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May 14, 2018 3:40 PM

Market closes flat amid political uncertainties; Nifty Midcap down 200 points.

The market has closed mixed with the BSE Sensex closing at 35,556 points and the NSE Nifty ending at 10,806 points with the last trade at 10,792 points. The Nifty Midcap closed with more than a 200-point loss and the Nifty Bank, slightly above its lows, with a 61-point gain. IndusInd Bank, NTPC were among the gainers while M&M and Tata Motors were among the losers in trade today. The political uncertainties and tensions amid the Karnataka poll results, likely to be declared tomorrow, might have kept the investors at bay and cautious in trade today.

May 14, 2018 3:38 PM

RBI may go for rate hikes from December quarter, says Morgan Stanley. ##RBI may go for rate hikes from December quarter, says Morgan Stanley.

The Reserve Bank is expected to begin its rate hike cycle from December quarter, and may go for three rate hikes by 2019 taking the key policy rate to 6.75 percent, says a Morgan Stanley Report.

According to the global financial services major, a significant overshoot of inflation relative to RBI's target is not likely. Moreover, the economic recovery will be on a surer footing by the fourth quarter of 2018 and this might prompt the central bank to go for a rate hike.

"With end demand holding up well, private capex appears poised for a recovery later this year," Morgan Stanley said in a research note.

It further noted that, "as the economy enters into a full-fledged recovery, we expect the central bank to embark on a shallow rate hike cycle beginning October-December of 2018."

May 14, 2018 3:23 PM

Financial Secretary said they have asked for an explanation from PNB and Allahabad Bank.

May 14, 2018 3:15 PM

Sandeep Wagle recommends: Sell DLF; Buy SUN TV.

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May 14, 2018 3:06 PM

Have a positive view on Hindustan Unilever, Gaurang Shah, market expert, said ahead of the Q4 earnings.

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May 14, 2018 3:02 PM

Benchmark indices climb up in trade; Nifty Bank regains strength.

The benchmark indices climb up in trade with the BSE Sensex trading at 35,530 points and the NSE Nifty trading at 10,798 points, inching towards the 10,800-mark. The Nifty Bank is inching in trade, rising by 41 points. The Nifty Midcap continues to underperform in the session. The investors are likely to be cautious over political uncertainties and tensions amid the Karnataka poll results.

May 14, 2018 3:01 PM

Ashwani Gujral recommends: Buy IGL and sell JP Associates.

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May 14, 2018 2:58 PM

Majesco rises 5.5% in trade after the company posts a profit.

May 14, 2018 2:28 PM

Oil slips from multi-year highs as US rig count rises. ##Oil slips from multi-year highs as US rig count rises.

Oil prices eased from 3-1/2-year highs on Monday as resistance emerged in Europe and Asia to US sanctions against major crude exporter Iran, while rising US drilling pointed to higher North American production.

Benchmark Brent crude was down 40 cents at $76.72 a barrel by 0800 GMT. US light crude oil was down 35 cents at $70.35.

Both oil futures contracts hit their highest since November 2014 last week at $78 and $71.89 a barrel respectively, as markets anticipated a sharp fall in Iranian crude supply once US sanctions bite later this year.

May 14, 2018 2:23 PM

Rupee fails to hold opening levels, slips to the day's low against the dollar.

May 14, 2018 2:13 PM

Market continues to trade in the red; Nifty below 10,800.

The market continues to trade in the red with the BSE Sensex trading at 35,484 points and the NSE Nifty trading below 10,800, at 10,782 points. Nifty Bank and the Nifty Midcap continue to trade in the red. The investors seem to trading cautiously due to the political uncertainty and tensions ahead of the Karnataka poll results which are expected to be out tomorrow.

May 14, 2018 2:02 PM

Arun Jaitley, finance minister, has had a successful kidney transplant surgery, AIIMS said.

May 14, 2018 1:50 PM

Top buzzing midcap stocks to trade on May 14.

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May 14, 2018 1:42 PM

A group of ministers is to meet today to discuss the sugar cess issue.

May 14, 2018 1:40 PM

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