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Share Market Today: Market closes in red, Sensex ends 336 points lower; Nifty at 12,056

BusinessToday.In | 29 November 2019

Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.80% each by Friday's closing bell, ahead of GDP data release amid weak global equities. On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close. Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks. On the closing bell, Zee Entertainment, Hindustan Unilever, Dr Reddy, Tata Motors and Mahindra & Mahindra were among the top losers. On the contrary, Bharti Infratel, Adani Ports, Bharti Airtel, HDFC Bank and NTPC were among the top gainers.

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KEY UPDATES

  • Share Market Today: In terms of sector-based indices, gains in media, PSU bank and realty were capped by losses in auto, metal, IT, FMCG and banking and financial sectors.
  • 15:56 IST

    Closing Bell

    Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.80% each by Friday's closing bell, ahead of GDP data release amid weak global equities.

    On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close.

    Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks.

    On the closing bell, Zee Entertainment, Hindustan Unilever, Dr Reddy, Tata Motors and Mahindra & Mahindra were among the top losers. On the contrary, Bharti Infratel, Adani Ports, Bharti Airtel, HDFC Bank and NTPC were among the top gainers.

     

  • 15:56 IST: Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.80% each by Friday's closing bell, ahead of GDP data release amid weak global equities.

    On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close.

    Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks.

    On the closing bell, Zee Entertainment, Hindustan Unilever, Dr Reddy, Tata Motors and Mahindra & Mahindra were among the top losers. On the contrary, Bharti Infratel, Adani Ports, Bharti Airtel, HDFC Bank and NTPC were among the top gainers.

     

  • 15:24 IST

    Global equities trade in red

    European Index declined worldwide, tracking declines in U.S. equity futures on Friday, with FTSE, CAC and DAX Index declined 0.2% amid concerns over US-China trdae deal.US Future slipped 56 points or 0.2%.

     

  • 15:24 IST: European Index declined worldwide, tracking declines in U.S. equity futures on Friday, with FTSE, CAC and DAX Index declined 0.2% amid concerns over US-China trdae deal.US Future slipped 56 points or 0.2%.

     

  • 15:14 IST

    RIL share price declines nearly 2%

    Snapping two-day gaining streak, RIL share price declined as much as 1.93 per cent on Friday as investors resorted to profit booking after recent rally.

    With the fall in share price, the market capitalisation of the Mukesh Ambani led-firm slipped below record Rs 10 lakh crore level to Rs 9.85 lakh crore.

    On Thursday, Mukesh Ambani-led oil-telecom-to-retail major created a record by crossing and closing above Rs 10 lakh crore (trillion) market capitalisation after the stock hit its fresh 52-week high on bourses.

    Read more

  • 15:14 IST: Snapping two-day gaining streak, RIL share price declined as much as 1.93 per cent on Friday as investors resorted to profit booking after recent rally.

    With the fall in share price, the market capitalisation of the Mukesh Ambani led-firm slipped below record Rs 10 lakh crore level to Rs 9.85 lakh crore.

    On Thursday, Mukesh Ambani-led oil-telecom-to-retail major created a record by crossing and closing above Rs 10 lakh crore (trillion) market capitalisation after the stock hit its fresh 52-week high on bourses.

    Read more

  • 15:11 IST

    Home First Finance Company files for IPO


    Home First Finance Company (HFFC), that commenced operations in August 2010 has filed a draft red herring prospectus for its proposed initial public offering (IPO) with the market regulator Securities and Exchange Board of India (SEBI). The HFC seeks to raise Rs 1,500 crore via the IPO.

    The HFFC IPO comprises a fresh issue of Rs 400 crore and Rs 1,100 crore offer for sale by promoters and investors. Axis Capital, Credit Suisse, ICICI Securities and Kotak Mahindra have been appointed by the company for the share sale.

     

  • 15:11 IST:
    Home First Finance Company (HFFC), that commenced operations in August 2010 has filed a draft red herring prospectus for its proposed initial public offering (IPO) with the market regulator Securities and Exchange Board of India (SEBI). The HFC seeks to raise Rs 1,500 crore via the IPO.

