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This article is more than 2 year old.

Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed

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Indian indices ended flat on Thursday, ahead of March-quarter earnings, as investors stayed on the sidelines as first phase of voting began for the 2019 general election. Investors also awaited India's retail inflation numbers, due tomorrow.

Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Nifty IT index falls nearly 1 percent ahead of TCS, Infosys earnings##Nifty IT index falls nearly 1 percent ahead of TCS, Infosys earnings

    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Sectoral Trend: Nifty Auto, Nifty FMCG gain, Nifty IT, Nifty Metal drag##Sectoral Trend: Nifty Auto, Nifty FMCG gain, Nifty IT, Nifty Metal drag

    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Top Nifty gainers and losers: Vedanta falls over 3%, Indiabulls Housing gains 2.5%##Top Nifty gainers and losers: Vedanta falls over 3%, Indiabulls Housing gains 2.5%

    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Closing Bell: Sensex, Nifty end flat as voting begins, Q4 results eyed##Closing Bell: Sensex, Nifty end flat as voting begins, Q4 results eyed

    Indian indices ended flat on Thursday, ahead of March-quarter earnings, as investors stayed on the sidelines as the first phase of voting began for the 2019 general election. Investors also awaited India's retail inflation numbers, due tomorrow.  The BSE Sensex ended the day at 38,607, up 22 points, while the broader NSE Nifty50 settled at 11,597, adding 12 points. The Nifty Midcap was trading flat, while the Nifty Smallcap index outperformed, up 0.2 percent. Indiabulls Housing, Bharti Airtel, Bajaj Auto, Bajaj Finserv, and Dr. Reddy's gained the most on Nifty, while Vedanta, Sun Pharma, PowerGrid, Axis Bank and Tech Mahindra fell the most on the index. A mixed trade was seen amongst the sectoral indices with Nifty Auto, and Nifty FMCG gaining while, Nifty Metal, Nifty IT and Nifty Realty slipping during the day. The Nifty IT index fell over half a percent with Infosys and TCS falling over 1.2 percent and 0.7 percent, respectively ahead of March-quarter earnings. Tech Mahindra and HCL Tech were other draggers in the index.

  • HDFC AMC extends maturity date of FMP Series 35##HDFC AMC extends maturity date of FMP Series 35


    HDFC Asset Management Co. Ltd on Wednesday said that it has extended the maturity date of fixed maturity plan (FMP) Series 35 to April 29, 2020, from April 15, 2019.

    Citing the reason for the extension, the company said, "Due to current interest rate scenario and portfolio positioning, the yields prevailing in the short maturity bucket present an option for investors to lock in their investments at current prevailing yields." READ MORE

  • IT earnings radar: Infosys will outpace TCS' growth rate in FY20, says Nirmal Bang's Girish Pai

    It's time to focus on earnings in our special segment -- Quarter Se Quarter Tak. IT biggies Infosys and TCS will kick off the Q4 earnings season tomorrow.
    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • MCX FY'19 futures turnover up 22% at Rs 65.91 lakh crore; market share touches record 91.6%##MCX FY'19 futures turnover up 22% at Rs 65.91 lakh crore; market share touches record 91.6%


    India's largest commodity exchange MCX's total turnover in futures trading rose 22 percent to Rs 65.91 lakh crore in 2018-19 driven by bullion, base metals and energy contracts, helping the bourse to achieve record market share of over 91 percent.


    According to data available on MCX's website, the exchange's total turnover in futures trade stood at Rs 65,91,428 crore in 2018-19, up 22.45 per cent from Rs 53,82,996 crore in the previous year.
    The average daily turnover of futures trading on MCX was Rs 25,648 crore in the just-concluded fiscal, up 21 percent from Rs 21,193 crore in 2017-18. READ MORE

  • Redcliffe Capital confirms CNBC-TV18 newsbreak on Jet Airways bid##Redcliffe Capital confirms CNBC-TV18 newsbreak on Jet Airways bid

  • Expect cyclical revival in corporate earnings going forward, says UTI MF##Expect cyclical revival in corporate earnings going forward, says UTI MF


    Ajay Tyagi, a fund manager at UTI Mutual Fund, is of the view that the outcome of Lok Sabha elections will have a short-term impact on the markets depending on who comes to power.

    With regards to corporate earnings, Tyagi said, "In the last six years, the average corporate earnings growth has been 4.5-5 percent only and so, irrespective of who comes to power and keeping aside the economic policies that would come through, the fact that we have been at a cyclical low over the last six years, there would be a cyclical revival in corporate earnings provided nominal GDP growth would remain 12-13 percent," he said. Watch Interview here

  • Wockhardt shares rise 4% on USFDA approval for cancer injection##Wockhardt shares rise 4% on USFDA approval for cancer injection


    Wockhardt rallied over 3 percent on Thursday after the pharma company said it has received approval from the United States Food and Drug Administration (USFDA) for Decitabine injection. On Wednesday, the company received approval from the US FDA for its 50 mg Decitabine injection which is used to treat certain forms of cancer.

