F&O Expiry: Sensex slips 383 pts, Nifty below 11,000; financials decline

Domestic investors also remained cautious ahead of GDP data for the April-June quarter due on Friday.

3:39 PM

Sectoral losers and gainers on the NSE

3:39 PM

Losers and gainers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex lost 383 points or 1.02 per cent to settle at 37,069 while NSE's Nifty50 index slipped below the crucial 11,000-mark to end at 10,948 level. 

3:25 PM

Colgate Palmolive gains 3.5%

3:19 PM

Tata Elxsi declines 3%

3:14 PM

Edelweiss Securities on PVR

We remain enthused by PVR’s screen expansion plan and innovation focus. Key risks to our call are Jio’s digital release service; and aggression of OTTs. We retain our TM of 30x earnings per share (EPS) yielding a target price (TP) of Rs 2,040. We maintain 'BUY/SO’. At CMP, the stock is trading at ~43x/29x FY20/FY21E EPS (post Ind AS 116 adjustment); ex of Ind AS 116 the stock is trading at ~31x/22x FY20/21E EPS.

3:11 PM

Market check

2:59 PM

Rupee Check | Trading near day's high

Source: Bloomberg

2:53 PM

Buzzing | NCC slips 6%

2:42 PM

Indiabulls Housing Finance off day's low

2:29 PM

Global markets check

Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent. On Wall Street, the S&P 500 gained 0.65% on Wednesday due in part to gains in the energy sector following a rebound in oil prices. But U.S. stock futures lost 0.2 per cent in Asia.

2:27 PM

Stimulus package not enough to stop auto sector decline: Fitch Solutions

The package unveiled, the first of three planned stimulus packages, includes a reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of goods and services tax (GST). READ MORE

2:13 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ADVANCE. ENZYME.	145.30	142.00	-4.60	-3.07
ERIS LIFESCIENCE	370.15	357.80	-5.20	-1.39
GAYATRI PROJECTS	108.95	103.10	0.00	0.00
GODREJ INDS.	422.50	420.75	-3.25	-0.76
INDIABULLS HOUS.	434.45	421.10	-22.60	-4.94

2:00 PM

NEWS ALERT | Govt's determination to sell Air India remains undiluted: Hardeep Singh Puri, MoS, Civil Aviation Ministry

-- Govt should not be in the airlines' business

-- There is buyers' interest in Air India

-- Cabinet Secy level discussions have taken place for Air India; AI panel to meet soon

-- Will find best deal for Air India

(As reported by CNBC TV18)

1:54 PM

Biocon up 3%

1:49 PM

NEWS ALERT | Zerodha servers' issue resolved

1:47 PM

NEWS ALERT | Employees' union of Muthoot Fin declares indefinite strike in Kerala from Aug 20

-- Employees are unable to open branches because of the threats or forcible closure by the Union

Alert: CITU is the employees' union 

         CITU is Non-Banking & Private Finance Employees Association

        CITU is affiliated to Communist Party of India-Marxist (CPI-M)

         Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed.

(VIa BSE Filing)

1:44 PM

Nifty sectoral indices at this hour

1:37 PM

NEWS ALERT | Working on relief measures for homebuyers; announcement likely in next few days: Hardeep Singh Puri

1:36 PM

NEWS ALERT | Cement Cos to up 50-Kg bag price by Rs 40-50 in Andhra & Telangana from Monday: BTVi quoting agencies

-- Ramco Cements, JSW Cement, Sagar Cements, Orient Cement to hike price in Andhra, Telangana

 

1:32 PM

NEWS ALERT | DFS Secy likely to hold meeting with PSBs to review steps taken to boost growth: BTVi

-- SBI, IDBI Bank among others likely to be part of the meeting

 

-- May also review recapitalisation requirements of state-run banks

-- DFS Secy may also assess status of banks linking lending rate to repo rate

Alert: DFS is Department of Financial Services

1:25 PM

Nifty Private Bank index is trading 1% lower

1:16 PM

Balaji Telefilms dips 6%

1:02 PM

Lemon Tree Hotels under pressure, tumbles 12% after block deal

Shares of Lemon Tree Hotels tumbled as much as 12 per cent in the intra-day trade to quote at Rs 50 apiece on the BSE on Thursday after more than 30 million equity shares of the company changed hands via block deals.

 

Around 31 million shares, representing 7 per cent of the total equity of Lemon Tree Hotels, changed hands on the BSE, the exchange data shows. The name of buyers and sellers, however, could not be ascertained immediately. READ MORE

12:53 PM

NEWS ALERT | Open to taking small piece of equity in Jet Airways to provide support if required: Anil Agarwal of Vedanta to CNBC TV18

12:50 PM

Market check

12:49 PM

Market check | Sensex recovers partially

12:42 PM

Allahabad Bank trades over 3% lower

12:32 PM

NEWS ALERT | Zerodha servers go down for an hour with F&O traders unable to place fresh orders.

-- The outage has hit traders who were carrying positions from previous day and have placed new bets today.

12:20 PM

Market check | Sensex down 400 pts