    The HFFC IPO comprises a fresh issue of Rs 400 crore and Rs 1,100 crore offer for sale by promoters and investors. Axis Capital, Credit Suisse, ICICI Securities and Kotak Mahindra have been appointed by the company for the share sale.

     

  • 15:01 IST

    Granules India shares decline on USFDA inspection

    Shares of Granules India traded lower today after the company said that its Virginia unit received Establishment Inspection Report from US drug regulator US FDA. The regulator inspected the unit in August 2019.

    Reacting to this, share price of Granules India fell 2.3% to the day's low of Rs 126.10 on BSE, compared to the previous closing price of Rs 129.15.

     

  • 15:01 IST: Shares of Granules India traded lower today after the company said that its Virginia unit received Establishment Inspection Report from US drug regulator US FDA. The regulator inspected the unit in August 2019.

    Reacting to this, share price of Granules India fell 2.3% to the day's low of Rs 126.10 on BSE, compared to the previous closing price of Rs 129.15.

     

  • 14:26 IST

    Dilip Buildcon gains 6.02%

    Shares of Dilip Buildcon rose 6.02% to touch an intraday high of Rs 420 after the company said it received letter of acceptance from UP govt for EPC project worth Rs 1,363 crore.
     

  • 14:26 IST: Shares of Dilip Buildcon rose 6.02% to touch an intraday high of Rs 420 after the company said it received letter of acceptance from UP govt for EPC project worth Rs 1,363 crore.
     

  • 14:20 IST

    Adani Gas rises over 12%


    Adani Gas rose over 12% today after Competition Commission of India (CCI) granted approval to the acquisition of 37.4% shareholding and joint control by Total Group in Adani Gas.

    Share price of Adani Gas rose 12.78% to the intraday high of Rs 168.6 on BSE today. Shares of Adani Enterprises too climbed 3.85% and hit a fresh 52-week high of Rs 221.4 on Friday's trade, post the news.

    The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates (Total Group) given the future of natural gas business in India.

    It further noted that the deal would contribute towards bridging the energy deficit and augment supply of natural gas in India and further enable Total Group to provide services in a cost-efficient manner and meet the country'slong-term need for cleaner energy.

  • 14:20 IST:
    Adani Gas rose over 12% today after Competition Commission of India (CCI) granted approval to the acquisition of 37.4% shareholding and joint control by Total Group in Adani Gas.

    Share price of Adani Gas rose 12.78% to the intraday high of Rs 168.6 on BSE today. Shares of Adani Enterprises too climbed 3.85% and hit a fresh 52-week high of Rs 221.4 on Friday's trade, post the news.

    The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates (Total Group) given the future of natural gas business in India.

    It further noted that the deal would contribute towards bridging the energy deficit and augment supply of natural gas in India and further enable Total Group to provide services in a cost-efficient manner and meet the country'slong-term need for cleaner energy.

  • 13:59 IST

    Rupee trades 16 paise lower

    The Indian rupee traded 16 paise lower at 71.77 per dollar on Friday amid increased dollar demand from importers. The rupee is the worst performer among emerging market peers in Asia this month.

  • 13:59 IST: The Indian rupee traded 16 paise lower at 71.77 per dollar on Friday amid increased dollar demand from importers. The rupee is the worst performer among emerging market peers in Asia this month.

  • 13:49 IST

    ICICI Securities rises over 6%

    Shares of ICICI Securities rose 6.14% and touched an intraday high of Rs 350.25 on BSE after the company said it has settled with markets regulator SEBI a case of the alleged violation of stockbroker norms by paying over Rs 28 lakh towards settlement charges. The stock trades 0.9% away from 52 week high of Rs 351.5    

    "Following the payment, a settlement order dated November 27, 2019 passed by SEBI in relation to alleged violation of Code of Conduct has been received today i.e. November 28, 2019," the company said in a regulatory filing.

