Shares Price Of Glenmark Pharma Fell 3 Percent As Global Brokerage

Glenmark Pharma fell 3%: Shares price of Glenmark Pharma fell 3 percent as global brokerage house CLSA downgraded the stock after March quarter earnings missed analyst estimates.

Coal India shares rallied 4 percent as global brokerages remained bullish on the stock after the fourth quarter earnings beat analyst expectations.

Global brokerage firms remained positive on state-owned oil & gas exploration company ONGC despite a weak Q4 show, with CLSA expecting a big re-rating on the stock.

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Larsen & Toubro Has Received Approval From Capital Market Regulator SEBI

Larsen & Toubro has received approval from capital market regulator SEBI for Mindtree open offer, reports CNBC-TV18 quoting sources.

Sources said L&T is likely to launch Mindtree open offer by June 18 and to bring in open offer at Rs 980 per share, the closing price on May 30.

The engineering and infrastructure major currently owns 29 percent stake in Mindtree.

L&T is yet to respond to CNBC-TV18's query w.r.t Mindtree open offer.

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The Sensex Is Up 149.96 Points Or 0.38% At 39981.93, And The Nifty Up 60.40 Points

The Sensex is up 149.96 points or 0.38% at 39981.93, and the Nifty up 60.40 points or 0.51% at 12006.30. About 530 shares have advanced, 311 shares declined, and 46 shares are unchanged.

Bharti Airtel, HDFC Bank, JSW Steel, Coal India, HPCL, Berger Paints, IndiGo and Tata Steel are some of the major gainers on the indices in the early trade, while losers are ONGC, HUL, Kotak Mahindra Bank and

All the sectoral indices are trading higher led by metal, pharma, bank, IT, auto, FMCG, pharma and infra.

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Manpasand Beverages Under Pressure For Fourth Day In A Row

Shares of Manpasand Beverages plummeted 10 percent intraday, hitting another 52-week low, after the officials of the company arrested for GST fraud were reportedly denied bail.

According to CNBC-TV18 sources, the company's Managing Director Abhishek Singh, his brother Harshvardhan Singh and the Chief Financial Officer Paresh Thakkar, who were arrested following a raid by the CGST Commissionerate Vadodara-II sleuths on May 23, have been denied bail.

On May 23, the CGST Commissionerate conducted multi-locational searches across various premises of Manpasand Beverages.

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The Sensex Is Up 36.91 Points Or 0.09% At 39538.96, And The Nifty Up 14.60 Points

The Sensex is up 36.91 points or 0.09% at 39538.96, and the Nifty up 14.60 points or 0.12% at 11875.70. About 511 shares have advanced, 349 shares declined, and 27 shares are unchanged.

Power Grid, Tech Mahindra, TCS, Wipro, Bajaj Auto, Tata Motors, RIL, West Coast Paper are some of the major gainers in the early trade, while losers are Sun Pharma, Yes Bank, ONGC, Cipla, Zee Entertainment, HDFC, UPL, Glenmark Pharma, BEL, United Spirits and Hero Motocorp

On the sectoral front, energy, infra, IT and pharma are trading with marginal gains.

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Asian Stocks Tracked Wall Street Losses On Thursday

Asian stocks tracked Wall Street losses on Thursday as rhetoric from Beijing and Washington over trade matters kept alive investor concerns about the tariff war's impact on global economic growth.

US stocks fell on Wednesday, with the S&P 500 and Nasdaq closing just above key support levels, as worries that a lengthy US-China trade war would crimp global growth pushed investors into the safety of government bonds.

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Maruti Suzuki To Harnesses Solar Power For Manufacturing Of Cars

Maruti Suzuki to harnesses Solar Power for manufacturing of cars:
The company recently laid the foundation stone for a 5 MW Solar Power plant at the Gurugram facility. The captive solar power plant is expected to be commissioned in FY 2019-20.

ICICI Lombard General Insurance Company shares gained 2.77 percent on May 29 after a media report indicated that global private equity player Warburg Pincus is exploring a stake sale in the company.

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Benchmark Indices Opened Lower On May 29 With Nifty Around 11,900 Level

Benchmark indices opened lower on May 29 with Nifty around 11,900 level.

The Sensex is down 47.14 points at 39702.59, while Nifty is down 11.50 points at 11917.30. About 418 shares have advanced, 418 shares declined, and 29 shares are unchanged.

