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Sensex Today: Share market ends in green, Sensex closes 185 points higher; Nifty at 11,940

BusinessToday.In | 19 November 2019

Share Market Today: Benchmark indices Sensex and Nifty held early gains on Tuesday 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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  • Share Market Today: On the sectoral front, strength in banking, IT, pharma and realty indices helped the broader indices rise further, whereas weakness in auto, FMCG, media and metal indices capped gains and dragged broader indices further down.
  • 16:04 IST

    Closing Bell

    Benchmark indices Sensex and Nifty held early gains on Tuesday 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.

     

  • 16:04 IST: Benchmark indices Sensex and Nifty held early gains on Tuesday 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.

     

  • 16:02 IST

    Bandhan Bank shares decline over 4%


    Shares of Bandhan Bank declined 4.36% to hit an intraday low of Rs 534 on the BSE, after media reported that women protesters in Assam were seeking a ban on microfinance companies.

    As per media reports from the northeast, an organisation under the banner of Jagrata Mahila Suraksha Samajstaged a protest against microfinance companies namely Bandhan Bank, Ujjiwan, Janlakshmi, RGVN among others. The Samaj alleged that these companies had ruined the rural economy and demanded that they should be banned from operating in Assam.
     

  • 16:02 IST:
    Shares of Bandhan Bank declined 4.36% to hit an intraday low of Rs 534 on the BSE, after media reported that women protesters in Assam were seeking a ban on microfinance companies.

    As per media reports from the northeast, an organisation under the banner of Jagrata Mahila Suraksha Samajstaged a protest against microfinance companies namely Bandhan Bank, Ujjiwan, Janlakshmi, RGVN among others. The Samaj alleged that these companies had ruined the rural economy and demanded that they should be banned from operating in Assam.
     

  • 14:44 IST

    IDBI Bank shares rise over 4%

    Shares of private sector IDBI Bank rose 4.72% to Rs 34.4 on the BSE after media reports suggested that the lender plans to sell IDBI Asset Management, also referred to as IDBI Mutual Fund, to Muthoot Finance.

    The lender that is burdened with bad loans seeks to sell non-core assets to recover dues. IDBI Bank currently owns 66.67% stake in IDBI Asset Management with IDBI Capital Markets and Securities holding a 33.33% stake, as of 31 March 2019.

  • 14:44 IST: Shares of private sector IDBI Bank rose 4.72% to Rs 34.4 on the BSE after media reports suggested that the lender plans to sell IDBI Asset Management, also referred to as IDBI Mutual Fund, to Muthoot Finance.

    The lender that is burdened with bad loans seeks to sell non-core assets to recover dues. IDBI Bank currently owns 66.67% stake in IDBI Asset Management with IDBI Capital Markets and Securities holding a 33.33% stake, as of 31 March 2019.

  • 14:13 IST

    PNB, United bank and OBC shares rise

    Shares of Punjab National Bank has risen 3.2% intra-day to Rs 64.40 on BSE today. The lender announced that its Board of Directors has given its "In-principle approval" for amalgamation of the Oriental Bank of Commerce and United Bank of India into Punjab National Bank and commence the amalgamation process for the same.

    The filing said," the Bank has received a letter from Department of Financial Services, Ministry of Finance vide which bank has been advised that Alternative Mechanism (AM), has accorded in-principle approval to proposed amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank with Punjab National Bank as the transferee bank and Oriental Bank of Commerce and United Bank of India as transferor bank(s)."

  • 14:13 IST: Shares of Punjab National Bank has risen 3.2% intra-day to Rs 64.40 on BSE today. The lender announced that its Board of Directors has given its "In-principle approval" for amalgamation of the Oriental Bank of Commerce and United Bank of India into Punjab National Bank and commence the amalgamation process for the same.

    The filing said," the Bank has received a letter from Department of Financial Services, Ministry of Finance vide which bank has been advised that Alternative Mechanism (AM), has accorded in-principle approval to proposed amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank with Punjab National Bank as the transferee bank and Oriental Bank of Commerce and United Bank of India as transferor bank(s)."

