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Apr 25, 2019 03:32 PM IST | Source:

Closing bell: Late sell-off drags Sensex 324 pts, Nifty ends April series below 11,700

Indiabulls Housing and BhartI Infratel were losers after weak earnings in March quarter.

  • Apr 25, 03:37 PM (IST)

    Late Sell-off Drags Sensex

    Benchmark indices saw major selling pressure in late trade on April 25 and reversed more than half of previous day's gains.

    The BSE Sensex fell 323.82 points to 38,730.86 and the Nifty50 dropped 84.40 points to 11,641.80 amid rising crude oil prices.

    Banking & financials pulled the market lower.

    Bharti Infratel (down 10.22 percent), Tata Steel (2.76 percent), Vedanta (2.49 percent), Indiabulls Housing Finance (2.11 percent) and Hindalco (2.07 percent) were top losers.

    UltraTechCement and Grasim Industries rallied 5 percent each. BPCL, Dr Reddy's Labs and UPL were other gainers.

  • Apr 25, 03:27 PM (IST)

    Banking stocks have come under pressure in late trade. All but two stocks in the Nifty Bank are trading in the red. 

     Banking stocks have come under pressure in late trade. All but two stocks in the Nifty Bank are trading in the red. 
  • Apr 25, 03:21 PM (IST)

    Rupee Update: The rupee is trading at day's high, rising 0.51 percent at 70.22/$. 

  • Apr 25, 02:59 PM (IST)

    Broad market indices at this hour

     Broad market indices at this hour
  • Apr 25, 02:59 PM (IST)

    Brent Oil Hits $75/bbl For First Time in 2019

    Brent oil rose above $75 per barrel for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

    Brent crude futures were at $75.33, up 1.02 percent. US West Texas Intermediate crude was at $66.09 per barrel, up 0.3 percent. (Source: Reuters).

  • Apr 25, 02:50 PM (IST)

    Indiabulls Ventures Q4 Earnings

    Company's net profit nearly doubled to Rs 109.8 crore in March quarter, against Rs 54.9 crore in same period last year.

    Revenue from operations jumped 55.4 percent to Rs 600 crore during the quarter YoY.

  • Apr 25, 02:30 PM (IST)

    TRAI pulls up Dish TV India

    Telecom regulator TRAI has directed Dish TV India to comply with the provisions of the new framework for broadcasting and cable TV services, acting on consumer complaints pertaining to the operators' specific offering and grievance redressal helpline.

    TRAI, which has promised strict action against those cable TV and direct-to-home (DTH) players who are found violating its new tariff order and regulatory regime, had earlier this week also pulled up Bharti Telemedia on similar grounds.

    As per complaints, the DTH operator "is forcefully offering a bouquet of free-to-air channels with no choice to subscribers and without their consent", the Telecom Regulatory Authority of India (TRAI), which is also the broadcast regulator, said in a directive on its website. (Source: PTI).

  • Apr 25, 02:19 PM (IST)

    Maruti Suzuki Q4 Earnings

    Country's largest passenger vehicle maker Maruti Suzuki India has reported a 5 percent year-on-year degrowth in March quarter profit, dented by weak operating performance and muted sales volume.

    Net profit during the quarter declined to Rs 1,795.6 crore, from Rs 1,882.1 crore in same period last year. "This quarter was marked by adverse foreign exchange rates and commodity prices, higher depreciation and higher sales promotion expenses partially offset by cost reduction efforts," the company said.

    Standalone revenue from operations grew by a percent year-on-year to Rs 21,459.4 crore in Q4 with sales volume degrowth of 0.7 percent YoY.

  • Apr 25, 02:00 PM (IST)

    Following companies will announce their March quarter earnings today:

    Maruti Suzuki India, Axis Bank, Tata Steel, Biocon, SBI Life Insurance Company, Aditya Birla Money, Cyient, GHCL, Indiabulls Ventures, MCX, Nestle India, AAR Commercial Company, Apcotex Industries, Betala Global Securities, Cochin Malabar Estates, Lloyds Metals and Energy, Oriental Hotels, PH Capital, Rallis India, Sterling Guaranty & Finance, Vesuvius India, Wendt (India)

  • Apr 25, 01:51 PM (IST)

    FII Outlook on Market

    Emerging Market Equity Strategist, Adrian Mowat told CNBC-TV18 that the dynamics for India within the emerging market pool is probably India is neutral to maybe a bit of an underperformer.

    "Because it has these headwinds in terms of a stronger dollar and a higher oil price that would hit India more than perhaps it would hit a recovering Korea, Taiwan or China. I don't see how the election can generate a positive surprise because the expectation is a continuation of the current administration," he said.

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