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CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins

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CNBC-TV18 Market LIVE UPDATES: Indian benchmark equity indices, the BSE Sensex and NSE Nifty50 ended Thursday's volatile trade with gains led largely by Infosys, ICICI Bank and HDFC twins. The Nifty settled above the 11850 zone, while the Sensex was near the 40,300 mark. Here are the main highlights from the stock markets today:

CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins
  • Here's a quick wrap-up of how the markets fared today##Here's a quick wrap-up of how the markets fared today


    -Last-hour Recovery Helps Market Close Near Day’s High
    -Nifty Up 69 Points, Sensex 260 Points From Day’s Low
    -Nifty Bank Outperforms Frontline Indices, Up 412 Points From Lows
    -Midcap Index Closes In-line With Benchmarks, Up 144  Points From Lows
    -ICICI Bank, HDFC Bank & Infosys Lift Market While Reliance Ind Drags
    -Bharti Airtel & Bharti Infratel Amongst Top Nifty Losers On AGR Payment Issue
    -IOC Closes Higher As Rpts Say Govt Mulls Cutting Stake Below 51%
    -Zee Ent Slips 3% To End At A 2-week Low
    -Vedanta Falls 3% After Reporting Q2 Earnings Below Estimates
    -Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

  • Sensex heatmap at close: ICICI Bank, Infosys lead gainers, IndusInd Bank, Vedanta top losers##Sensex heatmap at close: ICICI Bank, Infosys lead gainers, IndusInd Bank, Vedanta top losers

    CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins
  • Closing Bell: Sensex gains 170 points, Nifty at 11872, Infosys, ICICI Bank lead gainers##Closing Bell: Sensex gains 170 points, Nifty at 11872, Infosys, ICICI Bank lead gainers

    The BSE Sensex jumped 170 points, or 0.42 percent, to settle Thursday's volatile trade at 40,286. The NSE Nifty50 also added over 31 points, or 0.27 percent, to end the day's trade at 11,872. The Nifty MidCap 100 index surged over 0.31 percent, while the Nifty Bank surged 0.68 percent. Among Nifty gainers, ICICI Bank surged 2.53 percent, while Infosys, Bajaj Finance, HDFC Bank and Maruti gained between 1 and 2 percent. Among losers, Bharti Infratel, IndusInd Bank, ZEEL, Vedanta and Hindalco declined between 2 and 4 percent.

  • Navkar Corp surges 8% as Q2 PAT up 3-fold on year##Navkar Corp surges 8% as Q2 PAT up 3-fold on year


     


    Shares of Navkar Corp extended gains and rose nearly 8 percent to Rs 36.60 after the company reported a threefold jump in net profit at Rs 10.15 crore in July-September. The company's operating margin expanded sharply in the quarter, up 710 basis points at 31.36 percent. Revenue from operations rose 16.5 percent to Rs 130 crore in July-September. So far today, 419,070 shares of the company were traded on the NSE, above the six-month average daily volume of 469,261 shares. The stock was up 4.6 percent at Rs 35.50 at 3.02 pm. 

  • Children's Day special! These 9 stocks could give bumper returns in the next 10 years
    On this Children's Day, which India celebrates every year on November 14, the birth anniversary of former Prime Minister, Moneycontrol collated a list of six stocks which can give double-digit returns in the long term.Get latest Market online at cnbctv18.com
    CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins
  • Prestige Estates Q2 profit up 14% at Rs 110.6 crore##Prestige Estates Q2 profit up 14% at Rs 110.6 crore


    Realty firm Prestige Estates Projects has reported a 14 percent increase in its consolidated net profit at Rs 110.6 crore for the second quarter of this fiscal year.

    Its net profit stood at Rs 96.8 crore in the year-ago period, according to a regulatory filing.

    Total income rose to Rs 1,962.7 crore during July-September period of 2019-20 fiscal year from Rs 1,338.7 crore in the corresponding period of the previous year.

    Prestige group has diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India.

    The group has completed 241 projects with developable area of 125 million sq ft and has 45 ongoing projects across segments, with total developable area of 48 million sq ft.

    Further, it has 65 million sq ft in the planning stage, and holds a land bank with potential developable area of over 29 million sq ft.

    The consolidated turnover of the company during 2018-19 was Rs 5,284 crore with operating income of Rs 1,566 crore.