Zee Entertainment, Vedanta, Bharti Airtel, ICICI Bank, SBI and UltraTech Cement are among major losers on the Indices in the opening trade, while gainers are HDFC, TCS, Gail, Eicher Motors, HDFC Bank and L&T.

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Wall Street Ends Lower: US Stocks Closed Lower On Tuesday

Wall Street ends lower: US stocks closed lower on Tuesday, with initial gains giving way to declines as the likelihood of a prolonged trade war between the United States and China once again kept risk appetite in check.

Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 16.50 points or 0.14 percent. Nifty futures were trading around 11,912.50-level on the Singaporean Exchange.

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Reliance Capital Will Sell Its Entire Shareholding In Reliance Nippon

Reliance Capital will sell its entire shareholding in Reliance Nippon Life Asset Management.

"The entire Reliance Nippon Life Asset Management stake monetization proceeds of around Rs 6,000 crore to be received from the Offer for Sale and the already announced transaction with Nippon Life Insurance Company of Japan will be utilised to reduce Reliance Capital’s outstanding debt," company said.

Shares of Time Technoplast surged more than 7 percent on May 28 after the company reported strong earnings for the quarter ended March 2019.

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It Is A Flat Start For The Indian Indices On May 28

It is a flat start for the Indian indices on May 28.

The Sensex is up 38.88 points at 39722.17, while Nifty is up 16.60 points at 11941.40. About 633 shares have advanced, 272 shares declined, and 45 shares are unchanged.

Yes Bank, Gail India, Adani Port, Zee Entertainment, Coal India, Asian Paints, SBI and Kotak Mahindra Bank are some of major gainers in the early trade, while losers are Emami, HPCL and IOC.

Among sectors, FMCG and PSU bank index are under pressure, while buying seen in the metal, auto, infra and pharma.

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Asian Shares Tracked European Gains On Tuesday

Asian shares tracked European gains on Tuesday, as relief over EU election results eased concerns about political difficulties in the bloc and merger news supported auto shares, although persistent concerns about trade capped regional sentiment.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 11,921-level on the Singaporean Exchange.

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Shares Of Lupin Declined 5.5 Percent In The Early Trade On Monday

Shares of Lupin declined 5.5 percent in the early trade on Monday after USFDA classified the inspection as official action indicated.

The company has received a communication from the USFDA classifying the inspection conducted at its Goa facility between January 28 to February 8, 2019 as OAI, company said in release.

Glenmark Pharmaceuticals receives ANDA approval for Aspirin and extended-release Dipyridamole capsules, 25 mg/200 mg.

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The Sensex Is Up 1.36 Points At 39436.08, And The Nifty Down 4.20 Points At 11839.90

The Sensex is up 1.36 points at 39436.08, and the Nifty down 4.20 points at 11839.90. About 580 shares have advanced, 345 shares declined, and 67 shares are unchanged.

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 sectors, auto, energy and pharma are trading lower, while buying seen in the metal, infra and FMCG.

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Asia Stocks Edged Up Early On Monday, And The Euro Was Confined

Asia stocks edged up early on Monday, and the euro was confined to a narrow range after the weekend’s European Parliament elections highlighted the deepening political fragmentation of the 28-country bloc.

Oil prices rose on Monday as ongoing supply cuts led by producer club OPEC kept markets relatively tight, but Brent remained below USD 70 per barrel on concerns over an ongoing trade war between the United States and China.

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Sun TV Network Shares Fell 6.5 Percent On May 24 After Company Reported

Sun TV Network shares fell 6.5 percent on May 24 after company reported weakear-than-expected operating results in January-March quarter due to TRAI's new regime. Brokerage houses slashed price target.

Share price of Jet Airways tanked over 8 percent after reports stated that Hinduja Group and Etihad Airways have failed to strike a deal to buy a stake in the cash-strapped airlines.

After election results, Anand Rathi, Chairman of Anand Rathi Group said, "Return of Modi/NDA government at the Centre is very positive for the country and its economy and people. This government has done far reaching reforms in their present tenure particularly introduction of GST, Bankruptcy law, Jan Dhan Yojana and number of welfare schemes for poor people, particularly for women, though it has not achieved its target for employment and investments in the economy."

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It Is A Positive Start For The Indian Indices On May 24 After Election 2019 Results

It is a positive start for the Indian indices on May 24 after Election 2019 results gave clear mandate to the BJP led NDA government.

