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  1. Share market today: Sensex closes flat, retreats from fresh high; Nifty holds 11k; Infosys up 2% ahead of Q1 results

Share market today: Sensex closes flat, retreats from fresh high; Nifty holds 11k; Infosys up 2% ahead of Q1 results

Share market today: Sensex closed Friday's trade lower by 6.78 points or 0.02% at 36,541.63 points after it hit a fresh intra-day high of 36,740.07 points. Nifty closed at 11,018.90 points, down 4.30 points or 0.04%. The indices erased their entire gains as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday.

By: | Updated:Jul 13, 2018 4:24 pm
sensex, it shares, pharma shares, mumbai share market, bombay share market news in hindi, nifty, national stock exchange, business news in hindi Share market today: Sensex surged 191 points to a fresh intra-day high of 36,740.07 points.

Share market today: After five consecutive sessions of closing with gains, the benchmark Sensex closed Friday’s trade lower by 6.78 points or 0.02% at 36,541.63 points. The Sensex hit a fresh intra-day high of 36,740.07 points but soon retreated to close lower as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday.

The Nifty slipped below the 11,000 mark on an intra-day basis to a low of 10,999.75. However, the index closed above the 11k mark at 11,018.90 points, down 4.30 points or 0.04%. Most banking stocks slipped in Friday’s trade as an uptick in June retail inflation increased chances of a rate hike by the RBI in coming months.

Shares of Reliance Industries, Infosys, Bajaj Auto, Asian Paints, Coal India, HDFC, Kotak Bank, HDFC Bank, Maruti and Tata Consultancy Services closed with gains in the range of 0.50-1.50% on the Sensex. ONGC, Axis Bank and ITC stocks lost over 2% on the BSE, while SBI, ICICI Bank,Tata Motors (DVR), Hero MotoCorp, Bharti Airtel and M&M shares lost over 1% each.

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Share market updates: Check Sensex, Nifty levels, top gainers, losers here

16:24 (IST) 13 Jul 2018
Infosys Q1 2019 results announced: Net profit up 3.5% y-o-y, revenue up 12%

Infosys Q1 results: 5 key takeaways:

  • Net Profit came in at Rs 3,612 crore, implying a rise of 3.5% year-on-year, including the impact of Rs 270 crore on account of reduction in the fair value of Assets held for sale.
  • Infosys reported total revenues of Rs 19,128 crore, implying 12% rise year-on-year.
  • Basic EPS at Rs 16.62 for the quarter ended June 30, 2018, including impact of `1.24 on account of reduction in the fair value of Assets held for sale.
  • FY 19 revenue guidance in constant currency retained at 6%-8%; FY 19 operating margin guidance retained at 22%-24%.
  • Infosys noted in the release that large deal wins crossed $1 billion, of which over 40% was from Financial Services
16:20 (IST) 13 Jul 2018
Mukesh Ambani Asia's richest person

Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to disrupt the e-commerce space in India. The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion on Friday with Reliance Industries Ltd. rising 1.6 percent to a record 1,099.8 rupees, according to Bloomberg Billionaires Index. Ma’s wealth stood at $44 billion at close of trade on Thursday in the U.S., where the company is listed.

Mukesh Ambani topples Jack Ma to become Asia’s richest person as RIL shares surge to new all time high

16:04 (IST) 13 Jul 2018
Top 5 gainers/losers on BSE Sensex

Top 5 Sensex gainers: RIL (up 1.34% at Rs 1096.75), Infosys (up 1.12% at Rs 1309.10), Bajaj Auto (up 1.02% at Rs 3,133.45), Asian Paints (up 0.98% at Rs 1370.55) and Coal India (up 0.96% at Rs 267.75).

Top 5 Sensex losers: ONGC (down 2.80% at Rs 154.60), Axis Bank (down 2.48% at Rs 523.90), ITC (down 2.29% at Rs 270.40), SBI (down 1.96% at Rs 257.60) and ICICI Bank (down 1.60% at Rs 268.05).

15:57 (IST) 13 Jul 2018
After an indecisive day, benchmark indices closed near flat line: BNP Paribas Mutual Fund

'It was a volatile day on the bourses as stocks oscillated between the positive and negative zones through the day, reacting to conflicting cues in terms of positive global stocks and lacklustre macro-economic data. After an indecisive day, benchmark indices finally closed the day near the flat line. On the macro front, data revealed that India's factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June. India's industrial production (base year 2011-12=100) grew at 3.2% in May 2018 over May 2017, while showing moderation in growth from a revised 4.8% increase in the previous month. Additionally, the all-India general CPI inflation increased 5% in June 2018 (new base 2012=100), compared with 4.87% in May 2018. Interestingly, sectoral performance on the National Stock Exchange (NSE) was skewed to the negative. Barring the IT index, which closed almost flat, all other sectoral indices on NSE closed the day in the red.'

- Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

15:53 (IST) 13 Jul 2018
Sensex settles in red after 5 sessions of gains, Nifty closes above 11k

After five consecutive sessions of closing with gains, the benchmark Sensex closed Friday's trade lower by 6.78 points or 0.02% lower at 36,541.63 points. The Sensex hit a fresh intra-day high of 36,740.07 points but soon retreated to close lower as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday. The Nifty slipped below the 11,000 mark on an intra-day basis to a low of 10,999.75. However, the index closed above the 11k mark at 11,018.90 points, down 4.30 points or 0.04%.

