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Sensex Today: Share market ends in red, Sensex ends 229 points lower; Nifty at 11,840

BusinessToday.In | 13 November 2019

Share Market Today: Domestic benchmark indices Sensex and Nifty fell further by the last hour of trade to close 0.60% lower each on Wednesday, backed by heavy selling pressure in media, banking and realty stocks. While Sensex closed 229 points lower at 40,116 level, Nifty ended the day's trade at 11,840, declining 73 points. Sectorally, all the indices closed in the red with 3-4% declines registered in media and PSU banking stocks, followed by 2% fall in metal stocks and nearly 2% fall in pharma, realty and banking scrips. While Yes Bank, GAIL, Zee Entertainment, Adani Ports and Grasim were among the top losers on the Nifty at the closing bell today, best performers on Nifty were Britannia Industries, TCS, Reliance Industries, Nestle and Bajaj Finserv.

 

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KEY UPDATES

  • Share Market: While Yes Bank, GAIL, Zee Entertainment, Adani Ports and Grasim were among the top losers on the Nifty at the closing bell today, best performers on Nifty were Britannia Industries, TCS, Reliance Industries, Nestle and Bajaj Finserv.
  • 15:43 IST

    Closing bell: Sensex and Nifty decline 0.60% each

    Share Market Today: Domestic benchmark indices Sensex and Nifty fell further by the last hour of trade to close 0.60% lower each on Wednesday, backed by heavy selling pressure in media, banking and realty stocks. While Sensex closed 229 points lower at 40,116 level, Nifty ended the day's trade at 11,840, declining 73 points. Sectorally, all the indices closed in the red with 3-4% declines registered in media and PSU banking stocks, followed by 2% fall in metal stocks and nearly 2% fall in pharma, realty and banking scrips.

  • 15:43 IST: Share Market Today: Domestic benchmark indices Sensex and Nifty fell further by the last hour of trade to close 0.60% lower each on Wednesday, backed by heavy selling pressure in media, banking and realty stocks. While Sensex closed 229 points lower at 40,116 level, Nifty ended the day's trade at 11,840, declining 73 points. Sectorally, all the indices closed in the red with 3-4% declines registered in media and PSU banking stocks, followed by 2% fall in metal stocks and nearly 2% fall in pharma, realty and banking scrips.

  • 15:37 IST

    Nifty gainers and losers at closing bell

    While Yes Bank, GAIL, Zee Entertainment, Adani Ports and Grasim were among the top losers on the Nifty at the closing bell today, best performers on Nifty were Britannia Industries, TCS, Reliance Industries, Nestle and Bajaj Finserv.

  • 15:37 IST: While Yes Bank, GAIL, Zee Entertainment, Adani Ports and Grasim were among the top losers on the Nifty at the closing bell today, best performers on Nifty were Britannia Industries, TCS, Reliance Industries, Nestle and Bajaj Finserv.

  • 15:35 IST

    Sensex and Nifty's intraday low on Wednesday

    While BSE S&P Sensex has made an intraday low of 40,061.23, falling 283 points against the last closing price of 40,345.08, NSE Nifty50 has fallen 89 points to hit the day's low of 11,823.20, against the previous closing value of 11,913 level.

  • 15:35 IST: While BSE S&P Sensex has made an intraday low of 40,061.23, falling 283 points against the last closing price of 40,345.08, NSE Nifty50 has fallen 89 points to hit the day's low of 11,823.20, against the previous closing value of 11,913 level.

  • 15:31 IST

    Adani Green hits new 52-week high post Q2 earnings

    Adani Greens' stock price rose 6.62% to a new 52-week and an all time high of Rs 99.8 on the BSE today after the company reported consolidated net profit of Rs 102.3 crore for July-September quarter as compared to net loss reported in the Q2 last year at Rs 188 crore.

    Company's revenue increased 53% to Rs 689 crore in Q2 FY20 compared to Rs 449 crore reported in the same quarter last fiscal.

    Its EBITDA rose 94.4% yearly to Rs 382.1 crore recorded in the second quarter this year compared to Rs 196.6 crore reported in the corresponding quarter in a year ago period. EBITDA margin also grew by 1,170 bps from 43% to 55% on a yearly basis.

  • 15:31 IST: Adani Greens' stock price rose 6.62% to a new 52-week and an all time high of Rs 99.8 on the BSE today after the company reported consolidated net profit of Rs 102.3 crore for July-September quarter as compared to net loss reported in the Q2 last year at Rs 188 crore.

    Company's revenue increased 53% to Rs 689 crore in Q2 FY20 compared to Rs 449 crore reported in the same quarter last fiscal.

    Its EBITDA rose 94.4% yearly to Rs 382.1 crore recorded in the second quarter this year compared to Rs 196.6 crore reported in the corresponding quarter in a year ago period. EBITDA margin also grew by 1,170 bps from 43% to 55% on a yearly basis.

  • 15:09 IST

    Market breadth

    Market breadth was negative with 942 stocks rising against 1588 falling on BSE.

  • 15:09 IST: Market breadth was negative with 942 stocks rising against 1588 falling on BSE.

  • 15:04 IST

    Sensex, Nifty losers

    Of 30 Sensex stocks, 26 were trading in the red. YES Bank, SBI and Vedanta Ltd were the top Sensex  losers falling up to 5.27%. On Nifty, 42 stocks fell against 8 advances. YES Bank, GAIL and Zee Entertainment were the top Nifty losers falling up to 5%.

