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Closing Bell: Sensex, Nifty end lower as tensions with Pakistan intensify, midcaps outperform
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Closing Bell: Sensex, Nifty end lower as tensions with Pakistan intensify, midcaps outperform
Feb 26, 2019 10:41 PM

Sensex heatmap at close: Bharti Airtel, Bajaj Auto among top gainers, Tata Motors, Vedanta, HUL dip##Sensex heatmap at close: Bharti Airtel, Bajaj Auto among top gainers, Tata Motors, Vedanta, HUL dip

Feb 27, 2019 3:55 PM

Closing Bell: Sensex, Nifty settle with minor cuts, midcaps outperform##Closing Bell: Sensex, Nifty settle with minor cuts, midcaps outperform

The BSE Sensex ended 68 points lower, or 0.19 percent, at 35,905.43 at close. The NSE Nifty50 settled at 10,806.65, down by 28.65 points, or 0.26 percent. The Nifty MidCap index outperformed, ending 0.40 percent higher. Nifty Bank fell well over half a percent dragged by HDFC Bank and Kotak Mahindra Bank. Bajaj Auto, Sun Pharma, Bharti Airtel, L&T, TCS, UltraTech Cement and UPL were among top gainers on the indices, while losers were Tata Motors, Vedanta, Kotak Mahindra Bank, HUL, NTPC, Bharti Infratel, Wipro and Titan Company. Among sectors, selling was seen in the IT, metal, FMCG and bank space, while buying seen in the auto, infra and pharma space.

Feb 27, 2019 3:52 PM

MEA spokesperson Raveesh Kumar: We have lost one MiG 21 and pilot is lost in action##MEA spokesperson Raveesh Kumar: We have lost one MiG 21 and pilot is lost in action

Feb 27, 2019 3:26 PM

Market update: Sensex, Nifty trade lower as tensions with Pakistan intensify##Market update: Sensex, Nifty trade lower as tensions with Pakistan intensify

The Sensex dipped 55 points, or 0.15 percent, to trade at 35,918 at 3.14 pm. The Nifty was down by 17 points, or 0.16 percent, to trade at 10,818.30.

Feb 27, 2019 3:12 PM

Rain Industries shares hit 10% lower price band post Q3 result##Rain Industries shares hit 10% lower price band post Q3 result

Rain Industries has reported Q3 net loss at Rs 139.1 crore against profit of Rs 307.2 crore. Revenue was up 9.5% at Rs 3,444 crore versus Rs 3,146 crore, YoY. Shares hit 10 percent lower price band at Rs 97.65 on the NSE.

Feb 27, 2019 3:02 PM

Oil advances as OPEC set to continue supply cuts despite US pressure to ease##Oil advances as OPEC set to continue supply cuts despite US pressure to ease

Oil prices rose on Wednesday after a report of declining US crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump. US West Texas Intermediate (WTI) crude oil futures were at $55.89 per barrel at 0755 GMT, up 39 cents, or 0.7 percent, from their last settlement. International Brent crude futures were at $65.48 per barrel, up 27 cents, or 0.4 percent from their last close. US crude oil inventories fell by 4.2 million barrels in the week to Feb. 22, to 444.3 million barrels, the American Petroleum Institute (API) estimated in a weekly report on Tuesday. Official data will be released by the US Energy Information Administration (EIA) after 1800 GMT on Wednesday. Oil markets have generally received support this year from supply curbs by the Organization of the Petroleum Exporting Countries (OPEC), which together with some non-affiliated producers like Russia, known as OPEC+, agreed late last year to cut output by 1.2 million barrels per day (bpd) to prop up prices. (Reuters)

Feb 27, 2019 2:27 PM

Get the stock market update from CNBC-TV18's Anuj Singhal##Get the stock market update from CNBC-TV18's Anuj Singhal

Feb 27, 2019 2:11 PM

Sensex makes mild recovery, but volatility in money and equity market persists##Sensex makes mild recovery, but volatility in money and equity market persists

Feb 27, 2019 1:56 PM

India VIX hits 1-month high as border conflict escalates##India VIX hits 1-month high as border conflict escalates

India VIX jumped to a one-month high of 19.9775 as the conflict along the India-Pakistan border escalated with unconfirmed reports of loss of resources on both sides. Civilian airspace at airports in Jammu & Kashmir, Dehradun, Chandigarh and Adampur have been closed due to the conflict, reports said.

