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Sensex Today: Sensex ends 560 points down, Nifty at 11,419; Auto stocks decline

BusinessToday.In | 19 July 2019

Sensex Today: Equity market closed with major losses on Friday's session, with Sensex and Nifty falling 1.50% each, amid heavy selling recorded in auto and financial stocks. BSE Sensex closed 560 points down at 38,337 against the last close of 38,897.46 and NSE Nifty50 ended at 11,419, by 177 points of decline, against the last close of11,474.

 

 

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  • Sensex Today: Equity market closed with major losses on Friday's session, with Sensex and Nifty falling 1.50% each, amid heavy selling recorded in auto and financial stocks.
  • 12:25 IST

    HDFC Bank falls over 3%

    HDFC Bank shares lost over 3% after the private sector lender reported its earnings for the quarter ended June 30, despite being in line with analysts' estimates. 

    Against the previous close of Rs 2375.95, the stock opened at Rs 2353.00, recording a decline of over 1% in the early session and fell over 90 points or 3.88% to the day's low at Rs. 2,283.55. HDFC Bank shares were among the top laggards on the benchmark indexes Sensex and Nifty. 

    HDFC Bank has formed a gap down chart pattern today and its stock price has lost 4% of its value since the last 4 trading days. It currently trades below the 30 and 50-day moving average but above 150 and 200-day moving average.

    Currently, at 11: 55 am, HDFC Bank stock quotes Rs 2289.65 on BSE, at a volume of 0.92 lakh shares, at a decline of 3.63%. Similarly, with 28.6 lakh share changing hands on the  NSE platform, the stock currently trades down by 3.77% to Rs 2,286.

  • 12:25 IST: HDFC Bank shares lost over 3% after the private sector lender reported its earnings for the quarter ended June 30, despite being in line with analysts' estimates. 

    Against the previous close of Rs 2375.95, the stock opened at Rs 2353.00, recording a decline of over 1% in the early session and fell over 90 points or 3.88% to the day's low at Rs. 2,283.55. HDFC Bank shares were among the top laggards on the benchmark indexes Sensex and Nifty. 

    HDFC Bank has formed a gap down chart pattern today and its stock price has lost 4% of its value since the last 4 trading days. It currently trades below the 30 and 50-day moving average but above 150 and 200-day moving average.

    Currently, at 11: 55 am, HDFC Bank stock quotes Rs 2289.65 on BSE, at a volume of 0.92 lakh shares, at a decline of 3.63%. Similarly, with 28.6 lakh share changing hands on the  NSE platform, the stock currently trades down by 3.77% to Rs 2,286.

  • 16:02 IST

    Closing Bell

    Sensex Today: Equity market closed with major losses on Friday's session, with Sensex and Nifty falling 1.50% each, amid heavy selling recorded in auto and financial stocks. BSE Sensex closed 560 points down at 38,337 against the last close of 38,897.46 and NSE Nifty50 ended at 11,419, by 177 points of decline, against the last close of11,474.

  • 16:02 IST:

    Sensex Today: Equity market closed with major losses on Friday's session, with Sensex and Nifty falling 1.50% each, amid heavy selling recorded in auto and financial stocks. BSE Sensex closed 560 points down at 38,337 against the last close of 38,897.46 and NSE Nifty50 ended at 11,419, by 177 points of decline, against the last close of11,474.

  • 15:55 IST

    No change in FPI Tax: FM

    Ruling out any relaxation for foreign portfolio investors (FPI), Finance Minister Nirmala Sitharaman on Thursday said that overseas investors functioning as trusts in India will have to pay the tax surcharge proposed in the Union Budget.


    Speaking in Parliament, Sitharaman ruled out any adverse impact of the surcharge on FPI and reportedly said the fears of flight of capital are unfounded. "FPIs should consider the option of structuring themselves as companies rather than trusts to avoid paying the increased surcharge announced in Budget 2019," news agency ANI quoted Sitharaman as saying in a reply to the debate on the Finance Bill in Lok Sabha.

    Super-rich tax on FPIs: FM rules out any adverse impact on investor confidence

  • 15:55 IST: Ruling out any relaxation for foreign portfolio investors (FPI), Finance Minister Nirmala Sitharaman on Thursday said that overseas investors functioning as trusts in India will have to pay the tax surcharge proposed in the Union Budget.


