Business Today

Sensex Today: Share market ends in red; Sensex closes 330 points lower, Nifty holds 11,900

BusinessToday.In | 08 November 2019

Share Market: Benchmark indices Sensex and Nifty turned majorly bearish and fell 0.80% by the closing bell, backed by heavy selling pressure in pharma, FMCG, IT and metal stocks. While Sensex closed 330 points lower at 40,323 level, Nifty50 ended the day's trade at 11,908, declining 103 points. Sectorally, except realty and banking indices, all the other sectors closed in the red, with over 2% fall registered in pharma stocks, followed by 1.5% fall in FMCG, IT, metal and PSU bank scrips.

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KEY UPDATES

  • Share Market: Strength in banking, financial, auto and realty stocks supported the markets however weakness in pharma, media, IT and metal shares limited the gains.
  • 16:22 IST

    Market Wrap: expert opinion

    Commenting on the market rundown on Friday, Vinod Nair, head of research at Geojit Financial Services Ltd said, "Rating downgrade forced investors to book profit in a volatile market and rupee weakened to 3 week low. Given the subdued performance of the equity market during the year MF inflows fell to four month low while premium valuation of large & blue-chips is not attracting new funds in the market."


     

  • 16:22 IST: Commenting on the market rundown on Friday, Vinod Nair, head of research at Geojit Financial Services Ltd said, "Rating downgrade forced investors to book profit in a volatile market and rupee weakened to 3 week low. Given the subdued performance of the equity market during the year MF inflows fell to four month low while premium valuation of large & blue-chips is not attracting new funds in the market."


     

  • 16:20 IST

    Expert View: Technical opinion on Nifty


    Commenting on the technical view of broader index Nifty,  Rohit Singre, the senior technical analyst at LKP Securities said, "Index closed a week at 11908 on flattish note forming  doji star candle pattern on weekly chart and evening star kind of candle pattern on daily chart hinting a negative reversal if managed to sustain below the lows of current week. Index showed profit booking from strong resistance of 12000-12025 odd levels hinting we may see some more cuts if index continued to trade below its immediate resistance of 11950 zone, good support for index is coming near 11850-11800 zone if managed to sustain above said levels then we may see some consolidation in coming weeks".

     

  • 16:20 IST:
    Commenting on the technical view of broader index Nifty,  Rohit Singre, the senior technical analyst at LKP Securities said, "Index closed a week at 11908 on flattish note forming  doji star candle pattern on weekly chart and evening star kind of candle pattern on daily chart hinting a negative reversal if managed to sustain below the lows of current week. Index showed profit booking from strong resistance of 12000-12025 odd levels hinting we may see some more cuts if index continued to trade below its immediate resistance of 11950 zone, good support for index is coming near 11850-11800 zone if managed to sustain above said levels then we may see some consolidation in coming weeks".

     

  • 15:52 IST

    Market closes in the red on Friday

    Benchmark indices Sensex and Nifty fell 0.80% by the closing bell, backed by heavy selling pressure in pharma, FMCG, IT and metal stocks. While Sensex closed 330 points lower at 40,323 level, Nifty50 ended the day's trade at 11,908, declining 103 points. Sectorally, except realty and banking indices, all the other sectors closed in the red, with over 2% fall registered in pharma stocks, followed by 1.5% fall in FMCG, IT, metal and PSU bank scrips.

  • 15:52 IST: Benchmark indices Sensex and Nifty fell 0.80% by the closing bell, backed by heavy selling pressure in pharma, FMCG, IT and metal stocks. While Sensex closed 330 points lower at 40,323 level, Nifty50 ended the day's trade at 11,908, declining 103 points. Sectorally, except realty and banking indices, all the other sectors closed in the red, with over 2% fall registered in pharma stocks, followed by 1.5% fall in FMCG, IT, metal and PSU bank scrips.

  • 15:33 IST

    Eicher Motors reports healthy Q2 figures, shares rise over 2%

    Eicher Motors reported 18.5% hike in consolidated net profit to Rs 570.5 crore in Q2 FY20 against Rs 481.4 crore earned in the corresponding quarter last fiscal. Company's revenue, however declined 9.2% to Rs 2,181 reported in the July-September quarter against Rs 2,404 crore recorded in the same period last fiscal year.

    Automaker's EBIDTA has declined 25.85 to Rs 546 crore on a yearly basis from Rs 736 crore, reported last year during the same quarter.

    Post the Q2 earnings announcement, shares of Eicher Motors rose 2.84% intraday to Rs 22,038.4 on the BSE.

    Additionally, the stock has outperformed the 'auto' sector by 1.19%, where the sector has increased 0.16% intraday.