  • 13:49 IST: Shares of ICICI Securities rose 6.14% and touched an intraday high of Rs 350.25 on BSE after the company said it has settled with markets regulator SEBI a case of the alleged violation of stockbroker norms by paying over Rs 28 lakh towards settlement charges. The stock trades 0.9% away from 52 week high of Rs 351.5    

    "Following the payment, a settlement order dated November 27, 2019 passed by SEBI in relation to alleged violation of Code of Conduct has been received today i.e. November 28, 2019," the company said in a regulatory filing.

  • 13:35 IST

    Market Update

    Market analysts said equity investors booked profits at higher levels, ahead of Q2 gross domestic product (GDP) growth numbers, scheduled to be released later today. GDP growth for Q2 is expected to be between 4.2% - 4.7%, slower than the 5% in Q1, according to experts.

     

  • 13:35 IST: Market analysts said equity investors booked profits at higher levels, ahead of Q2 gross domestic product (GDP) growth numbers, scheduled to be released later today. GDP growth for Q2 is expected to be between 4.2% - 4.7%, slower than the 5% in Q1, according to experts.

     

  • 13:26 IST

    Global equities trade in red

    Markets globally were trading lower due to uncertainty on the latest clash between Washington and Beijing over Hong Kong.

    Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a negative note after US' law supporting pro-democracy protesters in Hong Kong put a dampener on hopes of an early trade truce over tariffs.

    China warned the United States on Thursday it would take "firm countermeasures" in response to U.S. legislation backing anti-government protesters in Hong Kong

  • 13:26 IST: Markets globally were trading lower due to uncertainty on the latest clash between Washington and Beijing over Hong Kong.

    Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a negative note after US' law supporting pro-democracy protesters in Hong Kong put a dampener on hopes of an early trade truce over tariffs.

    China warned the United States on Thursday it would take "firm countermeasures" in response to U.S. legislation backing anti-government protesters in Hong Kong

  • 13:25 IST

    Market Mometum: expert opinion (Techincal)

    Commenting on India's second-quarter GDP and its effect on market's momentum, Amit Gupta, Co-Founder and CEO of TradingBells said," India's second-quarter GDP numbers are due on Friday and it is expected to remain subdued where some sources say that it could be around 4% which is near a decade low."

    The market has already factored in subdued GDP figure and it is betting on more rate cuts as well as more stimulus measures for the economy by the government, he added.

    Indian equity market's headline indices Nifty, Sensex and Banknifty all three are at an all-time high despite all worries related to growth. Current bullish momentum is driven by global cues as trade war tension between the US and China is easing off and global liquidity is chasing emerging markets. Other than the global cues market is running on hope for more stimulus packages for the economy.

    The market is a forward-looking animal where most of the negative news about the economy is factored in.

    "Technically, Nifty is likely to head towards 12500 levels where 12350 would be intermediate resistance level while the downside is protected at 12000-11950 zone. Buy on dip trend with one step backward and two steps forward is likely to continue till Nifty trades above 11900 level," he said, speaking on technical trend on Nifty.

  • 13:25 IST: Commenting on India's second-quarter GDP and its effect on market's momentum, Amit Gupta, Co-Founder and CEO of TradingBells said," India's second-quarter GDP numbers are due on Friday and it is expected to remain subdued where some sources say that it could be around 4% which is near a decade low."

    The market has already factored in subdued GDP figure and it is betting on more rate cuts as well as more stimulus measures for the economy by the government, he added.

    Indian equity market's headline indices Nifty, Sensex and Banknifty all three are at an all-time high despite all worries related to growth. Current bullish momentum is driven by global cues as trade war tension between the US and China is easing off and global liquidity is chasing emerging markets. Other than the global cues market is running on hope for more stimulus packages for the economy.

    The market is a forward-looking animal where most of the negative news about the economy is factored in.

    "Technically, Nifty is likely to head towards 12500 levels where 12350 would be intermediate resistance level while the downside is protected at 12000-11950 zone. Buy on dip trend with one step backward and two steps forward is likely to continue till Nifty trades above 11900 level," he said, speaking on technical trend on Nifty.