The Sensex is up 348.76 points at 39,160.15, while Nifty is up 114.40 points at 11771.40. About 464 shares have advanced, 124 shares declined, and 20 shares are unchanged.

HDFC Bank, IOC, HPCL ,BPCL, Yes Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank, L&T, Asian Paints, Axis Bank, RIL, Bajaj Finance are the major gainers on the indices, while losers are ONGC, Bharti Infratel, Bajaj Auto, Tech Mahindra and HCL Tech.

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Asian Shares Hobbled Near Four-Month Lows On Friday

Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the US-China trade spat was developing into a more entrenched strategic dispute between the world's two largest economies, pushing investors to safe-haven assets.

US stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating US-China trade war would stymie global economic growth.

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Lok Sabha Election Results 2019 LIVE Updates | BJP Nears Historic 300-Mark

The AAP on May 23 congratulated the BJP for its victory and said it hopes that Prime Minister Narendra Modi would do "good work" in his future tenure.

The BJP was leading in all the seven seats in the national capital, with three of its candidates ahead by over one lakh votes, while the Congress and the AAP were trailing at the second spot in five and two seats respectively.

"In democracy, mandate of the people is considered to be very powerful. We respect the mandate of India and congratulate the BJP for its victory. We offer Prime Minister Narendra Modi best wishes for his future tenure. We hope he would do good work in his future tenure," Aam Aadmi Party spokesperson Saurabh Bharwaj said.

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Reliance Capital Will Exit Its Entire Stake In Reliance Nippon To Nippon Life

Reliance Capital will exit its entire stake in Reliance Nippon to Nippon Life. Nippon Life will make mandatory open offer at Rs 230 per share for Reliance Nippon stake.

PSU banks are prominent gainers on May 23 when the counting of votes for Lok Sabha elections indicated that BJP is set to form government again.

Hence, market experts believe that Monetary Policy Committee may cut repo rate in forthcoming policy meeting scheduled on June 3-6, which is the key reason for the rally in PSU banks.

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Benchmark Indices Touched All Time Record High As Sensex Hit 40,000

Benchmark indices touched all-time record high as Sensex hit 40,000 and Nifty crosses 12,000 for the first time as early trends are showing that BJP led NDA is taking clear majority.

The Sensex is up 887.97 points or 2.27% at 39998.18, and the Nifty up 263.10 points or 2.24% at 12001.About 1424 shares have advanced, 476 shares declined, and 78 shares are unchanged.

Mohammed Apabhai of Citi told CNBC-TV18 that India will get FII inflow after election verdit.

Outperformance of India among emerging markets is quite significant, he said. "I think lot of money forced into India even though is economy is not very strong."

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The Sensex Is Up 104.58 Points At 39457.25, While Nifty Is Up 28.80 Points At 11857.10

The Sensex is up 104.58 points at 39457.25, while Nifty is up 28.80 points at 11857.10. About 534 shares have advanced, 266 shares declined, and 64 shares are unchanged.

Adani Port, Dr Reddy's Lab, HDFC, RIL, Coal India and Bharti Infra are among major gainers on the indices, while losers are Tata Motors, BPCL, Tech Mahindra, HCL Tech, Infosys, Sun Pharma, TCS, Jindal Stainless, Astral Poly, Dhampur Sugar and Phillip Carbon.

Among the sectors, except IT all other sectoral indices are trading higher led by pharma, bank, metal, energy and FMCG.

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Adani Green Adds 3% After Promoters Offer To Sell Stake

Shares of Adani Green rallied nearly 3 percent intraday on May 21 after the promoters decided to offer up to 5.59 percent stake via Offer for Sale.

The company in its BSE release said that two promoters, Adani Tradeline LLP and Universal Trade and Investment, would together offer 8.75 crore shares at an offer price of Rs 43 per piece.

The share touched its 52-week high of Rs 77.60 and 52-week low of Rs 22.75 on 7 August 2018 and 2 July 2018, respectively.

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Tata Motors Slips 3% On Dismal Q4 Numbers; CLSA Maintains Sell

Shares of Tata Motors declined 3.6 percent in the early trade on May 21 after company reported weak set of numbers for the quarter ended March 2019.

The company has reported a 49 percent fall in its consolidated net profit at Rs 1,108 crore. The company had reported a profit of Rs 2,175 crore in a year ago period.

Revenue of the company declined to Rs 86,422 crore against Rs 89,928.97.

