Markets at close: Here are the main highlights##Markets at close: Here are the main highlights

Market slips from highs but closes in the green for 3rd straight day

Nifty slips nearly 100 points and Sensex 300 points from the highs

Nifty Bank falls 280 from highs to close in the red; HDFC Bank and SBI top losers

HDFC Bank, SBI and ITC drag Nifty while Reliance, ICICI Bank and HDFC support

Jubilant Food, Prestige Estates and Indian Hotels help midcap index close higher

Spandana Sphoorty closes flat amid volatility on the debut

No action indicated status for Halol unit helps Sun Pharma gain nearly 3 percent

Indiabulls Housing Finance falls for 3rd straight session; YES BANK erases Friday’s gain

Aug 19, 2019 3:50 PM

Market slips from highs but closes in the green for third straight day##Market slips from highs but closes in the green for third straight day

Aug 19, 2019 3:47 PM

Closing Bell: Sensex, Nifty end with minor gains, Sun Pharma, TechM top gainers##Closing Bell: Sensex, Nifty end with minor gains, Sun Pharma, TechM top gainers

The BSE Sensex ended 52 points up, or 0.14 percent, at 37,402.49. The Nifty settled at 11,054, up by just 6 points. The Nifty MidCap index surged 0.29 percent, while the Bank Nifty slipped 0.11 percent. PSU banks, oil & gas, CPSE were the worst performing sectors, while consumer durable, capital goods, media, realty and pharma advanced. Sun Pharma, Tech Mahindra, Axis Bank, Bharti Infratel and Titan were top gainers, rising by up to 2.72 percent. Yes Bank, Grasim, Indiabulls Housing Finance, Gail and Coal India dipped by up to 3.34 percent.

Aug 19, 2019 3:40 PM

HUL to launch fifth laundry brand 'Love & Care'; looks to "premiumise the market"##HUL to launch fifth laundry brand 'Love & Care'; looks to "premiumise the market"

Three decades after launching 'Wheel' detergent, FMCG major Hindustan Unilever is all set to launch its latest fabric wash brand 'Love & Care'. This will be HUL's fifth brand in the laundry segment after 'Surf Excel', 'Rin', 'Sunlight' and 'Wheel'. This 'made in India' product is part of HUL's premium portfolio and will be launched on a pan India basis starting this week. READ MORE

Aug 19, 2019 3:20 PM

CLSA's top stock ideas in auto sector after Q1 earnings

The auto companies reported weak June-quarter results on the back a sever slowdown due to slowing consumer demand and increased registration charges and taxes on vehicle purchase.

Aug 19, 2019 2:53 PM

Oil rises after drone attack on Saudi field##Oil rises after drone attack on Saudi field

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth in oil demand. Brent crude LCOc1, the international benchmark for oil prices, was up 55 cents, or about 0.9%, at $59.19 a barrel at 0820 GMT, US West Texas Intermediate (WTI) crude futures CLc1 were up 57 cents, or 1%, at $55.44 a barrel.

Aug 19, 2019 2:40 PM

Top 10 companies contributed 81% to Nifty's market cap expansion in last 5 years##Top 10 companies contributed 81% to Nifty's market cap expansion in last 5 years

Benchmark indices and the broader markets have corrected significantly from the recent highs, led by deepening economic slowdown, weak corporate earnings and certain policy decisions in the Budget on taxation. According to a report by Motilal Oswal, the overall market capitalization of BSE500 companies is down 11 percent from its peak of Rs 148 lakh crore in August 2018. Over the same period, the market cap of the Nifty50 is down by 6 percent to Rs 80.1 lakh crore, NSE mid-cap 100 by 17 percent to Rs 14.3 lakh crore and NSE small-cap by 15 percent to Rs 4.4 lakh crore, the report added. READ MORE

Aug 19, 2019 2:22 PM

Promoter pledge holdings in these stocks increased and declined the most in Q1

The percentage of pledged promoter holdings by value in BSE 500 stocks declined to 2.47 percent in the June 2019 quarter against 2.83 percent from three months earlier, according to a report by Kotak Institutional Equities.Get latest Market online at cnbctv18.com

Aug 19, 2019 2:01 PM

Raghuram Rajan: Need to fix NBFCs, power sector immediately to stimulate economy##Raghuram Rajan: Need to fix NBFCs, power sector immediately to stimulate economy

Raghuram Rajan, the former Reserve Bank of India (RBI) governor shared his views and outlook on the ongoing economic slowdown and its impact on India in an interview with CNBC-TV18. Rajan, who is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth, said that in comparison to the 2008 financial crisis, the banks are better levered across the globe. “I think there is more leverage than there was in 2008 but it is not in the same places. Banks are less levered than they were then. On the other hand, some corporate sectors, certainly in the United States are more levered, certainly in China are more levered and of course governments are more levered," he said. READ MORE

Aug 19, 2019 1:58 PM

Reliance Jio continues to add subscribers while Airtel, Vodafone Idea lose##Reliance Jio continues to add subscribers while Airtel, Vodafone Idea lose

Aug 19, 2019 1:45 PM

See value emerging in some mid-cap stocks, says Raamdeo Agrawal of Motilal Oswal##See value emerging in some mid-cap stocks, says Raamdeo Agrawal of Motilal Oswal

Raamdeo Agrawal, the co-founder of Motilal Oswal Financial Services, believes there is value emerging in stocks, at least in the midcap space. "Stocks that were earlier available at 20 plus PEs are now seen at 12-13 times," said Agrawal on Monday. When asked about the auto space, he said, "One just hopes that the worst of the fall is over. Interest rates have been cut but the liquidity transmission needs to take place, which makes take some more time." READ MORE

Aug 19, 2019 1:28 PM

Udayan Mukherjee says look at past track record and stick to bluest of bluechips##Udayan Mukherjee says look at past track record and stick to bluest of bluechips

Global equity markets are witnessing a hope rally possibly after many European economies and China announced measures to help the markets and the economy, said Udayan Mukherjee, adding that India is also likely to follow the suit.

“It is conceivable that after a brutal selloff, you have a kind of relief rally. I do not know how long-lived it will be or how durable it will be, but it is conceivable that we will get one, maybe a couple of 100 points on the Nifty once the package comes in,” said Mukherjee. READ MORE

Aug 19, 2019 1:02 PM

Govt wants PSU banks to increase credit flow to various sectors##Govt wants PSU banks to increase credit flow to various sectors

Aug 19, 2019 12:53 PM

RBI to formalise linking of lending rates with external benchmark rates, says governor Shaktikanta Das##RBI to formalise linking of lending rates with external benchmark rates, says governor Shaktikanta Das

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said that the central bank is keen on linking banks' new loan rates to the repo rate or to external benchmarks and will take necessary steps to formalise the same. The governor said that several banks have linked loan rates to repo rate post the August 7 policy and added that he expects interest rate transmission to be faster going forward. Das said that growth is a matter of highest priority today for the central bank, the government and the business community. READ MORE

Aug 19, 2019 12:28 PM

Tech Mahindra up; co sells 73% stake in arm for $2 million##Tech Mahindra up; co sells 73% stake in arm for $2 million

Shares of Tech Mahindra were up 1.7 percent at Rs 670.20 as the company entered into an agreement to sell 73.4 percent stake in subsidiary FixStream Networks Inc to US-based Resolve Systems for $2.2 million. The transaction is expected to be completed by November 15, subject to receipt of all statutory approvals. FixStream Networks Inc reported revenue of $5.15 million and a net loss of $5.19 million in the year 2018-19 (April-March).

Aug 19, 2019 12:17 PM

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