Closing Bell: Sensex ends 155 points lower, Nifty holds 11,450 as banking shares drag##Closing Bell: Sensex ends 155 points lower, Nifty holds 11,450 as banking shares drag

- Indian shares fell on Monday after a two-week rally, dragged down by declines across banking and financial shares.

- The Sensex ended 155 points lower at 38,667, while the broader Nifty50 index lost 38 points to end the day at 11,474.

- All sectoral indices, except the IT and FMCG, ended in red for the day. All banking and financial indices ended between 2-3.5 percent lower, while Nifty IT rose 2 percent.

- Lakshmi Vilas Bank shares hit a 5 percent lower circuit after the Reserve Bank of India placed the lender under prompt corrective action. Indiabulls Housing Finance slumped over 34 percent, its biggest one-day drop in over one year as investors remained concerned over its merger with Lakshmi Vilas Bank.

- Reliance Capital fell nearly 13 percent to over 2-decade low after group Chairman Anil Ambani said that the company will exit the lending business.

Sept 30, 2019 3:38 PM

TCS' Rajesh Gopinathan: Indian companies ahead of global peers in digital payments business

CNBC-TV18 has put Indian equity on the map of India, said Rajesh Gopinathan, managing director and chief executive officer of TCS, in an interview to CNBC-TV18 as it celebrates its 20th year in a new office.Get latest Business online at cnbctv18.com

Sept 30, 2019 3:26 PM

No facts in the PIL, only sensationalisation, says Indiabulls Housing##No facts in the PIL, only sensationalisation, says Indiabulls Housing

Indiabulls Housing on Monday, denying the allegations levelled in the public interest litigation (PIL) filed in the Delhi High Court against it, said that there were no facts in the application and that it was merely an attempt to sensationalising the matter. Delhi High Court has accepted the PIL filed against Indiabulls Housing, which alleges round-tripping of funds by IHFL. “We feel that the way in which these allegations have been made is more an attempt to sensationalise rather than go into the facts of the matter," said Gagan Banga, VC and MD of Indiabulls Housing Finance. READ MORE

Sept 30, 2019 3:14 PM

Gold dips as US-China trade woes support dollar, palladium hits record high##Gold dips as US-China trade woes support dollar, palladium hits record high

Gold fell on Monday as uncertainties around the US-China trade war drove some investors to the safety of the dollar, pressuring assets priced in the U.S. currency. Autocatalyst metal palladium however rallied to another record high, with expectations for a deficit this year helping it to breach the $1,700 an ounce level for the first time. Spot gold fell 0.4 percent to $1,490 per ounce at 0743 GMT, after prices hit $1,486.60 in the previous session, their lowest since September 18. US gold futures dipped 0.6 percent to $1,496.60 per ounce

Sept 30, 2019 3:02 PM

Dalmia Bharat 20.16 lakh shares (1.01% equity) worth Rs 169.23 crore trade at an average of Rs 825.50/share##Dalmia Bharat 20.16 lakh shares (1.01% equity) worth Rs 169.23 crore trade at an average of Rs 825.50/share

Sept 30, 2019 2:45 PM

Here's a quick catchup of all live market updates##Here's a quick catchup of all live market updates

- The benchmark indices pared losses to turn with Nifty reclaiming 11,450 level.

- The Sensex war trading in range, whoen around 70 points and the Nifty fell around 30 points.

- Losses in banking and metal indices were capped by gains in IT stocks. Nifty IT rose over 2 percent, while all banking and financial indices slipped between 1-2.5 percent.

- Reliance Capital fell over 13 percent on Monday to over 2-decade low after group Chairman Anil Ambani said that the company will exit the lending business.

Sept 30, 2019 2:31 PM

Reliance Capital shares hit two-decade low on plans of exiting lending business##Reliance Capital shares hit two-decade low on plans of exiting lending business

Reliance Capital fell over 13 percent on Monday to over 2-decade low after group Chairman Anil Ambani said that the company will exit the lending business. "As part of the transformation process, Reliance Capital will no longer be in the lending businesses and they are working closely with lenders to finalise to resolution plan. The plan expected to be completed in the next few months by December 2019," said Anil Ambani at the company’s annual general meeting. READ MORE

Sept 30, 2019 2:15 PM

Why external benchmarking won't pinch

There's much talk about the impact of external benchmarking of lending rates on bank margins, but it's more noise than substance.Get latest Finance online at cnbctv18.com

