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CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices

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Indian shares ended higher on Monday led by gains in banking and auto stocks, amid easing US-China trade tensions. The Sensex ended 164 points higher at 37,145, while the broader Nifty50 index added 57 points to end the day at 11,003.  All sectoral indices, except Nifty IT, ended in green for the day.

CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices##Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices

    - Indian shares ended higher on Monday led by gains in banking and auto stocks, amid easing US-China trade tensions.

    - The Sensex ended 164 points higher at 37,145, while the broader Nifty50 index added 57 points to end the day at 11,003. In broader markets, the Nifty Midcap rose 1.25 percent, while the Nifty Smallcap index rose 0.5 percent.

    - YES Bank, UPL, Maruti Suzuki, L&T, and Bharti Airtel were the top gainers on the Nifty50, while HCL Tech, Eicher Motors, Infosys, Tech Mahindra, and Bajaj Auto led the losses.

    - All sectoral indices, except Nifty IT, ended in green for the day. The banking indices rose the most with Nifty PSU Bank up 1.6 percent and Nifty Bank up 0.9 percent. Meanwhile Nifty Auto and Nifty Fin Services rose 0.9 percent each.

    - MoS Finance Anurag Thakur said the government was open to taking car-makers’ requests for lower taxes to the tax council, a day after industry bosses urged New Delhi to revive the sector plagued by plunging sales and job losses.

  • August MF Data: Liquid fund inflow at Rs 79,428 crore versus Rs 45,441 crore##August MF Data: Liquid fund inflow at Rs 79,428 crore versus Rs 45,441 crore

  • Here's why Motilal Oswal has picked this maharatna company as its contrarian bet
    Motilal Oswal has picked Coal India Ltd (CIL) as its top contra bet due to attractive valuations and dividend yield despite the maharatna public sector company's shares correcting nearly 18 percent so far this year and more importantly, amid regulatory shift.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • IndiaMART InterMESH rose 28% during the last four trading sessions##IndiaMART InterMESH rose 28% during the last four trading sessions

    IndiaMART InterMESH delivered handsome returns in the last few trading sessions. In fact, on Monday, the share price of the company rose over 8 percent and touched its all-time high. Last week, the stock price rose 28.60 percent, and in the last one month, it rallied 32 percent to current market levels. It touched its all-time high on Monday after gaining 8.69 percent to Rs 1,573 per share on the NSE. The company is an online business-to-business marketplace for business products and services with approximately 60 percent market share of the online B2B classifieds space in India in fiscal 2017. READ MORE

  • MCX at day's high; Company approaching Rs 1,000 per share##MCX at day's high; Company approaching Rs 1,000 per share

  • Market may rally 3-5% after weeks of bearishness, says Udayan Mukherjee##Market may rally 3-5% after weeks of bearishness, says Udayan Mukherjee


    Udayan Mukherjee, consulting editor at CNBC-TV18, shared his views and outlook on the market. "After so many weeks of such utter bearishness, arrives a time when people are saying there is too much of this and that paves the way for some kind of a relief rally. There might be a 3-5 percent kind of a rally," Mukherjee said on Monday. READ MORE

  • Auto sales slump for ninth successive month as industry slowdown continues
    The automobile industry's production during April-August 2019 declined to just over 12 million, a 12.25 percent slump from the 13.6 million it produced during the same period last year, data published by the Society of Indian Automobile Manufacturers (SIAM) on Monday showed.Get latest Auto online at cnbctv18.com
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Here's a quick catch up of all the latest market action##Here's a quick catch up of all the latest market action

    - The Sensex was trading around 150 points higher at 37,141, while the Nifty50 gained 40 points to trade around 11,000.


    - Among sectors major buying was seen in banking and financial indices, while the IT index was the only Nifty index that witnessed selling. Nifty PSU Bank rose 1.4 percent, hwile Nifty Bank gained nearly 1 percent.

    - YES Bank, L&T, Bajaj Finnace, Kotak Bnak, and Bharti Airtel were the top gainers on BSE Sensex at this hour.

