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

Sept 17, 2018 3:55 PM

Closing Bell: Sensex tanks over 500 points, Nifty ends below 11,400##Closing Bell: Sensex tanks over 500 points, Nifty ends below 11,400

The BSE Sensex ended below the 37,600 mark, closing at 37,585.51, diving 505.13 points, or 1.33 percent, while the NSE Nifty 50 settled at 11,377.75, shedding 137.45 points, or 1.19 percent. All major sectoral indices barring Nifty IT and Realty ended in the red, while HDFC Bank, Reliance Industries, consumer, bank and financial stocks dragged indexes lower.

Sept 17, 2018 3:43 PM

CBDT to push for action against tax evaders##CBDT to push for action against tax evaders

Sept 17, 2018 3:26 PM

Sun Pharma down on news Mohali unit gets US FDA Form 483##Sun Pharma down on news Mohali unit gets US FDA Form 483

Shares of Sun Pharmaceutical Industries fell 2.2 percent on Monday after a media report said the US Food and Drug Administration has issued a Form 483 to the company's facility in Mohali, Punjab. The facility was acquired by the company from Ranbaxy Laboratories a few years ago. The Mohali facility is not a significant contributor to the company's revenues from the US, said an analyst. At 3.10 pm, shares of Sun Pharmaceutical Industries were down 2.38 percentto trade at Rs 647.45.

Meanwhile, the Nifty extended losses with the 50-share index trading at 11,386.85, down by 128.35 points, or 1.11 percent, while the Sensex hovered just above 37,000 mark, trading at 37,605.08, tankiong by 485.56 points, or 1.27 percent at 3.10 pm.

Sept 17, 2018 3:13 PM

Monsanto India spikes 17%, BF Investment soars 12%##Monsanto India spikes 17%, BF Investment soars 12%

Shares of Monsanto India jumped 17.07 percent to trade at Rs 3,320, gaining Rs 484.20 in value, on the NSE at 2.47 pm. The stock touched 52-week high of Rs 3,371 today, after opening at Rs 2800.80.

Shares of BF Investment ltd rose 12.06 percent to Rs 357.40. The stock opened at Rs 314.60 and has ranged between a high of Rs 358 and a low of Rs 314.30. BF Utilities' shares also jumped 4.36 percent to Rs 321.80, adding Rs 13.45 in value.

Sept 17, 2018 2:50 PM

Glenmark Pharmceuticals shares slip by 1%, Sensex, Nifty trade weak##Glenmark Pharmceuticals shares slip by 1%, Sensex, Nifty trade weak

Glenmark Pharmaceuticals shares traded at Rs 684.85, slipping lower by 1.08 percent on the NSE at 2.22 pm. The scrip opened at Rs 692.20 and touched a high and a low of Rs 705 and Rs 673.80 respectively. CNCBTV18's Ekta Batra reports that the US Food and Drug Administration has started inspection at the pharma company's Baddi facility. The US agency may be conducting product specific inspection at the unit, while there has been no comment from Glenmark with respect to FDA inspection.

Meanwhile, equity indices continue to trade under pressure ahead of the last hour of trade. The NSE Nifty 50 was lower by 106 points, or 0.92 percent, to trade at 11,409. The BSE Sensex slumped nearly 397 points, or 1.04 percent, to trade at 37,693.83.

Sept 17, 2018 2:27 PM

Sensex, Nifty, Nifty Bank continue to trade with losses of more than 1%##Sensex, Nifty, Nifty Bank continue to trade with losses of more than 1%

Sept 17, 2018 1:36 PM

HDFC twins trade lower, bank hikes base rate by 20bps##HDFC twins trade lower, bank hikes base rate by 20bps

Shares of HDFC Bank traded at Rs 1,995.95, lower by 1.66 percent on the NSE at 1.25 pm. The stock opened at Rs 2,021.30 and has hit a low of Rs 1,995.05 and a high of Rs 2,022.95. The bank today raised base rate by 20 bps to 9.15 percent effective September 19. Shares of HDFC, the lender's financial services company, also traded sharply negative. HDFC shares were down by 2.44 percent to trade at Rs 1,878.55, losing Rs 46.90 in value. It opened at the day's high of Rs 1,910 and hit a low of Rs 1,873.65.

