The Indian rupee opened lower by 10 paise at 71.91/$ on Friday vs. its previous close 71.81 against the greenback.
The Indian rupee on Thursday fell to an 8-month low of 71.81/$, falling 26 paise owing to very weak equities and sustained foreign fund outflows.
The local unit a[...] Read More
Market Opens: It is a weak start for the Indian indices on August 23 with Nifty breaches 10,700 for the first time since Feb 2019, while Sensex also trading at 5-month low
At 09:16 hrs IST, the Sensex is down 259.50 points or 0.71% at 36213.43, and the Nifty down 78.10 [...] Read More
Fidelity Management to sell stake in LIC Housing Finance, the book size at $200 million. (CNBC-TV18 sources)
Coffee Day Enterprises clarifies that reports of ITC considering buying a stake in the company are incorrect.
NMDC cut iron ore lump, fines prices by Rs200/tonne from August [...] Read More
Benchmark indices made a weak start on Thursday. The Sensex is down 116 points at 36,943, while the Nifty is down 38 points at 10,880. (at 9.24 AM)
Sectorally, Nifty Metal & Realty are the top losers, falling 1.14% and ~5%, respectively.
The Realty index's plunge is being le[...] Read More
The INR opened higher by 25 paise today at 71.45 per USD.
This was after the rupee hit a fresh 6-month of 71.70/$ over economic uncertainties.
Investors remained risk-averse owing to the economic slowdown, foreign fund outflows, and weak emerging market currencies.
Mark[...] Read More
Equity benchmark indices opened in the negative territory on Wednesday tracking global cues. Investors will also follow the release of the minutes of the Reserve Bank of India's Monetary Policy meeting later in the day.
Currently, the Sensex is trading 82 points lower at 37,246, whi[...] Read More
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Mumbai: The Indian rupee on Tuesday weakened further to hit over six m[...] Read More
Benchmark indices opened flat on Tuesday.
The Sensex is currently up 95 points at 37,497, while the Nifty was up 16 points at 11,070 (9.39 AM).
Infosys, Zee Entertainment, and Hero MotoCorp were the top gainers, while Britannia, Yes Bank, and JSW Steel were the top losers.
YES Bank pursuant to the allotment of its equity shares on August 15, 2019, has raised Rs1,930cr through the Qualified Institution Placement (QIP) route. The QIP opened on August 08, 2019 and closed on August 14, 2019.
The Bank allotted 23.1cr equity shares of face value of Rs2 each to eli[...] Read More
Shares of IDBI Bank sank ~10% in early trade today.
The bank posted its Q1FY20 earnings on Wednesday, August 14, 2019.
Its consolidated net loss widened to Rs3,821cr vs. net loss of Rs2,383cr in the year-ago quarter.
The total net interest income came in at Rs1,466cr. Income [...] Read More
The Indian rupee opened at 71.36 against the US dollar, down by 9 paise vs. Wednesday's close of 71.27/$.
The fall was mainly on the back of weak equities and fears of fiscal slippage by the government.
The government is planning a slew of measures to combat the slowdown such as[...] Read More
Glenmark Pharma posted its Q1FY20 results on Tuesday post market hours.
The pharma major's consolidated net profit came in at Rs109.28cr for the first quarter ended June 30, 2019 vs. Rs232.99cr in the same period of previous year.
The figures are not comparable as the last finan[...] Read More
Market Opens: It is a positive start for the Indian Indices with Nifty above 10,950 level.
The Sensex is up 87.71 points or 0.24% at 37045.87, and the Nifty up 24.70 points or 0.23% at 10950.60. About 479 shares have advanced, 301 shares declined, and 21 shares are unch[...] Read More
SpiceJet reports its highest?ever quarterly profit of Rs261.7cr
Operating revenues were at Rs3,002.1cr against Rs2,220.4cr for the corresponding quarter last year.
SpiceJet is off to a great start for the Financial Year 2020 a[...] Read More
Financial stocks surge led by Indiabulls Housing Finance, M&M Financial
Indiabulls Housing Finance surged 11.5%, M&M Fin, Indiabulls Ventures and Bajaj Finance and HDFC were also trading in the positive zone.
Shares of banking and financial stocks rose in Friday’[...] Read More
Pfizer up 1.5% on reporting ~23% yoy increase in PAT for Q1FY20
Shares of Pfizer Ltd. are up over 1.5% after the pharma major reported its Q1FY20 earnings.
