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Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag

Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag

Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag
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Summary

Indian benchmark indices ended flat on Tuesday, tracking muted trend in global markets and ahead of first quarter earnings, particularly by IT major Tata Consultancy Services later in the evening. Sentiment remained negative to cautious amid a sell-off in equities over various budget proposals that tax super-rich. Here are the main highlights from the stock markets today:

Live Updates

Sensex heatmap at close: Bajaj Fin, Sun Pharma end over 5% up, TCS dips more than 2 percent##Sensex heatmap at close: Bajaj Fin, Sun Pharma end over 5% up, TCS dips more than 2 percent

Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag
Jul 9, 2019 3:43 PM

Closing Bell: Sensex ends in the green, Nifty flat in the red, Midcaps outperform##Closing Bell: Sensex ends in the green, Nifty flat in the red, Midcaps outperform

The BSE Sensex ended 10 points up at 38,730.82, while the Nifty was in the red, down by just 2.70 points at 11,55.90. The Nifty MidCap index surged 0.36 percent outperforming its frontline peer. Bank Nifty ended 0.11 percent lower. Pharma, energy, realty were among advancing sectors, while consumer durables, IT and consumption fell. Indian Oil, Bajaj Finance and Sun Phamra gained ending between 5 and 6 percent. Hero MotoCorp and Bajaj Finserv surged between 2 and 3.5 percent. Titan declined by over 12 percent, UPL 3.55 percent, TCS down by 2.55 percent. Gail shares were down by 2.45 percent and HCL Tech dipped 2 percent.  

Jul 9, 2019 3:41 PM

HDFC twins continue downtrend amid post-budget equity sell-off##HDFC twins continue downtrend amid post-budget equity sell-off

Shares of HDFC Bank and Housing Development Finance Corporation (HDFC) have returned around 12 percent gains year-to-date. The two large-cap stocks from the HDFC group, however, have been under pressure after Friday's Union Budget as traders took to profit-booking, reacting to a host of proposals impacting minimum public shareholding norms and tax on super-rich. READ MORE

Jul 9, 2019 3:27 PM

CARE revises Zee Media's Rs 113 cr long term facilities rating to 'BBB' from 'A'##CARE revises Zee Media's Rs 113 cr long term facilities rating to 'BBB' from 'A'

Jul 9, 2019 3:18 PM

Cox & Kings shares slip 5% after IATA suspends company's licence#Cox & Kings shares slip 5% after IATA suspends company's licence

Shares of Cox & Kings slipped 5 percent intraday on Tuesday after the travel company’s licence was suspended by International Air Transport Association (IATA). Intraday, the share price declined by 5 percent to its day’s low of Rs 25.80 per share on the NSE. This year, the stock has eroded about 88 percent returns and in last one year, it wiped out 84 percent returns.

In its press release, the company said,” Kindly be informed that lATA has suspended its license for selling tickets. However, the Company will continue to issue tickets on cash and carry basis.” READ MORE

Jul 9, 2019 3:10 PM

Bitcoin near two-week highs, fuelled by hopes for Facebook's Libra##Bitcoin near two-week highs, fuelled by hopes for Facebook's Libra


Bitcoin touched $12,833 overnight on the Bitstamp exchange, its highest since June 27, before pulling back. It was last up 2.2 percent at $12,560. READ MORE

Jul 9, 2019 3:08 PM

Why FPI tax tangle is troubling investors, explained##Why FPI tax tangle is troubling investors, explained

They say when it rains, it pours. No, I’m not talking about the deluge which takes down Mumbai every other day during the monsoons. I’m talking about the series of challenges that have hit India’s capital market in the last few months. READ MORE

Jul 9, 2019 3:03 PM

Here's a quick round-up of what happened in the markets today##Here's a quick round-up of what happened in the markets today

-Sensex, Nifty end flat amid a volatile trading session.

-Sensex gains 295 points from lows to end with a gain of 10 points.

-Nifty up 95 points from lows to hold on to 11,550.

-Nifty Midcap Index gains 197 points from lows to keep market breadth neutral.

-Nifty Bank ends 35 points lower, but 223 points off lows

-IT & financials underperform while capital goods and energy lend support.

-RIL contributes 24 points to the Nifty upside while HDFC Bank drags by 16 points

-Titan amongst top Nifty losers, posts the biggest 1-day fall in six years.