Sept 17, 2018 1:30 PM

Oracle Financial Services Software shares soar 7.5% on large trade deal##Oracle Financial Services Software shares soar 7.5% on large trade deal

Shares of Oracle Financial Services Software ltd rose 7.53 percent to trade at Rs 4,573, adding Rs 320.15 in value, on the NSE at 12.55 pm. The stock opened at Rs 4,249.95, and touched 52-week high of Rs 4,579.95 after a large trade involving nearly 4.2 lakh shares. At 1 pm, over 5.67 lakh shares were traded on the NSE index.

Benchmark indexes recouped some losses as midcaps recovered from the day's low. The NSE Nifty50 traded at 11,401.15, still down by 114.05 points, or 0.99 percent, while the BSE Sensex slided by 40.3.51 points, or 1.06 percent, to trade at 37,687.13.

Sept 17, 2018 1:03 PM

European markets open weak, DAX down 0.5%##European markets open weak, DAX down 0.5%

Sept 17, 2018 12:41 PM

IL&FS group stocks bounce back on LIC hopes##IL&FS group stocks bounce back on LIC hopes

Shares of IL&FS Engineering and Construction Co. ltd jumped 16.73 percent on Monday to trade at Rs 15.35. Buying in stock picked up after optimism grew over some support from the Life Insurance Corporation of India. The share opened at Rs 13.15 and touched a high of Rs 15.60. Other group company shares too rose. While ITNL surged 6.54 percent to trade at Rs 25.25, IL&FS Investment Managers rose 1.52 percent to trade at Rs 10.

Meanwhile, equity indices recovered mildly after the Indian rupee gained strength against the US dollar. The BSE Sensex dipped 393 points lower, or 1.03 percent, to trade at 37,696.97, while the NSE Nifty50 declined over 103 points, or 0.90 percent, to trade at 11,411.

Sept 17, 2018 12:17 PM

Redington board approves buyback of up to 1.11 crore equity shares at Rs 125/share##Redington board approves buyback of up to 1.11 crore equity shares at Rs 125/share

Sept 17, 2018 11:19 AM

Market update: Sensex plunges 453 points, Nifty slips below 11,400 mark##Market update: Sensex plunges 453 points, Nifty slips below 11,400 mark

The BSE Sensex plunged by nearly 453 points, or 1.19 percent, to trade at 37,637.87 at 11.10 am, while the NSE Nifty 50 also slumped by 1.13 percent, or 129 points, to 11,385.60. Midcaps were down by 0.82 percent each. Shares of Bajaj Finance, HDFC, SBI, Titan Company, NTPC slipped between 3 and 2 percent. Index heavweight Reliance Industries was down by 1.80 percent and ICICI Bank slipped lower by 1.65 points. Wipro was the only major gainer on the BSE frontline index, while BPCL, HPCL, Zee Entertainment and Tech Mahindra rose on the NSE by up to 2.43 percent. The Indian rupee traded at 72.64 level against the US dollar, falling by over a percent.

Sept 17, 2018 11:16 AM

Wipro hits 52-week high of Rs 336 after Mercury Network deal##Wipro hits 52-week high of Rs 336 after Mercury Network deal

Shares of IT major Wipro touched 52-week high of Rs 336, rising nearly 2 percent in the early trade on Monday as the IT company has joined hands with the Mercury Network to offer loan appraisal management platform. Shares traded at Rs 334.35, still up by 1.26 percent at 10.28 am. Over 1.6 million shares traded on the NSE.

Sept 17, 2018 10:29 AM

Titan Co slumps 3% on fears of curbs on gold import##Titan Co slumps 3% on fears of curbs on gold import

Shares of Titan Companyh fell nearly 3 percent today after reports that the government may ban import of non-essential items such as gold to contain the country's current account deficit. Shares traded at Rs 824.50, down by 2.15 percent at 10.16 am. The stock opened at Rs 834.8 and touched a low of Rs 816.7.

The Sensex continues to trade weak, dipping by 351 points, or by 0.92 percent, to 37,739. The Nifty also fell 99 points, or 0.86 percent, to trade at 11,416.

Sept 17, 2018 10:19 AM

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