    Speaking in Parliament, Sitharaman ruled out any adverse impact of the surcharge on FPI and reportedly said the fears of flight of capital are unfounded. "FPIs should consider the option of structuring themselves as companies rather than trusts to avoid paying the increased surcharge announced in Budget 2019," news agency ANI quoted Sitharaman as saying in a reply to the debate on the Finance Bill in Lok Sabha.

    Super-rich tax on FPIs: FM rules out any adverse impact on investor confidence

  • 15:50 IST

    Experts View

    Commenting over the Market Rundown,  Mr. Vinod Nair, Head of Research, Geojit Financial Services Ltd, said "Market slid as there was sharp sell-off by foreign funds due to Government’s reluctance to tweak FPIs income tax surcharge, and the deficiency in monsoon rain, which impacted the risk sentiment.  Additionally, downward revision in India’s growth to 7% by ADB and lackluster earnings from domestic corporates added anxiety over premium valuation. Key heavy weights are likely to announce results next week."

  • 15:50 IST: Commenting over the Market Rundown,  Mr. Vinod Nair, Head of Research, Geojit Financial Services Ltd, said "Market slid as there was sharp sell-off by foreign funds due to Government’s reluctance to tweak FPIs income tax surcharge, and the deficiency in monsoon rain, which impacted the risk sentiment.  Additionally, downward revision in India’s growth to 7% by ADB and lackluster earnings from domestic corporates added anxiety over premium valuation. Key heavy weights are likely to announce results next week."

  • 15:50 IST

    PNB board to consider raising equity capital upto Rs 5,000 cr



    Punjab National Bank announced today that the PNB board is scheduled to meet today so as to to consider raising equity capital upto Rs 5,000 cr via QIP/FPO/Rights issue on July 25.

    "The exchange is hereby informed that a meeting of the Board of Directors of the Bank is scheduled on 25.07.2019 for seeking approval of raising Equity Capital amounting up to Rs.5000 Crore in one or more tranches through Qualified Institutional Placements (QIP)/ Follow-on Public Offer (FPO)/Rights Issue" the copamy said in the filing.

  • 15:50 IST:

    Punjab National Bank announced today that the PNB board is scheduled to meet today so as to to consider raising equity capital upto Rs 5,000 cr via QIP/FPO/Rights issue on July 25.

    "The exchange is hereby informed that a meeting of the Board of Directors of the Bank is scheduled on 25.07.2019 for seeking approval of raising Equity Capital amounting up to Rs.5000 Crore in one or more tranches through Qualified Institutional Placements (QIP)/ Follow-on Public Offer (FPO)/Rights Issue" the copamy said in the filing.

  • 15:07 IST

    ACC stock rises over 5%

    Shares of cement maker ACC rose by over 5% Friday after the company reported 38.6% climb in net profit and flagged better demand and growth going forward.

     

    Cement maker ACC Thursday booked 38.61% rise in consolidated net profit at Rs 455.68 crore for the quarter ended June 30, 2019 as against Rs 579.13 crore in the year-ago period, helped by the improvement in operating performance and sales.

     

    The stock price of cement maker ACC opened with a gap up pattern chart at 4.17% rise to Rs 1632.55 against the last closing of Rs 1567.20 on BSE. The cement maker shares jumped 5.11% to day's high of Rs 1,647.55 on NSE and BSE, respectively.

  • 15:07 IST:

    Shares of cement maker ACC rose by over 5% Friday after the company reported 38.6% climb in net profit and flagged better demand and growth going forward.

     

    Cement maker ACC Thursday booked 38.61% rise in consolidated net profit at Rs 455.68 crore for the quarter ended June 30, 2019 as against Rs 579.13 crore in the year-ago period, helped by the improvement in operating performance and sales.

     

    The stock price of cement maker ACC opened with a gap up pattern chart at 4.17% rise to Rs 1632.55 against the last closing of Rs 1567.20 on BSE. The cement maker shares jumped 5.11% to day's high of Rs 1,647.55 on NSE and BSE, respectively.

  • 14:32 IST

    Market further erases gains

    Sensex Today: Equity market erased further gains, with BSE Sensex tumbling over 500 points down and NSE Nifty trading below 11,450 level, on back of heavy selling interest in auto and financial stocks.

