SBI, HFDC twins, ICICI Bank, Infosys among major contributors to losses on indices##SBI, HFDC twins, ICICI Bank, Infosys among major contributors to losses on indices

Feb 12, 2019 3:51 PM

Closing Bell: Sensex shed 241 points, Nifty ends at 10,831##Closing Bell: Sensex shed 241 points, Nifty ends at 10,831

The Sensex settled 241 points lower, or 0.66 percent, at 36,153.62 at close. The Nifty50 ended at 10,831, down by 57.40 points, or 0.53 percent. The Nifty MidCap index settled mildly in the green. The Bank Nifty slipped by 0.80 percent, dragged by HDFC Bank and Axis Bank. As many as 26 sectors advanced led by BSE Metal, which surged 2.77 percent. BSE Telecom fell the most among 17 declining sectors. ZEEL, JSW Steel, Sun Pharma, NTPC and Coal India gained between 2 and 4 percent. Bharti Infratel, Hero Moto, HDFC, SBI and ICICI Bank slipped between 1 and 3.5 percent.

Feb 12, 2019 3:50 PM

IndiGo cancels 30 more flights due to pilot shortage, shares down##IndiGo cancels 30 more flights due to pilot shortage, shares down

Shortage of pilots continued to hamper budget carrier IndiGos operations with the airline cancelling as many as 30 flights Tuesday from across stations and passengers allegedly being forced to buy last minute high fares for its flights, a source said. On Monday also, the Gurugram-headquartered airline had pulled out 32 flights from its network. IndiGo has cancelled 30 flights for Tuesday due to the on-going pilots issue. Most of the flights have been cancelled from Kolkata, Hyderabad and Chennai, the source said. (PTI)

Shares of InterGlobe Aviation ltd, the parent company of IndiGo, traded 0.86 percent down, at Rs 1175.40 on the BSE at 3.16 pm.

Feb 12, 2019 3:17 PM

Lower finance cost boosts Hindalco Industries and Utkal Q3 net 47% to Rs 713 crore##Lower finance cost boosts Hindalco Industries and Utkal Q3 net 47% to Rs 713 crore

Aditya Birla Group company, Hindalco Industries, on Tuesday reported a 47.3 percent year-on-year (YoY) jump in net profit at Rs 713 crore for the December 2018 quarter, on lower finance costs.

Read full report here

Feb 12, 2019 3:12 PM

Market update: Sensex, Nifty slip again, Bank Nifty under pressure##Market update: Sensex, Nifty slip again, Bank Nifty under pressure

Feb 12, 2019 2:55 PM

Hotel Leelaventure Q3 profit up 8 percent at Rs 44 crore##Hotel Leelaventure Q3 profit up 8 percent at Rs 44 crore

Hotel Leelaventure reported an 8.58 percent rise in standalone net profit at Rs 44.14 crore for the third quarter ended December 31, 2018, compared to a profit of Rs 40.65 crore in the year-ago period. Revenue from operations stood at Rs 209.06 crore in the latest quarter as against Rs 203.61 crore in October-December 2017, it said. Shares of Hotel Leelaventure were trading at Rs 13.67 per scrip on BSE, up 5.07 per cent from the previous close. (PTI)

Feb 12, 2019 2:46 PM

Options show Nifty50 to be in narrow range this week##Options show Nifty50 to be in narrow range this week

Positioning by traders in the options segment of Nifty 50 index indicated that they lack conviction and are apprehensive of taking a concrete view. Traders sold both call options and put options of the index expiring on Thursday, indicating that the index may remain range-bound for the week. In the call options, the highest open interest was at 11100 points, while in the put options it was at 10800 points. Nifty 50 options contract will now expire every Thursday. In the futures segment, traders added short positions in the February contract of the Nifty 50 index, indicating tepid sentiment. Open interest in the futures contract rose 1.8 percent to 22.2 million positions. In the cash segment, the index was down 0.1 percent at 10877.80 points. (Cogenics)

Feb 12, 2019 2:12 PM

Gold futures on weak global cues, profit-booking##Gold futures on weak global cues, profit-booking

