Indices snap 4-day losing streak, Sensex up 86 pts; Jet Airways tanks 40%

All that happened in the markets today

4:06 PM

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

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ALEMBIC PHARMA	480.10	478.00	-9.45	-1.93
AMARA RAJA BATT.	602.30	594.60	0.85	0.14
BALKRISHNA INDS	738.75	727.05	-15.60	-2.07
BAYER CROP SCI.	3325.00	3325.00	-92.15	-2.70
BHARAT FORGE	439.35	437.20	-2.75	-0.62

4:06 PM

Heatmap: S&P BSE Sensex

4:04 PM

Market at close

3:49 PM

Market at close

The S&P BSE Sensex ended at 39,046, up/ 86 points while the broader Nifty50 index settled at 11,692, up 19 points.

3:12 PM

DHFL extends loss to 15%

3:09 PM

YES Bank nears 5-year low; slips 20% in four days after UBS' downgrade

Shares of YES Bank hit nearly five-year low of Rs 107, down 8 per cent on the BSE on Tuesday, falling 20 per cent in the past four days after global brokerage firm UBS cut the target price to Rs 90 from Rs 170. The stock of the private sector lender was trading at its lowest level since August 12, 2014. The foreign brokerage firm has maintained ‘sell’ rating on the stock saying sharp turnaround is less likely to fructify. It expects 255/200 basis points (bps) credit costs in FY20/21, higher than management guidance of 125 bps. NPL (non-performing loan) risks seem higher than current expectation, it said. READ MORE

3:03 PM

15% downside to RIL's earnings estimate, IMO 2020 key risk: JPMorgan

The analysts added a 12% to 20% tariff hike could help offset the core business. "Though there are no signs of tariffs moving higher anytime soon," they said. In addition, the brokerage expects the downside risk to be lower at 9 per cent, if refining margins rebound. READ MORE

2:47 PM

NEWS ALERT | VA Tech bags order worth Rs 1,477 cr for Clean Ganga project

2:46 PM

NEWS ALERT | Canara Bank to raise Rs 6000 crore during the FY20

- Amount up to Rs 3000 cr to be raised through additional Tier I Basel III compliant perpetual bonds and another Rs 3000 cr via Tier II Basel III compliant bonds

(Source: BSE filing)

2:44 PM

EXPERT COMMENT | HDFC AMC and its deal with Essel by Umesh Mehta, HoR, SAMCO Securities

HDFC AMC fell over 6% intraday as it offered exit to some investors of FMPs by transferring their Rs 500 Crs exposure on to its own books. This was a sentimentally bold move by HDFC AMC as investors were worried about their investments in the midst of this liquidity crises. However, investors should be aware that this is a one-off deal inked with Essel and there is always an implied risk with investments where the fund cannot always be the white-knight. However, HDFC AMC has taken a big risk as they have set a trend of assuming credit risks which could turn out to be dangerous in the long term, as this will set expectations for such bailouts in the future which is bad for the investors of HDFC AMC. Whether this event becomes a trendsetter for others too, only time will tell but the debt implosion situation is spreading like wild fire. Investors can take this as a red signal in listed AMC businesses for the moment but later after a decent correction can consider investing.

2:40 PM

NEWS ALERT | Canara Bank board approves raising Rs 6000 cr via various means during FY20

- Amount would include premium and would be raised by way of Qualified Institutional Placements(QIP)/Rights Issue/ESPS/ Private Placement/

Preferential allotment /any other approved means.

(Source: BSE filing)

2:35 PM

Stock Alert | DHFL is trading at day's low

2:34 PM

NEWS ALERT | May Aviation Data :: Air India's market share dips marginally from 13.9% to 13.5% MoM

2:31 PM

NEWS ALERT | May Aviation Data :: SpiceJet increases market share to 14.8%, up from 13.1% (MoM)

2:29 PM

NEWS ALERT | May Aviation Data :: IndiGo retains highest market share at 49%

- It was 49.9% in April 2019

2:26 PM

AAVAS Financiers hits fresh record high; stock zooms 132% in 7 months

Shares of the affordable housing finance company AAVAS Financiers hit a new high of Rs 1,559 apice, up 7 per cent, in intra-day trade on the BSE on Tuesday.It was trading at its highest level since its market debut on October 8, 2018. The scrip has zoomed 132 per cent in the past seven months, lifted by strong earnings. In comparison, the S&P BSE Sensex has rallied 10 per cent. READ MORE

2:18 PM

NEWS ALERT | Ashok Chawla, Sharad Kumar resign as independent directors of Jet Airways: CNBC TV18

2:11 PM

NEWS ALERT | May Aviation data: Domestic passenger growth at 2.96% YoY

2:01 PM

MARKET CHECK

1:52 PM

Reliance Infra dips 12%

1:42 PM

Stock check | Jet Airways erases market cap of Rs 2,800 cr in six months

1:38 PM

Stock check | Jet Airways falls 87% year-to-date, 76% this month

1:37 PM

Stock check | Market cap of Jet Airways falls below Rs 400 cr from Rs 10,000 cr in Jan 2018

1:20 PM

Jet Airways extends losses, tumbles 50%

1:18 PM

Star Cement surges 13% as board mulls share buyback

Shares of Star Cement rallied 13 per cent to Rs 132 on the BSE in the intra-day trade on Tuesday after the company announced its board will meet on Friday, June 21, to consider share buyback proposal. “The meeting of the board of directors of the Company is scheduled on 21/06/2019, to consider and approve a proposal for buy-back of the Company's equity shares, constitution of buy- back committee and appointment of intermediaries in accordance with applicable provisions of laws,” Star Cement said in a regulatory filing. READ MORE

1:04 PM

NEWS ALERT | Mishra Dhatu signs MoU with Hindustan Antibiotics

- To synergise manufacturing of biomedical implant

12:55 PM

OMCs trade higher

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
RELIANCE INDS.	1280.80	1287.60	1269.30	-0.70	-0.05
I O C L	157.35	157.50	153.90	1.75	1.12
O N G C	165.20	165.55	163.30	0.55	0.33
H P C L	302.65	303.40	295.30	7.85	2.66
INDRAPRASTHA GAS	341.35	342.35	335.10	8.05	2.42
B P C L	384.30	385.05	376.50	6.90	1.83
GAIL (INDIA)	308.10	308.40	304.25	2.20	0.72
PETRONET LNG	230.00	241.40	226.15	1.40	0.61
OIL INDIA	173.45	174.65	171.55	-0.90	-0.52
CASTROL INDIA	140.75	141.95	140.45	0.35	0.25

12:43 PM

Indiabulls Housing Fin trading near day's low

12:39 PM

Jet Airways slips 35% in trade

12:38 PM

Market check | Sensex at day's high