Indices snap 2-day losing streak, Sensex ends 312 pts up; RIL top gainer

All that happened in the markets today

3:58 PM

Heatmap: S&P BSE Sensex

3:57 PM

Nifty sectoral indices at close

3:56 PM

Market at close

3:20 PM

Nifty PSU Bank index is trading over 1 per cent higher

3:15 PM

Torrent Pharma near day's high

2:51 PM

NEWS ALERT | L&T's stake in Mindtree crosses 51%: CNBC TV18

2:51 PM

Anil Ambani-promoted RInfra loses NTPC order worth Rs 567 crore to GE

While Anil Ambani-promoted Reliance Infrastructure looks to almost double its existing order-book in the current financial year, not all is well with its existing orders. One of RInfra's contracts worth Rs 567 crore from NTPC has been re-tendered and awarded to another company this month. In February 2018, RInfra informed exchanges it has received the Letter of Approval from NTPC for Flue Gas Desulphurisation (FGD) works of its 3x500 Mw power plant in Jhajjar, Haryana. READ MORE

2:40 PM

Tyre stocks gain as govt imposes additional duty on Chinese tyre imports

Shares of tyre makers gained up to 8 per cent on the BSE on report that the government imposes definitive countervailing duty on truck and bus radial tyre imports from China. Reacting to the news, the stocks of TVS Srichakra rallied 8 per cent to Rs 1,963, followed by JK Tyre, which surged 5 per cent at Rs 80, Ceat was up 4 per cent at Rs 939, followed by Balkrishna Industries, up 3 per cent at Rs 766 and MRF by 2 per cent at Rs 56,099 on the BSE. READ MORE

2:37 PM

IPO UPDATE | IndiaMART IPO subscribed 69% so far on Day 2

2:31 PM

NEWS ALERT | SpiceJet launches eight new non-stop international flights

- To connect (a) Mumbai with Riyadh and Dhaka, (b) Delhi with Dhaka and Jeddah

2:27 PM

NEWS ALERT | Ministry of Corporate Affairs to conduct scrutiny of 3 lakh companies: CNBC TV18

- Co. to be identified on the basis of non-compliance of KYC norms

- 7 lakh out of 11.35 lakh comoanie shave complied with KYc norms

Alert: June 15 was the deadline for KYC compliance

2:22 PM

Govt may cut interest rates of small savings schemes for July-Sept quarter

The government may lower interest rates on small savings schemes for the July-September quarter, according to senior government sources. The cut may only be for some — and not all — small savings schemes, and could be as high as 30-50 basis points.

 

The last round of changes in small savings rates were for the January-March quarter. The rates for one-year, two-year, and three-year time deposits were aligned with each other. The rates for the April-June quarter remained unchanged. READ MORE

2:08 PM

YES Bank slips over 2%

2:06 PM

HDFC AMC hits record high, rises 9% in four days

The stock surpassed its previous high of Rs 1,970 recorded on August 27, 2018. In the past four days, it has outpaced the market by gaining 9 per cent, as compared to a 0.20 per cent rise in the S&P BSE Sensex. READ MORE

1:54 PM

Market check

1:53 PM

Market check

1:52 PM

Buzzing | Syndicate Bank rises over 3%

1:37 PM

Stocks that hit 52-week high in BSE

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
HDFC AMC	1960.40	1971.00	28.25	1.46
REC LTD	161.15	162.30	5.55	3.57
TITAN COMPANY	1315.75	1317.35	16.40	1.26
TRENT	435.00	448.60	9.00	2.11

1:24 PM

Top companies where promoters have trimmed their stake in the past one year

Promoters paring stake in their company is nothing new. While the move may raise concerns as regards their commitment to the company they own, the reasons for paring stake may vary and experts suggest investors should assess such moves on a case-to-case basis, rather than making a generalised view. READ MORE

1:14 PM

NEWS ALERT | 2.9% equity of ICICI Lombard exchanged

1:03 PM

Emami soars 12% after promoters set timeline to reduce debt

Emami shares rose 12 per cent to Rs 299 per share on the BSE on Tuesday after the company said its promoters intended to maintain their controlling stake in the company and not dilute it further. The promoters have also set a timeline of 6-8 months to bring down the debt. "The promoters of Emami Group have more than adequate pool of diverse assets of value. With a view to further reduce the debt and reap benefits of such investments, the process of identification for divestment of such assets has been initiated," Emami said in a press release. READ MORE

12:55 PM

NEWS ALERT | Monsoon hits Gujarat, advances in Madhya Pradesh: Met Dept

12:54 PM

NEWS ALERT | Piramal & TPG evaluating feasibility to sell their stake in Shriram Cap: CNBC TV18

12:46 PM

NEWS ALERT | Fund to support Venture Capitals, PE firms investing in MSMEs

12:45 PM

NEWS ALERT | UK Sinha led panel recommends setting up Govt sponsored fund worth Rs 1,000 cr for MSMEs

12:42 PM

NEWS ALERT | Emami Group looking to sell select cement assets

12:41 PM

NEWS ALERT | Emami Group looks at cutting controlling stake in Emami Paper Mills

12:41 PM

NEWS ALERT | Emami Group hires Nomura to sell assets to pare debt: CNBC TV18 quoting Moneycontrol sources

12:27 PM

NEWS ALERT | RBI releases panel report on MSME sector

12:21 PM

Trent soars to record high on fundraising plan; stock rallies 10% in a week

Trent shares jumped 2 per cent to hit a new high of Rs 436 apiece on the BSE on Tuesday, extending Monday's rally of 5 per cent, after the company said it was seeking shareholders' approval to allot up to 24.65 million equity shares to Tata Sons. The Tata group retail chain's subsidiary has outperformed the market by surging 10 per cent in the past week, after its board approved raising up to Rs 1,550 crore through a mix of issue of shares to its promoter Tata Sons on a preferential basis, and other options to fund its expansion. READ MORE