  • 15:04 IST: Of 30 Sensex stocks, 26 were trading in the red. YES Bank, SBI and Vedanta Ltd were the top Sensex  losers falling up to 5.27%. On Nifty, 42 stocks fell against 8 advances. YES Bank, GAIL and Zee Entertainment were the top Nifty losers falling up to 5%.

  • 14:58 IST

    Sensex, Nifty extend losses

    Sensex falls 271 points to 40,073, Nifty loses 87 points to 11,826.

  • 14:58 IST: Sensex falls 271 points to 40,073, Nifty loses 87 points to 11,826.

  • 14:36 IST

    IRCTC share sees profit-booking

    IRCTC share sees profit-booking after hitting all-time high of Rs 981.35 against the previous close of Rs 932.80 on BSE.
    IRCTC stock falls 1.05% or 9.80 points to Rs 923. Earlier in the day, the PSU stock rose over 5% on both BSE and NSE to reach fresh all-time high. The stock opened at Rs 955 on BSE today.

  • 14:36 IST: IRCTC share sees profit-booking after hitting all-time high of Rs 981.35 against the previous close of Rs 932.80 on BSE.
    IRCTC stock falls 1.05% or 9.80 points to Rs 923. Earlier in the day, the PSU stock rose over 5% on both BSE and NSE to reach fresh all-time high. The stock opened at Rs 955 on BSE today.

  • 14:24 IST

    Sectors Today

    Sectorally, all the indices have turned red by the afternoon trading hours today. While highest decline can be seen in media sector, declining over 3%, nearly 2% fall has been registered in PSU banking and realty stocks, followed by 1% decline in pharma, metal and bank scrips.

  • 14:24 IST: Sectorally, all the indices have turned red by the afternoon trading hours today. While highest decline can be seen in media sector, declining over 3%, nearly 2% fall has been registered in PSU banking and realty stocks, followed by 1% decline in pharma, metal and bank scrips.

  • 14:13 IST

    Godrej Industries stock rises over 6% post Q2 earnings

    Godrej Industries rose over 6% to the intraday high of Rs 457.8 on the BSE today as the chemical manufacturer reported 95.7% year-on-year rise in its September quarter net profit to Rs 371.46 crore as against Rs 189.76 crore recorded in the same perios a year ago.

    Company's revenue for the September quarter increased 3.6% to Rs 2,628.71 crore compared to Rs 2,538.39 recorded in teh same quarter last year. While its EBIDTA rose 1.6% to Rs 151.1 crore, company EBITDA margin stood flat at 5.8% compared to 5.9% on a yearly basis.

  • 14:13 IST: Godrej Industries rose over 6% to the intraday high of Rs 457.8 on the BSE today as the chemical manufacturer reported 95.7% year-on-year rise in its September quarter net profit to Rs 371.46 crore as against Rs 189.76 crore recorded in the same perios a year ago.

    Company's revenue for the September quarter increased 3.6% to Rs 2,628.71 crore compared to Rs 2,538.39 recorded in teh same quarter last year. While its EBIDTA rose 1.6% to Rs 151.1 crore, company EBITDA margin stood flat at 5.8% compared to 5.9% on a yearly basis.

  • 14:04 IST

    Vakrangee erases gains to trade flat post Q2 results

    Vakrangee shares, that traded higher in the early hours erased all gains to trade flat despite the company reporting 460% hike in its consolidated net profit to Rs 10.9 crore in July-September quarter this year as against Rs 1.9 crore recorded in the same period a year ago. Company's revenue hoever, slipped 49% and at EBITDA level, it continued to report loss, that stood at Rs 0.4 crore in Q2FY20 as compared to Q2FY19's registered loss of Rs 14.4 crore.

  • 14:04 IST: Vakrangee shares, that traded higher in the early hours erased all gains to trade flat despite the company reporting 460% hike in its consolidated net profit to Rs 10.9 crore in July-September quarter this year as against Rs 1.9 crore recorded in the same period a year ago. Company's revenue hoever, slipped 49% and at EBITDA level, it continued to report loss, that stood at Rs 0.4 crore in Q2FY20 as compared to Q2FY19's registered loss of Rs 14.4 crore.

  • 13:55 IST

    Trident shares rise 5% as co gets patent from GOI

    Trident shares rose 5.83% to touch the intraday high of Rs 65.4 on the BSE today after the firm announced it has been granted patent for 'Apparatus and Method for treating an industrial Effluent containing Sodium Sulphate by Indian Patent Office, Government of India.

    The grant of this patent provides recognition to Trident in making its surroundings Environment friendly by conserving water and reusing the same for its textile dyeing process, the company said in the regulatory statement.

  • 13:55 IST: Trident shares rose 5.83% to touch the intraday high of Rs 65.4 on the BSE today after the firm announced it has been granted patent for 'Apparatus and Method for treating an industrial Effluent containing Sodium Sulphate by Indian Patent Office, Government of India.

    The grant of this patent provides recognition to Trident in making its surroundings Environment friendly by conserving water and reusing the same for its textile dyeing process, the company said in the regulatory statement.

