Sensex vaults 1,422 pts, most in 10 years, after exit polls predict NDA win

All that happened in the markets today

12:52 PM

Result impact | Bharat Forge gains after Q4 results beat estimates

12:51 PM

Nifty PSU Bank index surges 7%; SBI nears record high

Shares of public sector banks were on a roll with Nifty PSU Bank index surging 7 per cent intra-day on the National Stock Exchange (NSE) amid expectations that the ruling National Democratic Alliance (NDA) may retain power at the Centre. Indian Bank, Bank of Baroda, Bank of India (BOI), Canara Bank, Allahabad Bank and Syndicate Bank were up more than 7 per cent each on the NSE. READ MORE

12:49 PM

Nifty PSU Bank index surges 7%; SBI nears record high

Shares of public sector banks were on a roll with Nifty PSU Bank index surging 7 per cent intra-day on the National Stock Exchange (NSE) amid expectations that the ruling National Democratic Alliance (NDA) may retain power at the Centre.
 

Indian Bank, Bank of Baroda, Bank of India (BOI), Canara Bank, Allahabad Bank and Syndicate Bank were up more than 7 per cent each on the NSE. READ MORE

12:46 PM

NEWS ALERT | Bharat Forge Q4 result

- Net profit at Rs 299.5 crore

- Revenue at Rs 1,668.6 crore

- Ebitda at Rs 517.3 crore

12:45 PM

Vodafone Idea up over 6%

12:41 PM

Dr Reddy: Biggest loser among the five stocks trading in red today

- Ony 5 out of 50 stocks on Nifty50 are trading in red, including Infosys, Bajaj Auto, Tech Mahindra and ZEEL

12:38 PM

India VIX breaches 50-Day intra day Moving Average

12:33 PM

Avoid over-leveraged stocks in a market spooked by chances of slower growth

The Sensex is down 3.4 per cent over the past month. Besides election-related uncertainty, the perceptible slowdown in several key segments of the economy is weighing on market sentiment. While private investment has been in the slow lane for some time, the recent slowdown in consumption has further compounded the economy’s woes. READ MORE

12:32 PM

Nifty Bank surges over 1,000 points intra-day

12:29 PM

Nifty IT turns green

12:28 PM

US-Iran tensions, Opec's indication of continuing cuts lead to oil surge

Oil rose to multi-week highs on Monday after Organization of the Petroleum Exporting Countries (Opec) indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East. Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26. READ MORE

12:27 PM

No stopping for Sensex rally, Index up 1,100 points

- The index has reclaimed 39,000 mark

12:22 PM

Phillip Capital on Engineers India

Recommendation: Neutral (Maintain)
 

Last close:  Rs 108
 

Target: Rs 124 (+15%)

Revenues were driven by Turnkey segment (43% of sales, +51% yoy) while Consultancy revenues (57% of sales) grew 4% yoy. Segmentally, operating profitability was driven by (1) Consultancy EBIT (Rs 1bn, +13% yoy) led by improved margins (28.7% vs. 26.6%), and (2) Turnkey EBIT (Rs 163mn, +35% yoy) on strong execution despite lower margins (6.3% vs. 7%). Other income at Rs 596mn (40% of PBT) grew 24% yoy (15% qoq) on higher cash balances of Rs 26.6bn (16% growth over September 2018 balance). For FY19, EIL accounted for Rs 180mn (Rs 267mn in FY18) write off on its investment in an Oil & Gas exploration

block and expects the write off to recur in FY20 though lower in quantum.

12:22 PM

Mahindra & Mahindra Financial Services climbs almost 8%

12:20 PM

Nifty Realty extending gains

- Indiabulls Real Estate leads the rally with 11% gain, Oberoi Realty up nearly 2%