Here's a quick roundup of all the market action of the day:##Here's a quick roundup of all the market action of the day:

- Market Ends With Losses But Off Lows, Nifty Fails To Hold 12,000

- Nifty Down 165 Points and Sensex 489 Points From Recent Highs

- 37 Of 50 Nifty Stocks Close With Cuts; Yes Bank, Bharti Infratel Top Losers

- Midcap Index Falls The Most Amongst Frontliners, Nifty Midcap Slips 200 Points

- Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

- Nifty Bank Falls 258 Points; Except Kotak Bank, All Constituents End Lower

- JSPL Slips 6 percent As SC Refuses Sale/Transport Of Rs 2,000 Crore Sarda Mine Iron Ore

- Maruti Ends Flat Despite Company Announcing Plans To Rise Vehicle Prices

- Profit Booking Seen In Telecom Companies, Vodafone Idea Slips Over 10 percent

- Most Large Cap IT Stocks Gain In A Weak Session, TCS Top Gainer

- Trastuzumab Launch In The US Market Helps Biocon Gain Over 1 percent

- Metal Stocks Worst Hit Among Sectoral Indices On Global Trade Concerns

Dec 3, 2019 3:40 PM

Closing Bell: Sensex ends 127 points lower, Nifty50 below 12,000; banks, metals drag##Closing Bell: Sensex ends 127 points lower, Nifty50 below 12,000; banks, metals drag

Indian shares ended lower on Tuesday with the Nifty below 12,000 levels dragged by banking, metal and auto stocks. Losses in index heavyweights like HDFC Bank, L&T, Reliance Industries, and Axis bank also contributed to the fall. The Sensex ended 127 points lower at 40,675, while the Nifty50 index ended 54 points lower at 11,994. Broader markets underperformed benchmark indices with Nifty Midcap and Nifty Smallcap indices down 1.1 percent and 0.7 percent, respectively.

Among stocks, Bajaj Auto, TCS, Bajaj Finserv, Kotak Bank and Infosys were the top gainers on the Nifty50, while Bharti Infratel, Yes Bank, Tata Steel, Adani Ports, and Zee led the losses.

All sectoral indices, except Nifty IT and Nifty Realty, ended the day in red. Major selling was seen in the metal, banking and auto sectors. Nifty PSU Bank index fell the most, down 2.86 percent, followed by Nifty Metal and Nifty Media, which were down 2.6 percent and 2.3 percent, respectively. Nifty Bank also lost 0.8 percent, while Nifty Pharma declined 1 percent for the day. Meanwhile, Nifty Realty rose over 1.3 percent and Nifty IT added 0.5 percent during the day.

Dec 3, 2019 3:34 PM

Seeing a sense of optimism in market; people looking to invest, says Edelweiss Securities

Dec 3, 2019 3:20 PM

Global gold prices tread water despite Trump's Latam tariffs##Global gold prices tread water despite Trump's Latam tariffs

Global gold prices were trading in a narrow range on Tuesday as investors stayed on the sidelines, even as US President Donald Trump's move to slap tariffs on Brazil and Argentina stoked fresh global trade tensions. Spot gold slipped 0.1 percent to $1,460.92 per ounce by 0506 GMT. The US gold futures fell 0.2 percent to $1,466.60. Trump on Monday announced tariffs on US steel and aluminium imports from Brazil and Argentina "effective immediately", opening new fronts in his trade war. READ MORE

Dec 3, 2019 3:02 PM

Life insurance stocks are taking a pause after the big rally: Find out why##Life insurance stocks are taking a pause after the big rally: Find out why

The life insurance sector has witnessed a glorious rally this year. However, the scenario seems a little bit off currently after all the 3 companies seem to have taken a break from their earlier run towards lifetime highs.

Since last month, the life insurers have fallen from their record-high levels. HDFC Life Insurance saw the biggest fall of 8.29 percent since November 1, 2019. Meanwhile, SBI Life Insurance and ICICI Prudential Life Insurance slipped 3 percent and 2 percent respectively. On a year-to-date (YTD) basis, the life insurance space saw substantial growth of 51-59 percent compared to Nifty’s growth of 11 percent. READ MORE

Dec 3, 2019 2:43 PM

Edelweiss expects RBI to cut rate by 25-50 bps in December policy

Edelweiss is expecting the Reserve Bank of India (RBI) to cut the repo rate by 25 to 50 basis points in the December monetary policy. One basis point is a hundredth of a percentage point.

Dec 3, 2019 2:25 PM

FIIs buy equities worth over Rs 25,000 crore in November, highest since March##FIIs buy equities worth over Rs 25,000 crore in November, highest since March

Foreign institutional investors (FIIs) have been aggressively buying Indian stocks. FIIs were net buyers of Indian equities worth Rs 25,231 crore in the month of November, recording the highest monthly inflow since March this year. FIIs have been buyers in 15 of 21 sessions in November. They invested a net of Rs 12,368 crore in October.

