Two-wheeler stocks end higher in a weak trading session##Two-wheeler stocks end higher in a weak trading session

Jun 6, 2019 3:50 PM

Nifty losers: GAIL falls 12%, Indiabulls Housing Finance 8%, IndusInd Bank 7%, Yes Bank 6%, SBI 4.4%##Nifty losers: GAIL falls 12%, Indiabulls Housing Finance 8%, IndusInd Bank 7%, Yes Bank 6%, SBI 4.4%

Jun 6, 2019 3:47 PM

Closing Bell: Sensex, Nifty post the biggest one-day fall in 2019##Closing Bell: Sensex, Nifty post the biggest one-day fall in 2019

Benchmark indices, the BSE Sensex and the NSE Nifty50, posted the biggest one-day fall in 2019 on Thursday's closing. The 50-share Nifty fell 178 points to settle at 11,844, while the Sensex dropped 554 points to end at 39,530. The Nifty MidCap index dipped 300 points to post the biggest one-day fall in a month, settling at 17,819. Nifty Bank also posted its biggest one-day fall in 16 months. Nifty PSU Banks index fell the most by 4.85 percent among NSE sectoral indices. Only Nifty CPSE ended in the green among 43 sectoral indexes. Coal India, Titan, Hero MotoCorp, Power Grid, Hindustan Unilever and NTPC were among top index gainers, rising between half a percent and 2 percent. GAIL, Indiabulls Housing Finance, IndusInd Bank, Yes Bank, SBI, Tata Steel and L&T were among top index losers, falling between 3 and 12 percent.

Jun 6, 2019 3:45 PM

Here's a quick recap of what has so far happened in the markets today##Here's a quick recap of what has so far happened in the markets today

-After RBI policy decision to cut 25 bps repo rate, the Sensex and Nifty are set for the biggest one-day fall in 2019.

-At 3.17 pm, the Sensex wsa down by 561 points to trade at 39,522. The Nifty fell by almost 173 points to trade at 11,849.

-Nifty Bank set to post the biggest one-day fall in nearly 4 years.

-Reliance Industries, HDFC Bank, L&T, HDFC, IndusInd Bank, SBI, ICICI Bank, ITC, TCS, Axis Bank are top drags on the BSE frontline index. Hindustan Unilever and Infosys provide mild support for the bulls.

-IndusInd Bank, Yes Bank, SBI among top three drags on the Sensex. On the Nifty50, GAIL, Indiabulls Housing Finance among top two drags, falling by up to 12 percent.

Jun 6, 2019 3:20 PM

Rate-sensitive stocks slip post RBI policy decision##Rate-sensitive stocks slip post RBI policy decision

Rate-sensitive sectors like the auto, real estate, banks and financial services, are in the negative territory after the RBI announced a cut in the repo rate. Nifty Auto was trading lower by 0.94 percent dragged by M&M, MRF and Ashok Leyland. The Nifty PSU Bank index was trading the lowest, by 4.18 percent on the back of major losses in Syndicate Bank, Bank of Baroda, Allahabad Bank, Union Bank and others. READ MORE

Jun 6, 2019 3:13 PM

Tata Power slips 2%, Crisil affirms positive outlook, long-term rating##Tata Power slips 2%, Crisil affirms positive outlook, long-term rating

CRISIL reaffirms Tata Power's long-term loan rating at AA- and revises the outlook to positive from stable. Tata Power Co ltd shares quoted at Rs 65.40, down by 2 percent on NSE. Meanwhile, the Nifty50 traded 174 points down at 11,847.50 at 3.03 pm. The BSE Sensex fell by 552 points to trade at 39,510.

Jun 6, 2019 3:06 PM

Nifty Bank gains 5% from April monetary policy; Kotak Banks rises 16%, YES Bank tanks 44%##Nifty Bank gains 5% from April monetary policy; Kotak Banks rises 16%, YES Bank tanks 44%

The Nifty Bank has advanced 5 percent since April 4, till date, as compared to a 3 percent rise in Nifty. Constituents of the Nifty Bank index traded mixed, despite the Nifty Bank index hitting record high levels during this period. While, Kotak Bank, Federal Bank, SBI, HDFC Bank, Axis Bank, and ICICI Bank gained between 7-16.3 percent; YES Bank, IDFC First Bank, Punjab National Bank, and IndusInd Bank fell during this period. READ MORE

Jun 6, 2019 2:58 PM

Airlines in India likely to report combined net profit in FY20 for the first time: CAPA##Airlines in India likely to report combined net profit in FY20 for the first time: CAPA

Jun 6, 2019 2:44 PM

New NPA resolution norms in 3-4 days, says RBI Guv Shaktikanta Das##New NPA resolution norms in 3-4 days, says RBI Guv Shaktikanta Das

The Reserve Bank will issue a revised circular on bad loan recognition within the next three-four days, replacing the February 12 circular that was struck down by the apex court. On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as NPA.

