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Sensex Today: Share market ends in green, Sensex closes 181 points higher; Nifty at 11,999

BusinessToday.In | 20 November 2019

Share Market Today: Benchmark indices erased gains from record high levels today and closed 0.45% higher by the closing bell on Wednesday. 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. Sectorally, all the major sectors closed in the green except financial services, realty and PSU bank indices, that closed in the red territory. 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.

 

 

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  • Share Market Today: Sun Pharma, Zee Entertainment, IndusInd Bank, Reliance Industries and Dr Reddy 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.
  • 15:40 IST

    Closing Bell

    Benchmark indices erased gains from record high levels today and closed 0.45% higher by the closing bell on Wednesday. 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.

    Sectorally, all the major sectors closed in the green except financial services, realty and PSU bank indices, that closed in the red territory.

    Sun Pharma, Zee Entertainment, IndusInd Bank, Reliance Industries and Dr Reddy 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.

  • 15:40 IST: Benchmark indices erased gains from record high levels today and closed 0.45% higher by the closing bell on Wednesday. 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.

    Sectorally, all the major sectors closed in the green except financial services, realty and PSU bank indices, that closed in the red territory.

    Sun Pharma, Zee Entertainment, IndusInd Bank, Reliance Industries and Dr Reddy 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.

  • 15:34 IST

    RIL major performer today

    Reliance Industries share price climbed over 4% in Wednesday's early trade and touched fresh 52-week high of Rs 1,571 on the bourses, inching closer to the Rs 10 lakh crore market-capitalisation level.

    Relaince Jio has revealed plans to increase tariffs as TRAI prepares to launch a consultation process to revise telecom rates.

    "As per media reports, we understand that TRAI is likely to initiate a consultation process for revision of telecom tariffs. Like other operators, we will also work with the government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments," Reliance Jio said in a regulatory filing on Tuesday.

    In a seperate devlopemet, foreign broking house Credit Suisse has raised the target price to Rs 1,400 from Rs 1,210 per share

    Credit Suisse also maintained neutral rating on Reliance Industries. According to the research house, Jio's tariff increase could bring an annual cash flow of more than $1.5 billion, which will help the company achieve zero net debt target by FY21.

    RIL stock closed 2.53% higher at Rs 1548 on the BSE today.

  • 15:34 IST: Reliance Industries share price climbed over 4% in Wednesday's early trade and touched fresh 52-week high of Rs 1,571 on the bourses, inching closer to the Rs 10 lakh crore market-capitalisation level.

    Relaince Jio has revealed plans to increase tariffs as TRAI prepares to launch a consultation process to revise telecom rates.

    "As per media reports, we understand that TRAI is likely to initiate a consultation process for revision of telecom tariffs. Like other operators, we will also work with the government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments," Reliance Jio said in a regulatory filing on Tuesday.

    In a seperate devlopemet, foreign broking house Credit Suisse has raised the target price to Rs 1,400 from Rs 1,210 per share

    Credit Suisse also maintained neutral rating on Reliance Industries. According to the research house, Jio's tariff increase could bring an annual cash flow of more than $1.5 billion, which will help the company achieve zero net debt target by FY21.

    RIL stock closed 2.53% higher at Rs 1548 on the BSE today.

  • 14:30 IST

    Rupee slips to day's low

    Indian Rupee at inter bank forex exchange erased early gains and fell over 10 paise to trade near day's low of 71.81 against the US dollar, amid weakened investors' sentiments over US-China trade deal.

  • 14:30 IST: Indian Rupee at inter bank forex exchange erased early gains and fell over 10 paise to trade near day's low of 71.81 against the US dollar, amid weakened investors' sentiments over US-China trade deal.

  • 14:24 IST

    Market Update

    Share Market Today: In the afternoon session Wednesday, Sensex and Nifty have risen 0.50% each. Sensex has risen 200 points higher to 40,670 and Nifty traded 60 points higher at 11,999 level.

     

  • 14:24 IST: Share Market Today: In the afternoon session Wednesday, Sensex and Nifty have risen 0.50% each. Sensex has risen 200 points higher to 40,670 and Nifty traded 60 points higher at 11,999 level.

