MARKET WRAP: Sell-off continues for 4th day; Sensex ends 392 pts lower

All that happened in markets today

4:05 PM

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

Increasing concern regarding coronavirus in the world over is impacting global market. The economic impact is expected to be worse than thought earlier forcing investors to stay away from risky assets. Domestic market is bracing for yet another subdued GDP growth, with a forecast of 4.6 per cent  to 4.7 per cent in Q3 compared to 4.5 per cent in Q2, which is adding to the fear.

3:45 PM

SECTOR WATCH | Auto stocks fall the most

3:44 PM

MARKET AT CLOSE | Top losers and gainers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex slipped 392 points or 0.97 per cent to end below the crucial level of 40,000 at 39,889 while NSE's Nifty50 index ended at 11,678, down 119 points or 1 per cent.

3:25 PM

BROKERAGE RADAR | ICICI Securities on Consumer Discretionary

The Coronavirus has had a widespread impact across major economies and is now becoming a global emergency. China’s (the epicentre of Coronavirus) manufacturing capacities have shut down for over a month now, creating a supply disruption of finished goods/components for consumer durable companies operating in India. However, most vendors had already made provisions for inventory due to the Chinese Lunar New Year holidays. Hence, there may not be an immediate impact in the current quarter.

3:14 PM

NEWS ALERT | Sun Pharma launches Riomet WR in the US market

3:04 PM

NEWS ALERT | Vodafone Idea seeks govt support to facilitate balance of AGR dues, reports CNBC-TV18

3:02 PM

MARKET CHECK

2:56 PM

Contribution to S&P BSE Sensex's fall today

2:53 PM

Global Markets check

European shares fell for a fifth straight session on Wednesday, as investors fretted over the growing impact of a fast-spreading coronavirus that has pushed companies world-wide to sound the alarm on earnings.

Europe’s main equity benchmark STOXX 600 fell 0.8 per cent, marking its first five-day losing streak since July 2019.

Asian shares fell on Wednesday as a US warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows.

That led MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.1 per cent. Japan was among the worst-performing market in the region, weighed by growing concerns the virus could force the cancellation of the Tokyo Olympics.

2:51 PM

Maruti Suzuki dips 3%

2:42 PM

MARKET CHECK | Vedanta slips nearly 2.5%

2:40 PM

Sensex at day's low

2:36 PM

Heatmap: S&P BSE Sensex

2:34 PM

Nifty sectoral indices at this hour

2:28 PM

Rupee check: Indian currency near day's low

2:25 PM

Nifty near 11,700; India VIX up 5%

2:22 PM

NEWS ALERT | Apollo Tyres board approves allotment of 10.8 cr CCPS to Emerald Sage Investment at Rs 171/share: BSE filing

2:17 PM

MARKET UPDATE:: Sensex resumes fall

2:13 PM

BUZZING STOCK:: Spencers Retail zooms over 18%

2:07 PM

Chemical shares rally; Neogen, Fairchem, Navin Fluorine surge over 10%

Shares of commodities and specialty chemicals companies were on a roll on Wednesday with Navin Fluorine International (NFIL), Fairchem Speciality and Neogen Chemicals rallying more than 10 per cent on the BSE in an otherwise weak market on expectation of strong earnings growth going forward. Shares of NFIL hit a new high of Rs 1,426, up 12 per cent and zooming 34 per cent in the past two trading days. READ MORE

1:58 PM

Planning to apply for SBI Cards IPO? Check out the eligibility criteria

The initial public offer (IPO) of SBI Cards & Payments Services, India's second largest credit card issuer, will open on March 2. The price band of the offer has been set at Rs 750-755 per equity share. The offer comprises a fresh issue worth Rs 500 crore and an offer for sale (OFS) of up to 130,526,798 equity shares. The bid lot for the offer has been finalised to be 19 equity shares and in multiples of 19 equity shares thereafter. READ MORE

1:46 PM

MARKET CHECK | Sensex reclaims 40,000

1:28 PM

In 120 years, equity returns have outpaced bonds & bills: Credit Suisse

Adjusted for inflation, equities as an asset class have returned 5.2 per cent on an annualised basis over the past 120 years (since 1900), outpacing the returns by bonds at 2 per cent and bills at 0.8 per cent, says the latest Credit Suisse Global Investment Returns Yearbook 2020. READ MORE  

1:12 PM

Tata Motors gets nod to raise Rs 500 cr through non-convertible debentures

Tata Motors on Wednesday said its board approved committee has given its approval for raising Rs 500 crore through issuance of non-convertible debentures on private placement basis. "The Board approved Committee has today approved allotment of 5000 rated, listed, unsecured, redeemable, non-convertible debentures E28-B Series of face value Rs 10 lakh each, at par, aggregating Rs 500 crore," the company said in a regulatory filing. READ MORE

1:05 PM

MARKET CHECK | All sectoral indices on the NSE trade in the red

12:57 PM

MARKET CHECK | Top gainers on the BSE at this hour

12:40 PM

MARKET UPDATE:: Sensex off day's lows, but still down 200 pts

12:38 PM

IndusInd Bank, Eicher Motors, HPCL: 10 stocks that look bearish on charts

As the Nifty slips toward its 200-day moving average (DMA) placed at 11,685 levels, several stocks have started showing weakness and this trend may get carried forward in the coming sessions if the selling pressure continues to accelerate. Although cement and FMCG stocks are looking relatively better for now, the upside seems capped at higher resistance levels. READ MORE  

12:34 PM

Shilpa Medicare slips 5% as USFDA issues Form 483 for Telangana facility

Shares of Shilpa Medicare were locked in 5 per cent lower circuit at Rs 489 -- down 9 per cent from intra-day high -- on the BSE on Wednesday after the US health regulator issued Form 483, with 15 observations for the company’s facility in Telangana. Till 12:11 pm, a combined 217,507 shares had changed hands and there were pending sell orders for 38,590 shares on the BSE and NSE. READ MORE