MARKET WRAP: Sensex slips 318 pts, Nifty below 11,600; YES Bank plunges 13%

Heavy selling was witnessed across the board with stocks of public sector banks, automobiles and metals slipping the most.

3:44 PM

Sectoral losers and gainers on the NSE

3:43 PM

Top losers and gainers on the S&P BSE Sensex

3:34 PM

CLOSING BELL

The S&P BSE Sensex declined 318 points or 0.81 per cent to settle at 38,897 levels while the NSE's Nifty50 index lost 91 points or 0.78 per cent to end at 11,597. 

3:25 PM

MARKET CHECK | 27 out of 30 stocks in the S&P BSE Sensex trade in the red

3:23 PM

MARKET CHECK | Titan slips nearly 3%

3:06 PM

IndiGo Q1 preview: Jet closure, oil price fall to drive earnings

The relations between the two promoter camps had gone sour recently over decision making and corporate governance issues. Gangwal has accused Bhatia of indulging in Related Party Transactions (RPT) in favour of InterGlobe Aviation Enterprise (owned by Bhatia).

 

“Overhang of the battle will remain… As we are not aware about the details of the agreement between the two, risks of government intervention have increased and one of them is likely to take legal course,” says Gagan Dixit, Vice- President, institutional equities, Elara Capital. READ MORE

2:59 PM

NEWS ALERT | India Ratings revises outlook on IDFC Bank's senior debt to negative; rating affirmed at AA+: CNBC TV18

2:49 PM

Nifty Realty is trading lower

2:42 PM

Sun Pharma Advanced Research climbs 9%

2:28 PM

Caplin Labs gets USFDA nod for injection to prevent excessive blood loss

The approved product is a generic therapeutic equivalent version of Cyklokapron injection, 100 mg/ml of Pharmacia and Upjohn Company.

 

Caplin Point Laboratories said Tranexamic Acid Injection is administered in patients with hemophilia for short-term use to reduce or prevent hemorrhage and reduce the need for replacement therapy during and following tooth extraction.READ MORE

2:16 PM

Retail investors' stake in YES Bank at record high of 20% in June quarter

A record number of retail investors are holding YES Bank, with one out of every five equity share held by them. Retail investors increased their stake in the private sector lender by 6.5 percentage points during the April-June 2019 quarter (20.46 per cent stake against 13.96 per cent holding at the end of March 2019 quarter).

Retail investors are individuals who hold up to Rs 200,000 of share capital in a company. READ MORE

1:49 PM

Nifty sectoral indices at this hour

1:34 PM

Cyient trades higher ahead of Q1 results

1:20 PM

Cement stocks trade under pressure

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
INDIA CEMENTS	97.85	-0.50	-0.51	278827
AMBUJA CEM.	217.40	-1.95	-0.89	51738
ACC	1581.60	-12.45	-0.78	31940
CENTURY TEXTILES	935.95	-19.35	-2.03	14838
HEIDELBERG CEM.	197.55	-3.20	-1.59	12088

1:14 PM

NEWS ALERT | Manappuram Fin's board approves increasing borrowing limit to Rs 25,000 cr; appoints Madhu Mohan as Chief Risk Officer

1:07 PM

Stocks that hit 52-week low on S&P BSE Sensex

  

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ANDHRA BANK	22.35	22.25	-0.25	-1.11
ASAHI INDIA GLAS	200.00	200.00	-2.05	-1.01
AUROBINDO PHARMA	569.60	562.15	-3.65	-0.64
BOSCH	15835.00	15765.00	-151.35	-0.95
CENTRAL BANK	19.60	19.45	0.00	0.00

12:58 PM

YES Bank extends losses

12:53 PM

Monsoon rains below average in past week, raising crop worries: Reuters

India’s monsoon rains were 20% below average in the week ending on Wednesday, the weather office said, as summer showers turned patchy over the central, western and southern parts of the country, raising concerns over the progress of crop plantings. Overall, India has received 16% below average rain since the monsoon season began on June 1.

 

Monsoon rains are crucial for farm output and economic growth in India, where about 55% of all arable land is reliant on rainfall and the farm sector employs nearly half of the country’s 1.3 billion people. India typically receives 75 percent of its annual rain from the June-September monsoon as moisture-laden winds sweep in from the southwest of the peninsula.

12:44 PM

Reliance Industries down over 1%

12:34 PM

NEWS ALERT | Monsoon specifically is weak in South India, says FACT: CNBC TV18

12:31 PM

NEWS ALERT | DB Corp Q1 results: Consolidated revenue down 4% at Rs 607 cr

-- Profit down 3.9% YoY to Rs 93.7 cr

-- EBITDA up 4.5% to Rs 175.5 cr

-- Margin up 230 bps to 28.9%
 

12:22 PM

Colgate gains after Q1 results announcement

12:20 PM

NEWS ALERT | Colgate Q1 results: Net profit slips 10.8% YoY to Rs 169.1 cr

-- Revenue up 4.2% to Rs 1,085 cr
-- Ebitda up 6.5% to  Rs 300 cr
-- Margin up 60 bps to 27.6%

12:08 PM

Sharp fall in Thomas Cook

12:04 PM

MARKET CHECK

11:54 AM

NEWS ALERT | BHEL bags order worth Rs 750 cr for emission control system: CNBC TV18

11:52 AM

NEWS ALERT | Reliance Brands completes acquisition of Hamleys Global: CNBC TV18

11:47 AM

NEWS ALERT | Caplin Point’s Caplin Steriles gets US FDA approval for Tranexamic Acid Injection

11:32 AM

VA Tech Wabag rises over 5%

11:25 AM

CARE Ratings slips 5% after Co sends MD Rajesh Mokashi on indefinite leave

In a late night exchange filing, the ratings agency said that till the completion of the examination of an "anonymous complaint" received by the market regulator, the board has decided to send Mokashi on leave "with immediate effect until further notice".

 

"The Board has (also) decided to appoint Mr T.N. Arun Kumar, currently Executive Director (Ratings) as Interim Chief Executive Officer of the company... He will not be part of Rating Operations to ensure independence of ratings," it said. READ MORE