  • 13:49 IST

    Edelweiss Financial locks in 5% upper circuit

    Shares of Edelweiss Financial Services rose to Rs 122.10 and locked at 5% upper circuit today as the conglomerate announced that private equity firm Sanaka Capital along with co-investors will incvets up to Rs 525 crore into the the group’s investment advisory business.

    The proposed investment in the business is subject to regulatory approvals, company said in its regulatory statement.

    Rashesh Shah, the Chairman and CEO of Edelweiss Group said,"We look forward to working with the Sanaka team, to capitalise on emerging opportunities and take our investment advisory business to the next level."

     

  • 13:49 IST: Shares of Edelweiss Financial Services rose to Rs 122.10 and locked at 5% upper circuit today as the conglomerate announced that private equity firm Sanaka Capital along with co-investors will incvets up to Rs 525 crore into the the group’s investment advisory business.

    The proposed investment in the business is subject to regulatory approvals, company said in its regulatory statement.

    Rashesh Shah, the Chairman and CEO of Edelweiss Group said,"We look forward to working with the Sanaka team, to capitalise on emerging opportunities and take our investment advisory business to the next level."

     

  • 13:32 IST

    Market Update

    Domestic benchmark indices Sensex and Nifty turned majorly bearish by the afternoon trading hours on Wednesday, backed by heavy selling pressure in media, banking and realty stocks. While Sensex has fallen 100 points 40,252 level, Nifty50 currently trades 30 points lower at 11,882 level.

  • 13:32 IST: Domestic benchmark indices Sensex and Nifty turned majorly bearish by the afternoon trading hours on Wednesday, backed by heavy selling pressure in media, banking and realty stocks. While Sensex has fallen 100 points 40,252 level, Nifty50 currently trades 30 points lower at 11,882 level.

  • 13:28 IST

    BHEL declines 2% ahead of Q2 earnings

    Share price of Bharat Heavy Electricals Limited (BHEL) fell over 4% intraday as the firm is scheduled to report its July-September quarter earnings today.

     

  • 13:28 IST: Share price of Bharat Heavy Electricals Limited (BHEL) fell over 4% intraday as the firm is scheduled to report its July-September quarter earnings today.

     

  • 13:23 IST

    TCS shares climb 3.5% on expanding partnership with Phoenix Group

    Share price of Tata Consultancy Services (TCS) climbed 3.55% to the intraday high of Rs 2,714.25 on the BSE, after the IT major announced an expansion of its long-term partnership with Phoenix Group.

    The leading global lT services, consulting and business solutions organization announced an expansion of its long-term partnership with Phoenix Group, Europe's largest life and pensions consolidator, to drivethe growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers.

    The expanded partnership will result in the digital transformation of Standard Life's pensions andsavings operations onto the TCS BFSI Digital Platform, the company said in a regulatory statement  submitted on Tuesday.

  • 13:23 IST: Share price of Tata Consultancy Services (TCS) climbed 3.55% to the intraday high of Rs 2,714.25 on the BSE, after the IT major announced an expansion of its long-term partnership with Phoenix Group.

    The leading global lT services, consulting and business solutions organization announced an expansion of its long-term partnership with Phoenix Group, Europe's largest life and pensions consolidator, to drivethe growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers.

    The expanded partnership will result in the digital transformation of Standard Life's pensions andsavings operations onto the TCS BFSI Digital Platform, the company said in a regulatory statement  submitted on Tuesday.

  • 13:16 IST

    IRCTC rises to all time high ahead of results

    IRCTC share price rose 5.2% to hit an all-time high of Rs 981.35 on Wednesday as the Indian Railways-owned firm was scheduled to announce its quarterly earnings for the first time after its blockbuster listing in October this year.

    IRCTC share price has outperformed the 'Travel Support Services' sector by 4.89% today, where the sector has fallen 1.15% intraday. IRCTC's market capitalisation has risen to Rs 15,575 crore on BSE today. The stock has gained 10% in the last 2 sessions.

    IRCTC share price hits all-time high ahead of Q2 earnings, inches closer to Rs 1,000 mark

  • 13:16 IST: IRCTC share price rose 5.2% to hit an all-time high of Rs 981.35 on Wednesday as the Indian Railways-owned firm was scheduled to announce its quarterly earnings for the first time after its blockbuster listing in October this year.

    IRCTC share price has outperformed the 'Travel Support Services' sector by 4.89% today, where the sector has fallen 1.15% intraday. IRCTC's market capitalisation has risen to Rs 15,575 crore on BSE today. The stock has gained 10% in the last 2 sessions.

    IRCTC share price hits all-time high ahead of Q2 earnings, inches closer to Rs 1,000 mark

  • 13:07 IST

    Hndalco shares decline 2% post Q2 results

    Hindalco shares fell 2.45% to the intraday low of Rs 195.5 on the BSE, as the aluminium manufacturing company reported consolidated net profit at Rs 974 crore for the July-September quarter this year, down 33% compared to Rs 1,448 crore recorded in the same period a year ago.

    Company's revenue were down 8.8% at Rs 29,657 crore during the Q2FY20 as against  Rs 32,507 crore, reported in the same period last fiscal year.

  • 13:07 IST: Hindalco shares fell 2.45% to the intraday low of Rs 195.5 on the BSE, as the aluminium manufacturing company reported consolidated net profit at Rs 974 crore for the July-September quarter this year, down 33% compared to Rs 1,448 crore recorded in the same period a year ago.

