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MARKET WRAP: Indices off day's low, Sensex ends 161 pts lower; Infy up 1%

All that happened in markets today

SI Reporter New Delhi
hare brokers react to falling stock prices on screens of computers and television

2 min read Last Updated : Feb 18 2020 | 3:56 PM IST

3:56 PM

SECTOR WATCH | Media and IT indices end in the green

3:55 PM

MARKET AT CLOSE | Top losers and gainers on the S&P BSE Sensex

3:44 PM

CLOSING BELL

The S&P BSE Sensex slipped 161 points or 0.39 per cent to end at 40,894 while NSE's Nifty ended at 11,992.50, down 53 points or 0.44 per cent.  

3:15 PM

BLOCK DEAL | 0.6% equity of IndusInd Bank changes hands

-- 38 lakh shares worth Rs 438 cr trade in 4 blocks on BSE at Rs 1,144.20/sh

3:01 PM

IOL Chemicals hits record high in weak market, zooms 34% in 3 days

The stock of pharmaceutical company surpassed its previous high of Rs 235 touched on May 30, 2019. In past three trading days, it zoomed 34 per cent as compared to 1.8 per cent decline in the S&P BSE Sensex. READ MORE  

2:55 PM

Barbeque Nation files IPO papers with Sebi to raise Rs 1,000-1,200 crore

The IPO comprises a fresh issue of shares worth Rs275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi).
 
The company may consider a pre-IPO placement to the tune of Rs150 crore. READ MORE

2:45 PM

NEWS ALERT | Cabinet likely to discuss ongoing PSU bank mergers this week

2:26 PM

Global Markets check

European shares dropped on Tuesday as a revenue warning from iPhone maker Apple Inc (AAPL.O) sent shockwaves through the tech sector, highlighting the impact of the coronavirus outbreak on global demand and supply. The pan-European STOXX 600 index fell 0.8 per cent, having ended at a record high on Monday after China outlined fresh stimulus measures to mitigate the virus’ economic impact.

Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 per cent, while Tokyo’s Nikkei slid 1.4 per cent, dragged down by tech stocks.
 
China’s CSI300 blue chip shares gave up 0.5 per cent, following a strong rally that was fuelled by hopes Beijing would introduce more policy stimulus.

Oil prices slipped on fresh concerns over the economic impact of the coronavirus outbreak in China. Brent crude fell 0.6 per cent to $57.30 a barrel, while US West Texas Intermediate (WTI) crude slipped 0.3 per cent to $51.90 a barrel.

2:13 PM

BROKERAGE RADAR | HDFC Securities on Ashok Leyland

Ashok Leyland reported yet another weak quarter as EBITDA margin declined to 5.6% (-460/-20bps YoY/QoQ). The industry awaits the announcement of a scrappage scheme, which will aid demand in FY21. We reiterate NEUTRAL with a target price (TP) of Rs 75 (13x on Dec-21 EPS).

2:04 PM

Coronavirus impact: Stay away from aviation stocks for now, say analysts

The contagion effect of the coronavirus (Covid-19) could soon bite the Indian aviation sector that is already dealing with a modest air-traffic growth due to the on-going economic slowdown. While the sector has seen limited impact thus far, failure to curb the virus till April could dent sentiment, experts say. Kapil Kaul, chief executive officer of CAPA’s South Asia unit says that the demand to East Asia and Southeast Asia could be affected, and outbound travel from April onwards will have to be watched, depending upon the severity of the situation in the next few weeks. READ MORE

2:03 PM

Bharti Infratel tumbles 12%

1:57 PM

MARKET CHECK

1:52 PM

Whirlpool of India gains 4% in a weak market

1:48 PM

MARKET CHECK | Sadbhav Engineering slips 7%

1:43 PM

Bharti Airtel slides 4%, at day's low now

Topics :MarketsMARKET WRAP

First Published: Feb 18 2020 | 7:31 AM IST