     

  • 15:33 IST: Eicher Motors reported 18.5% hike in consolidated net profit to Rs 570.5 crore in Q2 FY20 against Rs 481.4 crore earned in the corresponding quarter last fiscal. Company's revenue, however declined 9.2% to Rs 2,181 reported in the July-September quarter against Rs 2,404 crore recorded in the same period last fiscal year.

    Automaker's EBIDTA has declined 25.85 to Rs 546 crore on a yearly basis from Rs 736 crore, reported last year during the same quarter.

    Post the Q2 earnings announcement, shares of Eicher Motors rose 2.84% intraday to Rs 22,038.4 on the BSE.

    Additionally, the stock has outperformed the 'auto' sector by 1.19%, where the sector has increased 0.16% intraday.

     

  • 15:24 IST

    GAIL declines over 4% post Q2 result

    GAIL reported 22% drop in consolidated net profit to Rs 1,167 crore in Q2 vs last year's Rs 1,504 crore in the July-September quarter this year. Company's revenue were down 1.3% to Rs 18,235 crore from Rs 18,467 crore reported in the same quarter last year.  GAIL's Q2 EBITDA  sees a sequential dip of 29.8% to Rs 1,654.3 crore recorded this quarter compared to last year's Rs 2,358 crore.

    Following the announcement of Q2 earnings, GAIL stock price has fallen 4.65% intraday to Rs 126 on the BSE.

     

  • 15:24 IST: GAIL reported 22% drop in consolidated net profit to Rs 1,167 crore in Q2 vs last year's Rs 1,504 crore in the July-September quarter this year. Company's revenue were down 1.3% to Rs 18,235 crore from Rs 18,467 crore reported in the same quarter last year.  GAIL's Q2 EBITDA  sees a sequential dip of 29.8% to Rs 1,654.3 crore recorded this quarter compared to last year's Rs 2,358 crore.

    Following the announcement of Q2 earnings, GAIL stock price has fallen 4.65% intraday to Rs 126 on the BSE.

     

  • 15:23 IST

    Allahabad Bank falls over 11% post Q2 result

    Allahabad Bank reports Q2 net loss widens to Rs 2,114 crore compared to Rs 1,823 crore on a year-to-year basis. Lender's net interest income was up 10.9% to Rs 1,275 crore from Rs 1,150 crore reported in the correspondng quarter last year. Following the announcement, Allahabad Bank share that earlier traded 2% higher, fell over 11% to the intraday low of Rs 23.95 on the BSE.

  • 15:23 IST: Allahabad Bank reports Q2 net loss widens to Rs 2,114 crore compared to Rs 1,823 crore on a year-to-year basis. Lender's net interest income was up 10.9% to Rs 1,275 crore from Rs 1,150 crore reported in the correspondng quarter last year. Following the announcement, Allahabad Bank share that earlier traded 2% higher, fell over 11% to the intraday low of Rs 23.95 on the BSE.

  • 15:20 IST

    IT, health care stocks lead losses

    IT, health care and oil and gas stocks led the losses on benchmark indices.

  • 15:20 IST: IT, health care and oil and gas stocks led the losses on benchmark indices.

  • 15:17 IST

    Banking stocks limit losses

    Banking stocks were capping the losses with the BSE Bankex soaring 250 points to 34,865. Bank Nifty too rose 96 points to 30,727.

  • 15:17 IST: Banking stocks were capping the losses with the BSE Bankex soaring 250 points to 34,865. Bank Nifty too rose 96 points to 30,727.

  • 15:02 IST

    Sensex components in negative

    Of 30 Sensex stocks, 23 were trading in red.

  • 15:02 IST: Of 30 Sensex stocks, 23 were trading in red.

  • 15:01 IST

    Market update

    Sensex falls 236 points to 40,417, Nifty loses 80 points to 11,930.

  • 15:01 IST: Sensex falls 236 points to 40,417, Nifty loses 80 points to 11,930.

  • 14:59 IST

    Negative market breadth

    Market breadth was negative 1056 stocks rising against 1379 falling on BSE.

  • 14:59 IST: Market breadth was negative 1056 stocks rising against 1379 falling on BSE.

  • 14:54 IST

    Sensex losers

    Top Sensex losers were Sun Pharma (4%) , Vedanta (2.64%), HUL (2.47%) and ONGC (1.97%).

  • 14:54 IST: Top Sensex losers were Sun Pharma (4%) , Vedanta (2.64%), HUL (2.47%) and ONGC (1.97%).

  • 14:50 IST

    Top Sensex gainers

    YES Bank (5%), IndusInd Bank (3.42%) and ICICI Bank (2.73%) were the top Sensex gainers.

  • 14:50 IST: YES Bank (5%), IndusInd Bank (3.42%) and ICICI Bank (2.73%) were the top Sensex gainers.

