MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11%

All that happened in the markets today

3:38 PM

Sectoral trends at NSE at close

3:37 PM

Sensex heatmap at close

3:35 PM

Closing Bell

-- The benchmark S&P BSE Sensex closed 334 points, or 0.82 per cent, lower at 40,445.15 level. YES Bank, SBI, Tata Motors, HDFC, and IndusInd Bank were the top laggards at the 30-share index.

-- On the NSE, the Nifty50 slipped below the 11,900-mark in the intra-day trade to hit a low of 11,888.85. At close, the index was at 11,921.5 level, down 97 points, or 0.81 per cent. 

3:16 PM

Nifty Media index declines over 3%

3:03 PM

Passive funds can work if they simplify investing: Motilal Oswal AMC CEO

Actively managed equity schemes have continued to underperform passive funds for the second straight year. In an interaction with Jash Kriplani, Aashish Somaiyaa, MD and CEO of Motilal Oswal AMC, which recently launched a clutch of passive funds, shares why he sees huge scope for such products. READ MORE  

2:51 PM

Contributions to S&P BSE Sensex's fall today

2:45 PM

Nifty sectoral indices at this hour

2:44 PM

Mahindra & Mahindra nears 52-week low; stock slips 12% in one month

Shares of Mahindra & Mahindra (M&M) slipped 2 per cent to Rs 512 on the BSE on Friday and was trading close to its 52-week low level. The car & utility vehicles maker's stock is less than 2 per cent away from its 52-week low price of Rs 503, touched on August 14, in intra-day trade. In past one month, M&M has underperformed the market by falling 12 per cent as the company’s tractor sales delivered disappointing performance. READ MORE

2:32 PM

Voda Idea falls 9% after chairman says will shut in absence of govt relief

Shares of Vodafone Idea slumped 9 per cent to Rs 6.66 on the BSE on Friday after its chairman Kumar Mangalam Birla said the company will shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order. The Bombay Stock Exchange (BSE) however said, the exchange has sought clarification from Vodafone Idea about Birla's comment. The company is yet to reply. READ MORE

2:23 PM

NEWS ALERT | Vascon Engg bags order worth Rs 132.7 cr from AAI: BSE filing

Alert: AAI is Airports Authority of India

2:19 PM

NEWS ALERT | KEC International bags order worth Rs 1,025 cr: BSE filing

2:18 PM

Bond markets may face prolonged rout as RBI pauses its rate-cut spree

Traders have shied away from the long-end of the curve since July on concern the government will expand record bond sales. Sentiment toward the short-end, which closely tracks policy rates, turned negative Thursday after the central bank surprised by holding off on easing. READ MORE   

2:10 PM

MARKET CHECK | Top 5 losers on the BSE at present

2:01 PM

Market check | Nifty50 slips below 11,950

2:00 PM

Market check | Sensex off over 500 pts from day's high

1:50 PM

Fixed deposit holders of debt-laden DHFL asked to submit claims by Dec 17

Fixed deposit holders of debt-troubled Dewan Housing Finance Corporation (DHFL) have been asked to submit their FD claims to the insolvency professional by December 17.

 

The holders need to submit their FD certificate or receipt number, identity proof, and a cancelled cheque to substantiate proof of claim.

 

As of July 6, the company had public deposits worth Rs 6,188 crore. The Bombay High Court had on November 13 directed DHFL to make payments to banks and NBFCs.

1:34 PM

Market check

1:31 PM

NEWS ALERT | JB Chemicals & Pharma to buy-back 29.54 lakh shares: BSE filing

1:19 PM

Eris Lifesciences zooms 14%

1:11 PM

NEWS ALERT | Maruti to recall 63,493 petrol hybrid variants of Ciaz, Ertiga and XL-6 Models: Exchange filing

-- To recall units to rectify faults that may be potential safety defacts

1:01 PM

NEWS ALERT | Dr Reddy's Labs launches Deferasirox Film-Coated Tablets in the US Market: BSE filing

12:53 PM

PSU banks trade weak; SBI, Bank of Baroda down over 3%

Shares of public sector banks were trading lower for the second straight day, with Nifty PSU Bank index down 3 per cent on Friday, as investors booked profit on fears of weak economic growth. The index was ended 2 per cent lower on Thursday.
 

In comparison, the benchmark Nifty 50 index was down 0.43 per cent at 11,967 at 11:45 am, falling less than 1 per cent in the past two trading days. READ MORE

12:43 PM

NEWS ALERT | GST officers committee on revenue augmentation to meet on Dec 10 in New Delhi: CNBC TV18

12:43 PM

Allcargo Logistics climbs 4% after it buys nearly 45% stake in Gati

Shares of Allcargo Logistics climbed up to 4 per cent to Rs 98 on the BSE in the intra-day trade on Friday, a day after the company acquired 44.64 per cent stake in Gati. At 12:29 am, the stock was trading over 2 per cent higher at Rs 96.15 apiece on the BSE. Gati, on the other hand, slipped around 3 per cent to Rs 64. In comparison, the S&P BSE Sensex was trading 0.23 per cent lower at 40,685 levels. READ MORE

12:32 PM

Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla

Vodafone Idea will have to be closed down if the government doesn't provide relief that the company has sought, its chairman Kumar Mangalam Birla said on Friday.

 

"We will have to shut shop," Birla said on a query about the course of action for the company going ahead in the absence of government relief. READ MORE
 

12:32 PM

PSU banks trade weak; SBI, Bank of Baroda down over 3%

Shares of public sector banks were trading lower for the second straight day, with Nifty PSU Bank index down 3 per cent on Friday, as investors booked profit on fears of weak economic growth. The index was ended 2 per cent lower on Thursday. In comparison, the benchmark Nifty 50 index was down 0.43 per cent at 11,967 at 11:45 am, falling less than 1 per cent in the past two trading days. READ MORE

12:22 PM

NEWS ALERT | China to exempt some US soya bean, pork from tariffs: PTI

12:09 PM

NEWS ALERT | Cadila Health's API manufacturing unit in Gujarat receives EIR: BSE filing

-- API manufacturing facility located at Dabhasa, Gujarat receives an Establishment Inspection Report

-- The US FDA had conducted an inspection at the facility from Oct 7-11.

-- The EIR report stated that classification of the facility is No Action Indicated

12:08 PM

Mid, small-caps underperform benchmarks, Omaxe hits 20% lower circuit

Mid- and small-cap indices were trading with deep losses in the morning deals on Friday. The S&P BSE MidCap slipped nearly a per cent or 122 points to 14,733 levels while the S&P BSE SmallCap index slid 80 points or 0.59 per cent to trade at 13,375 levels. In comparison, the benchmark S&P BSE Sensex was trading around 175 points or 0.43 per cent lower at 40,605 levels. READ MORE

11:59 AM

Eris Lifesciences surges 7%, hits 5-month high in a weak market

Shares of Eris Lifesciences hit a five-month high of Rs 473, up 7 per cent on the BSE on Friday, in an otherwise range-bound market. The stock of the pharmaceutical company was trading at its highest level since July 2019. In comparison, the S&P BSE Sensex was down 0.20 per cent at 40,699 points at 11:17 am. READ MORE