August F&O expiry: Sensex slips 33 pts; ADAG stocks rally, Rupee at 70.82/$
Among sectoral indices, the Nifty Auto index settled nearly 0.5 per cent lower due to a fall in share prices of Maruti Suzuki and Eicher Motors.
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12:46 PM
Margin pressure and rich valuation near-term concerns for Pidilite
Pidilite Industries (Pidilite) posted good numbers in the June quarter (Q1), with comparable consolidated topline and net profit growing 23 per cent and 6.3 per cent year-on-year, to Rs 18.2 billion and Rs 2.4 billion, respectively. READ MORE
12:32 PM
Top losers in BSE 500:
» More on Top Losers
COMPANY | PRICE() | CHG() | CHG(%) |
UFLEX | 306.20 | -16.10 | -5.00 |
KWALITY | 20.99 | -1.10 | -4.98 |
SECURITY & INTEL | 1058.95 | -45.80 | -4.15 |
INTERGLOBE AVIAT | 932.50 | -37.05 | -3.82 |
SPICEJET | 78.40 | -2.90 | -3.57 |
12:13 PM
Shares of JSW Steel hit a new high of Rs 409, up 2%, extending its Wednesday’s 9% surge on the National Stock Exchange (NSE), after the announcement of its entry in Nifty 50 index from September 28. READ MORE
JSW Steel hits new high; market-cap nears Rs 1-trillion
Shares of JSW Steel hit a new high of Rs 409, up 2%, extending its Wednesday’s 9% surge on the National Stock Exchange (NSE), after the announcement of its entry in Nifty 50 index from September 28. READ MORE
12:00 PM
Markets at noon
Index | Current | Pt. Change | % Change |
S&P BSE SENSEX | 38,684.02 | -38.91 | -0.10 |
S&P BSE SENSEX 50 | 12,227.68 | -12.91 | -0.11 |
S&P BSE SENSEX Next 50 | 35,541.90 | +194.86 | +0.55 |
S&P BSE 100 | 12,008.42 | -0.72 | -0.01 |
S&P BSE Bharat 22 Index | 3,730.96 | +12.74 | +0.34 |
11:45 AM
Hindustan National Glass zooms 53% in three days on debt resolution plan
Hindustan National Glass & Industries was locked in upper circuit of 20% for the second straight session at Rs 127 on the BSE after the company announced the resolution plan/compromise offer for the settlement of dues.
In the past three days, the stock has zoomed 53% from Rs 83 on August 27, 2018, as compared 0.5% decline in the S&P BSE Sensex. READ MORE
11:30 AM
Nifty Bank index falls over 0.5%; top losers in the pack
11:15 AM
Greaves Cotton to acquire electric vehicle company Ampere; stock surges 12%
Shares of Greaves Cotton hit a 52-week high of Rs 165 per share, up 12% on the BSE in an otherwise rang bound market after the company said it will acquire a majority stake in Coimbatore-based electric vehicle (EV) company Ampere Vehicles.
The stock was trading close to its all-time high of Rs 178 touched on May 4, 2017, on the BSE in intra-day trade. READ MORE
11:00 AM
IDBI Bank to file insolvency case against Reliance Naval with NCLT
IDBI Bank will file insolvency applications against Reliance Naval and Engineering (R-Naval) with the National Company Law Tribunal (NCLT) Bench in Ahmedabad in the next few days.
This is a sequel to the Reserve Bank of India’s 180-day general deadline to resolve around 70 large stressed corporate accounts having ended this Monday, said two sources. READ MORE
10:45 AM
Airline shares extend fall as oil prices rise
Shares of airline companies have fallen up to 5% on the BSE in early morning trade on Thursday, extending their Wednesday’s decline on rise in crude oil prices.
InterGlobe Aviation (IndiGo), Jet Airways and SpiceJet were trading in the range of 3% to 5%, as compared to a marginal 0.1% decline in the S&P BSE Sensex. All these stocks are trading near to their respective 52-week lows, had fallen up to 6% on yesterday. READ MORE
10:30 AM
UTI MF case: T Rowe Price shares reason to hold back court petition for now
The US-based asset manager T Rowe Price withdrew its writ petition in the Bombay High Court on Tuesday with the right to re-file it at a future date.
In a response to Business Standard, Edward Giltenan, official spokesperson for T Rowe Price, said, “We now have increasing confidence that they (PSU shareholders) are taking steps to comply with Indian law and regulations regarding divestment of their stakes in UTI and moving towards an eventual IPO of the firm.” READ MORE
10:15 AM
ICICI Bank tells Sebi it was unaware of conflict of interest
ICICI Bank has denied charges of violation of disclosure norms levelled against it by the market regulator Securities and Exchange Board of India (Sebi). Responding to a Sebi show cause notice issued on May 23, the bank said it was not aware of the alleged conflict of interest situation and hence couldn’t make any disclosures required under the listing regulations, it is learnt. READ MORE
10:00 AM
Maket check
Index | Current | Pt. Change | % Change |
S&P BSE SENSEX | 38,679.32 | -43.61 | -0.11 |
S&P BSE SENSEX 50 | 12,224.54 | -16.05 | -0.13 |
S&P BSE SENSEX Next 50 | 35,393.13 | +46.09 | +0.13 |
S&P BSE 100 | 11,998.14 | -11.00 | -0.09 |
S&P BSE Bharat 22 Index | 3,722.97 | +4.75 | +0.13 |
9:45 AM
Analysts cautious on road construction stocks despite govt's infra push
Construction of roads across the country has yet again assumed importance with the latest Reserve Bank of India’s (RBI’s) annual report for 2017 – 18 expecting the Indian economy to look up further going ahead, aided partly by infrastructure spending.
The government’s focus over the past few years, according to A K Prabhakar, head of research at IDBI Capital, has been on infrastructure, especially roads and rail. Companies, he says, have also benefitted from the new contract awarding system – the hybrid annuity model (HAM) – that ensures the capital is not stuck for a long duration in a particular project. READ MORE
9:30 AM
INTERVIEW OF THE DAY Few stocks going up due to flight to safety, says MD of Sundaram MF
Inflows into equity mutual funds (MFs) have continued to remain strong in recent days. Sunil Subramaniam, MD of Sundaram MF, says fund managers are deploying incremental liquidity into select large caps. Subramaniam spoke to Samie Modak ahead of the launch of the new fund offer (NFO) of Sundaram Services Fund. Read full interview here
(Photo courtesy: myrokra.com)
9:20 AM
Nifty sectoral trend
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First Published: Aug 30 2018 | 8:15 AM IST