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HDFC, TCS Top Losers - Shares of HDFC, TCS were among the biggest losers, shedding up to 0.60% in the morning trade. Asian Paints, IndusInd Bank shares are trading marginally higher. Shoppers Stop Gains -  After Aditya Birla MF Increases Stake Shares of the retail-store chain rose 3.3 percent to Rs 508.95. Aditya Birla Sun Life MF increased stakeholding to 7.01 percent from 5.01 percent in the company. according to its disclosure on stock exchanges. Trading volume was more than 130 times its 20-day average, according to Bloomberg data. The stock traded at 35 times its estimated earnings per share for the coming year. Graphite India Falls -  The Most In Nearly Two Weeks Shares of Graphite India fell as much as 3.7 percent, the most since June 21, to Rs 316.55. The company received a nod from Karnataka State Government to close Bengaluru plant. The production has been closed since Feb 21. On April 3, the company’s board approved a proposal to permanently close opera...

L&T Top Gainer -  On Sensex, Nifty After Order Win Shares of Larsen & Toubro rose as much as 1.5 percent to Rs 1,563.45. The stock was the top gainer on Sensex and Nifty. The company based an EPC order from SJVN Thermal to set up a 2x660 MW ultra-supercritical power plant in Buxar district, Bihar, according to its stock exchange filing. The order is valued at over Rs 7,000 crore as per the company’s order. Emami Falls After A Block Deal -  Shares of Emami extended declines for the tenth consecutive trading session, their longest losing streak in over a year. The stock fell as much as 5.9 percent to trade at near a five-year low at Rs 272.10. About 3.27 crore shares or 7.2 percent equity of Emami changed hands in a block deal. IndusInd Bank Gains On Promoters’-  Fund Raising Plans Shares of IndusInd Bank rose as much as 2.5 percent to Rs 1,485. The Hindujas will pump another Rs 2,700 crore into IndusInd Bank Ltd. through a warrant issue to ramp up t...

Tata Steel Ends Four-Day Fall-   Top Nifty Performer Shares of the steelmaker snapped its four-day losing streak and gained close 4.1 percent to Rs 491.80 each. Brokerage firm Goldman Sachs reinstated 'Buy' with a target price of Rs 570 on the stock. On the Indian steel sector as a whole, Goldman said the global activity slowed significantly and China growth concerns impact spreads. Can Fin Homes Surge-  After Promoter Gets Nod To Cut Stake Shares of the housing finance company rose 5.6 percent, the most in a month, to Rs 363 apiece? Canara Bank board permitted to sell stake in the company in part or full, according to an exchange filing. Stake sale to happen at an appropriate time depending on the market conditions and available options, the filing said. IRB Infra Hits -  Five Year Low Shares of the Mumbai-based infrastructure company fell for the third session in a row after it declined 14.2 percent intraday to Rs 89.55 each. National Highway Authority o...

BHEL Gains  -  After Order Win Shares of Bharat Heavy Electricals rose as much as 1.9 percent to Rs 69.95. The state-run firm won Rs 800 crore Engineering, Procurement and Construction orders for 200 MW solar power plants from NTPC Ltd. and Gujarat State Electricity Corporation Ltd. The stock traded at 16 times its estimated earnings per share for the coming year. News Alert -  1  Vedanta down 2% 2  Reliance Industries down over 1.5% 3  NDTV slips over 3% after Sebi takes action against Prannoy Roy and Radhika Roy 4  Jet Airways plunge over 11% Shriram Transport Finance Falls -  Nearly 8% After Block Deals Shares of Shriram Transport fell as much as 7.8 percent to Rs 1,000, the lowest in a month. About 2.26 crore shares or 10 percent equity of the company changed hands in two block deals, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was 2,529 times its 20-day average. Rupee Ope...

Yes Bank, IndusInd Bank top losers -  The leading gainers on BSE are Axis Bank, TCS, Asian Paints, and SBI, while the top losers are Yes Bank, IndusInd Bank, Vedanta, and Infosys. The Indian currency Rupee today opened flat at 69.37 a dollar against the previous close of 69.35 a dollar. Adani Enterprises zooms over 2% -  Adani Gets Key Approval To Start Building Australia Coal Mine Queensland’s Department of Environment and Science approved Adani’s Groundwater Dependent Ecosystem Management Plan for the Carmichael coal, according to Bloomberg report. The decision means Adani can begin work on the first phase, which is expected to cost A$ 2 billion, the report added. Rupee Opens: The Indian rupee opened flat at 69.34 per dollar on Thursday against previous close 69.34. Crude Update: Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in US crude stockpiles and worries ...