Sept 30, 2019 1:55 PM

IRCTC IPO subscribed 33% so far on first day##IRCTC IPO subscribed 33% so far on first day

IIRCTC IPO was subscribed 33 percent so far on the first day of subscription on Monday. Indian Railway Catering and Tourism Corp’s initial public offering, which will close on October 3, is priced between Rs 315 and Rs 320 per share. As of 1:00 PM, the IRCTC IPO received bids for 6,709,040 shares as against the total issue size of 20,160,000 shares, according to provisional data on the NSE. Most brokerages have recommended ‘subscribe’ recommendation on the IRCTC IPO, given its reasonable valuation and monopoly in the railways. READ MORE

Sept 30, 2019 1:35 PM

Thomas Cook (India) continues to fall despite clarifying it has no links with the UK travel firm##Thomas Cook (India) continues to fall despite clarifying it has no links with the UK travel firm

Thomas Cook (India) (TCIL) fell over 7 percent on Monday, extending losses for the sixth straight session. The stock has been falling ever since Thomas Cook (UK) collapsed as many believe that Thomas Cook (India) is the sister company of the UK travel agency. Thomas Cook (UK) collapsed owing to debt after creditors denied additional funds to the company. This resulted in the downfall of Thomas Cook (India) and despite the clarification issued by the Indian travel firm that both the entities are different, the stock has seen no relief. READ MORE

Sept 30, 2019 1:18 PM

Top midcap, smallcap stocks recommended by Edelweiss

Mid and smallcap indices are down 27 percent and 41 percent, respectively, from their highs in January 2018. From a premium of over 50 percent to Nifty, midcap valuations are now at an 18 percent discount, according to Edelweiss Securities.

Sept 30, 2019 1:00 PM

Exposure to Indiabulls group is completely collateralised and secured, says IndusInd Bank##Exposure to Indiabulls group is completely collateralised and secured, says IndusInd Bank

IndusInd Bank on Monday clarified that its exposure to Indiabulls group is completely collateralised and fully secured, after the Delhi High Court accepted a public interest litigation (PIL) filed against the latter. The PIL alleges round-tripping of funds by IHFL. IHFL had argued strongly against the issuance of notice.

“Unfortunately, I am not at liberty to divulge numbers but I can only say that a significant portion of these exposures in IndusInd Bank at least is also relating to the commercial real estate side of the business, which is under-transition to Blackstone. The company has announced the sale of their commercial real estate business to Blackstone and a large part of it is getting moved into that as well,” said Rupa Satish, head-Corporate and Investments at IndusInd Bank. READ MORE

Sept 30, 2019 12:41 PM

Here's a quick catchup of all live market updates##Here's a quick catchup of all live market updates

- The benchmark indices extended the morning losses and Nifty slipped below 11,400 level.

- The Sensex is down around 400 points and the Nifty is down over 100 points. About 492 shares have advanced, 1042 shares declined, and 84 shares are unchanged.

- Indiabulls Housing Finance Ltd shares hit a fresh 52-week low of Rs 240 on Monday, sliding over 38 percent from its Friday's close of Rs 390.10. The mortgage lender's stock declined sharply as investors remained concerned over its merger with Lakshmi Vilas Bank, which has been placed under the Reserve Bank of India's prompt corrective action plan.

- Ramesh Damani, member, BSE, said on Monday that the negativity towards investing has gone due to the government's recent measures to revive the economy, adding that now is the right time to invest as there are better days ahead for the investors.

Sept 30, 2019 12:19 PM

IAS Kshatrapati Shivaji front runner for RBI deputy governor post

IAS Kshatrapati Shivaji has been serving as an executive director of the Asian Development Bank since December 2016. Get latest Finance online at cnbctv18.com

Sept 30, 2019 12:06 PM

Yes Bank tanks 13% despite RBI's approval to raise capital##Yes Bank tanks 13% despite RBI's approval to raise capital

Yes Bank shares tanked 13 percent on Monday, hitting its near 10-year low of Rs 42.40 per share despite the lender receiving the Reserve Bank of India's (RBI) nod to raise capital. "...the Bank is pleased to inform you that it has received an acknowledgement from the Reserve Bank of India to go ahead with the proposed increase in its authorised share capital," a Yes Bank exchange filing said. READ MORE

Sept 30, 2019 11:48 AM

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