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Equity benchmark indices extended previous day's losses with the Sensex falling more than 100 points following correction in global peers on political turmoil in Italy. Banking, auto, metal and financials stocks dragged the indices lower. At 11:27 AM, the BSE Sensex was trading at 34,722, down by 177 points, while the Nifty50 index was trading at 10,573, down 60 points. BSE Midcap was up by 0.08%, while BSE Smallcap indices was down 0.04%. Shares of IOC, HPCL and BPCL fell in the range of 1-2% after cut in fuel prices. Shares of Manpasand Beverages hit 10% lower circuit. The stock has been falling for the last three sessions and has plunged as much as 42% after it informed the stock exchanges that its auditor — Deloitte Haskins & Sells resigned just four days before the board was to approve its quarterly results. Shares of Glenmark Pharma dropped 3%. The company’s consolidated revenue for Q4FY18 declined by 7.2% yoy to Rs2,279.8cr. Its net profit decreas...

Benchmark equity indices remained under pressure, with the Nifty falling below the 10,500 levels following weakness in global stocks. Metals, oil stocks and HDFC twins pulled the market lower, but SBI, ICICI Bank, Tata Motors and technology stocks capped losses. Shares of Vedanta extended decline after Madras High Court halted Sterlite Copper's expansion plan in Tuticorin, Tamil Nadu. At 1:37 PM, the BSE Sensex was down 87 points at 35,574, and the Nifty was down 43 points at 10,494. State Bank of India stock rallied 5% after the bank posted its Q4FY18 numbers. The bank’s revenue has improved by 18.6% yoy to Rs68,436cr. Its NII for the quarter came at Rs19,974cr as against Rs21,065cr yoy. Shares of Minda Industries Limited (MIL) stock surged 8% after it reported a power-packed performance for Q4FY18. The company surpassed consensus estimate on all three counts – revenue, EBITDA and PAT. In the broader market, the BSE Midcap was marginally higher by 0.23%...

The Nifty50 has again slipped below the 10,500 zone, immediate support is now seen around the 10,475 mark which is the 100-DEMA for the index. Equity benchmark indices are trading in a negative zone, as losses were led by metal stocks, with the Nifty Metal trading 1.4% lower. The losses were capped as IT shares moved higher after rupee hit fresh 16-month low against the US Dollar. Shares of SBI jumped 5% to lead the pack of banking stocks, which curbed the downside in the indices. At 11:07 AM, the BSE Sensex was down 55 points at 35,596, and the Nifty was down 38 points at 10,498. In the broader market, the BSE Midcap was marginally higher by 0.35%, while the BSE Smallcap was marginally up by 0.32%. Out of 2,031 stocks traded on the NSE, 937 advanced, 625 declined and 469 remained unchanged today. SBI (+5%), Cipla (+3%), HCL Tech (+1.4%), Indiabulls HF (+1.3%) and Tata Motors (+1%) were the top gainers on the NSE. Vedanta (-4%), Dr.Reddy’s (-2.3%), Tata ...

Benchmark indices started off trade on a flat note, tracking mixed trend seen in Asian stocks. Losses were seen in Infosys, SBI, M&M and ICICI Bank. At 10:23 AM, the BSE Sensex at 34,707 was up by 91 points, while NSE Nifty at 10,549 was higher by 33 points. However, both BSE Midcap and the BSE Smallcap were higher by 0.45% and 0.52%, respectively. Dr. Reddy’s (+1.9%), ONGC (+1.2%), Bajaj Finance (+0.97%), Bajaj Auto (+0.90%) and L&T (+0.62%) were the top gainers. Grasim (-2.1%), UltraTech (-1.9%), M&M (-1.3%), Hero MotoCorp (-1.4%) and Bharti Airtel (-1.1%) were the top losers.  Out of 2,020 stocks traded on the NSE, 636 advanced, 895 declined and 489 remained unchanged today. The Buildings & Factories business of L&T Construction has bagged orders worth Rs4,033cr. Stock advanced 0.62%. Petrol and diesel prices continued to rise for the ninth straight day and touched new records after the state-run oil marketers increased rates in li...

The Nifty50 lost further ground and is heading straight towards the 10,500 psychological mark. Its immediate support is also seen around the 10,475 its 100-DEMA. Bank Nifty, on the other hand, has broken below its 21-DEMA indicating weakness. Immediate support is now seen at its 50-DEMA of 25,460 levels. At 1:40 PM, the Sensex was trading at 34,710, down 128 points, while the broader Nifty50 was ruling at 10,535, down 61 points. All sectoral indices are in the red, barring IT and PSU Bank. Shares of Ashok Leyland declined as much as 8% on Monday after the company reported lower-than-expected numbers for Q4FY18. The company's standalone net profit in the fourth quarter of the financial year 2017-2018 declined 18% yoy to Rs661cr. The Nifty IT Index is trading higher in an otherwise subdued market.  Shares of MindTree, TCS and HCL Tech were trading up in the range of 1-2%. Shares of Century Textiles & Industries (CTIL) stock hit a 52-week low on the NSE. The co...