  • Despite auto slowdown, this Maruti Suzuki car registered 419% yearly sales growth##Despite auto slowdown, this Maruti Suzuki car registered 419% yearly sales growth


    As auto sector in the country struggles owing to the ongoing economic slowdown, the festive season brought only a slight reprieve. The sales figures for October released by the Society of Indian Automobile Manufacturers (SIAM) showed the domestic passenger vehicle segment witnessed a marginal increase of 0.28 percent to 285,027 units last month, up from 284,223 units in October 2018. Maruti Suzuki India (MSI) has been one of the worst-affected manufacturers, consistently reporting declining sales over the course of the year. It reduced  production by 20.7 percent in October, making it the ninth straight month when the country's largest carmaker lowered its output. READ MORE

  • Pidilite Industries expects growth to improve in the medium term##Pidilite Industries expects growth to improve in the medium term

    Piditlite Industries reported weak second quarter earnings. Domestic volume growth was at mere 1 percent, while consumer volumes declined by 1 percent. Talking about the weak numbers, Pidilite Industries ED Apurva Parekh told CNBC-TV18  that it was due to a combination of factors such as unfavourable market conditions, liquidity challenge, and prolonged monsoon - all led to lower growth in the quarter. READ MORE

  • Muthoot Finance expects gold AUM growth to be at 15% for FY20, says MD##Muthoot Finance expects gold AUM growth to be at 15% for FY20, says MD

    Muthoot Finance on Wednesday reported a 76.4 percent jump in consolidated net profit at Rs 908.54 crore for the second quarter ended September 30 of this fiscal. The company's net profit stood at Rs 515.06 crore in July-September period last year. George Alexander Muthoot, the managing director of the company, in an interview with CNBC-TV18 spoke the result and outlook for the future. READ MORE

  • Central Bank Q2 results: FY19 gross NPA divergence at Rs 2,565 crore##Central Bank Q2 results: FY19 gross NPA divergence at Rs 2,565 crore

  • Q2 Earnings: 10 Nifty companies witness upgrades above 3%, while only 5 see downgrades##Q2 Earnings: 10 Nifty companies witness upgrades above 3%, while only 5 see downgrades


    According to a report by Motilal Oswal Financial Services (MOSL), the earnings upgrade-downgrade ratio has been balanced so far, with 31 MOSL universe companies witnessing upgrades of more than 3 percent and 29 witnessing downgrades of more than 3 percent, indicating a revival in earnings momentum. In the Nifty universe, 10 companies have witnessed upgrades of over 3 percent, while only five saw downgrades. READ MORE

  • Metals fall 2% on trade deal woes, China economic data##Metals fall 2% on trade deal woes, China economic data


    Shares of metal companies fell today as ongoing negotiations between the US and China have hit a roadblock over China's reluctance to commit to importing a specific number of agricultural products in the text of a potential deal. A delay in the execution of the US-China trade deal would bear a significant impact on metal companies as both the US and China are the biggest consumers of metal. Stocks of metal companies were further affected by a slowdown in China's economic growth for October. China's industrial output in the reporting month rose 4.7% on year, falling below market expectations by 50 basis points. Shares of Hindalco Industries, Hindustan Copper, Vedanta, National Aluminium Co, Steel Authority of India, and JSW Steel fell 0.4-2.9 percent.

  • CESC Ventures' shares plunged 8 percent post Q2 earnings##CESC Ventures' shares plunged 8 percent post Q2 earnings

    CESC Ventures reported a 93 percent fall in the consolidated net profit in the second quarter this year. The company's net profit came in at Rs 4.9 crore as against Rs 69.5 crore in the same quarter last year. 

    Consolidated revenue grew 0.7 percent at Rs 1,112.7 crore as compared to Rs 1,105.2 crore in the corresponding quarter last year. 

    In intraday, the shares plunged 8 percent at Rs 306.10 per share on the NSE. 

  • Nifty Indices Update: Nifty Metal remains the worst-performing index of the day##Nifty Indices Update: Nifty Metal remains the worst-performing index of the day

    Nifty Metal index plunged nearly 2 percent on Thursday followed by Nifty Pharma and Nifty PSU Bank. All sectors traded in red except Nifty IT and Nifty Financials. 

    CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins
  • October WPI Inflation at 0.16 percent v/s 0.33 percent MoM##October WPI Inflation at 0.16 percent v/s 0.33 percent MoM

    Food Inflation at 7.65 percent v/s 5.98 percent (MoM)
    Manufactured Products Inflation at -0.84 percent v/s -0.42 percent (MoM)
    Fuel & Power Inflation at -8.27 percent v/s -7.05 percent (MoM)
    Vegetables Inflation at 38.91 percent v/s 19.43 percent (MoM)
    Core Inflation at -1.6 percent v/s -1.1 percent (MoM)
    Onion Inflation at 119.84 percent v/s 122.40 percent (MoM)
    All Commodities Index up 0.7 percent MoM

  • VST Industries' shares 8 percent after Ramakrishna Damani buys stake##VST Industries' shares 8 percent after Ramakrishna Damani buys stake

    The share price of VST Industries rallied as much as 8 percent intraday on Thursday after ace investor Ramkrishna Damani bought stake in the company.

    At 11:55 am, the shares were trading 7.03 percent higher to Rs 4,572.15 per share on the NSE while in intraday, the share price rallied 8.01 percent at Rs 4,622.10. 

    Damani 2,70,000 shares in the company through bulk deal, at Rs 4,259.99 per share. 

    On the other hand, HDFC Mutual Fund offloaded 2,73,706 shares of the company at Rs 4,260 per share in the market.

  • Here's a quick round up of what has so far happened in the markes today##Here's a quick round up of what has so far happened in the markes today


    -Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge.

    -But indices turned positive largely on the back of Infosys and select private sector banks like HDFC Bank, ICICI Bank. 

    -At 11.41 am, the Sensex was up 142 points to trade at 40,258. The Nifty was also higher by 27 points at 11,867.

    -Shares of Vodafone Idea tanked 15 percent while Bharti Airtel slipped over three percent after the Department of Telecom (DoT) said companies will have to pay their Adjusted Gross Revenue (AGR) dues of roughly Rs 92,000 crore in three months as ordered by the Supreme Court (SC).

    -The share price of SpiceJet plunged 7 percent intraday on Thursday after the airlines reported a widened net loss in the July-September quarter this fiscal.

  • Ashoka Buildcon rises 9% as Q2 PAT beats estimate##Ashoka Buildcon rises 9% as Q2 PAT beats estimate


    Shares of Ashoka Buildcon snapped their four-day losing streak and surged over 9 percent after the company reported a 17 percent on-year rise in net profit for the September quarter at Rs 72.69 crore. Revenue from operations during July-September rose 7.6 percent on year to Rs 820 crores, operating margin expanded 138 basis points to 14.94 percent. The stock had fallen over 3 percent in the past four sessions. Trading volume in the stock was nearly twice the six-month average daily volume of 411,176. 

  • SpiceJet's shares plunge 7% after Q2 net loss widens##SpiceJet's shares plunge 7% after Q2 net loss widens

    The share price of SpiceJet plunged 7 percent intraday on Thursday after the airlines reported a widened net loss in the July-September quarter this fiscal. India's second-largest domestic airlines' total net loss widened to Rs 462.6 crore on account of grounding of Boeing 737 MAX along with the change in accounting standard. The company had posted a net loss of Rs 389.4 crore for the same quarter last year. READ MORE

  • Commodities: Gold gains as weak China data weighs on risk appetite##Commodities: Gold gains as weak China data weighs on risk appetite


    Gold prices inched up on Thursday as Asian equities turned lower after weaker-than-expected economic data out of China weighed on risk appetite, boosting demand for safe-haven assets. Spot gold was up 0.1 percent at $1,464.31 per ounce, as of 0401 GMT, while US gold futures rose 0.1 percent to $1,464.80 per ounce. Elsewhere, palladium XPD= climbed 0.4 percent to $1,716.63 per ounce. Silver was down 0.1 percent at $16.95 per ounce and platinum dipped 0.1 percent to $872.90 per ounce.

