Home >Markets >Live Blog >Nifty reverses course to end flat after hitting 11,900

Nifty reverses course to end flat after hitting 11,900

  • Reliance Industries ended 1.6% lower, while Tech Mahindra shed 2.3%
  • Investors hope for progress in US-China trade talks at the G-20 summit

NEW DELHI : Indian shares erased early gains to settle largely flat today due to volatility around the expiry of June derivative contracts, with Reliance Industries Ltd and Tech Mahindra Ltd among the biggest losers.

The broader NSE Nifty closed 0.05% lower at 11,841.55 after hitting 11,900 intraday, while the benchmark BSE Sensex was flat at 39,586.41.

Reliance Industries ended 1.6% lower, while Tech Mahindra shed 2.3%.

27 Jun 2019, 12:10:50 PM IST

Coffee Day Enterprises rises 4%

Shares of Coffee Day Enterprises surged today after Economic Times reported that US-based beverage maker Coca-Cola is in exclusive talks to pick up a significant stake in Cafe Coffee Day. Coca-Cola said "news is absolutely speculative in nature" and did not comment any further. (Reuters)

27 Jun 2019, 11:01:47 AM IST

HDFC Bank shares hit record high

Shares of HDFC Bank inched higher to a new high of 2,479 on BSE. Mint reported that India’s largest private sector lender, HDFC Bank Ltd, is eyeing an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more than $1 billion, said two people aware of the development. (Read: HDFC Bank plans to list NBFC arm, raise $1 billion)

27 Jun 2019, 10:57:38 AM IST

Aster DM Healthcare shares up 3%

Private equity firm True North has sold 7.39%t stake in Aster DM Healthcare worth over 448 crore through open market transactions. A total of 3.73 crore shares, amounting to 7.39% stake, were offloaded by True North Fund III A at a price of 120.03 per scrip on Wednesday, translating into a 448.47-crore transaction, according to bulk deal data available on NSE. In separate transactions, HDFC Mutual Fund bought 83 lakh shares of Aster DM for 99.6 crore, Tata AIA Insurance purchased 50 lakh shares worth 60 crore, while Fidelity Management and Ontario Pension Board bought 48.28 lakh shares and 27.6 lakh scrips, respectively for 57.94 crore and 33.18 crore. Shares of Aster DM Healthcare was trading at 128.50, up 3%. (With PTI inputs)

27 Jun 2019, 10:06:20 AM IST

Asian shares rise on optimism around Trump-Xi meeting

Asian stocks advanced Thursday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week.

Tokyo's benchmark Nikkei 225 rose 0.8% to 21,262.10 and the Kospi in South Korea climbed 0.9% to 2,139.91. Hong Kong's Hang Seng was up 0.9% at 28,466.09. The Shanghai Composite jumped 0.7% to 2,995.82 and Australia's S&P/ASX 200 added 0.1% to 6,644.90. Shares rose in Taiwan and throughout Southeast Asia.

27 Jun 2019, 09:34:47 AM IST

Chemical stocks surge to record highs

Aarti Industries Ltd., Fine Organic Industries Ltd., Galaxy Surfactants, PI Industries Ltd. and SRF Ltd — has risen 30% to a record high.

27 Jun 2019, 09:33:43 AM IST

Rupee, bond prices open marginally lower

The Indian rupee and bond prices weakened marginally today after international crude oil prices advanced, stoking worries of higher inflation and fiscal slippage.

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