After touching record high during the day, benchmark indices ended Tuesday's session with minor cuts as investors creamed off profit. The S&P BSE Sensexended at 40,821 levels, down 68 points or 0.17 per cent while NSE's Nifty50 index settled at 12,038, down 36 points or 0.30 per cent.
In the opening deals, the 30-share index of BSE hit a new high of 41,120.28 levels. ICICI Bank (up over 2.50 per cent) ended as the top gainer on the index while Bharti Airtel (down over 4 per cent) emerged as the biggest loser.
On the NSE, the broader Nifty50, too, scaled a fresh peak of 12,132.45 levels in the early trade.
In the broader market, the Nifty Midcap 100 index slipped 0.85 per cent to end at 16,915 levels while the Nifty SmallCap 100 index lost 0.42 per cent to end at 5,721.
Sectorally, media counters took the biggest hit, led by steep fall in ZEE Entertainment Enterprises (ZEEL) shares following the resignation of Subhash Chandra as Chairman of the company. The Nifty Media index declined 3.63 per cent to close at 1,889 levels. Next on the list was IT stocks as the Nifty IT pack lost over a per cent to 14,922 levels.
India VIX settled nearly a per cent lower at 14.89 levels.
BUZZING STOCKS
Zee Entertainment Enterprises (ZEEL) slumped up to 9 per cent to Rs 312.50 on the BSE after its founder Subhash Chandra stepped down as the company's chairman. Chandra becomes non-executive director with immediate effect. The decision was taken following a board meet on Monday. The stock settled at Rs 320, down 7 per cent.
Bharti Airtel shares declined over 4 per cent to Rs 432 on the BSE after rating agency ICRA downgraded the company’s long-term rating from "AA" to "AA-"on higher-than-anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge.
On the upside, shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs). The scrip ended at Rs 1,817, up 6.30 per cent.
GLOBAL MARKETS
World stocks hit their highest in almost two years on Tuesday, keeping record highs in sight, following fresh signs that the United States and China were working to end a bitter trade war that has dealt a blow to the global economy. Besides, a strong Hong Kong debut for Chinese e-commerce giant Alibaba in the world's largest share sale of this year, boosted stock markets in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent to a one-week high. Australian shares were up 0.83 per cent, while Japan's Nikkei stock index rose 0.54 per cent. US stock futures edged 0.08 per cent higher in Asia on Tuesday after Wall Street’s three main stock averages closed at record highs on
Monday, buoyed by hopes for a trade deal and by M&A activity.
In European market, the pan-region Euro Stoxx 50 futures were up 0.03 per cent, German DAX futures were up 0.12 per cent, while FTSE futures were up 0.14 per cent on Tuesday.
(With inputs from Reuters)
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03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 68 points or 0.17 per cent to end at 40,821 while NSE's Nifty50 index ended at 12,038, down 36 points or 0.30 per cent.
03:43 PM
Nifty snapshot
Broad-based sell-off
03:42 PM
Sensex heat map
Bank stocks among key gainers; Bharti Airtel slips over 4%
03:41 PM
Index watch
03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 68 points or 0.17 per cent to end at 40,821 while NSE's Nifty50 index ended at 12,038, down 36 points or 0.30 per cent.
03:27 PM
MARKET CHECK | Around 1.15% equity of ICICI Bank changes hand
03:19 PM
MARKET CHECK | Bhati Infratel plunges 7%
03:07 PM
Buzzing | Jubilant Foodworks hits record high
-- Stock up 31% in 2019 with market cap now exceeding Rs 21,000 cr
-- Stock has gained 15% since results on 22nd October after Dominoes posted store sales growth of 4.9%
03:04 PM
US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant
Pharmaceutical firm Ipca Laboratories on Tuesday said the US health regulator has found its manufacturing unit in Silvassa, Gujarat, non-compliant with the current good manufacturing practices.
However, the company said that since this manufacturing facility is already under USFDA import alert and presently not doing any US business, this will have no impact on company's current on-going business activities. READ MORE
02:46 PM
Aavas Financiers hits new high, zooms 116% thus far in 2019
Shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE on Tuesday, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs).
Share price of the company has surged 116 per cent from Rs 851 on the BSE. Aavas Financiers is the fourth most value creators among the S&P BSE 500 index in CY19. In comparison, the benchmark S&P BSE Sensex has gained 13 per cent during the same period. READ MORE
02:39 PM
Market check | Sudden decline in markets
02:38 PM
NEWS ALERT | Devendra Fadnavis to address media at 3.30 pm
Business Standard
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@bsindia
#BreakingNews | Maharashtra govt formation: Ajit Pawar resigns as Deputy Chief Minister#MaharashtraGovtFormation#AjitPawarhttps://mybs.in/2XAlDLj?3435
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2:35 PM - Nov 26, 2019
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02:29 PM
Market check
02:28 PM
Market check
02:22 PM
Castrol India slides 4%
02:10 PM
BUZZING STOCK:: Gujarat Gas up 5%
02:07 PM
India Must Clean Up or Clear Out Dodgy Brokers
More than $200 billion in bad loans tumbled out when banks were made to open their attics to the regulatory broom four years ago. That cleanup isn’t over, and already it’s the stockbrokers’ turn. Who knows what will emerge?
Investors are waiting to find out after the Securities and Exchange Board of India, or Sebi, banned Karvy Stock Broking Ltd., a middleman for nearly 250,000 clients, from taking on new customers. The regulator said in its interim order that the broker may have helped itself to investors’ money and securities and diverted as much as $150 million to its real-estate business. READ MORE
01:58 PM
Stocks that hit 52-week highs on BSE500
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
AAVAS FINANCIERS 1823.35 1839.50 114.00 6.67
ADANI ENTERP. 210.40 217.70 -4.80 -2.23
ADANI GREEN 115.65 119.00 1.45 1.27
ADITYA BIRLA CAP 108.10 114.25 -2.65 -2.39
DIVI'S LAB. 1788.35 1805.00 24.15 1.37
» More on 52 Week High
01:49 PM
BUZZING STOCK:: Biocon up 4%
01:48 PM
Buzzing | Indiabulls Ventures sees sudden spike
01:34 PM
Global markets check
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-US efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent to a one-week high. Australian shares were up 0.83 per cent, while Japan's Nikkei stock index rose 0.54 per cent.
The pan-region Euro Stoxx 50 futures were up 0.03 per cent, German DAX futures were up 0.12 per cent, while FTSE futures were up 0.14 per cent on Tuesday.
01:19 PM
Nifty Pharma index off day's low
01:02 PM
NEWS ALERT | Jyothy Labs promoter released pledge on 2.25 cr shares on November 22: CNBC TV18
01:01 PM
NEWS ALERT | India Ratings and Research revises GDP growth forecast for FY20 to 5.6%
-- Says, the new projection suggests that 2QFY20 GDP growth is likely to be 4.7%
-- Despite favourable base effect, declining growth momentum suggests that even the 2HFY20 will now be weaker than previously forecasted and is likely to come in at 6.2%.
12:52 PM
Bharti Airtel dips 4% as investors book profit amid ICRA's rating downgrade
Bharti Airtel shares slumped 4 per cent to Rs 435 on the BSE on Tuesday after rating agency ICRA downgraded the company’s long-term rating from "AA" to "AA-"on higher-than-anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge. The telecom services provider's stock hit a multi-year high of Rs 456 in intra-day trade on Monday. READ MORE
Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves
12:47 PM
Buzzing | Vodafone Idea declines over 8%
-- Telecom secretary Anshu Prakash on Monday said no reference has been sent to TRAI on setting floor price on tariffs and the Digital Communications Commission will meet in the second half of December where it may take up the issue of spectrum auctions.
12:25 PM
Tejas Networks surges 10% on strategic pact with Bharat Electronics
Shares of Tejas Networks were locked in upper circuit of 10 per cent at Rs 105 on the BSE on Tuesday after the company announced that it has signed a Memorandum of Understanding (MoU) with the state-owned defence solution provider Bharat Electronics (BEL). The trading volumes on the counter doubled with a combined 1.4 million equity shares changing hands on the NSE and BSE till 11:48 am. READ MORE
Tejas Networks resumes IPO plan
12:16 PM
Are Indian banks out of the woods? Yes, no and the answers in between
The quarter-on-quarter (Q-o-Q) net profit of 35 listed banks that have announced their earnings till last weekend is down by over 37 per cent but their profits before tax is up 9.36 per cent. Why am I talking about Q-o-Q figures and not year-on-year (Y-o-Y)? That won’t make much sense as too many banks were in losses in the September 2018 quarter and overall the industry was in the red. The rise in operating profits, riding on growth in net interest income, is a happy sign. The Y-o-Y growth in advances has been close to 11 per cent, the growth in deposits is higher--12.39 per cent. READ MORE
12:03 PM
Market check | Nifty turns negative for the first time during the day
11:58 AM
MARKET CHECK
11:51 AM
Dr Reddy's Labs extends gains for second straight day, hits 33-month high
Shares of Dr Reddy’s Laboratories hit an over two-year high of Rs 2,971, up 2 per cent on Tuesday, extending its previous day’s 2 per cent gain on the BSE after the drug maker launched Doxercalciferol injection in the US market. The stock was trading at its highest level since February 13, 2017. “It is the therapeutic generic equivalent of Hectorol (doxercalciferol) injection approved by the US Food and Drug Administration (USFDA),” Dr Reddy’s said in press release. READ MORE
Dr Reddy's
In the opening deals, the 30-share index of BSE hit a new high of 41,120.28 levels. ICICI Bank (up over 2.50 per cent) ended as the top gainer on the index while Bharti Airtel (down over 4 per cent) emerged as the biggest loser.
On the NSE, the broader Nifty50, too, scaled a fresh peak of 12,132.45 levels in the early trade.
In the broader market, the Nifty Midcap 100 index slipped 0.85 per cent to end at 16,915 levels while the Nifty SmallCap 100 index lost 0.42 per cent to end at 5,721.
Sectorally, media counters took the biggest hit, led by steep fall in ZEE Entertainment Enterprises (ZEEL) shares following the resignation of Subhash Chandra as Chairman of the company. The Nifty Media index declined 3.63 per cent to close at 1,889 levels. Next on the list was IT stocks as the Nifty IT pack lost over a per cent to 14,922 levels.
India VIX settled nearly a per cent lower at 14.89 levels.
BUZZING STOCKS
Zee Entertainment Enterprises (ZEEL) slumped up to 9 per cent to Rs 312.50 on the BSE after its founder Subhash Chandra stepped down as the company's chairman. Chandra becomes non-executive director with immediate effect. The decision was taken following a board meet on Monday. The stock settled at Rs 320, down 7 per cent.
Bharti Airtel shares declined over 4 per cent to Rs 432 on the BSE after rating agency ICRA downgraded the company’s long-term rating from "AA" to "AA-"on higher-than-anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge.
On the upside, shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs). The scrip ended at Rs 1,817, up 6.30 per cent.
GLOBAL MARKETS
World stocks hit their highest in almost two years on Tuesday, keeping record highs in sight, following fresh signs that the United States and China were working to end a bitter trade war that has dealt a blow to the global economy. Besides, a strong Hong Kong debut for Chinese e-commerce giant Alibaba in the world's largest share sale of this year, boosted stock markets in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent to a one-week high. Australian shares were up 0.83 per cent, while Japan's Nikkei stock index rose 0.54 per cent. US stock futures edged 0.08 per cent higher in Asia on Tuesday after Wall Street’s three main stock averages closed at record highs on
Monday, buoyed by hopes for a trade deal and by M&A activity.
In European market, the pan-region Euro Stoxx 50 futures were up 0.03 per cent, German DAX futures were up 0.12 per cent, while FTSE futures were up 0.14 per cent on Tuesday.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 68 points or 0.17 per cent to end at 40,821 while NSE's Nifty50 index ended at 12,038, down 36 points or 0.30 per cent.
03:43 PM
Nifty snapshot
Broad-based sell-off
03:42 PM
Sensex heat map
Bank stocks among key gainers; Bharti Airtel slips over 4%
03:41 PM
Index watch
03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 68 points or 0.17 per cent to end at 40,821 while NSE's Nifty50 index ended at 12,038, down 36 points or 0.30 per cent.
03:27 PM
MARKET CHECK | Around 1.15% equity of ICICI Bank changes hand
03:19 PM
MARKET CHECK | Bhati Infratel plunges 7%
03:07 PM
Buzzing | Jubilant Foodworks hits record high
-- Stock up 31% in 2019 with market cap now exceeding Rs 21,000 cr
-- Stock has gained 15% since results on 22nd October after Dominoes posted store sales growth of 4.9%
03:04 PM
US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant
Pharmaceutical firm Ipca Laboratories on Tuesday said the US health regulator has found its manufacturing unit in Silvassa, Gujarat, non-compliant with the current good manufacturing practices.
However, the company said that since this manufacturing facility is already under USFDA import alert and presently not doing any US business, this will have no impact on company's current on-going business activities. READ MORE
02:46 PM
Aavas Financiers hits new high, zooms 116% thus far in 2019
Shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE on Tuesday, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs).
Share price of the company has surged 116 per cent from Rs 851 on the BSE. Aavas Financiers is the fourth most value creators among the S&P BSE 500 index in CY19. In comparison, the benchmark S&P BSE Sensex has gained 13 per cent during the same period. READ MORE
02:39 PM
Market check | Sudden decline in markets
02:38 PM
NEWS ALERT | Devendra Fadnavis to address media at 3.30 pm
Business Standard
✔
@bsindia
#BreakingNews | Maharashtra govt formation: Ajit Pawar resigns as Deputy Chief Minister#MaharashtraGovtFormation#AjitPawarhttps://mybs.in/2XAlDLj?3435
Embedded video
22
2:35 PM - Nov 26, 2019
Twitter Ads info and privacy
See Business Standard's other Tweets
02:29 PM
Market check
02:28 PM
Market check
02:22 PM
Castrol India slides 4%
02:10 PM
BUZZING STOCK:: Gujarat Gas up 5%
02:07 PM
India Must Clean Up or Clear Out Dodgy Brokers
More than $200 billion in bad loans tumbled out when banks were made to open their attics to the regulatory broom four years ago. That cleanup isn’t over, and already it’s the stockbrokers’ turn. Who knows what will emerge?