    Company's revenue were down 8.8% at Rs 29,657 crore during the Q2FY20 as against  Rs 32,507 crore, reported in the same period last fiscal year.

  • 12:42 IST

    Sensex gainers and losers



    Top losers in the Sensex pack included Infosys, Bharti Airtel, SBI, Bajaj Finance, ICICI Bank, HDFC and ITC that fell up to 1.37% each.

    On the other hand, top gainers in the Sensex pack included Yes Bank, TCS, RIL, HCL Tech, Asian Paints, HUL and HDFC Bank, rising up to 2.05%.

  • 12:42 IST:

    Top losers in the Sensex pack included Infosys, Bharti Airtel, SBI, Bajaj Finance, ICICI Bank, HDFC and ITC that fell up to 1.37% each.

    On the other hand, top gainers in the Sensex pack included Yes Bank, TCS, RIL, HCL Tech, Asian Paints, HUL and HDFC Bank, rising up to 2.05%.

  • 12:12 IST

    Lupin shares decline 1% after rising 3% intraday

    The share price of Lupin Pharma, that rose 3% intraday in the early hours erased all gains to turn bearish and traded 1% lower on the BSE today, as the drugmaker announced that it has entered into an agreement to divest its stake in Kyowa to Unison in Japan.
     

  • 12:12 IST: The share price of Lupin Pharma, that rose 3% intraday in the early hours erased all gains to turn bearish and traded 1% lower on the BSE today, as the drugmaker announced that it has entered into an agreement to divest its stake in Kyowa to Unison in Japan.
     

  • 11:42 IST

    Market update

    According to traders, weak factory output numbers and negative cues from other Asian equities weighed on investor sentiment. Domestic market currently awaits cues from consumer price inflation data, which is scheduled to be released later in the day.

     

  • 11:42 IST: According to traders, weak factory output numbers and negative cues from other Asian equities weighed on investor sentiment. Domestic market currently awaits cues from consumer price inflation data, which is scheduled to be released later in the day.

     

  • 11:40 IST

    FII remain bullish, DII stays bearish

    Foreign institutional investors purchased shares worth Rs 664.20 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 245.06 crore, data available with stock exchange showed.

  • 11:40 IST: Foreign institutional investors purchased shares worth Rs 664.20 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 245.06 crore, data available with stock exchange showed.

  • 11:26 IST

    Rupee trades 30 paise lower at 71.77 per dollar

    Rupee is expected to trade lower, accompanying emerging Asian currencies amid weaker industrial production and stronger dollar demand. India's Index of industrial production fell 4.3% in September, govt. said after close of markets Monday.

    Industrial production shrank by 4.3% in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data released on Monday.

    According to the Central Statistics Office data, 4.3% is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017. The IIP had declined by 0.7% in April, 2012.

    Rupee vs Dollar: Rupee slips to 71.77 per dollar amid weak factory output in September

  • 11:26 IST:

    Rupee is expected to trade lower, accompanying emerging Asian currencies amid weaker industrial production and stronger dollar demand. India's Index of industrial production fell 4.3% in September, govt. said after close of markets Monday.

    Industrial production shrank by 4.3% in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data released on Monday.

    According to the Central Statistics Office data, 4.3% is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017. The IIP had declined by 0.7% in April, 2012.

    Rupee vs Dollar: Rupee slips to 71.77 per dollar amid weak factory output in September

  • 11:02 IST

    Metropolis rises 2% post Q2 results



    Metropolis Healthcare shares rose 2.8% to touch an intraday high of Rs 1,440 on the BSE, after the  company registered 43.7% jump on profit after tax to Rs 43 crore in Q2 FY20, up from Rs 30 crore recorded during Q2FY19. The leading diagnostic service provider recorded 15.6% jump in its revenue for the July to September quarter at Rs 223 crore compared to Rs 193 crore in the corresponding quarter of previous fiscal.

  • 11:02 IST:

    Metropolis Healthcare shares rose 2.8% to touch an intraday high of Rs 1,440 on the BSE, after the  company registered 43.7% jump on profit after tax to Rs 43 crore in Q2 FY20, up from Rs 30 crore recorded during Q2FY19. The leading diagnostic service provider recorded 15.6% jump in its revenue for the July to September quarter at Rs 223 crore compared to Rs 193 crore in the corresponding quarter of previous fiscal.

  • 11:00 IST

    Sun TV shares decline over 9% on weak Q2 figures



    Share price of Sun TV Network Ltd declined 9.64% intraday to Rs 478 on Wednesday as the media company reported a marginal increase of 1.04% in its consolidated profit after tax (PAT) to Rs 368.79 crore for Q2FY20, as compared to Rs 364.99 crore recorded in the same period a year ago.

    Sun TV's total income rose 6.79% to Rs 900.74 crore in the September quarter compared to Rs 843.44 crore in the corresponding quarter of the previous fiscal. The company's total expenses increased 65.95% to Rs 499.54 crore during September quarter against Rs 301.01 crore recorded in the same quarter a year ago.

    Sun TV shares plunge over 9% on weak September quarter results

  • 11:00 IST:

    Share price of Sun TV Network Ltd declined 9.64% intraday to Rs 478 on Wednesday as the media company reported a marginal increase of 1.04% in its consolidated profit after tax (PAT) to Rs 368.79 crore for Q2FY20, as compared to Rs 364.99 crore recorded in the same period a year ago.