  • 14:00 IST

    Future Retail shares decline nearly 2%

    Shares of Future Retail fell nearly 2% after brokerage firm Morgan Stanley slashed its target price to Rs 540 from Rs 660 per share while maintaining an 'overweight' call on the stock. Brokerage said that a sharp rise in debt is a key negative, despite reporting Q2 figures in-line with estimates.

  • 14:00 IST: Shares of Future Retail fell nearly 2% after brokerage firm Morgan Stanley slashed its target price to Rs 540 from Rs 660 per share while maintaining an 'overweight' call on the stock. Brokerage said that a sharp rise in debt is a key negative, despite reporting Q2 figures in-line with estimates.

  • 13:38 IST

    Global Market Update

    Elsewhere in Asia, stocks traded mixed on Tuesday as investors awaited signs of progress in US-China trade deal negotiations. While Nikkei Index declined half percent, China and Hong Kong Index gained 1% each.

  • 13:38 IST: Elsewhere in Asia, stocks traded mixed on Tuesday as investors awaited signs of progress in US-China trade deal negotiations. While Nikkei Index declined half percent, China and Hong Kong Index gained 1% each.

  • 13:26 IST

    Vodafone Idea shares gain over 96% in last 3 days

    The share price of Vodafone Idea has risen over 96% in last three days, as hopes of receiving a revival package from the government after Q2 loss and announcement of hike in tariff from December 1 led to upbeat sentiment around the stock in last three sessions.

    Vodafone Idea share price that stood at Rs 2.95 on November 14, 2009 has risen to Rs 5.80 today

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  • 13:26 IST: The share price of Vodafone Idea has risen over 96% in last three days, as hopes of receiving a revival package from the government after Q2 loss and announcement of hike in tariff from December 1 led to upbeat sentiment around the stock in last three sessions.

    Vodafone Idea share price that stood at Rs 2.95 on November 14, 2009 has risen to Rs 5.80 today

    Read more

  • 12:43 IST

    SBI Life Insurance share price falls over 6%



    SBI Life Insurance share price opened 4.18% at Rs 957.80 and later fell 6.46% to Rs 935 compared to the previous close of Rs 999.55, after big block deals took place in morning session on BSE.

    The Economic Times reported earlier that Private equity firm Carlyle Group, which had 95 equity stake in SBI Life Insurance in March, was planning to sell 3% or 3 crore shares, of the insurance firm through a block deal route today.

    Around 3.3 crore shares of SBI Life Insurance (representing 3.4% of the total paid-up equity) were transacted in several block deals on BSE and NSE.

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  • 12:43 IST:

    SBI Life Insurance share price opened 4.18% at Rs 957.80 and later fell 6.46% to Rs 935 compared to the previous close of Rs 999.55, after big block deals took place in morning session on BSE.

    The Economic Times reported earlier that Private equity firm Carlyle Group, which had 95 equity stake in SBI Life Insurance in March, was planning to sell 3% or 3 crore shares, of the insurance firm through a block deal route today.

    Around 3.3 crore shares of SBI Life Insurance (representing 3.4% of the total paid-up equity) were transacted in several block deals on BSE and NSE.

    Read more

  • 12:32 IST

    Prestige Estate Projects share rises over 4%

    Prestige Estate Projects opened with a gain of 4.74% today and touched an intraday high of Rs 304 on the BSE. The company has announced today that it has acquired 28.99% equity stake in DB (BKC) Realtors Private Limited.

    "Prestige Falcon Realty Ventures Private Limited ("PFRVPL"), wholly owned subsidiary of Prestige Estates Projects Limited, has acquired 1,32,854 equity shares representing 28.99% (without considering other convertible instruments in the entity) of the equity share capital of DB (BKC) Realtors Private Limited from Trinity Capital (Ten) Limited as per the terms and conditions agreed," the company said in its BSE filing.

  • 12:32 IST: Prestige Estate Projects opened with a gain of 4.74% today and touched an intraday high of Rs 304 on the BSE. The company has announced today that it has acquired 28.99% equity stake in DB (BKC) Realtors Private Limited.

