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Budget 2021

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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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November 14, 2019 / 03:34 PM IST

Closing Bell: Nifty ends above 11,850, Sensex gains 170 pts; Infosys, ICICI Bank top gainers

Sensex ended 170.42 points higher or 0.42 percent at 40286.48, and the Nifty was up 30 points or 0.25 percent at 11870.50. ICICI bank, Infosys and Bajaj Finance were the top gainers while Bharti Infratel, IndusInd Bank and Zee Entertainment were the top losers.

  • November 14, 2019 / 04:14 PM IST

    Manav Chopra, CMT, Head Research - Equit at Indiabulls Ventures: The phase of consolidation continues on anticipated lines. Nifty traded in a very narrow range throughout the session. Market breadth was on the negative side. We expect Nifty to test 11,700 zone on the downside. Broader uptrend continues to remain intact. Dips towards the support zone should be utilized to build long positions as on a positional basis we remain positive on the Nifty and believe new all-time highs are coming above 12,100. Support for Nifty is at 11,700-11,550 and resistance is at 12,000-12,100. 

    Bank Nifty did relatively better compared to the benchmark index, however near term charts suggest there could be correction towards 29,700-30,000 zone. In the near term, 30,900 zone is likely to act as a resistance zone. Only a move above 31,200 would negate the near term correction. Broader uptrend remains intact and traders should utilize corrections towards the support zone to build long positions as the overall structure remains positive. Support is at 30,400-30,000 and resistance is at 30,900-31,200.

  • November 14, 2019 / 03:56 PM IST
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  • November 14, 2019 / 03:55 PM IST

    Dish TV Q2: Consolidated net loss at Rs 91.4 crore against profit of Rs 25.5 crore YoY. Consolidated revenue went down 44 percent at Rs 893.2 crore against Rs 1,594.3 crore YoY. Consolidated EBITDA went down 3.7 percent at Rs 520.5 crore against Rs 540.6 crore YoY.

  • November 14, 2019 / 03:34 PM IST

    Market at close: Sensex ended 170.42 points higher or 0.42 percent at 40286.48, and the Nifty was up 30 points or 0.25 percent at 11870.50. About 1002 shares have advanced, 1490 shares declined, and 163 shares are unchanged. ICICI bank, Infosys and Bajaj Finance were the top gainers while Bharti Infratel, IndusInd Bank and Zee Entertainment were the top losers.

  • November 14, 2019 / 03:23 PM IST

    Dilip Buildcon Q2: Consolidated net profit went down 57 percent at Rs 25.9 crore against Rs 60 crore YoY. Consolidated revenue went up 15.4 percent at Rs 1,994.4 crore against Rs 1,728.1 crore YoY. Consolidated EBITDA went up 29.6 percent at Rs 437.3 crore against Rs 337.4 crore YoY. Consolidated EBITDA margin stood at 21.9 percent against 19.5 percent YoY.

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  • November 14, 2019 / 03:20 PM IST

    Grasim reports Q2 standalone profit at Rs 526.5 crore

    Grasim Industries has reported standalone profit at Rs 526.5 crore durign July-September period against loss of Rs 1,187 crore in same period last year. The company had reported an exceptional loss of Rs 2,283.35 crore due to loss on fair value of investment in Vodafone India.

    Standalone revenue from operations degrew by 6.3 percent year-on-year to Rs 4,797.4 crore in quarter ended September 2019.

    Grasim's earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 38.8 percent to Rs 659.3 crore and margin dipped 740bps to 13.7 percent compared to year-ago. 

    Numbers missed analyst estimates on November 14. Revenue was expected at Rs 4,880 crore for the quarter and EBITDA was estimated at Rs 799 crore with margin at 16.4 percent, according to average of estimates of analysts polled by CNBC-TV18.

  • November 14, 2019 / 03:11 PM IST

    Apollo Hospitals Q2: Consolidated net profit grew 36 percent at Rs 86.2 crore against Rs 63.4 crore YoY. Consolidated revenue grew 17.8 percent at Rs 2,840.7 crore against Rs 2,412.4 crore YoY.

  • November 14, 2019 / 03:09 PM IST

    European Markets: European stocks traded lower on Thursday morning as trade negotiations between the US and China are understood to have hit a roadblock. The pan-European Stoxx 600 edged 0.15 percent below the flatline, with autos slipping 1.5 percent to lead losses while food and beverages added 0.4 percent, CNBC reported.

  • November 14, 2019 / 03:07 PM IST

    Government said to mull cutting stake in Indian Oil Corporation below 51 percent - Bloomberg

  • November 14, 2019 / 03:06 PM IST

    Zuari Agro Chemicals share price gains 5% on MoU with Morocco-based OCP Group

    Shares of Zuari Agro Chemicals gained 5 percent intraday on November 14 after the company signed Memorandum of Understanding (MoU) with Morocco-based OCP Group for the reorganisation of the fertiliser business.

    "Zuari has signed an MoU with OCP Group in connection with such corporate reorganisation and leveraging on their existing partnerships. This will entail a consolidation exercise including all fertilizer entities of Zuari's," the company said in its BSE filing.

    The company further said it has entered into another MoU with OCP for a proposed strategic investment in Zuari FarmHub Ltd.

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  • November 14, 2019 / 03:02 PM IST

    Shakti Pumps Q2: Consolidated net loss at Rs 1.7 crore against profit of Rs 9.3 crore YoY. Consolidated revenue went down 33.7 percent at Rs 91.2 crore against Rs 137.6 crore YoY. Consolidated EBITDA went down 78.8 percent at Rs 4.43 crore against Rs 20.89 crore YoY. Consolidated EBITDA margin stood at 4.9 percent against 15.2 percent YoY.

  • November 14, 2019 / 02:55 PM IST

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