Rupee ends slightly weaker at 72.69##Rupee ends slightly weaker at 72.69

Sept 25, 2018 5:09 PM

Kotak Bank, HDFC twins, HUL, Axis Bank among Sensex gainers, PowerGrid, Yes Bank drag##Kotak Bank, HDFC twins, HUL, Axis Bank among Sensex gainers, PowerGrid, Yes Bank drag

Sept 25, 2018 3:43 PM

Closing Bell: Sensex, Nifty end higher lifted by financials, Yes Bank shares dip##Closing Bell: Sensex, Nifty end higher lifted by financials, Yes Bank shares dip

The BSE Sensex settled at 36,652, jumping 347 points, or 0.96 percent, while the NSE Nifty50 rose to 11,067.45, rising by over 100 points, or 0.91 percent at close. HDFC twins, Kotak Bank, Infosys, Hindustan Unilever, Axis Bank, SBI, Maruti Suzuki, ITC, ICICI Bank supported indexes, while TCS, PowerGrid, Reliance Industries, Yes Bank, Coal India among the laggards. Midcaps also ended in the green, marginally up by 0.36 percent. Bank Nifty rose over a percent.

Sept 25, 2018 3:41 PM

Banks, NBFCs recover after LIC statement##Banks, NBFCs recover after LIC statement

Shares of banks and financial services companies recovered after Life Insurance Corp. of India said it will not let IL&FS group companies collapse. India's largest public sector insurance behemoth holds 25 percent stake in IL&FS, said all options to resolve issue being faced by the company are "on the table" and it will ensure the contagion does not spread. IL&FS and its subsidiaries defaulted on debt repayments recently, following which credit rating agencies downgraded them to junk from AAA. At 3.15 pm, Nifty Bank index was up 1.25 at 25,281 points, while Nifty Financial Services was at 10679, up 1.85 percent. Nifty PSU Bank surged 1.23 percent, while PVT Bank shares rose 1.16 percent. The NSE Nifty50 rose over 109 points, or 0.99 percent, to trade at 11,076.30. The BSE Sensex jumped 378 points, or 1.04 percent, to trade at 36,683.12.

Sept 25, 2018 3:18 PM

Rupee trades at 72.67, recovers 30 paise from intra-day low of 72.96 against the dollar##Rupee trades at 72.67, recovers 30 paise from intra-day low of 72.96 against the dollar

Sept 25, 2018 3:07 PM

IL&FS group companies up as LIC says will not let IL&FS sink##IL&FS group companies up as LIC says will not let IL&FS sink

Shares of Infrastructure Leasing & Financial Services group companies recovered after Life Insurance Corp of India said it will not let crisis-hit parent Infrastructure Leasing & Financial Services collapse. LIC of India's statement came after IL&FS group, which is facing a severe liquidity crunch, defaulted on interest payments, leading to heightened concern among investors. LIC holds over 25 percent stake in IL&FS. At 2.21 pm, shares of IL&FS Transportation Networks and IL&FS Engineering and Construction Co were up 6 percent and 14 percent, respectively. (Cogencis)

Equity indices bounced back ahead of the closing trade on Tuesday with the BSE Sensex trading at 36,540.30, surging by 235.28 points, or 0.65 percent at 2.55 pm. The NSE Nifty50 traded at

11,038.70, higher by 71.30 points, or 0.65 percent.

Sept 25, 2018 2:57 PM

Market erases gains as financials continue to drag; DHFL down 25%##Market erases gains as financials continue to drag; DHFL down 25%

Sept 25, 2018 2:03 PM

Yes Bank hit 52-week low, Sensex down by over 100 points##Yes Bank hit 52-week low, Sensex down by over 100 points

Shares of Yes Bank today hit a 52-week low of Rs 197.25, dipping nearly 8 percent as the board meeting takes place to decide future course of action after the RBI last week curtailed CEO and MD Rana Kapoor’s term until Jan 31, 2019. Yes Bank shares opened at Rs 230 and recovered in early trade to hit the day's high of Rs 238.85, but later fell to its 52-week low amid the ongoing NBFC sell-off. The share touched Rs 404, its 52-week high on 20th August this year. The NSE Nifty50 traded at 10,930, down by over 37 points, or 0.34 percent at 1.42 pm. The BSE Sensex traded at 36,176.84, sliding by 128.18 points, or 0.35 percent.