The company's PAT rose 22.8% yoy to Rs112.8cr.
Revenue was up 6.1% yoy at Rs544.4cr.[...] Read More
Rupee surges 19 paise against US Dollar
Media reports suggested that foreign investors and finance ministry officials would meet today regarding higher tax surcharge.
The Indian rupee opened higher for the second straight day on Friday tracking gains in domestic markets. The d[...] Read More
M&M down 0.6% on notifying no production days for Q2FY20
Mahindra & Mahindra is trading down 0.65% on announcing its no production days in a filing on the NSE.
The company released a filing saying, "The Company at its Automotive Sector, and Mahind[...] Read More
Nifty around 11,100, Sensex gains 200 pts; Indiabulls Housing up 7%.
Market Opens: Benchmark indices opened on a positive note on August 9 with Nifty above 11,050 level.
The Sensex is up 141.42 points at 37468.78, while Nifty is up 49.40 points at 11081.90. About 48[...] Read More
Previous Close : 11,032.45
OPEN @ 11,087.90 (+55.45)
Previous Close : 37,327.36
OPEN @ 37,521.30 (+193.94)
BANK NIFTY -
Previous Close : 28,110.45
OPEN @ 28,293.65 (+1[...] Read More
UltraTech Cement consensus estimates for Q1FY20E:
Revenue – Rs10,522cr, up 18.5% yoy; led by ~16% yoy volume growth (aided by the acquired assets of Binani Cement).
EBITDA – Rs 2,019cr, up 18.6 yoy. Led by higher volume growth and benign fuel cost.
EBITDA Margin &[...] Read More
Market Opens: It is a positive start for the Indian indices on August 8 with Nifty around 10,900.
The Sensex is up 173.11 points at 36863.61, while Nifty is up 47.20 points at 10902.70. About 363 shares have advanced, 165 shares declined, and 18 shares are unchanged. [...] Read More
Previous Close : 10,855.50
OPEN @ 10,899.20 (+43.7)
Previous Close : 36,690.50
OPEN @ 36,808.01 (+117.51)
BANK NIFTY -
Previous Close : 27,702.05
OPEN @ 27,840.10 (+13[...] Read More
Sensex gains 100 points, nifty above 10,900; auto, metal stocks in focus.
Market Opens: In the opening session, Indian indices traded positively with marginal gains amid weak worldwide signals.
The Sensex is up 41.29 points at 36741.13 at 09:17 hrs IST, while Nifty [...] Read More
Previous Close : 10,862.60
OPEN @ 10,815.40 (-47.2)
Previous Close : 36,699.84
OPEN @ 36,568.03 (-131.81)
BANK NIFTY -
Previous Close : 27,648.05
OPEN @ 27,518.50 (-12[...] Read More
Sensex falls below 11,050 pts ; Wipro, Bharti Infratel gain.
Market opens: Market began with Nifty around 11,050 on a weak note on August 1st. The Sensex is down 212.12 points at 37.269.00 at 09:17 hrs IST, while Nifty is down 63.40 at 11054.60. Approximately 204 shares ha[...] Read More
Previous Close : 11,118.00
OPEN @ 11,060.20 (-57.8)
Previous Close : 37,481.12
OPEN @ 37,387.18 (-93.94)
BANK NIFTY -
Previous Close : 28,876.00
OPEN @ 28,660.50 (-215[...] Read More
Sensex falls by about 11,050 pts ; Coffee Day falls by 20 percent
Market Opens: On July 31 with Nifty trading below 11,050, it's a weak market beginning. The Sensex is down 208.10 points at 37,189.14 at 09:18 hrs IST, while Nifty is down 65,60 at 11,019.80 points. Appr[...] Read More
Previous Close : 11,085.40
OPEN @ 11,034.05 (-51.35)
Previous Close : 37,397.24
OPEN @ 37,257.55 (-139.69)
BANK NIFTY -
Previous Close : 28,791.60
OPEN @ 28,575.45 (-2[...] Read More
Mumbai: Monday's 10-year government bond yield dropped nearly 8 basis points after Finance Minister Nirmala Sitharaman said a rate cut would assist the economy and the government's proposal to issue any sovereign debt abroad is being reviewed.
The yield on the 1[...] Read More
Mumbai: Vodafone Idea Ltd's shares on Monday fell almost 29 percent to record low after the firm recorded a wider net loss than anticipated for the June quarter. This was the fourth straight quarter when a loss was reported by the company.
The inventory reached an all-[...] Read More
Friday's Indian rupee marginally weakened in its Asian colleagues against the US dollar monitoring losses. The Indian currency was opening a dollar at 69.13. The national currency traded at 9.12 am at 69.12, down 0.11 percent from its prior 69.04 close. Government bond returns grew in six out[...] Read More
Things for Tata Motors Ltd seem to go from poor to worse.
Plunging revenues across worldwide markets, rising losses, rising capital spending, and high debt, along with a series of downgrades in ratings, have overshadowed investor hopes of an FY20 enhancement.
Although the w[...] Read More
Nifty around 11,350, 250 points for Sensex ; 3% for ICICI Prudential.
Market Opens: The benchmark indices on July 25 with Nifty around 11,300 are a favorable beginning.
The Sensex is up 149.11 points or 0.39 percent at 37996.76 at 09:20 hrs IST, and the Nifty [...] Read More
Previous Close : 11,271.30
OPEN @ 11,290.40 (+19.1)
Previous Close : 37,847.65
OPEN @ 37,935.02 (+87.37)
BANK NIFTY -
Previous Close : 28,952.25
OPEN @ 28,981.05 (-28.[...] Read More
Mumbai: Tuesday's Indian rupee marginally weakened against the US dollar monitoring losses in its local equity and colleagues from Asia.
The home currency opened a dollar at 68.98. The currency traded at 69.02 at 9.15 am, down 0.12% from its prior 68.92 close.[...] Read More
In Indian markets, gold prices today decreased in tandem with a decline in worldwide rates. On MCX, gold futures in August were down 0.55% at 34.939, while contracts in October were down 0.6% to some 0.35.506. There was also a sharp drop in tracking gold, silver prices. Silver agreements on MCX f[...] Read More
Nifty below 11,350, flat Sensex ; top gainer Infosys, under pressure pharmaceutical stocks
Market opens: Indian indices trading flat with Nifty above 11,350 level after a favorable beginning on July 23. At 38,059.30, the Sensex is up 28.17 points, while at 11,356.20, Nifty is up 10 poin[...] Read More
Previous Close : 11,346.20
OPEN @ 11,372.30 (+26.1)
Previous Close : 38,031.13
OPEN @ 38,138.60 (+107.47)
BANK NIFTY -
Previous Close : 29,284.95
OPEN @ 29,342.50 (+57[...] Read More
Singapore / Tokyo: Monday's oil prices soared due to worries that Iran's seizure of a British tanker last week could lead to supply disruptions in Western Asia and after Libya reported shutting down its biggest oil field.
Brent crude futures grew by 0404 GMT to 85 cents, or 1.4%[...] Read More
Together with Asian currencies, the Indian rupee declined as a better dollar weighed after this month's Federal Reserve scaled back bets for a half-point rate cut.
The currency opened at $68.91 a.m., the rupee traded at $69.05 a.m., down 0.34 percent from its prior 68.81 close.
[...] Read More
MUMBAI: RBL Bank Ltd's shares dropped on Friday 13.7 percent after management warned its corporate credit book for the next two-quarters of hazards. This despite the bank reporting an increase in net profit of 41 percent for the quarter ended June.
In announcing its[...] Read More
MUMBAI: On Friday, inventory markets fell over 1% in a budget overhang as overseas investors appeared disappointed with the government's position on taxing the super-rich, while corporate income continued to signal a slowdown in the economy in the June quarter.
The Sen[...] Read More
Today's gold prices have risen to record peaks in Indian markets, reflecting a steady worldwide trend. Gold prices hit a new high on MCX, after contracts in August rose 0.65 percent to just over 35.409 per 10 grams. Similarly, gold contracts in October approached upper 36,000 marks when they [...] Read More
Mumbai: On Friday, the rupee reinforced against the US dollar, with the US Federal Reserve's traders expecting a more aggressive policy relief.
The rupee traded at 02:08 am at 69.86 a dollar, up 0.15% from its prior 69.96 close. The currency opened a dollar at 69.77[...] Read More
After a two-day rally, benchmark indices opened flat as traders were waiting for more corporate income. At 39,137.98, the BSE Sensex was up 6.94 points and the Nifty dropped 1.50 points to 11,661.10.