    "Prestige Falcon Realty Ventures Private Limited ("PFRVPL"), wholly owned subsidiary of Prestige Estates Projects Limited, has acquired 1,32,854 equity shares representing 28.99% (without considering other convertible instruments in the entity) of the equity share capital of DB (BKC) Realtors Private Limited from Trinity Capital (Ten) Limited as per the terms and conditions agreed," the company said in its BSE filing.

  • 12:24 IST

    Reliance Industries hits 52-week high




    Conglomerate Reliance Industries, has hit a 52-week high of Rs 1,496.70 on both the bourses toady. Later the shares gained and hit another fresh 52-week high of Rs 1,498. Earlier the stock's 52-week high was recorded at Rs 1489.5 on both the bourses.

    Reliance Jio Infocomm Limited, the wholly owned subsidiary of Reliance Industries, has not announced any rise in tariffs compared to its competitors Vodafone Idea and Bharti Airtel. The latter telecom operators hiked tariffs from December 1 on both pre and post-paid subscriptions.

    If Reliance Jio does not raise tariffs, it will attract more subscribers, although, if it jumps on the bandwagon, it will still benefit with increased income, stated market report by HDFC securities.

    Additionally, market capitalization of Reliance Industries crossed Rs 9.5 lakh crore in today's trade. RIL's valuation on Friday jumped Rs 15,182.29 crore to Rs 9.31 lakh crore.

    Read more
     

  • 12:24 IST:


    Conglomerate Reliance Industries, has hit a 52-week high of Rs 1,496.70 on both the bourses toady. Later the shares gained and hit another fresh 52-week high of Rs 1,498. Earlier the stock's 52-week high was recorded at Rs 1489.5 on both the bourses.

    Reliance Jio Infocomm Limited, the wholly owned subsidiary of Reliance Industries, has not announced any rise in tariffs compared to its competitors Vodafone Idea and Bharti Airtel. The latter telecom operators hiked tariffs from December 1 on both pre and post-paid subscriptions.

    If Reliance Jio does not raise tariffs, it will attract more subscribers, although, if it jumps on the bandwagon, it will still benefit with increased income, stated market report by HDFC securities.

    Additionally, market capitalization of Reliance Industries crossed Rs 9.5 lakh crore in today's trade. RIL's valuation on Friday jumped Rs 15,182.29 crore to Rs 9.31 lakh crore.

    Read more
     

  • 12:09 IST

    Sector Update

    On the sectoral front, while banking, pharma, IT and financial indices were trading bullish, auto, FMCG, media, metal and realty indices traded bearish by Tuesday's afternoon trade.

  • 12:09 IST: On the sectoral front, while banking, pharma, IT and financial indices were trading bullish, auto, FMCG, media, metal and realty indices traded bearish by Tuesday's afternoon trade.

  • 12:05 IST

    Cadila rises over 2%

     Cadila Healthcare rose 2.1% intraday to Rs 246.55 against the previous closing price of Rs 241.35.  

    Zydus Cadila on Monday announced its second Phase 3 trial of Desidustat drug, an Investigational New Drug (IND) targeted at treating anemia in dialysis dependent CKD patients. The filing added that the company will recruit 392 dialysis dependent chronic kidney disease (CKD) patients with anemia.

    On the development, Pankaj R. Patel, Chairman, Zydus Group said, “ Based on the positive proof of concept established in the Phase 2 clinical trials, we are committed to developing this novel drug."

  • 12:05 IST:  Cadila Healthcare rose 2.1% intraday to Rs 246.55 against the previous closing price of Rs 241.35.  

    Zydus Cadila on Monday announced its second Phase 3 trial of Desidustat drug, an Investigational New Drug (IND) targeted at treating anemia in dialysis dependent CKD patients. The filing added that the company will recruit 392 dialysis dependent chronic kidney disease (CKD) patients with anemia.

    On the development, Pankaj R. Patel, Chairman, Zydus Group said, “ Based on the positive proof of concept established in the Phase 2 clinical trials, we are committed to developing this novel drug."

