Rupee extends gains; back below $71/$ for the first time since September 3##Rupee extends gains; back below $71/$ for the first time since September 3

Nov 22, 2018 4:12 PM

Sensex heatmap at close: Adani Ports major gainer, M&M, Tata Steel, Wipro top losers##Sensex heatmap at close: Adani Ports major gainer, M&M, Tata Steel, Wipro top losers

Nov 22, 2018 3:48 PM

Closing Bell: Sensex, Nifty extend losses at end, Nifty Bank dips 1%##Closing Bell: Sensex, Nifty extend losses at end, Nifty Bank dips 1%

The Sensex settled at 34,981, down by 219 points, or 0.62 percent, while the Nifty closed at 10,527, shedding 73 points, or 0.69 percent. The decline in broader markets was sharper with the Nifty MidCap ending lower by nearly a percent, while the BSE MidCap declined by 0.74 percent. Only Nifty Media advanced by 1.41 percent, while 42 sectors declined. The BSE Metal declined the most, falling by nearly 2 percent. BSE Telecom, Nifty PSU Banks and Nifty Realty were other major losers among sectoral indexes, falling by up to 1.76 percent.

Nov 22, 2018 3:46 PM

InterGlobe Aviation falls on loss of market share in October##InterGlobe Aviation falls on loss of market share in October

Shares of InterGlobe Aviation fell 3 percent as the company lost some of its share in the domestic civil aviation market in October, data released by the government showed. The company's market share in October stood at 42.8 percent, down 400 basis points from 43.2 percent in September. Passenger load factor of the company in October, however, rose to 83.1 percent from 82.7 percent in September. The company likely lost market share to Air India, whose market share increased to 12.2 percent in October from 11.8 percent in September. At 2.50 pm, shares of InterGlobe Aviation traded 2.07 percent lower at Rs 1,025.30.

Nov 22, 2018 2:50 PM

Adani Ports gains on Credit Suisse's positive outlook, Sensex, Nifty trade lower##Adani Ports gains on Credit Suisse's positive outlook, Sensex, Nifty trade lower

Shares of Adani Ports and Special Economic Zone rose over 2 percent to hit their one-month high of Rs 370.90 after brokerage firm Credit Suisse issued a positive outlook for the company. The brokerage said it expects strong container inflow at the company's ports, while recent revival in coal imports will also aid earnings. Adani Ports handles container traffic and mineral imports at nine ports owned and operated by it. (Cogencis) Shares of Adani Ports were up 2.2 percent at Rs 369.20 at 2.30 pm on the NSE. The benchmark Nifty traded lower by 31 points, or 0.29 percent at 10,569. The Sensex traded at 35,114, lower by 85 points, or 0.24 percent.

Nov 22, 2018 2:30 PM

Market update: Sensex, Nifty turn negative, ICICI Bank, RIL, M&M top drags##Market update: Sensex, Nifty turn negative, ICICI Bank, RIL, M&M top drags

The Sensex traded at 35,073, down by 126 points, or 0.37 percent at 1.45 pm, while the Nifty traded at 10,555, lower by 45 points, or 0.42 percent. Broader market underperformed with the Nifty MidCap down by 0.6 percent. The BSE MidCap slipped by 0.40 percent. While ICICI Bank, Reliance Industries, M&M dragged indexes, support came from TCS and HDFC. SBI, PowerGrid, HUL, IndusInd Bank, Tata Steel and Infosys also weighed on indexes.

Nov 22, 2018 1:47 PM

Wockhardt sees heavy buying in the last few minutes, stock spikes##Wockhardt sees heavy buying in the last few minutes, stock spikes

Nov 22, 2018 1:00 PM

Most Indian sectors will see revenue growth in 2019 despite external risks: Moody's##Most Indian sectors will see revenue growth in 2019 despite external risks: Moody's

The revenue growth of most Indian sectors including steel, mining and auto will continue to improve through 2019 despite the external headwinds, according to a Moody's report titled 'Non-financial corporates — India: 2019 Outlook'. "Revenue will grow for most Indian industries, despite external risks," said Saranga Ranasinghe, a Moody's analyst, who is also the author of the report. Read more

Nov 22, 2018 12:51 PM

Indoco up as ICRA reaffirms rating, keeps outlook 'stable'##Indoco up as ICRA reaffirms rating, keeps outlook 'stable'

Shares of Indoco Remedies gained 13 percent after ICRA said the outlook on its long-term rating has been kept 'stable'. ICRA has reaffirmed rating for the long-term borrowing programme of the company at A+, the company said in a filing. The short-term rating has been revised to A1 from A1+.

