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The Bombay Stock Exchange (BSE) building in Mumbai
The Bombay Stock Exchange (BSE) building in Mumbai

Sensex, Nifty close 0.5% lower; bank stocks hit by adverse AGR ruling

  • Bharti Airtel ends 4.7% up, IndusInd sheds 4.4%
  • Only 8 Sensex stocks end up; BSE MidCap down 125 points

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14 Feb 2020, 03:59:40 PM IST

Market closing

Sensex drops 202.05 pts to close at 41,257.74, Nifty down 61.20 pts to 12,113.45 as banking, auto shares decline

14 Feb 2020, 03:32:04 PM IST

BSE Bankex down 425 points

Index heavyweights HDFC Bank and State Bank of India lose more than 2% on AGR impact

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14 Feb 2020, 03:27:25 PM IST

IndusInd down 4%, has exposure to telcos hit by AGR order

IndusInd Bank falls 4% post SC ruling in AGR case. The corporate loan book shows an exposure of 1.20% to the telecom-cellular sector.

14 Feb 2020, 02:55:28 PM IST

SpiceJet share up 7.7% after on robust Q3 results

SpiceJet Oct-Dec net profit 78.16 cr vs 63.53 cr a year ago

Spicejet Oct-Dec total income 3,926.58 cr vs 2,532.60 cr year ago

14 Feb 2020, 02:07:35 PM IST

Sensex at 1400

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14 Feb 2020, 02:06:03 PM IST

Future Enterprises shares slip on weak Q3 performance

Shares of Future Enterprises fell 1.6% on BSE after company's December quarter profit declined to 15.66 crore from 32.04 crore from a year ago.

14 Feb 2020, 01:55:02 PM IST

Shree cements declares interim dividend

The board of directors of the company has declared interim dividend of 110 per equity share of 10 each for FY20

14 Feb 2020, 12:11:40 PM IST

January WPI at 3.1%

Core WPI inflation at -1% vs -1.5% month-on-month

Primary articles inflation at 10.01% vs 11.46% month-on-month

No-food article inflation at 7.05% vs 7.72% month-on-month

14 Feb 2020, 12:07:17 PM IST

Airtel shrugs off SC's AGR verdict, at 52-week high

Stock has doubled in a year, up 3.6% today at Rs559 as telecom market seen consolidating

14 Feb 2020, 12:04:23 PM IST

Sensex at 1200

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14 Feb 2020, 11:09:16 AM IST

#JustIn: AGR setback for telecom companies, SC furious with DoT

The Supreme Court on Friday ordered contempt proceedings against telecom service providers while making scathing observations on the officials of department of telecommunications (DoT) for allowing the firms delay payment of dues, ignoring its 24 October verdict that had directed them to pay DoT over 1 trillion in dues for under reporting their revenues.

14 Feb 2020, 10:56:39 AM IST

Sensex erases gains

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14 Feb 2020, 10:45:18 AM IST

AGR case: Supreme Court observes PSUs can challenge demand notices separately

14 Feb 2020, 10:44:08 AM IST

Oil India agrees to withdraw petition against department of telecommunications in adjusted gross revenue matter

14 Feb 2020, 10:28:32 AM IST

Yes Bank up 6%

Extending gains for the second day, shares of Yes Bank Limited rose 6.32% in Fridays’s session on optimism around capital raising plans. The private sector lender has received non-binding expressions of interest (EoI) from four “prominent" investors.

14 Feb 2020, 10:17:58 AM IST

Nestle India hits 52-week high

Shares of Nestle India Ltd hit a 52-week high of 16,753.45 in the session so far 16,753.45 on Friday. The domestic arm of the Swiss FMCG giant, reported a net profit of Rs473.02 crore, up 38.41% in the quarter ended December 31, 2019 due to lower tax expenses and strong domestic sales.

14 Feb 2020, 10:06:58 AM IST

Rupee slips 2 paise to 71.33 against US dollar in early trade

The rupee fell marginally by 2 paise to 71.33 against the US dollar in opening trade on Friday, amid strengthening of the American currency in the overseas market.

14 Feb 2020, 09:56:08 AM IST

What stocks India’s top three mutual funds bought and sold last month

Inflows into Indian equity funds rose to a five-month high in January amid signs of a revival in small- and mid-cap stocks, a battered corner of the $2.2 trillion market for two straight years.

Here’s what the top three asset managers bought and sold.

14 Feb 2020, 09:33:50 AM IST

Vodafone Idea surges 12%

Vodafone Idea shares surged 12% in early trade after the telecom operator's net loss narrowed to 6,438.8 crore in the three months to December from the 50,922 crore loss posted in the September quarter, after it accounted for most of the liabilities related to adjusted gross revenue (AGR) in the preceding quarter itself.

14 Feb 2020, 09:32:07 AM IST

Sensex edges higher, Nifty above 12,200

Among the Sensex stocks, Nestle India, Asian Paints, UltraTech Cement and L&T were up between 1% and 1.5%.

14 Feb 2020, 09:22:59 AM IST

30-share Sensex rises in opening deals

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14 Feb 2020, 09:07:55 AM IST

SEBI bans upfront distributor commissions in PMS

In a circular released on 13th February, the Securities and Exchange Board of India barred portfolio management service (PMS) providers from charging upfront fees to customers directly or indirectly. It also prohibited them from paying upfront commissions to distributors, who would be allowed to receive only trail commissions.

14 Feb 2020, 09:04:35 AM IST

Supreme Court to hear AGR modification plea today

The Supreme Court today will hear the modification applications filed by Vodafone Idea Ltd, Bharti Airtel Ltd and Tata Teleservices seeking extension to pay the adjusted gross revenue (AGR) dues to the department of telecommunications. Both Airtel and Vodafone missed the 23 January deadline to pay the AGR dues.

Vodafone Idea owes over 50,000 crore to DoT, while Bharti Airtel has to pay 35,586 crore.

14 Feb 2020, 08:43:37 AM IST

Stocks to Watch: Bharti Airtel, Avenue Supermarts, BPCL, Nestle, Vodafone Idea

Here is a list of top 10 stocks that may be in focus on Friday

14 Feb 2020, 08:37:51 AM IST

Sensex, Nifty likely to be marginally lower as hopes of early end to coronavirus outbreak fade

Indian equity indices are expected to be marginally lower on Friday. Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.

14 Feb 2020, 08:31:37 AM IST

Wall Street ends in the red as virus fears spook investors

The Dow Jones Industrial Average fell 128.11 points, or 0.43%, to 29,423.31, the S&P 500 lost 5.51 points, or 0.16%, to 3,373.94 and the Nasdaq Composite dropped 13.99 points, or 0.14%, to 9,711.97.

14 Feb 2020, 08:29:06 AM IST

Asian Indices

Japan's Nikkei 225 fell 0.7% in morning trading to 23,667.18. Australia's S&P/ASX 200 inched up 0.1% to 7,112.60. South Korea's Kospi was little changed at 2,234.50. Hong Kong's Hang Seng slipped 0.3% to 27,730.00, while the Shanghai Composite dropped 0.7% to 2,906.07.

14 Feb 2020, 08:29:06 AM IST

Asian stocks edge mostly lower after China virus cases spike

Asian shares mostly fell Friday as investors turned cautious following a surge in cases of a new virus in China that threatens to crimp economic growth and hurt businesses worldwide.

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