  • 11:59 IST

    Market update

    Share Market Today:Benchmark indices rose further in Tuesday's trade with Sensex and Nifty rising up to 0.40% each. Sensex currently trades 170 points higher at 40,450 against the last closing value of 40,284.19 and Nifty trades 47 points higher at 11,932 against the previous closing value of 11,894.

  • 11:59 IST: Share Market Today:Benchmark indices rose further in Tuesday's trade with Sensex and Nifty rising up to 0.40% each. Sensex currently trades 170 points higher at 40,450 against the last closing value of 40,284.19 and Nifty trades 47 points higher at 11,932 against the previous closing value of 11,894.

  • 11:12 IST

    Rupee trades lower

     On the currency front, rupee opened lower at 71.91 against the dollar compared to yesterday's close of 71.84, backed by rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows. Later the domestic unit depreciated 10 paise (intra-day) against the US dollar to trade at 71.94 in early session.

    Read more

  • 11:12 IST:  On the currency front, rupee opened lower at 71.91 against the dollar compared to yesterday's close of 71.84, backed by rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows. Later the domestic unit depreciated 10 paise (intra-day) against the US dollar to trade at 71.94 in early session.

    Read more

  • 11:08 IST

    Share market rises further

    Share Market Today: Tracking gains from index-heavyweights like RIL, Bharti Airtel, HDFC Bank, Axis Bank and Infosys, benchmark indices rose further in Tuesday's trade with Sensex and Nifty rising up to 0.25% each. Sensex currently trades 150 points higher at 40,409 against the last closing value of 40,284.19 and Nifty trades 28 points higher at 11,912 against the previous closing value of 11,894.

  • 11:08 IST: Share Market Today: Tracking gains from index-heavyweights like RIL, Bharti Airtel, HDFC Bank, Axis Bank and Infosys, benchmark indices rose further in Tuesday's trade with Sensex and Nifty rising up to 0.25% each. Sensex currently trades 150 points higher at 40,409 against the last closing value of 40,284.19 and Nifty trades 28 points higher at 11,912 against the previous closing value of 11,894.

  • 11:02 IST

    Sensex pack gainers/losers

    Top gainers in the Sensex pack included Bharti Airtel, Tech Mahindra, RIL, Axis Bank, PowerGrid, Infosys, Yes Bank and HDFC Bank, that were rising up to 5% each. On the other hand, Vedanta, HUL, Hero MotoCorp, M&M, TCS, ONGC and Tata Steel were among the worst performers and fell up to 2%.

  • 11:02 IST: Top gainers in the Sensex pack included Bharti Airtel, Tech Mahindra, RIL, Axis Bank, PowerGrid, Infosys, Yes Bank and HDFC Bank, that were rising up to 5% each. On the other hand, Vedanta, HUL, Hero MotoCorp, M&M, TCS, ONGC and Tata Steel were among the worst performers and fell up to 2%.

  • 11:01 IST

    FII back to negative, DII bullish

    Foreign institutional investors offloaded shares worth Rs 270.66 crore in the capital market in the previous session, while domestic institutional investors purchased equities worth Rs 309.45 crore, data available with stock exchange showed.

  • 11:01 IST: Foreign institutional investors offloaded shares worth Rs 270.66 crore in the capital market in the previous session, while domestic institutional investors purchased equities worth Rs 309.45 crore, data available with stock exchange showed.

  • 10:58 IST

    Siemens share price rises 1%

    Siemens share price rose 1% in Tuesday's trade to the intraday high of Rs 1570.10, against the previous closing of Rs 1553.20 on the BSE, ahead of the July-Septmeber quarter earnings, scheduled to be released today.

  • 10:58 IST: Siemens share price rose 1% in Tuesday's trade to the intraday high of Rs 1570.10, against the previous closing of Rs 1553.20 on the BSE, ahead of the July-Septmeber quarter earnings, scheduled to be released today.