    BSE Sensex currently trades 500 points down at 38,395 against the last close of 38,897.46 and NSE Nifty50 trades at 11,432, by 164 points of decline, against the last close of11,474.

  • 14:32 IST: Sensex Today: Equity market erased further gains, with BSE Sensex tumbling over 500 points down and NSE Nifty trading below 11,450 level, on back of heavy selling interest in auto and financial stocks.

    BSE Sensex currently trades 500 points down at 38,395 against the last close of 38,897.46 and NSE Nifty50 trades at 11,432, by 164 points of decline, against the last close of11,474.

  • 13:47 IST

    JSW Steel offers sustainable option for packaging material with JSW Platina



    "JSW Steel Ltd, India's leading steel company and the flagship business of US$ 14 billion JSW Group, today began the roll-out of JSW Platina, premium tinplate targeted at packaging industry." the statement read in the regulatory filing.

    It added, "The launch of JSW Platina enables JSW Steel to tap the growing opportunity for tinplate products demanded by India's packaging industry. India is one of the countries that have pledged to eliminate single use plastics by 2022. JSW Platina offers a significant opportunity to become the most preferred & sustainable packaging material for the future."

  • 13:47 IST:

    "JSW Steel Ltd, India's leading steel company and the flagship business of US$ 14 billion JSW Group, today began the roll-out of JSW Platina, premium tinplate targeted at packaging industry." the statement read in the regulatory filing.

    It added, "The launch of JSW Platina enables JSW Steel to tap the growing opportunity for tinplate products demanded by India's packaging industry. India is one of the countries that have pledged to eliminate single use plastics by 2022. JSW Platina offers a significant opportunity to become the most preferred & sustainable packaging material for the future."

  • 13:23 IST

    Bipin Rathod appointed as director in Manpasand Beverages' board





    Manpasand Beverages have announced today appoitment of Bipin rathod by the board as company's  director. The filing added that he has 22 years of experinence as Fiananical accountancy, Tax management, Structured finance among others.

  • 13:23 IST:



    Manpasand Beverages have announced today appoitment of Bipin rathod by the board as company's  director. The filing added that he has 22 years of experinence as Fiananical accountancy, Tax management, Structured finance among others.

  • 13:20 IST

    Dr. Reddy's announces launch of new tablets in the U.S. Market



    Dr. Reddy's today has announced the exchanges, the launch of over-the counter, store-brand equivalent of Allegra-D 12 HR Allergy and Congestion Extended Release Tablets in the U.S. Market, as approved by the U.S. Food and Drug Administration (USFDA).

    The statement read "We are pleased to be expanding our pseudoephedrine-based product offering in time for the cough, cold and allergy season," says Milan Kalawadia, Senior Vice President and Head of US OTC and Specialty Rx Divisions, Dr. Reddy's Laboratories. "We look forward to collaborating with our customers to provide high-quality, affordable alternatives to consumers."

     

  • 13:20 IST:

    Dr. Reddy's today has announced the exchanges, the launch of over-the counter, store-brand equivalent of Allegra-D 12 HR Allergy and Congestion Extended Release Tablets in the U.S. Market, as approved by the U.S. Food and Drug Administration (USFDA).

    The statement read "We are pleased to be expanding our pseudoephedrine-based product offering in time for the cough, cold and allergy season," says Milan Kalawadia, Senior Vice President and Head of US OTC and Specialty Rx Divisions, Dr. Reddy's Laboratories. "We look forward to collaborating with our customers to provide high-quality, affordable alternatives to consumers."

     

  • 13:17 IST

    L&T Power Business bags significant order from DVC



    L&T Power has announced the bourses that the business has won significant valued orders from Damodar Valley Corporation  (DVC)

    "The contract is for set up of Flue Gas Desulphurisation (FGD) systems in three power plants of DVC - Durgapur Steel Thermal Power Station (2x500 MW), Mejia Thermal Power Station (2x500 MW) and Raghunathpur Thermal Power Station (2x600 MW) - in West Bengal" the statement read.

    It further added, "Installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, to curtail SO2emissions."

