MARKET WRAP: Sensex crashes 624 pts; YES Bank tanks 11%, RIL surges 10%

The S&P BSE Sensex and the Nifty50 fell 866.67 points and 244.3 points from day's highs to hit a low of 36,888.49 and 10,901.60 respectively in the intra-day trade.

3:46 PM

All sectoral indices on the NSE settle in the red

3:45 PM

Top losers and gainers on the S&P BSE Sensex

3:35 PM

CLOSING BELL

The S&P BSE Sensex crashed 624 points or 1.66 per cent to settle at 36,958 while the Nifty50 index slipped below the crucial 11,000-mark to end at 10,926, down 184 points or 1.65 per cent.

3:29 PM

Edelweiss Securities on Future Consumer

Future Consumer (FCL) has entered four large categories — Dairy, Detergent, Biscuits and Namkeens; we would monitor their traction. Penetration in these categories would lead to upfront costs, which would dent consolidated PAT. We are, hence, pruning FY20/21E consolidated PAT to Rs 132mn/Rs 710mn from Rs 216mn/Rs 849mn. Maintain ‘BUY’ with a revised TP of Rs 42 (Rs 50 earlier).

3:20 PM

14 securities on the NSE hit 52-week high today

Symbol	Security	New 52W/H	Prev. High	Prev. High Date	LTP	Prev. Close	Chng	% Chng
ASIANPAINT	Asian Paints Limited	1,594.00	1,581.90	09-Aug-2019	1,573.90	1575.50	-1.60	-0.10
AXISGOLD	Axis Mutual Fund - Axis Gold ETF	3,400.00	3,293.00	09-Aug-2019	3,320.00	3249.55	70.45	2.17
BERGEPAINT	Berger Paints (I) Limited	364.80	360.75	09-Aug-2019	363.60	359.35	4.25	1.18
GOLDBEES	Reliance ETF Gold BeES	3,331.95	3,299.85	08-Aug-2019	3,331.90	3272.55	59.35	1.81
GOLDSHARE	UTI Mutual Fund - UTI Gold Exchange Traded Fund	3,358.00	3,312.75	08-Aug-2019	3,347.55	3292.65	54.90	1.67

Source: NSE

(Click to view the full list)

3:16 PM

Top 5 losers on the BSE at this hour

IIFL	112.75	-10.50	-8.52
MOTHERSUMI	97.50	-9.30	-8.71
YESBANK	73.90	-8.20	-9.99
BHEL	50.50	-6.40	-11.25
BEML	710.80	-105.40	-12.91

3:14 PM

Earnings Alert | Sun Pharma Q1 result

-- Net profit at Rs 1,387.5 crore

-- Revenue at Rs 8,374.4 crore

-- EBITDA at Rs 1,996 crore

3:11 PM

MARKET CHECK | Nifty Bank tanks 2.3% or 670 points

2:57 PM

Market check | Sensex slips 600 pts

2:56 PM

NEWS ALERT | Amazon said to near deal for up to 10% stake in Future Retail: Agencies

-- Co said to seek Rs 2,000 cr from Amazon for stake sale

2:55 PM

Market check | Sensex breaches 37,000-mark

2:53 PM

Earnings Alert | Dr Lal Path Labs Q1 result

-- Net profit at Rs 59 crore

-- Revenue at Rs 335 crore

2:50 PM

Market check

2:49 PM

Market check | Sensex sheds 500 pts

2:34 PM

Market check | Sensex slips over 400 pts

2:31 PM

Market check | Nifty breaches 11,000-mark

2:28 PM

DHFL down 6%

2:26 PM

NEWS ALERT | Group global wholesales at 78,600 units, down 14% YoY in July: Tata Motors via BSE filing

2:20 PM

Market check

2:18 PM

Federal Bank slips 5%

2:12 PM

Argentina's 48% stock fall second in list of biggest market routs in 70 yrs

The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48 per cent in dollar terms. That marked the second-biggest one-day rout on any of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60 per cent in June 1989 as the nation was engulfed in a civil war. READ MORE

2:11 PM

Consumption sector’s valuations have remained high & will continue to remain so: Rakesh Jhunjhunwala to CNBC TV18

-- Very bearish on Ols, Uber and Lyft; disrupters will themselves dislocate

2:08 PM

Motherson Sumi extends losses

2:06 PM

Market check

2:01 PM

Nifty PSU index slips

1:50 PM

India not in the ICU: Rakesh Jhunjhunwala to CNBC-TV18

1:50 PM

With every election, there is some slowdown in the economy: Rakesh Jhunjhunwala to CNBC-TV18

-- Think peak of NPA cycle has passed

-- Those with integrity are doing well in current environment 

-- Don't feel India has a 10% GDR growth rate model as of now

1:49 PM

Consumption will revive in next 2-3 months: Rakesh Jhunjhunwala to CNBC-TV18

1:45 PM

Not very happy with the state of the state of the Indian market right now: Rakesh Jhunjhunwala to CNBC TV18

-- Economy and the market wll rebound, can't put a timeline on it though

-- NBFC crisis and fiscal situation have led to short-term slowdown

-- PSU bank recap and support to NBFCs will aid lending

-- Expect RBI to not only cut rates, but also ensure liquidity

1:42 PM

Bosch extends loss post Q1 results