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Sensex Today: Share market ends in red, Sensex closes 76 points lower, Nifty at 11,968

BusinessToday.In | 21 November 2019

Share Market Today: After a muted session, benchmark indices Sensex and Nifty turned majorly bearish and fell 0.20% each  by the closing bell. Where Sensex declined 76 points lower to 40,575 level, Nifty50 ended the day's trade at 11,968, declining 30 points lower to its previous close. On the sectoral front, except financials, media and realty indices, all the other sectors turned bearish by the last hour of trade and closed in the red. While Bharti Airtel, BPCL, Gail, Coal India and Tata Steel were the top losers in closing session Thursday, ZEE Entertainment, Eicher Motors, L&T, ICICI Bank and Adani Ports were among the top performers.

 

 

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  • Share Market Today: While Bharti Airtel, BPCL, Gail, Coal India and Tata Steel were the top losers in closing session Thursday, ZEE Entertainment, Eicher Motors, L&T, ICICI Bank and Adani Ports were among the top performers.
  • 15:55 IST

    Closing Bell

    After a muted session, benchmark indices Sensex and Nifty turned majorly bearish and fell 0.20% each  by the closing bell. Where Sensex declined 76 points lower to 40,575 level, Nifty50 ended the day's trade at 11,968, declining 30 points lower to its previous close.

    On the sectoral front, except financials, media and realty indices, all the other sectors turned bearish by the last hour of trade and closed in the red.

    While Bharti Airtel, BPCL, Gail, Coal India and Tata Steel were the top losers in closing session Thursday, ZEE Entertainment, Eicher Motors, L&T, ICICI Bank and Adani Ports were among the top performers.

     

  • 15:55 IST: After a muted session, benchmark indices Sensex and Nifty turned majorly bearish and fell 0.20% each  by the closing bell. Where Sensex declined 76 points lower to 40,575 level, Nifty50 ended the day's trade at 11,968, declining 30 points lower to its previous close.

    On the sectoral front, except financials, media and realty indices, all the other sectors turned bearish by the last hour of trade and closed in the red.

    While Bharti Airtel, BPCL, Gail, Coal India and Tata Steel were the top losers in closing session Thursday, ZEE Entertainment, Eicher Motors, L&T, ICICI Bank and Adani Ports were among the top performers.

     

  • 14:53 IST

    Jubilant Life Sciences share price climbs 7%


    The share price of Jubilant Life Sciences gained on Thursday after China announced the termination of its six-year-long anti-dumping measures on pyridine imports from India and Japan.

    Jubilant Life Sciences' share price opened with a gain of 5.98% and later rallied 7.32% intraday to the day's high of Rs 540.75 on the BSE.

  • 14:53 IST:
    The share price of Jubilant Life Sciences gained on Thursday after China announced the termination of its six-year-long anti-dumping measures on pyridine imports from India and Japan.

    Jubilant Life Sciences' share price opened with a gain of 5.98% and later rallied 7.32% intraday to the day's high of Rs 540.75 on the BSE.

  • 14:11 IST

    Market trades flat

    Indian equity market traded flat with negative bias on Thursday following renewed US China political tension. Sensex has risen 3 points higher at 40,655 level and Nifty trades flat with 1 point decline at 11,998. 

     

  • 14:11 IST: Indian equity market traded flat with negative bias on Thursday following renewed US China political tension. Sensex has risen 3 points higher at 40,655 level and Nifty trades flat with 1 point decline at 11,998. 

     

  • 14:08 IST

    Cadila Healthcare rises over 2%

    Cadila Healthcare share price rose 2.35% to Rs 254.9 on Thursday after the company announced that Zydus receives final approvals from the USFDA for Isosorbide Dinitrate Tablets and Desonide Cream. The stock has overall gained 12.166% in the last 6 straight sessions of gain.

    The group also received the final approval for Desonide Cream (US RLD — Desonide Cream),
    0.05%, the company said the BSE filing submitted today.

    The group now has 278 approvals and has so far filed over 330 ANDAs since the
    commencement of the filing process in FY 2003—04, it added.

  • 14:08 IST: Cadila Healthcare share price rose 2.35% to Rs 254.9 on Thursday after the company announced that Zydus receives final approvals from the USFDA for Isosorbide Dinitrate Tablets and Desonide Cream. The stock has overall gained 12.166% in the last 6 straight sessions of gain.