L&T Tech Falls -   On L&T’s Stake Sale Plans Shares of L&T Technology Services fell as much as 1.8 percent to Rs 1,687. Larsen & Toubro plans to sell 3.88 percent stake in the company. Bharti Airtel Swings  - On Africa Unit’s IPO Plans Shares of Bharti Airtel fluctuated between gains and losses to trade 0.16 percent higher at Rs 353.30. The company’s Africa unit plans to raise $750 million plus a greenshoe option of 15 percent of $750 million from IPO, according to its stock exchange filing.  Axis Bank, ICICI Bank Fall-   After Fitch Ratings Downgrade Shares of ICICI Bank fell as much as 1.3 percent to Rs 417.50 and shares of Axis Bank fell as much as 0.88 percent to Rs 805.80.  Jubilant Life Sciences Near Three-Year Low - Shares of Jubilant Life Sciences extended declines for the third consecutive trading session. The stock fell as much as 2.5 percent to Rs 476.10, the lowest since August 2016. Dr. Reddy’s Laboratories R...

Bharti Airtel gains over 1% - SingTel completes subscription of 17 cr shares in the rights issue of a company worth Rs 3,740 crore. Bajaj Auto, Powergrid shares have emerged among the biggest gainers, jumping up to 1.5%. SJVN gains 6% on strong Q4 nos - Profit jumps to Rs 458.9 crore versus Rs 132.2 crore; revenue spikes to Rs 805.2 crore versus Rs 344.8 crore (YoY). Rupee opening - Rupee opens stronger at 69.72/$ vs Wednesday's close of 69.83 against the US dollar Aban Offshore gains almost 5% on fundraising plan - Board approves raising up to $400 million overseas and raising up to Rs 2,500 crore via QIP. Crude Update: Oil prices climbed on Thursday after an industry report showed a decline in US crude inventories that exceeded analyst expectations. Top gainers in the Sensex pack include NTPC, Coal India, Bharti Airtel, Bajaj Auto, TCS, Asian Paints, PowerGrid, Tata Motors, RIL, and ITC, rising up to 2 percent. On the other hand, M&M, Vedanta,...

Lupin slips 5%  -  Lupin shares slipped 5 percent to Rs 722 in early morning trade on the BSE after the US health regulator classified the inspection of the company's Goa facility as Official Action Indicated (OAI). The stock was trading close to its 52-week low of Rs 720, touched on March 28, 2019, in intra-day deal.  Manpasand Beverages Hits Lower Circuit Of 20%-  Shares of the beverage manufacturer hit the lower circuit of 20% at Rs 88.10. The Central GST and Customs office arrested Managing Director Abhishek Singh, his brother Harshvardhan Singh and the company's Chief Financial Officer Paresh Thakkar after conducting an investigation, according to a statement by the agency. NTPC, Yes Bank, HDFC, Britannia, Sun Pharma, are among major gainers on the indices, while losers are JSW Steel, Manpasand Beverages, Jet Airways, BPCL, Zee Entertainment, Grasim, Kotak Mahindra Bank, Tech Mahindra, RIL, Adani Port, Bajaj Finserv and IndusInd Bank. Among sector...

Tata Chemicals Rises-  On Business Rejig Shares of Tata Chemicals rose as much as 5.2 percent to Rs 585.45. The Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations. Tata Chemicals will demerge its food business to Tata Global Beverages. Petronet LNG Falls  -  After Q4 Results Announcement Shares of Petronet LNG extended declines for the second consecutive trading session and fell as much as 3.6 percent, the most in over three months, to Rs 225 after the company announced its March quarter results. Bajaj Finance Extends Gain  -  Ahead Of Results Announcement Shares of Bajaj Finance extended gains for the second consecutive trading session and rose as much as 1.7 percent to Rs 3,053.70 ahead of results announcement. Titan Hits Record High   -  Shares of Titan extended gains for the eighth consecutive trading session, their longest gaining st...