Gold futures traded lower by Rs 0.21 per cent at Rs 32,976 per 10 grams Tuesday amid a weakening global trend and profit-booking by speculators. Gold for delivery in April was trading lower by Rs 70, or 0.21 per cent, at Rs 32,976 per 10 grams in a business turnover of 755 lots at the Multi Commodity Exchange. Similarly, the metal for delivery in March shed Rs 56, or 0.17 per cent, to Rs 32,875 per 10 gram in 527 lots. Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas, as the dollar rallied after comments from US Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates that reduced appeal of the precious metal as a safe haven investment. Globally, gold prices fell 0.01 per cent to USD 1,308.70 an ounce in New York Tuesday. (PTI)

Feb 12, 2019 1:47 PM

Karur Vysya Bank reports Q3 numbers; net profit falls significantly on YoY basis##Karur Vysya Bank reports Q3 numbers; net profit falls significantly on YoY basis

Feb 12, 2019 1:10 PM

Jet Airways shares erase losses, jump 3 percent##Jet Airways shares erase losses, jump 3 percent

Feb 12, 2019 1:09 PM

Reliance Home Finance Q3 net profit up 37 percent at Rs 55 crore##Reliance Home Finance Q3 net profit up 37 percent at Rs 55 crore

Reliance Home Finance, part of Reliance Capital, posted a 37.5 increase in its net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in the October-December quarter of 2017. The company's total income rose by 22 percent to Rs 516 crore in the third quarter ended December 31, 2018, from Rs 424 crore in the year-ago period. Reliance Home Finance shares fell 6.43 percent to Rs 24.75 per share.

Feb 12, 2019 12:50 PM

Tata Motors global sales fall 12 percent in January, shares little changed##Tata Motors global sales fall 12 percent in January, shares little changed

Tata Motors reported a 12 percent fall in global sales, including that of Jaguar Land Rover, at 1,00,572 units in January this year. The company had sold a total of 1,14,797 units in the same month last year. Global wholesale of all Tata Motors' commercial vehicles and Tata Daewoo range in January 2019 stood at 40,886 units, down 9 percent from the same month last year, the company said in a statement. It had sold 44,828 units in the same month last year. The company's global sales of all passenger vehicles in January this year were at 59,686 units, a decrease of 15 per cent from 69,969 units in the same month last year. Global sales for Jaguar Land Rover were 41,676 vehicles. Jaguar sales for the month stood at 12,904 units, while Land Rover sales for the month were at 28,772 units. Tata Motors shares traded 0.13 percent lower at Rs 152.52 per share.

Feb 12, 2019 12:10 PM

Has Canfin Homes beat the litmus test of liquidity crisis?

The non-banking finance (NBFC) and housing finance sectors (HFC) experienced one of the toughest quarters as liquidity crisis hit its peak.

Feb 12, 2019 11:38 AM

Dr Reddy's Laboratories launches Tadalafil Tablets USP in the US##Dr Reddy's Laboratories launches Tadalafil Tablets USP in the US

Dr Reddy's Laboratories today announced the launch of Tadalafil Tablets USP, a therapeutic equivalent generic version of Adcirca (tadalafil) Tablets in the United States market, approved by the USFDA. Tadalafil is used to treat high blood pressure in the lungs (pulmonary hypertension). It works by relaxing and widening the blood vessels in the lungs that allows the blood to flow more easily. The stock quoted at Rs 2,614.95, mildly in the red at 11.30 am on the NSE.

Feb 12, 2019 11:29 AM

PI Industries at 10-month high on robust third quarter earnings##PI Industries at 10-month high on robust third quarter earnings

Shares of PI Industries surged 9 percent to hit a 10-month high of Rs 915, buoyed by a robust set of quarterly numbers reported by the company. The agrochemical company posted a 32 percent growth in revenue to Rs 7.08 billion, largely contributed by a ramp up in demand for existing products in export markets. The topline was also supported by a 9 percent growth in domestic revenue. The strong revenue led the company to report a better-than-expected net profit of Rs 1 billion. (Cogencis)

Feb 12, 2019 11:11 AM

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