     

  • 13:17 IST:

    L&T Power has announced the bourses that the business has won significant valued orders from Damodar Valley Corporation  (DVC)

    "The contract is for set up of Flue Gas Desulphurisation (FGD) systems in three power plants of DVC - Durgapur Steel Thermal Power Station (2x500 MW), Mejia Thermal Power Station (2x500 MW) and Raghunathpur Thermal Power Station (2x600 MW) - in West Bengal" the statement read.

    It further added, "Installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, to curtail SO2emissions."

     

  • 12:43 IST

    Markets fall further

    Market has fallen further by the afternoon session, with auto and financial stocks trading with high bearish interest, amid corporate earnings season.

    Equity benchmark indices BSE Sensex currently trades 400 points down at 38,497 against the last close of 38,897.46 and NSE Nifty50 trades at 11,524, by 122 points of decline, against the last close of11,474.

  • 12:43 IST: Market has fallen further by the afternoon session, with auto and financial stocks trading with high bearish interest, amid corporate earnings season.

    Equity benchmark indices BSE Sensex currently trades 400 points down at 38,497 against the last close of 38,897.46 and NSE Nifty50 trades at 11,524, by 122 points of decline, against the last close of11,474.

  • 12:33 IST

    Cyient stock hits fresh 52-wk low

     

    IT firm Cyeint stock was ranked as the top loser on BSE, after falling to a fresh 52-week low, as earnings reports of the company recorded losses on all fronts. This quarter-on-quarter performance by the tech giant, that is recorded as the worst in the past 10 years has led brokerage firms analysts rating cut on the stock.

     

    "Our Q1 FY20 results were disappointing, we recorded a revenue of USD 156.6 million lower by 5.2% quarter-on-quarter and 2.6% year-on-year," Cyient Managing Director and CEO Krishna Bodanapu said.

     

    The stock opened with a gap down pattern, losing 3% to land at Rs 524.00, against the last closing price of Rs 544.15 on BSE and later fell over 11.40%to touch Rs 482.10, it's new 52- week low.

    Cyient stock hits fresh 52-wk low after missing Q1 estimates

  • 12:33 IST:

     

    IT firm Cyeint stock was ranked as the top loser on BSE, after falling to a fresh 52-week low, as earnings reports of the company recorded losses on all fronts. This quarter-on-quarter performance by the tech giant, that is recorded as the worst in the past 10 years has led brokerage firms analysts rating cut on the stock.

     

    "Our Q1 FY20 results were disappointing, we recorded a revenue of USD 156.6 million lower by 5.2% quarter-on-quarter and 2.6% year-on-year," Cyient Managing Director and CEO Krishna Bodanapu said.

     

    The stock opened with a gap down pattern, losing 3% to land at Rs 524.00, against the last closing price of Rs 544.15 on BSE and later fell over 11.40%to touch Rs 482.10, it's new 52- week low.

    Cyient stock hits fresh 52-wk low after missing Q1 estimates

  • 12:01 IST

    RIL shares trade witn minor gains ahead of result

    Shares of index-heavyweight Reliance Industries Ltd. stock price were trading 0.34% lower at Rs 1258 ahead of its quarterly results, ahead of quaterly earnings report, scheduled to be released to day.

  • 12:01 IST: Shares of index-heavyweight Reliance Industries Ltd. stock price were trading 0.34% lower at Rs 1258 ahead of its quarterly results, ahead of quaterly earnings report, scheduled to be released to day.

  • 11:07 IST

    Acc Cement rises post results

    ACC Cement stock price has risen 4.17% to Rs 1632.55 in the opening trade from the last close of Rs 1567.20. The stock later added 5.11% growh to touch intraday high of Rs 1647.30.




     

  • 11:07 IST: ACC Cement stock price has risen 4.17% to Rs 1632.55 in the opening trade from the last close of Rs 1567.20. The stock later added 5.11% growh to touch intraday high of Rs 1647.30.




     

  • 10:59 IST

    Cyeint falls over 11% post results

    Cyeint stock, the top loser on BSE, has lost over 11.40% in today's trade to Rs 482.10, its new 52- week low, after earnings reports of the company recorded losses on all fronts. Th etsock opened with a gap down pattern, losing 3%.