    “Decitabine is used to treat Myelodysplastic syndromes (MDS), a group of cancers in which immature blood cells in the bone marrow do not mature and therefore do not become healthy blood cells,” said Wockhardt in a press release. READ MORE

  • Naresh Goyal is likely to submit an expression of interest for Jet Airways today##Naresh Goyal is likely to submit an expression of interest for Jet Airways today

  • Is it time to book profits in auto stocks? DSP Investment has an advice for you##Is it time to book profits in auto stocks? DSP Investment has an advice for you

    Gopal Agrawal, senior VP & head of macro strategy at DSP Investment Managers, in an interview with CNBC-TV18 shared his expectations from the fourth-quarter earnings and outlook for auto stocks.

    With regards to earnings, Agrawal said, "Both the earnings numbers and management commentary from companies need to be strong. One is expecting a remarkable earnings growth this quarter, which is factored in by the market."


    "For the current market optimism to continue there is a need for favourable macros, strong management commentary on growth and political stability," said Agrawal. READ MORE

  • India Inc's earnings lag in Narendra Modi era, but optimism remains
    As Tata Consultancy Services Ltd and Infosys Ltd get set to kick-start another earnings season - the last under Modi's current tenure - expectations remain muted.Get latest Economy online at cnbctv18.com
    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • JUST IN: Supreme Court to pronounce order on electoral bond issue on April 12##JUST IN: Supreme Court to pronounce order on electoral bond issue on April 12

  • Four measures to watch for in Uber's IPO filing##Four measures to watch for in Uber's IPO filing

    REVENUE

    Uber is a much larger company than Lyft, with operations in markets ranging from the United States to Latin America to North Africa. Lyft operates entirely in North America.

    ADJUSTED EBITDA

    This common measure of profitability will look similar to Lyft's in one major respect: both Uber and Lyft are loss-making companies. Uber reported an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $1.8 billion in 2018, compared to around $950 million for Lyft.

    CONTRIBUTION MARGIN

    This lesser-known financial metric will likely play a big role in Uber's pitch to investors. It is designed to show whether Uber's operations in individual markets are profitable on a standalone basis by ignoring company-wide costs like marketing or technology investment.


    MONTHLY ACTIVE USERS

    Uber generates more rides than Lyft in large part due to its wider, global presence. Lyft had 18.6 million monthly active riders as of the fourth quarter of 2018. READ MORE

  • Indiabulls Real Estate jumps 6% as realty rally continues##Indiabulls Real Estate jumps 6% as realty rally continues

    Indiabulls Real Estate has gained 6 percent intraday on Thursday as the Nifty Realty index has continuously maintained its mark in the green territory this week. Shares of Prestige Estates were up 2 percent while Oberoi Realty gained over 2 percent, and Sobha advanced 1 percent on the NSE. 
    However, Indiabulls Real Estate, supported by a huge volume more than 15 million shares, rallied about 36 percent this week in only four trading sessions. READ MORE

  • Jet Airways: Naresh Goyal pledges 26% equity with Punjab National Bank on April 4##Jet Airways: Naresh Goyal pledges 26% equity with Punjab National Bank on April 4

  • Why Infosys' shares trade at a discount to TCS##Why Infosys' shares trade at a discount to TCS

    Infosys, the country's second-largest software services provider, is expected to grow faster than its rival Tata Consultancy Services (TCS) in FY20, so should it continue to trade at a discount to larger rival TCS? 

    Investors care about growth and are known to reward companies with higher growth. So is there a case for Infosys to narrow down its discount to TCS given expectations of faster growth? Possibly yes, but the street would wait for estimates to turn into actual growth numbers given the volatility in Infosys results in the past.

    Infosys guidance will provide us with cues on whether the Narayana Murthy-founded Infosys has the potential to become the fastest growing large cap IT firm in India. The Bengaluru-based firm could be conservative in guiding for an 8- 10 percent FY20 revenue due to potential macro headwinds. READ MORE

  • Global Check: Growth woes douse rally in Asian shares, dollar slips##Global Check: Growth woes douse rally in Asian shares, dollar slips


    Asian stocks stepped back from near eight-month highs on Thursday and the dollar eased as European and U.S. central banks reinforced investor worries about the global economic outlook and trade protectionism.

    In a fresh escalation of trade tensions, U.S. President Donald Trump has threatened new tariffs on goods from the European Union even as the Sino-U.S. trade dispute remains unresolved. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent after four straight days of gains took it to the highest since last August. Chinese shares were subdued with the blue-chip CSI300 off 1 percent while Hong Kong’s Hang Seng index stumbled 0.6 percent.

  • Mutual Funds close FY19 with 11.41% growth in AUM at Rs 23.8 lakh crore##Mutual Funds close FY19 with 11.41% growth in AUM at Rs 23.8 lakh crore


    Mutual fund closed the year with an 11,41 percent rise in their total assets under management at Rs 23.80 lakh crore in the year to March, from Rs 21.36 lakh crore in the previous year, according to the industry data released Wednesday. On a monthly basis, AUM grew 2.73 percent from Rs 23.16 lakh crore in February.