  • 10:52 IST

    Wockhardt shares decline post clarification filing

    Wockhardt shares fell nearly 2% in the early trade to Rs 291 against the last close of Rs 296.75 on the BSE today. The pharmaceutical company was asked for clarification by the bourses about the media article suggesting Cipla, Dr Reddy's Labs, Carlyle & Asian Investment Fund PAG were looking to acquire select business segments of Wockhardt.

    Wockhardt has replied that at this point of time, no event has occurred that requires disclosure under Regulation 30 of SEBI. "However, the Company, from time to time, keep exploring various options for sustainable growth of the Company," it added in the regulatory filing.

  • 10:52 IST: Wockhardt shares fell nearly 2% in the early trade to Rs 291 against the last close of Rs 296.75 on the BSE today. The pharmaceutical company was asked for clarification by the bourses about the media article suggesting Cipla, Dr Reddy's Labs, Carlyle & Asian Investment Fund PAG were looking to acquire select business segments of Wockhardt.

    Wockhardt has replied that at this point of time, no event has occurred that requires disclosure under Regulation 30 of SEBI. "However, the Company, from time to time, keep exploring various options for sustainable growth of the Company," it added in the regulatory filing.

  • 10:38 IST

    Dilip Buildcon rises 2.5%

    Shares of Dilip Builcon rose 2.5% and touched an intraday high of Rs 414 in Tuesday's trade. The company has announced today that it has bagged order worth Rs 2,123 crore from Coal India in Madhya Pradesh.

  • 10:38 IST: Shares of Dilip Builcon rose 2.5% and touched an intraday high of Rs 414 in Tuesday's trade. The company has announced today that it has bagged order worth Rs 2,123 crore from Coal India in Madhya Pradesh.

  • 10:24 IST

    Market Update

    Share Market Today: Domestic market has erased initial gains of Tuesday to trade marginally higher by the first hour of session. Sensex currently trades 45 points higher at 40,328 against the last closing value of 40,284.19 and Nifty trades 11 points higher at 11,895 against the previous closing value of 11,894.

  • 10:24 IST: Share Market Today: Domestic market has erased initial gains of Tuesday to trade marginally higher by the first hour of session. Sensex currently trades 45 points higher at 40,328 against the last closing value of 40,284.19 and Nifty trades 11 points higher at 11,895 against the previous closing value of 11,894.

  • 10:23 IST

    Low volatility in market on Tuesday

    India Vix the volatility index trades 2.47% lower at 15.36, indicating low volatility in the broader market.

     

  • 10:23 IST: India Vix the volatility index trades 2.47% lower at 15.36, indicating low volatility in the broader market.

     

  • 10:23 IST

    Sectors Update

    Share Market Today:  On the sectoral front, strength in banking, IT, pharma and realty indices helped the broader indices rise further, whereas weakness in auto, FMCG, media and metal indices capped gains and dragged broader indices further down.

     

  • 10:23 IST: Share Market Today:  On the sectoral front, strength in banking, IT, pharma and realty indices helped the broader indices rise further, whereas weakness in auto, FMCG, media and metal indices capped gains and dragged broader indices further down.

     

  • 10:21 IST

    Gainers and Losers

    Share Market Today: The top performers included Bharti Infratel, Bharti Airtel, Grasim, Tech Mahindra and Cipla, whereas worst performers on Tuesday morning trade were Zee Entertainment, UPL, Vedanta, GAIL and Hindalco Industries.

     

  • 10:21 IST: Share Market Today: The top performers included Bharti Infratel, Bharti Airtel, Grasim, Tech Mahindra and Cipla, whereas worst performers on Tuesday morning trade were Zee Entertainment, UPL, Vedanta, GAIL and Hindalco Industries.

     

  • 10:12 IST

    Spicejet shares rise 5%

    Share price of SpiceJet opened with a gain of 3.77% today and later rose 5.05% to touch an intraday high of Rs 111.35 on the BSE on Tuesday's trade. The low cost carrier, in a move to increase global sales and expand to eastern Middle East and Europe, is reportedly in talks with Boeing to buy more 737 Max aircraft.

