MARKET WRAP: Sell-off continues, Sensex slips 300 pts; Nifty ends at 11,154

All that happened in the markets today

4:10 PM

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

"Indian indices witnessed another day of volatility, with indices losing ground in the latter half of the trading day, as the broader markets also underperformed. Global cues were also mixed with Asian markets in the red, while European markets have opened in the green. Doubts about the timing of a global economic recovery emerged, following talks of further restrictions to contain a resurgence in virus infections around the world, especially in Europe. This uncertainty hit the Indian markets also, which have been driven by liquidity and the expectation that the economy and earnings would be back on track soon. Markets seem to be consolidating and taking stock of the situation. Investors are advised to stay cautious."

3:43 PM

SECTOR WATCH | Nifty IT gains 0.7%

3:42 PM

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

3:36 PM

CLOSING BELL

The S&P BSE Sensex slipped 300 points, or 0.79 per cent to settle at 37,734 levels while NSE's Nifty ended at 11,154, down 97 points, or 0.86 per cent. 

3:28 PM

MARKET CHECK | India VIX drops over 5% to 21 levels

3:24 PM

Titan trades nearly 1.5% lower

3:15 PM

MARKET CHECK | 5 losers on the BSE at this hour

3:05 PM

Banks extend decline; IndusInd, RBL, Bandhan Bank tank over 10% in 1 week

In the past one week, Nifty Bank index has slipped 6 per cent as against 3.3 per cent fall in the Nifty50 index READ MORE

2:57 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

2:47 PM

IPO Update :: Chemcon IPO subscribed 8.48x till 2:45pm; CAMS IPO subscribed 1.32x; Angel Broking subscribed 0.45x

2:41 PM

Nifty Bank breaks below 21,000-mark

2:40 PM

MARKET CHECK | 5 gainers on the BSE at this hour

2:32 PM

Maruti slips nearly 3%

2:26 PM

Dow Jones Futures dip 100 pts

2:19 PM

Double-digit sales dip in anti-infective segment to weigh on Alkem Labs

For the trailing twelve months ended August, the company sales are down nearly eight per cent, while the Indian pharmaceutical market declined by just over two per cent during that period. The reason for this has been that sales in the anti-infective segment, in which Alkem has a leadership position, have been declining by double digits. READ MORE

2:19 PM

Sensex slips 300 pts

2:08 PM

Rupee closing

Rupee ends lower at 73.58/$ vs Monday's close of 73.38 against the US dollar

2:03 PM

Markets at 2 pm

2:01 PM

IPO Alert :: CAMS subscribed over 1x on Day 2 till 1:45 pm

1:58 PM

IPO Alert :: Chemcon Speciality Chemicals subscribed over 8x on Day 2 till 1:45 pm

1:54 PM

IPO Update :: Angel Broking IPO subscribed 44% till 1:45 pm

1:47 PM

SBI, IndusInd Bank: Are bank stocks a good bet in the current market?

Bank stocks tumbled in Monday's trade after Financial Crimes Enforcement Network (FinCEN) leaks said almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several transactions went through Indian banks that were flagged as top-secret ‘Suspicious Activity Reports’ or SARs by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terror financing, drug dealing, and financial fraud READ MORE

1:35 PM

Sebi to prescribe stress tests, liquid holdings for debt mutual funds

The Securities and Exchange Board of India (Sebi) on Tuesday said it would soon issue guidelines that mandate all debt mutual fund schemes to hold a certain percentage of liquid assets in their schemes, including government securities and treasury bills. This is aimed at improving liquidity in all schemes and would help schemes to meet sudden redemption pressures, chairman Ajay Tyagi said addressing the mutual fund industry at the Association of Mutual Funds in India’s (Amfi’s) 25th annual general meeting. Liquid and overnight funds already have such provisions in place. READ MORE

1:21 PM

NEWS ALERT :: Rajya Sabha passes Companies Act (Amendment) Bill, 2020

1:15 PM

TCS gains 2% after UK supermarket chain Morrisons expands strategic pact

The stock of the Tata group's IT services major was trading close to its record high level of Rs 2,538, touched on September 15, 2020. READ MORE

1:08 PM

NEWS ALERT :: Supreme Court to hear Tata vs Mistry case on Oct 28

1:05 PM

MARKET CHECK :: Indices stage recovery

12:54 PM

NEWS ALERT :: Rajya Sabha passes Banking Regulation (Amendment) Bill 2020

12:46 PM

Route Mobile up 7% as Goldman Sachs, Kuwait Investment Authority pick stake

Shares of Route Mobile rallied 7 per cent to quote at Rs 694 on the National Stock Exchange (NSE) on Tuesday after foreign portfolio investors (FPIs) such as Goldman Sachs and Kuwait Investment Authority acquired shares worth of Rs 210 crore of the company on its debut on Monday. The stock bounced back 9 per cent from a low of Rs 636 hit in the intra-day trade today. It was, however, trading 5 per cent lower from a high of Rs 735 touched on its listing day. READ MORE

12:38 PM

Hotels to auto bonds: What global investors are buying in times of Covid-19

Hotels, pipelines, convenience stores and automaker bonds are among the assets being bought by some of the world’s biggest asset managers as they look for value in a world thrown into turmoil by the coronavirus pandemic. In interviews with sovereign wealth funds, pension firms and asset managers across Asia and Europe that collectively manage about $3.4 trillion, one thing was clear: many of them are avoiding the overheated stock market. READ MORE