    The group also received the final approval for Desonide Cream (US RLD — Desonide Cream),
    0.05%, the company said the BSE filing submitted today.

    The group now has 278 approvals and has so far filed over 330 ANDAs since the
    commencement of the filing process in FY 2003—04, it added.

  • 13:09 IST

    DHFL shares fall 5% as RBI takes over company board

    DHFL shares fell 4.9% in the trade today after apex bank Reserve Bank of India (RBI)superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, in a move to initiate an insolvency process of the debt-laden mortgage lender.

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  • 13:09 IST: DHFL shares fell 4.9% in the trade today after apex bank Reserve Bank of India (RBI)superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, in a move to initiate an insolvency process of the debt-laden mortgage lender.

    Read more

  • 13:00 IST

    US-China trade deal developments

    Global markets traded down after U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations. In the meanwhile, China has urged US to take measures immediately to prevent the bill from becoming a law.

    Further, President Trump on Tuesday said that the US will raise tariffs on China if the world's second-largest economy does not agree to a trade deal that he wants.

  • 13:00 IST: Global markets traded down after U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations. In the meanwhile, China has urged US to take measures immediately to prevent the bill from becoming a law.

    Further, President Trump on Tuesday said that the US will raise tariffs on China if the world's second-largest economy does not agree to a trade deal that he wants.

  • 12:48 IST

    SAIL shares decline

    Steel Authority of India Limited (SAIL) shares fell 3.56% to touch an intraday low of Rs 36.55 on BSE today after Steel Minister, Dharmendra Pradhan said that the government will slowly begin stake dilution in SAIL, while retaining its management, as per Reuters report.

  • 12:48 IST: Steel Authority of India Limited (SAIL) shares fell 3.56% to touch an intraday low of Rs 36.55 on BSE today after Steel Minister, Dharmendra Pradhan said that the government will slowly begin stake dilution in SAIL, while retaining its management, as per Reuters report.

  • 12:39 IST

    Oil prices decline

    Oil held near its lowest in more than two weeks and slipped on Thursday as both China and US have not come out yet with any announcements of the trade deal. Brent crude futures, the global oil benchmark, fell 0.29 per cent to USD 62.22 per barrel.

  • 12:39 IST: Oil held near its lowest in more than two weeks and slipped on Thursday as both China and US have not come out yet with any announcements of the trade deal. Brent crude futures, the global oil benchmark, fell 0.29 per cent to USD 62.22 per barrel.

  • 12:36 IST

    Rupee declines 2 paise

    On the currency front, the rupee depreciated 2 paise (intra-day) against the US dollar to trade at 71.83 in early session.

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  • 12:36 IST: On the currency front, the rupee depreciated 2 paise (intra-day) against the US dollar to trade at 71.83 in early session.

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  • 12:25 IST

    Zee Entertainment shares up 15%


    Zee Entertainment Enterprises share price rose up to 15% to Rs 353.20 compared to the previous close of Rs 307.15 on BSE, after the media firm said that its promoter was considering selling their stake in the company.

    "The Essel Group is planning to sell 16.5 per cent stake in ZEE Entertainment Enterprises Limited (ZEEL) to financial investors," the media company said in a filing to the Bombay Stock Exchange on Wednesday.

    The large cap stock has gained 16.89% in the last two days.

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  • 12:25 IST:
    Zee Entertainment Enterprises share price rose up to 15% to Rs 353.20 compared to the previous close of Rs 307.15 on BSE, after the media firm said that its promoter was considering selling their stake in the company.

    "The Essel Group is planning to sell 16.5 per cent stake in ZEE Entertainment Enterprises Limited (ZEEL) to financial investors," the media company said in a filing to the Bombay Stock Exchange on Wednesday.

    The large cap stock has gained 16.89% in the last two days.

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  • 12:12 IST

    Gainers and losers

    While Bharti Infratel, BPCL, Bharti Airtel and UPL were among the top losers today, shares of Zee, HCL Tech, L&T and Tech Mahindra were among the top gainers.

  • 12:12 IST: While Bharti Infratel, BPCL, Bharti Airtel and UPL were among the top losers today, shares of Zee, HCL Tech, L&T and Tech Mahindra were among the top gainers.

  • 11:38 IST

    BPCL, SCI declines, CONCOR rises

    Shares of Bharat Petroleum Corp Ltd, Shipping Corporation of India declined in the early trade on Thursday after FM Sitharaman announced that the Cabinet has given the in-principle approval for disinvestment in selected blue-chip public sector companies.