     

  • 14:20 IST

    Shree Cement seeks to raise over Rs 2,000 cr via QIP

    Shree Cement shares climbed 4.16% to the day's high of Rs 20,854.75, after the company announced it was at an advanced stage of raising more than Rs 2,000 crore through a qualified institutional placement (QIP) offering.

    The company filing added that it could raise anywhere between Rs 2000- Rs 3000 crore, depending on demand from investors and added that the money from QIP proceeds will be used for capex and debt reduction.

  • 14:20 IST: Shree Cement shares climbed 4.16% to the day's high of Rs 20,854.75, after the company announced it was at an advanced stage of raising more than Rs 2,000 crore through a qualified institutional placement (QIP) offering.

    The company filing added that it could raise anywhere between Rs 2000- Rs 3000 crore, depending on demand from investors and added that the money from QIP proceeds will be used for capex and debt reduction.

  • 14:05 IST

    Market Update: Expert opinion

    Commenting on Wednesday's rally in domestic equity market, Sanjiv Bhasin, Director of IIFL Securities said, "We think new highs just a matter of days. Now, we expect  broader markets to outperform. Markets usually run ahead of macros and price future growth. There are three positive indicators for growth – reduction in corporate tax rate, proposed divestment of large public sector units, and a possible resolution of the US china trade impasse. Therefore, we see growth coming back in 2020."

  • 14:05 IST: Commenting on Wednesday's rally in domestic equity market, Sanjiv Bhasin, Director of IIFL Securities said, "We think new highs just a matter of days. Now, we expect  broader markets to outperform. Markets usually run ahead of macros and price future growth. There are three positive indicators for growth – reduction in corporate tax rate, proposed divestment of large public sector units, and a possible resolution of the US china trade impasse. Therefore, we see growth coming back in 2020."

  • 14:01 IST

    Suzlon Energy rises over 2%

    Suzlon Energy shares rose 2.5% to Rs 2.45 on BSE after the energy firm on Wednesday announced that it is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps.

    In response to a clarification sought by the bourse on a news item, Suzlon Energy said," "The company is continuously working on a resolution plan with the lenders and has also submitted a restructuring plan, which envisages segregating total debt into sustainable debt and unsustainable debt."

    "The proposed restructuring is under consideration by the lenders. The lenders have appointed process advisors, rating agencies and other professionals for conducting techno economic viability study and ratings. The Company is also in discussions with the FCCB holders for settlement of the FCCB borrowing", the filing added.

  • 14:01 IST: Suzlon Energy shares rose 2.5% to Rs 2.45 on BSE after the energy firm on Wednesday announced that it is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps.

    In response to a clarification sought by the bourse on a news item, Suzlon Energy said," "The company is continuously working on a resolution plan with the lenders and has also submitted a restructuring plan, which envisages segregating total debt into sustainable debt and unsustainable debt."

    "The proposed restructuring is under consideration by the lenders. The lenders have appointed process advisors, rating agencies and other professionals for conducting techno economic viability study and ratings. The Company is also in discussions with the FCCB holders for settlement of the FCCB borrowing", the filing added.

  • 13:38 IST

    PSU Bank index declines 0.70%

    PSU Bank shares were trading lower compared to other sectors and fell 0.77% on Wednesday after Finance minister announced that India’s state-run banks reported fraud worth 958 billion rupees ($13.3 billion) from April to end-September of this year.

    Of the reported 5,743 cases of fraud in the period, State Bank of India reported fraud of 254 billion rupees followed by Punjab National Bank of 108 billion rupees and Bank of Baroda of 83 billion rupees.

    “Government has taken comprehensive measures to curb the incidence of fraud in banks,” Nirmala Sitharaman added.

    Shares of SBI were among the top losers in the afternoon trade, falling 1.37% intraday to Rs 330.

    Read more
     

  • 13:38 IST: PSU Bank shares were trading lower compared to other sectors and fell 0.77% on Wednesday after Finance minister announced that India’s state-run banks reported fraud worth 958 billion rupees ($13.3 billion) from April to end-September of this year.

    Of the reported 5,743 cases of fraud in the period, State Bank of India reported fraud of 254 billion rupees followed by Punjab National Bank of 108 billion rupees and Bank of Baroda of 83 billion rupees.

    “Government has taken comprehensive measures to curb the incidence of fraud in banks,” Nirmala Sitharaman added.

    Shares of SBI were among the top losers in the afternoon trade, falling 1.37% intraday to Rs 330.

    Read more
     

  • 13:26 IST

    Gainers and Losers

    Share Market Today:  Top gainers of the afternoon session on Wednesday were Zee Entaretainment, Sun Pharma, IndusInd Bank, Dr Reddy Labs and Reliance Industries. On the other hand, top losers were Bharti Infratel, Indian Oil Corporation, Eicher Motors, NTPC and SBI.

     

  • 13:26 IST: Share Market Today:  Top gainers of the afternoon session on Wednesday were Zee Entaretainment, Sun Pharma, IndusInd Bank, Dr Reddy Labs and Reliance Industries. On the other hand, top losers were Bharti Infratel, Indian Oil Corporation, Eicher Motors, NTPC and SBI.

     

  • 13:21 IST

    HPCL climbs over 4% on getting strategic disinvestment approval by Centre


    Share price of Hindustan Petroleum Corporation Ltd (HPCL) climbed 4.2% to touch an intraday high of Rs 302.6 on BSE today. The Centre has given ‘in-principle’ approval for strategic disinvestment of 28 central public sector enterprises (CPSEs) that included Hindustan Petroleum Corporation Limited, among others.

    Other companies that received the government's approval for disinvestment are National Project construction corporation, Rural Electrification Corporation Limited, Cement Corporation of India, Project & Development India, Pawan Hans Ltd, Bharat Pumps & Compressors, Hindustan Fluorocarbon Ltd, Air India and its five subsidiaries and one JV and others.

    "There is no approval yet of the CCEA with regard to strategic disinvestment of Bharat Petroleum Corporation Limited (BPCL), Container Corporation and Shipping Corporation of India," Ministry of Finance said in the press filing released yesterday.

  • 13:21 IST:
    Share price of Hindustan Petroleum Corporation Ltd (HPCL) climbed 4.2% to touch an intraday high of Rs 302.6 on BSE today. The Centre has given ‘in-principle’ approval for strategic disinvestment of 28 central public sector enterprises (CPSEs) that included Hindustan Petroleum Corporation Limited, among others.

    Other companies that received the government's approval for disinvestment are National Project construction corporation, Rural Electrification Corporation Limited, Cement Corporation of India, Project & Development India, Pawan Hans Ltd, Bharat Pumps & Compressors, Hindustan Fluorocarbon Ltd, Air India and its five subsidiaries and one JV and others.

    "There is no approval yet of the CCEA with regard to strategic disinvestment of Bharat Petroleum Corporation Limited (BPCL), Container Corporation and Shipping Corporation of India," Ministry of Finance said in the press filing released yesterday.

  • 12:58 IST

    DHFL may be sent to bankruptcy court


    Share price of Dewan Housing Finance Corp Ltd (DHFL) fell on Wednesday's trade after media reports suggested that the Reserve Bank of India (RBI) may send the debt-ridden HFC to National Company Law Tribunal (NCLT) for insolvency proceedings.

    This could make DHFL the first non-banking finance company (NBFC) to be sent to the bankruptcy court. DHFL currently owes Rs 38,000 crore to banks alone.

    Following the news, DHFL share fell 4.7% with the opening bell to Rs 19.95 on BSE, against the previous closing value of Rs 20.95.

    As per the changes to the Insolvency and Bankruptcy Code (IBC) released by Corporate Affairs Ministry on November 18, the apex bank RBI can move resolution of NBFCs with assets of at least Rs 500 crore or more to bankruptcy court for proceedings, under Section 227 of IBC.

    In September, DHFL had proposed a resolution plan where lenders would be given a 51% stake in the company after converting debt to equity.

     

  • 12:58 IST:
    Share price of Dewan Housing Finance Corp Ltd (DHFL) fell on Wednesday's trade after media reports suggested that the Reserve Bank of India (RBI) may send the debt-ridden HFC to National Company Law Tribunal (NCLT) for insolvency proceedings.

    This could make DHFL the first non-banking finance company (NBFC) to be sent to the bankruptcy court. DHFL currently owes Rs 38,000 crore to banks alone.

    Following the news, DHFL share fell 4.7% with the opening bell to Rs 19.95 on BSE, against the previous closing value of Rs 20.95.

    As per the changes to the Insolvency and Bankruptcy Code (IBC) released by Corporate Affairs Ministry on November 18, the apex bank RBI can move resolution of NBFCs with assets of at least Rs 500 crore or more to bankruptcy court for proceedings, under Section 227 of IBC.

    In September, DHFL had proposed a resolution plan where lenders would be given a 51% stake in the company after converting debt to equity.

     

  • 12:51 IST

    RIL nears 10-lakh cr M-cap mark

    Currently, market-cap of RIL stood at 9.91 lakh crore, few trades away from the 10-lakh crore mark.

    RIL shares gained to hit new highs for the second straight session and brought market capitalisation of the Mukesh Ambani-led conglomerate closer to Rs 10 lakh crore mark, a first for any Indian company.

    RIL overtook British energy giant BP Plc yesterday to break into an elite club of energy super majors. RIL market capitalisation was about $133 billion on Tuesday compared to the BP Plc's $132 billion value.

    Read more

     

  • 12:51 IST: Currently, market-cap of RIL stood at 9.91 lakh crore, few trades away from the 10-lakh crore mark.

    RIL shares gained to hit new highs for the second straight session and brought market capitalisation of the Mukesh Ambani-led conglomerate closer to Rs 10 lakh crore mark, a first for any Indian company.

    RIL overtook British energy giant BP Plc yesterday to break into an elite club of energy super majors. RIL market capitalisation was about $133 billion on Tuesday compared to the BP Plc's $132 billion value.

    Read more

     

  • 12:35 IST

    Oil prices slips for third straight day

    Oil prices slipped for the third straight day on the back of a surge in US stockpiles, coupled with US-China trade war tensions among investors. Brent crude futures eased to $60.86 a barrel while US crude recouped a slight 8 cents to $55.29.

     

  • 12:35 IST: Oil prices slipped for the third straight day on the back of a surge in US stockpiles, coupled with US-China trade war tensions among investors. Brent crude futures eased to $60.86 a barrel while US crude recouped a slight 8 cents to $55.29.

     

  • 12:31 IST

    Jet Airways' bidder Synergy gets extension till Dec 16



    Jet Airways share price climbed 3.78% on Wednesday after media reports suggested that Committee of Creditors of the lender may allow Synergy Group, the sole potential bidder for Jet Airways, an extension of four weeks time to submit bid for Jet Airways.

    The proposal was reportedly discussed at a CoC meeting on Tuesday, November 19 and will be put to vote for a formal approval during the week.

    Synergy Group, that was given deadline by CoC till November 15 to submit bid, had earlier requested for an extension of the deadline by three or four weeks.

  • 12:31 IST:

    Jet Airways share price climbed 3.78% on Wednesday after media reports suggested that Committee of Creditors of the lender may allow Synergy Group, the sole potential bidder for Jet Airways, an extension of four weeks time to submit bid for Jet Airways.

    The proposal was reportedly discussed at a CoC meeting on Tuesday, November 19 and will be put to vote for a formal approval during the week.

    Synergy Group, that was given deadline by CoC till November 15 to submit bid, had earlier requested for an extension of the deadline by three or four weeks.

  • 11:37 IST

    Rupee trades lower

    On the currency front, the rupee depreciated 7 paise against the US dollar to trade at 71.79 in early session, as US-China trade deal concerns, sustained foreign fund outflows and strengthening of the American currency overseas dragged down the local unit.

    Read more
     

  • 11:37 IST: On the currency front, the rupee depreciated 7 paise against the US dollar to trade at 71.79 in early session, as US-China trade deal concerns, sustained foreign fund outflows and strengthening of the American currency overseas dragged down the local unit.