    - Union Bank board approves raising up to Rs 17,200 crore via equity and tier-II bonds out of which Rs 13,000 crore to be raised by allotting equity shares via preferential route and remaining Rs 4,200 crore via tier-II bonds.

  • Here's why Motilal Oswal has picked this maharatna company as its contrarian bet

    Motilal Oswal has picked Coal India Ltd (CIL) as its top contra bet due to attractive valuations and dividend yield despite the maharatna public sector company's shares correcting nearly 18 percent so far this year and more importantly, amid regulatory shift.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Coffee Day shares hit 5% upper circuit after block deals##Coffee Day shares hit 5% upper circuit after block deals

    ​Coffee Day Enterprises Ltd (CDEL) shares were locked in the 5 percent upper circuit, breaking a 7-day losing streak, following two block deals worth Rs 2.26 crore on the National Stock Exchange. Nearly 3.5 lakh shares were traded at 9.15 am on the NSE after two large deals at Rs 64.10 apiece. As of today, 6.5 lakh shares exchanged hands on the NSE, over twice the three-month daily average of 3.2 lakh shares. As per the NSE website, the stock has only bids and no offers.

  • Somany Ceramics hits lower circuit, plunges 20% to its 52-week low##Somany Ceramics hits lower circuit, plunges 20% to its 52-week low


    Shares of Somany Ceramics hit lower circuit on Monday, plunging 20 percent to hit its 52-week low of Rs 228.80 per share on BSE. The stock fell after a cheque of Rs 26 crore to the company by Mentor Financial Service — the company's stock broker — bounced, due to insufficient funds, it said in a BSE filing. "The company has issued demand notices for repayment to Mentor, its directors and its authorized signatory as per requirements of the applicable law. In view of continued default by Mentor, its directors, and its authorized signatory, the company has now filed a criminal complaint with Sector 6, Bahadurgarh, Haryana, police station against Mentor, its directors and its authorized signatory," the BSE filing added.

  • From Rs 1 lakh to Rs 1300! How this stock eroded 98% investor wealth in just 1 year
    This stock has lost over 98 percent of its value just in the last 1 year, making it the biggest wealth destroyer among the NSE500 companies.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Here's a quick catch up of all the latest market action##Here's a quick catch up of all the latest market action

    - The Sensex was trading around 230 points higher at 37,211, while the Nifty50 gained 70 points to trade above 11,000.


    - Among sectors major buying was seen in banking, auto and metal indices, while the IT index was the only Nifty index that witnessed selling.

    - YES Bank, L&T, ICICI Bank, HUL, and SBI were the top gainers on BSE Sensex at this hour.

    - Shares of Eveready Industries hit 5 percent lower circuit on Monday on media reports that Duracell Inc, owned by Warren Buffett’s Berkshire Hathaway is set to acquire Eveready Industries’ battery and flashlight business in a slump sale for Rs 1,600-1,700 crore.

  • SBI cuts interest rates on term deposits, reduces MCLR by 10 bps##SBI cuts interest rates on term deposits, reduces MCLR by 10 bps


    tate Bank of India, the country's largest lender, has slashed in its marginal cost of funds-based lending rate (MCLR) for the fifth time in the fiscal year 2019-2020. SBI on Monday said it has reduced the MCLR by 10 basis points across all tenors, bringing the 1-year MCLR to 8.15 percent per year. SBI has also slashed interest rates on retail term deposits by 20-25 bps and bulk term deposits by 10-20 bps across tenors.

