Closing Bell: Sensex, Nifty end higher led by auto, banking stocks ##Closing Bell: Sensex, Nifty end higher led by auto, banking stocks

- Indian shares ended higher on Wednesday, led by Yes Bank and Tata Motors, while gains in broader Asia amid easing Sino-US tensions also buoyed trading sentiment.

- The Sensex ended 125 points higher at 37,271, while the broader Nifty50 index added 33 points to end the day at 11,036.

- Yes Bank, Tata Motors, Eicher Motors, Maruti Suzuki and JSW Steel were the top gainers on the Nifty50, while ONGC, Wipro, GAIL, HCL Tech, ZEE led the losses.

- Among sectors, buying was seen, in realty, auto, PSU Bank, and metal indices, while selling was seen in IT and FMCG indices.

Sept 11, 2019 3:37 PM

These NSE stocks hit their 52-week highs or lows on September 11

Indian shares extended gains in the afternoon trade on Wednesday led by gains in realty, auto and PSU banks. Market sentiment has also improved due to positive global cues and hopes of further measures by the government to boost the economy.

Sept 11, 2019 3:22 PM

Tata Motors rallies 8% as retail sales in China continue to recover##Tata Motors rallies 8% as retail sales in China continue to recover

Shares of Tata Motors rose over 8 percent on Wednesday after the company said that its retail sales in China continued to recover, up 17.4 percent year-on-year in August. The company said the demand for the all-new Range Rover Evoque continued to strengthen (up 50.9 percent year-on-year) with sales just beginning in China, and sales of the Range Rover Sport increased by 6.4 percent. The Jaguar XJ saw an increase of 31.1 percent and sales of the all-electric Jaguar I-PACE also increased. READ MORE

Sept 11, 2019 3:08 PM

Here's a quick catchup of all the latest market action##Here's a quick catchup of all the latest market action

- Indian markets were trading higher on Wednesday, tracking gains in Asian peers, with Nifty above 11,000 and Sensex up around 150 points.

- Among gainers, YES Bank rose over 13 percent on peports of Rana Kapoor selling stake to Paytm, while Tata Motors was up 8 percent on better than expected China sales nu,bers in August.

- Major buying was seen in auto, banking and metal sectors, while IT sector declined during the day.

- NK Minda, chairman of Minda Industries, said the government should do away with the old classification of GST rates and should have a standard rate of 18 percent across the auto sector whether it is component or automobiles.

Sept 11, 2019 2:54 PM

A route back to the roots! Up 96% in 5 years, how this FMCG stock plans to beat the slowdown

This stock has nearly doubled its stock price in the last 5 years, surging over 96 percent from Rs 226 in 2014 to Rs 444 currently.

Sept 11, 2019 2:35 PM

Market is currently giving outstanding buying opportunities, says Sivaram of Enam Holdings##Market is currently giving outstanding buying opportunities, says Sivaram of Enam Holdings

Sridhar Sivaram, investment director at Enam Holdings, spoke to CNBC-TV18 about the current trend in the stock market and shared outlook. Sivaram is of the view that the market is currently giving outstanding buying opportunities. “In the broader market there has been decimation of prices and there have been maybe collateral damage of good stocks but these are best times to buy,” Sivaram said, adding that one needs to have a lot of patience because one may not get returns easily but when the returns come, it will be difficult to catch these stocks. READ MORE

Sept 11, 2019 2:15 PM

Auto sector hopes GST rate cut after FM promises more steps##Auto sector hopes GST rate cut after FM promises more steps

After finance minister Nirmala Sitharaman hinted at more steps to help the auto companies, the industry experts hope the government will take some actions on the auto industry's key demands: GST rate cut and scrappage policy. The finance ministry is considering suggestions from automobile and auto component manufacturers, said Sitharaman. “We are working on a few things. Let’s see what comes out. We are conscious that we need to respond." READ MORE

Sept 11, 2019 1:57 PM

Why SIPs should not be discontinued when markets are volatile

The domestic stock market has been on a roller-coaster ride lately amid concerns over a cyclical slowdown, low GDP numbers on the back of weakness in private consumption and investment, stress in many sectors, global trade tensions and recessionary indicators at a global level.