     

  • 10:12 IST: Share price of SpiceJet opened with a gain of 3.77% today and later rose 5.05% to touch an intraday high of Rs 111.35 on the BSE on Tuesday's trade. The low cost carrier, in a move to increase global sales and expand to eastern Middle East and Europe, is reportedly in talks with Boeing to buy more 737 Max aircraft.

     

  • 09:41 IST

    Market Update

    Market experts said domestic market currently goes through an indecisive period of trade having rallied well in the last 2 month, post the Q2 results. Globally, investors are awaiting triggers on resolution of US-China trade tensions. Despite Trump Administration assurances last week that negotiations were progressing, there is still no clear progress on the Sino-US trade front.

     



     

  • 09:41 IST: Market experts said domestic market currently goes through an indecisive period of trade having rallied well in the last 2 month, post the Q2 results. Globally, investors are awaiting triggers on resolution of US-China trade tensions. Despite Trump Administration assurances last week that negotiations were progressing, there is still no clear progress on the Sino-US trade front.

     



     

  • 09:38 IST

    Frequent USFDA inspections slow down Indian pharma exports


    Chairman of CII national committee on pharmaceuticals G V Prasad, also MD of Dr Reddys Laboratories, said on Monday that frequent inspections of Indian plants by the USFDA and subsequent observations have slow down the growth of pharma exports. He added that there was a need for the government to focus on and invest more in primary healthcare.

    Introduction and growth of new products as lots of companies approvals have stalled owing to warning letters, he added.

    Read more

  • 09:38 IST:
    Chairman of CII national committee on pharmaceuticals G V Prasad, also MD of Dr Reddys Laboratories, said on Monday that frequent inspections of Indian plants by the USFDA and subsequent observations have slow down the growth of pharma exports. He added that there was a need for the government to focus on and invest more in primary healthcare.

    Introduction and growth of new products as lots of companies approvals have stalled owing to warning letters, he added.

    Read more

  • 09:30 IST

    Bharti Airtel, Vodafone shares gain

    Shares of Bharti Airtel has risen 3% on BSE, while Vodafone Idea leads 13% higher, after the companies released statements on increasing tariffs from December 1.

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  • 09:30 IST: Shares of Bharti Airtel has risen 3% on BSE, while Vodafone Idea leads 13% higher, after the companies released statements on increasing tariffs from December 1.

    Read more

  • 09:22 IST

    Market opens higher

    At the opening session Tuesday, benchmark indices have started bullish with Sensex and Nifty rising 0.13% each. Sensex opened at 40,455.36 against the last closing value of 40,284.19 and Nifty started the day at 11,919.45 against the previous closing value of 11,894

  • 09:22 IST: At the opening session Tuesday, benchmark indices have started bullish with Sensex and Nifty rising 0.13% each. Sensex opened at 40,455.36 against the last closing value of 40,284.19 and Nifty started the day at 11,919.45 against the previous closing value of 11,894

  • 09:14 IST

    IOC, GAIL to pay Adani 5% more hiring charge


    Oil Minister Dharmendra Pradhan on Monday said that State-owned Indian Oil Corp (IOC) and GAIL India will be paying Adani Group 5% more in hiring charges for using the private firm's upcoming LNG import facility at Dhamra in Odisha

    Both the state owned even after having their own similar terminal, have hired capacity in Adani's under-construction LNG import terminal at Dhamra.

    "GAIL and IOC have agreed to pay the tolling charge of Rs 60.18 per million British thermal unit for the regasification facility at Dhamra LNG terminal with annual escalations in line with their respective contractual provisions," he added.

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  • 09:14 IST:
    Oil Minister Dharmendra Pradhan on Monday said that State-owned Indian Oil Corp (IOC) and GAIL India will be paying Adani Group 5% more in hiring charges for using the private firm's upcoming LNG import facility at Dhamra in Odisha

    Both the state owned even after having their own similar terminal, have hired capacity in Adani's under-construction LNG import terminal at Dhamra.

    "GAIL and IOC have agreed to pay the tolling charge of Rs 60.18 per million British thermal unit for the regasification facility at Dhamra LNG terminal with annual escalations in line with their respective contractual provisions," he added.

