Moneycontrol
Live now
AUTO REFRESH
Dec 14, 2018 03:36 PM IST | Source: Moneycontrol.com

Closing Bell: Indices end on a flat note after rangebound trade; Nifty above 10,800, Bharti Airtel up 5%

Among sectors, except pharma and metal all other sectoral indices ended in green, while midcap and smallcap stocks ended flat.

  • Dec 14, 07:37 PM (IST)

  • Dec 14, 03:33 PM (IST)

    Market at close: Benchmark indices ended positive but remained flat throughout the day with Nifty close just above 10,800 mark.

    At the end, Sensex was up 33.29 points at 35962.93, while Nifty was up 14 points at 10805.50. About 1249 shares have advanced, 1287 shares declined, and 145 shares are unchanged. 

    Bharti Airtel, Yes Bank, ONGC, NTPC and Asian Paints are the top gainers on the Sensex, while losers are HDFC, Wipro, L&T, Adani Ports and Bajaj Auto.

    Among sectors, except pharma and metal all other sectoral indices ended in green, while midcap and smallcap stocks ended flat.

  • Dec 14, 03:13 PM (IST)

    Gujarat Ambuja Exports' Plant Expansion

    Company has decided to put up a green field plant at Malda, West Bengal for 1000 TPD maize processing at an estimated cost of Rs 300 crore.

    The plant will manufacture starch, liquid glucose and sorbitol to cater to the requirements of Eastern part of the country and export markets of Bangladesh and South East Asian countries, the company said, adding the project will be executed within a period of 2 years from now.

  • Dec 14, 03:03 PM (IST)

    Market Update:

    Benchmark indices continued to be volatile in afternoon after rising for previous third consecutive sessions.

    The Sensex gained 4.86 points at 35,934.50 while the Nifty fell 1.80 points to 10,789.70 amid balanced market breadth.

    About 1,135 shares advanced while 1,271 shares declined on the BSE.

  • Dec 14, 02:49 PM (IST)

    Fund Raising

    Satin Creditcare Network raised $30 million non-convertible debentures (NCD) from the Netherlands Development Finance Company (FMO) to accelerate its microfinance lending portfolio.

    The investment will support Satin Creditcare in its planned expansion and portfolio growth, and its efforts in increasing financial inclusion, through its operations in more than 20 states, the company said.

  • Dec 14, 02:44 PM (IST)

    Gayatri Projects Bags Orders

    Company has bagged a new order of Rs 493 crore. This project is in JV, with Gayatri Projects being the lead partner with 74 percent stake. 

    The work includes construction of new 6 lane tunnel at Khambataki Ghat Section of NH-4 in Maharshtra under NHDP Phase - V on EPC Mode, the company said.

  • Dec 14, 02:40 PM (IST)

    India Hume Pipe Company Wins Order

    The company has received two Letters of Acceptance aggregating to Rs 234.11 crore from Madhya Pradesh Jal Nigam Maryadit, Bhopal.

      India Hume Pipe Company Wins Order  

 The company has received two Letters of Acceptance aggregating to Rs 234.11 crore from Madhya Pradesh Jal Nigam Maryadit, Bhopal.
  • Dec 14, 02:33 PM (IST)

    Anti-dumping Duty Likely On Chinese Chemical

    The government may impose anti-dumping duty for five years on a Chinese chemical used in dye and photography industry in order to guard domestic players from cheap imports from the neighbouring country.

    Imposition of the duty on 'Meta Phenylene Diamine' was recommended by the commerce ministry's investigation arm - Directorate General of Trade Remedies (DGTR) after conducting a probe in this regard.

    In its probe, the directorate has concluded that there has been continued dumping of the chemical from China and it is likely to continue and increase if the current duty is allowed to cease. Source: PTI

  • Dec 14, 02:19 PM (IST)

    Just In - ONGC To Consider Buyback Proposal

    Oil and Natural Gas Corporation said the board meeting is scheduled on December 20 to consider the proposal for buyback of the fully paid-up equity shares of the company.

    Hence, trading window' will remain closed for the designated persons from December 17 to, 24, 2018.

      Just In - ONGC To Consider Buyback Proposal  

 Oil and Natural Gas Corporation said the board meeting is scheduled on December 20 to consider the proposal for buyback of the fully paid-up equity shares of the company. 
 
