Sectoral Trend##Sectoral Trend

Mar 5, 2019 3:40 PM

Top Nifty gainers and losers##Top Nifty gainers and losers

Mar 5, 2019 3:39 PM

Closing Bell: Sensex ends 378 points higher, Nifty rallies 1%; Tata Motors up 7%##Closing Bell: Sensex ends 378 points higher, Nifty rallies 1%; Tata Motors up 7%

Benchmark Indices recovered from opening losses on Tuesday to end over 1 percent higher on the back of sustained buying in midcaps, smallcaps, auto and banking stocks despite negative global cues.

Domestic sentiment improved after activity in India's huge service sector accelerated in February with the Nikkei/IHS Markit Services Purchasing Managers' Index rose to 52.5 in February from January's 52.2.

The S&P BSE Sensex settled at 36,442, up 378 points, while the broader NSE Nifty50 ended at 10,987, adding 124 points. Meanwhile, broader markets outperformed frontline indices with the Nifty MidCap rising 2.3 percent and Nifty Smallcap gaining 4 percent.

Indiabulls Housing Finance, Eicher Motors, Tata Motors, HPCL and BPCL were top gainers on the NSE frontline index, rising between 4.9 to 10 percent.

Wipro, Tech Mahindra, Infosys Zee and Cipla fell by up to 4.4 percent.

Auto stocks lifted the benchmark index Nifty50 into the positive territory as they gained up to 9 percent in intra-day on Tuesday despite poor sales numbers reported by various auto companies.

Among auto stocks, shares of Tata Motors ended 7 percent higher after Jaguar Land Rover reported a 29 percent year-on-year rise in retail sales in February in the US.

Buying in the smallcap space was led by Suzlon, which was up 25 percent, followed by Repco Home (up 22 percent), BGR Energy (up 20 percent) and KRI Infra (up 19.8 percent). Whirlpool, Reliance Capital, Sriram Transport Finance, SAIL, IIFL, Adani Power, M&M Finance and NALCO were up in the range of 4.6 percent to 8 percent.

Mar 5, 2019 3:36 PM

ITC likely to have taken a price hike for Bristol, Flake Excel & Capstan cigarettes##ITC likely to have taken a price hike for Bristol, Flake Excel & Capstan cigarettes

Mar 5, 2019 3:30 PM

Just In: Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 2 crore on Canara Bank##Just In: Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 2 crore on Canara Bank.

Mar 5, 2019 3:30 PM

Tata Motors UK sales##Tata Motors UK sales

Mar 5, 2019 3:15 PM

Lupin, Natco gets ANDA approval##Lupin, Natco gets ANDA approval

Lupin and Natco Pharma announced the final ANDA approval for lmatinib Mesylate Tablets, 100 mg (base) and 400 mg (base) from the United States Food and Drug Administration (FDA) to market a generic version of Novartis Pharmaceuticals Corporation's (Novartis) Gleevec Tablets, 100mg and 400mg.

Mar 5, 2019 3:07 PM

22 companies' EPS downgraded in last 4 quarters; should you buy, sell or hold?##22 companies' EPS downgraded in last 4 quarters; should you buy, sell or hold?

The December quarter earnings were largely in line with estimates. Financials led the earnings growth in Q3 due to rise in credit yield and improvement in credit cost along with industrials, while energy sector was among the laggards largely on account of lower GRMs due to inventory losses, along with metals and IT.

Among the Nifty50 names, SBI, ONGC and HDFC Bank were major contributors to PAT growth in the December quarter while HDFC, IOC, and Infosys were major laggards, Elara Capital said in a report. READ MORE

Mar 5, 2019 2:47 PM

Vedanta appoints Ajay Kapur as CEO of aluminium, power operations##Vedanta appoints Ajay Kapur as CEO of aluminium, power operations

Vedanta has appointed Ajay Kapur as the chief executive officer of its aluminium and power businesses and a member of the group's executive committee

Prior to joining the company, Kapur was the managing director and chief executive officer of Ambuja Cements for its India business

At 14:45 pm, shares of the company were up 1.1% at Rs 175 on BSE.

Mar 5, 2019 2:30 PM

Watch: Is it time to diversify your mutual fund portfolio?##Watch: Is it time to diversify your mutual fund portfolio?

Mar 5, 2019 2:20 PM

VG Siddhartha, Mindtree founders likely to meet this week to discuss stake sale##VG Siddhartha, Mindtree founders likely to meet this week to discuss stake sale

In the last two-three months, things have heated up in terms of who the potential buyers would be for VG Siddhartha’s stake. VG Siddhartha along with Cafe Coffee Day and other entities hold about 20.1 percent stake in Mindtree. And according to sources, things are likely to be finalised very soon.

The promoters – that is the founders of the company – are likely to meet the VG Siddhartha this week itself. The point here is that there has been a discord between the two wherein the founders are not open to selling their stake and they are obviously unhappy with a hostile takeover.

Mar 5, 2019 2:06 PM

Automobile sector remained subdued due to high inventory, rising cost pressures, say analysts##Automobile sector remained subdued due to high inventory, rising cost pressures, say analysts

Auto sales for the month of February remained subdued across all segments, with data showing that the retail sales were disappointing in February amid a high amount of unsold stock and tepid buying sentiments.

Nomura said that the downside risk continues for most auto companies except Bajaj Auto. It expects the industry performance to remain weak in the near-term on high inventory and rising cost pressure. Hence, wholesales are likely to remain subdued despite some improvement in retails in March due to marriage season. The brokerage maintains a 9 percent YoY industry growth estimate for FY20F. Top pick for Nomura from auto sector is Maruti Suzuki. Read More

Mar 5, 2019 1:48 PM

National Housing Bank proposes easing of capital adequacy ratios for housing finance companies##National Housing Bank proposes easing of capital adequacy ratios for housing finance companies

National Housing Bank (NHB) is proposing to raise capital adequacy ratio (CAR) for housing finance companies (HFCs) in order to help them lend more. NHB is seeking comments till March 31 on its proposals to increase CAR to 15 percent in a graded manner till 2022. The regulator also wants to reduce borrowing limits for HFCs. Click here to read more

Mar 5, 2019 1:38 PM

Steel Strips bags 5-year order worth Rs 480 cr from an Indian OEM##Steel Strips bags 5-year order worth Rs 480 cr from an Indian OEM

Mar 5, 2019 1:22 PM

If there's a pre-election rally, fallen mid & smallcaps will offer most value, says Udayan Mukherjee

Udayan Mukherjee, the consulting editor at CNBC-TV18, is of the view that the Indian stock market usually makes a move before elections one way or the other.Get latest Market online at cnbctv18.com

Mar 5, 2019 1:04 PM

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