Watch| Pankaj Murarka says we are seeing a clear recovery in domestic economy.

Dec 14, 2018 1:43 PM

Benchmark indices remained flat with Nifty closing just above 10,800 mark.

At the end, Sensex was up 33.29 points at 35962.93, while Nifty was up 14 points at 10805.50.

Bharti Airtel, Yes Bank, ONGC, NTPC and Asian Paints are the top gainers on the Sensex, while losers are HDFC, Wipro, L&T, Adani Ports and Bajaj Auto.

Dec 14, 2018 3:39 PM

Dec 14, 2018 3:26 PM

Sensex and Nifty continue to be volatile after rising for third consecutive sessions with former gaining 4.86 points at 35,934.50 while the Nifty comes down to 10,789.70.

Dec 14, 2018 3:10 PM

Dec 14, 2018 2:58 PM

Stock check: IOC gains 3% after share buyback of 3.06 percent equity shares at a price of Rs 149/share.

Dec 14, 2018 2:45 PM

Market update: Sensex, Nifty trade flat ahead of RBI board meet outcome.

Dec 14, 2018 2:41 PM

SBI expects domestic loan growth at 14-15% going forward##SBI expects domestic loan growth at 14-15% going forward

PK Gupta, MD of State Bank of India, spoke to CNBC-TV18 about the lender's provisioning and growth outlook.

"The fresh slippages are lower so most of the provisioning that we are seeing right now is on account of ageing provisioning," Gupta said on Friday.

Talking about the business, Gupta said, “Credit growth which was tepid in the last two-three years, somewhere in 5-6 percent range is already in double digit and it is expected to go up even further.”

On the loan growth front, he said, “We see no reason why we cannot operate at a level of 14-15 percent growth going forward.”

Get the details here

Dec 14, 2018 2:20 PM

Just in: RBI board meeting has concluded.

Dec 14, 2018 2:04 PM

Ramesh Damani reveals his most successful investment bets##Ramesh Damani reveals his most successful investment bets

In the 2008-09 period, we made two bets that are still working out.

We got very bullish on media stocks as they were great franchises but were still available cheap. We bought companies like TV Today, Sun TV, and Zee Entertainment. TV Today was the leader in Hindi news for the past 15 out of 15 years in India.

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Dec 14, 2018 1:59 PM

Oil update: Oil prices fall on China economy worries, but output cuts support##Oil update: Oil prices fall on China economy worries, but output cuts support

Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support.

International benchmark Brent crude oil futures were at $60.97 per barrel at 0740 GMT, down 48 cents, or 0.8 percent, from their last close. Brent is set for a drop of around 1 percent this week

China, the world's No.2 economy and the largest crude importer, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of the country's trade dispute with the United States.

Chinese November oil refinery throughput fell from October, which was the second-highest month on record, suggesting an easing in oil demand, though runs were 2.9 percent above levels a year earlier.

(From Reuters)

Dec 14, 2018 1:36 PM

Indian Energy Exchange climbs over 9% as board to consider share buyback proposal##Indian Energy Exchange climbs over 9% as boardto consider share buyback proposal

Shares of Indian Energy Exchange Friday surged over 9 per cent after the company said its board will meet next week to consider the proposal to buy back the firm's equity shares.

After opening on a positive note on the BSE, the scrip further advanced 9.16 per cent to Rs 171, highest during the day trade. At 1258 hrs, the scrip was trading 4.31 percent higher at Rs 163.40.

On the NSE, the share gained 5.03 per cent to touch the intra-day high of Rs 164.8.

"The meeting of board of directors of the company will be held on, Thursday, December 20, 2018 at New Delhi, inter alia to consider the proposal for buyback of the fully paid-up equity shares of the company", the company said in a regulatory filing Thursday.

(From PTI)

Dec 14, 2018 1:28 PM

Market update: Sensex, Nifty volatile ahead of RBI Board meet outcome; Fortis tanks 9%

Dec 14, 2018 1:24 PM

Global Markets: Asian shares jolted by grim Chinese data, growth risks##Global Markets: Asian shares jolted by grim Chinese data, growth risks

Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world's second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3 percent. Japan's Nikkei, also dragged down by the country's weak tankan sentiment index, dropped 2.0 percent.

China's benchmark Shanghai Composite and the blue-chip CSI 300 closed down 1.5 percent and 1.7 percent, respectively, and Hong Kong's Hang Seng was off 1.5 percent.

Financial spread-betters expect London's FTSE Frankfurt's DAX and Paris's CAC to fall between 0.7 and 0.8 percent when they open.

China's November retail sales grew at the weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand softened further, underlining rising risks to the economy as Beijing works to defuse a trade dispute with the United States.

A Chinese statistics bureau spokesman said the November data showed downward pressure on the economy is increasing.

(From Reuters)

Dec 14, 2018 1:06 PM

Fortis Healthcare shares drop as Supreme Court puts sale on hold##Fortis Healthcare shares drop as Supreme Court puts saleon hold

The Supreme Court (SC) on Friday put Fortis Healthcare sale on hold.

Shares of Fortis Healthcare dropped nearly 9 percent and were trading at Rs 137.65 per share at 1102 hours on the BSE.

Daiichi Sankyo had moved the SC in a contempt plea against Malvinder and Shivinder Singh.

Daiichi argued Singh brothers created encumbrances on 12 lakh shares of Fortis Healthcare in violation of SC orders.

SC, while putting the sale on hold, issued notices to Singh brothers and Fortis Healthcare.

(Read the story here)

Dec 14, 2018 12:47 PM

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