Hence, trading window' will remain closed for the designated persons from December 17 to, 24, 2018.
  • Dec 14, 02:17 PM (IST)

    Alembic Pharma Raises Rs 350 Crore Via NCDs

    Drug firm Alembic Pharmaceuticals said it has raised Rs 350 crore through allotment of non-convertible debentures (NCDs) on private placement basis.

    "The NCD committee of Alembic Pharmaceuticals Ltd...has allotted 1,500, 9 percent rated unsecured listed redeemable non-convertible debentures (NCDs)... aggregating to Rs 150 crore under tranche I," Alembic Pharmaceuticals said in a regulatory filing.

    The company said it has also allotted 2,000, 9 percent rated unsecured listed redeemable NCDs...aggregating to Rs 200 crore. Source: PTI
     

  • Dec 14, 02:11 PM (IST)

    Honda Cars to Increase Car Prices

    Auto major Honda Cars India said it will increase prices of its entire model range from next month in order to partially offset the impact of rising input costs.

    The company, which sells a range of models in the country, including sedans Amaze and City, is currently working on the quantum of the price increase.

    "Our input costs are up by 4 percent already due to rise in input costs. In order to offset the impact we are looking to increase vehicle prices from January. We are currently in the process of working out the exact quantum of the hike," Honda Cars India Ltd (HCIL) Senior VP and Director (Sales and Marketing) Rajesh Goel told PTI.

  • Dec 14, 02:08 PM (IST)

    Europe Update

    European stocks also traded lower, amid escalating concerns of a sharp slowdown in the world's second largest economy.

    Germany's DAX, Britain's FTSE and France's CAC indices were down around a percent each.

  • Dec 14, 02:01 PM (IST)

    JUST IN | Reserve Bank of India (RBI) board meeting concluded.

  • Dec 14, 01:50 PM (IST)

    Gold Update: Gold prices fell on Friday and were on track to mark their biggest weekly decline in five weeks due to a firmer dollar, as investor focus shifted towards an expected US interest rate hike next week.

  • Dec 14, 01:40 PM (IST)

    ADAG Stocks trade higher

    Anil Dhirubhai Anmabi Group (ADAG) stocks are trading higher after Supreme Court (SC) dismissed all the petitions seeking an investigation into alleged irregularities in the Rs 58,000 crore deal.

    There is no occasion to doubt the decision-making process in the procurement of 36 Rafale jets from France, the Supreme Court said on Friday and dismissed all the petitions seeking an investigation into alleged irregularities in the Rs 58,000 crore deal, reported PTI.

  • Dec 14, 01:35 PM (IST)

    Oil Update: Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support

  • Dec 14, 01:21 PM (IST)

    Ramco Cements' Expansion Plan

    The company proposes to expand its clinker capacity from 3.10 MTPA to 4.60 MTPA along with waste heat recovery system (WHRS) of 27 MW at its Jayanthipuram plant in Krishna District at a cost of Rs 740 crore.

    The company is also expanding its grinding capacity at Vizag by another 1 MTPA with the investment of Rs 250 crore for increasing the capacity from 0.9 MTPA to 2 MTPA.

    Both projects are expected to be commissioned in March 2020.

    With the above investments, the capacity in the State of Andhra Pradesh would become close to 10 MTPA making the company the largest Cement Manufacturer in Andhra Pradesh, Ramco Cement said.

  • Dec 14, 01:17 PM (IST)

    Asian Markets Close Sharply Lower

    Shares in Asia closed lower as Chinaese economic data missed expectations, deepening worries about headwinds facing the world's second largest economy.

    China's Shanghai Composite, Japan's Nikkei, Hong Kong's Hang Seng, South Korea's Kospi and Australia's ASX 200 were down 1-2 percent.

  • Dec 14, 01:08 PM (IST)

    PE and M&A Deals in 2018

    2018 has been a blockbuster year for deal activity in India as this year has broken all previous records by crossing the $100 billion mark in terms of deal value across both private equity (PE) and strategic (M&A) transactions, PwC India said.

    Deal value as of December 3, 2018 had reached a record high of around $105 billion across 1,640 transactions, it added.

    It said 2018 also recorded strategic deals worth over $71 billion, superseding all previous records and making 2018 a landmark year for M&A in India.