  • 14:15 IST

    DLF rises over 8% post Q2 result

    DLF shares rose 8.6% to the  intraday high of Rs 209 after the realty major posted a 19% rise in consolidated net profit at Rs 445.85 crore for the second quarter of this fiscal year, mainly on lower expenses, and announced appointment of Vivek Anand as the group chief financial officer (CFO). The company's net profit stood at Rs 374.74 crore in the year-ago period. DLF shares trade mere 1.68% away from 52 week high of Rs 209.4.

  • 14:15 IST: DLF shares rose 8.6% to the  intraday high of Rs 209 after the realty major posted a 19% rise in consolidated net profit at Rs 445.85 crore for the second quarter of this fiscal year, mainly on lower expenses, and announced appointment of Vivek Anand as the group chief financial officer (CFO). The company's net profit stood at Rs 374.74 crore in the year-ago period. DLF shares trade mere 1.68% away from 52 week high of Rs 209.4.

  • 13:55 IST

    Market back in red zone after Nomura revises India's GDP growth projections

    Share market has turned bearish again, with Sensex declining 150 points after hitting all-time high of 40,741 today and Nifty falling back below 12,000 level after Nomura lowered India's 2019 GDP growth projections to 4.9% from 5.7% and lowered 2020 GDP growth projections to 6% from 6.9%, following Moody's outlook revision.

    Earlier in August 2019, Nomura had revised April-June quarter of this year to 5.7% amid contraction in consumption, weak investments and an under-performing service sector.


     

  • 13:55 IST: Share market has turned bearish again, with Sensex declining 150 points after hitting all-time high of 40,741 today and Nifty falling back below 12,000 level after Nomura lowered India's 2019 GDP growth projections to 4.9% from 5.7% and lowered 2020 GDP growth projections to 6% from 6.9%, following Moody's outlook revision.

    Earlier in August 2019, Nomura had revised April-June quarter of this year to 5.7% amid contraction in consumption, weak investments and an under-performing service sector.


     

  • 13:27 IST

    MSCI domestic and global index additions and deletions

    MSCI Global Standard Index, the world''s biggest index compiler has added eight companies and deleted six from the MSCI India Domestic Index (MSCI). Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement.

    Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India.

    MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include Glenmark, Indiabulls Housing, Vodafone Idea, and Yes Bank.

  • 13:27 IST: MSCI Global Standard Index, the world''s biggest index compiler has added eight companies and deleted six from the MSCI India Domestic Index (MSCI). Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement.

    Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India.

    MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include Glenmark, Indiabulls Housing, Vodafone Idea, and Yes Bank.

  • 13:18 IST

    Market turns bullish, indices at record high

    Share Market LIVE: Benchmark indices Sensex and Nifty turned bullish by the afternoon market hours on Friday, backed by heavy buying pressure in banking and realty stocks. While BSE Sensex has risen 87 points to hit an all-time high of 40,741 today, NSE Nifty50 has risen 16 points higher at 12,024 and currently trades at the high point of the day. ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the afternoon  trading hours today, while Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers.

  • 13:18 IST: Share Market LIVE: Benchmark indices Sensex and Nifty turned bullish by the afternoon market hours on Friday, backed by heavy buying pressure in banking and realty stocks. While BSE Sensex has risen 87 points to hit an all-time high of 40,741 today, NSE Nifty50 has risen 16 points higher at 12,024 and currently trades at the high point of the day. ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the afternoon  trading hours today, while Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers.

  • 13:01 IST

    Bharat Forge declines 4% post Q2 result



    Bharat Forge shares fell 4.34% intraday on Friday to Rs 449 despite the company reported 7.6% rise in its Q2 consolidated net profit to Rs 245 crore on a yearly basis. Company's EBITDA margin rose 25.4% year-on-year, while its EBITDA was down 32.6% year-on-year to Rs 320 crore.

    The company also declared an interim dividend at the rate of 75%, amounting to Rs 1.50 per share on 46 crore fully paid equity shares of Rs 2 apeice.

  • 13:01 IST:

    Bharat Forge shares fell 4.34% intraday on Friday to Rs 449 despite the company reported 7.6% rise in its Q2 consolidated net profit to Rs 245 crore on a yearly basis. Company's EBITDA margin rose 25.4% year-on-year, while its EBITDA was down 32.6% year-on-year to Rs 320 crore.

    The company also declared an interim dividend at the rate of 75%, amounting to Rs 1.50 per share on 46 crore fully paid equity shares of Rs 2 apeice.

  • 12:52 IST

    Market Update

    Share Market LIVE: Benchmark indices Sensex and Nifty traded marginally lower by Friday's afternoon trade after Moody's Investors Service lowered India's credit rating outlook citing concerns over the country's economic growth. While BSE Sensex has declined 11 points lower at 40,643, NSE Nifty50 trades 7 points lower at 12,004. Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers, while ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the early trading hours today.

  • 12:52 IST: Share Market LIVE: Benchmark indices Sensex and Nifty traded marginally lower by Friday's afternoon trade after Moody's Investors Service lowered India's credit rating outlook citing concerns over the country's economic growth. While BSE Sensex has declined 11 points lower at 40,643, NSE Nifty50 trades 7 points lower at 12,004. Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers, while ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the early trading hours today.

  • 12:30 IST

    Raymond shares rise nearly 19%

    Shares of Raymond soared 18.9% intraday to Rs 801.10 on the BSE in intra-day trade on Friday after the company announced demerger of its lifestyle business into a separate entity that will be listed through a mirror shareholding structure. Every shareholder of Raymond Ltd. will be issued shares of the new company in the ratio of 1:1.

    Furthermore, the Textiles sector company announced to use the entire net proceeds from  land sale of JK Investo Trade (India) Ltd (JKIT), an associate company, to repay debt thus deleveraging its Balance Sheet.

     

  • 12:30 IST: Shares of Raymond soared 18.9% intraday to Rs 801.10 on the BSE in intra-day trade on Friday after the company announced demerger of its lifestyle business into a separate entity that will be listed through a mirror shareholding structure. Every shareholder of Raymond Ltd. will be issued shares of the new company in the ratio of 1:1.

    Furthermore, the Textiles sector company announced to use the entire net proceeds from  land sale of JK Investo Trade (India) Ltd (JKIT), an associate company, to repay debt thus deleveraging its Balance Sheet.

     

  • 11:49 IST

    Gainers/Losers

    Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers, while ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the early trading hours today.

  • 11:49 IST: Infratel, Sun Pharma, GAIL, UPL Ltd, Hindustan Unilever were among the top losers, while ICICI Bank, YES Bank, IndusInd Bank, Mahindra and Mahindra and Eicher Motors were among the top gainers in the early trading hours today.

  • 11:45 IST

    Indraprastha Gas share price hits all-time high




    Shares of Indraprastha Gas (IGL) rose 8% to hit an all-time high after the company reported healthy 12% year-on-year (YoY) growth in sales during September quarter (Q2FY20). While company's compressed natural gas (CNG) sales volume increased by 10%, its piped natural gas (PNG) sales volumes rose 12% in Q2FY19.

    IGL share price hits all-time high on Q2 earnings, MSCI inclusion

  • 11:45 IST:


    Shares of Indraprastha Gas (IGL) rose 8% to hit an all-time high after the company reported healthy 12% year-on-year (YoY) growth in sales during September quarter (Q2FY20). While company's compressed natural gas (CNG) sales volume increased by 10%, its piped natural gas (PNG) sales volumes rose 12% in Q2FY19.

    IGL share price hits all-time high on Q2 earnings, MSCI inclusion

  • 11:19 IST

    Berger Paints shares decline 2.5% post result

    Shares of Berger Paints declined 2.5%to the intraday low of Rs 493.9 on the BSE today despite the company reporting a 67.1 % jump in its consolidated net profit to Rs 194.66 crore for the second-quarter ended September 30, 2019. The company had posted a consolidated net profit of Rs 116.46 crore in the year-ago period.

    Company's consolidated revenue from operations rose by 7.2 % to Rs 1,598.58 crore for the SEptember quarter.

  • 11:19 IST: Shares of Berger Paints declined 2.5%to the intraday low of Rs 493.9 on the BSE today despite the company reporting a 67.1 % jump in its consolidated net profit to Rs 194.66 crore for the second-quarter ended September 30, 2019. The company had posted a consolidated net profit of Rs 116.46 crore in the year-ago period.

    Company's consolidated revenue from operations rose by 7.2 % to Rs 1,598.58 crore for the SEptember quarter.

  • 11:10 IST

    Mindtree shares decline 1.15%

    Mindtree shares declined over 1% to Rs 698.75on the BSE after the technology major informed the exchanges that the Pradip Kumar Menon has resigned from the position of CFO. The company said Menon will be relieved from the services on November 15.

     

  • 11:10 IST: Mindtree shares declined over 1% to Rs 698.75on the BSE after the technology major informed the exchanges that the Pradip Kumar Menon has resigned from the position of CFO. The company said Menon will be relieved from the services on November 15.

     

  • 11:05 IST

    Sun Pharma shares decline nearly 4%

    Sun Pharma shares fell nearly 4% to Rs 425.50 on the BSE depite the healthcare major reported consolidated profit at Rs 1,065 crore during the July-September period, against loss of Rs 269.6 crore in the same period last fiscal.

    The healthcare firm's consolidated net sales grew 16.10 per cent to Rs 7,949.19 crore as against Rs 6,846.48 crore in the corresponding quarter.

    India sales, which accounted for 31.6 per cent of total consolidated sales, rose 35 per cent year-on-year (YoY) to Rs 2,515 crore in September quarter of this fiscal.

    Sun Pharma shares fell 3.39% to an intraday low of Rs 425.5 on the BSE.

    Yesterday, following Q2 earnings, shares of Sun Pharmaceutical Industries were trading 3.50 per cent higher at Rs 442.50 apiece on the Bombay Stock Exchange.

    Sun Pharma posts Rs 1,064 crore net profit in September quarter, India sales up 35%

  • 11:05 IST: Sun Pharma shares fell nearly 4% to Rs 425.50 on the BSE depite the healthcare major reported consolidated profit at Rs 1,065 crore during the July-September period, against loss of Rs 269.6 crore in the same period last fiscal.

    The healthcare firm's consolidated net sales grew 16.10 per cent to Rs 7,949.19 crore as against Rs 6,846.48 crore in the corresponding quarter.

    India sales, which accounted for 31.6 per cent of total consolidated sales, rose 35 per cent year-on-year (YoY) to Rs 2,515 crore in September quarter of this fiscal.

    Sun Pharma shares fell 3.39% to an intraday low of Rs 425.5 on the BSE.

    Yesterday, following Q2 earnings, shares of Sun Pharmaceutical Industries were trading 3.50 per cent higher at Rs 442.50 apiece on the Bombay Stock Exchange.

    Sun Pharma posts Rs 1,064 crore net profit in September quarter, India sales up 35%

  • 10:59 IST

    Sensex pack losers and gainers

    Top losers in the Sensex pack included Sun Pharma, HUL, Bharti Airtel, NTPC, PowerGrid and RIL, shedding up to 1.69 per cent.

    On the other hand, Yes Bank, ICICI Bank, IndusInd Bank, HCL Tech, M&M, Tata Motors and ONGC rose up to 2.26 per cent.

  • 10:59 IST: Top losers in the Sensex pack included Sun Pharma, HUL, Bharti Airtel, NTPC, PowerGrid and RIL, shedding up to 1.69 per cent.

    On the other hand, Yes Bank, ICICI Bank, IndusInd Bank, HCL Tech, M&M, Tata Motors and ONGC rose up to 2.26 per cent.

  • 10:56 IST

    Market Update

    Benchmark indices have fallen further lower in Friday's early market hours trade. While BSE Sensex has declined 150 points lower at 40,501, NSE Nifty50 trades 51 points lower at 11,959. Strength in banking, financial, auto and realty stocks supported the markets however weakness in pharma, media, IT and metal shares limited the gains.

     

  • 10:56 IST: Benchmark indices have fallen further lower in Friday's early market hours trade. While BSE Sensex has declined 150 points lower at 40,501, NSE Nifty50 trades 51 points lower at 11,959. Strength in banking, financial, auto and realty stocks supported the markets however weakness in pharma, media, IT and metal shares limited the gains.

     

  • 10:29 IST

    Rupee trades lower

    The Indian rupee opened on a cautious note and fell 30 paise to 71.27 against the US dollar in early trade on Friday after Moody's changed its India rating outlook to negative citing lower economic growth.

    At the interbank foreign exchange, the rupee opened at 71.26 then fell to 71.27 against the US dollar, showing a decline of 30 paise over its previous closing.

    The Indian rupee on Thursday had closed at 70.97 against the US dollar.

    Rupee vs Dollar: Rupee declines 30 paise to 71.27 per dollar as Moody's cuts India rating outlook to negative

  • 10:29 IST: The Indian rupee opened on a cautious note and fell 30 paise to 71.27 against the US dollar in early trade on Friday after Moody's changed its India rating outlook to negative citing lower economic growth.

    At the interbank foreign exchange, the rupee opened at 71.26 then fell to 71.27 against the US dollar, showing a decline of 30 paise over its previous closing.

    The Indian rupee on Thursday had closed at 70.97 against the US dollar.

    Rupee vs Dollar: Rupee declines 30 paise to 71.27 per dollar as Moody's cuts India rating outlook to negative

  • 10:27 IST

    RIL trades 1% lower

    Reliance Industries shares traded 1% lower to Rs 1,445.05 on Friday. The company in its recent filing said that its arm Reliance Strategic Business Ventures Limited (RSBVL) has increased its stake in US-based SkyTran Inc to 17.37%.

    RIL shares trade mere 2.78% away from 52 week high of Rs 1,489.5

     

  • 10:27 IST: Reliance Industries shares traded 1% lower to Rs 1,445.05 on Friday. The company in its recent filing said that its arm Reliance Strategic Business Ventures Limited (RSBVL) has increased its stake in US-based SkyTran Inc to 17.37%.

    RIL shares trade mere 2.78% away from 52 week high of Rs 1,489.5

     

  • 10:22 IST

    YES Bank rises nearly 5%

    YES Bank shares that traded 3.23% lower in the early trade recovered from losses and rose 4.59% to the intraday high of Rs 69.55 on the BSE today. The shares of the private lender turned negative post the company results. Although today the stock has outperformed the private banking sector by 2.28%, which has risen 0.05% intraday

     

  • 10:22 IST: YES Bank shares that traded 3.23% lower in the early trade recovered from losses and rose 4.59% to the intraday high of Rs 69.55 on the BSE today. The shares of the private lender turned negative post the company results. Although today the stock has outperformed the private banking sector by 2.28%, which has risen 0.05% intraday

     

  • 10:12 IST

    Bank of Baroda trades 1% higher ahead of results




    Shares of Bank of Baroda traded 1% higher at Rs 97.10 on the BSE, against the last closing value of Rs 96.10, ahead of lender's September quarterly results, scheduled to release today

  • 10:12 IST:


    Shares of Bank of Baroda traded 1% higher at Rs 97.10 on the BSE, against the last closing value of Rs 96.10, ahead of lender's September quarterly results, scheduled to release today

  • 09:54 IST

    DLF rises over 5% post Q2 result

    DLF shares rose 5.64% to Rs 203.3 on Friday after the realty major reported a 19% rise in consolidated net profit at Rs 445.85 crore for the September quarter of this fiscal year, mainly on lower expenses. The company aslo announced appointment of Vivek Anand as the group chief financial officer (CFO).

    DLF share today trade 3% away from 52 week high of Rs 209.4 on the BSE.

    Revenue, however, fell 15.82% to Rs 1,940.05 crore in the July-September quarter of 2019-20. The company has set a sales target of Rs2,700 crore for 2019-2020.

  • 09:54 IST: DLF shares rose 5.64% to Rs 203.3 on Friday after the realty major reported a 19% rise in consolidated net profit at Rs 445.85 crore for the September quarter of this fiscal year, mainly on lower expenses. The company aslo announced appointment of Vivek Anand as the group chief financial officer (CFO).

    DLF share today trade 3% away from 52 week high of Rs 209.4 on the BSE.

    Revenue, however, fell 15.82% to Rs 1,940.05 crore in the July-September quarter of 2019-20. The company has set a sales target of Rs2,700 crore for 2019-2020.

  • 09:48 IST

    Ministry of Finance responds to Moody's change in outlook


    Ministry of Finance responded to Moody's Investor Service outlook on Friday.

    "The Government has undertaken series of financial sector and other reforms to strengthen the economy as a whole. Government of India has also proactively taken policy decisions in response to the global slowdown. These measures would lead to a positive outlook on India and would attract capital flows and stimulate investments," the Ministry of Finance said.

    The fundamentals of the economy remain quite robust with inflation under check and bond yields low. India continues to offer strong prospects of growth in near and medium term."
     

  • 09:48 IST:
    Ministry of Finance responded to Moody's Investor Service outlook on Friday.

    "The Government has undertaken series of financial sector and other reforms to strengthen the economy as a whole. Government of India has also proactively taken policy decisions in response to the global slowdown. These measures would lead to a positive outlook on India and would attract capital flows and stimulate investments," the Ministry of Finance said.

    The fundamentals of the economy remain quite robust with inflation under check and bond yields low. India continues to offer strong prospects of growth in near and medium term."
     

  • 09:39 IST

    Market Update

    Currently Sensex trades 100 points lower at 40,561, while Nifty50 is trading 26 points lower at 11,985.

  • 09:39 IST: Currently Sensex trades 100 points lower at 40,561, while Nifty50 is trading 26 points lower at 11,985.

  • 09:37 IST

    Markets in red after Moody's change outlook for India

    Equity market that traded at record high levels in the Equity market that traded at record high levels in the week, has turned bearish today after Moody's Investors Service lowered India's outlook to 'negative' from 'stable' , as it estimated that the country's growth slowdown is in part long-lasting, reflecting government and policy ineffectiveness in addressing economic weakness.

    India's economy grew only 5% year-on-year between April and June, its weakest pace since 2013, as consumer demand and government spending slowed amid global trade frictions, the rating agency said.
     

  • 09:37 IST: Equity market that traded at record high levels in the Equity market that traded at record high levels in the week, has turned bearish today after Moody's Investors Service lowered India's outlook to 'negative' from 'stable' , as it estimated that the country's growth slowdown is in part long-lasting, reflecting government and policy ineffectiveness in addressing economic weakness.

    India's economy grew only 5% year-on-year between April and June, its weakest pace since 2013, as consumer demand and government spending slowed amid global trade frictions, the rating agency said.
     

  • 09:29 IST

    Market turns negative

    Sensex Today : Benchmark indices Sensex and Nifty turned bearish by the opening bell, bakced by banking, pharma and metal stocks. Sensex opened 23 points lower at 40,630.56 level against the previous closing value of 40,653.74. Nity too started the day marginally  lower at 11,987.15 compared to last close of 12,016. On the sectoral front, most sectoral indices trade bearish with all banking and financial sector stocks declining, coupled with marginal declines registered in pharma and metal scrips.

  • 09:29 IST: Sensex Today : Benchmark indices Sensex and Nifty turned bearish by the opening bell, bakced by banking, pharma and metal stocks. Sensex opened 23 points lower at 40,630.56 level against the previous closing value of 40,653.74. Nity too started the day marginally  lower at 11,987.15 compared to last close of 12,016. On the sectoral front, most sectoral indices trade bearish with all banking and financial sector stocks declining, coupled with marginal declines registered in pharma and metal scrips.

  • 09:03 IST

    Pre-Open Session

    Sensex trades 77 points higher in the pre-open session to 40,731 level on Friday against the previous close of 40,653, while Nifty50 has traded 46 points higher to 12,012 level compared to previous close fo 12,016.

     

  • 09:03 IST: Sensex trades 77 points higher in the pre-open session to 40,731 level on Friday against the previous close of 40,653, while Nifty50 has traded 46 points higher to 12,012 level compared to previous close fo 12,016.

     

  • 08:59 IST

    Moody's lowers India's outlook to 'negative'

    Moody's Investors Service on Friday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past.

    The outlook partly reflects government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden from already high levels, the ratings agency said.

    Moody's lowers India's outlook to 'negative' from 'stable'

  • 08:59 IST:

    Moody's Investors Service on Friday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past.

    The outlook partly reflects government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden from already high levels, the ratings agency said.

    Moody's lowers India's outlook to 'negative' from 'stable'

  • 08:57 IST

    BPCL Q2 profit jumps 40% to Rs 1,708 crore

    State-owned Bharat Petroleum Corporation Limited (BPCL) on Thursday reported 40.18 per cent year-on-year (YoY) jump in its net profit at Rs 1,708.45 crore for the second quarter ended September 30, 2019, aided by tax reversal of Rs 580.3 crore based on "favourable judgments from Income Tax Appellate Authorities over multiple issues". On the quarter-on-quarter basis, the profit grew 55 per cent compared to Rs 1,075.12 crore in the June quarter.

    BPCL Q2 profit jumps 40% to Rs 1,708 crore on tax reversal; revenue slips 9%

  • 08:57 IST:

    State-owned Bharat Petroleum Corporation Limited (BPCL) on Thursday reported 40.18 per cent year-on-year (YoY) jump in its net profit at Rs 1,708.45 crore for the second quarter ended September 30, 2019, aided by tax reversal of Rs 580.3 crore based on "favourable judgments from Income Tax Appellate Authorities over multiple issues". On the quarter-on-quarter basis, the profit grew 55 per cent compared to Rs 1,075.12 crore in the June quarter.

    BPCL Q2 profit jumps 40% to Rs 1,708 crore on tax reversal; revenue slips 9%

  • 08:56 IST

    Global equities trade at record high levels



    World stocks rallied to near record highs on Friday as investors cheered signs of progress in U.S.-China trade talks. European shares rose for a fifth straight session on Thursday to hit fresh four year highs. In the European market, Germany’s DAX Index increased 0.8% to 13,289.46, hitting the highest in more than 21 months with its fifth consecutive advance.

    Asian market like Nikkei Index gained 0.4% while Taiwan and China Index declined marginally.

    MSCI’s gauge of stocks across the globe rose slightly to stand at 543.70, just a hair off the record high of 550.63 reached in January 2018. The MSCI Emerging Market Index climbed 0.5% to 1,074.08, the highest in about six months after BOE kept unchanged interest rate at 0.75%.

    Sensex, Nifty scale new high: Five factors that fuelled market rally

  • 08:56 IST:

    World stocks rallied to near record highs on Friday as investors cheered signs of progress in U.S.-China trade talks. European shares rose for a fifth straight session on Thursday to hit fresh four year highs. In the European market, Germany’s DAX Index increased 0.8% to 13,289.46, hitting the highest in more than 21 months with its fifth consecutive advance.

    Asian market like Nikkei Index gained 0.4% while Taiwan and China Index declined marginally.

    MSCI’s gauge of stocks across the globe rose slightly to stand at 543.70, just a hair off the record high of 550.63 reached in January 2018. The MSCI Emerging Market Index climbed 0.5% to 1,074.08, the highest in about six months after BOE kept unchanged interest rate at 0.75%.

    Sensex, Nifty scale new high: Five factors that fuelled market rally

  • 08:53 IST

    US-China trade deal developments

    China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump .

    A U.S. official, speaking on condition of anonymity, confirmed the rollback would be part of the first phase of a trade agreement that is still being put to paper for Trump and President Xi Jinping to sign.

    (Reuters)

  • 08:53 IST: China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump .

    A U.S. official, speaking on condition of anonymity, confirmed the rollback would be part of the first phase of a trade agreement that is still being put to paper for Trump and President Xi Jinping to sign.

    (Reuters)

  • 08:49 IST

    Mindtree CFO resigns

    Mindtree announced after market hours onThursday that Pradip Kumar Menon has resigned as CFO of the company.

  • 08:49 IST: Mindtree announced after market hours onThursday that Pradip Kumar Menon has resigned as CFO of the company.

  • 08:48 IST

    Earnings Today

    Eicher Motors, Allahabad Bank, MRF, Bharat Forge, M&M, Ashok Leyland,CRISIL, Bank Of Baroda,GAIL , Religare Enterprises, Sical Logistics, IDFC, IDBI Bank, Inox Wind, Tata Communications, Tata Power, Birlasoft Ltd, Rico Auto, Allcargo Logistics, Capacite Infraprojects, Century Plyboards, Chambal Fertilisers, Dredging Corporation, Equitas Holdings, Himatsingka Seide, KEC International,  Sobha, Subex,  Matrimony.com Ltd, Max India Ltd, NLC India, Triveni Engineering, BSL Ltd, Music Broadcast among other are the top listed companies to post their September qusrter results today, data available with the BSE shows.

  • 08:48 IST: Eicher Motors, Allahabad Bank, MRF, Bharat Forge, M&M, Ashok Leyland,CRISIL, Bank Of Baroda,GAIL , Religare Enterprises, Sical Logistics, IDFC, IDBI Bank, Inox Wind, Tata Communications, Tata Power, Birlasoft Ltd, Rico Auto, Allcargo Logistics, Capacite Infraprojects, Century Plyboards, Chambal Fertilisers, Dredging Corporation, Equitas Holdings, Himatsingka Seide, KEC International,  Sobha, Subex,  Matrimony.com Ltd, Max India Ltd, NLC India, Triveni Engineering, BSL Ltd, Music Broadcast among other are the top listed companies to post their September qusrter results today, data available with the BSE shows.

  • 08:41 IST

    Trade on Thursday

    Sensex on Thursday breached its previous high level of 40,676 to hit fresh high of 40,688 mark. Nifty made an intraday high to 12,021.40 level, trading 81 points away from the 52-week high of 12,103.05.

    While Sensex made its highest closing at 40,653, Nifty ended above 12K mark at 12,016 for the first time after June 2019, backed by gains in industry heavyweight HDFC.

    Sensex ends at all-time high of 40,653, Nifty above 12K

  • 08:41 IST: Sensex on Thursday breached its previous high level of 40,676 to hit fresh high of 40,688 mark. Nifty made an intraday high to 12,021.40 level, trading 81 points away from the 52-week high of 12,103.05.

    While Sensex made its highest closing at 40,653, Nifty ended above 12K mark at 12,016 for the first time after June 2019, backed by gains in industry heavyweight HDFC.

    Sensex ends at all-time high of 40,653, Nifty above 12K

  • 08:39 IST

    DII remains bearish, FII stays Bullish

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained positive with net buying logged at Rs 926.60 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 635.59 crore on Thursday.

  • 08:39 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained positive with net buying logged at Rs 926.60 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 635.59 crore on Thursday.

  • 08:34 IST

    Last Close

    On Thursday, benchmark indices Sensex and Nifty closed on record high levels, backed by strong global equities after China said it agreed with the U.S. to roll back tariffs. After hitting another fresh high of 40,688 level, BSE Sensex today closed 183 points higher at 40,653, while NSE Nifty ended the day's trade 50 points higher at 12,016 mark. NSE Nifty made an intraday high of 12,021, mere 81 points away from the 52-week high of 12,103.05.

    Sensex Today: Sensex closes at all-time high of 40,653, Nifty at 12,016, Sun Pharma, IndusInd Bank, Bharti Infratel top gainers

  • 08:34 IST: On Thursday, benchmark indices Sensex and Nifty closed on record high levels, backed by strong global equities after China said it agreed with the U.S. to roll back tariffs. After hitting another fresh high of 40,688 level, BSE Sensex today closed 183 points higher at 40,653, while NSE Nifty ended the day's trade 50 points higher at 12,016 mark. NSE Nifty made an intraday high of 12,021, mere 81 points away from the 52-week high of 12,103.05.

    Sensex Today: Sensex closes at all-time high of 40,653, Nifty at 12,016, Sun Pharma, IndusInd Bank, Bharti Infratel top gainers