The S&P BSE Sensex ended at 39,714, down 118 points while the broader Nifty50 index settled at 11,923, down 23 points.
3:25 PM
Vinati Organics gains for sixth straight day; stocks hit new high on Q4 nos
Shares of Vinati Organics were trading higher for the sixth straight day, up 5 per cent at Rs 2,197 on the BSE, also its new high in an otherwise weak market on Friday. The S&P BSE Sensex was down 0.48 per cent at 39,681 points at 02:39 pm. In the past two weeks, the stock has outperformed the market by surging 21 per cent, after the company reported strong earnings in March quarter (Q4FY19). In comparison, the benchmark index was up 4 per cent during the same period. READ MORE
2:56 PM
NEWS ALERT | Govt in talks with Nippon, Mitsubishi for JV with SAIL: CNBC TV18
NEWS ALERT | Nirmala Sitharaman assumes charge as Finance Minister
2:38 PM
COMMENT :: Lakshmi Iyer of Kotak Mahindra AMC on RBI policy expectation
Liquidity woes in banking system are far from over. The silver lining in this the expectation of government spending, this is likely to reduce the liquidity deficit in the system. Also the currency in circulation which had shown sharp spikes due to elections, is also likely to gradually recede, impacting liquidity favourably.
Given the global as also domestic scenario, the MPC may well choose to gratify the markets with a benchmark rate cut. What is more important for markets is the MPC guidance that the actual rate action
2:34 PM
Vedanta slips 2.7%
2:32 PM
MARKET UPDATE | YES Bank slips 4%
2:17 PM
Market experts react to Sitharaman's appointment as Finance Minister
Putting rest to all speculation, the President of India on Friday released the portfolio details of new Cabinet, a day after Narendra Modi took oath as the country's 16th Prime Minister. Contrary to expectation that Amit Shah, a seasoned stock broker and the chief architect of NDA's victory for the second consecutive time will be handed over reigns of the Finance Ministry, after Arun Jaitley expressed his desire to stay away from any role in the new government citing health reasons. Consequently, Nirmala Sitharaman has been given the charge of the Finance Ministry, while Amit Shah will handle the Home Ministry. READ MORE
2:11 PM
MARKET CHECK
1:57 PM
ITC dips 2.5%
1:47 PM
Nifty PSU Bank index extends losses
1:35 PM
COMMENT :: Ajay Bodke, CEO for PMS, Prabhudas Lilladher on Sitharaman as new FM
Ms Nirmala Sitharaman is eminently qualified to steer India's economy which is facing multiple headwinds of slowing consumption impulses, moribund private capex cycle and anemic exports. Unprecedented squeeze in liquidity due to crisis in NBFC sector & consequent spike in risk aversion has severely impacted aggregate demand. Sectors such as real estate, automobiles, consumer goods etc need an immediate respite
1:32 PM
NCC records sharpest intra-day fall in 30 months; stock tanks 17%
NCC shares tumbled 17 per cent at Rs 97 on BSE on Friday to record their sharpest intra-day fall in the past 30 months, on report that the YS Jaganmohan Reddy government had decided to cancel projects sanctioned by Chandrababu Naidu in Andhra Pradesh. The stock reported its biggest intra-day decline since November 9, 2016. The counter has seen huge trading volumes with a combined 71 million shares, representing 12 per cent of total equity of NCC, changing hands on the NSE and BSE till 12:49 pm. READ MORE
1:30 PM
NEWS ALERT | Rao Inderjit Singh appointed Minister of State (IC) for Ministry of Statistics and Programme Implementation
1:20 PM
Modi govt cabinet portfolios: Amit Shah Home Minister, Sitharaman new FM
The Narendra Modi government on Friday announced the allocation of the Cabinet portfolios. In a surprise move, Amit Shah, who was speculated to be appointed as the new finance minister, became the new Home Minister with Nirmala Sitharaman becoming the new Finance Minister.
Rajnath Singh has been appointed as the new Defence Minister and S Jaishankar new External Affairs Minister. READ MORE
1:16 PM
NEWS ALERT | Markets recover on cabinet announcement
1:15 PM
NEWS ALERT | Markets recover on cabinet announcement
1:14 PM
NEWS ALERT | Arvind Ganpat Sawant appointed Minister of Heavy Industries and Public Enterprise
1:13 PM
NEWS ALERT | Pralhad Joshi gets Ministry of Coal, MInes
1:12 PM
NEWS ALERT | Dharmendra Pradhan retains Petroleum & Natural Gas Min, gets Ministry of Steel
1:10 PM
NEWS ALERT | Hardeep Singh Puri appointed Minister of State (IC) for Ministry of Civil Aviation
- Also appointed Minister of State (IC) for Ministry of Housing and Urban Development, Ministry of Commerce
1:06 PM
NEWS ALERT | Pralhad Joshi gets Ministry of Parliamentary Affairs