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 Closes Higher But Off Highs, Nifty Fails To Hold 12,000

- Sensex Slips 165 Points From Record High Of 40,816 Hit Intra-day

- Nifty Closes 59 Points Higher At 11,999, Now 105 Points From All-time High

- Reliance Top Contributor To Nifty Gains With 32 Points

- Vodafone Idea Up 96 percent In Three Sessions, Airtel Snaps 3-day Gaining Streak

- BPCL, CONCOR and SCI Gain On Divestment Reports

- YES BANK Gains 6 percent From Lows Despite Reporting NPA Divergence

- IndusInd Bank and HDFC Bank Lead Nifty Bank Higher, index Up 118 Points

- Market Breadth Favours Declines; Midcap Index Up 27 Points

- Taro’s Buyback & Healthy Response To Cequa Help Sun Pharma Gain 6 percent

Nov 20, 2019 3:49 PM

Sectoral Trend: Pharma and Media sectors gain, realty and PSU Banks fall##Sectoral Trend: Pharma and Media sectors gain, realty and PSU Banks fall

Nov 20, 2019 3:39 PM

Top Nifty gainers and losers at closing##Top Nifty gainers and losers at closing

Nov 20, 2019 3:38 PM

Closing Bell: Sensex gains 182 points, Nifty at 11,999 led by gains in RIL; pharma stocks rise##Closing Bell: Sensex gains 182 points, Nifty at 11,999 led by gains in RIL; pharma stocks rise

Indian shares ended higher on Wednesday with Nifty ending around 12,000-mark, mainly driven by Reliance Industries which hit 52-week high during the day and became the first Indian company to cross Rs 9.5 lakh crore. The Sensex ended 182 points higher at 40,652, while, the Nifty50 index ended 59 points higher at 11,999. In intraday deals, the index rose 347 points to hit a fresh high of 40,816 as against the high of 40,749, hit on November 8. The Nifty Midcap rose 0.2 percent, while the Nifty Smallcap index added 0.1 percent during the day.

Nov 20, 2019 3:37 PM

Ridham Desai of Morgan Stanley tells CNBC-TV18 that global growth has troughed out##Ridham Desai of Morgan Stanley tells CNBC-TV18 that global growth has troughed out

Nov 20, 2019 3:27 PM

RBI affidavit details how it was 'cheated' by scam-hit PMC Bank##RBI affidavit details how it was 'cheated' by scam-hit PMC Bank

In a detailed affidavit filed before the Bombay High Court on Tuesday, the Reserve Bank of India (RBI) has virtually admitted that it was 'cheated' by the management of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank. The affidavit, filed by Rajlaxmi Sethi, Assistant General Manager, Department of Co-operative Bank Supervision, RBI, states that PMC Bank had submitted fraudulently manipulated data to the central bank for sample checks, but "the sample of accounts picked for inspection did not contain undisclosed HDIL accounts." While the HDIL accounts shown by PMC Bank were seen by the RBI inspection team, a majority of them were declared as non-performing assets. READ MORE

Nov 20, 2019 3:14 PM

Vodafone Idea up 30% in the last one month: Check which are the other top performers

Essar Steel's judgment and the government of India making positive comments about helping the telecom sector have ensured that PSU bank index and telecom stocks are on an upswing.

Nov 20, 2019 2:59 PM

Latha Venkatesh explains: RBI detects divergence in gross NPAs reported by Yes Bank##Latha Venkatesh explains: RBI detects divergence in gross NPAs reported by Yes Bank

The gross NPA reported by Yes Bank as of FY19 was Rs 7,800 crore and the RBI said it should have been Rs 11,150 crore. So basically the central bank is asking for Rs 3,200 crore to be marked as gross NPA. At the net NPA that works out to Rs 2,200 crore more net NPAs compared to what YES Bank had taken as of March 31. Fresh NPAs are provided only 15 percent in the first year and 25 percent in the next year. So the extra provisioning that would be needed is Rs 632 crore. As a result, the profit for last year goes down by that much amount.