  • 12:58 IST

    Mahindra & Mahindra share price trades lower

    Mahindra & Mahindra share price has fallen 1.5% to the day's low of Rs 533.25 on the BSE. M&M share price has fallen after 2 days of consecutive gain. The auto major in an exchange filing said that its board has approved the scheme of merger by absorption of Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the Company, with itself.

     

  • 12:58 IST: Mahindra & Mahindra share price has fallen 1.5% to the day's low of Rs 533.25 on the BSE. M&M share price has fallen after 2 days of consecutive gain. The auto major in an exchange filing said that its board has approved the scheme of merger by absorption of Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the Company, with itself.

     

  • 12:52 IST

    YES Bank shares reverse trend, fall over 2%

    YES Bank shares took a trend reversal on Friday's afternoon session and fell after 2 days of consecutive gain, ahead of the private lender’s board meeting to consider fund-raising options, scheduled today. The share price of the private lender has fallen 2.6% to the intraday low of Rs 68.20, against the previous closing value of Rs 70.05.

     

  • 12:52 IST: YES Bank shares took a trend reversal on Friday's afternoon session and fell after 2 days of consecutive gain, ahead of the private lender’s board meeting to consider fund-raising options, scheduled today. The share price of the private lender has fallen 2.6% to the intraday low of Rs 68.20, against the previous closing value of Rs 70.05.

     

  • 12:48 IST

    ONGC shares trade lower

    ONGC shares declined 1.8% to the day's low of Rs 133.20 on BSE Friday. The state-owned oil and gas company has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent for meeting its capital expenditure. The 10-year bond will mature in 2029.

     

  • 12:48 IST: ONGC shares declined 1.8% to the day's low of Rs 133.20 on BSE Friday. The state-owned oil and gas company has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent for meeting its capital expenditure. The 10-year bond will mature in 2029.

     

  • 12:46 IST

    Oil prices decline

    Brent futures, the global oil benchmark, fell 0.40 per cent to USD 63.02 per barrel on Friday, tracking worries on US-China trade deal concerns.

  • 12:46 IST: Brent futures, the global oil benchmark, fell 0.40 per cent to USD 63.02 per barrel on Friday, tracking worries on US-China trade deal concerns.

  • 12:42 IST

    Domestic indices decline 0.90% each

    Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.90% each on Friday, the November Futures and Options expiry day, ahead of quarterly GDP growth data release. BSE Sensex trades 370 points lower at 40,758, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,046, declining 104 points compared to previous closing of 12,154.

  • 12:42 IST: Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.90% each on Friday, the November Futures and Options expiry day, ahead of quarterly GDP growth data release. BSE Sensex trades 370 points lower at 40,758, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,046, declining 104 points compared to previous closing of 12,154.

  • 12:16 IST

    Indiabulls Housing clocks 12% surge

    Shares of Indiabulls Housing Finance surged in Thursday's early trade after the government affidavit filed in Delhi High Court said that it did not find any irregularities in loans given to five companies.

     Indiabulls Housing stock price opened with a gain of 6.82% today and later climbed 12.75% to the day's high of Rs 376.8 on the BSE.

    The Ministry of Corporate Affairs, Government of India, filed an affidavit in the court that stated, "As far as the loans given by IBHFL to five companies, viz, DLF, Amricorp, Vatika, ADAG and Chordia which are the subject matter of the instant Writ Petition, the report states that loans given to Amricorp, ADAG and DLF have been repaid and loans are given to other two entities viz Vatika and Chordia reported to be 'Standard Accounts'."

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  • 12:16 IST: Shares of Indiabulls Housing Finance surged in Thursday's early trade after the government affidavit filed in Delhi High Court said that it did not find any irregularities in loans given to five companies.

     Indiabulls Housing stock price opened with a gain of 6.82% today and later climbed 12.75% to the day's high of Rs 376.8 on the BSE.

    The Ministry of Corporate Affairs, Government of India, filed an affidavit in the court that stated, "As far as the loans given by IBHFL to five companies, viz, DLF, Amricorp, Vatika, ADAG and Chordia which are the subject matter of the instant Writ Petition, the report states that loans given to Amricorp, ADAG and DLF have been repaid and loans are given to other two entities viz Vatika and Chordia reported to be 'Standard Accounts'."