    Sun TV's total income rose 6.79% to Rs 900.74 crore in the September quarter compared to Rs 843.44 crore in the corresponding quarter of the previous fiscal. The company's total expenses increased 65.95% to Rs 499.54 crore during September quarter against Rs 301.01 crore recorded in the same quarter a year ago.

    Sun TV shares plunge over 9% on weak September quarter results

  • 10:15 IST

    Reliance Industries' share price rises 1.7%

    Shares of Reliance Industries rose 1.7% to the intraday high of Rs 1,451.95 againsr the last closing value of Rs 1,427.80 on the BSE today.

    Reliance Industries (RIL) has reportedly prepared a blueprint for its oil-to-chemical (O2C) play as it advances the negotiations with strategic investor Saudi Aramco to sell strategic stake in the business. According to the plan, RIL wants to convert 70 per cent of its output from Jamnagar refinery and petrochemical complex to chemicals. At present, the complex produces 90 per cent fuels - primarily petrol, diesel, naphtha, kerosene and Liquefied Petroleum Gas (LPG) - and the rest 10 per cent chemicals.

    "The ultimate goal is to achieve over 70 per cent conversion of the crude, which is refined in RIL's twin refineries in Jamnagar, to high-margin chemical building blocks of olefins and aromatics," said company sources.


    Reliance Industries' deal with Aramco: Mukesh Ambani wants chemicals to dominate Jamnagar refinery output

  • 10:15 IST: Shares of Reliance Industries rose 1.7% to the intraday high of Rs 1,451.95 againsr the last closing value of Rs 1,427.80 on the BSE today.

    Reliance Industries (RIL) has reportedly prepared a blueprint for its oil-to-chemical (O2C) play as it advances the negotiations with strategic investor Saudi Aramco to sell strategic stake in the business. According to the plan, RIL wants to convert 70 per cent of its output from Jamnagar refinery and petrochemical complex to chemicals. At present, the complex produces 90 per cent fuels - primarily petrol, diesel, naphtha, kerosene and Liquefied Petroleum Gas (LPG) - and the rest 10 per cent chemicals.

    "The ultimate goal is to achieve over 70 per cent conversion of the crude, which is refined in RIL's twin refineries in Jamnagar, to high-margin chemical building blocks of olefins and aromatics," said company sources.


    Reliance Industries' deal with Aramco: Mukesh Ambani wants chemicals to dominate Jamnagar refinery output

  • 10:02 IST

    Adani Gas rises over 2% post Q2 results





    Shares of Adani Gas rose 2.26% to touch an intraday high of Rs 151.5 on the BSE after the company reported more than doubling of its second quarter net profit on lower tax rate.

    Company's consolidated net profit in July-September stood at Rs 120.06 crore compared to Rs 50.66 crore reported in the same period a year back, while its revenue from operations jumped 12% to Rs 502.82 crore yearly.

  • 10:02 IST:



    Shares of Adani Gas rose 2.26% to touch an intraday high of Rs 151.5 on the BSE after the company reported more than doubling of its second quarter net profit on lower tax rate.

    Company's consolidated net profit in July-September stood at Rs 120.06 crore compared to Rs 50.66 crore reported in the same period a year back, while its revenue from operations jumped 12% to Rs 502.82 crore yearly.

  • 10:00 IST

    Adani Ports rises 1% post Q2 results

    Shares of Adani Ports and Special Economic Zone (APSEZ) rose 1% high to the day's high of Rs 391.55 on the BSE, against the last close of Rs 387.55 as the company posted 72.4% increase in consolidated profit at Rs 1,059.20 crore for the quarter ended September 30, 2019 compared to Rs 614.23 crore during same quarter in a year-ago period.

    Company's total income during the September quarter  increased to Rs 3,326.90 crore against Rs 2,922.32 crore in the year-ago period.
     

  • 10:00 IST: Shares of Adani Ports and Special Economic Zone (APSEZ) rose 1% high to the day's high of Rs 391.55 on the BSE, against the last close of Rs 387.55 as the company posted 72.4% increase in consolidated profit at Rs 1,059.20 crore for the quarter ended September 30, 2019 compared to Rs 614.23 crore during same quarter in a year-ago period.

    Company's total income during the September quarter  increased to Rs 3,326.90 crore against Rs 2,922.32 crore in the year-ago period.
     

  • 09:55 IST

    Vodafone shares 7% lower as CEO says Vodafone India's future in doubt

    Vodafone shares traded 7.5% lower to the day's low of Rs 3.70 on the BSE, against the last closing value of Rs 4, after the telecom gainst said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges.

    Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been "a very challenging situation for a long time", but it remained a sizable market where Vodafone had a 30% share.

    Asked if it made sense for Vodafone to remain in India without any relief package, he said: "It's fair to say it's a very critical situation."

    On Monday, shares of Vodafone closed 5.82% higher to Rs 4 apiece on the BSE.

    Vodafone's future in India in doubt after AGR ruling, says CEO Nick Read

  • 09:55 IST: Vodafone shares traded 7.5% lower to the day's low of Rs 3.70 on the BSE, against the last closing value of Rs 4, after the telecom gainst said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges.

    Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been "a very challenging situation for a long time", but it remained a sizable market where Vodafone had a 30% share.

    Asked if it made sense for Vodafone to remain in India without any relief package, he said: "It's fair to say it's a very critical situation."

    On Monday, shares of Vodafone closed 5.82% higher to Rs 4 apiece on the BSE.

    Vodafone's future in India in doubt after AGR ruling, says CEO Nick Read

  • 09:44 IST

    Aurobindo Pharma rises 3% post Q2 results




    Shares of Aurobindo Pharma opened with a gain of 2.38% today and later rose 3.55% to the intraday high of Rs 453.15 on the BSE on Wednesday as the company posted healthy September earnings on Monday.

    Aurobindo Pharma Limited reported 4.6% rise in its consolidated net profit for the September quarter to Rs 639.5 crore compared to Rs 611.4 crore recorded in the Q2 FY19.

    Company's revenue from operations rose nearly 18% to Rs 5600.5 crore as against Rs 4,751.4 crore recorded during the same period last fiscal.
     

  • 09:44 IST:


    Shares of Aurobindo Pharma opened with a gain of 2.38% today and later rose 3.55% to the intraday high of Rs 453.15 on the BSE on Wednesday as the company posted healthy September earnings on Monday.

    Aurobindo Pharma Limited reported 4.6% rise in its consolidated net profit for the September quarter to Rs 639.5 crore compared to Rs 611.4 crore recorded in the Q2 FY19.

    Company's revenue from operations rose nearly 18% to Rs 5600.5 crore as against Rs 4,751.4 crore recorded during the same period last fiscal.
     

  • 09:41 IST

    Britannia top gainer on NSE post Q2 results



    On NSE, share price Britannia Industries was the top gainer on Wednesday's early trade, rising over 4% after the Packaged Foods' sector firm reported healthy September earnings on Monday.

    Food company Britannia Industries Ltd on Monday posted 32.90% rise in consolidated net profit to Rs 402.73 crore for September quarter as compared to Rs 303.03 crore recorded during the July-September period a year ago.

    Company's net sales rose 5.88% to Rs 3,022.91 crore during the September quarter as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.

  • 09:41 IST:

    On NSE, share price Britannia Industries was the top gainer on Wednesday's early trade, rising over 4% after the Packaged Foods' sector firm reported healthy September earnings on Monday.

    Food company Britannia Industries Ltd on Monday posted 32.90% rise in consolidated net profit to Rs 402.73 crore for September quarter as compared to Rs 303.03 crore recorded during the July-September period a year ago.

    Company's net sales rose 5.88% to Rs 3,022.91 crore during the September quarter as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.

  • 09:38 IST

    Sectors Today

    Sectorally, strength in metal, pharma, FMCG and auto sectors helped the broader indices gain momentum, while weakness in IT, media, banking and realty indices dragged market further down.

     

  • 09:38 IST: Sectorally, strength in metal, pharma, FMCG and auto sectors helped the broader indices gain momentum, while weakness in IT, media, banking and realty indices dragged market further down.

     

  • 09:33 IST

    Market Update

    Amid weakness in global markets, domestic benchmark indices Sensex and Nifty opened on a tepid note on Wenesday and turned marginally positive, backed by bullish sectoral indices. While Sensex has risen 50 points 40,400 level, Nifty50 currently trades 13 points higher at 11,926 level.

  • 09:33 IST: Amid weakness in global markets, domestic benchmark indices Sensex and Nifty opened on a tepid note on Wenesday and turned marginally positive, backed by bullish sectoral indices. While Sensex has risen 50 points 40,400 level, Nifty50 currently trades 13 points higher at 11,926 level.

  • 09:25 IST

    Trump says China trade deal 'close' but dashes hopes for signing details

    President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record.

    Trump said U.S. and Chinese negotiators were “close” to a “phase one” trade deal, but largely repeated well-worn rhetoric about China’s “cheating” on trade. “They are dying to make a deal. We’re the ones that are deciding whether or not we want to make a deal,” Trump said, echoing remarks he made on Saturday.

    (Reuters)

  • 09:25 IST: President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record.

    Trump said U.S. and Chinese negotiators were “close” to a “phase one” trade deal, but largely repeated well-worn rhetoric about China’s “cheating” on trade. “They are dying to make a deal. We’re the ones that are deciding whether or not we want to make a deal,” Trump said, echoing remarks he made on Saturday.

    (Reuters)

  • 09:22 IST

    Market opens flat-to-positive

    With markets opening on Wednesday at 0918IST, BSE Sensex is seen rising 30 points to 40,374 level and NSE Nifty is currently trading flat at the last closing value of 11,913.20.

     

  • 09:22 IST: With markets opening on Wednesday at 0918IST, BSE Sensex is seen rising 30 points to 40,374 level and NSE Nifty is currently trading flat at the last closing value of 11,913.20.

     

  • 09:20 IST

    Rupee opens lower



    Indian rupee, the domestic benchmark currency opened lower 71.75 per dollar, the lowest level since September 17, amid US China trade deal uncertainty and weak opening of the domestic markets. Indian rupee had closed at a one month low level of 71.45 against the US dollar.


     

  • 09:20 IST:

    Indian rupee, the domestic benchmark currency opened lower 71.75 per dollar, the lowest level since September 17, amid US China trade deal uncertainty and weak opening of the domestic markets. Indian rupee had closed at a one month low level of 71.45 against the US dollar.


