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Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls

Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls

Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls
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Indian benchmark indices ended the June F&O expiry flat on Thursday as gains in auto and realty sectors were capped by losses in IT and metal space.

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Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls##Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls

Indian benchmark indices ended the June F&O expiry flat on Thursday as gains in auto and realty sectors were capped by losses in IT and metal space. Meanwhile, Asian markets remained upbeat on hopes of a tentative trade truce between the United States and China. The Sensex ended 6 points lower at 39,586, while the broader Nifty50 index lost 6 points to end at 11,841. Meanwhile, in broader markets, Nifty Midcap rose 0.5 percent, while, and the Nifty Smallcap index was flat. Tata Motors, Indiabulls Housing, M&M, Bharti Infratel, and Eicher Motors, were among the top gainers on the Nifty50, whereas Tech Mahindra, Reliance, HCL Tech, ITC, and Hindalco led the losses. Sectoral indices ended mixed for the day. The Realty index gained the most, up 1.9 percent followed by the Nifty Auto (up 1 percent), Nifty Fin Services (up 0.4 percent), and Nifty Bank (up 0.2 percent). Meanwhile, Nifty IT fell 0.7 percent, whereas, Nifty Media and Nifty Metal declined around 0.3 percent each.

Jun 27, 2019 3:36 PM

Wadia Group-controlled GoAir revives IPO plans; looks to raise Rs 1,728-2,074 crore

Current market leader IndiGo's public offering in October 2015 was the last IPO in the Indian aviation sector and the company's share price has doubled since then.Get latest Aviation online at cnbctv18.com
Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls
Jun 27, 2019 3:26 PM

Don't see big gains in emerging markets till the end of the year, says Geoffrey Dennis of JPMorgan##Don't see big gains in emerging markets till the end of the year, says Geoffrey Dennis of JPMorgan

Geoffrey Dennis, emerging markets commentator, JPMorgan, on Thursday said that he does not expect big gains in emerging markets from now till the end of the year. He, however, said that India is at a relatively better position compared to other emerging markets. Speaking about United States Secretary of Treasury Steven Mnuchin’s comments on the trade deal, Dennis said, “We may get some reassuring news on trade over the weekend but I would be surprised if we get a deal. READ MORE

Jun 27, 2019 3:11 PM

HDFC Bank planning to list NBFC arm##HDFC Bank planning to list NBFC arm

As per media reports, HDFC Bank is planning an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services (HDB), and may raise Rs 7000-8000 crore or more. HDB Financial Services has an AUM of Rs 55,425 crore in FY19 (up 25% YoY) and posted FY19 Net profit of Rs 1,153 crore (up by 23.6% YoY) and offers products like personal loans, CV loans, gold loans, and LAP e tc. HDFC Bank held 95.53% stake in HDB Financial Services.

Jun 27, 2019 2:57 PM

Only 15 stocks helped Nifty cross 12,000-mark; top large, midcap stocks in focus now

The first half of 2019 has been very volatile for the markets.
Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls
Jun 27, 2019 2:41 PM

Markets erase gains; Nifty below 11,850, Sensex flat##Markets erase gains; Nifty below 11,850, Sensex flat

Market retreats from day's high with Nifty and Sensex turning flat. Nifty gave up more than 70 points from day's high and was currently trading below 11,850, meanwhile Sensex was trading around 39,500-mark. Tech Mahindra, Adani Ports, Wipro, UPl, and Zee were the top draggers on the Nifty50 index.

Jun 27, 2019 2:23 PM

Sudden decline seen in Crude prices as Brent slips below $66/barrel mark##Sudden decline seen in Crude prices as Brent slips below $66/barrel mark

Jun 27, 2019 2:14 PM
With 70% mid and small cap stocks in red, these 49 gained over 30% in first half of 2019
After suffering double-digit fall in 2018, the carnage in the mid- and small-cap stocks continued in the first half of 2019 with the BSE Midcap index down 4 percent and BSE Smallcap index losing 3 percent till date.Get latest Market online at cnbctv18.com
Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls
Jun 27, 2019 2:02 PM

India's largest cryptocurrency exchange Koinex shuts shop##India's largest cryptocurrency exchange Koinex shuts shop

With the Reserve Bank of India (RBI) not nudging its decision on banning cryptocurrencies and the case against the ban still lies status quo at the Supreme Court, India's largest cryptocurrency trading exchange Koinex is shutting shop, according to a blog post by founder Rahul Raj. Koinex was set up in 2017 and within four months, it was the country's largest digital assets trading fund as it recorded $265 million in trading volume and had more than 40,000 new users in 24 hours during the peak month of December. READ MORE

Jun 27, 2019 1:47 PM

Rupee at 3-week high after reaching 69.08 against US Dollar##Rupee at 3-week high after reaching 69.08 against US Dollar

Jun 27, 2019 1:30 PM

Market at day's high: Nifty back at  11,900 ,Sensex near 39,800##Market at day's high: Nifty back at  11,900 ,Sensex near 39,800

Jun 27, 2019 1:13 PM

IndusInd Bank shares gain after Deutsche says it sees 32% upside##IndusInd Bank shares gain after Deutsche says it sees 32% upside


IndusInd Bank shares gained 2 percent intraday on June 27 after global brokerage Deutsche Bank said it expects 32 percent upside in the stock given benefits from Bharat Financial merger and improving asset quality. "We have a buy rating on the stock with a price target at Rs 1,900 per share as we believe merger benefits from Bharat Financial will play out and fears on non-performing loans (NPLs) are misplaced," the research firm said. 

Jun 27, 2019 12:58 PM

Tax on capital gains may continue this year, rise from 10% unlikely##Tax on capital gains may continue this year, rise from 10% unlikely


The 10 percent long-term capital gains (LTCG) tax imposed on profit above Rs 1 lakh in the last Budget will, in all probability, continue in this year's Budget, sources said. The sources said that there were neither chances of a hike above 10 percent nor of an increase in exemption limit above Rs 1 lakh. The long-term capital gains tax was imposed on shares being held for more than one year. Investors in equity-oriented mutual funds were also included in the LTCG tax net. However, all gains up to January 31, 2018 were grandfathered by the government. This tax was re-introduced after a gap of 14 years. READ MORE

Jun 27, 2019 12:41 PM

Government feels it's not the right time to privatise PSU banks

Updated : June 27, 2019 11:10 AM IST The government is considering various options to bring down the government's holdings in PSBs to 51 percent As of now, the government holding in PSBs facing PCA post recapitalisation is between 91 and 97 percent.
Closing Bell: Nifty ends June F&O Expiry below 11,850, Sensex flat; auto stocks gain, IT falls
Jun 27, 2019 12:24 PM

Cox & Kings hits lower circuit on rating downgrade##Cox & Kings hits lower circuit on rating downgrade

Shares of Cox & Kings hit a lower circuit of 10 percent on Thursday after Brickwork Ratings has downgraded the company's non-convertible debentures (NCDs) issue worth Rs 50 crore to BWR AA- from BWR AA+, with stable outlook.

Jun 27, 2019 12:09 PM

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