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Closing Bell: Sensex ends 113 points up, Nifty above 10,900, Reliance Industries lifts indexes, ITC, midcaps drag

Closing Bell: Sensex ends 113 points up, Nifty above 10,900, Reliance Industries lifts indexes, ITC, midcaps drag

Closing Bell: Sensex ends 113 points up, Nifty above 10,900, Reliance Industries lifts indexes, ITC, midcaps drag
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Summary

Reliance Industries did some heavy lifting for equity indexes, helping benchmark indices close with gains after a volatile session for the large part of the day on Monday. ITC and midcaps underperformed, limiting gains. The Sensex ended 113 points higher, while the Nifty was able to hold 10,900 mark. Reliance Communication shares plunged 50 percent today,Here are the main highlights from the stock markets today:

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Sensex heatmap at close: Reliance up 3.5%, ONGC 3%, Power Grid, Yes Bank fall over 3%##Sensex heatmap at close: Reliance up 3.5%, ONGC 3%, Power Grid, Yes Bank fall over 3%

Closing Bell: Sensex ends 113 points up, Nifty above 10,900, Reliance Industries lifts indexes, ITC, midcaps drag
Feb 4, 2019 3:50 PM

Closing Bell: Sensex, Nifty recover to end with gains led by Reliance Industries##Closing Bell: Sensex, Nifty recover to end with gains led by Reliance Industries

Indian shares bounced from the day's low to end on positive note with the broader Nifty settling above 10,900 level. The Sensex was up 113 points at 36,583, while the Nifty was up almost 19 points at 10912. Reliance Industries, ONGC, Bajaj Auto, TCS and Kotak Mahindra Bank are the top gainers on the Sensex, while losers include Yes Bank, Power Grid, NTPC, Sun Pharma and M&M. Among sectors, infra, auto, metal, FMCG and pharma witnessed selling pressure, while some buying saw in bank, energy and IT stocks.

Feb 4, 2019 3:41 PM

Whirlpool Q3 net profit rises 14% on a like-to-like basis##Whirlpool Q3 net profit rises 14% on a like-to-like basis

Feb 4, 2019 3:27 PM

Essel Group gets time from lenders till September to clean its books##Essel Group gets time from lenders till September to clean its books


Essel Group on Sunday that it has sealed a formal agreement with its lenders to keep it afloat, under which it gets time till September to deleverage
or pare its debt. The agreement is with those lenders who have taken pledged shares of the group flagship and listed entities, Zee Entertainment Enterprises and Dish TV India. On January 27, the group had confirmed that an understanding with the lenders had been achieved, which was finalised Sunday. The agreement was not to declare the company a defaulter as it had admitted that it could service the debt only up to December. Read more

Feb 4, 2019 3:27 PM

Aditya Birla Fashion reports Q3FY19 results##Aditya Birla Fashion reports Q3FY19 results

Feb 4, 2019 3:25 PM

Insecticides Q3 profit up 75% at Rs 17 crore##Insecticides Q3 profit up 75% at Rs 17 crore


Agro-chemical firm Insecticides India on Monday reported 75 percent increase in net profit at Rs 16.89 crore for December 2018 quarter. Its net profit stood at Rs 9.64 crore in the year-ago period, the company said in a regulatory filing. Total income rose to Rs 216.59 crore during third quarter of this fiscal from Rs 175.78 crore in the corresponding period of the previous year. In the first nine-month period of 2018-19, the company's profit grew to Rs 93.85 crore from Rs 76.28 crore in the corresponding period of the previous year. Total income rose to Rs 994.34 crore from Rs 940.33 crore during this period. Insecticides has formulation facilities at Chopanki (Rajasthan), Samba and Udhampur (Jammu & Kashmir) and Dahej (Gujarat). It also has two technical synthesis facilities at Chopanki and Dahej to manufacture technical grade chemicals. (PTI)

Feb 4, 2019 3:24 PM

Exide Q3 net profit comes at Rs 155 crore against Rs 154.3 crore year-on-year##Exide Q3 net profit comes at Rs 155 crore against Rs 154.3 crore year-on-year

Feb 4, 2019 3:16 PM

Eicher Motors up 3%, gains for 4th straight session, Sensex, Nifty in the green##Eicher Motors up 3%, gains for 4th straight session, Sensex, Nifty in the green

Shares of Eicher Motors gained for the fourth consecutive session to rise as much as 4 percent, as the expected rise in farm income, on account of support schemes announced by the government recently, is seen shoring up sales of automobiles. Shares quoted at Rs 20,075 on the NSE, up byu 2.09 percent at 3.12 pm. The benchmark Nifty50 traded higher by 27 points, or 0.25 percent, at 10,920. The Sensex was up by 107 points, or 0.30 percent, at 36,577. The Nifty MidCap as lower by 0.92 percent and the BSE MidCap down by 0.82 percent.   

