Share market highlights: Sensex ends 561 points down, Nifty below 11,450; Bajaj Finance, M&M top losers

Share market highlights: After opening higher on Friday, Sensex and Nifty pared gains and extended losses in the afternoon trade, logging its biggest intra-day fall in the fiscal year.

Markets News

Wall Street rises as Fed’s Williams cements rate-cut expectations

Williams said that when rates and inflation are low, policymakers cannot afford to keep their "powder dry" and wait for potential economic problems to materialize.

Losses in Netflix triggered a 0.9% fall in the communication services sector, which has been one of the best-performing S&P sectors so far this year. News

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

The comments by Williams made it a virtual certainty the Fed would opt to cut interest rates by 25 basis points (bps) at its July 30-31 policy meeting and also fuelled expectations of an even deeper 5

Australian stocks added 0.4%, South Korea's KOSPI rose 0.8% and Japan's Nikkei advanced 1%. (Representational image) News

Dollar under pressure after Fed fuels bets on large rate cut

The greenback fell broadly on Thursday after Williams' remarks bolstered bets that the Fed would cut interest rates by 50 basis points, rather than 25 basis points.

The dollar index, which hit a two-week low of 96.648, bounced to 96.824. (File photo) News

Oil rises after US Navy destroys Iranian drone

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

Brent crude futures were up 82 cents, or 1.3%, at $62.75 by 0100 GMT. (File photo) News

Gold hits 6-year peak on US rate cut prospect, Middle East tensions

Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, before easing to be down 0.2% at $1,442.71 as of 0117 GMT.

U.S. gold futures jumped 1% to $1,441.90 an ounce. (File photo) News

India Ratings & Research revises IDFC First Bank’s outlook to ‘negative’

The stressed assets accounted for 8.3% of the gross advances in FY19. The provisions against the stressed book, excluding security receipts, moderated to 55.9% in FY19 from 76.1% in FY18.

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Sebi mulls stricter disclosures for auditor resignation

The Securities Exchange Board of India (Sebi) has proposed that if the auditor of a listed entity has signed the audit report for all the quarters of a financial year, except the last quarter, the aud

Sebi, stricter disclosure, auditor resignation, Securities Exchange Board of India, market news, ICAI, Auditing, PriceWaterhouse  News

Mindtree: Expect revenues to rise by 10.4% in FY20

Strong order intake of $324 million reflecting a book-to-bill ratio of 1.23x should drive pick-up in revenue growth from Q2 with Mindtree now expecting to grow faster than industry average in FY20 vs

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HDFC AMC: TP raised to Rs 2,200 after strong Q1

AUM growth was robust at 18.5% y-o-y to Rs 3.6 trillion with share of equity portfolio at 48% (flat on sequential basis) and primarily driven by an 81.9% y-o-y growth in liquid funds. HDFC AMC has exp

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High-Yield variety: For the man behind Uttar Pradesh’s sugarcane revolution, south is a sweet spot

Recovery rate is the sucrose content in cane and a 13% recovery, the potential of this variety if harvested in 12 months, means 13 kg of sugar production from 100 kg of sugarcane.

 Uttar Pradesh, sugarcane revolution, sugarcane juice, Uttar Pradesh, Punjab, Haryana, Bihar and Uttarakhand News

South India’s tea production till now dips 13 pct

Tea production in southern India has been on a decline from 2014 when production touched a peak of 242 million kg ( India is the second largest producer of tea in the world and contributes 26% t

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Maharashtra farmers seek inclusion of jaggery processors, khandsari makers in FRP payments

During the earlier meeting, the state government had asked for streamlining the process of fixing sugarcane prices as per the RSF for sugar factories which have completed cane crushing.

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Sensex snaps three-day rally with most stocks in the red

The Nifty Small cap index has lost 15.07% over the past one year, and 67% of its constituents have lost value. The Nifty MidCap Index has given up 6.8% in the last one year, and 63% of its constituent

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Sebi moots stricter disclosures on auditor resignation

Markets regulator Sebi Thursday proposed stricter disclosures, including detailed reasons, on resignation of auditors, amid rising instances of auditors quitting companies.

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No statutory auditor can leave the job in between, proposes SEBI in its new guidelines

SEBI has revised guidelines in view of the rising number of abrupt resignations of statutory auditors from listed companies in recent times, proposing that no auditor can leave the job without complet

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Yield-hungry foreigners find ready sellers in local banks; snap up India debt

Sovereign Indian yields have tumbled to the lowest in more than two years as the market welcomed Finance Minister Nirmala Sitharaman’s unexpected move to tighten the fiscal-deficit target.

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Stock market erases gains of last two sessions; Sensex slips 300 points, Nifty below 11,600; key reasons

Ending the three-day rising streak, benchmark equity indices fell today erasing gains of the last two trading sessions.

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Bond yields are currently on decline, but will fall continue? Here’s what analysts say

The benchmark 10-year government bond yields are currently on the decline, even touching the lowest level since demonetisation.

The funds raised thus can flow out of fixed deposit to the SPV if the public buys the bonds, it said, adding this will not have an impact on bank deposits or credit growth. (Representational image) News

HDFC mcap tops Rs 4 lakh crore mark for first time ever as shares surge to fresh record high

India's largest housing finance major HDFC achieved a major feat on Thursday, as the firm's mcap topped the Rs 4 lakh crore mark, even as the shares surged to a fresh record high.

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CARE Ratings sending boss on leave may do more harm than good; here are unintended consequences

CARE Ratings has sent its MD & CEO Rajesh Mokashi on leave following a complaint received by capital markets regulator SEBI, in an action that experts say may do unintended harm to the markets rather

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Wipro shares surge on Q1FY20 results; should you buy, sell or hold stock?

Wipro shares surged on Thursday after the IT company reported Apr-Jun results yesterday. Its shares rose more than 3 per cent to Rs 268.85 per share in the early trade on Thursday.

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Mindtree share price plunges as uncertainty looms in Q1 after L&T’s takeover; what brokerages say

After IT major Mindtree reported Q1 results below street estimates, analysts note that increased attrition and uncertainty following L&T's hostile takeover weighed on the earnings.

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Edelweiss in talks with strategic investors to off-load stake in wealth business

The company was clarifying about media reports that the company is in advanced talks with US-based Kora Management to sell 20 per cent stake in Edelweiss Wealth Management for a consideration of about

Edelweiss Financial Services, wealth business, BSE, Edelweiss Wealth Management stake News

Yes Bank shares tumble after Q1FY20 results; should you buy, sell or hold?

Shares of private lender Yes Bank fell significantly on Thursday after it reported dismal results for Apr-Jun of FY20. Yes Bank’s shares slumped nearly 15 per cent in the early trade to Rs 83.70 per

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Share market highlights: Sensex ends 318 points down, Nifty below 11,600; Yes Bank, ONGC top losers

Share market highlights: After opening lower, Sensex and Nifty extended losses in the afternoon trade on Thursday, tracking weak cues. The Sensex closed 318 points down at 38,897.46.

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Gold scales 2-week peak on Fed rate cut expectations, softer dollar

Spot gold was steady at $1,425.87 per ounce as of 0127 GMT, after hitting its highest since July 3 at $1,428.40.

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