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Shares Of Welspun Enterprises Rose 10 Percent Intraday Monday

Shares of Welspun Enterprises rose 10 percent intraday Monday after it received provisional completion certificate for commencing commercial operation of the Dewas Industrial Water Supply Project w.e.f. April 30, 2019.


Inox Wind rose 6 percent on Monday after company minimise its losses in the Q4FY19 with a net loss at Rs 53.6 crore versus loss of Rs 55.7 crore, while revenue was down 11.7% at Rs 179.6 crore versus Rs 203.4 crore, YoY.

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The Benchmark Indices Opened Gap Up After Exit Polls For The Lok Sabha Election 2019

The benchmark indices opened gap-up after Exit Polls for the Lok Sabha Election 2019 projected a BJP led NDA to register a comfortable victory.

The Sensex is up 811 points or 2.14% at 38741.77, while Nifty is up 242.10 points or 2.12% at 11649.30. About 952 shares have advanced, 100 shares declined, and 34 shares are unchanged.

Yes Bank, M&M, IndusInd Bank, L&T, Bajaj Finance, Adani Enetrprises, HPCL, BPCL, Tata Motors, ICICI Bank, HDFC Bank and Sobha are among major gainers on the indices, while losers include Jubilant Life, Infosys and Tech Mahindra.

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Share Markets In Asia Got Off To A Steady Atart On Monday

Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China.

Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.

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Dr Reddy's Q4 Preview: Profit To Rise 37% YoY To Rs 413cr

Dr Reddy's Laboratories is slated to come out with its fourth quarter earnings on May 17. Kotak Institutional Equities expects the pharma major to report a net profit of Rs 413.6 crore, up 36.9 percent year-on-year and down 14.8 percent quarter-on-quarter.

Sales are expected to increase 7.7 percent YoY (down 1.1 percent QoQ) to Rs 3,807.5 crore.

Earnings before interest, tax, depreciation and amortisation is likely to rise 42.6 percent YoY (down 3.7 percent QoQ) to Rs 785.5 crore.

The research firm expects the US business to grow $10 million QoQ, given the benefits of Propofol and Suboxone launches, but the same could be offset by continued erosion in Metoprolol sales.

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Bajaj Auto Q4 Profit Likely To Decline 5% YoY To Rs 1,048cr

Bajaj Auto is scheduled to announce its fourth quarter earnings on May 17. Research and broking firm Sharekhanexpects the auto major to report a net profit of Rs 1,017.1 crore, down 5.8 percent year-on-year and 7.7 percent quarter-on-quarter.

Net sales are expected to increase 5.5 percent YoY (down 3.6 percent QoQ) to Rs 7,142.6 crore.

Earnings before interest, tax, depreciation and amortisation is likely to fall 416.7 percent YoY (down 35.2 percent QoQ) to Rs 15.3 crore.

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Benchmark Indices Opened On Flat With Positive Baas On May 17

Benchmark indices opened on flat with positive baas on May 17 amid mixed global cues with Nifty above 11,250.

At 09:17 hrs IST, the Sensex is up 80.26 points at 37473.74, while Nifty is up 21.40 points at 11278.50. About 419 shares have advanced, 327 shares declined, and 33 shares are unchanged.

Yes Bank, Zee Entertainment, DHFL, TCS, RIL, M&M, ITC, Wipro, Manapparum Finance and Reliance Capital are among major gainers on the indices, while losers are BPCL, NTPC, Eicher Motors, Sun Pharma, Tata Steel, SBI, PNB, PNB Housing, Interglobe Aviation and JSW Steel.

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Share Price Of Central Bank Of India Touched 52-Week Low

Central Bank of India hits 52-week low: Share price of Central Bank of India touched 52-week low of Rs 25.35, falling more than 8 percent after company's net losses increased in the quarter ended March 2019.

Shares of Mahindra Holidays and Resorts India fell nearly 3 percent on May 16 after the hospitality company reported a 62.6 percent YoY slump in net profit in the fourth quarter ended March 31.

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Indian Indices Opened On Positive Note On Thursday

Indian indices opened on positive note on Thursday on the back of mixed global cues.

The Sensex is up 57.54 points at 37172.42, while Nifty is up 15.50 points at 11172.50. About 389 shares have advanced, 232 shares declined, and 40 shares are unchanged.

J&K Bank, JSW Steel, Tata Steel, Vedanta, Tata Chemical, Tata Motors and Tata Global are among major gainers on the indices, while Indiabulls Housing, BPCL, L&T, Coal India, ITC, HDFC Bank, Manappuram Finance are among major losers.

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Wall Street Turned Positive On Wednesday Following Reports

Wall Street turned positive on Wednesday following reports that US President Donald Trump would hold off on imposing tariffs on imported cars and parts, easing slowdown fears after downbeat economic data.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 10 points or 0.09 percent. Nifty futures were trading around 11,172-level on the Singaporean Exchange.

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Nestle Q1 In Line With Estimates: Should Investors Buy, Sell Or Hold?

Brokerage firms remain mixed on Nestle India after the FMCG major reported a 9.25 percent rise in profit to Rs 463.28 crore for the first quarter ended on March 31, 2019, but high commodity prices impacted margins.

The company, which follows a January-December financial year, had posted a profit of Rs 424.03 crore in the same period a year ago.

Nestle also announced plans to launch organic food products in the category “milk products and nutrition” in the coming months.

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The Sensex Is Up 116.55 Points At 37435.08, While Nifty Is Up 34.50 Points

The Sensex is up 116.55 points at 37435.08, while Nifty is up 34.50 points at 11256.50. About 444 shares have advanced, 203 shares declined, and 21 shares are unchanged.

SBI, IndusInd Bank, Axis Bank, ICICI Bank, Nestle India are among major gainers on the indices, while losers are Yes Bank, Dr Reddy's Lab, Bharti Airtel, JSW Steel, Pidilite and Jet Airways.

All the sectoral indices are trading in green led by energy, FMCG, auto, bank and IT.

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Wall Street Ends Higher: Technology Stocks Led The S&P 500

Wall Street ends higher: Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with US stocks reclaiming ground lost to Monday's steep sell-off as investors took heart from a tonal shift in ongoing US trade negotiations with China.

Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a US-China trade war, although an overnight bounce on Wall Street helped limit the losses.

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The Research Firm Included ICICI Lombard General Insurance

The research firm included ICICI Lombard General Insurance in the MSCI India Domestic Index while deleted Cadila Healthcare from it, according to changes announced on May 13.

The MSCI quarterly index review changes will be effective May 29, 2019, said the MSCI release.

The MSCI India index is designed to measure the performance of the largecap and midcap segments of the Indian market. The index is reviewed quarterly—in February, May, August, and November—with the objective of reflecting a change in the underlying equity markets in a timely manner, while limiting undue index turnover.

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Glenmark Pharmaceuticals Has Been Granted Final Approval By The United States

Glenmark Pharmaceuticals has been granted final approval by the United States Food & Drug Administration for Esomeprazole Magnesium Delayed‐Release Capsules USP, 20 mg and 40 mg, a generic version of Nexium Delayed‐Release Capsules, 20 mg and 40 mg, of AstraZeneca Pharmaceuticals LP.

Realty was trading in the negative today, down 1.12 percent on Nifty. All but two constituent stocks were in the red, with Oberoi Realty being the biggest loser, down 3.07 percent. Prestige Estates Projects was the biggest gainer, trading 0.59 percent above on Nifty.

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Asian Market Trade Lower​: Shares In Asia Extended Losses On Tuesday

Asian market trade lower​: Shares in Asia extended losses on Tuesday following sharp falls on Wall Street overnight, the yen strengthened and US Treasury yields ticked lower as the trade war between China and the United States escalated.

Wall Street sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries' increasingly belligerent trade war, sending investors fleeing equities for less risky assets.

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Jet Airways Tumbles 5%: Etihad Airways Has Submitted A Non-Binding Bid

Jet Airways tumbles 5%: Etihad Airways has submitted a non-binding bid for Jet Airways, CNBC-TV18 reported. Etihad, which holds 24 percent stake in Jet Airways, has confirmed its bid.

"Etihad has been working consistently with key stakeholders in India over the past 15 months to help find a solution which would ensure Jet’s return as a viable and competitive Indian airline, and continues to do so," CNBC-TV18 report quoting the airline.

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It Is Weak Start For The Week As Benchmark Indices Opened Lower On May

It is weak start for the week as benchmark indices opened lower on May 13 with Nifty around 11,250.

The Sensex is down 69.91 points at 37393.08, while Nifty is down 27 points at 11251.90. About 295 shares have advanced, 398 shares declined, and 46 shares are unchanged.