  • Vodafone-Idea slip 15%, Bharti Airtel down 3% as DoT asks operators to clear AGR dues in 3 months##Vodafone-Idea slip 15%, Bharti Airtel down 3% as DoT asks operators to clear AGR dues in 3 months

    Shares of Vodafone Idea tanked 15 percent while Bharti Airtel slipped over three percent after the Department of Telecom (DoT) said companies will have to pay their Adjusted Gross Revenue (AGR) dues of roughly Rs 92,000 crore in three months as ordered by the Supreme Court (SC). READ MORE

  • Grasim Ind may see its numbers coming in lower YoY. Margin seen at 16.4% Vs 20.9% YoY##Grasim Ind may see its numbers coming in lower YoY. Margin seen at 16.4% Vs 20.9% YoY

  • Aurobindo Pharma shares tumble 9% after USFDA issues Form 483 for Hyderabad facility##Aurobindo Pharma shares tumble 9% after USFDA issues Form 483 for Hyderabad facility

    Shares of Aurobindo Pharma tumbled over 9 percent on Thursday after the United States Food and Drug Administration (USFDA) issued a 'Form 483' to its Hyderabad facility with 14 observations. The stock shed as much as 9.4 percent to Rs 392.60 per share on BSE. At 10:05 am, the stock was trading 8.2 percent lower at Rs 397.45 as compared to a 0.1 percent or 37 points fall in BSE Sensex at 40,079. READ MORE

  • RITES shares jump over 5% post Q2 results; 35% gain in 2019##RITES shares jump over 5% post Q2 results; 35% gain in 2019


    RITES Ltd shares jumped over 5 percent on Thursday after the railways engineering consultancy company reported profits of Rs 237.21 crore for the September quarter as against a profit of Rs 111.87 crore in the corresponding quarter last year. The company said its consultancy business has provided revenue of Rs 255 crore against Rs 284 crore in Q2FY19. The lower revenue is largely due to prolonged monsoon affecting project management consultancy fee and some projects not reaching their billing stages. The consultancy business has been able to register gross profit margin of 44.5 percent. READ MORE

  • Coffee Day Enterprises posts a net profit of Rs 1,509 crore##Coffee Day Enterprises posts a net profit of Rs 1,509 crore

    Coffee Day Enterprises announced its unaudited results for Q1FY20. It reported a net profit of Rs 1,509 crore in the first quarter of this financial year as it booked a one-time gain of Rs 1,659 crore from the sale of Mindtree stake. Net profit stood at Rs 17 crore in the year-ago period. Excluding the gain, the company, however, reported a loss of Rs 156.6 crore for the April-June period. Its revenue stood at Rs 942 crore, down 2 percent on a year-on-year basis. Post the demise of CDEL group chairman V G Siddhartha, the company had taken approval to delay its Q1 result announcement by 45 days. Coffee Day Enterprises, which owns and operates India's largest coffee chain Cafe Coffee Day, has a total debt of Rs 4,970 crore, according to its regulatory filing on August 17.

  • Coffee Day shares fall 5% after company delays Q2 results##Coffee Day shares fall 5% after company delays Q2 results


    Shares of Coffee Day Enterprises fell 5 percent on Thursday after the company announced a delay in the announcement of the second quarter and half-yearly results owing to a probe into the accounts of the company and its subsidiaries. According to the regulatory filing, the probe into the company’s accounts is progressing and is likely to take a few more weeks for completion. The stock fell as much as 5 percent to Rs 41.15 per share on BSE. At 9:34 am, the stock was trading 2.8 percent lower at Rs 42 as compared to 0.12 percent or 46 points fall in BSE Sensex at 40,069. READ MORE

  • This is the only stock in 2019 to surge over 50% in its first month of listing##This is the only stock in 2019 to surge over 50% in its first month of listing

    The stock continues to win the hearts’ of investors and touch record highs every consecutive trading session. READ MORE

  • Market fails to hold opening gains##Market fails to hold opening gains

  • Opening Bell: Sensex, Nifty start marginally higher##Opening Bell: Sensex, Nifty start marginally higher

    The BSE Sensex started 63 points higher, or 0.16 percent, to trade at 40,179 in initial trade. The NSE Nifty50 edged up over 18 points, or 0.15 percent, to 11,859. The Nifty MidCap 100 index gained 0.17 percent, while the Nifty Bank surged 0.24 percent. Among gainers, Eicher Motors, Asian Paints, Infosys, ICICI Bank and Titan increased by up to a percent. Bharti Infratel, Bharti Airtel, IndusInd Bank, Tata Motors and Grasim declined between 1 and 6 percent. READ MORE

CNBC-TV18 Market LIVE UPDATES: Indian benchmark equity indices, the BSE Sensex and NSE Nifty50 ended Thursday's volatile trade with gains led largely by Infosys, ICICI Bank and HDFC twins. The Nifty settled above the 11850 zone, while the Sensex was near the 40,300 mark. Here are the main highlights from the stock markets today: