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Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%

Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%

Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
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Indian shares ended higher in a volatile session on Wednesday led by financials, as investors await the outcome of the Lok Sabha elections. IndusInd Bank, BPCL, Sun Pharma, Bajaj Auto, and Eicher Motors were among the major gainers on the Nifty50.

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Sectoral Trend: Banking indices gained most, IT, FMCG dragged##Sectoral Trend: Banking indices gained most, IT, FMCG dragged

Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
May 22, 2019 3:44 PM

Top Nifty gainers and losers: IndusInd Bank gains 5%, Tech Mahindra slips 3%##Top Nifty gainers and losers: IndusInd Bank gains 5%, Tech Mahindra slips 3%

Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
May 22, 2019 3:40 PM

Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank up 5%##Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank up 5%

Indian shares ended higher in a volatile session on Wednesday led by financials, as investors await the outcome of the Lok Sabha elections. Sentiment remains strong as exit polls indicate Prime Minister Narendra Modi-led National Democratic Alliance (NDA) coming back to power with a majority. The Sensex settled 140 points higher at 39,110, while the Nifty50 added 29 points to end at 11,738. Among broader markets, the Nifty Midcap was flat, while the Nifty Smallcap gained 0.5 percent. IndusInd Bank, Sun Pharma, Bajaj Auto, BPCL, and Eicher Motors were among the major gainers on the Nifty50, whereas Tech Mahindra, YES Bank, Indiabulls Housing, Bharti Infratel, and Zee led the losses. Among sectors, banking indices gained the most among sectoral indices, with Nifty Bank and Nifty Pvt Bank up 0.6 percent and 0.7 percent, respectively. Meanwhile, Nifty FMCG and Nifty IT declined 0.8 percent and 0.7 percent, respectively.

May 22, 2019 3:37 PM
Icra rating downgrade won't impact fundraising, says IDFC First Bank
IDFC First Bank CEO does not think the ICRA report would impact their fundraising because India has close to 40 banks between the private sector and public sector and an only handful have AA ratingGet latest Finance online at cnbctv18.com
Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
May 22, 2019 3:25 PM

Market update: Indices trade higher in volatile trade##Market update: Indices trade higher in volatile trade

Benchmark indices are trading higher in the volatile trade with Nifty holding 11,700 level. The Sensex is up 110.78 points at 39080.58, while Nifty is up 14.80 points or 0.13% at 11723.90.  About 1225 shares have advanced, 1143 shares declined, and 155 shares are unchanged.

May 22, 2019 3:12 PM

DHFL puts fresh deposits and renewals on hold: Should you worry?##DHFL puts fresh deposits and renewals on hold: Should you worry?

DHFL will be in focus on Wednesday after the company stopped taking fresh deposits while renewals have been placed on hold. The company has also stopped premature withdrawal of deposits to help themselves in liability management. National Housing Bank (NHB) guidelines do say that if ‘you are rated below 'A' as a housing finance company (HFC), you cannot accept deposit’ and recently CARE downgraded DHFL to BBB- (triple B minus). Therefore, this deposit acceptance has been put on hold. According to CARE Ratings, CARE A signifies ‘low’ credit risk, while CARE BBB signifies ‘moderate’ credit risk.

May 22, 2019 3:07 PM

Exit poll results show second term for Modi: Top stock picks by Jefferies

Brokerage house Jefferies said that a decisive majority for the current government (NDA) would be viewed as the better outcome. Get latest Market online at cnbctv18.com
Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
May 22, 2019 2:55 PM

Bank of Baroda Q4 results today: Key things to watch out for##Bank of Baroda Q4 results today: Key things to watch out for

Bank of Baroda (BoB) will report its fourth quarter results on Wednesday and analysts expect the slippages to remain elevated at Rs 3,600 crore as compared to Rs 3,700 crore in the previous quarter. Analysts expect Q4 would be the best quarter in the last five quarters for BoB. Slippages are expected to remain elevated at Rs 3,600 crore.


Asset quality movement will be seen very closely. Recoveries and higher write-offs amongst public sector undertaking (PSU) banks have been seen and continuation of that in BoB will be positive because in the last quarter the gross NPA (non-performing asset) ratio was at 11 percent. READ MORE

May 22, 2019 2:39 PM
Risk reward unfavourable for next 3-6 months; upbeat on cement space, Macquarie
Sandeep Bhatia, managing director, head of equity India, Macquarie does not think the election results would be a non-event but it is not the only single determinant of market performanceGet latest Market online at cnbctv18.com
Closing Bell: Sensex ends 140 points higher, Nifty below 11,750 ahead of election results; IndusInd Bank rises 5%
May 22, 2019 2:23 PM

Cipla reports Q4 results, beats Street estimates##Cipla reports Q4 results, beats Street estimates

Cipla reported a 9.3 percent increase in net profit for the quarter ended March 2019 at Rs 367.2 crore, against Rs 336 crore in the year-ago period. Revenue rose 9.1 percent at Rs 4,404 crore versus Rs 4,037 crore in the corresponding quarter last year.

May 22, 2019 2:07 PM

Cummins India Q4 results today: Key things to watch out for##Cummins India Q4 results today: Key things to watch out for


Cummins India Ltd, a maker of engines and generators, will report its fourth-quarter earnings on Wednesday and analysts expect the company to report strong results this time. The revenues are expected to be up 11 percent at Rs 1370 crore versus Rs 1230 crore for the same quarter last fiscal and margins are expected to be higher at 14.5 percent versus 13.8 percent YoY. Profit after tax is expected to rise 9 percent to Rs 175 crore. READ MORE

May 22, 2019 1:51 PM

JSPL shares tank after loss widens to Rs 2,713 crore in Q4##JSPL shares tank after loss widens to Rs 2,713 crore in Q4


Shares of Jindal Steel and Power (JSPL) tanked nearly 12 percent on Wednesday after the company reported weak results for the quarter ending March 2019. The company reported a consolidated net loss of Rs 2,713 crore in Q4. It had posted a loss of Rs 426 cr net loss in the year-ago quarter.The loss was mainly due to a one-time payment of Rs 1,733.9 crore, coupled with higher expenses and finance costs. Total income in Q4 was higher at Rs 10,158.95 crore as against Rs 8,599.28 crore YoY.

May 22, 2019 1:34 PM

IndusInd Bank Q4: Asset quality deteriorates in the March-quarter##IndusInd Bank Q4: Asset quality deteriorates in the March-quarter

May 22, 2019 1:20 PM

IndusInd Bank Q4 net profit comes in at Rs 360.1 crore versus CNBC-TV18 poll of 744 crore##IndusInd Bank Q4 net profit comes in at Rs 360.1 crore versus CNBC-TV18 poll of 744 crore

May 22, 2019 1:17 PM

Market update at this hour: Sensex, Nifty turn flat ahead of election results##Market update at this hour: Sensex, Nifty turn flat ahead of election results

Sensex is up 37 points at 39,007, while Nifty is up 2 points at 11,711. Sun Pharma, BPCL, Bharti Airtel, and ICICI Bank are the biggest gainers, while IndusInd Bank, Tech Mahindra, Yes Bank, Indiabulls Housing and Wipro are the biggest losers. On the sectoral front, bank, financial service, pharma, and realty are in the green, with pharma being the biggest gainer, up 0.5 percent. Nifty Media is the biggest loser, down, 1.5 percent, followed by Nifty FMCG and Nifty IT.

May 22, 2019 1:01 PM

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