Sensex heatmap at close: Maruti Suzuki, Bajaj Finance top gainers, Yes Bank top loser##Sensex heatmap at close: Maruti Suzuki, Bajaj Finance top gainers, Yes Bank top loser

Aug 9, 2019 3:49 PM

Closing Bell: Sensex closes 254 points up, Nifty above 11100, Indiabulls Housing Fin sees sharp surge##Closing Bell: Sensex closes 254 points up, Nifty above 11100, Indiabulls Housing Fin sees sharp surge

Indian shares ended with gains for the second consecutive seesion amid optimism that the governemnt may roll-back hike in FPI surcharge tax and announce more market-friendly measures to boost liquidity in the system to prop up demand. The Sensex was up 254.55 points, or 0.68 percent, to settle at 37,582 at close, while the NSE Nifty50 was up 77.20 points, or 0.70 percent, at 11,109.70. For the week, both frontline indices ended over a percent higher. The Nifty MidCap index gained almost a percent, while the banking gauge surged 0.96 percent. IT, metal, PSU bank and pharma indices witnessed selling pressure among sectoral gauges, while buying was seen in the auto, FMCG and energy sectors. Indiabulls Housing, Eicher Motors, Maruti Suzuki, Bajaj Finserv and Titan Company were among major gainers on the Nifty, while losers were Yes Bank, Cipla, Hindalco Industries, Tech Mahindra and Coal India.

Aug 9, 2019 3:47 PM

Govt likely to announce relief measures for auto, MSMEs & financial markets soon##Govt likely to announce relief measures for auto, MSMEs & financial markets soon

Aug 9, 2019 3:24 PM

From Rs 85 to Rs 8,500: This food firm gave tasty returns in the last 10 years##From Rs 85 to Rs 8,500: This food firm gave tasty returns in the last 10 years

Tasty Bite Eatables has proved to be a sure shot bet for the investors in the last 10 years. Shares of the food firm advanced from Rs 85.05 in August 2009 to trace at Rs 8,800 currently, surging 9993 percent in the last 10 years. Hence, a Rs 1 lakh investment in the stock in 2009 would have turned to Rs 1 crore in 2019. READ MORE

Aug 9, 2019 3:17 PM

MRF Q1 consolidated net profit at Rs 273.3 crore Vs CNBC-TV18 poll of Rs 244 crore##MRF Q1 consolidated net profit at Rs 273.3 crore Vs CNBC-TV18 poll of Rs 244 crore

Aug 9, 2019 3:06 PM

Hindalco's net profit declines 27% in June quarter##Hindalco's net profit declines 27% in June quarter

Hindalco Industries consolidated net profit declined 27.8 percent year-on-year (YoY) to Rs 1,063 crore as against Rs 1,475 crore in the corresponding quarter last year. Revenue from operations fell 3.55 percent YoY to Rs 29,972 crore compared to Rs 31,078 crore last year. Earnings before interest, tax, depreciation and amortisation (Ebitda) came in at Rs 3,769 crore, a fall of 13 percent YoY. READ MORE

Aug 9, 2019 2:57 PM

SpiceJet reports Q1 net profit of Rs 262 crore##SpiceJet reports Q1 net profit of Rs 262 crore

Budget airline SpiceJet on Friday reported a net profit of Rs 262.9 crore for the first quarter ended June 30, as against a net loss of Rs 35.5 crore in the same period last year. Total revenue from operations rose 35.16 percent YoY to Rs 3,002 crore compared to Rs 2,221 crore last year. SpiceJet's total income rose to Rs 3,146 crore in the June 2019 quarter from Rs 2,254.4 crore last year. READ MORE

Shares of the BSE-listed aviation firm quoted at Rs 137.70, up 1.29 percent in trade.

Aug 9, 2019 2:49 PM

Yes Bank down 7.5% as QIP floor price disappoints##Yes Bank down 7.5% as QIP floor price disappoints

Shares of Yes Bank fell over 7.5 percent to Rs 82.40 as investors were disappointed with the lender's floor price for its qualified institutional placement, which was set at a discount of 1.4 percent from Thursday's closing price. It quoted at Rs 82.20 per share, down by 7.80 percent on BSE.

