Sensex heatmap at close: Vedanta up 3.4%, TCS down by 3.4%##Sensex heatmap at close: Vedanta up 3.4%, TCS down by 3.4%

Feb 19, 2019 3:45 PM

Closing Bell: Sensex, Nifty end lower as IT drags, midcap outperform##Closing Bell: Sensex, Nifty end lower as IT drags, midcap outperform

The BSE Sensex declined almost 146 points, or 0.41 percent, to settle at 35,352.61 at close, while the Nifty was able to hold 10,600. The broader NSE inex ended at 10,604, down by over 36 points. The Nifty MidCap index gained by 0.43 percent. The benchmark indices fell for 8th straight day after a sharp fall seen in the closing hour. For better part of the Tuesday session, market looked set to snap the 7-day losing streak, but a sharp downtick, led by financials and IT, dragged Nifty 119 points from high point of the day to close with a cut of 37 points at 10,604 and Sensex 423 points from highs to 146 points lower at 35,353.

Feb 19, 2019 3:43 PM

Bata India plans to add 70-80 new stores in FY20, says CFO Gupta

Feb 19, 2019 02:12 PM IST | Retail Long-term agreement with vendors helped margins improve in Q3: Gupta Retail expenses higher than wholesale business expenses: Gupta GST rate reduction from 18% to 5% did not benefit margins: Gupta RK Gupta, CFO of Bata India, spoke to CNBC-TV18 about the company's business plans and growth outlook.

Feb 19, 2019 3:18 PM

Dilip Buildcon rises for tenth session, gains 51% in two weeks##Dilip Buildcon rises for tenthsession, gains 51% in two weeks

Shares of Dilip Buildcon extended gains for the 10th consecutive session, marking their longest winning streak since listing. The stock has gained 51% in 10 sessions, outperforming the Nifty Midcap 100 index that lost 3% in the same period. The stock gained momentum after the company said it was entitled to receive a nearly 36-mln-rupee bonus for completing a road project in Andhra Pradesh before schedule and had received a provisional completion certificate for its 6.74-bln-rupee road project in Uttar Pradesh. The stock has a given a positive breakout, having crossed its 21-day and 50-day moving averages, a technical analyst said. The analyst sees scope for the stock to test 560 rupees. So far today, over 627,746 shares were traded on the NSE, higher than the six-month average daily volume of 341,288 shares. At 2.44 pm, shares of Dilip Buildcon were 0.4% higher at Rs 462. (Cogencis)

Feb 19, 2019 2:45 PM

Sensex, Nifty & Nifty Midcap off nearly 0.3% from day's high whereas Nifty Bank slips more than 0.4%##Sensex, Nifty & Nifty Midcap off nearly 0.3% from day's high whereas Nifty Bank slips more than 0.4%

Feb 19, 2019 2:33 PM

Astral Poly Technik shares gave 30,000 percent return in last 10 years##Astral Poly Technik shares gave 30,000 percent return in last 10 years

Investment of Rs 1 lakh in the Astral Poly Technik stock on February 20, 2009, would have fetched Rs 2.72 crore today as the midcap stock has returned almost 30,000 percent returns in the span of last 10 years.

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Feb 19, 2019 2:20 PM

Government relaxes angel tax norms, widens age cap of startups to 10 years##Government relaxes angel tax norms, widens age cap of startups to 10 years

In a major relief to startups, the government on Tuesday expanded the turnover criteria and widened age cap of startups from 7 to 10 years. The development, first reported by CNBC-TV18 on Monday, comes after the government appointed a small working group consisting of angel investors and startup founders earlier this month to look into issues faced by angel investors. Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore. Now a firm can be a startup even if its turnover for any of the financial years since its incorporation hasn’t exceeded Rs 100 crore.

