homemarket Newsstocks News

CNBC TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points

CNBC-TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points

CNBC-TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points
Read Time
Summary

CNBC-TV18 Market Highlights: Indian equity benchmark indices closed higher for the fourth consecutive day on Wednesday on the back of gains from PSU banks.At 3:30 pm, the 30-share BSE Sensex ended 220.03 points or 0.55 percent at 40,051 while 50-share index Nifty50 ended with 63.40 points or 0.54 percent higher at 11,850.25.Broader indices continued to trade higher, with Nifty Midcap 100 index up 0.62 percent and Nifty Smallcap 100 index up 0.30 percent.

Live Updates

Closing Bell: Market ends higher for 4th consecutive day, Sensex ends at 40,000##Closing Bell: Market ends higher for 4th consecutive day, Sensex ends at 40,000

Indian equity benchmark indices closed higher for the fourth consecutive day on Wednesday on the back of gains from PSU banks. Nifty PSU bank index rose 3.69 percent with Central Bank (16.11 percent) and Syndicate Bank (12.82 percent) leading the gains.

At 3:30 pm, the 30-share BSE Sensex ended 220.03 points or 0.55 percent at 40,051 while 50-share index Nifty50 ended with 63.40 points or 0.54 percent higher at 11,850.25.

GAIL, SBI, TCS, Grasim and Bharti Airtel were the top gainers while Bharti Infratel, YES Bank, Maruti Suzuki, Cipla, and Britannia were the top laggards at the closing bell.

Oct 30, 2019 3:36 PM
Oct 30, 2019 3:19 PM

Tata Chemicals Q2 Earnings: Net profit rises 10%##Tata Chemicals Q2 Earnings: Net profit rises 10%

Consolidated net profit up 10.3 percent at Rs 355 crore as against as Rs 321.7 crore in the corresponding quarter last year.

Consolidated revenue up 4.1 percent at Rs 3,083.5 crore against Rs 2,960.6 crore YoY. Consolidated EBITDA rose 5.5 percent at Rs 635 crore.

At 3:13 pm, the shares were trading 1.72 percent lower to Rs 611.95 per share on the NSE.

Oct 30, 2019 3:14 PM

United Bank of India jumps 20% in-trade##United Bank of India jumps 20% in-trade 

United Bank of India in its July-September quarter reported net profit at Rs 124 crore as against the loss of Rs 883.2 crore last year.

Net interest income (NII) grew 74.6 percent at Rs 773 crore as against Rs 442.6 crore in the corresponding quarter last year. 

Net NPA reduced to 7.88 percent from 8.19 percent QoQ. Provisions decreased significantly to Rs 436.4 crore v/s Rs 1,41 crore YoY.

At 3:10 pm, the shares were trading 20 percent higher to Rs 8.90 per share on the NSE.

Oct 30, 2019 3:11 PM

Bharti Airtel Concall Highlights: Digital TV biz grew on subscriber additions & upgrades to premium packs##Bharti Airtel Concall Highlights: Digital TV biz grew on subscriber additions & upgrades to premium packs

1. Hope the government will take a balanced approach on AGR matter for long-term viability

2. Recommended that nil termination charge be deferred by 3 years

3. Impacted by Jio phones in bottom-end of the market i.e. in feature phones

4. Awaiting the outcome of the committee of Secretary formed to consider relief

Oct 30, 2019 2:55 PM

MRF board to consider issue of NCDs##MRF board to consider issue of NCDs

MRF board to consider the issue of non-convertible debentures in its meeting scheduled on November 8 along with standalone and consolidated unaudited financial results of the company for the quarter and half year ended September 30, 2019, and declaration of interim dividend. 

At 2:50 pm, the stock was down 0.37 percent to Rs 64,932.75 per share on the NSE.

Oct 30, 2019 2:51 PM

Graphite India's Q2 net profit plunges to Rs 185 crore v/s Rs 1,113 crore YoY##Graphite India's Q2 net profit plunges to Rs 185 crore v/s Rs 1,113 crore YoY

Graphite India's reported a very weak second-quarter this year, with consolidated net profit plunging to Rs 185 crore as compared to Rs 1,113 crore in the corresponding quarter last year.

Consolidated revenue tanked 62.4 percent YoY at Rs 882 crore from Rs 2,345 crore last year.  EBITDA also declined 91.5 percent YoY at Rs 140 crore v/s Rs 1,640 crore last year. 

The stock is currently trading 2.75 percent lower to Rs 284.70 per share on the NSE.

Oct 30, 2019 2:12 PM

Indoco Remedies' shares rally 15% after strong Q2 gains##Indoco Remedies' shares rally 15% after strong Q2 gains

The shares of Indoco Remedies rallied 15.58 percent intraday on Wednesday after the pharma company reported a strong set of July-September quarter numbers. The company's consolidated net profit came in at Rs 7.8 crore as against the loss of Rs 7.4 crore year-on-year (YoY). 

