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  1. Sensex, Nifty today: Sensex retreats from record high, closes 146 points lower; Nifty loses 11k mark

Sensex, Nifty today: Sensex retreats from record high, closes 146 points lower; Nifty loses 11k mark

Sensex, Nifty highlights: Sensex recovered around 52 points from its day's low to close at 36,373.44 points, down 146.52 points or 0.40%. The Nifty gave up the 11,000 level and settled 27.60 points or 0.25% lower at 10,980.45 points. Top laggards on the Sensex were Tata Steel, Vedanta, Tata Motors, Hindustan Unilever, M&M, Axis Bank, Power Grid, Bharti Airtel, Coal India, Adani Ports, ICICI Bank and IndusInd Bank.

By: | Updated:Jul 18, 2018 4:06 pm
share market, share market today, share market live, share market news in hindi, bombay stock exchange, mumbai stock exchange , bse, business news in hindi Sensex, Nifty today: Sensex retreats from record high, closes 146 points lower; Nifty loses 11k mark

Sensex, Nifty highlights: The Sensex of the BSE, which scaled a record high of 36,747.87 in early trade on Wednesday, tumbled over 426.95 points to an intra-day low of 36,320.92 points. The index finally recovered around 52 points from its day’s low to close at 36,373.44 points, down 146.52 points or 0.40%. The Nifty gave up the 11,000 level and settled 27.60 points or 0.25% lower at 10,980.45 points. According to market observers, profit booking at higher levels, along with a mixed trend in the Asian markets and persistent outflow of foreign funds, hampered investors’ risk-taking appetite.

Among the worst performers on the BSE Sensex index were Tata Steel, Vedanta, Tata Motors, Hindustan Unilever, M&M, Axis Bank, Power Grid, Bharti Airtel, Coal India, Adani Ports, ICICI Bank and IndusInd Bank. Tata Steel shares plunged over 5% on the Sensex. In contrast, ONGC shares closed with gains of 2.69%, followed by Asian Paints, HDFC, Yes Bank, Hero MotoCorp, Bajaj Auto and Sun Pharma shares.

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Sensex, Nifty highlights today: Check live updates, top stocks, most active securities on the BSE and NSE

16:01 (IST) 18 Jul 2018
Idea shares collapse to nearly 9-year low on news report DoT rejects Idea-Voda dues plea

Idea shares collapsed to nearly 9-year low on Wednesday on news report of government rejecting Idea Cellular-Vodafone India dues request. Shares of Aditya Birla Group’s telecom company Idea Cellular tumbled within an hour of stock market opening on Monday and fell to a multi-year low around mid-morning session. The DoT (Department of Telecommunications) has rejected Vodafone India and Idea Cellular’s requests to recalculate their dues and has said that both the companies should pay to get a final seal of approval on their merger, ET reported. Idea share price crashed 7.91% to a nearly 9-year low of Rs 48.3 on NSE today. This is the lowest level for Idea shares since 2009.

15:47 (IST) 18 Jul 2018
Profit booking drags equities lower; Sensex, Nifty closes in red

The Sensex of the BSE, which scaled a record high of 36,747.87 in early trade on Wednesday, tumbled over 426.95 points to an intra-day low of 36,320.92 points. The index finally recovered around 52 points from its day's low to close at 36,373.44 points, down 146.52 points or 0.40%. The Nifty gave up the 11,000 level and settled 27.60 points or 0.25% lower at 10,980.45 points. According to market observers, profit booking at higher levels, alongwith a mixed trend in the Asian markets and persistent outflow of foreign funds, hampered investors' risk-taking appetite.

Among the worst performers on the BSE Sensex index were Tata Steel, Vedanta, Tata Motors, Hundustan Unilever, M&M, Axis Bank, Power Grid, Bharti Airtel, Coal India, Adani Ports, ICICI Bank and IndusInd Bank. Tata Steel shares plunged over 5% on the Sensex. In contrast, ONGC shares closed with gains of 2.69%, followed by Asian Paints, HDFC, Yes Bank, Hero MotoCorp, Bajaj Auto and Sun Pharma shares.

15:37 (IST) 18 Jul 2018
Gold hits 5-month low

Gold prices today tumbled by Rs 250 to trade at over five-month low of Rs 30,800 per 10 grams at the bullion market today amid weakening global trend and considerable fall in demand from local jewellers, reported PTI. Silver followed suit and dropped by Rs 620 to Rs 39,200 per kg on poor offtake by industrial units and coin makers.

15:36 (IST) 18 Jul 2018
Closing bell! Sensex closes 146 points lower, Nifty fails to hold 11k mark

Sensex of the BSE closed 146.52 points or 0.40% lower at 36,373.44 points. Nifty closes below 11,000 at 10,980.45 points, down 27.60 points or 0.25%.

15:13 (IST) 18 Jul 2018
Result update: NIIT Tech Q1 net rises 67.4% to Rs 85.8 crore

IT firm NIIT Technologies today reported a 67.4% jump in net profit to Rs 85.8 crore for the first quarter ended June 30, 2018, driven by growth across segments like banking and financial services (BFS) and insurance, reports PTI. The company had registered a net profit of Rs 51.3 crore in the year-ago period. NIIT Technologies' revenues grew 16.4% to Rs 824.9 crore in the said quarter from Rs 708.9 crore in the April-June 2017 quarter.

15:06 (IST) 18 Jul 2018
Nifty on uptrend in 2018; but investor sentiment suggests bear mkt: UBS report

The Nifty index is up 4% so far this year but investor sentiment suggests a bear market going forward, PTI reported citing a UBS research note. The global brokerage firm said majority of Nifty constituent stocks are down and 40% of them are down more than 10% in 2018. Moreover, of all listed stocks, 60% are down at least 20% so far this year. "We reiterate our view of unattractive risk-reward for the Nifty and are underweight on SMIDs (small and mid-cap)," the report authored by UBS Securities India analysts Gautam Chhaochharia and Sanjena Dadawala said.

14:47 (IST) 18 Jul 2018
HDFC AMC IPO: Deepak Parekh says this was the apt time to get it listed

Deepak Parekh, Chairman, HDFC has said that this was the apt time to get our AMC listed as the IPO of India’s second-largest mutual fund company HDFC AMC readies to open next week on 25 July 2018 for the subscription. The fifth listing within the financial conglomerate HDFC, HDFC AMC will close on 27 July 2018 for all investor classes. HDFC AMC has fixed a price band of Rs 1,095 to Rs 1,100 per equity share for its IPO following which the firm has expected to raise Rs 2,800 crore at the upper end of the price band.

Find out more here: HDFC AMC IPO: Deepak Parekh says this was the apt time to get it listed

14:23 (IST) 18 Jul 2018
BookMyShow raises Rs 685 crore

Bigtree Entertainment, which operates online ticketing platform BookMyShow, today said it has raised USD 100 million (about Rs 685 crore) in a funding round led by TPG Growth. BookMyShow, in a statement, said it has “executed definitive documents” to raise the said amount in Series D funding and the round has seen participation from existing investors as well.

Read more here: Big entertainment bet! BookMyShow raises Rs 685 crore in funding led by TPG Growth

14:18 (IST) 18 Jul 2018
Results update: Bandhan Bank Q1 net profit jumps 47% to Rs 482 crore

Bandhan Bank's net profit for Q1 FY19 jumped by 47.51% to Rs 482 crore from Rs 327 crore in the April-June quarter of 2017-18. In a regulatory filingto the BSE, the bank said its total income was Rs 1,766.8 crore in the first three months of 2018-19, up from Rs 1,275.3 crore in the year ago period. The bank's gross NPA rose to 1.26% of gross advances in the quarter under review. The net NPA too increased to 0.64% or Rs 194.2 crore from 0.56% in the year-ago period.

14:13 (IST) 18 Jul 2018
Sensex latest update: Sensex trades 190 points lower, Nifty below 11k

Sensex traded 190.80 points or 0.52% lower at 36,329.16 points led by losses in shares of index heavyweights Tata Steel, HUL, Tata Motors, Vedanta, M&M, Bharti Airtel, ICICI Bank and Axis Bank. The Nifty fell 44.15 points or 0.40% to trade at 10,963.90 points. Tata Steel, Hindalco, UPL, Vedanta, and Tata Motors were the top losers on the National Stock Exchange.

14:09 (IST) 18 Jul 2018
Pancard Clubs' properties, vehicles put on sale

Looking to recover over Rs 7,000 crore of investor money from Pancard Clubs, markets regulator Sebi has put up for sale the company's luxury vehicles and properties, reports PTI. Sebi had auctioned at least 77 properties between December and June with a combined reserve price of more than Rs 4,500 crore. In a notice issued on Wednesday, Sebi said it will auction 43 properties of Pancard Clubs as well as five vehicles, including Mercedes Benz, Toyota Innova, and Hyundai Verna, owned by the company. The properties listed for the sale mostly include hotels, resorts, bungalows, a flat, land parcels and office space. These assets are located in Maharashtra, Karnataka, Gujarat, Haryana, Uttarakhand, Goa, West Bengal, Madhya Pradesh, Tamil Nadu and Kerala.

14:07 (IST) 18 Jul 2018
China stocks fall as yuan hits 2-week low

China stocks erased earlier gains and ended Wednesday lower as a weaker yuan pulled down prices of real estate developers and airliners, Reuters reported. The blue-chip CSI300 index fell 0.5% to 3,431.32 while the Shanghai Composite Index lost 0.4% to 2,787.26 points. China's yuan hit a two-week low against a broadly stronger U.S. dollar on Wednesday, breaching the key 6.7 per dollar level.

13:09 (IST) 18 Jul 2018
Check top Sensex gainers and losers

Top 5 gainers: ONGC (up 4.32%), HDFC (up 1.21%), Bajaj Auto (up 1.16%), Asian Paints (up 0.94%) and HDFC Bank (up 0.93%).

Top 5 losers: Tata Steel (down 3.63%), Tata Motors DVR (down 2.75%), Tata Motors (down 2.37%), Vedanta (down 2.21%) and Hindustan Unilever (down 1.89%).

13:00 (IST) 18 Jul 2018
Gold hits 1-year low

Gold prices slipped to their lowest in a year on Wednesday, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views that the central bank is on track to steadily hike interest rates, according to a Reuters report. Spot gold was down 0.2% at $1,224.16 an ounce, as of 0657 GMT. Earlier in the session, the yellow metal hit its weakest since mid-July 2017 at $1,221.74 an ounce. U.S. gold futures for August delivery were 0.2% lower at $1,224.30 an ounce.

12:40 (IST) 18 Jul 2018
Oil and gas shares edge higher, ONGC surges 4%

Gains in ONGC shares kept the S&P BSE oil and gas index higher during mid-afternoon trade on Wednesday. Shares of ONGC surged nearly 4%, while shares of IOC was up 1.65%. Shares of OIL, Hindustan Petroleum, BPCL and GAIL traded with gains of up to 1%. RIL shares edged lower by 0.98%.

12:24 (IST) 18 Jul 2018
Sensex live update: Sensex falls over 300 points from day's high; Nifty loses 11,000 mark

The Sensex of the BSE dropped over 300 points from its day's high to a low of 36,443.49 points on heavy selling pressure. The Nifty gave up the 11,000 mark and traded 10.45 points or 0.09% lower at 10,997.60 points.

 

11:59 (IST) 18 Jul 2018
Bajaj Finance hits record high

India's largest consumer finance company by market-cap Bajaj Finance Ltd rose 2.02% to a record high of Rs 2,519 on the NSE. According to a Reuters report, the stock broke a resistance at Rs 2,483.45, the 38.2% Fibonacci projection level of the uptrend from May 10 low to June 26 high. The stock is up 40.56% this year as of Tuesday's close and is the second-best performer among NSE Index companies, the report said.

Check share price here

11:55 (IST) 18 Jul 2018
Federal Bank share price falls over 3% on profit booking

Federal Bank share price falls over 3% on profit booking; stock sees extremely heavy trading volumes

Federal Bank share price: Share price of the Kochi-headquartered Federal Bank fell more than 3% in the morning deals on Wednesday on profit booking after the shares of the mid-sized lender saw an intraday spike of 21% post-Q1 FY9 results yesterday.

11:24 (IST) 18 Jul 2018
Federal Bank - Improvements across major parameters; Buy: Anand Rathi Financial Services

"On all key parameters Federal Bank had a strong quarter. NII/PAT/ advances were up 22.4%/25.0%/23.6%. We note the better asset quality and expect the high balance-sheet growth to continue. We retain a Buy."

-Anand Rathi Financial Services

11:19 (IST) 18 Jul 2018
Reliance Industries plans to raise about Rs 40k crore in fresh debt 

Reliance Industries Ltd., India’s second-largest company by market value, plans to raise about Rs 40,000 crore ($5.8 billion) in fresh debt this financial year as it expands its consumer businesses, Bloomberg reported quoting people familiar with the matter. The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named as they are not authorized to speak to the media. Of this, the refining-to-retail conglomerate already has shareholder approval to raise as much as 200 billion rupees through non-convertible debentures.

Read here: RIL plans to raise Rs 40,000 crore in debt as Mukesh Ambani turns focus on expanding Jio, consumer biz

11:11 (IST) 18 Jul 2018
ONGC stocks gain over 4% after board approves exiting Pawan Hans

11:05 (IST) 18 Jul 2018
ONGC board approves exiting Pawan Hans, to sell 49% stake

The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49% stake as it looks to cut debt and consolidate resources in core oil and gas business, PTI reported quoting officials with direct knowledge of the development. Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51% government stake that is already on offer for sale, they said.

Read here

10:59 (IST) 18 Jul 2018
PSU Banks shares gain in early trade

Shares of Punjab National Bank, Andhra Bank, Corporation Bank and Indian Overseas Bank rose up to 13% in early trade on reports that the government will infuse Rs 11,336 crore in five PSU banks including PNB, Corporation Bank and Andhra Bank to help them meet regulatory capital requirement. The Nifty PSU bank index gained as much as 1.5% in early trade today. IOB shares surged as much as 13.8% to their highest since June 26. PNB stock gained as much 4.1% to Rs 81.95, highest in over 3 weeks, while Corporation Bank shares hit 4-week high rising as much as 10.1% to Rs 28.95. Andhra Bank shares rose 5.3% to Rs 32.6 per share.

10:36 (IST) 18 Jul 2018
TCNS Clothing IPO opens

TCNS Clothing IPO: The IPO (Initial Public Offering) of women’s apparel maker TCNS Clothing opened today, 18 July 2018 for subscription in order to raise up to Rs 1,125 crore from the public offer. Yesterday only, TCNS Clothing garnered about Rs 337 crore from the anchor investors by allotting as many as 47.14 lakh equity shares at the upper end of the price band. TCNS Clothing IPO will remain open for three days starting today, 18 July till Friday, 20 July 2018. TCNS designs, manufactures, markets and retails its products within multiple brands namely — W, Aurelia and Wishful.

