MARKET WRAP: Sensex dips 189 pts ahead of F&O expiry; metals, autos decline

The benchmark S&P BSE Sensex and broader Nifty50 were dragged by heavyweight stocks like Reliance Industries, ICICI Bank, Maruti Suzuki, and HDFC Bank

3:40 PM

Sectoral losers and gainers on the NSE

3:40 PM

Losers and gainers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex slipped 189 points or 0.50 per cent to settle at 37,452 while the NSE's Nifty50 index closed at 11,046, down 59 points or 0.53 per cent. 

3:18 PM

Nestle's inclusion in Nifty to raise FMCG weight; pvt banks to stay at top

Nestle (India), according to reports, is likely to replace media firm Zee Enterprises in the Nifty50 index from October futures & options (F&O) series. The likely inclusion is expected to increase the weight of fast moving consumer goods (FMCG) sector in the index by 94 basis points (bps) to 9.2 per cent. While the weightage of the FMCG sector will rise that of the media sector will be eliminated, according to a report by ICICI Securities dated August 27. READ MORE

3:05 PM

Market check | Sensex stages partial recovery

3:01 PM

YES Bank dips 10% as Moody's downgrades ratings with negative outlook

YES Bank shares dipped 10 per cent to Rs 58 in intra-day trade on the BSE on Wednesday after Moody's Investors Service downgraded the bank’s long-term foreign-currency issuer rating to 'Ba3' from 'Ba1'. The private sector lender's stock was trading near to its 52-week low price of Rs 53, touched on August 22, 2019. “The downgrade of Yes Bank's ratings takes into account of the lower than expected amount of capital raised by the bank recently; and the risk that the substantial decline in the bank's share price will challenge its ability to raise sufficient capital to maintain the rating at its previous level”, Moody’s said in rating rational. READ MORE

2:51 PM

NEWS ALERT | India Ratings revises India's FY20 GDP to 6.7% from 7.3%

-- Q1FY20 GDP estimated at 5.7%

-- 1QFY20 is expected to be the fifth consecutive quarter of declining GDP growth

2:46 PM

NEWS ALERT | Coffee Day Enterprises gets Registrar of Companies' approval to extend FY19 AGM for 45 days: BSE filing

2:44 PM

NEWS ALERT | Pound falls on report that govt will try to suspend Parliament to force no-deal Brexit

Source: Bloomberg

2:41 PM

SAIL down over 5%

2:34 PM

NEWS ALERT | US FDA's observations on Ipca Labs

-- Deviations from written tests procedures and lab mechanisms not recorded

-- Failure to review unexplained discrepancy and failure of batch

-- Responsibilities and procedures applicable to quality control unit ot followed

(As reported by CNBC TV18)

2:32 PM

Maruti Suzuki India down 3%

2:24 PM

NEWS ALERT | Unichem Lab gets US FDA nod for solifenacin tablet used to treat overactive bladders

2:22 PM

Nifty breaches 11,000-mark

2:13 PM

Market extends fall

2:05 PM

NEWS ALERT | Moody's downgrades YES Bank's ratings, outlook negative; stock tumbles

1:51 PM

Tata Global extends gains

1:43 PM

NEWS ALERT | Toyota and Suzuki enter into capital alliance agreement: CNBC TV18

-- Toyota plans to acquire 4.9 per cent stake in Suzuki worth 48 billion Japanese yen

1:41 PM

Kalpataru Power Transmission tumbles

1:40 PM

Vedanta cracks over 3%

1:37 PM

RBL Bank slips 10% in two days, hits 31-month low on asset quality concerns

RBL Bank shares were trading lower for the second straight day, down 5 per cent on Wednesday, to hit a 31-month low level of Rs 336 per share. The private sector lender's stock has fallen 10 per cent in the past two days on concerns of asset quality. The stock was quoting at its lowest level since January 2017. READ MORE

1:13 PM

Market extends fall

12:33 PM

Auto stocks slip

12:25 PM

Silver catching up with gold rally, price spike sharply in global market

Silver prices spiked overnight, giving a sense that the metal is catching up with gold. On the MCX, the September silver contract expiring next week was trading at Rs 45,900 per kg but the far-month December contract was quoting at Rs 47,400 a kg in Mumbai’s spot market. The price of silver spot market price has opened at Rs46,436 per kg, which is 3-year high and 15 per cent increase August. READ MORE

12:14 PM

MARKET CHECK

12:02 PM

Rupee check

Source: Bloomberg

11:56 AM

Contribution to Sensex

11:50 AM

Oberoi Realty tumbles 5%

11:37 AM

Cement stocks trade higher

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
INDIA CEMENTS	77.00	0.70	0.92	103669
AMBUJA CEM.	207.25	2.10	1.02	25780
ACC	1547.00	7.60	0.49	11718
ULTRATECH CEM.	4144.35	7.95	0.19	10961
HEIDELBERG CEM.	197.30	0.90	0.46	5993

11:37 AM

Oberoi Realty gains nearly 6%