Thank you readers! Here are the key highlights from today's session

- Market Continued To Be Volatile Amid India-China Border Tensions

- Market Fails To Hold Intra-day Recovery, Nifty Closes Below 9,900

- Nifty Slips 33 Points To 9,881 and Sensex 97 Points To 33,508

- Midcap Index Closes Flat At 14,247 and Nifty Bank 95 Points Lower At 20,202

- HDFC Twins, Kotak Bank and ITC Drag Nifty While Bharti Airtel, Maruti and Axis Bank Support

- Bharti Airtel and Vodafone Idea Close In The Green Ahead Of AGR Hearing Tomorrow

- Maruti Top Nifty Gainer On Hopes Of Auto Demand Recovery, Up Over 4 percent

- Globus Spirits, Adani Green, Take Solutions and Network18 Hits Upper Circuit Today

- TV18 and Escorts Hit 52-week Highs, End With Gains Of 3-4 percent

- HPCL Ends 2 percent Higher After Reporting Profit In Q4 Against An Expectation of Loss

- Market Breadth In Favour Of Advances With Advance-Decline Ratio At 4:3

Jun 17, 2020 3:41 PM

Closing Bell: Sensex, Nifty end lower after a volatile session

Indian indices ended lower on Wednesday after a volatile session amid caution on escalating border tensions between India and China. A spike in coronavirus cases both at home and abroad also weighed on the sentiment. Financials and FMCG stocks led the fall with index heavyweights HDFC, HDFC Bank, Kotak Bank, ITC, and Asian Paints contributing the most to the losses. The Sensex ended 97 points lower at 33,508 while the Nifty lost 33 points to settle at 9,881. Maruti, Bharti Airtel, Wipro, Britannia, and Axis Bank were the top gainers on the Nifty50 index, while Bharti Infratel, Kotak Bank, ITC, PowerGrid, and M&M led the losses.

Jun 17, 2020 3:34 PM

Triveni Engineering reports strong Q4 earnings

Jun 17, 2020 3:17 PM

Loan moratorium: SC sees "no merit in charging interest on interest" for deferred payments

Te Supreme Court on Wednesday said it sees "no merit in charging interest on interest" for deferred payments of loan instalments during the moratorium period announced due to the COVID-19 crisis. Once the moratorium is fixed, it should serve the purposes, the Justice Ashok Bhushan-led bench noted, adding that the Centre should consider interfering in the issue as everything cannot be left to the banks. The apex court was hearing a plea filed by Gajendra Sharma, a resident of Agra, seeking a direction to declare the portion of the RBI's March 27 notification "as ultra vires to the extent it charges interest on the loan amount during the moratorium period, which create hardship to the petitioner being borrower and creates hindrance and obstruction in ''right to life'' guaranteed by Article 21 of the Constitution of India".

Jun 17, 2020 3:05 PM

Reliance Industries stock jumps over 85% from March lows. Is the rally over?

The stock has rallied over 86 percent from its March low of Rs 867.82 to its 52-week high of Rs 1,647.85 that it hit Tuesday.Get latest Market online at cnbctv18.com

Jun 17, 2020 2:52 PM

Natco Pharma falls over 4% on weak Q4FY20 earnings

Natco Pharma reports 22.1 percent YoY decline in Q4FY20 net profit at Rs 94.1 crore as compared to Rs 120.8 crore in the same period last year. Revenue fell marginally to Rs 454.8 crore. EBITDA declined 13.5 percent to Rs 128.3 crore while EBITDA margin contracted 430 bps to 28.2 percent, YoY.

Jun 17, 2020 2:39 PM

Who are Robinhood investors and are they powering the recent Wall Street rally?

While the US economy is facing one of its deepest recession, the US markets have recently witnessed a V-shaped recovery. Are these 'Robinhood investors' driving the recovery?Get latest Market online…

Jun 17, 2020 2:20 PM

Rupee ends stronger versus the dollar today

Jun 17, 2020 2:07 PM

Navin Flourine surges 6% on Q4 earnings

Shares of Navin Fluorine International zoomed 6 percent to Rs 1,655 on the BSE after the company reported a 675.13 percent surge on a year-on-year (YoY) basis in consolidated net profit to Rs 272.69 crore in March quarter of 2019-20 (Q4FY20). The company's sales rose 9.5 percent YoY to Rs 276.57 crore in the quarter as against Rs 252.58 crore posted during the corresponding quarter last year. It posted a 52 percent YoY growth in its Speciality Business revenues to Rs 104 crore on the back of strong performance in domestic and export markets driven by higher volumes.

Jun 17, 2020 1:48 PM

Top Sensex gainer and losers at this hour

Jun 17, 2020 1:35 PM

Govt collects 7% of full-year direct tax target as of mid-June

The government has collected Rs 92,681 crore through net direct tax collections as of June 15, 7.03 percent of its full-year target of Rs 13.19 lakh crore, sources said. This represents a 32.3 percent fall in collections year-on-year: last fiscal, the government had mopped up Rs 1,36,941 crore in net direct taxes till around the same time, or about 11.7 percent of the then budgeted target. Gross direct tax collections received as on 15 June stood at Rs1,37,825 crore, down by 31 percent compared to Rs 1,99,755 crore during the same period last year.

Jun 17, 2020 1:21 PM

European shares rise as hopes of recovery remain strong

European shares opened higher on Wednesday, with hopes of a swift rebound from a coronavirus-led economic slump gaining traction even as curbs on movement in Beijing were put in place to contain a potential second wave of COVID-19 cases. The pan-European STOXX 600 index rose 0.4 percent, after logging its best day in nearly one month in the previous session on the U.S. Federal Reserve’s plan to start buying corporate bonds and a report the Trump administration was preparing a nearly $1 trillion infrastructure proposal.

Jun 17, 2020 1:08 PM

UK inflation drops to four-year low in May as oil prices slump

British inflation fell to its lowest level since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and caused oil prices to tumble, leaving the Bank of England free to ramp up its stimulus programme again. Consumer price inflation slowed to 0.5 percent from April’s 0.8 percent, the Office for National Statistics said, in line with the average forecast in a Reuters poll of economists.

Jun 17, 2020 12:55 PM

Have tremendous capacity to ramp up dexamethasone production, says Wockhardt's Khorakiwala

Have tremendous capacity to ramp up dexamethasone production, says Wockhardt's Khorakiwala. Get latest Healthcare online at cnbctv18.com

Jun 17, 2020 12:42 PM

HDFC AMC shares fall 3% as Standard Life Investments to sell 2.82% stake

The share price of HDFC Asset Management Company declined over 3 percent on Wednesday after its offer for sale (OFS) of up to 60,00,000 equity shares began. The company had announced that its promoter Standard Life Investments will sell up to 60 lakh shares or 2.82 percent stake with an option to sell an additional 60 lakh shares via an offer for sale on June 17-18 at a floor price of Rs 2,362 per share. The stock fell 3.14 percent to hit an intraday low of Rs 2,459.00 apiece on the BSE. Read here.

Jun 17, 2020 12:28 PM

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