Most banking stocks slipped in Friday's trade as an uptick in June retail inflation increased chances of a rate hike by the RBI in coming months. Shares of Infosys, Reliance Industries, Tata Consultancy Services and the HDFC twins cumulatively added almost 150 points to the Sensex index.

15:36 (IST) 13 Jul 2018
CLOSING BELL: Sensex, Nifty closes flat; Infosys shares up 2% ahead of Q1 results

Sensex fell from its fresh intra-day high of 36,740.07 points and closed flat at 36,541.63. Nifty closed at 11,018.90 points, down 4.30 points or 0.04%.  

15:11 (IST) 13 Jul 2018
Sensex slips into red as investors book profits, Nifty tests 11,000

Sensex heatmap: ONGC, Axis Bank, ITC, SBI and ICICI Bank shares plunge deep in red. RIL, Coal India shares up.

Caption
15:08 (IST) 13 Jul 2018
DBS says RBI likely to raise interest rates in August

The Reserve Bank of India is expected to go for further rate hikes this fiscal, with the next increase in key policy rates likely in the August policy review meet, says a DBS research note. PTI reported the global financial services major as saying that upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias. "We expect 50 bps more hikes in 2018-19, with the next likely in August," Radhika Rao, an economist with DBS said in a research note.

15:04 (IST) 13 Jul 2018
Oil falls towards $73 per barrel as supply concerns ease

Oil prices fell more than 1% on Friday -- set for a second straight week of decline -- as Libyan ports reopen and amid hopes that Iran will still export some crude despite U.S. sanctions, said a Reuters report. Brent crude was down $1, or 1.3%, at $73.45 a barrel by 0840 GMT, heading for a weekly fall of around 4 percent. U.S. benchmark West Texas Intermediate crude lost 22 cents to $70.11, set for a weekly decline of around 5%.

14:55 (IST) 13 Jul 2018
PVR, Inox shares tumble on Maharashtra minister’s food order

Shares of India’s largest multiplex PVR crashed more than 12% while share prices of Inox Leisure and Mukta Arts slid up to 14% after Maharashtra minister raised a voice to act against multiplexes if they don’t allow people to carry their own food inside the cinema halls, TV channels reported. Following the stern warning of action against the multiplex operators, shares of PVR, Inox Leisure and Mukta Arts cracked saw steep declines. The stock of PVR tumbled 12.4% to a day’s low of Rs 1,224, shares of Inox Leisure slipped 14.03% to a day’s bottom of Rs 217 (52-week low share price: Rs 213.3) and stock of Mukta Arts fell 5.86% to a day’s bottom of Rs 41 (52-week low share price: Rs 40.75) on BSE today.

Read full story here: PVR share price crashes 12%, Inox Leisure, Mukta Arts drop up to 14% on Maharashtra minister’s food order

14:45 (IST) 13 Jul 2018
Infosys Q1 results: stock gains almost 3% ahead of results, adds Rs 8k cr in m-cap

Infosys Q1 Results 2019: Infosys share price today gained nearly 3% in the mid-morning deals -- following which India's second-largest IT company added over Rs 8,000 crore in the stock market value -- ahead of Q1 FY19 results due later in evening today after stock market closing. With such an appreciation in the share prices of Infosys, the Bengaluru-based IT giant Infosys is just Rs 10,000 crore away from hitting Rs 3 lakh crore in market capitalisation on Indian stock exchanges.

Read more: Infosys adds Rs 8,000 crore in m-cap, nears Rs 3 lakh-crore mark, shares rally 3% ahead of Q1 results 2019

14:42 (IST) 13 Jul 2018
Bank stocks slip on rate-hike concerns

Most Indian banking stocks slipped in Friday's trade as an uptick in June retail inflation increased chances of a rate hike by The RBI in coming months. Annual retail inflation (CPI) accelerated to a 5-month high in June, driven by higher fuel prices and a depreciating rupee.

13:38 (IST) 13 Jul 2018
Trending stocks on the BSE today

13:31 (IST) 13 Jul 2018
European shares open higher, set for second week of gains

European shares opened higher on Friday, set for the second week of gains as fears of a full-blown trade war were kept in check and optimism about the next season of corporate earnings continued to grow. The STOXX 600 was up 0.5 percent by 0732 GMT with a broad range of sectors, from industrials to technology or financials, adding points to the pan-European index.

13:26 (IST) 13 Jul 2018
This mid-cap bank share below Rs 50 may double your money

Most of mid-caps have seen considerable value erosion in the recent past. The Nifty Midcap 50 has slid 12% and Nifty 500 has declined by nearly 3% in the last six months. But a mid-cap private bank share may double your money and interestingly, this share is available for below Rs 50. Shares of Srinagar-based The Jammu & Kashmir Bank Ltd have dropped about 15% in the last one month to Rs 49.65 from a share price level of Rs 59 as on 13 June 2018. The domestic research and brokerage firm Motilal Oswal Securities has given a ‘buy’ with a target price of Rs 100 which implies a potential upside of 100% from the current market price.

Read more: 100% gains in stock market! This mid-cap bank share may double your money, available for below Rs 50

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