Feb 27, 2019 1:48 PM

Cement companies up as Deutsche Bank positive on margin cycle##Cement companies up as Deutsche Bank positive on margin cycle

Shares of cement makers were up today as brokerage Deutsche Bank reportedly said that the margin cycle for the sector is turning favourable in South India. Several media reports said that the brokerage has upgraded its rating on the shares of Ramco Cements to "buy" as 70 percent of the company's sales come from southern states. Deutsche Bank has raised the target price on the stock by 19 percent to Rs 750. Similarly, Deutsche Bank is positive on sales of ACC and Dalmia Bharat as both have strong exposure in the south. The brokerage has raised the target price on shares of ACC by 3 percent to Rs 1,760 and that on Dalmia Bharat by 0.4 percent to Rs 1,310. At 1.07 pm, shares of Ultratech Cement, Ambuja Cements, ACC, Shree Cement, Ramco Cements and India Cements were up 1-4 percent.

Feb 27, 2019 1:46 PM

Sun Pharma gains on report of rise in Ilumya drug sale##Sun Pharma gains on report of rise in Ilumya drug sale

Shares of Sun Pharmaceutical Industries gained nearly 4 percent as reports said the company's sales of its specialty drug Ilumya have doubled in the last week. The drug is used for the treatment of moderate-to-severe plaque psoriasis in adults. The company has so far received approval by Australian regulator, the US regulator and European Commission to market the drug. Besides, the company, on February 12, said drug launch in the US was well received by doctors. At 12.20 pm, shares of the company were up 1 percent at Rs 440.15.

Feb 27, 2019 1:04 PM

Market update: Sensex, Nifty plunge on escalation in India-Pakistan conflict, Karachi stock exchange tanks##Market update: Sensex, Nifty plunge on escalation in India-Pakistan conflict, Karachi stock exchange tanks

Benchmark indices corrected sharply from its highs with the Sensex losing more than 600 points from intraday high after PTI report said Pakistan jets violated Indian airspace and entered border areas of Nowshera sector, but the jets were immediately pushed back by Indian jets on air patrol. At 12.06 pm IST, the 30-share BSE Sensex slipped 191.47 points to 35,782.24 and the Nifty50 fell 67.20 points to 10,768.10. Meanwhile, Pakistan’s KSE100 slumped 1500 points.

Feb 27, 2019 12:20 PM

Pakistani fighter jets violate Indian air space in Nowshera Sector of J&K##Pakistani fighter jets violate Indian air space in Nowshera Sector of J&K

Feb 27, 2019 12:12 PM

Pakistani fighter jets violate Indian air space in Nowshera Sector of J&K##Pakistani fighter jets violate Indian air space in Nowshera Sector of J&K

Feb 27, 2019 11:54 AM

Pakistan shares plunged 800 points after IAF air strike##Pakistan shares plunged 800 points after IAF air strike

Pakistan shares plunged on Tuesday as reports surfaced that Indian Air Force jets carried out a surgical strike in Balakot region of Pakistan, reported Dawn. In Karanchi, the KSE-100 index slumped 785.12 points to close at 38,821.67. The index fell 184 points in the opening trade. As more details emerged, panic struck the market, sending the index 880 points lower in intraday. It was the largest fall in the last 55 trading days and was the first time in 32 sessions that the Index had dropped below 39,000 points, the report added. At 11.05 AM on Wednesday, the KSE 100 index was down 329.28 points, or 0.85 percent, at 38,492.39.

Check live updates on our surgical strike 2.0 live blog

Feb 27, 2019 11:25 AM

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