Share markets close flat

  • Jet Airways shares slumps 23%
  • Shares of debt-heavy firms tumble, drag lenders too

After breaking its three-day rising streak to end 194 points lower yesterday, the stock markets closed flat today. Sensex settles 15.45 points lower at 39,741.36 while Nifty inched up 7.85 points to 11,914.05.

13 Jun 2019, 02:47:14 PM IST

Not making a comeback to Yes Bank's board

Rana Kapoor tweeted that he was not looking to make a comeback to the Yes Bank's board.

13 Jun 2019, 02:04:19 PM IST

Sugar output could drop 15%

India's sugar production could fall as much as 15% in 2019/20 from the year before as severe drought hits a key growing region, industry sources told Reuters.

13 Jun 2019, 01:27:58 PM IST

Indiabulls Housing Finance soars after writ petition withdrawn

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher.

13 Jun 2019, 12:45:45 PM IST

Jet Airways shares tank over 23%

13 Jun 2019, 12:04:40 PM IST

TCS hits record high; chart suggests more upside

Shares of India's top software services exporter Tata Consultancy Services (tcs) Ltd gained nearly 1% to a record high of 2,282.70.

13 Jun 2019, 11:45:20 AM IST

Yes Bank drops out of India's top 10 most valued lenders

Yes Bank Ltd lost its place in the list of the country’s 10 most valued lenders in terms of market capitalisation after foreign brokerage firm UBS India has cut its target price by over 47%.

13 Jun 2019, 11:45:20 AM IST

Midcaps are still trading at a discount to largecaps

Nifty Midcap 100 index is currently trading at a one-year forward price-to-earnings multiple of 15 times, lower than the 18 times of the Nifty50 index. Also, so far in this calendar year, the midcap index continues to underperform the largecap index.

13 Jun 2019, 10:48:42 AM IST

Jet Airways slumps 15%

Debt-heavy stocks such as Jet Airways India Ltd slumped 15% after National Stock Exchange of India (NSE) said on Wednesday it will remove the company from daily trading of futures and options, effective 28 June, citing the embattled carrier’s failure to respond to queries about persisting rumours in the market.

13 Jun 2019, 10:46:34 AM IST

Shares of debt-heavy firms tumble, drag lenders too

Shares of debt-laden companies on Thursday fell, dragging banks on fears of their possible exposure to these companies. The selling pressure was also due to corporate credit rating downgrades and recent resignations by auditors of several companies.

13 Jun 2019, 10:35:07 AM IST

Top gainers

L&T, TCS, Axis Bank, Bharti Airtel, Asian Paints and Bajaj Finance rose up to 1.20%.

13 Jun 2019, 10:34:51 AM IST

Top losers

IndusInd Bank, Sun Pharma, Vedanta, Tata Steel, Infosys, Hero MotoCorp, Bajaj Auto and Tata Motors fell up to 5.75 per cent.

13 Jun 2019, 10:34:16 AM IST

Yes Bank shares drop over 8%

Yes Bank was the worst performer in the Sensex pack, cracking up to 8.73 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade.

13 Jun 2019, 09:42:10 AM IST

Adani wins final approval for Australian coal mine

Adani Enterprises has received the go-ahead to start construction of a controversial coal mine in outback Australia, after a state government approved a final permit on ground water management.

13 Jun 2019, 09:30:59 AM IST

Rupee trading at 69.34 a dollar

The rupee was trading little changed against US dollar tracking mixed Asian currencies. At 9.12am, the rupee traded at 69.34 a dollar, up 0.02% from its previous close of 69.35. The Indian currency had opened at 69.37 a dollar.

13 Jun 2019, 09:30:23 AM IST

Oil extends decline after slump on high inventories, demand outlook

Oil prices fell for a second day on Thursday, extending declines of as much as 4% in the previous session, on continued increases in U.S. crude stockpiles and concerns about lower demand growth.

13 Jun 2019, 09:16:35 AM IST

Bond yield fell for 3rd day as inflation stays below RBI target

Government 10 year bond yield on Thursday fell for third session in a row after core inflation and headline inflation remained below the Reserve Bank of India's 4% target stocking greater monetary easing ahead.

13 Jun 2019, 09:06:22 AM IST

Shares of Tata Motors likely to be in focus today

Shares of Tata Motors are likely to be in focus today as Jaguar Land Rover Ltd, its UK subsidiary of Tata Motors Ltd showed a 12.2% sales decline in May, twelfth consecutive month of falling sales for the luxury carmaker.

13 Jun 2019, 09:03:01 AM IST

Hong Kong leads way again in fresh Asia market sell-off

Asian markets fell again Thursday with Hong Kong suffering a second straight day of heavy losses as investors fret over the impact of protests in the city and plans to introduce a controversial law allowing extradition to China.