    Read more

  • 11:22 IST

    Rupee trades lower at 71.63 per dollar

    Ahead of economic data release, Indian rupee opened on a weak note at 71.63 at the interbank foreign exchange, then fell to 71.73 against the US dollar, showing a decline of 11 paise over its previous closing, as investors traded the cautious path ahead of the release of GDP data.

    The Indian rupee on Thursday had closed at 71.62 against the US dollar.

    Read more

     

  • 11:22 IST:

    Ahead of economic data release, Indian rupee opened on a weak note at 71.63 at the interbank foreign exchange, then fell to 71.73 against the US dollar, showing a decline of 11 paise over its previous closing, as investors traded the cautious path ahead of the release of GDP data.

    The Indian rupee on Thursday had closed at 71.62 against the US dollar.

    Read more

     

  • 11:16 IST

    Market declines further

    Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.75% each on Friday, the November Futures and Options expiry day, ahead of quarterly GDP growth data release. BSE Sensex trades 330 points lower at 40,798, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,061, declining 89 points compared to previous closing of 12,154.

  • 11:16 IST: Share Market Today: Equity benchmark indices Sensex and Nifty fell 0.75% each on Friday, the November Futures and Options expiry day, ahead of quarterly GDP growth data release. BSE Sensex trades 330 points lower at 40,798, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,061, declining 89 points compared to previous closing of 12,154.

  • 11:13 IST

    Future Retail rises 18%

    Future Retail rose 18% on Friday's early session after the Competition Commission of India (CCI) approved Amazon's proposed Rs 1,500 crore deal to acquire 49% stake in Future Coupons Ltd (FCL), a Future Retail promoter group company.

    Future Retail shares opened with a gain of 4.24% today and later climbed 18.23% to the intraday high of Rs 387.9 on BSE, compared to its previous closing of 328.10.

    "The proposed combination pertains to the acquisition by the acquirer (Amazon.com NV Investment Holdings) of approximately 49 per cent of the voting and non-voting equity shares of the target (Future Coupons Ltd)," CCI said in its order.

    Read more

  • 11:13 IST: Future Retail rose 18% on Friday's early session after the Competition Commission of India (CCI) approved Amazon's proposed Rs 1,500 crore deal to acquire 49% stake in Future Coupons Ltd (FCL), a Future Retail promoter group company.

    Future Retail shares opened with a gain of 4.24% today and later climbed 18.23% to the intraday high of Rs 387.9 on BSE, compared to its previous closing of 328.10.

    "The proposed combination pertains to the acquisition by the acquirer (Amazon.com NV Investment Holdings) of approximately 49 per cent of the voting and non-voting equity shares of the target (Future Coupons Ltd)," CCI said in its order.

    Read more

  • 10:53 IST

    Market Update

    Both the broader indices turned majorly bearish within few minutes of trade, tracking weak Asian equities that traded lower amid concerns of US-China trade deal. As per analysts, traders are expected to book profits on November F&O expiry day. Additionally, expectations of slower economic growth in the September quarter further kept investor sentiments down.

  • 10:53 IST: Both the broader indices turned majorly bearish within few minutes of trade, tracking weak Asian equities that traded lower amid concerns of US-China trade deal. As per analysts, traders are expected to book profits on November F&O expiry day. Additionally, expectations of slower economic growth in the September quarter further kept investor sentiments down.

  • 10:32 IST

    Market declines further

    Share Market Today: Equity benchmark indices Sensex and Nifty are trading majorly negative on Friday, the November Futures and Options expiry day, amid weak global equities. BSE Sensex today trades 230 points lower at 40,903, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,091, declining 57 points compared to previous closing of 12,154.

  • 10:32 IST: Share Market Today: Equity benchmark indices Sensex and Nifty are trading majorly negative on Friday, the November Futures and Options expiry day, amid weak global equities. BSE Sensex today trades 230 points lower at 40,903, against the previous closing of 41,130.17. Similarly, NSE Nifty50 trades at 12,091, declining 57 points compared to previous closing of 12,154.