    Cyient reported Q1 net profit Rs899mn (up 9%) - expectation Rs1.25bn, EBITDA Rs1.43bn (up 9% YoY) - expectation Rs1.7bn, EBITDA margin 13.1% - expectation 14.6% and income Rs10.9bn (up 1% YoY) - expectation Rs11.6bn. #MOMarketUpdates

    — Motilal Oswal Financial Services Ltd (@MotilalOswalLtd) July 19, 2019

  • 10:59 IST: Cyeint stock, the top loser on BSE, has lost over 11.40% in today's trade to Rs 482.10, its new 52- week low, after earnings reports of the company recorded losses on all fronts. Th etsock opened with a gap down pattern, losing 3%.

    Cyient reported Q1 net profit Rs899mn (up 9%) - expectation Rs1.25bn, EBITDA Rs1.43bn (up 9% YoY) - expectation Rs1.7bn, EBITDA margin 13.1% - expectation 14.6% and income Rs10.9bn (up 1% YoY) - expectation Rs11.6bn. #MOMarketUpdates

    — Motilal Oswal Financial Services Ltd (@MotilalOswalLtd) July 19, 2019

  • 10:26 IST

    Sensex Today: Market Update

    Sensex Today: After opening broadly higher, equity markets erased early gains and trade in negative territory, pressured by selling interest in Auto and Media stocks. Equity benchmark indices BSE Sensex currently trades 263 points down at 38,642 against the last close of 38,897.46 and NSE Nifty50 trades at 11,524, by 72 points of decline, against the last close of11,596.

     

  • 10:26 IST:

    Sensex Today: After opening broadly higher, equity markets erased early gains and trade in negative territory, pressured by selling interest in Auto and Media stocks. Equity benchmark indices BSE Sensex currently trades 263 points down at 38,642 against the last close of 38,897.46 and NSE Nifty50 trades at 11,524, by 72 points of decline, against the last close of11,596.

     

  • 10:19 IST

    Oil prices rise

    Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.

     

  • 10:19 IST:

    Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.

     

  • 09:39 IST

    Global equities trades higher on hopes of Fed rate cut

    Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.

    U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.

    New York Fed President John Williams said on Thursday that policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold, in a speech read as a strong argument in favor of quick action.

    (Reuters)

  • 09:39 IST: Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.

    U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.

    New York Fed President John Williams said on Thursday that policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold, in a speech read as a strong argument in favor of quick action.

    (Reuters)

  • 09:29 IST

    NCLT allows govt to prosecute Deloitte, BSR


    The NCLT has given a go-ahead to government to prosecute Deloitte and BSR Associates for their failure to detect and report the scams that took place across the now-bankrupt IL&FS group and 21 other entities, when they were the auditors of IL&FS Financial Services.

    IL&FS case: NCLT allows govt to prosecute Deloitte, BSR

  • 09:29 IST:
    The NCLT has given a go-ahead to government to prosecute Deloitte and BSR Associates for their failure to detect and report the scams that took place across the now-bankrupt IL&FS group and 21 other entities, when they were the auditors of IL&FS Financial Services.

    IL&FS case: NCLT allows govt to prosecute Deloitte, BSR

  • 09:28 IST

    Govt seeks explanation from IndiGo

    The government has sought explanations from InterGlobe Aviation (IndiGo's parent firm), on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal.


    In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint.

    The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation, especially certain related party transactions entered into by co-founder Rahul Bhatia's InterGlobe Enterprises (IGE) Group    


    Govt seeks explanation from IndiGo on Rakesh Gangwal's complaint 

  • 09:28 IST: The government has sought explanations from InterGlobe Aviation (IndiGo's parent firm), on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal.


    In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint.

    The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation, especially certain related party transactions entered into by co-founder Rahul Bhatia's InterGlobe Enterprises (IGE) Group    


    Govt seeks explanation from IndiGo on Rakesh Gangwal's complaint 

  • 09:27 IST

    WNS profit after tax rises 23%

    WNS (Holdings) posted a 23 per cent increase in profit after tax during the first quarter of the ongoing financial year. The business process management major reported $27.6 million as consolidated profit after tax during the quarter ended June 30, 2019, in comparison to $22.4 million during the corresponding period in the year-ago period.