Nov 22, 2018 12:46 PM

Market update: Sensex, Nifty trade positive amid weak broader markets##Market update: Sensex, Nifty trade positive amid weak broader markets

The Sensex traded at 35,295, higher by 95 points, or 0.27 percent at 12.23 pm, while the Nifty was trading at 10,616, higher by 16 points, or 0.15 percent. Broader markets underperformed with the Nifty MidCap mildly higher by 0.09 percent, while the BSE MidCap was up by 0.15 percent. Among sectoral indexes, only 17 sectors advanced against 26 declining with Nifty IT leading the pack of gainers with more than a percent. BSE Metal dipped nearly a percent, leading among lagging sectors. Nifty PSU Bank and Pharma were other notable losers. Among top index gainers, shares of Zee Entertainment, Indiabulls Housing Finance, Tata Consultancy Services, Adani Ports, Tech Mahindra, ONGC, Bharti Airtel, Yes Bank traded higher by up to 2.6 percent. Among laggards, oil marketing companies declined with HPCL, BPCL and IOC shares dipping by up to 2 percent. UltraTech Cement, Tata Steel, Coal India, Power Grid Corp., M&M and Axis Bank were other major losers, falling by up to 1.65 percent.

Nov 22, 2018 12:24 PM

Indiabulls Housing up 3.5%, reverses 7-day slide##Indiabulls Housing up 3.5%, reverses 7-day slide

Shares of Indiabulls Housing Finance rose 3.5 percent, and reversed a seven-day slide, as concerns over liquidity subsided and investors are now looking at growth to sustain. Shares of Indiabulls Housing Finance had declined over the last seven trading sessions, falling 18 percent. At 11.15 am, shares of Indiabulls Housing Finance were up 2.4 percent at Rs 722.05, with over 4.1 million shares traded on the NSE, versus a daily average of 1.7 million shares.

Nov 22, 2018 11:19 AM

Nifty, Sensex slip from highs, broader indices slip##Nifty, Sensex slip from highs, broader indices slip

Nov 22, 2018 11:12 AM

Mangalam Maloo's quick take on why hotel, hospitality stocks gain in trade today##Mangalam Maloo's quick take on why hotel, hospitality stocks gain in trade today

Hotel and Hospitality stocks gain in trade on Thursday. Brokerage firm Motilal Oswal has initiated coverage on Taj owner, Indian Hotels Co., citing favorable dynamics for the industry. Motilal says Indian Hotels is the second largest domestic hotel player in the country and stands to benefit from higher occupancy, more demand and lower supply of rooms in the industry. Hotel Industry occupancy stands at 67 percent, which enables players to exercise pricing power. The company is well placed to capitalize on the growth opportunities as 85 percent of its 17,145 rooms are in India. Motilal expects the company to record revenue/ EBITDA CAGR of 9 percent/ 25 percent over FY18-20. They say ‘Check in Now’ with a ‘buy’ rating and a target price of Rs 163 on Indian Hotels. The commentary on hotel industry took other stocks like Taj GVK, Royal Orchid, Kamat Hotels, EIH & EIH Assoc higher by 5-10 percent in trade today.

Nov 22, 2018 10:33 AM

Tech Mahindra up on positive outlook, Sensex, Nifty climb up##Tech Mahindra up on positive outlook, Sensex, Nifty climb up

Shares of Tech Mahindra gained 3 percent on positive outlook. Brokerage firm Morgan Stanley has retained its "overweight" stance on Tech Mahindra shares with a price target of Rs 880, Cogencis reported. At 10.25 am, shares of the company were 1.50 percent up at Rs 701. Meanwhile, the Nifty traded higher by 40 points, or 0.37 percent, at 10,640 at 10.30 am, while the Sensex surged by nearly 140 points, or 0.40 percent, to trade at 35,339.

Nov 22, 2018 10:30 AM

Bharti Airtel down 3% as railways may not renew pact##Bharti Airtel down 3% as railways may not renew pact

Shares of Bharti Airtel fell 3 percent as a media report said that the Indian Railways may replace Bharti Airtel with Reliance Industries' subsidiary Reliance Jio Infocomm as its telecom service provider. Indian Railways has been using Bharti Airtel for over six years as its telecom provider for 195,000 mobile phone connections used by its employees in a closed user group across the country for which the railways pays around 1 bln rupees in bills per year, the report said. Bharti Airtel's current contract with the Indian Railways runs till December 31. At 9.20 am, shares of Bharti Airtel were down 2.75 percent at Rs 323.55.

Nov 22, 2018 9:29 AM

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