     

  • 09:16 IST

    Oil prices decline

    Oil prices fell, with brent crude falling 0.13 points to 61.93 USD at 0530 IST as diminishing prospects for an immediate resolution to a 16-month long trade war between the world’s two-largest economies suggested less demand for energy in the future.

     

  • 09:16 IST: Oil prices fell, with brent crude falling 0.13 points to 61.93 USD at 0530 IST as diminishing prospects for an immediate resolution to a 16-month long trade war between the world’s two-largest economies suggested less demand for energy in the future.

     

  • 09:08 IST

    Pre-open trade: Sensex, Nifty turn volatile

    Domestic benchmark indices started on a marginally positive note in the pre-open session, although both indices gave up gains soon. BSE Sensex traded 6 points lower 40.338 and NSE Nifty traded 5 points lower at 11,898.

  • 09:08 IST: Domestic benchmark indices started on a marginally positive note in the pre-open session, although both indices gave up gains soon. BSE Sensex traded 6 points lower 40.338 and NSE Nifty traded 5 points lower at 11,898.

  • 09:05 IST

    Earnings due on Wednesday

    Companies that are schedued to post their September quarter results today are namely HUDCO, Coffee Day Enterprises, BHEL, RITES, Adani Power, Cadila Healthcare, ABB India, IRCTC, Pidilite Industries, NALCO, RCF, Sintex Industries, Thermax, Bajaj Hindusthan, New India Assurance, Blue Star,  Bata India, Sadbhav Infrastructure,  Ashoka Buildcon, Jagran Prakashan, Lemon Tree Hotels, Mphasis, Balaji Telefilms, Adani Green Energy, Deepak Fertilizers, Muthoot Finance among others

     

  • 09:05 IST: Companies that are schedued to post their September quarter results today are namely HUDCO, Coffee Day Enterprises, BHEL, RITES, Adani Power, Cadila Healthcare, ABB India, IRCTC, Pidilite Industries, NALCO, RCF, Sintex Industries, Thermax, Bajaj Hindusthan, New India Assurance, Blue Star,  Bata India, Sadbhav Infrastructure,  Ashoka Buildcon, Jagran Prakashan, Lemon Tree Hotels, Mphasis, Balaji Telefilms, Adani Green Energy, Deepak Fertilizers, Muthoot Finance among others

     

  • 09:01 IST

    Lupin Pharma sells entire stake in Japanese arm Kyowa



    Lupin Pharma has sold the entire stake in its Japanese subsidiary Kyowa to Plutus Ltd, Japan, an entity affiliated with private equity firm Unison, in an all-cash transaction for $300 million. While Lupin is fourth-largest drugmaker in India, Kyowa is Japan's sixth major generic drugmaker.

    "The deal proceeds will be utilised to strengthen Lupin's balance sheet as well as provide growth capital to support organic and inorganic initiatives for our focus markets," Vinita Gupta, CEO, Lupin, said.

    After the stake sale, Lupin will not have any equity interest (direct or indirect) and managerial or indirect control over Kyowa.

    Lupin Pharma sells entire stake in Japanese arm Kyowa to Unison for Rs 2,103 crore

  • 09:01 IST:

    Lupin Pharma has sold the entire stake in its Japanese subsidiary Kyowa to Plutus Ltd, Japan, an entity affiliated with private equity firm Unison, in an all-cash transaction for $300 million. While Lupin is fourth-largest drugmaker in India, Kyowa is Japan's sixth major generic drugmaker.

    "The deal proceeds will be utilised to strengthen Lupin's balance sheet as well as provide growth capital to support organic and inorganic initiatives for our focus markets," Vinita Gupta, CEO, Lupin, said.

    After the stake sale, Lupin will not have any equity interest (direct or indirect) and managerial or indirect control over Kyowa.

    Lupin Pharma sells entire stake in Japanese arm Kyowa to Unison for Rs 2,103 crore

  • 08:58 IST

    SBI predicts India's GDP growth at record low of 4.2%

    State Bank of India, the country's largest lender, has predicted that India's Gross Domestic Product (GDP) growth may slip to a record low of 4.2 per cent in the second quarter amid low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure.

    India GDP growth has already hit a 6-year low of 5 per cent during June quarter of this fiscal (Q1FY20).

    SBI cuts India's GDP growth forecast to 4.2% for Q2, 5% for FY20

  • 08:58 IST: State Bank of India, the country's largest lender, has predicted that India's Gross Domestic Product (GDP) growth may slip to a record low of 4.2 per cent in the second quarter amid low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure.

    India GDP growth has already hit a 6-year low of 5 per cent during June quarter of this fiscal (Q1FY20).

    SBI cuts India's GDP growth forecast to 4.2% for Q2, 5% for FY20

  • 08:56 IST

    Tata Motors' India operations face acute challenges: Moody's



    Tata Sons infusing USD 914 million (around Rs 6,542 crore) equity in Tata Motors is credit positive for the company but the country's largest automobile manufacturer faces acute challenges in sluggish economic growth, weak liquidity, and tight financing norms, Moody's Investors Service said on Tuesday.

    Moody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors. The rating outlook is negative, Moody's said in a statement.

