Sensex dips 474 pts from day's high, ends at 38,757; BSE SmallCap jumps 4%

All that happened in the markets today

4:05 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

"Indian benchmark indices gave up its gains and closed with a negative bias. IT stocks outperformed following a strong showing by HCL Tech, which benefited most IT stock prices. However, the broader markets outperformed, especially the smallcap index, after SEBI tweaked MF norms for multi-cap funds. This SEBI measure would require more exposure to small-cap stocks in most multi-cap funds, leading to the current buying interest. Global cues were also mostly positive on renewed vaccine optimism. In spite of all the optimism, correction due to valuations or various uncertainties cannot be ruled out and volatility is expected to continue. Trade cautiously and look at earnings stability, if investing for the long-term in Smallcaps".

3:43 PM

SECTOR WATCH:: Nifty IT index gains 4.5%

3:42 PM

MARKET AT CLOSE:: Losers and gainers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex slipped 98 points, or 0.25 per cent to settle at 38,757 levels while the NSE's Nifty50 index ended at 11,440, down 24 points, or 0.21 per cent.

3:29 PM

MARKET CHECK

3:22 PM

INDEX LOSER | Bharti Airtel slips 3.5%

3:14 PM

MARKET CHECK:: Realty stocks gain in trade

2:58 PM

No proposal for raising FII limit in public sector banks to 49%: Thakur

"No proposal to amend this, is currently under consideration of the government," he said while replying to a question if the government is mulling over raising FII in PSBs from 20 per cent to 49 per cent for capital mobilisation. READ MORE

2:57 PM

Fall from intra-day highs today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
JINDAL STAIN. HI	105.45	88.00	90.00	-14.65
STERLING & WILS.	278.50	251.10	256.55	-7.88
MAS FINANC SER	901.35	814.00	832.70	-7.62
FUTURE RETAIL	109.00	101.05	101.05	-7.29

2:46 PM

Weekly economic indicators: More shoppers stepping out, road traffic higher

Business Standard tracks pollution levels, railway freight, power generation and traffic data. It gives a current picture of the economy ahead of official macroeconomic data, which is often released with a lag. The railway data is as of Saturday, September 12. Google’s data appears with a lag and is as of September 8. All other data is as of Sunday September 13. READ MORE

2:38 PM

MARKET CHECK | Top 5 losers on the BSE at this hour

2:37 PM

NEWS ALERT :: RBI asks banks to put in place / upgrade their systems to conform to 'Automated NPA Recognition' by June 30, 2021

(Via: Press release)

2:31 PM

MARKET CHECK :: Benchmarks decline, Nifty tests 11,400

2:28 PM

Select PSU banks gain on government's Rs 20,000 crore fund infusion plan

Among individual banks, Uco Bank was up 5 per cent at Rs 13.65 on the NSE. Indian Bank, Bank of Maharashtra and Jammu & Kashmir Bank were up 2 per cent each, while Indian Overseas Bank and Bank of Baroda were up 1 per cent on the NSE. READ MORE

2:26 PM

MARKET CHECK:: Sensex slips into the red, down over 186 pts

2:18 PM

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns. READ MORE

2:07 PM

Rupee Closing

Rupee ends at 73.48 per US dollar vs Friday's close of 73.54/$

2:05 PM

BUZZING STOCK:: NCC surges nearly 6%

2:03 PM

BS Reads :: How Chennai Super Kings became an investor's treasure

After a long hiatus of over 6 months without any sporting activity, the IPL is expected to have a wider audience than usual owing to the pent-up demand when it kicks off on September 19th. While the on-ground performance of teams has always been closely followed, there is a growing section of people that is tracking the financial performance of stock as well. READ MORE

1:54 PM

Indoco Remedies soars 19% on US FDA approval for Apixaban tablets

Shares of Indoco Remedies moved higher by 19 per cent to Rs 265 in the intra-day trade on the BSE on Monday after the company announced that it has received approval from the US health regulator for blood-thinning drug Apixaban tablets. The approved product is therapeutically equivalent to the reference listed drug Eliquis of Bristol-Myers Squibb. READ MORE

1:44 PM

MARKET CHECK:: Top 5 gainers on the BSE at this hour

1:36 PM

Market Voice :: Shankar Sharma

1:33 PM

Sensex Heatmap at this hour

1:33 PM

Govt to infuse Rs 20,000 cr in public sector banks, seeks parliamentary nod

The Union government has sought the Parliament’s nod for infusing Rs 20,000 crore in state-owned banks. The Supplementary Demand for Grants for expenditure of the Central government tabled in Parliament on Monday stated that there will a cash outgo for “meeting additional expenditure of Rs 20,000 crore towards recapitalisation of public sector banks (PSBs) through issue of government securities.” READ MORE

1:32 PM

MARKET WATCH:: BSE Consumer Durable index gains nearly 4%

1:24 PM

SECTOR WATCH :: Nifty Bank index turns negative

1:23 PM

European indices open higher

1:15 PM

Debashis Basu | Will Sebi's fatwa for multi-cap funds work? Only the market will determine

The Securities and Exchange Board of India (Sebi) on September 11 came up with a fatwa. By January next year, multi-cap equity funds must invest a minimum of 75 per cent in equities, up from 65 per cent, with at least 25 per cent each in large-caps, mid-caps, and small-caps. This has sent shockwaves, not just through the fund industry and equity fund investors but the entire equity market. READ MORE

1:05 PM

Adani Green hits new high post Q1 results; market-cap nears Rs 1-trillion

Shares of Adani Green Energy (AGEL) were locked in 5 per cent upper circuit at Rs 638.85 -- fresh record high -- on the BSE on Monday after the company reported a profit before tax of Rs 51.27 crore during the first quarter of FY21 ended June, as against loss of Rs 131.24 crore during the same period in FY20. The total income of the company during Q1FY21 rose 30 per cent year on year to Rs 878 from Rs 675 crore in the same period last year. READ MORE

12:53 PM

BUZZING STOCK:: HCL Tech extends gains, up over 10%