Indices turn negative for 2021 as Sensex tanks 938 pts, Nifty gives up 14k

All that happened in the markets today

3:54 PM

MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services

"It is well-known that a fall in FIIs inflows will be the biggest risk to the liquidity-driven rally. Indian bourses mirrored mixed sentiment from global peers with a downward rally owing to consecutive days of FII selling. Barring defensive FMCG segment, all sectors traded in the red zone with banking and pharma stocks being the worst hit. The global markets were mixed today ahead of the US Fed meeting amid uncertainty over the US stimulus. We should expect higher volatility in the coming days' given pre-budget event risk"

3:50 PM

HDFC twins, RIL top contributors to Sensex's fall today

3:48 PM

Nifty sectoral indices at close

3:45 PM

Heatmap: S&P BSE Sensex gainers and losers

3:39 PM

CLOSING BELL

The benchmark S&P BSE Sensex settled the session at 47,410, down 938 points, or 1.94 per cent. The Nifty50, meanwhile, gave up the 14,000-mark and closed at 13,967.5, down 271 points, or 1.91 per cent.

3:25 PM

IndiGo Q3 preview: Server hack, fleet expansion among key monitorables

IndiGo, India’s biggest aviation firm by market share, is set to report its December quarter (Q3FY21) results on Thursday, January 28. Amid improved traffic and cost saving measures, analysts are baking in a strong sequential growth in the airline’s earnings even as the figures may be half of the previous year. In the December quarter of FY20, IndiGo had reported a profit of Rs 490.5 crore, on the back of Rs 9,931.7 crore-revenue, and Rs 1,669.9 crore-EBITDA. READ MORE

 

3:14 PM

Q3 EARNINGS | Bank of Baroda net profit at Rs 1,061.1 crore

-- Net NPA at 2.39%  2.51 (QoQ)

-- NII up 8.6% YoY at Rs 7,749 crore

-- Gross NPA at Rs 63,182 crore vs Rs 16,795 cr (QoQ)

-- Provisions at Rs 3,957 crore

3:10 PM

India VIX jumps nearly 5% to 24.35

-- VIX is a volatility measure

2:48 PM

Sensex tanks over 1,000 points: Key factors behind the market crash

Led by losses in index heavyweight Reliance Industries, private lenders and select IT stocks, benchmark indices extended their losses to the fourth day on Wednesday. Weak global markets, a mixed set of Q3 earnings and selling by foreign institutional investors (FIIs) dented the domestic market mood in today's session. Meanwhile, investors chose to book profits ahead of the Union Budget on Monday, February 1. READ MORE

2:42 PM

Top losers on BSE at this hour

Company	PRICE(rs)	CHG(%)
C P C L	97.05	-18.75
ICICI Securities	410.10	-8.05
JK Tyre & Indust	132.30	-6.70
Kansai Nerolac	572.65	-6.34
DCM Shriram	444.40	-6.11

2:33 PM

SECTOR WATCH:: Nifty Bank index falls over 1,000 pts from day's high

2:19 PM

MARKET UPDATE:: Sensex at day's low, turns negative for 2021

2:16 PM

NEWS ALERT | Nifty breaches 14,000 for the first time since Jan 4

2:12 PM

Q3 EARNINGS | Marico's profit increases 13% YoY to Rs 312 crore

-- Revenue up 16.3 per cent at Rs 2,122 crore

 

-- Ebitda up 10.7 per cent at Rs 413 crore

 

-- Ebitda margin at 19.5% vs 20.4% (YoY)

1:58 PM

Route Mobile hits new high as FPIs increase stake; zooms 100% since listing

In the past six trading days, Route Mobile has outperformed the market by surging 16 per cent after the shareholding pattern revealed that foreign portfolio investors (FPIs) have increased their stake in the company by 540 basis points (bps) during October-December quarter (Q3FY1). FPIs held 15.74 per cent stake in Route Mobile as on December 31, 2020, as against 10.34 per cent at the end of September 2020 quarter, according to the data filed by the company. They held 4.32 per cent stake in Route Mobile on listing date. READ MORE