Feb 4, 2019 3:15 PM

Welspun India Q3 net profit falls 37% year-on-year; one-time loss comes at Rs 29.4 crore##Welspun India Q3 net profit falls 37% year-on-year; one-time loss comes at Rs 29.4 crore

Feb 4, 2019 2:54 PM

Berger Paints plunges on weak operational performance, shares slump 8%##Berger Paints plunges on weak operational performance, shares slump 8%

Shares of Berger Paints India slumped 8 percent to a near two-month low of Rs 298.40 as the company's consolidated net profit for October-December of Rs 1.3 billion was below analysts' estimate of Rs 1.5 billion. However, the revenue from operations of the company grew nearly 21 percent to Rs 16.17 billion. The operating margin of the paint manufacturer contracted to 14.60 percent in October-December from 16.63 percent a year ago. Brokerage house JM Financial Research said the company's volume growth trajectory was weaker in the quarter ended December compared to its peer Asian Paints. The brokerage house expects the company's margins to improve going ahead, given crude oil prices have come down sharply over the past three months, which will reduce the price of crude oil derivatives used in manufacturing paints and varnishes. (Cogencis) Shares quoted at Rs 309.395, down 4.75 percent on the BSE. 

Feb 4, 2019 2:49 PM

Kalpataru Power at 3-month low as October-December PAT below view##Kalpataru Power at 3-month low as October-December PAT below view


Shares of Kalpataru Power Transmission fell 19 percent to hit their three-month low of Rs 300.20 as the company's net profit for the December quarter at Rs 920.1 million was below analysts estimate of Rs 960.4 million. The company's net profit was, however, 22.3 percent higher on-year. Revenue from operations for the quarter rose 21.7 percent at Rs 17.25 billion. The company's operating margin contracted to 10.66 percent in October-December as against 10.72 percent a year ago. Strong order book and consistent execution pace continue to provide strong revenue visibility for the company in near future, brokerage ICICIdirect.com said. (Cogencis)

Feb 4, 2019 2:32 PM

IDBI Bank sees a sharp fall ahead of its Q3FY19 results##IDBI Bank sees a sharp fall ahead of its Q3FY19 results

Feb 4, 2019 2:06 PM

Petronet LNG slips, analysts remain cautious on growth##Petronet LNG slips, analysts remain cautious on growth


Shares of Petronet LNG fell to hit a near two-month low of Rs 208.50 as analysts believe that the possible early tariff cut in Kochi, Kerala, is a near-term risk for the company's growth. Brokerage CLSA Asia-Pacific Markets has reportedly maintained its "sell" rating on the company's shares on the back of delayed volume ramp-up in Kochi facility along with an expected tariff cut. CLSA said that the Indian liquefied natural gas demand may barely rise this year. The volume growth of the company will remain under pressure due to rising competition and delay in commissioning the Kochi pipeline, said Edelweiss Securities. Shares of the company were down 5.6 percent at Rs 208.80. (Cogencis

Feb 4, 2019 2:01 PM

SBI has Rs 11,000 crore exposure to DHFL, says chairman Rajnish Kumar##SBI has Rs 11,000 crore exposure to DHFL, says chairman Rajnish Kumar


State Bank of India (SBI) last week reported steady profit for December quarter. Rajnish Kumar, chairman of SBI, spoke to CNBC-TV18 about the lender's financial performance.

Read full report here

Feb 4, 2019 1:45 PM

ICICI Bank: Is the market sniffing something afresh?##ICICI Bank: Is the market sniffing something afresh?

Until about a month ago, if you asked people what would be their number 1 index stock for 2019, the near consensus answer was ICICI Bank. Truth be told, this was a vanishingly rare instance where I thought the consensus had got it right. I also expected a big re-rating in ICICI Bank.

However, the events of the last 10 days have put a spanner in the works. Now I worry that there could be something amiss that this market is sensing on ICICI Bank. And what does that mean for the Bank Nifty and the Nifty itself? Read more

Feb 4, 2019 12:49 PM

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