खबरों के कारण जो शेयर आज नजर में रहेंगे उनमें भूषण स्टील, डीएलएफ, टीसीएस, इंडियाबुल्स रियल एस्टेट और मनप्पुरम फाइनेंस शामिल हैं।तिमाही नतीजे – डीएलएफ, एक्शन कंस्ट्रक्शन इक्विपमेंट, हत्सुन एग्रो प्रोडक्ट, आईएल एंड एफएस ट्रांसपोर्टेशन नेटवर्क्स, जस्ट डायल, पेट्रोनेट एलएनजी, टीटीके प्रेस्टिज, यूकेएल ईंधन सिस्टम डालमिया भारत :–  कंपनी का तिमाही मुनाफा 2.6% घट कर 209 करोड़ रुपये रह गया। भूषण स्टील :– टाटा स्टील ने भूषण स्टील के वित्तीय लेनदारों को 35,200 करोड़ रुपये का भुगतान करके कंपनी को खरीद लिया है। साउथ इंडिया बैंक :– आरबीआई ने बैंक पर 5 करोड़ रुपये का जुर्माना लगाया। टाटा केमिकल्स :– टाटा केमिकल्स का मुनाफा 23% की जोरदार बढ़त के साथ 356 करोड़ रुपये रहा। एयू स्मॉल फाइनेंस बैंक :– इक्विटी की बिक्री के जरिये 1,000 करोड़ रुपये जुटायेगा। इंडियाबुल्स रियल एस्टेट :– बोर्ड ने 624 करोड़ रुपये के शेयरों की वापस खरीदारी को मंजूरी दी। इमामी :– सेबी ने इमामी के सात वर्तमान और पूर्व प्रमोटरों को अंदरूनी व्यापार शुल्क से दोषमुक्त कर दिया है। मनप्पुरम फाइनेंस :– कंपनी का ज...

Benchmark indices pared its opening gains within minutes on Monday as investors reacted to power change in Karnataka after Bhartiya Janta Party failed to win confidence vote in the Parliament. A positive trend in global markets, however, capped the losses. Century Textiles & Industries (CTIL) stock fell 6% after the company announced to demerge its cement business (13.4MTPA) and merge it with UltraTech, as the company looks at debt reduction and focus more on its real estate business. CTIL aims at unlocking the value of cement business for the shareholders and deleveraging of the balance sheet. At 11:32 AM, the Sensex was trading at 34,735, down 113 points, while the broader Nifty50 was ruling at 10,552, down 44 points. In the broader market, the BSE Midcap and the BSE Smallcap indices underperformed to lose 0.41% and 0.35%, respectively. Strides Shasun stock declined 5% after it reported 2% yoy decline in the revenue to Rs664.2cr. Also, the brokerages downgraded th...

Benchmark indices pared its opening gains within minutes on Monday as investors reacted to power change in Karnataka after Bhartiya Janta Party failed to win confidence vote in the Parliament. A positive trend in global markets, however, capped the losses. Century Textiles & Industries (CTIL) stock fell 6% after the company announced to demerge its cement business (13.4MTPA) and merge it with UltraTech, as the company looks at debt reduction and focus more on its real estate business. CTIL aims at unlocking the value of cement business for the shareholders and deleveraging of the balance sheet. At 10:32 AM, the Sensex was trading at 34,802, down 44 points, while the broader Nifty50 was ruling at 10,584, down11 points. In the broader market, the BSE Midcap and the BSE Smallcap indices underperformed to lose 0.41% and 0.35%, respectively. Strides Shasun stock declined 5% after it reported 2% yoy decline in the revenue to Rs664.2cr. Also, the brokerages downgraded thei...

The Nifty lost further ground on the back of ongoing developments in Karnataka. However, it's approaching its important support of 10,600 levels. Bank Nifty too slipped further approaching its support of 21-DEMA of 25,800 levels. On the political front, Hearing Congress-JD(S) plea against Karnataka Governor inviting BJP to form the government, the Supreme Court ordered for a floor test to be conducted tomorrow in Karnataka assembly at 4 PM. All sectoral indices are in the red barring FMCG, with the PSU Bank and Pharma indices losing 0.90% each. Shares of Bajaj Finance gained 1.5% after the company’s net profit was higher due to superior asset quality performance, which led to lower provisions. Shares of Avenue Supermarts slipped over 6%. Promoter Radhakishan Damani will sell up to 1% stake in open market. Shares of Voltas dropped 7% after poor March quarter numbers. Net profit during the quarter decreased by 2.4% yoy to Rs195.6cr as compared to Rs200.3cr in ...