  • 10:27 IST

    RIL shares fall after 2 days of straight gain

    Reliance Industries stock has fallen after 2 days of consecutive gain on Friday. The index heavyweight stock traded down 0.80% at Rs 1,567 on BSE, against yesterday's closing of Rs 1,579. On Thursday, RIL share became the first company among listed entities to hit a market capitalisation (mcap) of Rs 10 lakh crore mark, after the shares hit record high of Rs 1,581.25 on the BSE.

    Read more

     

  • 10:27 IST: Reliance Industries stock has fallen after 2 days of consecutive gain on Friday. The index heavyweight stock traded down 0.80% at Rs 1,567 on BSE, against yesterday's closing of Rs 1,579. On Thursday, RIL share became the first company among listed entities to hit a market capitalisation (mcap) of Rs 10 lakh crore mark, after the shares hit record high of Rs 1,581.25 on the BSE.

    Read more

     

  • 10:17 IST

    Tata Power gains 2%

    Tata Power stock price climbed 2.39% to the intraday high of Rs 57.8 on Friday as the power generation arm of Tata group is planning to sell a stake in its renewable energy portfolio to global investors to reduce its debt. The company is exploring the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, reported Reuters.

     

  • 10:17 IST: Tata Power stock price climbed 2.39% to the intraday high of Rs 57.8 on Friday as the power generation arm of Tata group is planning to sell a stake in its renewable energy portfolio to global investors to reduce its debt. The company is exploring the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, reported Reuters.

     

  • 10:11 IST

    Aurobindo Pharma rises over 2%


    Shares of Aurobindo Pharma surged 2.67% to the day's high of Rs 462.2 on Friday, as the drug maker said its subsidiary Auro Vaccines LLC has entered into an agreement to acquire certain business assets from Profectus BioSciences Inc USA for an upfront cash consideration of USD 11.29 million (around Rs 80 crore) with potential earn-outs on achieving certain milestones.

    Read more

  • 10:11 IST:
    Shares of Aurobindo Pharma surged 2.67% to the day's high of Rs 462.2 on Friday, as the drug maker said its subsidiary Auro Vaccines LLC has entered into an agreement to acquire certain business assets from Profectus BioSciences Inc USA for an upfront cash consideration of USD 11.29 million (around Rs 80 crore) with potential earn-outs on achieving certain milestones.

    Read more

  • 10:08 IST

    Fortis declines over rating wihdrawal by CARE

    Fortis Healthcare share traded mildly bearish today as CARE Rating withdrew "CARE BBB-/ CARE A3, Credit watch with developing implications" rating in respect of the company's long term bank facilities and short term facilities.

    "CARE BBB- Credit watch with developing implications" rating has also been withdrawn in respect of its subsidiary (Escorts Heart Institute & Research Centre Limited) for short term bank facilities, the regulatory filing added.

  • 10:08 IST: Fortis Healthcare share traded mildly bearish today as CARE Rating withdrew "CARE BBB-/ CARE A3, Credit watch with developing implications" rating in respect of the company's long term bank facilities and short term facilities.

    "CARE BBB- Credit watch with developing implications" rating has also been withdrawn in respect of its subsidiary (Escorts Heart Institute & Research Centre Limited) for short term bank facilities, the regulatory filing added.

  • 10:04 IST

    YES Bank board to meet for fundraising plans today

    YES Bank stock was the top gainer on the broader index Nifty for the third straight session on Friday. YES Bank stock price  rose 4.78% to the day's high of Rs 73.4, ahead of the private lender's board meeting for considering various options for raising funds, scheduled today.

    "A meeting of the board of directors of YES Bank will be held on Friday, November 29, 2019, to discuss and consider raising of funds by issue of equity or equity-linked securities through permissible modes", YES Bank said in a regulatory filing on November 26.  The fundraising is subject to necessary shareholders and regulatory approvals, as applicable, it added.

