Sensex falls for third day, RIL shares decline 3.5%
2 min read . Updated: 22 Oct 2018, 04:15 PM IST
BSE Sensex closed down 0.53% at 34,134.38, the broader NSE Nifty ended 0.57% lower at 10,245.25
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PremiumOTHERS :Sensex and Nifty fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment. While the benchmark BSE Sensex closed down 0.53% at 34,134.38, the broader NSE Nifty ended 0.57% lower at 10,245.25. Reliance Industries was the top drag on the index, ending down 3.5%.
22 Oct 2018, 01:10:00 AM IST
Indiabulls Housing Finance rebounds 10%
Indiabulls Housing Finance plans to sell all or part of its 18.7 per cent stake in UK-based OakNorth Holdings within a month to a private equity fund, The Economic Times reported. Indiabulls Housing Finance shares were up nearly 10% in noon trade.
22 Oct 2018, 08:58:55 AM IST
RBL Bank, Persistent Systems shares fall sharply
HDFC Bank rose 2.2% to Rs 2010 after the company reported 20.6% increase in its net profit to Rs 5005.73 crore in September quarter from Rs 4151.03 crore a year ago. Persistent Systems Ltd fell 13% to Rs 577.60 after the company reported lower than expected earnings. Net profit rose 7% to Rs 88.14 crore in September quarter against Rs 82.62 crore a year ago.Jet Airways India Ltd fell 5% to Rs 219.20 after a report by Economic Times said that the company is said to be pruning its workforce and operations further as India’s second biggest airline battles its worst financial crisis. RBL Bank Ltd fell 8% to Rs 468 after brokerage firm Morgan Stanley has downgraded the bank to underweight from equal weight.
22 Oct 2018, 08:58:55 AM IST
Sensex off to a strong start, HDFC Bank shares jump
The Sensex gave up some of its opening gains though it was firmly in the green. HDFC Bank shares were up 1.5%. Indian rupee today opened marginally loweragainst US dollar tracking losses in its Asian peers. At 9.15am, the home currency was trading at 73.36 a dollar, down 0.05% from its Friday’s close of 73.33. The currency opened at 73.41 a dollar.
22 Oct 2018, 08:58:55 AM IST
Opening bell: Cues to look out for before trading today
Asian markets opened lower as investors eyed corporate earnings. Over the weekend US stocks closed mixed. But Chinese stocks jumped the most in more two years after top officials continued to express support for the nation’s struggling private sector. The Shanghai Composite Index rose 3.1 percent to 2,629.90.HDFC Bank on Saturday said its second-quarter net profit rose 20.59% on higher net interest income and other income. Profit was slightly lower than Bloomberg poll of 17 analysts.Top-level exits continue at Infosys, reports Business Standard. According to the report, Ken Toombs, global head of consulting, at the company resigned.Jet Airways is said to pruning its workforce and operations further as the airline battles its worst financial crisis, reports The Economic Times. In another report ratings agency ICRA downgraded the long term rating of InterGlobe Aviation’s Rs 8,000 crore bank facilities.Tata Sons has increased its stake in Tata Motors, reports Business Standard. According to the report, the Tata Group holding company increased its stake in the flagship firm to 34.2% as of September from 33.3% in June.Asian Paints Ltd, Hindustan Zinc Ltd, Inox Leisure Ltd, Oberoi Realty Ltd, and Welspun India Ltd are some of the companies that will release their earnings for the September quarter today.
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