Sept 11, 2019 1:40 PM

Here's a quick catchup of all the latest market action##Here's a quick catchup of all the latest market action

- Indian markets were trading higher on Wednesday, tracking gains in Asian peers, with Nifty above 11,000 and Sensex up around 150 points.

- Among gainers, YES Bank rose over 13 percent on peports of Rana Kapoor selling stake to Paytm, while Tata Motors was up 8 percent on better than expected China sales nu,bers in August.

- Major buying was seen in auto, banking and metal sectors, while IT sector declined during the day.

- NK Minda, chairman of Minda Industries, said the government should do away with the old classification of GST rates and should have a standard rate of 18 percent across the auto sector whether it is component or automobiles.

Sept 11, 2019 1:33 PM

Sundaram MF: Investors confident equities will deliver in the long-term despite slowdown##Sundaram MF: Investors confident equities will deliver in the long-term despite slowdown

Mutual Fund (MF) inflows in August have risen by more than 12 percent. While the inflows into large and small cap funds have seen healthy growth, midcap funds have seen a contraction. Sunil Subramaniam, managing director and CEO, Sundaram Mutual Fund in an interview with CNBC-TV18 talked about market outlook. “While some long-term midcap and smallcap systematic investment plans (SIPs) have turned negative and there is this feeling that economic slowdown is on the anvil, I think from an asset allocation perspective, investors are still reasonably confident that equities will deliver over the long-term,” Subramaniam said. READ MORE

Sept 11, 2019 1:13 PM

Sovereign gold bond scheme opens for subscription: Key things to know

The sovereign gold bonds are government securities denominated in grams of gold and they are issued by the RBI.Get latest Bonds online at cnbctv18.com

Sept 11, 2019 12:53 PM

Gold prices inch higher; all eyes on ECB meet##Gold prices inch higher; all eyes on ECB meet

Gold prices edged higher on Wednesday, snapping a four-day losing streak on technical buying, while investors awaited European Central Bank's meeting where it is widely expected to cut interest rates. Spot gold was up 0.3 percent at $1,490.09 per ounce, as of 0414 GMT. In the previous session, prices fell to their lowest since August 13 at $1,483.90. US gold futures were little changed at $1,498.8 an ounce. READ MORE

Sept 11, 2019 12:35 PM

DFM Foods falls 9% on Advent International's open offer announcement##DFM Foods falls 9% on Advent International's open offer announcement

The share price of Crax maker DFM Foods plunged nearly 9 percent intraday on Wednesday after Advent International launched an open offer for another 26 percent stake or around 1.30 crore shares of the company at a price of Rs 249.50 per share. The price is lower than Rs 270.20 at which DFM Food shares closed on BSE on Monday. AI Global Investments (Cyprus) PCC, a step-down firm, will buy 67.90 percent of the promoters' stake from the Delhi-based company for a total consideration of Rs 851.66 crore. READ MORE

Sept 11, 2019 12:18 PM

India going through a slowdown every 10 years, says Kotak Mahindra Bank's Uday Kotak

Uday Kotak, MD of Kotak Mahindra Bank, in an exclusive interview with CNBC-TV18, said that India seems to be going through a slowdown every 10 years.

Sept 11, 2019 11:52 AM

Here's a quick catchup of all the latest market action##Here's a quick catchup of all the latest market action

- Indian markets were trading higher on Wednesday, tracking gains in Asian peers, with Nifty around 11,050 and Sensex up nearly 200 points.

- Auto, metal and PSU Bank indices saw buying in intra-day deals, up around 2 percent each, while Nifty IT fell over 1 percent.

- The share price of Crax maker DFM Foods plunged nearly 9 percent intraday on Wednesday after Advent International launched an open offer for another 26 percent stake or around 1.30 crore shares of the company at a price of Rs 249.50 per share.

- Sridhar Sivaram, investment director at Enam Holdings is of the view that the market is currently giving outstanding buying opportunities. He said that in the broader market there has been the decimation of prices and there have been maybe collateral damage of good stocks but these are best times to buy.

Sept 11, 2019 11:36 AM

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