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Feb 19, 2019 1:40 PM

Graphite India down as company to shut Bengaluru unit on Saturday##Graphite India down as company to shut Bengaluru unit on Saturday

Shares of Graphite India fell for the third-straight day today after the Karnataka State Pollution Control Board ordered the company to close operations at the Bengaluru plant completely. On December 17, the pollution control board had renewed its consent for operations of the company's electrode plant till June 2020 on the condition that the company shifts its unit from the current location. The company, however, said immediate stoppage of furnaces could be hazardous due to high temperature prevalent in those. To comply with the aforesaid directions, the company said it will shut the furnaces in a phased manner. The management does not expect any material impact on its operations due to the closure order. The stock has lost 11 percent so far in the period of downtrend and at 11.44 am was trading 2.3 percent lower at Rs 402.4. (Cogencis)

Feb 19, 2019 12:46 PM

Angel tax exemption: Key things to know##Angel tax exemption: Key things to know

The Central Board of Direct Taxes (CBDT) on Monday increased the tax exemption limit for startups to Rs 25 crore from earlier Rs 10 crore, CNBC-TV18 reported, citing sources. This comes as a big relief for startups. The Angel Tax, a 30 percent tax levied on investments made by external investors in startups, had made life difficult for entrepreneurs, with many receiving income tax notices in 2018.

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Feb 19, 2019 12:25 PM

Commerce Minister Suresh Prabhu speaks on the angel tax issue##Commerce Minister Suresh Prabhu speaks on the angel tax issue

Feb 19, 2019 12:18 PM

Emami shares surge 13 percent after promoters sell stake##Emami shares surge 13 percent after promoters sell stake

Shares of Emami Ltd rose 13 percent on Tuesday after promoters sold a 10 percent stake in a block deal for about Rs 1,600 crore. Emami shares jumped as much as 13.5 percent to Rs 410.90 per share intraday on the NSE. At 11.44 AM, the stock was trading at 408.60 per share, up 12.9 percent from its previous close, while the Nifty 50 Index was up 0.3 percent at 10,672.65.

The block deal was initiated by a group of investors like SBI Mutual Fund, IDFC, Premji Invest, L&T Mutual Fund amongst others. The stake sale will be utilized to pare promoter debt, which was used in creation of assets like cement and solar power, among others.

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Feb 19, 2019 12:11 PM

Nifty IT index falls for 4th straight session dragged majorly by TCS, Infosys##Nifty IT index falls for 4th straight session dragged majorly by TCS, Infosys

The Nifty IT index was trading under pressure, down 1% on Monday, for the fourth consecutive on the back of sharp appreciation in rupee. Heavy selling pressure was witnessed in stocks like Tata Consultancy Services (TCS), Infosys, Wipro, Infibeam, HCL Tech, and Tech Mahindra. The appreciation in currency is always negative for exporters, as major IT companies earn the majority of their revenue in dollar terms. The rupee weakened by 11 paise to end 71.34 against the US dollar on Monday amid firming crude oil prices and persistent foreign fund outflows. This was the fourth straight session of loss for the domestic currency, during which it has depreciated by 64 paise. The currency market was closed today on account of a local holiday.

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Feb 19, 2019 12:00 PM

Realty shares rise after state ministerial panel favours uniform GST rate##Realty shares rise after state ministerial panel favoursuniform GST rate

Shares of real estate companies are up on Tuesday after a state ministerial panel favoured uniform GST rate of 18 percent or 28 percent for the industry. The final decision will be taken and addressed by the GST Council tomorrow. As a result, Prestige Estates Projects rose over 6 percent, Kolte Patil gained 3.55 percent, Oberoi Realty was up over 2 percent and DLF advanced 2.6 percent on the NSE in the morning session. Sunteck Realty rose by 2.40 percent and Unitech Ltd also increased 4.55 percent.

Feb 19, 2019 11:43 AM

CNBCTV18's Anuj Singhal: Value investors rejoice, the capitulation phase has started##CNBCTV18's Anuj Singhal: Value investors rejoice, the capitulation phase has started

The market is finally capitulating. This is the phase which people dread the most because it leads to maximum price damage, but this is the one phase the investors who managed to sit out after greed took over in early 2018 should embrace. Click to read why CNBCTV18's Anuj Singhal's reasons to says this

Feb 19, 2019 11:20 AM

Vedanta, JSW Steel in talks to make joint bid for Essar Steel, says report##Vedanta, JSW Steel in talks to make joint bid for Essar Steel, says report

Infrastructure majors, Vedanta and JSW Steel, are in discussions to make a joint bid for Essar Steel, in order to keep ArcelorMittal away, Business Standard reported, citing sources.

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Feb 19, 2019 11:16 AM

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