MARKET WRAP: Sensex slips 216 pts as IT shares plunge; Nifty ends at 11,914

All that happened in markets today.

4:08 PM

SECTOR WATCH | Losers and gainers on the NSE

4:08 PM

Top losers and gainers on the S&P BSE Sensex

3:40 PM

CLOSING BELL

The S&P BSE Sensex lost 216 points or 0.53 per cent to end at 40,359 levels while NSE's Nifty50 index ended at 11,914, down 54 points or 0.45 per cent. 

3:26 PM

MARKET CHECK

2:54 PM

Indiabulls Housing Finance up over 4%

2:47 PM

BUZZING STOCK:: Bosch gains over 3%

2:32 PM

BUZZING STOCK:: RBL Bank zooms 5%

2:32 PM

MARKET UPDATE | Bharti Airtel slips over 1%

2:27 PM

BROKERAGE RADAR | Edelweiss Securities on NTPC

We see the two acquisitions as a strategic fit into NTPC’s big renewable aspirations. Watch out for the following though:

• government’s stake sale below 51%; and;
• final acquisition price for THDC and NEEPCO

The stock is trading at an attractive implied P/BV of 1.0x FY21E. Maintain ‘BUY/SO’ with a TP of Rs 150.

2:20 PM

BUZZING STOCK:: Jindal Steel & Power Ltd up 5%

2:11 PM

Metal stocks on the rise

2:02 PM

Top losers on BSE500 today

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
GAYATRI PROJECTS	62.50	-6.90	-9.94	60647
UCO BANK	19.37	-1.77	-8.37	351032
I T D C	344.00	-31.30	-8.34	41677
TEJAS NETWORKS	93.50	-8.20	-8.06	76317
BHARTI INFRA.	228.45	-13.35	-5.52	320440

1:46 PM

BUZZING STOCK:: Eicher Motors up 2%

1:38 PM

Zee Entertainment extends gain after promoter's stake sale

Shares of Zee Entertainment Enterprises (ZEEL) were up 5 per cent to Rs 363 on Friday, extending its previous day’s 12 per cent rally on the National Stock Exchange (NSE), after the promoters offloaded around 16 per cent stake in the company via open market on Thursday. In the past three trading days, the stock of ZEEL has rallied 27 per cent, as compared to a 0.25 per cent decline in the Nifty 50 index. READ MORE

1:32 PM

Global markets check

A broad gauge of Asian equities made a slight recovery on Friday from three-week lows hit the previous day, with gains limited by investors’ uncertainty over chances of China and the United States striking a preliminary deal soon to end their trade war. European shares were expected to rise as well. In early European trades, pan-region Euro Stoxx 50 futures were up 0.14 per cent at 3,687, German DAX futures were up 0.15 per cent at 13,178, and FTSE futures were up 0.35 per cent at 7,255.

U.S. S&P 500 e-mini futures ESc1, were 0.16 per cent higher at 3,109. On Friday afternoon, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent.

(Reuters)

1:12 PM

Nifty Bank index extends fall

12:58 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ESSEL PROPACK	158.95	163.85	5.00	3.25
HDFC AMC	3705.00	3844.00	-64.95	-1.72
JM FINANCIAL	96.40	100.00	3.85	4.16
PERSISTENT SYS	687.95	700.00	0.60	0.09
PFIZER	4080.00	4199.00	-47.80	-1.16

12:49 PM

NEWS ALERT | RBI sets up 3-member panel to assist DHFL administration: CNBC TV18

-- Rajiv Lall, NS Kannan and NS Venkatesh are the members of the advistory panel

12:38 PM

Eclerx Services Ltd zooms 15%

12:28 PM

There's greater comfort in owning pvt banks: Deepak Jasani, HDFC Securities

Optically, the markets do not look cheap. However technical factors (liquidity, no alternative asset class etc) means that equities could continue to do well for some more time. However, investors have to be alert for sentiments changing down. They need to review/rebalance their portfolio continuously to weed out the non-performers and be prepared to reduce the weight of equities at the first signs of a large definite negative change in sentiments. In the meanwhile, they could do some trading in happening stocks. However, if we witness a recovery in corporate earnings growth soon, then investors can afford to be a little less cautious/alert. READ MORE  

Deepak Jasani - HDFC Securities

12:18 PM

Rupee near day's low

12:09 PM

BROKERAGE RADAR | Motilal Oswal Financial Services on Eicher Motors

We are estimating ~13% decline in FY20 volumes to ~719k (implying residual run-rate of ~60k/month) and ~15.6% growth in FY21 to ~832k (v/s 826k in FY19). FY21 volumes should be driven by the upgraded Classic/Thunderbird and the success of the 650cc Twins in India and the export market. The stock is now trading at 30.1x/23.7x FY20/FY21 consol. EPS, which is at ~22% discount to its 5-year average P/E and is factoring in the moderate volume recovery (and 450 bps decline in margins from peak). Buy with TP of Rs 25,000 (Sep’21 SOTP-based – 22.5x S/A EPS + VECV @ 10x EV/EBITDA).

 

12:04 PM

CSB IPO: Issue subscribed 22% so far on Day 1

11:57 AM

Contributions to S&P BSE Sensex's fall today

11:46 AM

Sensex down over 200 pts

11:37 AM

MARKET CHECK:: Nifty slips below 11,900-mark

11:28 AM

Essel Propack hits record high; surges 41% in 2 weeks on strong Q2 results

Shares of Essel Propack gained 6 per cent on the BSE on Friday to hit a record high level of Rs 164 in an otherwise range-bound market. The container & packaging company's stock has rallied 41 per cent in the past two weeks after reporting a strong set of numbers for the quarter ended September 2019 (Q2FY20). Essel Propack reported EBITDA (earnings before interest, tax, depreciation and amortisation) margin expansion by 270 bps year on year (YoY) to 20.9 per cent in Q2FY20, driven by favorable mix shift and productivity improvement.  READ MORE

11:24 AM

Market check | Indices slip on trade war fears

11:22 AM

NEWS ALERT | Not afraid of trade war (with US), will not flinch from such a fight: Chinese President

-- Want to work out phase -1 of trade deal with US with mutal respect

(As reported by Reuters)

11:14 AM

Gayatri Projects plunges 28% in two days on invocation of pledged shares

Shares of Gayatri Projects hit an over four-year low of Rs 62.5, and were locked in the lower circuit band of 10 per cent on the BSE on Friday, after the lenders to the company invoked pledged shares. The stock of construction & engineering company tanked 28 per cent in past two trading days, and was trading at its lowest level since July 2015. Till 10:27 am, a combined 577,855 shares have changed hands, with pending sell orders for 120,003 shares on the NSE and BSE. READ MORE