MARKET: Sensex ends 290 pts up as financials rally; Nifty settles at 10,116

All that happened in the markets today

3:44 PM

SECTOR WATCH:: Nifty PSU Bank index jumps 3.5%

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 rallied 290 points or 0.86 per cent to end at 34,247.05 while NSE's Nifty ended at 10,116, up 69.50 points or 0.69 per cent.

3:28 PM

MARKET CHECK

3:21 PM

BUZZING STOCK:: IndusInd Bank zooms 10%

3:11 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI GREEN	328.35	328.35	4.99
AUROBINDO PHARMA	793.95	797.20	2.41
DHANUKA AGRITECH	623.00	651.55	4.21
DR REDDY'S LABS	4104.05	4189.35	-0.50
GMM PFAUDLER	4490.00	4700.00	-0.19

3:08 PM

Top losers on the BSE at this hour

3:00 PM

ECB prepares 'bad bank' plan for wave of coronavirus toxic debt, reports Reuters

European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters. The project, which comes as Europe mobilises trillions of euros to bolster the region’s economy, is aimed at shielding commercial banks from any second fallout from the crisis, if rising unemployment chokes off the income needed to repay loans.

2:55 PM

Fall from intra-day highs today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
JINDAL STAIN.	36.50	31.70	32.20	-11.78
SHRI.CITY UNION.	759.95	674.40	683.25	-10.09
INOX LEISURE	259.70	231.40	234.95	-9.53
DEWAN HSG. FIN.	17.75	16.15	16.15	-9.01
RAYMOND	316.00	289.00	289.00	-8.54

2:54 PM

RIL, TCS support indices at this hour

2:46 PM

Challenge for us is supply chain rather than demand: Maruti's R C Bhargava

Maruti Suzuki, the country’s largest carmaker, expects demand for its passenger cars to outstrip supply in the months of June and July as it faces challenges in ramping up production amid the Covid-19 pandemic. “We will not be able to assemble more than 30-40 per cent of what is normal production in June. READ MORE

2:38 PM

NEWS ALERT :: Bank of Baroda cuts lending rates by 15 bps across all tenors

2:36 PM

IOC aims to operate refineries at 90% capacity in June as demand recovers

Indian Oil Corp, the country's top refiner, aims to operate its refineries at an average 90% capacity in June as fuel demand recovers with the easing of a coronavirus lockdown, the company said on Wednesday. IOC, which along with subsidiary Chennai Petroleum Corp, controls about a third of India's 5 million barrels per day (bpd) refining capacity, is operating its plant at about 83% capacity, a sharp increase from 39% at the beginning of April. READ MORE 

2:30 PM

MARKET VOICE | Shyam Sekhar

2:22 PM

Investment pipeline charts a different course on its way to India

While the over $10 billion raised by Reliance Industries for its Jio Platforms has become the face of this recent flow, there is some serious money raising happening in the infrastructure space as well. Tata Power has joined Larsen & Toubro, Sterlite and Piramal Enterprises to create investment trusts for operational infrastructure assets, all of which have already attracted investments from abroad. This was a space in which investment inflows were most sluggish. READ MORE

2:21 PM

MARKET UPDATE:: Bandhan Bank up around 3%

2:13 PM

Rupee Closing

Rupee ends mildly higher at 75.59 per US dollar vs Tuesday's close of 75.61/$

2:10 PM

NEWS ALERT :: Dr. Reddy's Labs completes acquisition of select biz divisions of Wockhardt

(Via BSE filing)

2:04 PM

MARKET UPDATE:: Realty stocks rally; S&P BSE Realty index up around 2%

1:58 PM

MARKET INSIGHT

1:53 PM

NEWS ALERT | Offered a moratorium of six months to all eligible borrowers classified as standard: YES Bank via exchange filing

-- 15-20 per cent of corporate custeomers opted for moratorium

-- 15-20 per cent of MSME customers opted for moratorium

-- 20-25 per cent of retail custdomers opted for moratorium

1:47 PM

European stocks advance

1:41 PM

Mid, small-cap pharma stocks rally; Dishman Carbogen, Unichem Labs soar 20%

Granules India, Morepen Laboratories, Amrutanjan Healthcare, Vivimed Labs, Bal Pharma, Ind-Swift Laboratories, Jubilant Life Sciences, and Kopran were up 10 per cent to 17 per cent on the BSE. Biocon, Alembic Pharmaceuticals, Torrent Pharmaceuticals, and Ipca Laboratories were up 3 per cent to 5 per cent. READ MORE

1:33 PM

PSBs gain; Nifty PSU Bank index up nearly 2%

1:24 PM

Investing in global funds will provide diversification, better returns

With the US markets hitting new highs in the past few days, more investors are getting attracted to these markets. In May, mutual fund schemes investing in the overseas market gave returns of 3.98 per cent — the highest category average returns, according to the Value Research data. READ MORE

1:16 PM

Amrapali Case :: SC allows for restructuring of homebuyers loans qualified as NPAs

>> Court directs banks to release funds to homebuyers, post restructuring

>> RBI to permit banks to exend funds

>> The next hearing of the case on Wednesday, June 17

Alert: Over Rs 3,000 cr is payable by homebuyers, funds expected to aid in completion of projects.

         The construction of stalled projects of Amrapali is being handled by National Buildings Construction Corporation (NBCC)

(As reported by CNBC TV18)

1:10 PM

HPCL delays $3 bn Vizag refinery expansion over labour, monsoon: Report

Hindustan Petroleum Corp Ltd has pushed back the completion of a billion-dollar expansion at its southeastern Vizag refinery to at least October-November due to a labour shortage and the onset of monsoon, a company source said. The state-run refiner had initially planned to complete the Rs 209.28 billion ($2.77 billion) expansion, which will nearly double the capacity of its coastal plant to 300,000 barrels per day (bpd), in July. READ MORE 

1:05 PM

TCS extends gains into third day, hits three-month high ahead of AGM

Shares of Tata Consultancy Services (TCS) extended their gains into third straight day and hit a three-month high of Rs 2,127, up 2.5 per cent, on the BSE on Wednesday ahead of the company’s scheduled annual general meeting (AGM) on June 11, 2020. READ MORE

12:55 PM

BUZZING STOCK:: RBL Bank at day's high, zooms 8%

12:46 PM

MARKET UPDATE:: Top 5 gainers at this hour