Yes, Bank shares tanked by nearly 2%  -  to Rs 155, to emerge among the biggest Sensex losers.  Reliance Industries share price tanked by more than 1.5% to Rs 1,280.15 after global firm Morgan Stanley downgraded the stock to Equalweight.  Vodafone Idea Swings -  After Founders, Pledge Shares Shares of the telecom operator fluctuated between gains and losses to trade 0.7 percent higher at Rs 14.40. Shareholders of Vodafone Promoter Mauritius and Vodafone Promoter Indian pledged about 44.39 percent stake, the company said in a filing. Vodafone Group owns the stake through 12 entities based in India and Mauritius. The stake is valued at close to Rs 18,304 crore.  Yes Bank, Adani Ports, BPCL, UPL, Grasim, Gail, Cipla, HDFC, Power Grid, and RIL are trading lower , while on the other hand Hindalco, Britannia, Wipro, IOC, Coal India, and Hero Motocorp are among major gainers. Among sectors, except metal, all other sectors are trading lower. Rupee Ope...

Maruti Suzuki Falls-  After April Sales Decline Shares of Maruti Suzuki fell as much as 2.1 percent to Rs 6,525. The company sold 1.43 lakh units last month, a decline of 17.2 percent from the year-ago period, India’s largest carmaker said in an exchange filing. Suzuki shares are trading 1.4% lower at Rs 6,567.15. While IndusInd Bank shares are down by nearly 1% to Rs 1,593, to emerge among the biggest Sensex gainers. TVS Motor Falls -  The Most In Over Six Months After Q4 Results Announcement Shares of TVS Motor Company Ltd. fell as much as 8.2 percent, the most since Sept. 28, 2018, to Rs 452. Yes Bank, Eicher Motors, Jet Airways, IndusInd Bank, Tata Steel, Hindalco, Vedanta, TVS Motor, Maruti Suzuki, HPCL, BPCL are among major lower in the early trade, while gainers are ONGC, IOC, JSW Steel, Britannia HDFC Bank, and ITC. Expect Infra and FMCG, all other sectoral indices are trading in red led by auto, IT, metal and pharma. Rupee Opens: The Indian rup...

Lupin Falls-  The Most In A Month After U.S. FDA Owes Shares of the drugmaker fell 3.8 percent intraday, the biggest slide in over a month, to Rs 835 apiece. Lupin, in an exchange filing, said the U.S. health regulator had cautioned that the firm's Pithampur facility may be subject to regulatory or administrative action. IndusInd Bank, IOC shares gain - IndusInd Bank shares are trading 1.3% higher at Rs 1,675.50, while IOC shares are up 3% to Rs 168.65, to emerge among the biggest Sensex gainers.  Coromandel International, IOC, HPCL, BPCL, Indiabulls Housing, IndusInd Bank, Gail Zee Ent, HDFC, JSW Steel, RIL, Eicher Motors are among major gainers on the indices, while UltraTech Cement, ACC, ITC, Sun Pharma and Tata Global Beverage are trading lower.  On the sectoral front, bank, auto, energy, infra and IT are trading higher. Rupee Opens: The Indian rupee opened lower by 19 paise at 69.81 per dollar on Wednesday versus previous close 69.62. Sterlite Te...

RIL slumps 3%, HDFC Bank up  - Reliance Industries shares slumped nearly 3% to hit the day’s low at Rs 1,345.05. HDFC Bank shares are trading 0.5% up at Rs 2,301.75.  Shares of Mukesh Ambani-led Reliance Industries will assume focus after the firm reported strong Q4 results, and is set to separate fibre and tower assets in a bid to cut Jio debt. HDFC Bank shares will also be on the investor’s radar. L&T shares will also assume focus. Tata Coffee, SpiceJet, Dr Reddy's Lab, HDFC Bank, are among major gainers on the indices, while losers are Reliance Industries (RIL), Jet Airways, Reliance Capital, Reliance Infra, Reliance Power, Reliance Comm, SBI, DHFL and Canara Bank. On the sectoral front except IT, all other sectors are trading lower led by energy, infra, auto, bank, metal and pharma. Rupee Opens: The Indian rupee opened lower by 39 paise at 69.75 per dollar on Monday versus 69.36 Thursday. Oil Market Fall  - As Oil Near 6-Month High Shares of the...

HDFC Bank Falls -  On Possible Block Deal Shares of the Mumbai-based lender fell as much as 1.7 per cent, the most in nearly two months, to Rs 2,249. An undisclosed entity is likely to sell 1.1 crore shares or 0.42 per cent equity in the stock via block deal at a range of Rs 2,219-2,287 per share, implying a 3 per cent discount from the last regular trade, bankers involved in the deal. Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail, On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher. Rupee Opens: The Indian rupee opened flat at 69.28 per dollar on Wednesday versus previous close 69.29. Tata Motors, Yes Bank top gainers- Yes, Bank shares gained nearly 0.70% to Rs 273.50, while Tata Motors shares are trading 1% higher at Rs 207.55...