    Read more
     

  • 11:33 IST

    FII remain bearish, DII stays bullish

    Foreign institutional investors offloaded shares worth Rs 915.37 crore in the capital market in the previous session, while domestic institutional investors purchased equities worth Rs 262.35 crore, data available with stock exchange showed.

  • 11:33 IST: Foreign institutional investors offloaded shares worth Rs 915.37 crore in the capital market in the previous session, while domestic institutional investors purchased equities worth Rs 262.35 crore, data available with stock exchange showed.

  • 11:32 IST

    IRCTC gains 1.6%

    IRCTC shares have gained 1.6% in the early trade to the day's high of Rs 916.90, compared to the last closing price of Rs 902.25 on the BSE.

    Indian Railway Catering & Tourism Corporation Limited (IRCTC) on Wednesday announced in a regulatory filing that a concession agreement has been signed between the company and Karnataka State Tourism Development Corporation Limited (KSTDC) on 19th November, 2019 for taking over the operations, marketing and day to day maintenance of Golden Chariot Train.

  • 11:32 IST: IRCTC shares have gained 1.6% in the early trade to the day's high of Rs 916.90, compared to the last closing price of Rs 902.25 on the BSE.

    Indian Railway Catering & Tourism Corporation Limited (IRCTC) on Wednesday announced in a regulatory filing that a concession agreement has been signed between the company and Karnataka State Tourism Development Corporation Limited (KSTDC) on 19th November, 2019 for taking over the operations, marketing and day to day maintenance of Golden Chariot Train.

  • 11:27 IST

    US-China trade deal sentiments

    Globally, market traders are awaiting intensely for signs of progress in the two economic superpowers. Investors turned bearish after President Donald Trump warned that failure to get a trade deal with China will prompt more tariffs on Tuesday.

    "If we don't make a deal with China, I'll just raise the tariffs even higher," President Donald Trump told reporters at the White House.

  • 11:27 IST: Globally, market traders are awaiting intensely for signs of progress in the two economic superpowers. Investors turned bearish after President Donald Trump warned that failure to get a trade deal with China will prompt more tariffs on Tuesday.

    "If we don't make a deal with China, I'll just raise the tariffs even higher," President Donald Trump told reporters at the White House.

  • 11:21 IST

    Market Update



    On Wednesday, market breadth was positive with 1077 stocks rising compared to 958 falling on BSE. While top Sensex gainers were Reliance  Industries, IndusInd  Bank, Sun Pharma, Bharti Airtel and Asian Paints rising up to 4%, Bajaj Auto, SBI and NTPC were top Sensex losers in Wednesday's early morning trade, falling up to 0.80%.

     

  • 11:21 IST:

    On Wednesday, market breadth was positive with 1077 stocks rising compared to 958 falling on BSE. While top Sensex gainers were Reliance  Industries, IndusInd  Bank, Sun Pharma, Bharti Airtel and Asian Paints rising up to 4%, Bajaj Auto, SBI and NTPC were top Sensex losers in Wednesday's early morning trade, falling up to 0.80%.

     

  • 11:17 IST

    Sector Update

    On the sectoral front, except IT, realty and PSU banking scrips, all the other sectors today trade in the green, with 2% advance in media and pharma stocks and over 0.50% rise in FMCG,  metal and private banking scrips.

  • 11:17 IST: On the sectoral front, except IT, realty and PSU banking scrips, all the other sectors today trade in the green, with 2% advance in media and pharma stocks and over 0.50% rise in FMCG,  metal and private banking scrips.

  • 11:02 IST

    Market Update: Sensex hits fresh 52-week high, Nifty up 64 points intraday

    Share Market Today: Benchmark indices are trading at record high levels on Wednesday, with Sensex and Nifty rising 0.75% each, backed by heavy buying pressure in pharma and media stocks. Sensex has risen 330 points at 40,805 with the opening bell and Nifty traded 94 points higher at 12,034 level.

    Sensex has surged to a fresh record high of 40,816.38, while Nifty has made an intraday high of 12,038.55, trading mere 64 points away from the earlier 52-week high registered at 12,103.05.