Aug 9, 2019 2:36 PM

Promoter holding in these 10 stocks fell most in June quarter##Promoter holding in these 10 stocks fell most in June quarter

Amara Raja Batteries, Reliance Power, Gruh Finance, and Reliance Capital were among the top 10 stocks in the Nifty200 index that have witnessed a prominent decrease in their promoter shareholding in the June quarter, according to a report by IDBI Capital. Other stocks include Bharti Airtel, L&T Tech, Piramal Enterprises, SBI Life, ZEE, and Indian Bank. READ MORE

Aug 9, 2019 2:26 PM

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

-Benchmark indices held on to gains, led by rise in shares of heavyweights Housing Development Finance Corp, HDFC Bank, Reliance Industries and Larsen & Toubro.

-Investors are optimistic about the government rolling back the hike in income tax surcharge announced on foreign portfolio investors.

-At 2.02 pm, the Nifty was at 11157, up 124 points, or 1.12 percent from the previous close. The Sensex was at 37740, up 417 points or 1.12 percent.

-Page Industries, the Indian franchise and manufacturer of Jockey innerwear, slumped as much as 5.58 percent to a 52-week low of Rs 17,744 on Friday after the company's net profit dropped 11 percent in the June-quarter.

-Shares of NBCC (India) plunged as much as 13.3 percent to Rs 34.35 on Friday after the state-owned engineering firm reported a 39 percent decline in its June-quarter consolidated net profit, missing estimates.

Aug 9, 2019 2:05 PM

Hindalco's Q1 consolidated net profit falls 28%; Margin contracts 140 bps YoY##Hindalco's Q1 consolidated net profit falls 28%; Margin contracts 140 bps YoY

Aug 9, 2019 1:36 PM

Engineers India up 5% as April-June earnings above view##Engineers India up 5% as April-June earnings above view

Shares of Engineers India were up 5 percent at Rs 104 today as the company's consolidated net profit and revenue from operations for the first quarter were above estimates. So far today, 3.8 million shares of the company have changed hands on the NSE, higher than the daily average trading volumes of 1.4 million shares.

Aug 9, 2019 1:19 PM

BPCL Q1 earnings: Analysts expect growth in revenue but margins, profit likely to fall##BPCL Q1 earnings: Analysts expect growth in revenue but margins, profit likely to fall

Bharat Petroleum Corporation Ltd (BPCL) is set to report its Q1FY20 earnings and the street is not expecting a good set of numbers. Indian Oil Corporation (IOC) has surprised on the positive side. However, that was not the case with Hindustan Petroleum Corporation Ltd (HPCL). It will be very interesting to see how the numbers pan out for BPCL. In terms of numbers, analysts are expecting the numbers to fall on a sequential basis. While there will be revenue growth, but it will not show in the margins. Margins are expected to come in at 2.8 percent versus 6.5 percent earlier. The profits also are expected to decline by 43 percent. READ MORE

Aug 9, 2019 1:03 PM

RBI not done with easing, to cut in October and early next year, says poll##RBI not done with easing, to cut in October and early next year, says poll

The Reserve Bank of India (RBI) will cut interest rates again at its October meeting, making it the fifth in a row, according to economists in a Reuters poll who said the central bank's decision to ease by 35 basis points on Wednesday was right. While a survey taken ahead of August's meeting showed a 25 basis points rate cut was a done deal, the RBI was expected to keep rates unchanged for the rest of this year. However, a more recent Reuters poll, conducted Aug. 7-8, predicted the RBI would ease its benchmark lending rate by 25 basis points to 5.15 percent in October. If it does cut again as forecast it would be a repeat of a cutting spree last seen in 2000-01. READ MORE

Aug 9, 2019 12:43 PM

Is your debt 'good' or 'bad'? It depends

Are student loans good debt that can open the door to a career or an insurmountable burden? Is all credit card debt a sign of reckless spending, or can it be a smart way to cover an expense?

Aug 9, 2019 12:24 PM

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