HDFC twins, Reliance, ITC, HUL were among top laggards on Sensex##HDFC twins, Reliance, ITC, HUL were among top laggards on Sensex

Sept 10, 2018 3:49 PM

Closing Bell: Sensex, Nifty tank as rupee hits fresh record low against the dollar##Closing Bell: Sensex, Nifty tank as rupee hits fresh record low against the dollar

Equity indices posted their biggest single-day fall in six months with the BSE Sensex and the NSE Nifty 50 losing over 1.2 percent in trade. The Sensex nosedived over 467 points in trade or by 1.22 percent to end at 37,922, closing below 38,000 mark. The NSE Nifty50 declined by over 150 points or 1.30 percent to settle at 11,438, with the 50-share broader NSE index ending below 1,450. All sectoral indices ended in the red with the Nifty Pharma dipping by over 2 percent. Only seven Nifty stocks ended with gains. HCL Technologies emerged as the top gainer, while Axis Bank also ended higher. NDFCs were among biggest losers, particularly Indiabulls Housing and Bajaj Finance. Reliance and HDFC contributed to 38 points in Nifty's decline.

Sept 10, 2018 3:44 PM

MidCap Mania: Nigel DSouza's pick for today is Rajratan Global Wire##MidCap Mania: Nigel DSouza's pick for today is Rajratan Global Wire

Sept 10, 2018 3:23 PM

Nifty PSU Bank declines 2.13 percent, Sensex falls over 450 points, Nifty loses 150 points##Nifty PSU Bank declines 2.13 percent, Sensex falls over 450 points, Nifty loses 150 points

Nifty PSU Bank declined over 2 percent today amid a plunging rupee and rising crude prices triggering fears of inflation. All 12 stocks on the sectoral indice traded lower between a percent and 3.26 percent. IDBI Bank was the top laggard, while Syndicate Bank also dipped by over 3 percent. Union Bank of India, SBI, PNB, Bank of India, Canadar Bank were other major losers. Meanwhile, the BSE Sensex traded lower by 460 points, or 1.20 percent, to trade at 37,929 at 3.15 pm. The NSE Nifty 50 slided by 154 points or 1.33 percent, to trade at 11,435.

Sept 10, 2018 3:20 PM

GNA Axles jumped 7 percent, Sensex trades lower by over 405 points##GNA Axles jumped 7 percent, Sensex trades lower by over 405 points

Shares of GNA Axles jumped 7 percent to hit Rs 396.75 in intra-day trade today. Shares traded at Rs 390, rising by 5.55 percent, or adding Rs 20.50 in value on the BSE at 3 pm. Speaking to CNBCTV-18, the company said it is revising revenue guidance higher to Rs 900 crore in Fy19 against Rs 800 crore earlier and expects Rs 900 crore of topline in FY19. The company is targeting 35 percent growth in exports to North American truck market and enhancing capaicty to meet that. Meanwhile, the BSE Sensex continues to trade lower by over 405 points, or down by 1.06 percent, to trade at 37,985.

Sept 10, 2018 3:05 PM

Market update: Sensex, Nifty trade lower by over a percent; Manappuram Finance dips 5%##Market update: Sensex, Nifty trade lower by over a percent; Manappuram Finance dips 5%

Shares of Manappuram Finance dipped to 52-week low of Rs 90.80 on profit-booking seen across all sectors. Shares traded at Rs 91.35, down by 4.84 percent at 2.38 pm on the BSE. Meanwhile, Nifty Financial Services traded lower by 1.25 percent. The NSE Nifty50 declined by 1.15 percent or by 134 points to 11,455. The BSE Sensex tanked by over 400 points or 1.04 percent to 37,989. Among the laggards, Bajaj Finance group stocks traded lower by over 4 percent each, while M&M, Sun Pharma, Vedanta declined between 3.3 percent and 3.51 percent. IndusInd Bank and Kotak Mahindra declined by 2.66 and 2.07 percent, respectively. Gainers were Axis Bank, HCL Technologies, Yes Bank, Infosys, Cipla, Wipro, Tata Motors, higher by up to 1.53 percent.