Sept 25, 2018 1:44 PM

Eicher Motors hits 52-week low, Sensex, Nifty erase gains##Eicher Motors hits 52-week low, Sensex, Nifty erase gains

Shares of truck and bus maker Eicher Motors Ltd fell 2.53 percent to Rs 25,200, losing Rs 652.80 in value, the lowest since March 31, 2017. It hit a 52-week low of Rs 25,035.25 in trade today, after opening at Rs 25,860. Stock is down 14.8 percent this year as of last close, compared with the broader NSE Index’s 4.2 percent gain. Meanwhile benchmark indexes have trimmed gains amid continued selling pressure in NBFCs. The BSE Sensex traded at 36,342.05, higher by 37.03 points, or 0.10 percent, while the NSE Nifty50 traded at 10,966, down by 1.40 points, or 0.01 percent at 1.25 pm.

Sept 25, 2018 1:28 PM

IL&FS and subsidiaries file petition with NCLT to restructure debt##IL&FS and subsidiaries file petition with NCLT to restructure debt

IL&FS Financial Services Ltd has informed BSE that the Infrastructure Leasing & Finance Services Limited ((IL&FS) ultimate holding Company of IL&FS Financial Services Limited (the Company) has filed an application with the National Company Law Tribunal, Mumbai Bench on September 24, 2018 seeking certain reliefs in connection with filing of a scheme of arrangement under Section 230 of the Companies Act, 2013 in respect of IL&FS and the Company, which scheme will be prepared in compliance with applicable law and subject to necessary consents of the shareholders, creditors, regulators and board of directors of the relevant entities. Shares of IL&FS Investment Managers ltd dipped nearly 7 percent, while IL&FS Transportation Networks slipped over 3 percent. IL&FS Engineering and Construction Co ltd fell 6.54 percent.

Sept 25, 2018 1:12 PM

Sugar stocks surge in trade##Sugar stocks surge in trade

Sept 25, 2018 12:42 PM

GAIL falls 4%; CPSE ETF may pull out Rs 6.8 billion##GAIL falls 4%; CPSE ETF may pull out Rs 6.8 billion

GAIL India shares fell more than 4 percent as exclusion of the stock from the Nifty CPSE index will see the Nifty CPSE ETF, managed by Reliance Mutual Fund, exit the stock. This could lead to outflow of Rs 6.8 billion. Nifty CPSE ETF held 0.8 percent stake in the company as on August 31, data on the fund house's website showed. Gail shares traded at Rs 367.50, down by 3.52 percent. Meanwhile, benchmark indexes extended gains with the BSE Sensex trading at 36,471.72, surging 166.70 points, or 0.46 percent at 12.40 pm. The NSE Nifty50 traded at 11,014.95, higher by 47.55 points, or 0.43 percent.

Sept 25, 2018 12:41 PM

Autoline Industries spikes over 8% on Pune land deal##Autoline Industries spikes over 8% on Pune land deal

Autoline Industries Ltd shares spiked over 8 percent after reports that its unit Autoline Industrial Parks has signed an agreement with Poddar Habitat Pvt Ltd, a unit of Poddar Housing and Development Ltd, to transfer a land parcel in Pune in phases. Autoline Industries shares traded 8.21% up at Rs 70.50 at 11.49 am. The NSE Nifty50 traded higher by 27.30 points to trade a tad below 11,000 mark at 10,994.74.

Sept 25, 2018 11:50 AM

Market recovers, trading at day's high currently##Market recovers, trading at day's high currently

Sept 25, 2018 11:12 AM

TCS recovers post early slump on defensive buying##TCS recovers post early slump on defensive buying

Shares of Tata Consultancy Services recovered, having declined nearly 2 percent earlier in the session, because of defensive buying by domestic and foreign institutional investors, said a dealer. Shares of the information technology giant had fallen nearly 2 percent on report that the company has been sued by three US citizens for alleged employment discrimination based on race and origin. The company "believes that the allegations by the plaintiffs are baseless, and is confident that it will successfully defend itself," the report said, quoting a TCS spokesperson. With investors seeking safety and the outlook for the company being positive, panicked investors have bought the stock in recent session to protect their capital. (Cogencis)

Sept 25, 2018 10:47 AM

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