Consolidated revenue rose 21 percent YoY at Rs 286.2 crore as compared to Rs 236.3 crore in the year-ago. Earnings before interest tax, deprciation, and amortization increased to Rs 26.3 crore as compared to Rs 12.4 crore YoY. 

Intraday, the stock rose 15.58 percent to Rs 178 per share on the NSE. 

Oct 30, 2019 1:52 PM

BSE Heatmap Update: 18 out of 30 BSE stocks trading in green##BSE Heatmap Update: 18 out of 30 BSE stocks trading in green

Out of 30 BSE stocks, 18 stocks continued to trade in green while 12 others were trading in the red. ITC (+3.99 percent) remained the top-gainer while Maruti Suzuki (1.43 percent) remained the top-loser. 

CNBC-TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points
Oct 30, 2019 1:24 PM

Ramco Cements Earnings: Consolidated Q2 net profit rises 43.2% YoY to Rs 172.3 crore##Ramco Cements Earnings: Consolidated Q2 net profit rises 43.2% YoY to Rs 172.3 crore

The mid-cap cement manufacturer on Wednesday reported a healthy set of Q2 numbers with consolidated net profit surging 43.2 percent year-on-year (YoY) at Rs 172.3 crore as compared to Rs 120.3 crore.

Consolidated revenue rose 11 percent YoY to Rs 1,324 crore as compared to Rs 1,192.3 crore last year. 

Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 17.9 percent YoY at Rs 300 crore as against Rs 254.6 crore in the corresponding quarter last year. 

Tax expenses saw a decline this Q2FY20 to Rs 46.1 crore from Rs 54.4 crore YoY. 

Oct 30, 2019 1:13 PM

Nifty Indices Update: Nifty PSU Bank sees strong buyout while Nifty Media remains weak##Nifty Indices Update: Nifty PSU Bank sees strong buyout while Nifty Media remains weak

Nifty PSU Bank rose 3.59 percent at 12:58 pm. The next one in line is Nifty IT, rising 1.29 percent followed by Nifty FMCG and Nifty Bank. On the other hand, Nifty Media sees weak momentum, declines 0.17 percent followed by Nifty Realty, Nifty Auto and Nifty Pharma.

CNBC-TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points
Oct 30, 2019 1:01 PM

Afternoon Session: Markets rally for a second consecutive day, Sensex holds 40,000 level##Afternoon Session: Markets rally for a second consecutive day, Sensex holds 40,000 level

The Indian equity benchmark indices continued to trade higher for the second consecutive session on Tuesday led by the gains in PSU banking stocks.

At 12:35 pm, the 30-share BSE Sensex was trading 234.26 points or 0.59 percent higher at 40,066.10 while Nifty50 was up 61.60 points or 0.52 percent at 11,847.60.

Nifty PSU Bank index was the best-performing index, rallying over 3 percent while Nifty Media declined 0.35 percent. 

SBI, ITC, Bharti Airtel, Infosys, and Bharti Infratel were the top gainers during the afternoon session while Britannia, Coal India, Cipla, Dr Reddy's Laboratories and Maruti Suzuki were the top laggards.

Oct 30, 2019 12:44 PM

Petronet LNG says FY20 tax rate to be less than 25.17% on deferred tax credit of Rs 380 crore. And for the Tellurian LNG deal, the company will appoint a consultant soon. The deal can  be extended by 2-3 months in case of a delay

CNBC-TV18 Market Highlights: Sensex ends at 40,000, Nifty closes up over 60 points
Oct 30, 2019 12:13 PM

Bharti Airtel's shares rise after it pares losses, 3%##Bharti Airtel's shares rise after it pares losses by 3%

The shares of Bharti Airtel rises 3 percent on Wednesday after the company's Q2 operational highlights beat estimates.

At 11:50 am, the stock price was trading 2.54 percent higher to Rs 369.05 per share on the NSE.

The telco submitted operational highlights for Q2 on Tuesday after deferring July-September Q2 earnings. 

During Q2FY20, its ARPU came in at Rs 128 as compared to Rs 129 QoQ. It's mobile MOU (Minutes Of Usage)  rose 4.5 percent at Rs 848 v/s Rs 888 (QoQ)   

It;'s mobile revenue grew 1 percent merely to Rs 10,981 crore versus Rs 10,866 crore QoQ. 

Oct 30, 2019 11:54 AM

HDFC Life Insurance's stock price rally##HDFC Life Insurance's stock price rally over 4%

HDFC Life Insurance's shares rallied 4.4 percent intraday on Wednesday after more than 5 percent equity exchanged hands through block deals.

The insurer reported a 7.6 percent year-on-year (YoY) increase in its September quarter (Q2) net profit at Rs 308.7 crore, while its premium grew by 10 percent YoY to Rs 7,453.7 crore during the period.

The stock has been one of the biggest gainers in the last year. It gave 70 percent returns against 16 percent rally in the NIfty50.

Oct 30, 2019 11:33 AM

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng