Closing Bell: Sensex slips 160 points, Nifty ends below 11,550##Closing Bell: Sensex slips 160 points, Nifty ends below 11,550

Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, traded lower on Friday afternoon amid mixed global cues. Market sentiment remained negative over political developments pertaining to US President Donald Trump after a whistleblower report was released on Thursday.

The Nifty 50 closed 0.51 percent, or 58.70 points, lower at 11,512.50, while the benchmark 30-share S&P BSE Sensex ended up 0.42 percent, or 164.48 points, at 38,825.26.

Bharti Airtel, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv and Reliance Industries were among major gainers on the indices, while losers were Vedanta, Zee Entertainment, IndusInd Bank, YES Bank, and Tata Steel.

Sept 27, 2019 3:36 PM

Rupee Update##Rupee Update

The Indian rupee has recovered from the day's low level and trading at day's high level with volatility seen in the domestic equity market. The local currency is trading higher by 16 paise at 70.72 per dollar.

Sept 27, 2019 3:01 PM

Strides Pharma halts US sales of heartburn drug##Strides Pharma halts US sales of heartburn drug, stock down 9%

India's Strides Pharma Science Ltd said on Friday it has halted sales of its heartburn drug Ranitidine in the U.S. market as it conducts tests to identify possible cancer-causing impurities in the tablets.The move comes after the U.S. Food and Drug Administration (FDA) asked the company to test the drug for indications of N-nitrosodimethylamine (NDMA) impurity, which the regulator says is a "probable human carcinogen".

Earlier this week, Dr. Reddy's Laboratories Ltd and GlaxoSmithKline Pharmaceuticals Ltd halted Ranitidine distribution, while global companies such as Novartis AG have stopped the supply of their versions of the drug.

The FDA flagged the presence of NDMA in Ranitidine samples two weeks ago, while European regulators were assessing its presence in the drug.Meanwhile, the Canadian drug regulator said the lots of medicines being recalled may have been made using an active ingredient containing NDMA above accepted levels, as it urged companies to stop distributing Ranitidine.

Sept 27, 2019 1:28 PM

Sept 27, 2019 1:25 PM

Reliance Capital's shares plunge 4%##Reliance Capital's shares plunge 4%

The share price of Reliance Capital plunged 4 percent after Brickwork Ratings downgraded the rating of the company's secured non-convertible debentures.

Brickwork downgraded the rating to 'D' due to alleged delays in payment of interest by one day. Intraday, the share price fell 4.59 percent to Rs 28.10 per share on the NSE.

Sept 27, 2019 1:24 PM

Afternoon Session: Sensex, Nifty trade lower; banks, auto, metal stocks weigh##Afternoon Session: Sensex, Nifty trade lower; banks, auto, metal stocks weigh

Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, traded marginally lower on Friday afternoon amid mixed global cues. Market sentiment remains cautious over political developments pertaining to US President Donald Trump after a whistleblower report was released on Thursday.

At 12.25 pm, the broader 50-share NSE Nifty50 dipped over 37 points, or 0.32 percent, to trade at 11,534. The benchmark 30-share S&P BSE Sensex traded at 38,919, lower by over 70 points, or 0.18 percent.

Broader markets also underperformed with the Nifty Midcap 100 index down by almost half a percent. Among sectors, IT, finance, FMCG, consumer durables, energy advanced, while the bank, pharma, auto, metal indexes declined. Here are the latest updates and developments from the stock markets today:

Sept 27, 2019 1:11 PM

IRCTC IPO opens for subscription on September 30##IRCTC IPO opens for subscription on September 30

Indian Railway Catering and Tourism Corporation (IRCTC), the tourism and catering arm of Indian Railways, plans to raise up to Rs 645 crore through an initial public offering. The IRCTC IPO will open for subscription on September 30, with a price band of Rs 315 to Rs 320 per share. The IPO will close on October 3. Here are key things to know about the IPO

Sept 27, 2019 12:40 PM

Sept 27, 2019 12:36 PM

Nine rules to make your SIP plan more rewarding##Nine rules to make your SIP plan more rewarding

A systematic investment plan (SIP) entails regular investment in a mutual fund. SIPs are powerful because they sync with your income flows and also offer the benefit of rupee cost averaging (RCA). That means when the NAV comes down you get more value and when the NAV goes up you get fewer units. But SIP is not just about starting regular investing in a fund and sustaining it. There are a lot many nuances in SIP investing. Read 9 SIP strategies here

Sept 27, 2019 12:28 PM

Nifty Sectoral Indices Update: All sectors in red except Nifty FMCG and Nifty IT##Nifty Sectoral Indices Update: All sectors in red except Nifty FMCG and Nifty IT

Sept 27, 2019 12:21 PM

ITC gains 2%##ITC's shares rose 2 percent after Morgan Stanley maintained an 'overweight' call on the stock, with target raised to Rs 370 from Rs 360 per share.

Sept 27, 2019 12:08 PM

Altico Capital proposes to repay Rs 2,000 crore##Altico Capital proposes to repay Rs 2,000 crore to creditors within 5 weeks

Sept 27, 2019 11:46 AM

BSE Heatmap: Only 9 out of 30 BSE stocks in green today##BSE Heatmap: Only 9 out of 30 BSE stocks in green today

Sept 27, 2019 11:40 AM

YES Bank promoter offloads stake##YES Bank promoter offloads stake, slips 5%

YES Bank touched its 52-week low, falling 5 percent on Friday after the Bank’s promoter YES Capital Private Limited (YCPL) sold its stake.

YES Capital sold 1.8 percent shareholding in the Bank. The proceeds will be utilized to prepay entire (100 percent) balance outstanding Non-Convertible Debentures (NCDs) of YCPL subscribed by various schemes of Franklin Templeton Asset Management (India) Pvt Ltd.

At 11:34 am, the share price fell 1.47 percent to Rs 50.30 per share on the NSE. Intraday, the stock price slipped 5 percent to Rs 48.50. Read more

Sept 27, 2019 11:37 AM

Lakshmi Vilas Bank's shares slump 5%##Lakshmi Vilas Bank's shares slump 5%

Lakshmi Vilas Bank’s shares slumped nearly 5 percent intraday on Friday after the company announced that the Economic Offences Wing registered an FIR against the Bank.

At 11:10 am, the share price was down 4.69 percent to Rs 36.60 per share on the NSE, while in intraday, the stock slumped 4.94 percent to Rs 36.50.

According to the BSE regulatory filing by the company, it said, “The Economic Offences Wing, Delhi has registered a First Information Report (FIR) under complaint for offences of cheating, criminal breach of trust by banker, criminal misappropriation and criminal conspiracy under the Indian Penal Code.”

Sept 27, 2019 11:24 AM

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