    WNS profit after tax rises 23% to $27.6 million in Q1 FY20

     

  • 09:27 IST: WNS (Holdings) posted a 23 per cent increase in profit after tax during the first quarter of the ongoing financial year. The business process management major reported $27.6 million as consolidated profit after tax during the quarter ended June 30, 2019, in comparison to $22.4 million during the corresponding period in the year-ago period.

    WNS profit after tax rises 23% to $27.6 million in Q1 FY20

     

  • 09:26 IST

    HDFC m-cap crosses Rs 4 lakh crore


    HDFC's market capitalisation (m-cap) rose to Rs 4.04 lakh crore during the day's trade on Bombay Stock Exchange (BSE) after its shares rallied more than 3 per cent to hit a 52-week high of Rs 2,357, in an otherwise weak market. The m-cap was calculated at the stock's 52-week high price of Rs 2,357. HDFC was top gainer in the 30-share bluechip index, closing at Rs 2,343.85 apiece, up 2.52 per cent, on the BSE.

    HDFC m-cap crosses Rs 4 lakh crore for first time! Becomes 4th Indian company to enter the club

  • 09:26 IST:
    HDFC's market capitalisation (m-cap) rose to Rs 4.04 lakh crore during the day's trade on Bombay Stock Exchange (BSE) after its shares rallied more than 3 per cent to hit a 52-week high of Rs 2,357, in an otherwise weak market. The m-cap was calculated at the stock's 52-week high price of Rs 2,357. HDFC was top gainer in the 30-share bluechip index, closing at Rs 2,343.85 apiece, up 2.52 per cent, on the BSE.

    HDFC m-cap crosses Rs 4 lakh crore for first time! Becomes 4th Indian company to enter the club

  • 09:22 IST

    Rupee opens sharply higher




    Rupee opens sharply higher at 68.75 agains the dollar. Yesterday Indian rupee, the domestic currency closed at 68.95per US dollar.

    Rupee rises 23 paise to 68.74 against the US dollar in early trade Friday

  • 09:22 IST:


    Rupee opens sharply higher at 68.75 agains the dollar. Yesterday Indian rupee, the domestic currency closed at 68.95per US dollar.

    Rupee rises 23 paise to 68.74 against the US dollar in early trade Friday

  • 09:15 IST

    Rana Kapoor looses $1 billion as Yes Bank share tanks

    Yes Bank founder and former chief executive officer Rana Kapoor lost more than $1 billion as the bank's share fell to a fresh 52-week low on the Bombay Stock Exchange (BSE) Thursday. The scrip has been on selling spree and tanked over 78 per cent since August last year. Yes Bank shares plunged over 19 per cent to Rs 83.70 apiece in intra-day trade on Thursday after the private lender reported a 91 per cent decline in its net profit for the June quarter of FY20. The weak earnings prompted brokerages including Jefferies and JP Morgan to slash their price targets on the Yes Bank stock.


    Rana Kapoor looses $1 billion as Yes Bank share tanks after dismal Q1 results

  • 09:15 IST: Yes Bank founder and former chief executive officer Rana Kapoor lost more than $1 billion as the bank's share fell to a fresh 52-week low on the Bombay Stock Exchange (BSE) Thursday. The scrip has been on selling spree and tanked over 78 per cent since August last year. Yes Bank shares plunged over 19 per cent to Rs 83.70 apiece in intra-day trade on Thursday after the private lender reported a 91 per cent decline in its net profit for the June quarter of FY20. The weak earnings prompted brokerages including Jefferies and JP Morgan to slash their price targets on the Yes Bank stock.


    Rana Kapoor looses $1 billion as Yes Bank share tanks after dismal Q1 results

  • 09:11 IST

    Reliance Brands completes 100% acquisition of Hamleys

    A day ahead of its June quarter earnings, Mukesh Ambani-led Reliance Industries on Thursday said that it has completed the acquisition of British toy retailer Hamleys for about Rs 620 crore (GBP 67.96 million) in an all-cash deal.

    "Reliance Brands has completed the acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP 67.96 million," Reliance Industries said in a filing to the Bombay Stock Exchange on Thursday.

    Mukesh Ambani's Reliance Brands completes 100% acquisition of Hamleys 

  • 09:11 IST:

    A day ahead of its June quarter earnings, Mukesh Ambani-led Reliance Industries on Thursday said that it has completed the acquisition of British toy retailer Hamleys for about Rs 620 crore (GBP 67.96 million) in an all-cash deal.