  • 11:02 IST: Share Market Today: Benchmark indices are trading at record high levels on Wednesday, with Sensex and Nifty rising 0.75% each, backed by heavy buying pressure in pharma and media stocks. Sensex has risen 330 points at 40,805 with the opening bell and Nifty traded 94 points higher at 12,034 level.

    Sensex has surged to a fresh record high of 40,816.38, while Nifty has made an intraday high of 12,038.55, trading mere 64 points away from the earlier 52-week high registered at 12,103.05.

  • 10:50 IST

    Allahabad bank shares rise

    Allahabad Bank rose 1.93% in Wednesday's early trade after the lender announced the receipt of communication from the government regarding in-principle approval of Alternate Mechanism (AM) to proposed amalgamation of Allahabad Bank into Indian Bank.

     

  • 10:50 IST: Allahabad Bank rose 1.93% in Wednesday's early trade after the lender announced the receipt of communication from the government regarding in-principle approval of Alternate Mechanism (AM) to proposed amalgamation of Allahabad Bank into Indian Bank.

     

  • 10:45 IST

    NBCC shares rise in early trade

    NBCC shares rose 2.55% intraday to Rs 37.85 on the BSE in Wednesday's early trade after the state-owned company said that it has bagged a Rs 500 cr project from the environment ministry to develop National Museum of Natural History in Delhi.

     

  • 10:45 IST: NBCC shares rose 2.55% intraday to Rs 37.85 on the BSE in Wednesday's early trade after the state-owned company said that it has bagged a Rs 500 cr project from the environment ministry to develop National Museum of Natural History in Delhi.

     

  • 10:40 IST

    Vodafone Idea stock rises for fourth consecutive session


    Vodafone Idea stock on Wednesday continued its gaining streak in the fourth straight session on hope of receiving a revival package from the government after Q2 loss and announcement of hike in tariff from December 1.

    Vodafone Idea share gained 31.72% to  hit a high of Rs 7.93 on BSE. Earlier, Vodafone Idea share price opened with a gain of 9.97% at Rs 6.62 today compared to the previous close of Rs 6.02 on BSE.

    Read more

     

  • 10:40 IST:
    Vodafone Idea stock on Wednesday continued its gaining streak in the fourth straight session on hope of receiving a revival package from the government after Q2 loss and announcement of hike in tariff from December 1.

    Vodafone Idea share gained 31.72% to  hit a high of Rs 7.93 on BSE. Earlier, Vodafone Idea share price opened with a gain of 9.97% at Rs 6.62 today compared to the previous close of Rs 6.02 on BSE.

    Read more

     

  • 10:37 IST

    RIL hits fresh 52-week high


    Share price of Reliance Industries rose 4.05% in the early trade on Wednesday and touched a fresh 52-week as well as intraday high of Rs 1,571 apiece, against the last closing value of Rs 1,509.80 on the BSE. Profit booking is seen on the stock today, with 72% sellers offering and 28% bidders buying the stock at current price, market depth data on BSE suggests.

    Mukesh Ambani-led telecom operator has revealed plans to increase tariffs as TRAI prepares to launch a consultation process to revise telecom rates.

    This was on back of announcements from rivals Vodafone Idea and Bharti Airtel, where they said they will hike tariffs from December 1. The tariff hikes are expected to help increase revenues, augment ARPUs and fund investments in 4G and 5G infrastructure.

    In a separate development, Reliance Jio continued its dominance over its rivals, adding 69.83 lakh mobile subscribers in September this year to take its subscriber base to 35.52 crore.

    Read more

     

  • 10:37 IST:
    Share price of Reliance Industries rose 4.05% in the early trade on Wednesday and touched a fresh 52-week as well as intraday high of Rs 1,571 apiece, against the last closing value of Rs 1,509.80 on the BSE. Profit booking is seen on the stock today, with 72% sellers offering and 28% bidders buying the stock at current price, market depth data on BSE suggests.

    Mukesh Ambani-led telecom operator has revealed plans to increase tariffs as TRAI prepares to launch a consultation process to revise telecom rates.