    Tata Motors' India operations face acute challenges, says Moody's

  • 08:56 IST:

    Tata Sons infusing USD 914 million (around Rs 6,542 crore) equity in Tata Motors is credit positive for the company but the country's largest automobile manufacturer faces acute challenges in sluggish economic growth, weak liquidity, and tight financing norms, Moody's Investors Service said on Tuesday.

    Moody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors. The rating outlook is negative, Moody's said in a statement.

    Tata Motors' India operations face acute challenges, says Moody's

  • 08:55 IST

    Nomura predicts lowest by far GDP growth for India


    Japanese brokerage Nomura on Friday massively cut its GDP forecast to a low 4.9 percent for the year from 5.7 percent earlier, saying the economy is going through a 'deeper trough' and even a sub-par recovery is at least a year away.

    The negative forecast came at a time when the international rating agency Moody's has revised down the outlook on the sovereign rating to negative from positive citing the many gathering storms around the economy, which is topped by the falling growth rate.

    Slowdown Blues: Japan's Nomura predicts 4.9% India GDP growth, lowest by far

  • 08:55 IST:
    Japanese brokerage Nomura on Friday massively cut its GDP forecast to a low 4.9 percent for the year from 5.7 percent earlier, saying the economy is going through a 'deeper trough' and even a sub-par recovery is at least a year away.

    The negative forecast came at a time when the international rating agency Moody's has revised down the outlook on the sovereign rating to negative from positive citing the many gathering storms around the economy, which is topped by the falling growth rate.

    Slowdown Blues: Japan's Nomura predicts 4.9% India GDP growth, lowest by far

  • 08:53 IST

    Another whistleblower complaint for Infosys CEO

    Another whistleblower complaint has surfaced against global software major Infosys' CEO Salil Parekh, accusing him of working in violation of the company norms. The whistleblower questioned why the Infosys board had been silent on the matter so far.

    "Though it is a year and 8 months since Parekh joined the company, he operates from Mumbai in violation of the condition that the CEO has to be based in Bengaluru and not Mumbai. What is stopping the board to insist on his movement to Bengaluru," the letter, accessed by IANS through sources on Monday night, says.

    Infosys CEO Parekh spent Rs 22 lakh on personal travel: whistleblower

  • 08:53 IST: Another whistleblower complaint has surfaced against global software major Infosys' CEO Salil Parekh, accusing him of working in violation of the company norms. The whistleblower questioned why the Infosys board had been silent on the matter so far.

    "Though it is a year and 8 months since Parekh joined the company, he operates from Mumbai in violation of the condition that the CEO has to be based in Bengaluru and not Mumbai. What is stopping the board to insist on his movement to Bengaluru," the letter, accessed by IANS through sources on Monday night, says.

    Infosys CEO Parekh spent Rs 22 lakh on personal travel: whistleblower

  • 08:48 IST

    Wall Street closed higher on Tuesday

    U.S. stocks mostly finished higher as Nasdaq and S&P 500 on Tuesday after President Trump suggested a trade deal with China could happen soon but did not offer clarity on a rollback of import tariffs.

  • 08:48 IST: U.S. stocks mostly finished higher as Nasdaq and S&P 500 on Tuesday after President Trump suggested a trade deal with China could happen soon but did not offer clarity on a rollback of import tariffs.

  • 08:44 IST

    Last closing on Monday

    Benchmark indices on Monday ended marginally higher after a negative trading day on weak global equities amid diminishing US-China trade deal hopes. While BSE Sensex ended 21 points higher at Rs 40,345, Nifty rose 5 points to 11,913.

    In global cues, the 16-month trade war between the world's two biggest economies diminished investor's sentiments as uncertainty still remained over whether the United States and China could end their damaging trade war.

    Sensex Today Update: Sensex closes 21 points higher, Nifty holds 11,900; YES Bank, Tata Motors, ICICI Bank top gainers

  • 08:44 IST: Benchmark indices on Monday ended marginally higher after a negative trading day on weak global equities amid diminishing US-China trade deal hopes. While BSE Sensex ended 21 points higher at Rs 40,345, Nifty rose 5 points to 11,913.

    In global cues, the 16-month trade war between the world's two biggest economies diminished investor's sentiments as uncertainty still remained over whether the United States and China could end their damaging trade war.

    Sensex Today Update: Sensex closes 21 points higher, Nifty holds 11,900; YES Bank, Tata Motors, ICICI Bank top gainers

  • 08:42 IST

    Asian indices trade lower




    Asian market opens on a soft note, with both Nikkei and Hong Index declining 1% each and KOSPI nearing day's low after the media news that the US President tweeted concern of US-China trade deal. China is taking a long time to implement trade negotiation according to a media report.


    SGX Nifty slipped 27 points or 0.2% and later felll 0.56% lower, as September IIP fell to over 7-year low and USDINR spiked to a 1-month high, indicating a lower opening for the Indian market.

  • 08:42 IST:


    Asian market opens on a soft note, with both Nikkei and Hong Index declining 1% each and KOSPI nearing day's low after the media news that the US President tweeted concern of US-China trade deal. China is taking a long time to implement trade negotiation according to a media report.


    SGX Nifty slipped 27 points or 0.2% and later felll 0.56% lower, as September IIP fell to over 7-year low and USDINR spiked to a 1-month high, indicating a lower opening for the Indian market.