What is YES Bank’s response? It said, out of the Rs 3,200 crore, Rs 2,000 crore was accounted for by just four companies. Of these four, Rs 1,000 crore was for three companies, which they had already disclosed in their BB. Even then, there is Rs 2,000 crore, which has not been explained and should have been taken as an NPA and was not. That could have been treated as bad news. READ MORE

Nov 20, 2019 2:45 PM

Sources tell Parikshit Luthra of CNBC-TV18 that vehicle scrappage policy is likely to be brought to the Cabinet in 2-3 weeks##Sources tell Parikshit Luthra of CNBC-TV18 that vehicle scrappage policy is likely to be brought to the Cabinet in 2-3 weeks

Nitin Gadkari says,

Scrappage policy is in the last stages

Awaiting Cabinet nod which may happen soon

Scrappage policy will spur manufacturing of automobiles

It will make India an automobile manufacturing hub

Scrappage policy will create employment and reduce cost of vehicle

Cannot comment on the incentives being offered in the scrappage policy

Nov 20, 2019 2:27 PM

Nov 20, 2019 2:16 PM

Sensex at a record high! 126 stocks from BSE 500 index gave a double-digit return in 1 month##Sensex at a record high! 126 stocks from BSE 500 index gave a double-digit return in 1 month

The benchmark indices have been on a bull run since the last 1 month as the festive season capped the ongoing demand slowdown and lifted sentiment. The BSE Sensex hit a fresh record high on Wednesday, gaining over half a percent to 40,768.83 as against the previous record high of 40,749, hit on November 8. The Nifty also breached the 12,000-mark.

The rally in the benchmark indices today was mainly driven by gains in index heavyweights like Reliance Industries, IndusInd Bank, L&T, and ICICI Bank.

Here's the link to the full article.

Nov 20, 2019 1:56 PM

V-Mart to open 60 stores this year##V-Mart to open 60 stores this year

V-Mart on CNBC-TV18

1. On track to open 60 stores this year

2. Bullish on the market despite a near-term slowdown

3. Q3 has been impacted due to base in festival season

4. Inventory higher as we stocked up for the festive season

5. Inventory level under control now

6. Stick to 5-7 percent SSSG guidance for FY20, but see downside risk to that

Nov 20, 2019 1:31 PM

BSE Stocks Update: 18 out of 30 BSE stocks trading higher##BSE Stocks Update: 18 out of 30 BSE stocks trading higher

The S&P BSE Sensex index hit its all-time high at 40,816.38, on Wednesday. Out of the 30 stocks in the index, 18 continued to trade in the green with Sun Pharma, IndusInd Bank and Reliance Industries in the forefront. While, NTPC remained the top loser in the index, declining 0.81 percent.

Nov 20, 2019 1:06 PM

Nifty50 Indices Update: 9 out of 11 Nifty Sectoral indices trade in green##Nifty50 Indices Update: 9 out of 11 Nifty Sectoral indices trade in green

The Nifty50 index hit 12,000 mark on Wednesday boosted by massive gains in Reliance Industries. 9 out of 11 sectors traded in the green with Nifty Media posing as the best-performing index (+3.17 percent). Nifty Realty and Nifty IT were the only ones trading in the red, declining 0.31 percent each.

Nov 20, 2019 1:02 PM

CSB Bank IPO opens on November 22: Key things to know##CSB Bank IPO opens on November 22: Key things to know

Kerala-based CSB Bank, formerly known as Catholic Syrian Bank, has announced the details of its Rs 410 crore initial public offering. The CSB Bank IPO comprises a fresh equity issue and an offer for sale of existing investors. CSB Bank, one of the oldest private sector banks in India with a history of over 98 years, is backed by Fairfax India Holdings through FIH Mauritius Investments. As on September 30, the bank has 412 branches and serves 1.3 million customers.

Here are the key details to know about CSB Bank before subscribing to the IPO.

Nov 20, 2019 12:48 PM

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