  • SAT overturns Sebi’s order to bar PW in Satyam audit fraud case##SAT overturns Sebi’s order to bar PW in Satyam audit fraud case


    The Securities and Appellate Tribunal (SAT) has overturned the Sebi order, which barred auditor Price Waterhouse (PW) from auditing listed companies in India for two years over charges of its collusion with directors and employees of Satyam Computer Services. "Sebi has no authority to look into the quality of audit standards and audit services," the SAT said on Monday. According to the tribunal, Sebi can only take remedial and preventive action and the direction issued to ban PW is neither remedial nor preventive, it's just punitive. READ MORE

  • RBI rate cut is the need of the hour, says IDBI Capital's AK Prabhakar

    India's economic slowdown is likely to continue for another one to two quarters: That's the view coming in from AK Prabhakar, head of research at IDBI Bank.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Govt may hive off more debt from Air India to woo buyers##Govt may hive off more debt from Air India to woo buyers


    Government may hive off more debt from the balance sheet of Air India in an attempt to garner more interest for its sale, sources aware of the development said. It is important to note that the government has already decided to transfer Rs 29,464 crore of Air India's debt into a special purpose vehicle. While the formalities are not yet completed, the decision has been taken. "The fresh round of discussion is to examine whether additional debt, over and above this figure (Rs 29,464 crore) can be removed and to what extent can the debt be hived off," the sources said. READ MORE

  • Finance Ministry objects to BPCL divestment to IOC##Finance Ministry objects to BPCL divestment to IOC


    Narendra Modi government has a divestment target of Rs 1.05 lakh crore for the current fiscal and it wants to move fast in case of public sector undertakings (PSUs) such as BPCL. However, CNBC-TV18 has learnt that the finance ministry has raised objection on government's stake sale to IOC, as it can create a monopoly in the oil marketing business in India.


    Sources privy to the developments have told CNBC-TV18, "Ministry of petroleum and natural resources is of the view that IOC should acquire 100 percent of government’s stake in BPCL but if IOC acquires BPCL, it will lead to IOC becoming a monopoly in the market which may not get clearance from the Competition Commission of India". IOC currently has a debt of about Rs 72,000 crore and has a planned capital expenditure plan of about Rs 25,000 crore for the year 2019-20. READ MORE

  • Investors waiting for macroeconomic data to bottom out before investing in India, says Port Shelter's Richard Harris

    US job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000, the Labor Department reported Friday.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Eveready shares hit 5% lower circuit after reports of Duracell's plans to buy company assets##Eveready shares hit 5% lower circuit after reports of Duracell's plans to buy company assets

    Shares of Eveready Industries hit 5 percent lower circuit on Monday on media reports that Duracell Inc, owned by Warren Buffett’s Berkshire Hathaway is set to acquire Eveready Industries’ battery and flashlight business in a slump sale for Rs 1,600-1,700 crore. The stock fell as much as 5 percent to hit its lower circuit of Rs 70.50 per share on BSE. In comparison, the BSE Sensex was trading 0.37 percent or 136 points lower at 36,845. The stock has lost nearly 70 percent of its value in the last one year and declined over 60 percent in 2019. READ MORE

  • Equitas Holdings shares plunge after RBI denies extension of listing deadline##Equitas Holdings shares plunge after RBI denies extension of listing deadline


    The share price of Equitas Holdings plunged about 12 percent on Monday after the Reserve Bank of India declined the company's request to extend its listing deadline for unit Equitas Small Finance Bank. The Equitas SFB was to be listed on September 4. Equitas Holdings has proposed a new scheme of arrangement to list its small financing bank arm ESFB after being denied an extension to the listing deadline by the RBI as well as approval to reverse merger proposal by Sebi. READ MORE

  • Market update: Sensex climbs more than 330 points from lows, Nifty up 100 points off lows##Market update: Sensex climbs more than 330 points from lows, Nifty up 100 points off lows

  • RBI rejects EHL's request to extend listing deadline for Equitas Small Finance Bank##RBI rejects EHL's request to extend listing deadline for Equitas Small Finance Bank


    The Reserve Bank of India (RBI) has rejected Equitas Small Finance Bank's request to extend listing deadline, barring the company from opening new branches. The holding company, Equitas Holdings Ltd (EHL), has not been able to list the bank before deadline as per licensing requirement. It has also been restricted from expanding its branches and the chief executive officer's remuneration has been frozen. READ MORE