  • Dec 14, 12:53 PM (IST)

    Dr Lal PathLabs in Focus

    National Company Law Tribunal has sanctioned the scheme of amalgamation between the company and subsidiary Delta Ria and Pathology Private Limited.

  • Dec 14, 12:29 PM (IST)

    PSU Banks in Focus as RBI Board Meeting Gets Underway

      PSU Banks in Focus as RBI Board Meeting Gets Underway
  • Dec 14, 12:19 PM (IST)

    RBI Board Meeting Gets Underway

    The crucial central board meeting of the Reserve Bank is underway today morning to discuss contentious issues including a new economic capital framework
    (ECF) for the central bank and relaxation in the prompt corrective action norms for at least some of 12 state-run banks.

    This is the first board meet chaired by the newly-appointed Shaktikanta Das, who took over as the 25th governor on Wednesday.

    In the previous board meeting, held on November 19, the board had decided to constitute a committee of experts to fix the appropriate level of economic capital framework (ECF) that the central bank should hold at any given time and the membership and terms of reference of which will be jointly determined by government and RBI. Source: PTI

  • Dec 14, 12:05 PM (IST)

    November WPI Eases to 4.64%

    WPI inflation, which is calculated on wholesale prices, fell to 4.64 percent in November 2018, from 5.28 percent in October on lower power and fuel inflation and food deflation.

  • Dec 14, 11:59 AM (IST)

    Reliance Communications Rises After Supreme Court Order

    Shares of Reliance Communications rose 6.6 percent intraday after Supreme Court directed Department of Telecommunications (DoT) to issue NOC to allow company the spectrum sale within 2 days.

    Earlier, Supreme Court allowed spectrum sale from Reliance Communications to Jio and directed company to furnish corporate guarantee of Rs 1,400 crore to DoT.

    However, Reliance Realty has furnished corporate guarantee of Rs 1,400 crore to Telecom Department as directed by the Supreme Court.

  • Dec 14, 11:48 AM (IST)

    EU Steps Up Planning For No-Deal Brexit

    EU leaders agreed Thursday to step up preparations for Britain crashing out of the bloc next March without a deal, with the European Commission to publish a plan next week.

    At a summit in Brussels, the leaders of the 27 EU member states called for work on "contingency preparedness" -- Brussels jargon for no-deal planning -- to be intensified.

    Commission President Jean-Claude Juncker said he would publish no-deal planning details on December 19, urging Britain to clarify what it wants from the EU. Source: PTI

  • Dec 14, 11:35 AM (IST)

    NIIT Jumps on Allotment of Shares to Amalgamating Companies

    NIIT shares gained more than 4 percent after the board approved the allotment of 2.53 crore shares to PIPL Management Consultancy and Investment Private Limited and 2.59 crore shares to Global Consultancy and Investment Private Limited.

    Both companies will be amalgamated into NIIT Limited, which was sanctioned by National Company Law Tribunal on November 12, 2018.

    "Further 51,282,359 equity shares held by the Amalgamating Companies in the share capital of the Company got cancelled pursuant to the Scheme," the company said, adding there is no change in equity shareholding (promoter/ public) of the company, post allotment/ cancellation of equity shares.

      NIIT Jumps on Allotment of Shares to Amalgamating Companies  

 NIIT shares gained more than 4 percent after the board approved the allotment of 2.53 crore shares to PIPL Management Consultancy and Investment Private Limited and 2.59 crore shares to Global Consultancy and Investment Private Limited. 

 Both companies will be amalgamated into NIIT Limited, which was sanctioned by National Company Law Tribunal on November 12, 2018. 

 "Further 51,282,359 equity shares held by the Amalgamating Companies in the share capital of the Company got cancelled pursuant to the Scheme," the company said, adding there is no change in equity shareholding (promoter/ public) of the company, post allotment/ cancellation of equity shares.
  • Dec 14, 11:29 AM (IST)

    Dhanuka Agritech Gains Ahead of Board Meet

    Shares of Dhanuka Agritech added 3 percent intraday as the company is going to consider buyback price on December 20.

    The meeting of the buyback committee of the company shall be held on December 20, 2018, to consider and approve the final buyback price, fixation of record date and other related matters in respect of the proposed buyback of equity shares of the company.

    Trading Window for dealing in securities of the company will be closed with effect from December 14, 2018, to December 23, 2018 (both days inclusive).

Loading...
Sections
Follow us on
Available On
PCI DSS Compliant