Find out more about the IPO here

10:26 (IST) 18 Jul 2018
15 stocks hit new 52-week highs on the NSE

10:21 (IST) 18 Jul 2018
Theses stocks hit fresh 52-week highs on the Sensex today

10:07 (IST) 18 Jul 2018
Declining oil prices supported rupee: Geojit Financial Services

'Declining oil prices supported the domestic currency markets which ended at a three week high against dollar yesterday at 68.46. The currency opened at 68.38 a dollar and touched a high and a low of 68.28 and 68.47, respectively. Oil prices fell after comments from the US Treasury secretary suggesting that the country may take a softer stance on the countries that import Iranian oil. Investors were also waiting for the Fed Chairman two day semi-annual testimony that began yesterday. In the first day of the congressional testimony, Powell hinted to continue with the rate hike but in a prudent way,' Geojit Financial Services said in a report.

'In the domestic space, Monsoon session of the parliament will kick start today, which is likely to have 18 sittings. Major level to watch for the home currency is 68.14 above which Rupee is likely to hit 67.33. On the flip side, breaching 69.183 may cause more weakness.'

10:05 (IST) 18 Jul 2018
Rupee today: Rupee rises 12 paise to 68.33

The rupee firmed up by 12 paise to 68.33 against the US dollar on increased selling of the American currency by exporters and banks. reports PTI. Besides, sustained selling of the greenback, along with a higher opening of the domestic equity markets boosted the rupee at the interbank forex market. However, the dollar's strength against some currencies overseas capped the gains of the domestic unit. The local currency bounced back to settle at a fresh two-week high of 68.45 against the US currency on Tuesday, gaining 12 paise as crude oil prices beat a hasty retreat, easing inflation and trade deficit worries.

09:42 (IST) 18 Jul 2018
India's 10-year yield hits 2-month low

India's benchmark 10-yr bond yield touched 7.7090 in opening deals, the lowest level since May 14, according to a Reuters report. the yields dropped to the low levels on reports of RBI to conduct open market operations on July 19. Drop in global crude oil prices also helped sentiment for bonds, said the report.

09:30 (IST) 18 Jul 2018
Sensex hits fresh 52-week high

Sensex rose by 227.91 points to hit a record high of  36,747.87 points in early trade on Wednesday. 

09:27 (IST) 18 Jul 2018
Here are the most traded stocks on the NSE in morning deals

09:26 (IST) 18 Jul 2018
Stocks in focus today

These shares will be in the news today: Bharti Airtel, RCom, Bandhan Bank, HDFC, Zee, ICICI Lombard, Jet Airways, REC

Read here

09:24 (IST) 18 Jul 2018
ONGC, Coal India, Adani Ports, SBI gain up to 1.25%

09:21 (IST) 18 Jul 2018
Share market opens: Sensex jumps 200 points, Nifty up 70 points

The Sensex index of the BSE rose 227 points to a high of 36747.87 points in opening trade on Wednesday leds by gains in shares of ONGC, SBI, Power Grid, RIL, Wipro, HDFC twins, Coal India, Adani Ports and Hero MotoCorp. The Nifty edged higher by almost 70 points to hit 11,076.20 points in early trade.

09:15 (IST) 18 Jul 2018
Brent crude prices drop

Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction, Reuters reported. Brent futures were down 31 cents, or 0.4 percent, at $71.85 a barrel by 0240 GMT. They rose 32 cents to $72.16 a barrel on Tuesday, after earlier touching a three-month low. U.S. West Texas Intermediate crude was down 36 cents, or 0.5 percent, at $67.72. It settled up 2 cents at $68.08 a barrel the session before, coming off a nearly one-month low.

09:14 (IST) 18 Jul 2018
Pre-open session: Sensex surges 200 points

Sensex of the BSE surged over 200 points during the pre-open session on Wednesday.  Nifty settled at 11,060.20 points, up 52.15 points or 0.47%.  Rupee opens at 68.38 against the US dollar, according to Bloomberg data.

09:10 (IST) 18 Jul 2018
Asian shares edge higher tracking gains on Wall Street

Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough, Reuters reported. Japan's Nikkei leapt out of the blocks with a 1 percent gain as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.16 percent and South Korea's market 0.85 percent.

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