Sensex cracks 1,407 pts as Covid-19 fears resurface; Nifty holds 13,300

InterGlobe Aviation and SpiceJet sunk up to 10 per cent on the BSE after India suspended flights from the UK till December 31

3:58 PM

MARKET VIEW | S Ranganathan, head of Research at LKP Securities

The new variant of the Novel Coronavirus in the UK spooked markets as we witnessed intense selling in pivotal throughout afternoon trade. While the street was bracing for a correction this week after a sharp up move, the sheer velocity of the fall across broader markets took the bulls by surprise as practically none of the key indices constituents were in the Green today.

3:55 PM

Volatility index, India VIX, spikes nearly 25%

3:51 PM

MARKET STATS

• For every one stock that gained, four declined
• 224 stocks scaled 52-week highs; 49 hit 52-week lows
• 259 scrips hit upper circuit limits; 505 touch lower circuits
• BSE Midcap, Smallcap indices tank over 4% each, underperform benchmark Sensex

3:46 PM

All sectors on NSE end in the red; PSU Bank and Media indices tank over 6% each

3:45 PM

NEWS FLASH :: Rupee posts biggest single session fall against Dollar since Nov 12

3:43 PM

RIL, private lenders among top Sensex drags today

3:42 PM

Sensex Heatmap | All index stocks end in the red; ONGC worst performer

3:38 PM

CLOSING BELL

>> At close, the Sensex settled at 45,554 levels, down 1,407 points or 3 per cent. Meanwhile, the Nfty50 index ended at 13,281 levels, down 479 points or 3.5 per cent.

3:27 PM

MARKET UPDATE:: RIL, HDFC twins, and ICICI Bank among top contributors to Sensex's fall today

3:19 PM

SpiceJet hits 10% lower circuit

3:16 PM

BREAKING :: INDIA SUSPENDS FLIGHTS FROM UK TILL DEC 31

3:14 PM

InterGlobe Aviation tumbles 9%

3:10 PM

Mid, Smallcap indices slip over 5%; SpiceJet hits 10% lower circuit

Shares of mid-and-smallcap companies were under severe pressure on Monday, with the S&P BSE Midcap and S&P BSE Smallcap indices slipping over 5 per cent as investors booked profits after European markets opened with sharp cuts. At 02:33 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 5.4 per cent each, as compared to 3.3 per cent decline in the S&P BSE Sensex on the back of Covid resurgence in some European countries and concerns over possible lockdown restrictions as a result of the same. READ MORE

3:10 PM

BREAKING :: INDIA MAKES COVID-19 TESTING MANDATORY FOR PASSENGERS FROM UK

3:08 PM

Nifty PSU Bank index drops nearly 7%

3:03 PM

Fall from intra-day high today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
STAR CEMENT	107.00	86.75	89.00	-16.82
GILLETTE INDIA	6730.15	5622.30	5686.10	-15.51
C P C L	111.00	91.45	94.90	-14.50
TCNS CLOTHING CO	514.00	422.60	442.35	-13.94

3:02 PM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
C P C L	94.95	-12.93
INDIAN BANK	77.40	-11.44
JTEKT INDIA	82.20	-10.80
SHOPPERS STOP	189.00	-10.64
SPICEJET	91.50	-9.94

2:50 PM

ALERT :: India VIX surges 19%

>> The volatility index jumped to intra-day high of 22.28

2:44 PM

SENSEX A POOL OF RED

2:37 PM

NIFTY HOVERS AROUND 13,300

2:35 PM

SENSEX SINKS OVER 1600 PTS

2:21 PM

MARKET CHECK :: Indices at day's low

>> Sensex tanks 675.57 points, or 1.44%, to hit day's low of 46,285.12 levels

>> Nifty50 index sinks to 13,565.25 levels, down 195.30 points or 1.42% 

2:11 PM

CAMS surges 16% in two trading sessions, hits highest level since listing

At 01:43 pm, CAMS was trading 7 per cent higher, as compared to a 0.82-per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped an over four-fold and a combined 1.3 million equity shares had changed hands on the NSE and BSE till the time of writing of this report. READ MORE

2:04 PM

MARKET UPDATE:: Broader indices underperform benchmarks; India VIX surges 8%

2:04 PM

SENSEX TANKS 600 PTS

1:55 PM

Expert Take | Sometimes selling winners makes sense

Classical investment theory says that we should hold on to our winners and sell our losers, if needed. I was reminded of this when I met Sunil, a 40-plus executive with a multinational corporation.

 

Sunil had a few good equity mutual fund investments and fixed deposits, but a significant part of his investment was tied up in a house (not his residence) which he had bought around 10-11 years back, fuelled by a low-cost loan from his employer and the great deals on offer in the aftermath of the 2008 crisis. READ MORE

1:43 PM

Private lenders top Sensex drags at this hour

1:39 PM

ALERT :: European stocks plunge at open

>> Shares on the major European stock market indexes opened the session on Monday well below the flatline as the investors followed closely the news regarding the new strain of the coronavirus found in the United Kingdom. 

>> The DAX tumbled 1.70% at open as MTU Aero Engines lost 5.56% in early deals. The CAC 40 dwindled 2.45% at the opening bell. Meanwhile, in London, the FTSE 100 dropped 1.68% as the trading started. The euro fell 0.56% versus the dollar, selling for 1.21772 at 8:58 am CET, while the pound sterling declined by 1.59%, to go for $1.32818 at the same time.

1:35 PM

Nifty P/E up 20%; discretionary, energy stocks see maximum expansion

The benchmark Nifty is currently up 13 per cent on a year-to-date basis. However, the 12-month forward price-to-earnings (P/E) multiples for the index has shot up nearly 20 per cent during the same period.

 

In other words, the rise in the stocks has been much higher than the 2021 earnings growth estimates for the underlying stocks. Within the market, the discretionary, energy, and information technology (IT) sectors have seen the maximum expansion in their P/E multiples, shows an analysis done by Credit Suisse. READ MORE

1:27 PM

IT stocks trade higher in an otherwise subdued market

COMPANY	LATEST(rs)	CHG(%)
VAKRANGEE	58.90	2.79
BIRLASOFT LTD	218.00	5.03
INFOSYS	1202.80	1.10
HCL TECHNOLOGIES	902.55	1.29
TANLA PLATFORMS	632.25	-5.00