    Read more
     

  • 10:04 IST: YES Bank stock was the top gainer on the broader index Nifty for the third straight session on Friday. YES Bank stock price  rose 4.78% to the day's high of Rs 73.4, ahead of the private lender's board meeting for considering various options for raising funds, scheduled today.

    "A meeting of the board of directors of YES Bank will be held on Friday, November 29, 2019, to discuss and consider raising of funds by issue of equity or equity-linked securities through permissible modes", YES Bank said in a regulatory filing on November 26.  The fundraising is subject to necessary shareholders and regulatory approvals, as applicable, it added.

    Read more
     

  • 09:47 IST

    HDFC Bank declines

    HDFC Bank shares traded lower on Friday and touched day's low of Rs 1,257 on BSE. The private bank on Thursday said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020.

  • 09:47 IST: HDFC Bank shares traded lower on Friday and touched day's low of Rs 1,257 on BSE. The private bank on Thursday said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020.

  • 09:39 IST

    Gainers and Losers

    Top losers were Tata Steel, ICICI Bank, Hindalco, Kotak Bank and Bharti Infratel while YES Bank, Zee Entertainment, Bharti Airtel, BPCL and UltraTech Cement were among the top gainers in Friday's trade.

  • 09:39 IST: Top losers were Tata Steel, ICICI Bank, Hindalco, Kotak Bank and Bharti Infratel while YES Bank, Zee Entertainment, Bharti Airtel, BPCL and UltraTech Cement were among the top gainers in Friday's trade.

  • 09:35 IST

    Sectors Today

    In terms of sector-based indices, gains in media, pharma, PSU bank and realty were capped by losses in auto, metal, IT, FMCG  and banking and financial sectors.

  • 09:35 IST: In terms of sector-based indices, gains in media, pharma, PSU bank and realty were capped by losses in auto, metal, IT, FMCG  and banking and financial sectors.

  • 09:32 IST

    Market Update

    Despite positive domestic sentiments led by continued government reforms process, FIIs buying interest and good quarterly results, both the broader indices turned majorly bearish within few minutes of trade, tracking weak Asian equities that traded lower amid concerns of US-China trade deal. As per analysts, traders are expected to book profits on November F&O expiry day.

  • 09:32 IST: Despite positive domestic sentiments led by continued government reforms process, FIIs buying interest and good quarterly results, both the broader indices turned majorly bearish within few minutes of trade, tracking weak Asian equities that traded lower amid concerns of US-China trade deal. As per analysts, traders are expected to book profits on November F&O expiry day.

  • 09:29 IST

    Rupee trades flat

    The Indian rupee, the local currency opened flat at 71.61 per dollar at the interbank exchange on Friday compared to Thursday's close 71.60 per US dollar.

  • 09:29 IST:

    The Indian rupee, the local currency opened flat at 71.61 per dollar at the interbank exchange on Friday compared to Thursday's close 71.60 per US dollar.

  • 09:27 IST

    Market opens in red

    Share Market Today: Broader indices Sensex and Nifty have opened on a negative note on Friday, the November Futures and Options expiry day, amid weak global equities. BSE Sensex today has opened at 41,138.26  against the previous closing of  41,130.17 and NSE Nifty50 has started the day's trade at 12,146.20, compared to previous closing of 12,154.

     

  • 09:27 IST: Share Market Today: Broader indices Sensex and Nifty have opened on a negative note on Friday, the November Futures and Options expiry day, amid weak global equities. BSE Sensex today has opened at 41,138.26  against the previous closing of  41,130.17 and NSE Nifty50 has started the day's trade at 12,146.20, compared to previous closing of 12,154.

     

  • 09:19 IST

    GDP growth rate to be announced today

    The GDP growth rate for the second quarter of FY20 will be announced today. As per analysts, the GDP growth is likely to hit yet another low. GDP growth has been on a downward slide for six quarters straight.

    Rating agencies India Ratings and ICRA expect the growth numbers to be 4.7 per cent. Kotak Economic Research that estimated GDP growth to be at 5.2 per cent earlier has slashed it to 4.7 per cent.