"The revised circular on February 12 on NPA classification will be issued very shortly, in three to four days," Das told reporters at the customary post-policy announcement.

The RBI on February 12, 2018, issued a framework on resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within 180 days in case of large account of Rs 2,000 crore and above failing which it would send for bankruptcy.

Jun 6, 2019 2:33 PM

Top Nifty gainers and losers at this hour##Top Nifty gainers and losers at this hour

Jun 6, 2019 2:18 PM

Stock Market update: Sensex falls 500 points, Nifty slips below 11,900##Stock Market update: Sensex falls 500 points, Nifty slips below 11,900

Intraday, the Sensex slumped as much as 506 points, or 1.26 percent, to 39,577.57 and the Nifty 50 plunged 161.6 points, or 1.34 percent, to 11,860.05.

At 2.02 PM, the Sensex was trading 469.06 points, or 1.17 percent, lower at 39,614.48, and the Nifty was down by 144.85 points, or 1.20 percent, at 11,876.80.

Jun 6, 2019 2:04 PM

Here's a quick recap of what has so far happened in the markets today##Here's a quick recap of what has so far happened in the markets today

-The BSE Sensex currently trades below 40,000 mark hovering around 39,650 level, down by over 400 points.

-The NSE Nifty50 has given up 12,000 level (for the first time this week), down by over 142 points.

-Indices edged lower as the Reserve Bank of India Monetary Policy Committee review meeting cut repo rate by 25 bps to 5.75 percent. The MPC unanimously voted for rate cut and changed stance to accommodative from neutral.

-Bank Nifty has given up 31,000 mark after eight trading sessions. The Nifty MidCap index is down by 1.5 percent.

-Shriram Transport Finance falls nearly 9 percent amind a slump among financials today.

-The rupee pared most of its early morning losses and was trading marginally down by 5 paise at 69.31 against the US dollar.

-HDFC Bank, Reliance Industries, L&T, IndusInd Bank, HDFC, ICICI Bank, SBI, Kotak Bank were among top drags on BSE frontline index, while support for the bulls came from Infosys, Hindustan Unilever, Asian Paints.

-Mortgage lender DHFL shares continues to trade under pressure although it has recovered a bit from an 18 percent fall in initial trade. Sell-off has come after Crisil, ICRA downgraded the rating of the NBFC's commercial paper.

-GAIL shares tanked 10 percent as tariff revision for HVJ fails to enthuse investors.

Jun 6, 2019 1:50 PM

Rupee pares most early losses post RBI rate cut##Rupee pares most early losses post RBI rate cut

The rupee pared most of its early morning losses and was trading marginally down by 5 paise at 69.31 against the American currency, after the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday. The rupee had opened on a weak note at 69.41 at the interbank forex market and then fell further to 69.45 vs the USD. Following the RBI's Monetary Policy Committee (MPC) decision, the local currency recovered most of the lost ground. The domestic currency was trading at 69.31 at 12.48 pm, down 5 paise over its last close.

Jun 6, 2019 1:41 PM

Shriram Transport falls amid a slump among financials today##Shriram Transport falls amid a slump among financials today

Jun 6, 2019 1:35 PM

Eicher Motors up 2%, CLSA retains 'outperform' rating on long-term outlook##Eicher Motors up 2%, CLSA retains 'outperform' rating on long-term outlook

Eicher Motors’ shares gained almost 2 percent, extending their gains to the fourth session. Brokerage firm CLSA has retained its 'outperform' rating on the stock due to the long-term growth outlook of the company. It has set a target price of Rs 22,500 on the company's shares. At 1.26 pm, the stock was up 0.27 percent to trade at 20,097.75. The Nifty50 meanwhile traded 108 points down at 11,913. The Sensex dropped 314 points to trade at 39,769.

Jun 6, 2019 1:27 PM

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