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Jun 12, 2019 03:35 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex ends 193 pts lower, Nifty holds 11,900; Indiabulls Housing falls 7%

The Sensex was down 193.65 points at 39,756.81, while Nifty was down 59.40 points at 11,906.20.

  • Jun 12, 03:33 PM (IST)

    Market close: Indian indices finished the day on negative note with Nifty able to hold 11,900 level.

    At close, the Sensex was down 193.65 points at 39,756.81, while Nifty was down 59.40 points at 11,906.20. About 1022 shares have advanced, 1462 shares declined, and 164 shares are unchanged. 

    Indiabulls Housing, Bharti Infratel, Yes Bank, Tech Mahindra and Maruti Suzuki were major losers on the Nifty, while gainers were Tata Steel, GAIL, ONGC, Vedanta and Britannia Industries.

    Among the sectors, except metal and FMCG all other indices ended lower led by pharma, auto, bank, energy and infra.

  • Jun 12, 03:28 PM (IST)

    The dollar edged lower for a second consecutive day on Wednesday on growing expectations of a US rate cut next week while high-yielding currencies suffered due to ongoing trade tensions.

  • Jun 12, 03:17 PM (IST)

    Crude Update: Oil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook and a rise in US crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

  • Jun 12, 03:05 PM (IST)

    Market Update: Benchmark indices have recovered from the lows but trading lower with Nifty around 11,900 level.

    At 15:04 hrs IST, the Sensex is down 197.64 points or 0.49% at 39752.82, and the Nifty down 63.70 points or 0.53% at 11901.90. About 953 shares have advanced, 1421 shares declined, and 137 shares are unchanged. 

  • Jun 12, 02:57 PM (IST)

    Indiabulls Housing Finance shares continued to be under pressure on June 12 as it fell nearly 10 percent intraday after the company moved the Supreme Court seeking urgent listing of a plea filed against it in which it has been alleged that the company misappropriated Rs 98,000 crore of public money.

  • Jun 12, 02:39 PM (IST)

  • Jun 12, 02:20 PM (IST)

    Buzzing: Shares of Welspun Enterprises rose 3 percent intraday on Wednesday after receiving bonus from NHAI for early completion of a project.

  • Jun 12, 02:02 PM (IST)

    Rupee Update: The Indian rupee is trading near the day's hug. It gained 12 paise at 69.32 per dollar against previous close 69.44.

  • Jun 12, 01:42 PM (IST)

    Shares of Reliance Capital tanked 6.76 percent and Reliance Home Finance fell 7.88 percent after their statutory auditor Price Waterhouse & Co Chartered Accountants LLP resigned.

  • Jun 12, 01:32 PM (IST)

    Market Extends Losses

    Benchmark indices extended losses in afternoon trade with the Sensex falling 299.41 points to 39,651.05 and the Nifty50 trading 89.80 points lower at 11,875.80.

    The market breadth was in favour of bears. About 1,325 shares declined against 909 advancing shares on the BSE.

    All sectoral indices traded in the red barring Metals.

    Indiabulls Housing (down 7.75 percent), Yes Bank (3.12 percent), Bharti Infratel (2.1 percent), Tech Mahindra (1.99 percent) and Kotak Mahindra Bank (1.93 percent) were top losers among Nifty50 stocks.

    Gainers were Tata Steel (up 2.13 percent), GAIL (1.21 percent), and ONGC (0.97 percent).

  • Jun 12, 01:26 PM (IST)

    Tata Steel on Buyers' Radar

    Shares of Tata Steel soared as much as 3 percent intraday despite the European Commission formally blocking the proposed European steel joint venture with ThyssenKrupp AG.

    The EU antitrust regulators prohibited the merger saying the deal would push up the steel prices and discourage competition.

    The merger between Tata Steel and ThyssenKrupp AG was aimed at creating the second largest European steel company after ArcelorMittal. However, the plans were disbanded by the companies on expectations that the EU would refuse the deal.

  • Jun 12, 01:19 PM (IST)

    Just In

    Infosys is selected by Finnish postal service Posti as a strategic partner for the digital transformation of its business and IT services.

    "Through this engagement, Infosys will drive the modernisation of Posti’s IT applications and infrastructure, helping it move to a flexible IT service model. This will also strengthen Posti’s ability to respond to changes in customer needs with agility and provide a seamless customer user experience through a dedicated command centre," company said in its filing.

  • Jun 12, 01:18 PM (IST)

    Sintex Industries shares fell 3 percent after company defaulted on interest payment of Rs 112.5 crore due June 11.

  • Jun 12, 01:13 PM (IST)

    Parag Milk Foods Clocks Rs 70-cr revenue in FY19 from Sonipat plant

    Parag Milk Foods earned a revenue of about Rs 70 crore last fiscal from its manufacturing facility at Sonipat in Haryana that the company acquired from Danone and is targeting up to Rs 160 crore this financial year on better demand for its products in the northern market.

    Mumbai-based Parag Milk acquired Sonepat plant in April last year and started commercial operations in August to expand its footprint in the north and northeast India. Source: PTI

  • Jun 12, 12:58 PM (IST)

    Suzlon Energy is in talks with private equity firm Brookfield to sell stake in operation and maintenance services business, reports CNBC-TV18 quoting unnamed sources.

    The business channel learnt that the wind turbine supplier may sell 49 percent stake in services business to raise close to Rs 3,000 crore and may also be exploring options to sell minority stake in listed entity.

    Suzlon and Vestas deal talks have hit a roadblock on valuations, and Vestas' exclusivity on Suzlon deal expired on June 3, sources said.

  • Jun 12, 12:39 PM (IST)

  • Jun 12, 12:28 PM (IST)

    DHFL gains 6%: Shares of Dewan Housing Finance Corporation rallied 6.6 percent after the company paid Rs 961 crore interest on non-convertible debentures (NCDs).

  • Jun 12, 12:20 PM (IST)

    NTPC get investment approval: The investment approval has been accorded for 100 MW Ramagundam Floating Solar PV Project, Phase-I in District Peddapelli, Telangana.

  • Jun 12, 12:02 PM (IST)

    Alembic Pharmaceuticals at its meeting held on June 12 approved the issue of unsecured listed rated redeemable non-convertible debentures (NCDs) of up to Rs 300 crore on private placement basis.

  • Jun 12, 11:57 AM (IST)

    Market Update: Indian indices are trading near day's low level on June 12 with Nifty below 11,900.

    The Sensex is down 268.31 points at 39682.15, while Nifty is down 81.60 points at 11884. About 881 shares have advanced, 1185 shares declined, and 117 shares are unchanged.

  • Jun 12, 11:37 AM (IST)

    Deutsche Bank maintains hold on Maruti Suzuki: Shares of Maruti Suzuki fell 1.6 percent after global brokerage house Deutsche Bank maintains hold rating but slashed price target to Rs 6,325 (from Rs 6,450 earlier), implying 9 percent potential downside from current levels.

  • Jun 12, 11:22 AM (IST)

  • Jun 12, 11:13 AM (IST)

    Blue Star launches 34 new models of water purifiers with RO, UV, UV LED, RO+UV, and RO+UV+UF technologies including variants that enriches water with essential minerals.

  • Jun 12, 10:54 AM (IST)

    Yes Bank declines 3%: Yes Bank shares dropped more than 3 percent after two directors decided to resign from their post in the current week.

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