-Maruti hits fresh 52-weeks low, ends below Rs 6,000 per share for the first time since March 2017

-YES BANK fails to hold opening gains, slips 6 percent from highs to close 2 percent lower

-IT stocks underperform with rupee strengthening against the US dollar.

-IOC up over 5 percent as crude remains under pressure; Brent around $64/bbl

-Bajaj Finance and Bajaj Finserv recover some of its yesterday’s losses after q1 updates.

Jul 9, 2019 3:02 PM

Nifty Bank rallied 12.48% this year despite liquidity crisis. Here are the major contributors##Nifty Bank rallied 12.48% this year despite liquidity crisis. Here are the major contributors

Nifty Bank has surged the most on the NSE in the last three years, about 69 percent. This year, Nifty Bank has rallied 12.48 percent despite the sector being hit by a severe liquidity crisis while it has risen 14.22 percent in the last one year. The index rose 359 percent in the last 10 years, higher than all the sectoral indices. READ MORE

Jul 9, 2019 2:41 PM
Why this media stock lost 80% investor wealth in 2019
Eros International Media, one of India's largest listed moviemakers and entertainment company, has emerged as one of the biggest wealth destroyers in 2019, declining over 80 percent on a year-to-date basis.Get latest Market online at cnbctv18.com
Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag
Jul 9, 2019 2:04 PM

Bajaj Finance jumps 6% as company's AUM jumps 42% on year##Bajaj Finance jumps 6% as company's AUM jumps 42% on year

Bajaj Finance shares rallied over 6 percent at Rs 3,623.7 as the company's assets under management jumped 42 percent on year as on June 30. The lender's assets under management stood at Rs 1.3 trillion on June 30 as against Rs 913 billion a year ago. The stock fell over 8 percent on Monday as investors were concerned about the company's growth given the tight liquidity and slowdown in rural consumption, but a 46 percent on year jump in assets under management eased these fears.

Jul 9, 2019 1:40 PM

BASF profit warning rubs off on Indian chemical stocks; Aarti Industries, UPL down about 3%##BASF profit warning rubs off on Indian chemical stocks; Aarti Industries, UPL down about 3%


Shares of Indian chemical companies like Aarti Industries, SRF and UPL fell on Tuesday after German chemical giant BASF issued a profit warning. On Monday, BASF cut its full-year forecast and also warned that profits may fall by as much as 47 percent in the second quarter of the calendar year 2019, citing the US-China trade war and weakness in the automobile sector. READ MORE

Jul 9, 2019 1:31 PM
Top stocks recommended by ICICI Securities in consumer sector
Consumer companies' growth is likely decelerated in the fiscal year 2020 on the back of a slowdown in rural demand and a high base, said ICICI Securities.
Closing Bell: Sensex, Nifty end flat, Reliance, L&T, Bajaj Finance bat for the bulls, HDFC twins, TCS, ITC drag
Jul 9, 2019 12:29 PM

Glenmark Pharma gains on US FDA OK for Ranexa generic##Glenmark Pharma gains on US FDA OK for Ranexa generic


 
Shares of Glenmark Pharmaceuticals rose 3 percent to Rs 449.85 after the company received approval from the US Food & Drug Administration to market ranolazine extended-release tablets, a generic of Gilead Sciences Inc's Ranexa. The approval is for 1 gram and 500-mg strength tablets, prescribed for chronic chest pain. Ranexa clocked sales of $758 million in 2018 in the US, and $155 million in January-March this year. Sun Pharmaceutical Industries and Cipla also have the US drug regulator's approval to market a generic of Ranexa. So far today, 1.5 million shares of Glenmark Pharmaceuticals have changed hands, higher than the three-months daily average of 962,913.

Jul 9, 2019 11:43 AM

Bajaj Finserv recovers from initial losses, delivery volume low##Bajaj Finserv recovers from initial losses, delivery volume low


Shares of Bajaj Finserv fell for the third consecutive session on continued concerns over tight liquidity among non-bank lenders and slowdown in lending to the small and medium enterprises segment and rural markets. So far today, 369,775 shares of the company changed hands on NSE, more than three times the daily average volume of 122,847 shares. Shares quoted at Rs 7,639.75 on NSE, up by 0.62 percent. The stock had opened at Rs 7,590 and dipped to the day's low of Rs 7,418.95. It hit the day's high at Rs 7,663.90.

Jul 9, 2019 11:15 AM

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