Tata Steel, Hindalco, Eicher Motors, Dr Reddy's Lab Grasim Industries and Indiabulls Housing are among major losers on the indices, while gainers are TCS, SBI, Wipro, HCL Tech and Tech Mahindra.

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Wall Street Ends Higher: US Stocks Rebounded From Early Losses On Friday

Wall Street ends higher: US stocks rebounded from early losses on Friday to snap a four-day losing streak after US President Donald Trump and Treasury Secretary Steven Mnuchin said trade talks between the United States and China were “constructive.”

Trends on SGX Nifty indicate a negative start for the broader index in India, a fall of 33 points or 0.29 percent. Nifty futures were trading around 11,250.50-level on the Singaporean Exchange.

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Asian Paints Q4 Misses Estimates; Global Brokerages Slash Target Price

Most brokerage firms maintained their rating on Asian Paints post its March quarter results but slashed target prices as margins took a hit.

Asian Paints reported fourth-quarter earnings on May 9 that missed analysts estimates on weak operating income.

Consolidated profit was lower by 1.7 percent year-on-year at Rs 487 crore in the quarter ended March 2019. CNBC-TV18 poll estimated profit of Rs 570 crore and revenue of Rs 5,200 crore. EBITDA was expected at Rs 958 crore and margin at 18.4 percent for the quarter.

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The Sensex Is Up 138.45 Points At 37697.36, While Nifty Is Up 31.30 Points

The Sensex is up 138.45 points at 37697.36, while Nifty is up 31.30 points or 0.28% at 11333.10. About 457 shares have advanced, 181 shares declined, and 22 shares are unchanged.

Zee Entertainment, ICICI Bank, Yes Bank, RIL, SBI, Tata Steel, TCS are among major gainers on the indices, while losers are Asian Paints, Voltas, IOC, Wipro, HCL Tech, Infosys, Mahanagar Gas and Berger Paints.

On the sectoral front, IT and FMCG are trading marginally lower, while metal, pharma, auto and bank are witnessing buying interest.

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Asian Shares Inched Up From Two Month Lows On Friday

Asian shares inched up from two-month lows on Friday just hours ahead of the Trump administration's plan to raise tariffs on Chinese imports as investors looked to whether negotiators from the two countries can clinch a deal to avert the hike.

Wall Street's main indexes fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible.

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Shares Of Yes Bank Declined 2.4 Percent On Thursday

Shares of Yes Bank declined 2.4 percent on Thursday after India Ratings has downgraded the company's long-term ratings.

Jindal Steel & Power Limited has won an order from Rail Vikas Nigam Limited to supply 89042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects. 

The order is valued at approximately Rs 665 crore.

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The Sensex Is Down 150.24 Points At 37638.89, While Nifty Down 39.70 Points At 11319.80

It is weak start for the benchmark indices on May 9 with Nifty opened around 11,300 level.

The Sensex is down 150.24 points at 37638.89, while Nifty down 39.70 points at 11319.80.

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.

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Trends On SGX Nifty Indicate A Negative Opening For The Broader Index In India

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 25 points or 0.22 percent. Nifty futures were trading around 11,378-level on the Singaporean Exchange.


Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of key Sino-US trade negotiations fanned fresh concerns about the outlook for the global economy.

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Titan Q4 Preview: Brokerages Expect Double Digit Growth In Profit

Titan Company is expected to report double-digit growth across parameters in the quarter ending March 31. The Jewellery-to-watch maker will announce its quarterly results on May 8.

Its recent guidance for FY19 also indicated that trend. While the growth in jewellery business is likely to be in double-digits, an encouraging show from watches, eye wear and other segments was the key takeaway from the company's recent guidance.

For FY19, topline growth would be close to 22 percent year-on-year as against a revenue uptick of 24.9 percent YoY in FY18, the company said last month.

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The Sensex Is Down 239.22 Points At 38037.41, While Nifty Is Down 65.20 Points

The Sensex is down 239.22 points at 38037.41, while Nifty is down 65.20 points at 11432.70. About 208 shares have advanced, 451 shares declined, and 31 shares are unchanged.

Vedanta, Asian Paints, HDFC Bank, Tata Motors, SBI, RIL are among major losers on the indices, while gainers include Zee Entertainment, Gail, IndusInd Bank and Ceat.

All sectoral indices are trading in red led by metal, FMCG, auto, bank, energy, pharma and IT.

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