Sectoral Trend: Banks, IT indices gain, auto slip##Sectoral Trend: Banks, IT indices gain, auto slip

May 30, 2019 3:44 PM

Top Nifty gainers and losers for the day##Top Nifty gainers and losers for the day

May 30, 2019 3:40 PM

Closing Bell: Markets end May F&O expiry at record close; Sensex up 330 points, Nifty at 11,947##Closing Bell: Markets end May F&O expiry at record close; Sensex up 330 points, Nifty at 11,947

Indian shares ended expiry day on record closing high on Thursday, led by gains in IT and banking stocks as investors awaited appointments for key ministries at Prime Minister Narendra Modi’s swearing-in ceremony. The Sensex settled 330 points higher at record closing high of 39,832, while the Nifty50 added 85 points to end at fresh closing high of 11,946. In broader markets, Nifty Midcap gained 0.8 percent, while, Nifty Smallcap was up 0.5 percent. NTPC, YES Bank, Bharti Airtel, TCS and Bajaj Finance were among the major gainers on the Nifty50, whereas Sun Pharma, Eicher Motors, Zee Entertainment, M&M, and ONGC led the losses. Sectoral indices were trading mixed during the day with Nifty Fin Services gaining the most, up 1.2 percent followed by Nifty IT (up 0.9 percent), and Nifty Bank (up 0.8 percent). Meanwhile, Nifty Metal and Nifty Auto fell 0.3 percent and 0.7 percent, respectively.

May 30, 2019 3:36 PM

Apollo Hospitals reports Q4 numbers, net profit rises 28.6% YoY##Apollo Hospitals reports Q4 numbers, net profit rises 28.6% YoY

May 30, 2019 3:28 PM

Alkem Laboratories gains 3% post Q4 results ##Alkem Laboratories gains 3% post Q4 results

Alkem Laboratories gained 3 percent after it reported that its consolidated net profit was up at Rs 167.3 crore against Rs 67.1 crore, revenue also rose 24.3 percent at Rs 1,854.2 crore versus Rs 1,492 crore, YoY.

May 30, 2019 3:19 PM

These 10 Nifty 50 stocks rose more than 17% this year

Benchmark indices are trading at near record high level this month after Narendra Modi-led BJP got a big mandate in the 2019 Lok Sabha Elections.

May 30, 2019 3:07 PM

Natco Pharma settles generic CarfilZomib Injection patent litigation##Natco Pharma settles generic CarfilZomib Injection patent litigation

Natco Pharma reaches Settlement Agreement with Onyx Therapeutics on patent litigation related to generic versions Kyprolis; company has partnered with Breckenridge Pharmaceutical to market the product in US

May 30, 2019 2:53 PM

TTK Healthcare's Q4 net profit & EBITDA slips more than 35% on a yearly basis##TTK Healthcare's Q4 net profit & EBITDA slips more than 35% on a yearly basis

May 30, 2019 2:39 PM

NBCC makes minor changes to resolution plan##NBCC makes minor changes to resolution plan

Jaypee Infra Committee of Creditors meeting held today. NBCC makes minor changes to resolution plan with respect to unsold inventory versus five key changes proposed by banks; CoC to put NBCC bid to vote starting tomorrow as per NCLAT orders: Sources tell CNBC-TV18.

May 30, 2019 2:23 PM

Vaibhav Global approves buyback##Vaibhav Global approves buyback

Vaibhav Global approved a proposal to buyback its own fully paid-up equity shares of face value of Rs 10 from the equity shareholders of the company for a price not exceeding Rs 1,000 per equity share.

May 30, 2019 2:07 PM

Havells Q4 profit dented by slowdown in demand: Here's what brokerages recommend

Most global brokerages, including CLSA, Jefferies, Citi, and HSBC remained bullish on the stock despite weak earnings.

May 30, 2019 1:52 PM

Weakness in growth is the biggest challenge for the new government, says HSBC India##Weakness in growth is the biggest challenge for the new government, says HSBC India

Hitendra Dave, head of global banking and markets, HSBC India, shared his views on the new government's priorities should be when it comes to the financial sector. “Base case looks like 6 percent with a possible downside risk there because all the indicators for that quarter across the number of sectors have indicated a significant contraction in demand vis-à-vis the year ago numbers," he said.

"So it certainly looks like the full year projections will have to be scaled down for the previous year and if the current fiscal year we have entered with that sort of momentum — even the current projection of 7.2 or so for this fiscal year — you would have to say that if the momentum is slow unless there is a significant U-turn, which people have experienced either in April or in May or immediately then even that potentially could be looked for the review on the downwards. The weakness in the growth is the biggest policy challenge in front of all policymakers,” he added. READ MORE

May 30, 2019 1:35 PM

Market extends gains; Nifty & Nifty Bank 300 points off day's low###Market extends gains; Nifty & Nifty Bank 300 points off day's low

May 30, 2019 1:18 PM

FY19 GDP growth at 6.9%, lower than CSO estimate: CNBC-TV18 poll##FY19 GDP growth at 6.9%, lower than CSO estimate: CNBC-TV18 poll

India's Gross Domestic Product (GDP) growth during the fiscal 2018-19 is expected to be 6.9 percent, lower than Central Statistics Office's (CSO) advance estimate of 7 percent, a CNBC-TV18 poll showed. The GDP growth was 7.2 percent during 2017-18. The growth could come at 6.3 percent for the January-March period, it said. The CSO will be releasing the quarterly GDP estimate for the quarter January-March (Q4FY19), 2019 and provisional annual estimates for 2018-19 on May 31. READ MORE

May 30, 2019 1:00 PM

Berger Paint’s Q4 earnings today: 10-12% volume growth & 3-5% realisation growth is expected##Berger Paint’s Q4 earnings today: 10-12% volume growth & 3-5% realisation growth is expected

May 30, 2019 12:45 PM

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