    This was on back of announcements from rivals Vodafone Idea and Bharti Airtel, where they said they will hike tariffs from December 1. The tariff hikes are expected to help increase revenues, augment ARPUs and fund investments in 4G and 5G infrastructure.

    In a separate development, Reliance Jio continued its dominance over its rivals, adding 69.83 lakh mobile subscribers in September this year to take its subscriber base to 35.52 crore.

    Read more

     

  • 10:33 IST

    Siemens share price falls 2.3% post Q2 result

    Siemens share price fell 2.3% to the intraday low of Rs 1,543.3 in the early trade today, despite recoding reasonable growth in sales and profits in July-September quarter.

    The engineering major registered 21.6% yearly increase in profit after tax (PAT) to Rs. 1,087 crore and registered 8.4% yearly increase in revenue to Rs 13,323 crore for the  September quarter.

    "Our digitalization initiatives continue to gain traction across all market verticals and we are experiencing increased interest by customers in our integrated digital solutions," said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.

    Read more

  • 10:33 IST: Siemens share price fell 2.3% to the intraday low of Rs 1,543.3 in the early trade today, despite recoding reasonable growth in sales and profits in July-September quarter.

    The engineering major registered 21.6% yearly increase in profit after tax (PAT) to Rs. 1,087 crore and registered 8.4% yearly increase in revenue to Rs 13,323 crore for the  September quarter.

    "Our digitalization initiatives continue to gain traction across all market verticals and we are experiencing increased interest by customers in our integrated digital solutions," said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.

    Read more

  • 09:58 IST

    YES Bank shares decline over 3% on reporting NPA divergence



    YES Bank shares price fell on Wednesday as the lender reported a lower net profit of Rs 1,084.03 crore for 2018-19 compared to Rs 1,720.28 crore announced earlier due to higher non-performing assets assessed by the Reserve Bank.

    The divergence in net NPAs stood at Rs 2,299 crore for 2018-19. This was 51% of the net NPAs reported by the bank. Additionally, the bank also reported divergence in provisioning at Rs 978 crore as on March 2019.

    YES Bank shares made a day's low at Rs 62, falling 3.35% against the previous closing value of Rs 64.15.

    Read more

  • 09:58 IST:

    YES Bank shares price fell on Wednesday as the lender reported a lower net profit of Rs 1,084.03 crore for 2018-19 compared to Rs 1,720.28 crore announced earlier due to higher non-performing assets assessed by the Reserve Bank.

    The divergence in net NPAs stood at Rs 2,299 crore for 2018-19. This was 51% of the net NPAs reported by the bank. Additionally, the bank also reported divergence in provisioning at Rs 978 crore as on March 2019.

    YES Bank shares made a day's low at Rs 62, falling 3.35% against the previous closing value of Rs 64.15.

    Read more

  • 09:43 IST

    Market opens majorly bullish

    Benchmark indices started the day's trade majorly positive on Wednesday, with Sensex rising 200 points at 40,700 and Nifty trading 41 points higher at 11,981 level.

  • 09:43 IST: Benchmark indices started the day's trade majorly positive on Wednesday, with Sensex rising 200 points at 40,700 and Nifty trading 41 points higher at 11,981 level.

  • 09:15 IST

    TRAI Data, Jio continues to dominant other telecoms


    The Telecom Regulatory Authority of India (TRAI) data showed that Reliance Jio continued its dominance over its rivals, adding 69.83 lakh mobile subscribers in September this year to take its subscriber base to 35.52 crore.

    While Vodafone Idea lost 25.7 lakh subscribers during the month, bringing down its total user base to 37.24 crore.

    Bharti Airtel recorded 23.8 lakh customers exiting its network, bringing down its total user base to 32.55 crore, TRAI data showed.

    Read more

  • 09:15 IST:
    The Telecom Regulatory Authority of India (TRAI) data showed that Reliance Jio continued its dominance over its rivals, adding 69.83 lakh mobile subscribers in September this year to take its subscriber base to 35.52 crore.

    While Vodafone Idea lost 25.7 lakh subscribers during the month, bringing down its total user base to 37.24 crore.