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  • 09:19 IST: The GDP growth rate for the second quarter of FY20 will be announced today. As per analysts, the GDP growth is likely to hit yet another low. GDP growth has been on a downward slide for six quarters straight.

    Rating agencies India Ratings and ICRA expect the growth numbers to be 4.7 per cent. Kotak Economic Research that estimated GDP growth to be at 5.2 per cent earlier has slashed it to 4.7 per cent.

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  • 09:16 IST

    HDFC Bank shares to be in focus today

    HDFC Bank shares will be in focus after the lender said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020

    "The board of directors of the bank, at its meeting held today, has constituted a search committee to identify a successor to Aditya Puri, the current managing director of the bank, whose tenure ends on October 26, 2020," HDFC Bank said in a filing to the Bombay Stock Exchange.

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  • 09:16 IST:

    HDFC Bank shares will be in focus after the lender said it has constituted a six-member search committee to replace Aditya Puri as managing director and chief executive officer of the bank, whose tenure ends on October 26, 2020

    "The board of directors of the bank, at its meeting held today, has constituted a search committee to identify a successor to Aditya Puri, the current managing director of the bank, whose tenure ends on October 26, 2020," HDFC Bank said in a filing to the Bombay Stock Exchange.

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  • 09:12 IST

    FII remain bullish, DII stays bearish

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) was positive with net buying logged at Rs 1,008.89 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 155.47 crore on Thursday.

     

  • 09:12 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) was positive with net buying logged at Rs 1,008.89 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 155.47 crore on Thursday.

     

  • 09:11 IST

    Global Market Update

    On Friday, markets are expected to trade on a muted note, on account of weak global cues. Asian market opened on a mixed bag concern of US-China trade deal.Hong Kong Index slipped 1% while Nikkei Index was trading flat. SGX Nifty declined 0.1%


    European market yesterday declined marginally ahead of UK election.

  • 09:11 IST: On Friday, markets are expected to trade on a muted note, on account of weak global cues. Asian market opened on a mixed bag concern of US-China trade deal.Hong Kong Index slipped 1% while Nikkei Index was trading flat. SGX Nifty declined 0.1%


    European market yesterday declined marginally ahead of UK election.

  • 09:10 IST

    Stocks in the news

    HDFC Bank, YES Bank, Fortis Healthcare, PC Jeweller, Edelweiss Financial Services, Tata Power, Aurobindo Pharma, Oil and Natural Gas Corporation (ONGC), Mahindra & Mahindra, IL&FS Transportation Networks among other are the listed entities likely to be on the focus in Friday's trading session.

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  • 09:10 IST: HDFC Bank, YES Bank, Fortis Healthcare, PC Jeweller, Edelweiss Financial Services, Tata Power, Aurobindo Pharma, Oil and Natural Gas Corporation (ONGC), Mahindra & Mahindra, IL&FS Transportation Networks among other are the listed entities likely to be on the focus in Friday's trading session.

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  • 09:06 IST

    Pre-open on Friday

    Share Market Today: Broader indices Sensex and Nifty have opened on a flat-to-positive note on Friday, the November Futures and Options expiry day, amid weak global equities. SGXNifty trades 29 points lower at 12,157, indicating lower start for the broader domestic indices.

  • 09:06 IST: Share Market Today: Broader indices Sensex and Nifty have opened on a flat-to-positive note on Friday, the November Futures and Options expiry day, amid weak global equities. SGXNifty trades 29 points lower at 12,157, indicating lower start for the broader domestic indices.

  • 09:06 IST

    Thursday's close

    On Thursday, equity indices closed at record-high levels after BSE Sensex and NSE Nifty recorded fresh lifetime highs, ahead of November derivatives expiry. BSE Sensex ended at a record high of 41,130.17, rising 109 points higher and NSE Nifty at 12,154, rising 53 points against its previous close.

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  • 09:06 IST: On Thursday, equity indices closed at record-high levels after BSE Sensex and NSE Nifty recorded fresh lifetime highs, ahead of November derivatives expiry. BSE Sensex ended at a record high of 41,130.17, rising 109 points higher and NSE Nifty at 12,154, rising 53 points against its previous close.

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