    Following the development, Shipping Corporation of India rose to a new-52 week high of Rs 69.8, although lost gains to decline 4.39% intraday to Rs 64.8 on the Bombay Stock Exchange. BPCL shares too hit a fresh 52-high of Rs 549.7, but later reversed the trend to fall 2.47% intraday to Rs 527.35.

    Contrary to this, share price Container Corporation rose 4.67% higher with Thursday' opening bell to Rs 605.

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  • 11:38 IST: Shares of Bharat Petroleum Corp Ltd, Shipping Corporation of India declined in the early trade on Thursday after FM Sitharaman announced that the Cabinet has given the in-principle approval for disinvestment in selected blue-chip public sector companies.

    Following the development, Shipping Corporation of India rose to a new-52 week high of Rs 69.8, although lost gains to decline 4.39% intraday to Rs 64.8 on the Bombay Stock Exchange. BPCL shares too hit a fresh 52-high of Rs 549.7, but later reversed the trend to fall 2.47% intraday to Rs 527.35.

    Contrary to this, share price Container Corporation rose 4.67% higher with Thursday' opening bell to Rs 605.

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  • 11:04 IST

    SEBI revamps rights issue process

    Market regulator SEBI announced that it has revamped the rights issue process. The timeline to complete rights issue has been adjusted to T+31 days from the current T+55 days timeline. Additionally, net worth requirement of portfolio managers has been enhanced from Rs 2 crore to Rs 5 crore.

     

  • 11:04 IST: Market regulator SEBI announced that it has revamped the rights issue process. The timeline to complete rights issue has been adjusted to T+31 days from the current T+55 days timeline. Additionally, net worth requirement of portfolio managers has been enhanced from Rs 2 crore to Rs 5 crore.

     

  • 11:02 IST

    Market Update

    Share Market Today: Benchmark indices Sensex and Nifty turned bearish on Thursday's early trade, on back of weak global equities amid fresh US-China trade deal tensions. Sensex has fallen 18 points lower at 40,62 level and Nifty has declined 7 points to 11,991.

    Sensex has fallen 65 points lower to 40,583 and Nifty traded 31 points lower at 11,967 level.

    Sectorally, strength in IT, media, auto and PSU banking stocks supported the markets however weakness in realty, pharma, banking, FMCG, and metal shares limited the gains.

  • 11:02 IST: Share Market Today: Benchmark indices Sensex and Nifty turned bearish on Thursday's early trade, on back of weak global equities amid fresh US-China trade deal tensions. Sensex has fallen 18 points lower at 40,62 level and Nifty has declined 7 points to 11,991.

    Sensex has fallen 65 points lower to 40,583 and Nifty traded 31 points lower at 11,967 level.

    Sectorally, strength in IT, media, auto and PSU banking stocks supported the markets however weakness in realty, pharma, banking, FMCG, and metal shares limited the gains.

  • 10:45 IST

    Cabinet approves sale of 5 PSUs




    In-principle approval has also been granted government's 63.75% equity stake in Shipping Corporation of India, 53.2% stake in Bharat Petroleum Corporation Limited (BPCL) and 30.8% of Container Corporation of India.

    Cabinet has also given the in-principle approval for disinvestment of 74.23% stake sale of THDC and 100% of North Eastern Electric Power Coporation Limited (NEEPCO).

    Following the development, Shipping Corporation of India declined 4.39% intraday, BPCL shares declined 2.47%. On the contrary, share price Container Corporation rose 4.67% higher.


     

  • 10:45 IST:


    In-principle approval has also been granted government's 63.75% equity stake in Shipping Corporation of India, 53.2% stake in Bharat Petroleum Corporation Limited (BPCL) and 30.8% of Container Corporation of India.

    Cabinet has also given the in-principle approval for disinvestment of 74.23% stake sale of THDC and 100% of North Eastern Electric Power Coporation Limited (NEEPCO).

    Following the development, Shipping Corporation of India declined 4.39% intraday, BPCL shares declined 2.47%. On the contrary, share price Container Corporation rose 4.67% higher.


     

  • 10:41 IST

    Telecom shares decline

    Shares of telecom service providers fell in the early trade on Thursday, with Vodafone shares trading almost 12% lower intraday, followed by Bharti Airtel stock price that fell 2.26% intraday. Reliance Industries stock too registered trend reversal and fell 0.83% lower today.

    On the contrary, Tata Teleservice(Maharashtra) (TTML) stock rose 9.3% higher, followed by Reliance Communications that rose 5% intraday and Mahanagar Telephone Nigam (MTNL) shares rising 4.89% intraday.

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  • 10:41 IST: Shares of telecom service providers fell in the early trade on Thursday, with Vodafone shares trading almost 12% lower intraday, followed by Bharti Airtel stock price that fell 2.26% intraday. Reliance Industries stock too registered trend reversal and fell 0.83% lower today.

    On the contrary, Tata Teleservice(Maharashtra) (TTML) stock rose 9.3% higher, followed by Reliance Communications that rose 5% intraday and Mahanagar Telephone Nigam (MTNL) shares rising 4.89% intraday.

    Read more

  • 09:44 IST

    SEBI doubles PMS investment size to Rs 50 lakh


    Market regulator Securities and Exchange Board of India (SEBI) doubled the minimum investment limit for clients of portfolio management services (PMS) to Rs 50 lakh from the earlier decided Rs 25 lakh, in a move to restrict the entry of dubious operators in the business and curb mis-selling.

    The market regulator also increased the net worth requirement for PMS to Rs 5 crore from Rs 2 crore earlier. SEBI has given the existing portfolio managers 36 months to meet the enhanced requirement.

    Read more

  • 09:44 IST:
    Market regulator Securities and Exchange Board of India (SEBI) doubled the minimum investment limit for clients of portfolio management services (PMS) to Rs 50 lakh from the earlier decided Rs 25 lakh, in a move to restrict the entry of dubious operators in the business and curb mis-selling.

    The market regulator also increased the net worth requirement for PMS to Rs 5 crore from Rs 2 crore earlier. SEBI has given the existing portfolio managers 36 months to meet the enhanced requirement.

    Read more

  • 09:40 IST

    Rupee opens flat against the US Dollar

    Rupee, the domestic currency, opened flat at 78.81 against the US dollar, amid fresh US-China trade deal tensions.

  • 09:40 IST: Rupee, the domestic currency, opened flat at 78.81 against the US dollar, amid fresh US-China trade deal tensions.

  • 09:33 IST

    Market turns red

    Sensex and Nifty turned red, few minutes past the opening bell, amid negative global markets. Sensex has fallen 18 points lower at 40,62 level and Nifty has declined 7 points to 11,991.

  • 09:33 IST: Sensex and Nifty turned red, few minutes past the opening bell, amid negative global markets. Sensex has fallen 18 points lower at 40,62 level and Nifty has declined 7 points to 11,991.

  • 09:22 IST

    Opening bell on Thursday

    Indian equity market has started marginally higher on Thursday, backed by strong domestic cues, contrary to global markets that traded on the negative amid fresh US-China trade deal tensions. Sensex rose 100 points higher at the opening bell at 40,737, while Nifty opened at 12,025.65.

     

  • 09:22 IST: Indian equity market has started marginally higher on Thursday, backed by strong domestic cues, contrary to global markets that traded on the negative amid fresh US-China trade deal tensions. Sensex rose 100 points higher at the opening bell at 40,737, while Nifty opened at 12,025.65.

     

  • 09:18 IST

    Cabinet approves 2yr moratorium on spectrum payments

    The Union Cabinet on Wednesday approved a two-year moratorium on payment of pending spectrum auction installments for the years 2020-21 and 2021-22, a much-needed respite to stressed telecom companies.

    The move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, sources told PTI.

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  • 09:18 IST:

    The Union Cabinet on Wednesday approved a two-year moratorium on payment of pending spectrum auction installments for the years 2020-21 and 2021-22, a much-needed respite to stressed telecom companies.

    The move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, sources told PTI.

    Read more

  • 09:15 IST

    Pre-open Session on Thursday

    After Pre-opening in the negative, Sensex and Nifty turned positive, backed by favorable cues at domestic front. Sensex rose 85 points higher at 40,747 and Nifty traded at 12,025, rising 26 points to previous close.

     

  • 09:15 IST: After Pre-opening in the negative, Sensex and Nifty turned positive, backed by favorable cues at domestic front. Sensex rose 85 points higher at 40,747 and Nifty traded at 12,025, rising 26 points to previous close.