  • Oil rises as Saudi Arabia signals OPEC cuts to continue under new energy minister##Oil rises as Saudi Arabia signals OPEC cuts to continue under new energy minister


    Oil rose on Monday after a Saudi official said there would be no change in Saudi Arabia’s OPEC policy as Prince Abdulaziz bin Salman was made the new energy minister for the world’s biggest crude exporter over the weekend. Prices were heading for a fourth day of gains and were also supported by comments from United Arab Emirates energy minister saying OPEC and its allies are committed to balancing the crude market. Global benchmark Brent was up 7 cents at $61.61 a barrel by 0106 GMT, while US West Texas Intermediate was 20 cents, or 0.3 percent, higher at $56.72 a barrel. READ MORE

  • Top stock recommendations by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for Monday

    Among stocks, Sudarshan Sukhani is bullish on Dr Reddy's BEL, NBCC, and NTPC, while Mitessh Thakkar is positive on BRL, Colgate Palmolive, M&M, and Tata Steel.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Opening Bell: Sensex opens nearly 200 points lower, Nifty below 10,900; auto stocks drag##Opening Bell: Sensex opens nearly 200 points lower, Nifty below 10,900; auto stocks drag

    - Indian shares opened lower on Monday amid a cautious market mood as investors hoped for stimulus to support growth in the world’s major economies.  The market sentiment was mainly dragged by auto and banking stocks.

    - At 9:20 am, the Sensex was trading 171 points lower at 36,810, while the broader Nifty50 index was trading 50 points lower at 10,895.

    - Indiabulls Housing, Sun Pharma, Bharti Airtel, GAIL, and TCS were the top gainers on the Nifty50, while all top Nifty losers were auto stocks.

    - Major selling was seen in the auto stocks with Tata Motors, Ashok Leyland, Maruti Suzuki, Eicher Motors, and TCS Motor Company down between 1.6-2.5 percent.

  • Rupee opens flat versus Friday's close##Rupee opens flat versus Friday's close

  • Equitas Holdings proposes new scheme to list Equitas Small Finance Bank##Equitas Holdings proposes new scheme to list Equitas Small Finance Bank

    Equitas Holdings Ltd (EHL) has proposed a new scheme of arrangement to list its small financing bank arm ESFB after being denied an extension to the listing deadline by the RBI as well as approval to reverse merger proposal by Sebi. Under the new scheme, EHL has proposed to capitalise free reserves of Equitas Small Finance Bank (ESFB) and issue shares of the subsidiary to its shareholders without cash consideration. READ MORE

  • MarketBuzz Podcast With Nigel D'Souza: Sensex, Nifty likely to open in green; Coffee Day Enterprises, Eveready, Equitas, PNB in focus
    Indian shares are likely to open in the green on Monday, tracking gains in Asia, as investors pinned expectations on likely stimulus to support growth in the world's major economies.
    CNBC-TV18 Closing Bell: Sensex up 163 points, Nifty above 11,000; banking, auto stocks lift indices
  • Top brokerage calls for September 9: Kotak upgrades RBL Bank; Jefferies bullish on Coal India##Top brokerage calls for September 9: Kotak upgrades RBL Bank; Jefferies bullish on Coal India


    Kotak Institutional Equities on RBL Bank: The brokerage upgraded the stock to 'add' from 'reduce' but cut its target price to Rs 350 per share from Rs 500 earlier. The stock was upgraded following the recent stock price correction, the brokerage added.

    Jefferies on Coal India: The stock has a 'buy' rating on the stock with a target at Rs 260 per share. Impact of government allowing commercial coal mining will be limited in 3-5 years, it said, adding that volume has disappointing on a year-to-date basis a concern, expect improvement post-monsoon.


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Indian shares ended higher on Monday led by gains in banking and auto stocks, amid easing US-China trade tensions. The Sensex ended 164 points higher at 37,145, while the broader Nifty50 index added 57 points to end the day at 11,003.  All sectoral indices, except Nifty IT, ended in green for the day.