    "Reliance Brands has completed the acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP 67.96 million," Reliance Industries said in a filing to the Bombay Stock Exchange on Thursday.

    Mukesh Ambani's Reliance Brands completes 100% acquisition of Hamleys 

  • 09:07 IST

    Pre- Open Session

    Sensex pre opens 131 points higher at 39,077 and Nifty50 starts at 11623.95

  • 09:07 IST: Sensex pre opens 131 points higher at 39,077 and Nifty50 starts at 11623.95

  • 09:05 IST

    Jet Airways RP gets claims worth Rs 24,887 crore

    The resolution professional of the bankrupt Jet Airways Thursday said he has received claims worth Rs 24,887 crore in 16,643 claims, including Rs 8,462 crore by financial creditors, against the company. State Bank of India, the lead bank in the consortium, made a claim of Rs 1,644 crore, including cash credit inclusive of interest, term loans and bank guarantees issued but not invoked.

    Significantly, the RP rejected a claim of Rs 229 crore from JetAir, the privately held company of founder Naresh Goyal, which was the general sales agent of Jet Airways and the holding company the Goyals's stake in the airline.

    Jet Airways RP gets claims worth Rs 24,887 crore; rejects Rs 229 crore claim from Naresh Goyal's firm

  • 09:05 IST: The resolution professional of the bankrupt Jet Airways Thursday said he has received claims worth Rs 24,887 crore in 16,643 claims, including Rs 8,462 crore by financial creditors, against the company. State Bank of India, the lead bank in the consortium, made a claim of Rs 1,644 crore, including cash credit inclusive of interest, term loans and bank guarantees issued but not invoked.

    Significantly, the RP rejected a claim of Rs 229 crore from JetAir, the privately held company of founder Naresh Goyal, which was the general sales agent of Jet Airways and the holding company the Goyals's stake in the airline.

    Jet Airways RP gets claims worth Rs 24,887 crore; rejects Rs 229 crore claim from Naresh Goyal's firm

  • 08:59 IST

    Results today

    Listed companies namely Reliance Industries, RBL Bank, Dabur India, L&T Finance Holdings, InterGlobe Aviation, Bandhan Bank, L&T Technology Services, ICICI Lombard General Insurance Company, Bhageria Industries, Hindustan Zinc, Dhanuka Agritech, Mahindra CIE Automotive, JM Financial, Phillips Carbon Black, Indbank Merchant Banking Services, Tokyo Plast International are due to submit their quarterly earnings report today.

  • 08:59 IST: Listed companies namely Reliance Industries, RBL Bank, Dabur India, L&T Finance Holdings, InterGlobe Aviation, Bandhan Bank, L&T Technology Services, ICICI Lombard General Insurance Company, Bhageria Industries, Hindustan Zinc, Dhanuka Agritech, Mahindra CIE Automotive, JM Financial, Phillips Carbon Black, Indbank Merchant Banking Services, Tokyo Plast International are due to submit their quarterly earnings report today.

  • 08:50 IST

    Market Expectations


    Sensex Today: Domestic equity benchmarks BSE Sensex and NSE Nifty are likely to open lower on back of lacklustre trade by investors amid earning's season.

     


    Yesterday, market erased gains of last two sessions as domestic equity benchmarks BSE Sensex and NSE Nifty fell over 0.70% each by the closing bell, with Sensex giving up 38,000 and Nifty back below 11,600 levelhigher led by gains in PSU Bank and FMCG stocks.

    Sensex Today: Sensex closes 318 points lower, Nifty at 11,596; YES Bank drops 12%

  • 08:50 IST:
    Sensex Today: Domestic equity benchmarks BSE Sensex and NSE Nifty are likely to open lower on back of lacklustre trade by investors amid earning's season.

     


    Yesterday, market erased gains of last two sessions as domestic equity benchmarks BSE Sensex and NSE Nifty fell over 0.70% each by the closing bell, with Sensex giving up 38,000 and Nifty back below 11,600 levelhigher led by gains in PSU Bank and FMCG stocks.

    Sensex Today: Sensex closes 318 points lower, Nifty at 11,596; YES Bank drops 12%