    Bharti Airtel recorded 23.8 lakh customers exiting its network, bringing down its total user base to 32.55 crore, TRAI data showed.

    Read more

  • 09:12 IST

    Market at pre-open

    In the pre-open session of Wednesday, benchmark indices started the day's trade marginally negative, although turned positive in early few minutes of trade. Sensex traded 260 points higher at 40,729 and Nifty traded 64 points higher at 12,004 level.

     

  • 09:12 IST: In the pre-open session of Wednesday, benchmark indices started the day's trade marginally negative, although turned positive in early few minutes of trade. Sensex traded 260 points higher at 40,729 and Nifty traded 64 points higher at 12,004 level.

     

  • 09:02 IST

    SGX Nifty trades lower

    On the Singapore Exchange, SGX Nifty, the Nifty Futures, traded 27 points down at 11,954 level, indicating a negative opening in the broader Indian market.

  • 09:02 IST: On the Singapore Exchange, SGX Nifty, the Nifty Futures, traded 27 points down at 11,954 level, indicating a negative opening in the broader Indian market.

  • 09:00 IST

    Global equities trade in red


    Globally, indices traded lower on Wednesday early morning as investors turned cautious due to lack of optimism on Sino-US trade talks. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.25%, similar to KOSPI, Nikkie, Shanghai Index, that traded lower.

    On Wall Street,the Dow Jones ended down 0.36% on Tuesday, followed by the S&P 500 losing 0.06%, while the Nasdaq added 0.24%.

  • 09:00 IST:
    Globally, indices traded lower on Wednesday early morning as investors turned cautious due to lack of optimism on Sino-US trade talks. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.25%, similar to KOSPI, Nikkie, Shanghai Index, that traded lower.

    On Wall Street,the Dow Jones ended down 0.36% on Tuesday, followed by the S&P 500 losing 0.06%, while the Nasdaq added 0.24%.

  • 08:56 IST

    RBI imposes penalty on Bandhan Bank

    RBI has imposed a penalty of Rs 2.50 crore for non-compliance on Bandhan Bank.

    "RBI has imposed a penalty aggregating to Rs 2.50 crore (Rupees two crore fifty lakh only) on  the Bank for non-compliance with the directions in various accounts of Srijan Mahila Vikas Sahyog Samiti Ltd. at Bhagalpur Branch," company said in a regulatory filing.

  • 08:56 IST: RBI has imposed a penalty of Rs 2.50 crore for non-compliance on Bandhan Bank.

    "RBI has imposed a penalty aggregating to Rs 2.50 crore (Rupees two crore fifty lakh only) on  the Bank for non-compliance with the directions in various accounts of Srijan Mahila Vikas Sahyog Samiti Ltd. at Bhagalpur Branch," company said in a regulatory filing.

  • 08:52 IST

    Last Close

    On Tuesday, benchmark indices Sensex and Nifty held early gains to end 0.46% higher each by the closing bell. At closing session, Sensex traded 185 points higher at 40,469 and Nifty ended the day's trade at 11,940 level, rising 55 points against its earlier close. While auto, FMCG, metal and media closed in the red in Tuesday's trade, banking, IT, pharma and realty indices closed in the green. The top performers included Bharti Infratel, Bharti Airtel, Grasim, Tech Mahindra and Cipla, whereas worst performers on Tuesday's trade were Zee Entertainment, UPL, Vedanta, GAIL and Hindalco Industries.

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  • 08:52 IST: On Tuesday, benchmark indices Sensex and Nifty held early gains to end 0.46% higher each by the closing bell. At closing session, Sensex traded 185 points higher at 40,469 and Nifty ended the day's trade at 11,940 level, rising 55 points against its earlier close. While auto, FMCG, metal and media closed in the red in Tuesday's trade, banking, IT, pharma and realty indices closed in the green. The top performers included Bharti Infratel, Bharti Airtel, Grasim, Tech Mahindra and Cipla, whereas worst performers on Tuesday's trade were Zee Entertainment, UPL, Vedanta, GAIL and Hindalco Industries.

    Read more