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July 09, 2019 / 03:46 PM IST

Closing Bell: Indices close volatile session mixed, Nifty holds 11,550; Mid, Smallcap indices outperform

Sectoral trend was mixed with Nifty Financial Service index falling while Nifty Pharma gained nearly 3 percent.

  • IndexPricesChangeChange%
    Sensex57,696.46-764.83 -1.31%
    Nifty 5017,196.70-204.95 -1.18%
    Nifty Bank36,197.15-311.10 -0.85%
    Nifty 50 17,196.70 -204.95 (-1.18%)
    Fri, Dec 03, 2021
    Biggest GainerPricesChangeChange%
    UPL712.7514.55 +2.08%
    Biggest LoserPricesChangeChange%
    Power Grid Corp206.10-8.40 -3.92%
    Best SectorPricesChangeChange%
    Nifty Midcap 10030293.30-3.20 -0.01%
    Worst SectorPricesChangeChange%
    Nifty FMCG37498.10-394.50 -1.04%

  • July 09, 2019 / 03:40 PM IST

    Market Closing

    Benchmark indices closed volatile session on a mixed note after falling sharply in previous two straight sessions due to tax proposals in Budget.

    The BSE Sensex rose 10.25 points to 38,730.82 while the Nifty50 fell 2.70 points to 11,555.90.

    The broader markets outperformed frontliners with the Nifty Midcap and Smallcap indices rising 0.4 percent each.

    Bajaj Finance, Sun Pharma, IOC, Bajaj Finserv and Hero Motocorp were top gainers among Nifty50 stocks, rising 3-6 percent.

    Titan Company plunged 12 percent. UPL, GAIL, TCS and Yes Bank fell 2-3 percent.

  • July 09, 2019 / 03:28 PM IST

    DHFL Falls 9%

    Shares of HFC Dewan Housing Finance Corporation fell 9 percent after a media report indicated that the company is likely to present a proposal for resolution to its lenders on July 11.

    DHFL is hopeful to raise Rs 7,000 crore via stake sale to a private equity player.

    Sources told CNBC-TV18 Aion Capital and Cerberus Capital are likely in the lead to acquire DHFL stake while DHFL itself also remains in talks with Lone Star & KKR for a potential deal.

  • July 09, 2019 / 03:20 PM IST

    Zee Media in Action

    Company said CARE revised rating on company's long-term facilities of Rs 113 crore to 'BBB' from 'A'  and also revised outlook to stable from credit watch.

  • July 09, 2019 / 03:14 PM IST

    ICICI Securities Diversifies Business Model

    ICICI Securities said it announced the diversification of its business model by entering into retail asset (loans) distribution business, thereby opening a new revenue stream for the organization.

    This service is inclusive of products such as personal loan, home loans, loan against property, auto loans, and credit cards offered by ICICI Bank. I-Sec will earn a distribution commission for selling these products through its online (ICICI Direct platform) and offline channels (network of around 200 branches), it added.

  • July 09, 2019 / 03:03 PM IST

    Europe Update

    European stocks traded lower as diminished hopes of a rate cut from the US Federal Reserve this month continued to dampen market sentiment.

    Germany's DAX fell 1.3 percent. Britain's FTSE was down 0.3 percent and France's CAC slipped 0.7 percent.

  • July 09, 2019 / 02:59 PM IST

    Surya Roshni Bags Order

    Surya Roshni said it received order of Rs 58.39 crore for LED battens from EESL through competitive e-bidding.

  • July 09, 2019 / 02:50 PM IST

    Buzzing: REC share price has crashed 15 percent today. 

  • July 09, 2019 / 02:29 PM IST

    The Pharma index is the biggest gainer today, led by Sun Pharma that has surged about 7 percent. 

     The Pharma index is the biggest gainer today, led by Sun Pharma that has surged about 7 percent. 
  • July 09, 2019 / 02:09 PM IST

    Just In

    ABB India said the board of directors granted in-principle approval for sale of company's solar inverter business to an Italian company, FIMER S.p.A.

    In this regard the Board authorised the management of the company to take all required steps including appointment of advisors, valuers etc.

    "The board's decision is in line with ABB Group’s strategy of ongoing systematic portfolio management to strengthen competitiveness, focus on quality of revenue and higher growth segments, company said.

  • July 09, 2019 / 02:05 PM IST

    Sectoral Indices Update

      Sectoral Indices Update
  • July 09, 2019 / 02:01 PM IST

    Market Update:

    Benchmark indices slipped again amid volatility in afternoon. The BSE Sensex was down 94.39 points at 38,626.18 and the Nifty50 fell 37.60 points to 11,521.

  • July 09, 2019 / 02:00 PM IST

    Meghmani Organics Climbs 3%

    Meghmani Organics shares gained nearly 3 percent intraday after its subsidiary started commercial production of chlormethane.

    Meghmani Finechem (MFL) is a material subsidiary of company in which company holds 57 percent stake.

    Company said MFL has completed installation of chlormethane (CMS) project with capacity of 40,000 million tonne per annum in the existing caustic chlorine complex situated at GIDC Dahej, in South Gujarat.

    "MFL has commenced commercial production in chlormethane (CMS) from July 4, 2019," it added.

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