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NEWS ALERT | Biocon's Bengaluru unit receives EIR from US FDA: BSE filing -- EIR received for Biologics Drug Products Facility -- EIR informs about the closure of inspection Alert: Facility inspected between Aug 22 and Aug 30        : EIR is Establishment Inspection Report Sun Pharma Falls After Unit Taro Pharma Announces Q2 Results -  Shares of Sun Pharmaceutical Industries fell as much as 1.6 percent to Rs 431.05 after the company’s unit Taro Pharma announced its second-quarter results. Rupee Opens: The Indian rupee opened lower by 8 paise at 70.85 per dollar on Tuesday versus previous close 70.77. Yes, Bank gains nearly 9% after Jhunjhunwala buys the stake for Rs 86.89 crore - Shares of private lender Yes Bank rose nearly 9 percent in the early trade on November 5 after Rakesh Jhunjhunwala bought a stake in the company via open market transactions. Ace investor Rakesh Jhunjhunwala bought 1.29 crore shares in private lender on Novembe...

Breaking: Nifty Hits An All-time High The NSE Nifty 50 Index hit a new all-time high at 11,761. Yes, Bank shares jumped- by more than 2% to hit the day's high at Rs 287. Tata Steel shares are trading 1.7% higher at Rs 541, to emerge among the top Sensex gainers.  Marico Gains-  On Q4 Outlook Forecast Shares of the FMCG company rose as much as 3.9 per cent to Rs 360. Marico said that during the fourth quarter they have witnessed stable demand conditions and healthy offtake growth on the back of the competitive strength of the franchise, according to its exchange filing.  Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India. Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma and energy. Rupee Opens: The Indian rupee opened ma...

Kotak Mahindra Bank Falls 5% -   After Block Deals Shares of Kotak Mahindra Bank fell nearly 5 per cent intraday Rs 1,225. About 5.87 crore shares or 3 per cent equity of the Mumbai-based lender changed hands in a block deal, according to Bloomberg data. While the buyers and sellers were not immediately known, quoting two bankers in the know, that ING Group is looking to sell its stake in the private lender. Trading volume was 200 times its 20-day average. The stock advanced 22 per cent in the past 12 months compared to a 6.1 per cent advance in the Sensex.  Market Opens: Benchmark indices opened flat with a negative bias on Friday with Nifty holding above 10,750 level. At 09:17 hrs IST, the Sensex is down 36.45 points at 35861.90, while Nifty was down 15.10 points at 10774.80. About 400 shares have advanced, 347 shares declined, and 38 shares are unchanged.  Bajaj Auto, Maruti Suzuki, ICICI Bank, HUL, BPCL, HPCL, IOC, HDFC Bank are the top gainers in the m...

The Budget announcement with Nifty holding above 10,850 level. The Sensex is up 83.63 points or 0.23% at 36340.32, and the Nifty up 29.30 points or 0.27% at 10860.30. About 458 shares have advanced, 275 shares declined, and 34 shares are unchanged.  Dabur, Bharti Airtel, UPL are trading higher, while Vedanta tumbled 14 percent. Banking stocks including Bank of India, OBC, Bank of Maharashtra gained 4-14% after RBI lift the lending curbs. Piyush Goyal, the interim finance minister, is going to present the interim budget for 2019-20 in parliament today. Vedanta tumbles 18%: Shares of Vedanta fell around 18 per cent on Friday morning as investors turned wary of the stock after financial results. Vedanta has reported a 21 per cent on year decline in third quarter consolidated profit to Rs 1,574 crore due to lower commodity prices and shutdown of copper smelter at Tuticorin. Revenue from operations during the quarter dropped 2.8 per cent to Rs 23,669 crore compared...

Market opens It’s a flat start for the market on Tuesday morning, with the Nifty trading around 10,760. A brush of red is visible among the majority of the sector, while defensives such as IT and pharma are trading in the green. The Sensex is up 51.33 points or 0.14% at 35901.49, and the Nifty down 9.60 points or 0.09% at 10762.20. The market breadth is positive as 259 shares advanced, against a decline of 120 shares, while 32 shares were unchanged. ONGC, Sun Pharma, and Tata Motors are the top gainers, while M&M, Power Grid, and UltraTech Cement lost the most.  Rupee The rupee traded on a firm note against the US dollar, having risen to 71.56 in intra-day trade. The domestic unit on Friday closed at 71.90 against the greenback. Shares of Bandhan Bank ended higher for the fourth straight session, rising 7.5 per cent to Rs 573 on the BSE after the Kolkata-based private sector lender received prior approval from the Reserve Bank of India (RBI) to open new bran...

Mumbai: Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open higher on Monday, tracking positive cues in global markets, as December-quarter corporate earnings season begins this week. Japan’s Nikkei shot up 3.1%, helped in part by a pullback in the yen, while South Korea added 1.5%. Chinese stocks firmed after the country’s central bank announced an easing in policy.  Oil prices rose by over 1%, lifted by US-China trade talks, while supply cuts by major producers also supported the market. SGX Nifty Futures traded 103.50 points up at 10882, indicating a positive start for the Sensex and the Nifty 50. Titan shares rally 4% after robust jewellery sales growth Shares of jewellery-maker Titan rallied in trade on Monday morning, after the firm said that good growth momentum is seen across all its businesses in the seasonally strong third quarter. Titan shares gained by more than 3.8% to Rs 964 on BSE this morning.  Bandhan Bank Falls After ...

The S&P BSE Sensex started at 35,204.66 and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,508.70 against their last closing levels of 35,673.25 and 10693.70 respectively. At 9:55 am, the 30-share Sensex was at 35,023.98, down 649.27 points or 1.82 per cent and the 50-scrip Nifty was at 10,498.10, with a loss of 195.60points or 1.83 per cent. All 50 Nifty stocks and the entire 30-share Sensex pack plunged.  Top losers include Reliance Industries, Adani Ports, PowerGrid, Coal India, Asian Paints, Kotak Bank, ONGC, Vedanta, Yes Bank, Bharti Airtel, Hero MotoCorp and ICICI Bank, falling up to 4 per cent. Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.15 per barrel at 0129 GMT, up 48 cents, or 0.8 percent, from their last close. Rupee at 3 week low; slips...