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BSE Sensex ends flat; midcap stocks outperform

Mumbai: Key equity benchmarks consolidated on Thursday and managed to end in green after touching fresh multi-year highs in trade. Shares of banks, realty, auto, pharma and capital goods continued to see buying in trade and closed with smart gains. The Sensex closed at 20247.33, up 34.37 points or 0.17 per cent and the Nifty ended at 6169.90 up 23.15 points or 0.38 per cent. About 1183 shares advanced, 1270...

Sensex ends flat, shrugs off 41-month low inflation data

Mumbai: Major equity benchmarks consolidated in trade today and closed flat shrugging off 41-month low April WPI inflation number of 4.89 per cent, way below RBI's comfort zone. The Sensex closed at 19722.2 up 30.62 points and the Nifty ended at 5995.40, up 14.95 points. About 1162 shares advanced, 1206 shares declined and 146 shares were unchanged. Key gainers in the Nifty were Ranbaxy Labs, Bank of Baroda, Sun Pharma,...

Network18 FY13 revenues up 23 pc, e-commerce business up threefold

Network18 Media and Investments on Monday reported a 23.4 per cent rise in revenues to Rs 2400 crore for 2012-13, driven by strong growth in its broadcast and digital businesses. The strong topline growth helped narrow operating losses 87 per cent to Rs 39 crore for the year. Net loss for the year declined to Rs 105.5 crore from Rs 392.7 crore the year before. Revenues from the broadcast and...

Earnings show: TV18 makes a Rs 174 crore swing year-on-year

Network18 Group subsidiary TV18 Broadcast today reported a net profit of Rs 20.9 crore for the quarter ended March 31 as against a net loss of Rs 8.26 crore in the same period a year ago. Reported revenues for the television and motion pictures business (including IndiaCast) stood at Rs 474.7 crore for the quarter. For 2012-13, revenue stood at Rs 1,699.1 crore. It also swung into profit at operating...

Sensex plunges as dollar firms up; ITC leads FMCG slide

Mumbai: Key equity benchmarks plunged 2 per cent on Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they feel a portion of global liquidity flows could ease as the Federal Reserve starts tightening its monetary policy. The BSE Sensex closed at...

Sensex snaps 3-day rise; falls 51 points on profit-booking

Mumbai: The BSE benchmark Sensex on Thursday retreated from over three-month high levels by losing 51 points on profit-booking in recent outperformers such as Reliance Industries, Sun Pharma and HDFC Bank ahead of key industrial production data release tomorrow. After gaining over 400 points in past three sessions, the Sensex on Thursday declined by 51.14 points, or 0.26 per cent, to close at 19,939.04. The gauge had hit the crucial...

Bajaj Auto's RE60 gets mixed responses from industry

Mumbai: The emergence of a new class of 4-wheelers has split the auto industry wide open. Even as countries like Singapore have expressed interest in Bajaj Auto's 4-wheeler the RE60, auto makers like Tata Motors say the move towards quadricycles is regressive. Rajiv Bajaj hits back saying car makers are forcing the government to be anti innovation. CNBC-TV18's Sunanda Jayaseelan reports. It may look like a car, but Bajaj Auto...

Nifty ends 100 points up; ITC hits life high, IT stocks gain

Mumbai: Key equity benchmarks closed in green after consolidating for most part of the day. The action was by and large limited around the stocks that had declared their results. Positive regional shares helped the Nifty to close above 5900 mark once again. Broking house Religare expects to see some correction in Indian stocks in May due to macroeconomic headwinds. The May selloff is likely despite the satisfactory January-March corporate...

Sensex closes 120 points down; banks, realty stocks take a breather

Mumbai: Key equity benchmarks closed in red on the first day of the new derivatives expiry.Indices have gained over 6 per cent in the last fortnight and seems like traders have lightened their positions in the realty and banking stocks ahead of the monetary policy review on May 3. IT stocks were biggest laggards this week. The Sensex closed at 19286.72 down 120 points and the Nifty ended at 5871.45...

Sensex ends 227 points up; auto, pharma do well

Mumbai: Key equity benchmark indices closed with hefty gains on expiry day. The Nifty closed at one-month high led by index heavyweights like GAIL, Tata Motors, Dr. Reddys, Axis Bank and NTPC. The Nifty gained close to 4 per cent in the April series. Midcap and smallcap stocks also performed well. Bank Nifty was the star performer with massive 12 per cent gains in this series. The hopes of rate...

Sensex gains 115; gold, silver hit multi-year low

Mumbai: The market ended on a strong note on Monday after inflation data hit a fresh 40-month low at 5.96 per cent. Core inflation data was also below 4 per cent. Banking stocks closed with smart gains on hopes of a rate cut by the central bank on May 3. The Sensex closed at 18357 up 115 points and the Nifty ended at 5568 up 39 points. Gold prices took...

February industrial output at 0.6 pc, beats estimates

The industrial output (IIP) numbers for the month of February have come in better-than expected at 0.6 per cent against an expectation of a contraction. The bounce in the industrial output has come due to contribution from consumer goods sector, which turned positive for the first time in a year at 0.5 percent. Barring consumer goods, all other constituents of industrial output basket have declined. Mining sector, electricity and consumer...

Infosys crashes 20 pc, Q4 earnings miss street estimates

Infosys has crashed around 20 per cent post Q4FY13 dismal numbers. At 09.15 am, Infosys was quoting at Rs 2,546.30, down Rs 370.40, or 12.70 per cent. It has touched an intraday high of Rs 2,625.05 and an intraday low of Rs 2,500. It was trading with volumes of 42,951 shares. Infosys' fourth quarter net profit rose 3 per cent year-on-year (1 per cent quarter-on-quarter) to Rs 2,394 crore, partly...

Sensex plunges 211 points to 7-month low

Mumbai: After rising nearly 128 points in early trade on positive global cues, the BSE benchmark Sensex on Tuesday closed 211 points down to seven-month low of 18,226 on all-round selling led by IT and oil and gas sector stocks. Erasing initial gains, the 30-stock index fell for the 5th straight session by losing 211.30 points, or 1.15 per cent to 18,226.48, its lowest level since September 13, 2012. The...

Sensex end 12 points down, Bharti Airtel up 4 pc on SC relief

Mumbai: Key equity benchmarks ended a listless day of trade in the red. The BSE benchmark Sensex ended down 12.45 points at 18437.78, after touching an intraday low of 18,504.48. The NSE benchmark Nifty closed down 10.30 points at 5542.95. Shares of Bharti Airtel ended up nearly 4 per cent after the Supreme Court on Monday, allowed India's largest telecom operator, along with Vodafone and Idea Celluar, to maintain pacts...