MARKETS: Investors lose Rs 3 trn as Sensex tanks 788 pts on US-Iran crisis

All that happened in the markets today.

4:01 PM

Market Closing Comment :: S Ranganathan, Head of Research at LKP Securities

US-Iran-Middle East tensions spooked Indian Markets badly throughout the day as Financials & Metals led the fall which was pretty broad-based. Risk-Off was evident as Gold jumped to a 7 year high. Rising Oil prices also took a toll on our markets

3:53 PM

MARKET ALERT :: Five financials - HDFC Bk, SBI, HDFC, Bajaj Fin and ICICI Bk have collectively lost Rs 59,607 crore market-cap

>> Reliance Industries lost Rs 24,000 crore today.

3:52 PM

MARKET ALERT :: Investors lose Rs 3-trillion in terms of market cap as Sensex fell nearly 2%

>> Financials lead the fall on Monday

>> Bajaj Finance slip 4.6% on the BSE

>> SBI, IndusInd Bank, HDFC, Axis Bank, and ICICI Bank slip between 2.5 per cent and 4.4 per cent

3:43 PM

NIfty Bank logs biggest single-day fall since April 2016

3:42 PM

Sectoral trends at NSE at close

>> Among key sectoral indices, all the indices lost ground today with Nifty PSU Bank index being the top laggard

3:41 PM

Sensex heatmap at close

 >> In the intra-day trade, the Sensex slipped 850.65 points, its biggest single-day fall in the last 4 months -- to hit a low of 40,613.96.

3:40 PM

Closing Bell

>> The benchmark S&P BSE Sensex breached below the 41,000-mark to end the day at 40,676.63 level, down 788 points or 1.9 per cent. 

>> On the NSE, the Nifty50 closed at 11,993-mark, down 234 points or 1.91 per cent.

3:28 PM

Five banking trends for the new year

No prizes for guessing the dominant trend in Indian banking in 2020: The pile of bad loans will rise. The Reserve Bank of India’s (RBI’s) latest Financial Stability Report (FSR), a biannual health check of the banking system, says banks’ gross non-performing assets (NPAs) may rise from 9.3 per cent of total loans in September 2019 to 9.9 per cent by September 2020. READ MORE

3:14 PM

NEWS ALERT | TrueNorth to invest Rs 536.2 cr in Biocon Biologics: Biocon via BSE filing

3:02 PM

Reliance Industries falls over 2%

2:54 PM

Oil check

Oil prices rose a further 2 per cent on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after the killing of a top Iranian general.

Brent crude futures soared to a high of $70.74 a barrel and was at $70.03 at 0747 GMT, up $1.43, or 2.1 per cent, from Friday’s settlement. U.S. West Texas Intermediate crude was at $64.15 a barrel, up $1.10, or 1.7 per cent, after touching $64.72 earlier, the highest since April.

2:46 PM

NSE approaches Sebi for IPO, hopes to launch public issue by September

The National Stock Exchange (NSE) on Monday said it has approached markets regulator Sebi for its initial public offering and hopes to launch the public issue by September this year subject to approvals. "We have approached Sebi to seek its approval for the IPO and after that we will start the process of appointing merchant bankers, who will help the exchange in filing draft prospects for the IPO," NSE MD and CEO Vikram Limaye SAID. READ MORE

2:43 PM

Care Ratings slips 16% in two days as investors pocket profits

Shares of Care Ratings were down 12 per cent to Rs 585 on the BSE on Monday, falling 16 per cent in past two trading days on profit-booking. The rating agency's stock was the top loser among the S&P BSE 500 index constituents. In eight trading days -- between December 23, 2019 and January 2, 2020 -- the stock rallied 46 per cent on the back of fund buying. The benchmark S&P BSE Sensex was down 0.13 per cent during the same period till Thursday. READ MORE

2:38 PM

Global Markets check

European shares extended losses on Monday as tensions following the killing of a top Iranian general by the United States kept buying restricted to safe havens, while energy stocks benefited from higher oil prices.

 

The pan-European STOXX 600 equity index was down 0.7 per cent and was set for its worst day in a week. German stocks were the worst performers in the region, dropping about 1 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.7 per cent. Japan's Nikkei slid almost 2 per cent in a sour return from holiday, while E-Mini futures for the S&P 500 ESc1 fell 0.3 per cent in very choppy trade.

2:21 PM

MARKET UPDATE : Sensex tanks over 800 pts

2:15 PM

MARKET UPDATE:: Nifty breaches 12k level

2:14 PM

MARKET UPDATE:: Total market-cap of BSE listed companies fall Rs 2.8-trillion as Sensex slip nearly 2%

2:05 PM

Rupee check

1:44 PM

Heatmap: S&P BSE Sensex

1:38 PM

NCLT route ruled out for Suzlon Energy, lenders to set up escrow account

Throwing a lifeline to India’s leading wind turbine maker and debt-ridden Suzlon Energy, lenders to the company have finalised a resolution plan. They hope to conclude the process by the month end, which is also the deadline for the resolution. Sources said barring one bank, all lenders are ready to convert more than 50 per cent of the total debt into new debt. READ MORE

1:22 PM

CARE Ratings tumbles 10%

1:15 PM

Gold surges to Rs 40,969 per 10 gram in futures trade amid US-Iran tensions

Gold prices on Monday soared by Rs 857 to Rs 40,969 per 10 gram in futures trade as speculators moved towards safe haven, amid rising tensions in the Middle East. On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 857, or 2.14 per cent, at Rs 40,969 per 10 gram with a business turnover of 5,559 lots. READ MORE

1:04 PM

Auto stocks tumble; index down over 2%

12:51 PM

Sensex extends losses, down 700 points

12:50 PM

Bajaj Finance slumps 4%

12:41 PM

India VIX up 18%

12:37 PM

Q3 preview: IT firms likely to post muted numbers; some mid-caps may shine

Information technology (IT) companies' financial performance may have been muted in the October-December quarter (Q3) of the 2019-20 financial year, thanks to a seasonal weakness due to furloughs and fewer work days, besides continued challenges in the banking, financial services and insurance (BFSI) and retail verticals. READ MORE

12:28 PM

STOCK UPDATE:: Reliance Industrial Infra surges 19% on back of heavy volumes

-- Nearly 60 per cent of the company's total equity changed hands on the NSE and BSE till 12:24 pm

-- The stock has rallied 49 per cent in 3 days

12:17 PM

IEX nears record high post December power mkt update, soars 24% in 3 days

Shares of Indian Energy Exchange (IEX) rallied 9 per cent to hit a fresh 52-week high of Rs 174 on the BSE on Monday as power demand zoomed in December 2019. The stock of the electric utilities company has soared 24 per cent in the past three trading days in an otherwise weak market. It was trading near its all-time high of Rs 178, touched on November 9, 2018. READ MORE

12:15 PM

NEWS ALERT | 0.3% equity of Bajaj Fin traded in a block deal on the BSE at Rs 4,005/sh: CNBC TV18