HDFC Bank Extends Record Run -  Shares of HDFC Bank extended gains for the sixth consecutive trading session, its longest gaining streak since September 2017. The stock rose as much as 0.94 per cent to hit an all-time high at Rs 2,247. Trading volume was more than double its 20-day average, The Relative Strength Index was above 70, indicating that the stock may be overbought. Jubilant FoodWorks Gains On Promoter’s Stake Sale Plans-  Shares of the Domino’s Pizza operator in India halted a two-day fall and rose as much as 3.3 per cent to Rs 1,369. The company’s promoter Jubilant Consumer Private Limited plans to sell 40 lakh shares at the floor price of Rs 1,272.6 apiece, aggregating to Rs 503.8 crore via secondary placement of shares.  Rupee trades lower against US dollar The Indian rupee on Thursday weakened marginally against the US dollar, tracking losses in its Asian peers as traders assess the global slowdown with China reporting weaker-than-expecte...

Market opens Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750. Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors.  The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth is negative as 303 shares advanced, against a decline of 475 shares, while 45 shares were unchanged. Infosys, Sun Pharma, and HPCL are the top gainers, while Larsen & Toubro, Axis Bank, and HDFC have lost the most.  DMart falls Shares of Avenue Supermarts, the operator of DMart stores, have fallen on the back of weak results for the December quarter.  Infosys Top Performer on Sensex, Nifty After Raising Forecast, Buyback Announcement Shares of the software developer rose as much as 3.9 per cent, the most since Nov. 28, 2018, to Rs 710....

Mumbai: The BSE Sensex and NSE’s Nifty 50 are set to open higher on Thursday as investors await December-quarter earnings, with TCS reporting its results later today. Asian stocks traded lower, with sharp losses in Japan, halting the post-Christmas rally in global stocks, in absence of any concrete details on US-China trade talks. US futures declined along with shares in South Korea and Hong Kong. Oil prices fell by 1% on rising US supply. SGX Nifty futures traded 27 points up at 10,902.50, indicating a positive start for the Sensex and the Nifty 50. Rupee opens marginally higher against US dollar The Indian rupee strengthened marginally against the US dollar, tracking gains in Asian peers after minutes from the US Federal Reserve confirmed patience on rate hikes. At 9.10am, the currency was trading at 70.36 a dollar, up 0.15% from the previous close of 70.47. Tata Motors and NTPC are top gainers, while IndusInd Bank, Axis Bank, Bharti Infratel and HPCL lost the most....

Mumbai : Indian benchmark indices BSE Sensex and NSE Nifty 50 advanced on Friday led by auto and metal stocks. Japan stocks slumped 4% on its first trading day of the year, leading Asian stocks lower, after weak economic data added to anxiety about global growth and Apple’s sales outlook cut sunk US stocks. Moreover, in India, investors turned cautious ahead of corporate earnings season beginning next week, with TCS and Infosys reporting December quarter results in the first round. Oil prices fell nearly 1% after the US showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check. Money Market Update: Rupee Strengthens After Two-Day Fall The Indian rupee strengthened after a two-day fall. The home currency appreciated as much as 0.35 per cent to 69.93 against the greenback. Jet Airways shares down over 3% Jet Airways shares fell as much as 3.34% to Rs 238.60 per share after the Economic Times reported t...

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...

Shares of India’s largest auto-maker Maruti Suzuki tanked in trade on Thursday morning, after the firm announced a sales target cut for FY19. Maruti Suzuki share price slumped by more than 1.7 percent to Rs 7,800 on BSE this morning. After declining sales growth in the last five months despite the festive season, Maruti Suzuki India said it would be unrealistic to expect double-digit growth in fiscal year (FY) 2018/19, something it had targeted at the start of the year in April. “We registered double-digit growth in the first half of the year but the third quarter has been tough. We are targeting flat sales in this quarter,” R C Bhargava, chairman, said. On the NSE, the stock plummeted 4.67 percent to settle at Rs 7,201 apiece. The shares hit a low of Rs 7,180 and a high of Rs 7,486.30 in the intra-day trade. Among the Sensex constituents, Maruti Suzuki was the worst hit. The auto major's stock had slumped over 2 percent on the bourses on December 5. Besides Maruti,...