Sun Pharma, Bharti Airtel among top Sensex gainers##Sun Pharma, Bharti Airtel among top Sensex gainers

Aug 16, 2018 3:45 PM

Closing Bell: Sensex, Nifty close sharply lower##Closing Bell: Sensex, Nifty close sharply lower

The Sensex settled at 37,663.56, sharply lower by 188.44 points, or 0.50 percent, while the Nifty 50 dipped below the 11,400 markt, to settle at 11,385.05, down by 50.05 points, or 0.44 percent. The benchmar indices slipped further in the last hour of trade after recovering from opening levels. Kotak Mahindra Bank was the top loser, shedding nearly 4 percent after the RBI rejected its preferential issue. The bank contibuted nearly 140 points to NiftyBank's fall, while HDFC, Kotak Mahindra Bank, Reliance Industries contributed 45 points to Nifty's decline.

Aug 16, 2018 3:37 PM

Jet Airways shares spike over 6% on Blackstone Group deal##Jet Airways shares spike over 6% on Blackstone Group deal

Shares of Jet Airways trade higher by 6.18 percent at Rs 300.80, gaining Rs 17.50 in value, on the BSE at 3.17 pm. The aviation company's stock spiked after reports of Blackstone Group LP to buy stake in co’s loyalty programme Jet Privilege Private Ltd, valued at Rs 3000-4000 crore rupees. The deal would be dependant on Jet Airways securing adequate funding for its airline operations. Jet Airways, Etihad Airways jointly own Jet Privilege.

Aug 16, 2018 3:21 PM

Maruti Suzuki increases price of cars upto Rs 6,100 ex-showroom Delhi, w.e.f August 16##Maruti Suzuki increases price of cars upto Rs 6,100 ex-showroom Delhi, w.e.f August 16

Aug 16, 2018 3:15 PM

Market update: Sensex, Nifty extend losses ahead of close##Market update: Sensex, Nifty extend losses ahead of close

The BSE Sensex trades 166 points down, or by 0.44 percent, to 37,685, while the NSE Nifty 50 is lower by nearly 42 points, or 0.37 percent, to 11,393.25.

Aug 16, 2018 3:13 PM

GAIL India hits over 21-yr high; technicals suggest more upside##GAIL India hits over 21-yr high; technicals suggest more upside

State-run gas utility GAIL (India) Ltd’s shares rise as much as 5.16 pct to Rs 399.4, their highest since March 20, 1997. Stock breaks above a resistance at Rs 392.2, the 38.2 percent Fibonacci projection level of the uptrend from August 25, 2015 low to December 28, 2017 high. Breakout is supported by volume as the 5-day average volume is 46 percent higher than its 50-day average. Breakout suggests the stock may now rise up to the next resistance at Rs 421, the 50 percent projection level. Stock’s wave pattern suggests it is in the initial wave of a five-wave uptrend. MACD is positive and above its signal line. Stock is up 1.35 percent this year as of last close, underperforming the broader NSE Index’s 8.6 percent gains in the same period. (Reuters)

Aug 16, 2018 2:50 PM

Market update: Sensex, Nifty cut losses, weak rupee weighs on indexes##Market update: Sensex, Nifty cut losses, weak rupee weighs on indexes

Indian markets cut losses ahead of the last hour of trading on Thursday but still trade lower on account of weakness in rupee against the dollar. The BSE Sensex was trading at 37,749.56, down by over 102 points, or 0.27 percent, while the NSE Nifty 50 was above 11,400, trading at 11,403.25, nearly 32 points down, or 0.28 percent. Meanwhile, the Nifty IT index today hit its lifetime high of 15122.65 points, aided by shares of Infosys touching hit a lifetime high of Rs 1,432 as the Indian rupee extended losses against the US dollar. So far in 2018, shares of Infosys have risen 37 percent, while those of Tata Consultancy Services have risen 48 percent. Tech Mahindra has risen 33 percent. These three stocks have outperformed the Nifty IT, which has gained 29 percent so far in 2018. Among the under-performers, were shares of HCL Technologies having risen 12.2 percent so far this year, while those of Wipro have declined 11 percent in the same period.

Aug 16, 2018 2:36 PM

Bharti Airtel among Sensex gainers##Bharti Airtel among Sensex gainers

Bharti AXA Life Insurance & Airtel Payments Bank announce alliance to offer 'Pradhan Mantri Jeevan Jyoti Bima Yojana'. Bharti Airtel shares jump over a percent to Rs 370.55 at 1.41 pm on the BSE. Meanwhile, benchmark indexes, the Sensex and the Nifty 50 slipped lower in the afternoon trade on Thursday after the Indian rupee touched a new low of 70.39 against the dollar. Midcaps too have failed to sustain recovery seen around noon and have slipped lower in the red. BSE MidCap is down by 0.28 percent. Only Auto, FMCG, IT, Pharma and PSU Bank trade in the green. Nifty Metal is down by 2.22 percent. BSE Telecom is flat, higher by just 0.05 percent.

