BSE Sensex: M&M is top gainer for the day, while Tata Motors is the top loser
3:32 PM
Market at close
The S&P BSE Sensex ended at 33,176, down 510 points while the broader Nifty50 index settled at 10,195, down 165 points.
3:28 PM
Tata Motors, Force Motors, BEML hit fresh 52-week lows
Shares of Tata Motors, Tata Motors DVR, Force Motors, BEML, ICRA, Great Eastern Shipping Company and Max Financial Services were among nine stocks from the S&P BSE 500 index hitting their respective fresh 52-week lows in noon deal on the BSE. READ MORE
3:17 PM
Nifty Metal index slips 2.5%. Coal India, Sail among top losers
Maruti Suzuki zooms past M&M, set to emerge as top UV player this fiscal
India's largest passenger car maker Maruti Suzuki India is all set to end this fiscal as the top utility vehicle (UV) player, toppling the erstwhile market leader in the segment Mahindra and Mahindra (M&M). For the April to February period, Maruti already has a lead of 21,700 units over M&M (which is equal to the average monthly volume of M&M), and thus it is expected to end the year with a lead over its closest rival. READ MORE
2:43 PM
HPCL, GSPC deals to hit oil PSU dividends in FY18 by at least 17%
India’s largest hydrocarbon producer, Oil and Natural Gas Corporation (ONGC), has told the government it will not raise the dividend payout for 2017-18.
The reason is that it had to go for two major deals, both on government order.
Of acquiring a majority stake in Hindustan Petroleum Corporation (HPCL) and Gujarat State Petroleum Corporation’s (GSPC’s) KG basin gas block.
According to multiple sources, this would mean a cut of about 17 per cent on the dividend collected from petroleum companies, to Rs 145 billion in 2017-18 from Rs 175 billion in 2016-17. READ MORE
2:27 PM
OMCs under pressure
Shares of oil marketing companies (OMCs) were under pressure falling by upto 4% on the BSE in intra-day trade. Indian Oil Corporation (IOCL), Hindustan Oil Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading lower in the range of 3% to 4% on the BSE. READ MORE
2:10 PM
ICICI Securities IPO: Public holidays may cost ICICI Bank Rs 3 bn in taxes
ICICI Bank has been successful in launching the initial public offering (IPO) of its investment banking arm, ICICI Securities, before the end of this financial year but there remains a question on whether the private lender will be able to get the benefit of the long-term capital gains (LTCG) tax exemption on profits made on the sale of equity shares. READ MORE
BSE Smallcap: ITDC, MMTC among top gainers, Kwality top loser
1:28 PM
HDFC board approves HDFC AMC IPO, to hold 50% post public offer
The board of HDFC Asset Management Co Ltd on Thursday gave its approval to begin the process for launching an initial public offering (IPO) of India’s second-biggest mutual fund manager by assets, according to a stock exchange filing. READ MORE
1:16 PM
HPCL, GSPC deals to hit oil PSU dividends in FY18 by at least 17%
India’s largest hydrocarbon producer, Oil and Natural Gas Corporation (ONGC), has told the government it will not raise the dividend payout for 2017-18. The reason is that it had to go for two major deals, both on government order. Of acquiring a majority stake in Hindustan Petroleum Corporation (HPCL) and Gujarat State Petroleum Corporation’s (GSPC’s) KG basin gas block. READ MORE
1:02 PM
IDFC Bank allots 3.60 lakh equity shares
IDFC Bank has allotted 360,550 equity shares of Rs 10 each under ESOS. Post the aforesaid allotment, the Equity Share Capital of the Bank now stands at 3,404,074,905 equity shares of Rs.10 each, aggregating to Rs.34,040,749,050.
 "Sensex ends 509 pts lower, Nifty slips over 1%; Nifty Metal index down 2%")
