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Jul 09, 2019 03:46 PM IST | Source:

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.

  • Jul 09, 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.

  • Jul 09, 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.

  • Jul 09, 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.

  • Jul 09, 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.

  • Jul 09, 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.

  • Jul 09, 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.

  • Jul 09, 02:50 PM (IST)

    Buzzing: REC share price has crashed 15 percent today. 

  • Jul 09, 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. 
  • Jul 09, 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.

  • Jul 09, 02:05 PM (IST)

    Sectoral Indices Update

      Sectoral Indices Update
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