    Read more

  • 09:11 IST

    Tata Steel to cut up to 3,000 jobs in Europe

    Amid auto sector wrestling with excess supply, weak demand and high costs, Tata Steel on Monday said that it plans to cut up to 3,000 jobs across its European operations.

    Tata said it was urgently planning to reduce employment costs by cutting employee numbers by up to 3,000 across its European operations, while seeking to improve performance by increasing sales of higher value products, efficiency gains.

    Read more

  • 09:11 IST: Amid auto sector wrestling with excess supply, weak demand and high costs, Tata Steel on Monday said that it plans to cut up to 3,000 jobs across its European operations.

    Tata said it was urgently planning to reduce employment costs by cutting employee numbers by up to 3,000 across its European operations, while seeking to improve performance by increasing sales of higher value products, efficiency gains.

    Read more

  • 09:07 IST

    Market in Pre-open session

    BSE Sensex has risen 177 points in the pre-open session on Tuesday to 40,435 level and NSE Nifty50 has started the pre-open at 51 points higher at 11,936 mark.

  • 09:07 IST: BSE Sensex has risen 177 points in the pre-open session on Tuesday to 40,435 level and NSE Nifty50 has started the pre-open at 51 points higher at 11,936 mark.

  • 09:05 IST

    Airtel, Vodafone hike tariffs from Dec 1




    In a move to compete with financial crisis and keeping the telecom companies viable, Vodafone Idea and Bharti Airtel announced on Monday about plans to increase mobile service rates from December 1.

    "To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in its statement.


    Bharti Airtel announced, "The telecom sector is highly capital intensive with fast changing technology cycles that require continuing investments.  It is, therefore, extremely important that the industry remains viable to support the vision of Digital India. Accordingly, Airtel will appropriately increase price offerings in the month beginning December," the Sunil Mittal-led telco said.

    Read more


     

  • 09:05 IST:


    In a move to compete with financial crisis and keeping the telecom companies viable, Vodafone Idea and Bharti Airtel announced on Monday about plans to increase mobile service rates from December 1.

    "To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in its statement.


    Bharti Airtel announced, "The telecom sector is highly capital intensive with fast changing technology cycles that require continuing investments.  It is, therefore, extremely important that the industry remains viable to support the vision of Digital India. Accordingly, Airtel will appropriately increase price offerings in the month beginning December," the Sunil Mittal-led telco said.

    Read more


     

  • 08:58 IST

    Pre-market update



    Amid investors awaiting US-China trade clarity, indices on the Wall Street barely extended the previous session's closing record and ended marginally higher.

    Elsewhere in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1%.

    Asian shares started on a soft note and trading was mostly flat after media reports suggested mood in Beijing was pessimistic about the prospects of sealing an agreement, increasing uncertainty added to investor's nervousness.

    Rupee the domestic currency closed 6 paise higher at71.84 against the dollar on Monday.

  • 08:58 IST:

    Amid investors awaiting US-China trade clarity, indices on the Wall Street barely extended the previous session's closing record and ended marginally higher.

    Elsewhere in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1%.

    Asian shares started on a soft note and trading was mostly flat after media reports suggested mood in Beijing was pessimistic about the prospects of sealing an agreement, increasing uncertainty added to investor's nervousness.

    Rupee the domestic currency closed 6 paise higher at71.84 against the dollar on Monday.

  • 08:53 IST

    Last close

    On Monday, benchmark indices Sensex and Nifty recovered from early losses and closed lower for the day. BSE Sensex closed 72 points lower at 40,284 against the previous closing of 40,356 and NSE Nifty ended the day's trade at 11,894 level, rising 1 point compared to last close of 11,895 level.

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  • 08:53 IST: On Monday, benchmark indices Sensex and Nifty recovered from early losses and closed lower for the day. BSE Sensex closed 72 points lower at 40,284 against the previous closing of 40,356 and NSE Nifty ended the day's trade at 11,894 level, rising 1 point compared to last close of 11,895 level.

    Read more