The benchmark indices also scaled fresh all-time highs in the previous week following sustained inflows by foreign institutional investors. The foreign investors bought equities worth Rs 7,683 crore during that week.

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Dec 3, 2019 2:03 PM

Caplin Point Laboratories' shares fall over 3%##Caplin Point Laboratories' shares fall over 3%

The shares of Caplin Point Laboratories slipped 3.15 percent intraday on Tuesday after it receives final approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Sodium Nitroprusside injection, 50 mg/2 ml (25 mg/ml) vial.

The injection is a generic therapeutic equivalent version of Nitropress (Sodium Nitroprusside) 50 mg/vial of Hospira Worldwide, INC.

At 1:38 pm, the stock price was trading 1.83 percent to Rs 311.05 per share on the NSE.

Dec 3, 2019 1:39 PM

Does growth trump inflation? Analysts expect another 25 bps rate cut in December MPC meeting

Post the poor show in Q2 GDP data, analysts expect RBI to further cut repo rate despite rise in inflation.Get latest Economy online at cnbctv18.com

Dec 3, 2019 1:19 PM

Expect Indian economy to stabilize in 2020, says Goldman Sachs to CNBC-TV18##Expect Indian economy to stabilize in 2020, says Goldman Sachs to CNBC-TV18

The global investment banker said;

1. Expect Indian economy to stabilize in 2020

2. India's November PMI figure was better than earlier

3. Positive impulses from global markets to show up in the Indian economy

4. Global recession risks seem higher than before

5. Probability of a global recession stands at 20 percent

6. Other advanced economies not showing financial imbalances

7. Expect global growth to bottom out through 2020

8. Trade issues are weighing on growth

9. Trade war escalation will not help President Trump in election

Dec 3, 2019 1:08 PM

BSE Stocks Update: Only 8 out of 30 BSE stocks trading in the green##BSE Stocks Update: Only 8 out of 30 BSE stocks trading in the green

The 30-share Sensex slipped over 200 points to 40,601.67 due to the losses in YES Bank, Tata Motors, L&T, ICICI Bank and other heavyweights. Bajaj Auto was the top gainer in the index, rising 2.40 percent while YES Bank plunged 5 percent.

Dec 3, 2019 12:46 PM

Nifty Indices Update: Nifty PSU Bank remains the worst performing index of the day##Nifty Indices Update: Nifty PSU Bank remains the worst performing index of the day

Nifty PSU Bank slipped 2.42 percent after shares of J&K Bank, Union Bank, PNB and Canara Bank plunged over 3 percent. Meanwhile, Jindal Steel was the biggest loser in the Nifty Metal index, down 2.36 percent while the stock plunged 8 percent.

Nifty Realty and Nifty IT were the only Nifty50 sectoral indices to trade in the green.

Dec 3, 2019 12:43 PM

Here's how SBI Cards IPO will impact the valuation of its parent SBI##Here's how SBI Cards IPO will impact the valuation of its parent SBI

The country's largest public-sector lender State Bank of India (SBI) has filed an initial draft for an IPO for its credit card venture SBI Cards and Payments Services (SBI Cards).

According to a report by Macquarie, the IPO is expected to be around Rs 9,000-9,600 crore in size. The IPO is likely to hit the markets early next year.

SBI, which holds a 74 percent stake in the unit, along with private equity firm Carlyle Group, which holds the rest 26 percent through its subsidiary CA Rover Holdings, will together sell 13 crore shares or 14 percent of the company through the IPO.

Read more on this here.

Dec 3, 2019 12:21 PM

Morgan Stanley, CLSA bullish on Bharti Airtel post tariff hike##Morgan Stanley, CLSA bullish on Bharti Airtel post tariff hike

Global brokerages Morgan Stanley and CLSA have retained a bullish stance on Bharti Airtel as they expect improvement in the company’s financials after it announced a tariff hike on Sunday.

Morgan Stanley upgraded Bharti Airtel to ‘overweight’ and raised target price (TP) to Rs 530 from Rs 410 per share earlier.

The brokerage expects the company to see an improvement in profitability and balance sheet repair over the next few years along with a rise in average revenue per user (ARPU).

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Dec 3, 2019 12:04 PM

Biocon shares gain 5% on launch of Ogivri biosimilar in US##Biocon shares gain 5% on launch of Ogivri biosimilar in US

The shares of Biocon rose 5 percent on Tuesday after the company launched Trastuzumab biosimilar Ogivri in the US market. The company with its partner Mylan NV announced the US launch of Ogivri. Ogivri, a biosimilar to Herceptin, has been co-developed by Biocon Biologics and Mylan and will be available in 150 mg and 420 mg strengths.

The stock rose as much as 4.8 percent to Rs 299.70 per share on the BSE. At 10:30 am, the stock was trading at Rs 290, up 1.4 percent as compared to a 0.14 percent or 56 points fall in the Sensex at 40,746. Read more here.

Dec 3, 2019 12:03 PM

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