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June 19, 2019 / 03:38 PM IST

Closing Bell: Nifty Ends Flat After A Volatile Day, Sensex Gains 66 Pts; Tata Steel Surges 5%

All the sectoral indices are trading higher led by PSU bank, metal, infra, auto, energy, IT and pharma.

  • June 19, 2019 / 03:32 PM IST

    Market Close: Sensex finished higher, while Nifty flat in the volatile trade on June 19.

    At close, the Sensex was up 66.40 points at 39112.74, while Nifty ended flat at 11691.50. About 703 shares have advanced, 1847 shares declined, and 119 shares are unchanged. 

    Indiabulls Housing, Yes Bank, UPL, Adani Ports and Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee Entertainment, Kotak Mahindra Bank, NTPC and Titan Company.

    Among the sectors, except metal all other indices ended in the red led by pharma, infra, IT and auto.

  • June 19, 2019 / 03:27 PM IST

    IndoStar Capital Finance and ICICI Bank have entered into a sourcing and servicing arrangement to partner in extending credit to small and medium fleet owners to purchase used and new commercial vehicles across its 322 branches.

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  • June 19, 2019 / 03:22 PM IST

    Umesh Mehta, Head of Research, Samco Securities:
     
    Signs of capitulation in the Indian markets are visible today with across the board selling in high debt balance sheets. Today’s case is similar to traders in derivative segments wherein huge leverage hampers trading profits. Similarly, leveraged corporates are facing the same reality. No one makes money under a mountain of debt. Historically, such capitulation has signaled the end of bearish tendencies in the market. Nifty although may not reflect such a cycle, but small and mid-cap indices are revealing a clearer picture. Infact the small cap index has broken the Modi 2.0 gap area which is an ominous signal for the market.

  • June 19, 2019 / 03:13 PM IST

    Rajesh Exports bags export order: Rajesh Exports has bagged a prestigious order worth Rs 942 crore of designer range of jewellery from Germany. The said order is to be completed by August 2019.

  • June 19, 2019 / 02:57 PM IST

    Gold Update: Gold prices slipped on Wednesday as hopes of a resolution to the Sino-US trade spat and a dovish European Central Bank lifted riskier assets, while investors awaited the US Federal Reserve's monetary policy decision later in the day.

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  • June 19, 2019 / 02:24 PM IST

    Market Update: Benchmark indices are trading flat to marginally higher in the afternoon trade.

    The Sensex is up 15.00 points or 0.04% at 39061.34, and the Nifty down 16.40 points or 0.14% at 11675.10. About 592 shares have advanced, 1814 shares declined, and 105 shares are unchanged.

  • June 19, 2019 / 02:02 PM IST

    Satin Creditcare Network falls 3%: Satin Creditcare Network shares fell 3 percent on June 19 after promoter pledged its 1 percent equity stake on Tuesday.

  • June 19, 2019 / 01:55 PM IST

    Buzzing: Asian Oilfield Services shares climbed 8.4 percent after bagging two orders in Iraq.

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  • June 19, 2019 / 01:45 PM IST

  • June 19, 2019 / 01:37 PM IST

    Bharat Heavy Electricals (BHEL) has achieved yet another milestone in Bhutan with the successful commissioning of Unit-1 of the 4x84 MW Chhukha hydro electric project (HEP), following complete renovation and modernization (R&M) of the generator. 

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