Shares in KNR Constructions rallied 4 percent intraday after Navayuga Engineering received[...] Read More
Previous Close : 11,662.60
OPEN @ 11,670.75 (+8.15)
Previous Close : 39,131.04
OPEN @ 39,171.10 (+40.06)
BANK NIFTY -
Previous Close : 30,570.80
OPEN @ 30,622.25&[...] Read More
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Budget live Update 2019:
Market opens: it's a flat beginning for the Indian indices on July 4 ahead of the July 5 Union budget.
The Sensex is up 66.64 points at 39905.89 at 09:17 hrs IST, while Nift[...] Read More
The stock has rallied 15 percent in the last five trading sessions. It was quoting at Rs 309, up Rs 13.90, or 4.71 percent on the BSE at 1053 hours IST.
"We find the stock deeply undervalued as it trades at 14x FY21E EPS – a 23 percent discount to its five-ye[...] Read More
Market Opens: It is weak start for the Indian indices on June 12 with Nifty below 11,950 level
At 09:16 hrs IST, the Sensex is down 141.89 points at 39808.57, while Nifty is down 45.10 points at 11,920.50. About 230 shares have advanced, 430 shares[...] Read More
Stock market came under heavy selling pressure on Thursday, even as the Reserve Bank of India (RBI) slashed the repo rate by 25 bps (basis points), as expected by markets in its June policy meet.
Frontline index S&P BSE Sensex plunged[...] Read More
Market Close: It is strong close for the May F&O series on Thursday with Nifty finished near 11,950 level.
At close, the Sensex was up 329.92 points at 39,831.97, while Nifty was up 84.80 points at 11,945.90. About 1236 shares have advanced, 1301 shares d[...] Read More
Market Opens: Benchmark indices opened lower on May 29 with Nifty around 11,900 level.At 09:17 hrs IST, the Sensex is down 47.14 points at 39702.59, while Nifty is down 11.50 points at 11917.30. About 418 shares have advanced, 418 shares declined, and 29 shares are unc[...] Read More
D-Street experts say Monday’s really just the beginning if exit poll results hold true
Today Market Event
HCL Technologies Ltd
Bajaj Finance LtdRead More
During the week under review, the Nifty index despite slipping below its psychological level of 11,700 levels it managed to rebound at a later session. The Nifty index closed weekly session at 11,712.25 levels, down by about 0.4 percent on a weekly basis.
The Nifty index formed a small [...] Read More
Market Close: It was flat close on May 3 after benchmark indices gave all its intraday gains in the final hour of trading.
At close, the Sensex was down 18.17 points at 38963.26, while Nifty was down 12.50 points at 11712.30. About 1027 shares have advanced, 1462 shares[...] Read More
Indian indices ended at day's low as selling pressure dragged Nifty below 11,600, while Sensex also fell nearly 500 points.
At close, the Sensex was down 495.10 poin[...] Read More
Lenders hope for the success of Jet’s stake sale process that has attracted four eligible bidders —TPG Capital, Indigo Partners, Etihad Airways and the National Investment and Infrastructure Fun[...] Read More
After hitting record highs in the morning trade, the benchmark indices gave all the gains and remained under pressure for rest of the day on the last trading day of the week as Nifty en[...] Read More
Nse Index nUp 0.59 Pct, Bse Index 0.46 Pct Higher
1.Both Index Gain For 9 Weeks In 10
2.Tata Steel Top Pct Gainer On The nse Index
April 5(Retures)- Indian Shares Snapped Two Of Losses To End Two Sessions OF Losses TO[...] Read More
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The Indian market (Nifty Future) closed around 11513.00 on Monday, surged by almost +0.37%, but it slips from the session high. Earlier it made a 7-month high of 11554.35 on “NAMO” optimism-themuch better prospect of a mega-win in the forthcoming general election by the Indian Prime M[...] Read More
A day of consolidation but bulls managed to keep benchmark indices afloat above their crucial support levels which is a positive sign for the bulls. The S&P BSE Sensex held on to its support at 38,000 while Nifty closed above 11,400.
The final tally: The S&P BSE Sensex closed 70 po[...] Read More
Markets to remain strong as FII & PRO yesterday bought 115864 contracts in Index options, however, 11465 may act as resistance. Yesterday Nifty reclaimed 11300, registering a fresh 6-month closing high. The market has been moving in one direction from last 15 days with strong momentum as inve[...] Read More
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Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
[...] Read More