loss in October-December. Investors expressed disappointment as the company said that it intended to recover the balance amount of loans from promoters against the royalty payment that it was to pay them. Besides, the company not being able to close the sale of its business in Hungary, having signed the deal in August 2017, also played spoilsport. Shares of the company were 21.3 percent higher at Rs 28.70.

Feb 14, 2019 3:02 PM

Page Industries Q3 net profit grows more than 20%; EBITDA margin also up by 170 bps##Page Industries Q3 net profit grows more than 20%; EBITDA margin also up by 170 bps

Feb 14, 2019 2:47 PM

Reliance Capital up; may sell stake in AMC to Nippon Life##Reliance Capital up; may sell stake in AMC to Nippon Life

Shares of Reliance Capital surged nearly 9 percent after a report said the company may sell some or entire stake in arm Reliance Nippon Life Asset Management to joint venture partner Nippon Life Insurance. Both the promoters own 42.88 percent stake each in Reliance Nippon Life Asset Management, according to the latest data on the BSE. In 2016, Reliance Capital sold 14 percent stake in the joint venture to Nippon Life for 12 bln rupees. At 2.01 pm, shares of the company traded 7.7 percent higher at Rs 151.40, and were among the top gainers on the Nifty 200 index. Shares of Reliance Nippon Life Asset Management also rose 7.1 percent to at Rs 161.70 as such a deal between promoters is likely to trigger an open offer. (Cogencis)

Feb 14, 2019 2:39 PM

Buying seen in Nifty Bank, benchmark indices showing signs of recovery##Buying seen in Nifty Bank, benchmark indices showing signs of recovery

Feb 14, 2019 2:19 PM

L&T Infotech shares under pressure despite new acquisition, Sensex, Nifty trade lower##L&T Infotech shares under pressure despite new acquisition, Sensex, Nifty trade lower

Larsen & Toubro lnfotech announced acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore). "The company, through its wholly-owned subsidiary, Larsen & Toubro lnfotech GmbH, Germany, has signed a definitive agreement to acquire Nielsen+Partner Unternehmensberater GmbH headquartered in Hamburg, Germany, along with its identified subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium," Larsen & Toubro lnfotech said in a regulatory filing.

Shares of L&T Infotech traded 0.53 percent lower at Rs 1773.60 on the BSE at 1.53 pm. Meanwhile, the BSE Sensex was down by 179 points, or 0.50 percent, 35,854.83. The Nifty slipped by 50.30 points, or 0.47 percent, to 10,743.

Feb 14, 2019 1:56 PM

Here’s what to expect from Glenmark Pharma’s Q3FY19 numbers##Here’s what to expect from Glenmark Pharma’s Q3FY19 numbers

This time, in Q3FY19, expect a revenue growth of 15 percent odd for Glenmark Pharma with EBITDA growth of around 36 percent. Thus, there should be some amount of improvement in the margins on a year-on-year (YoY) basis to 17.4 versus 14.6 percent with the profit at around Rs 225 crore odd. However, the profit is going to escalate on the back of low base as the profit was down 75 percent during Q3FY18.

Read full report here

Feb 14, 2019 1:38 PM

Nestle to announce Q4 results: Here are the key things to watch out for##Nestle to announce Q4 results: Here are the key things to watch out for

Nestle India will announce its quarterly earnings on Thursday and the street is expecting a good set of numbers. The stock is just 10 percent away from its record high.

Here are the key things to watch out for

Feb 14, 2019 1:17 PM

DHFL surges over 8% after Mehta's clarification on resignation##DHFL surges over 8% after Mehta's clarification on resignation

Dewan Housing Finance Limited (DHFL) shares on Thursday erased losses and surged over 8 percent . DHFL shares jumped as much as 8.36 percent to Rs 119.80 per share intraday on the BSE after the fresh development that the resignation was in-line to get a new strategic partner within the given time frame. Read more

Feb 14, 2019 12:36 PM

Karur Vysya tanks to 4.5-year low as slippages to rise##Karur Vysya tanks to 4.5-year low as slippages to rise

Shares of Karur Vysya Bank fell 20 percent to an over four-and-a-half year low of Rs 63.20 as the bank reportedly sees fresh slippages in the small and medium enterprises segment. The lender expects fresh slippages of up to Rs 10 billion over the next five quarters, which will hit its profits as provisions will shoot up. In a conference call with analysts, the bank said credit costs are also likely to rise. Brokerage firm Kotak Institutional Equities has cut its price target for shares of Karur Vysya by 23 percent to Rs 85. "The quantum, nature and timing of these (likely) slippages is a bit unexpected," it said. At 11.30 am, shares of the bank were down 17.3 percent at Rs 65.30. The stock had fallen in the last two sessions post the announcement of October-December earnings. (Cogencis)

Feb 14, 2019 11:47 AM

Here's CNBCTV18 Poll on Voltas and Glenmark third quarter results due later in the day##Here's CNBCTV18 Poll on Voltas and Glenmark third quarter results due later in the day

Feb 14, 2019 11:33 AM

Kotak Mahindra Bank falls 2% as some investors shift funds to peer##Kotak Mahindra Bank falls 2% as some investors shift funds to peer

Shares of Kotak Mahindra Bank fell 2 percent as some investors booked profit in the stock and likely invested in YES Bank, said a dealer. YES Bank's shares surged nearly 27 percent after the Reserve Bank of India gave a clean chit to the bank on its divergence in reporting bad loan numbers in 2018-18 (Apr-Mar) from the central bank's audit. Ever since crisis broke out in YES Bank on September 21, when the RBI declined the bank's request to extend the term of former chief executive officer Rana Kapoor, shares of Kotak Mahindra Bank had risen 10 percent as investors shifted their focus from YES Bank. At 10.45 am, shares of Kotak Mahindra Bank were down 1.4 percent at Rs 1,279.65. (Cogencis)

Feb 14, 2019 10:57 AM

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