    "Increase in net inflows in equity and income categories as against net outflows in the previous month led to the growth in AUM on a yearly basis," according to the Association of Mutual Fund Industry (AMFI) data collated by rating agency Icra. READ MORE

  • Rail Vikas Nigam lists at Rs 18.90/Sh against the issue price of Rs 19 per share##Rail Vikas Nigam lists at Rs 18.90/Sh against the issue price of Rs 19 per share

  • Motilal Oswal says Laurus Labs is at an inflexion point, resumes 'buy'##Motilal Oswal says Laurus Labs is at an inflexion point, resumes 'buy'


    Laurus Labs is at the cusp of the strong earnings growth over FY19-21E, led by increased traction in its formulation business and changed API product mix, said Motilal Oswal in a research report. 
    The brokerage resumed a "buy" call on the stock, with target price at Rs 470 per share, and an upside of 16 percent.

    It further said, “The company is ramping up its formulation business with commercial production of its anti-retroviral (ARV) products. Additionally, it also plans to participate in country-specific tenders and business from private companies. Further, Laurus is continuing to develop its product pipeline for the US market.” READ MORE

  • Lok Sabha Elections 2019 LIVE Updates: Over 13% voting recorded in Uttar Pradesh, Uttarakhand till 9 am, 21% in Nagaland, 34% in Sikkim

    Lok Sabha elections LIVE updates: Over 14.21 crore voters will decide the fate of 1,279 candidates in 91 constituencies across India as voting in the first phase of Lok Sabha elections begins on Thursday.
    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Jet Airways receive 4 expressions of interest (EoI) as of last night: Sources##Jet Airways receive 4 expressions of interest (EoI) as of last night: Sources

  • Top stock ideas by Ashwani Gujral, Mitessh Thakkar, Sudarshan Sukhani for Thursday##Top stock ideas by Ashwani Gujral, Mitessh Thakkar, Sudarshan Sukhani for Thursday

    Ashwani Gujral

    - Buy Pidilite Industries with a stop loss of Rs 1,270, target at Rs 1310

    - Buy Amara Raja Batteries with a stop loss of Rs 678, target at Rs 700


    Mitessh Thakkar

    - Buy Ujjivan Financial Services with a stop loss of Rs 330, target at Rs 350

    - Buy Piramal Enterprises with a stop loss of Rs 2,650, target at Rs 2,740


    Sudarshan Sukhani

    - Buy Hindustan Unilever with a stop loss of Rs 1,662, target at Rs 1,730

    - Buy Bajaj Finserv with a stop loss of Rs 7,365, target at Rs 7,500

    Click here for more

  • RBI to take time to examine LVB-IHFL merger deal##RBI to take time to examine LVB-IHFL merger deal

    Reserve Bank of India (RBI) may take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on Wednesday. "It (LVB-IHFL merger) may take time for examination," a source said, adding the central bank may seek more information also on the proposed merger after going through the proposals from the entities.

    An email sent to the RBI on the issue has not elicited any response so far. The All India Bank Employees' Association (AIBEA) had urged RBI Governor Shakthikanta Das not to allow the proposed merger of LVB with IHFL. The central bank should instead merge LVB with one of the public sector banks, AIBEA General Secretary C.H. Venkatachalam had said in a letter to the RBI Governor. READ MORE

  • Indiabulls Real continues the gaining momentum, stock up more than 37% this week##Indiabulls Real continues the gaining momentum, stock up more than 37% this week

  • Top Nifty gainers and losers at opening##Top Nifty gainers and losers at opening

    Closing Bell: Sensex ends flat, Nifty below 11,600 as voting for 2019 general elections begins; Q4 results, CPI data eyed
  • Opening Bell: Nifty, Sensex open flat amid caution ahead of general elections, Q4 results##Opening Bell: Nifty, Sensex open flat amid caution ahead of general elections, Q4 results

    Indian Indices opened flat on Thursday amid caution as the first phase of general elections begins today. Investors also awaited the March-quarter earnings with IT majors TCS and Infosys reporting their Q4 numbers tomorrow. Negative sentiment in the Asian peers also affected the domestic indices.  At 9:20 AM, the BSE Sensex was trading at 38,578, down 7 points, while the broader NSE Nifty50 was ruling at 11,580, slipping 3 points. The Nifty Midcap was trading flat, while the Nifty Smallcap index outperformed, up 0.2 percent. Adani Ports, BPCL, HUL, Vedanta, and Britannia were top gainers on Nifty, while Bharti Airtel, UPL, Eicher Motors, Grasim and JSE Steel fell the most. Mixed trade was seen in the sectoral indices with Nifty Auto, Nifty FMCG, and Nifty realty gaining while, Nifty Metal, Nifty Pharma and Nifty Bank slipping in the early morning deals.

  • Rupee opens lower at 69.21 against the US Dollar##Rupee opens lower at 69.21 against the US Dollar