Aug 16, 2018 1:46 PM

Sensex down by 125 points, Nifty below 11,400 on rupee slide to 70.39/$##Sensex down by 125 points, Nifty below 11,400 on rupee slide to 70.39/$

Aug 16, 2018 1:40 PM

Worst over, says banking secretary Rajiv Kumar, PSU Bank stocks rise##Worst over, says banking secretary Rajiv Kumar, PSU Bank stocks rise

The Nifty PSU Bank index rose 1.3 percent today after banking secretary Rajiv Kumar said that the "worst is over" for state-owned banks in terms of asset quality. The secretary said asset quality and operating profit of state-owned banks are improving, adding that the government will provide additional capital to these banks whenever required. Shares of IDBI Bank, Punjab National Bank, Union Bank of India, Canara Bank, Allahabad Bank, and State Bank of India rose 0.9-4.2 percent. At 1.05 pm, the Nifty PSU Bank index was up 1.1 percent. (Cogencis)

Aug 16, 2018 1:17 PM

MMTC falls on weak June quarter results##MMTC falls on weak June quarter results

Shares of MMTC Ltd were down 3.3 percent at Rs 32.2, their biggest percent loss since July 16 after the company on Tuesday reported a 45 percent fall in June quarter profit to Rs 9.94 crore. Revenue from operations fell to Rs 5,088 core from Rs 6,320 crore last year. Stock is down nearly 32 percent this year as of last close. Shares traded at Rs 32.35, down by 3.14 percent at 1 pm on the BSE.

Aug 16, 2018 1:05 PM

HDIL shares jump 16% after strong June earnings##HDIL shares jump 16% after strong June earnings

Shares of Housing Development & Infrastructure Ltd (HDIL) rose 16 percent to hit their three-month high of Rs 30.10 after the company reported strong earnings for the quarter ended June. On Tuesday, the stock had risen 11.4 percent after the company reported a net profit of Rs 2.47 million for April-June as against Rs 75.4 million in the year-ago period. The consolidated revenue from operations was Rs 1.7 billion as against Rs 858.2 millio in the year-ago period. At 12.30 pm, shares of HDIL traded 13 percent higher at Rs 29.30. (Cogencis)

Aug 16, 2018 12:57 PM

Dilip Buildcon rises on strong Q1 results##Dilip Buildcon rises on strong Q1 results

Shares of Dilip Buildcon Ltd rose as much as 4.8 percent to Rs 888, its highest in over a week, after the construction and engineering company's profit more than doubled to Rs 255 crore ($36.34 million). Revenue from operations for the quarter surged 46.4 percent to Rs 2,436 crore. More than 252,700 shares traded vs 30-day average of 398,635 shares. As of last close, stock up 61.8 percent in the last 12 months. Shares traded at Rs 853, rising by 1.05 percent on the BSE at 12.46 pm.

Meanwhile, the BSE Sensex trades lower by 42 points, or 0.11 percent, to 37,809.47, while the Nifty 50 was down by 13 points, or 0.11 percent, to 11,422.40. Nifty MidCap was up by 0.33 percent, while the BSE MidCap was higher by 0.22 percent. Nifty Bank trades lower by 0.24 percent, however, PSU Bank surged by 1.16 percent. Nifty Private Bank was lower by 0.26 percent.

Aug 16, 2018 12:49 PM

Buzzing stocks: Zensar up over 10%, Cyient, Bhushan Steel, Sonata Soft also rise##Buzzing stocks: Zensar up over 10%, Cyient, Bhushan Steel, Sonata Soft also rise

Aug 16, 2018 12:42 PM

Kerala floods impact: Muthoot Finance, Manappuram Finance trade lower##Kerala floods impact: Muthoot Finance, Manappuram Finance trade lower

Kerela-based companies such as Muthoot Finance, Manappuram Finance, and Kitex slipped up to 2 percent in morning trade on Thursday amid worsening flood situation in the state, Moneycontrol reported. Muthoot Finance was trading 0.68 percent, Manappuram Finance was down by 1.01 percent while Kitex Garments was trading 1.7 percent lower, it added.

Also, keep track of all the latest updates and developments from the state in our Kerala floods live blog.

Aug 16, 2018 11:40 AM

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