Sept 10, 2018 2:44 PM

Market update: Sensex, Nifty trade sharply lower, rupee edges back##Market update: Sensex, Nifty trade sharply lower, rupee edges back

The BSE Sensex traded 360 points or 0.94 percent lower to 38,029. The NSE Nifty50 traded at 11,470, down by 118 points or 1.02 percent.

Sept 10, 2018 1:53 PM

Rupee sees a major recovery post Govt’s comment of being vigilant##Rupee sees a major recovery post Govt’s comment of being vigilant

Sept 10, 2018 1:36 PM

Expensive Bajaj Finance, Bajaj Finserv shares down on profit booking##Expensive Bajaj Finance, Bajaj Finserv shares down on profit booking

Shares of Bajaj Finance and Bajaj Finserv were the worst hit on the Nifty 50 index as investors booked profits owing to the high valuations of these stocks. Bajaj Finance is trading at historically high valuations of 28 times its price to earnings estimates for 2019-20 (Apr-Mar). So far in 2018, shares of Bajaj Finance have given a return of 51.8 percent, while those of Bajaj Finserv have gained 22.5 percent. (Cogencis)

At 1.22 pm, shares of Bajaj Finance were down 2.79 percent at Rs 2,663.50, while those of Bajaj Finserv were trading down 2.48 percent at Rs 6,418.95. Meanwhile, the Indian rupee has posted recovery against the US dollar reportedly after RBI's intervention. At 1.24 pm, the rupee traded at 72.33 against the dollar. Indexes continue to trade lower with the BSE Sensex slipping by 403 points or over a percent to 37,987, at 1.27 pm. The NSE Nifty 50 too declined by 1.10 percent to trade lower by 128 points to 11,461.

Sept 10, 2018 1:28 PM

Only Axis Bank trades positive on Nifty Bank##Only Axis Bank trades positive on Nifty Bank

Sept 10, 2018 12:51 PM

Tata Global Beverages hits 10-week high on international operations restructuring##Tata Global Beverages hits 10-week high on international operations restructuring

Tata Global Beverages Ltd rises as much as 5.5 percent to Rs 235.15 – its biggest intraday percent gain in nearly 10 weeks. The company engaged in trading, production and distribution of tea, coffee and water, is restructuring its international operations to save costs, boost efficiency. The company said erstwhile EMEA and CAA (Canada, Australia, and Americas) units will be merged into a single unit called International Business Division. It also said that it has restructured operating model in Russia, divested its stake in plantations in Sri Lanka, and exited its JV business in China. More than 3.1 million shares traded vs 30-day average of 2.9 million shares. At 12.22 pm, shares traded at Rs 225.20, rising by 0.87 percent. (Reuters)

Meanwhile, the BSE Sensex hovered just above the 38,000 mark, falling by nearly 380 points or by over jsut about a percent to 38,010 at 12.23 pm. The NSE Nifty 50 shed 131 points or 1.13 percent to trade well below the 11,500 mark at 11,458.

Sept 10, 2018 12:25 PM

Rupee extends losses, hits fresh record low of 72.55 against the US dollar##Rupee extends losses, hits fresh record low of 72.55 against the US dollar

Sept 10, 2018 12:08 PM

Market update: Sensex, Nifty edge back from day's low##Market update: Sensex, Nifty edge back from day's low

The BSE Sensex traded 260 points lower or by 0.70 percent to 38,123, while the NSE Nifty 50 shed 84 points or 0.72 percent to 11,505 at 11.41 am. So far, the NSE index has ranged between a high and a low of 11,573 and 11,489, respectively. It opened at 11,570. The BSE index started at 38,348 and has ranged between a high of 38,354 and a low of 38,084.

Sept 10, 2018 11:50 AM

Rupee falls to record low of 72.4650/$##Rupee falls to record low of 72.4650/$

Sept 10, 2018 11:19 AM

RITES surges 5% as company gets Rs 3 billion order##RITES surges 5% as company gets Rs 3 billion order

Shares of RITES gained 5.3 percent today after the company bagged an order worth Rs 2.95 billion from the railway ministry. The order entails doubling of the 41.5-km-long Dharmavaram-Penukunda rail line under the South Western Railways, the company said. Shares of the company traded 3.72 percent higher at 270.70 on the BSE at 10.31 am.(Cogencis)

Sept 10, 2018 10:31 AM

Load more