Investors are waiting to find out after the Securities and Exchange Board of India, or Sebi, banned Karvy Stock Broking Ltd., a middleman for nearly 250,000 clients, from taking on new customers. The regulator said in its interim order that the broker may have helped itself to investors’ money and securities and diverted as much as $150 million to its real-estate business. READ MORE
01:58 PM
Stocks that hit 52-week highs on BSE500
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
AAVAS FINANCIERS 1823.35 1839.50 114.00 6.67
ADANI ENTERP. 210.40 217.70 -4.80 -2.23
ADANI GREEN 115.65 119.00 1.45 1.27
ADITYA BIRLA CAP 108.10 114.25 -2.65 -2.39
DIVI'S LAB. 1788.35 1805.00 24.15 1.37
» More on 52 Week High
01:49 PM
BUZZING STOCK:: Biocon up 4%
01:48 PM
Buzzing | Indiabulls Ventures sees sudden spike
01:34 PM
Global markets check
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-US efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent to a one-week high. Australian shares were up 0.83 per cent, while Japan's Nikkei stock index rose 0.54 per cent.
The pan-region Euro Stoxx 50 futures were up 0.03 per cent, German DAX futures were up 0.12 per cent, while FTSE futures were up 0.14 per cent on Tuesday.
01:19 PM
Nifty Pharma index off day's low
01:02 PM
NEWS ALERT | Jyothy Labs promoter released pledge on 2.25 cr shares on November 22: CNBC TV18
01:01 PM
NEWS ALERT | India Ratings and Research revises GDP growth forecast for FY20 to 5.6%
-- Says, the new projection suggests that 2QFY20 GDP growth is likely to be 4.7%
-- Despite favourable base effect, declining growth momentum suggests that even the 2HFY20 will now be weaker than previously forecasted and is likely to come in at 6.2%.
12:52 PM
Bharti Airtel dips 4% as investors book profit amid ICRA's rating downgrade
Bharti Airtel shares slumped 4 per cent to Rs 435 on the BSE on Tuesday after rating agency ICRA downgraded the company’s long-term rating from "AA" to "AA-"on higher-than-anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge. The telecom services provider's stock hit a multi-year high of Rs 456 in intra-day trade on Monday. READ MORE
Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves
12:47 PM
Buzzing | Vodafone Idea declines over 8%
-- Telecom secretary Anshu Prakash on Monday said no reference has been sent to TRAI on setting floor price on tariffs and the Digital Communications Commission will meet in the second half of December where it may take up the issue of spectrum auctions.
12:25 PM
Tejas Networks surges 10% on strategic pact with Bharat Electronics
Shares of Tejas Networks were locked in upper circuit of 10 per cent at Rs 105 on the BSE on Tuesday after the company announced that it has signed a Memorandum of Understanding (MoU) with the state-owned defence solution provider Bharat Electronics (BEL). The trading volumes on the counter doubled with a combined 1.4 million equity shares changing hands on the NSE and BSE till 11:48 am. READ MORE
Tejas Networks resumes IPO plan
12:16 PM
Are Indian banks out of the woods? Yes, no and the answers in between
The quarter-on-quarter (Q-o-Q) net profit of 35 listed banks that have announced their earnings till last weekend is down by over 37 per cent but their profits before tax is up 9.36 per cent. Why am I talking about Q-o-Q figures and not year-on-year (Y-o-Y)? That won’t make much sense as too many banks were in losses in the September 2018 quarter and overall the industry was in the red. The rise in operating profits, riding on growth in net interest income, is a happy sign. The Y-o-Y growth in advances has been close to 11 per cent, the growth in deposits is higher--12.39 per cent. READ MORE
12:03 PM
Market check | Nifty turns negative for the first time during the day
11:58 AM
MARKET CHECK
11:51 AM
Dr Reddy's Labs extends gains for second straight day, hits 33-month high
Shares of Dr Reddy’s Laboratories hit an over two-year high of Rs 2,971, up 2 per cent on Tuesday, extending its previous day’s 2 per cent gain on the BSE after the drug maker launched Doxercalciferol injection in the US market. The stock was trading at its highest level since February 13, 2017. “It is the therapeutic generic equivalent of Hectorol (doxercalciferol) injection approved by the US Food and Drug Administration (USFDA),” Dr Reddy’s said in press release. READ MORE
Dr Reddy's
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