Share market highlights: Sensex ends 323 points down, Nifty below 11,650; Maruti Suzuki, Tata Steel top losers

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Updated:Apr 25, 2019 3:44:06 pm

Stock market highlights: After opening marginally lower on Thursday morning, the Sensex and Nifty extended losses in the afternoon trade on Thursday. The Sensex closed 324 points down at 38,730.86.

Kazakhstan, interest in the startups, BSE, बीएसई, startups, स्टार्टअप्स, कजाखस्तानThe Sensex is up about 30 points to 39,084.68, while the Nifty is trading near the 11,650-mark.

Stock market highlights: After opening marginally lower on Thursday morning, the Sensex and Nifty extended losses in the afternoon trade on Thursday. The Sensex closed 324 points down at 38,730.86, while  the Nifty closed below the 11,650-mark. Maruti Suzuki shares ended 2.3% lower at Rs 6,868.05, while Tata Steel shares ended 3% lower.  

Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a 22-month low against the US dollar overnight after the drop in German business confidence highlighted the divergence between data in the euro zone and the United States, Reuters reported. We bring to you live updates.

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15:44 (IST)25 Apr 2019
BSE live: Sensex ends 323 points down, Nifty below 11,650; Maruti Suzuki, Tata Steel top losers

After opening marginally lower on Thursday morning, the Sensex and Nifty extended losses in the afternoon trade on Thursday. The Sensex closed 324 points down at 38,730.86, while  the Nifty closed below the 11,650-mark. Maruti Suzuki shares ended 2.3% lower at Rs 6,868.05, while Tata Steel shares ended 3% lower.  A look at LIVE Sensex heatmap.

12:40 (IST)25 Apr 2019
Mukesh Ambani's RIL just a whisker away from Rs 9 lakh crore mcap as shares surge to record high

Billionaire Mukesh Ambani-led Reliance Industries is just kissing distance away from hitting the Rs 9 lakh crore market capitlisation, even as shares jumped to record highs. Reliance Industries share price surged more than 1.4% intra-day to hit the day's high at Rs 1,406.75 on BSE. The overall mcap of RIL has swollen to a whopping 8.84 lakh crore, making it India's most valuable firm. Tata Group's IT behemoth TCS comes at a distant second with a market capitlisation of 8.18 lakh crore.

Also read: Mukesh Ambani's RIL just a whisker away from Rs 9 lakh crore mcap as shares surge to record high

11:35 (IST)25 Apr 2019
Yes Bank share price jumps after reports of CEO looking to replace top executives

Shares of India’s major private sector lender Yes Bank jumped in trade on Thursday morning, after media reports said that CEO Ravneet Gill is looking to replace the entire top management of Yes Bank. Yes Bank share price gained more than 3.5% to Rs 247.50 in the morning trade. According to a report by Livement, at least 14 top executives of Yes Bank have been listed for a potential replacement, a move not seen so far in India's banking industry.

Also read: Yes Bank share price jumps after reports of CEO looking to replace top executives

09:46 (IST)25 Apr 2019
Bank of Japan commits to very low rates at least through spring 2020, keeps policy steady

The Bank of Japan kept monetary policy steady on Thursday and clarified its intention to keep interest rates very low for a prolonged period, committing to do so at least through around the spring of next year. In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent. “The BOJ intends to maintain the current extremely low levels of short-term and long-term interest rates for an extended period of time, at least through around spring 2020,” the BOJ said in a statement announcing its policy decision.

Also read: Bank of Japan commits to very low rates at least through spring 2020, keeps policy steady

09:29 (IST)25 Apr 2019
BSE live: Sensex up 30 points, Nifty above 11,700; Yes Bank, Axis Bank shares up

The Sensex and Nifty opened marginally lower on Thursday morning, tracking weak cues. The Sensex is up about 30 points to 39,084.68, while the Nifty is trading near the 11,650-mark. Yes Bank shares are trading 1.5% higher at Rs 242.80, while Powergrid shares are up 1.3% to 194.40. Private sector lender Axis Bank shares are trading sligtly higher at Rs 755.60, ahead of Q4 results. A look at LIVE Sensex heatmap.

08:53 (IST)25 Apr 2019
Gold prices inch up off 4-month low, still pressured by strong dollar

Gold prices edged higher on Wednesday, recovering from a near four-month low touched in the previous session under pressure from a strong dollar, as U.S. stocks took a breather following a rally. Spot gold was up 0.3 percent to $1,276.50 per ounce as of 1:35 p.m. EDT (1735 GMT), a day after hitting its lowest since Dec. 26 at $1,265.90. U.S. gold futures settled 0.5 percent higher at $1,279.40 an ounce.

Also read: Gold prices inch up off 4-month low, still pressured by strong dollar

08:53 (IST)25 Apr 2019
Asian shares dip; euro weighed by sagging German business morale

Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a 22-month low against the U.S. dollar overnight after the drop in German business confidence highlighted the divergence between data in the euro zone and the United States.

Also read: Asian shares dip; euro weighed by sagging German business morale

08:52 (IST)25 Apr 2019
Tata Tele in talks with ATC to sell entire tower biz stake

Tata Teleservices is in talks with American Tower Corporation to sell its entire stake in the mobile tower business for about Rs 2,500 crore at a price of Rs 212 per share. “Tata Teleservices sold half of its stake to American Tower Corporation (ATC) in October 2018. It is option to sell the rest of the stake it holds along with Tata Sons in this fiscal year. The process for sale has started for valuation of around Rs 2,500 crore at Rs 212 per share,” a source said.

Also read: Tata Tele in talks with ATC to sell entire tower biz stake

08:50 (IST)25 Apr 2019
Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom

Swedish telecom network company Ericsson has moved the Supreme Court against potentially having to return Rs 580 crore to Reliance Communications according to an NCLAT observation if the Anil Ambani-led firm resumes insolvency proceedings. The Supreme Court will hear Ericsson’s plea in July this year, CNBC TV18 reported. Ericsson had received the sum of Rs 580 crore from RCom as a Supreme Court-monitored settlement, pending insolvency proceedings on RCom in NCLT (National Company Law Tribunal, Mumbai). RCom’s last-minute payment to Ericsson saved chairman Anil Ambani from going to jail.

Also read: Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom

08:50 (IST)25 Apr 2019
Crude oil prices to fall, remain soft in 2019, never mind US sanctions on Iran

The World Bank has cut its crude oil price forecast for the current year 2019 and the next year 2020, despite the looming uncertainty over supplies from Iran following the US President Donald Trump’s sanctions. Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast, said World Bank in its Commodity Markets Outlook Report. This would be on the back of weaker than expected global growth outlook, rising US production and OPEC restraint, the report said.

Also read: Crude oil prices to fall, remain soft in 2019, never mind US sanctions on Iran

08:49 (IST)25 Apr 2019
It’s easy to make money: Here’s what already rich people expect on wealth creation front from 2019

Despite being the year of elections, nearly 28 per cent of India’s rich are hopeful of easy wealth creation this year, a survey said. Globally, 12 per cent of the respondents, on average, are optimistic about the same in 2019, said Knight Frank survey. The economic and political factors would be favourable for creating wealth this year, news agency PTI reported citing the Attitudes Survey of ultra high net worth individuals (UHNWI) by Knight Frank. The number is up 3 per cent from 2018.

Also read: It’s easy to make money: Here’s what already rich people expect on wealth creation front from 2019

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