1:48 PM

NEWS ALERT :: Dr Reddy's Labs terminates Avigan Trial Study conducted on Covid-19 patients

Click here for more details

1:38 PM

MARKET CHECK :: Sensex hits day's low

1:28 PM

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

Sales of residential units across eight major Indian metros – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – reached pre-Covid levels at 61,593 units in the December 2020 quarter (Q4’CY20) and the sentiment is likely to improve further, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show. READ MORE

1:13 PM

Dec Quarter Result :: Emami posts profit of Rs 208 crore

>> Revenue comes in at Rs 933.6 crore

1:04 PM

MARKET VIEW | Gaurav Garg, Head Research, CapitalVia Global Research

The market opened on a flat to weaker note at 14237.95 and made a low of 14070.70. Markets are trading negatively because of the increase in coronavirus concerns around the globe, also delay in the vaccine shipments are surmounting to the already increased concerns. US markets also ended on a negative note over the uncertainty on the additional stimulus that were expected of the new president and the concerns over quarterly earnings of the companies that are far below expectations. 

12:59 PM

TVS Motor hits fresh 52-week high ahead of Q3 results on Thursday

Shares of TVS Motor Company hit a fresh 52-week high of Rs 555, up 2 per cent, on the BSE on Wednesday ahead of its December quarter results (Q3FY21) on Thursday. The stock bounced back 4 per cent from its intra-day low of Rs 536. The stock saw huge activities with trading volumes jumping over four-fold today. A combined around 7.4 million equity shares changing hands on the NSE and BSE till 12:10 pm. READ MORE

12:44 PM

Tata Elxsi, Syntiant to provide low-power edge AI device development for voice applications

Tata Elxsi and Syntiant Corp., on Wednesday announced a collaboration to help manufacturers design and develop low-power always-on voice applications across multiple product categories, such as smart home devices and consumer electronics, as well as industrial and automotive use cases. (Text Source: PTI)

12:34 PM

Strategies for auto stocks as Centre proposes 'green tax' on old vehicles

After an outperformance over the past one month, auto stocks came under pressure during Wednesday's trading session as profit-booking gripped the market ahead of the presentation of the Union Budget of 2021. So far in the month of January, the Nifty Auto index has gained over 13 per cent till Monday, January 25 as against a 2 per cent gain in the Nifty50 index. READ MORE

12:23 PM

Reliance Industries extends fall post Q3 nos; stock dips 10% in three days

Shares of Reliance Industries (RIL) were quoting lower for the third straight trading day, having lost over Rs 1-trillion market capitalisation (market-cap) following the announcement of October-December quarter (Q3FY21) results on January 22. The stock shed 2.4 per cent to Rs 1,893 on the BSE in the intra-day trade on Wednesday, down 10 per cent in the past three trading days. The combined market-cap of RIL's fully paid shares and partly paid shares declined by nearly Rs 1.4 trillion in the three days. READ MORE

12:10 PM

Gayatri Projects bags orders worth Rs 1,748 crore

Gayatri Projects has received four Letter of Awards (LoAs) for Pipe Drinking Water Schemes from Namami Gange and Rural Water Supply Department in the State of Uttar Pradesh, in joint venture where the Company's share is 97.5% for a total value of Rs 1,748,00 crore. READ MORE

12:04 PM

Sector Watch :: Nifty FMCG, Media, PSU Bank indices trade higher in a weak market

11:57 AM

Sensex down 500 points; these are the gainers & losers

11:53 AM

MARKET CHECK :: Nifty falls below 14,100

11:52 AM

NEWS ALERT

>> Cabinet briefing likely at 2 PM today

11:42 AM

Sensex at day's low, down over 400 points