     

  • 09:13 IST

    Global Market Update

     On Wall Street, concerns over the US-China trade deal progress kept investors on edge yesterday. Dow Jones Industrial Average fell 0.41%, followed by the S&P 500 that lost 0.38%, and the Nasdaq Composite dropped 0.51%.

    Asian equities too followed the bearish trend from Wall Street to start lower for the day. While Shanghai Composite Index, KOSPI and Straits Times  dropped marginally, more losses were registered in Hang Seng and Taiwan Index, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.16% while Japan's Nikkei dropped 0.25%

     

  • 09:13 IST:  On Wall Street, concerns over the US-China trade deal progress kept investors on edge yesterday. Dow Jones Industrial Average fell 0.41%, followed by the S&P 500 that lost 0.38%, and the Nasdaq Composite dropped 0.51%.

    Asian equities too followed the bearish trend from Wall Street to start lower for the day. While Shanghai Composite Index, KOSPI and Straits Times  dropped marginally, more losses were registered in Hang Seng and Taiwan Index, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.16% while Japan's Nikkei dropped 0.25%

     

  • 09:10 IST

    US-China trade deal hopes dampens

    Fresh tensions between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay the "phase one" deal, highly anticipated by investors. This was fuelled with White House suggesting completion of trade deal could slide into next year. Additionally, December 15 deadline that Trump has set for more extensive tariff rollbacks has made investors cautious.

     

  • 09:10 IST: Fresh tensions between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay the "phase one" deal, highly anticipated by investors. This was fuelled with White House suggesting completion of trade deal could slide into next year. Additionally, December 15 deadline that Trump has set for more extensive tariff rollbacks has made investors cautious.

     

  • 09:02 IST

    Cabinet approves sale of 5 PSUs

    FM Sitharaman on Wednesday said that the Cabinet approved strategic disinvestment of BPCL, Shipping Corporation, Container Corporation, Tehri Hydro Development Corporation, North Eastern Electric Power.

     

  • 09:02 IST: FM Sitharaman on Wednesday said that the Cabinet approved strategic disinvestment of BPCL, Shipping Corporation, Container Corporation, Tehri Hydro Development Corporation, North Eastern Electric Power.

     

  • 09:02 IST

    FII, DII bullish

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned positive with net buying logged at Rs 566 crore from Indian equities and domestic institutional investors (DIIs) logged net buying at Rs 183 crore on Wednesday.

     

  • 09:02 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned positive with net buying logged at Rs 566 crore from Indian equities and domestic institutional investors (DIIs) logged net buying at Rs 183 crore on Wednesday.

     

  • 08:59 IST

    SGX Nifty trades lower

     SGX Nifty, Nifty Futures, traded 12 points lower at 11,999 level, indicating a neagtive start for the domestic equity market on Thursday.

     

  • 08:59 IST:  SGX Nifty, Nifty Futures, traded 12 points lower at 11,999 level, indicating a neagtive start for the domestic equity market on Thursday.

     

  • 08:57 IST

    Last Close

    On Wednesday, benchmark indices erased gains from record high levels today and closed 0.45% higher by the closing bell.

    Sensex closed 181 points higher at 40,651 level and Nifty50 ended the day's trade at 11,999, rising 59 points against its previous close.

    Sun Pharma, Zee Entertainment, IndusInd Bank, Reliance Industries and Dr Reddy's Laboratories were among the top gainers by Wednesday's closing bell, while Bharti Infratel, Indian Oil Corporation, Eicher Motors, NTPC and State Bank of India were among the worst performers in today's trade.

    Read more
     

  • 08:57 IST: On Wednesday, benchmark indices erased gains from record high levels today and closed 0.45% higher by the closing bell.

    Sensex closed 181 points higher at 40,651 level and Nifty50 ended the day's trade at 11,999, rising 59 points against its previous close.

    Sun Pharma, Zee Entertainment, IndusInd Bank, Reliance Industries and Dr Reddy's Laboratories were among the top gainers by Wednesday's closing bell, while Bharti Infratel, Indian Oil Corporation, Eicher Motors, NTPC and State Bank of India were among the worst performers in today's trade.

    Read more
     

  • 08:56 IST

    Market Update

    Share Market Today: Benchmark indices Sensex and Nifty are likely to open lower on account of weak global equities amid US-China trade deal tensions.

  • 08:56 IST: Share Market Today: Benchmark indices Sensex and Nifty are likely to open lower on account of weak global equities amid US-China trade deal tensions.