MARKET WRAP: Sensex loses 80 pts, Nifty ends at 10,848; bank stocks slip

All that happened in markets today

4:02 PM

TECH VIEW :: Rohit Singre, senior technical analyst, LKP Securities

Nifty has support near 10,800-10,745 levels. Staying above them can see some swift move towards 10,900-10,960, which are the immediate resistance levels for the index. Nifty Bank closed at 26,920 with loss of 204 points and has formed a 'bearish candle' on the daily chart. The support for index is around 26,700-26,500 levels and it faces resistance at 27,150-27,400 levels

3:45 PM

Auto stocks gain on GST rate cut hope

3:44 PM

Sensex heat map

3:43 PM

ICICI Bank among key losers today

3:42 PM

Nifty Realty ends nearly 2% lower; stocks mixed

3:41 PM

Market snapshot

3:35 PM

CLOSING BELL

The S&P BSE Sensex lost 80 points or 0.22 per cent to settle at 36,644 while NSE's Nifty50 index ended at 10,848, up 3 points or 0.03 per cent. 

3:18 PM

NEWS ALERT | FM Nirmala Sitharaman to hold press conference on Friday around 7.30/8 pm: CNBC-TV18

2:55 PM

Consumer durable stocks gain

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
BHARAT ELECTRON	107.65	109.50	106.20	1.10	1.03
VIDEOCON INDS.	1.30	1.35	1.23	0.01	0.78
PG ELECTRO.	45.50	47.00	43.80	1.20	2.71
BPL	16.70	17.20	15.45	1.30	8.44
INFLAME APPLIAN.	133.00	135.00	130.00	15.00	12.71
MIRC ELECTRONICS	12.42	12.75	11.70	0.22	1.80
ACRYSIL	99.45	100.00	97.15	0.60	0.61
SUJANA UNIV. IND	0.19	0.19	0.19	0.00	0.00
SHARP INDIA	14.50	15.95	14.50	-0.75	-4.92
GENUS POWER	21.20	21.55	21.20	-0.20	-0.93

2:45 PM

Stocks that hit 52-week low on BSE500

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ASHOKA BUILDCON	93.15	92.40	-0.90	-0.96
CANARA BANK	192.00	190.35	-0.95	-0.49
MAGMA FINCORP	57.75	56.40	-1.30	-2.20
REL. COMM.	0.76	0.76	-0.03	-3.80

2:36 PM

Shankara Building Products surges 14%

2:29 PM

Web Exclusive | Asian Paints to Infosys: 70 stocks that surged up to 40% since Budget 2019

Among the outperformers, most of the pharmaceutical firms, paint companies, and information technology companies have defied the fall in the market. Consider this: In the past three months, Godfrey Phillips, Zydus Wellness, Reliance Nippon Life Asset Management, HDFC AMC, Sun Pharma Advanced Research Company and Hathway Cable and Datacom have surged between 20 – 41 per cent. READ MORE

2:26 PM

NEWS ALERT | Cochin Shipyard receives LoA from Kochi Metro Rail for building 23 boats

2:20 PM

MARKET CHECK | Top losers on the BSE at this hour

2:05 PM

BUZZING STOCK:: Dish TV zooms 10%

1:51 PM

Auto stocks gain as reports say govt may cut GST rate; Tata Motors rises 6%

Auto stocks rallied in the afternoon session on Thursday after Transport Minister Nitin Gadkari said the government was considering a cut in the goods and services tax (GST) rate on hybrid vehicle. The government’s plan comes at a time when the auto sector is grappling with a steep drop in sales due to weak consumer demand, with several top automakers and component manufacuturers cutting production and laying off employees. READ MORE

1:40 PM

NEWS ALERT | Tata Motors Jaguar UK August sales down 15.5% at 1,049 units on a YoY basis

-- JLR UK sales down 20.8% at 2,726 units YoY

1:25 PM

European markets update

European shares extended their rally on Thursday, after China said it would hold trade talks with the United States, raising hopes that the two sides will make progress on a dispute that has put major economies at a risk of recession.

China’s Commerce Ministry said its trade team will consult with their U.S. counterparts in mid-September in preparation for negotiations in early October, and both sides agreed to take actions to create favorable conditions.

The pan-European STOXX 600 index rose 0.63 per cent to touch its highest level since Aug. 1, after rallying 0.9 per cent in the previous session. France's CAC 40 index .FCHI jumped 0.79 per cent to hit a more than one-month high, outperforming major European bourses, helped by a 6 per cent rise in shares of engine maker Safran (SAF.PA) after the company raised its full-year profit forecasts.

(Reuters)

1:19 PM

No intention to ban petrol, diesel vehicles: Gadkari tells auto industry

Minister of Road Transport and Highways Nitin Gadkari on Thursday said that the government has no intention to ban petrol and diesel vehicles. "There were discussions and the ministry had received suggestions that petrol-diesel vehicles should be banned. I would like to clarify that the government does not intend to ban petrol and diesel vehicles. We are not going to do anything like that," Gadkari said addressing a gathering at the Society of Indian Automobile Manufacturers (SIAM) annual convention, 2019. READ MORE

1:08 PM

Nifty sectoral indices at this hour

12:57 PM

NEWS ALERT | Dr Reddy's Laboratories launches Bupropion Hydrochloride Extended-Release Tablets, USP (SR) in the US Market

12:47 PM

OMCs gain

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)
I O C L	124.80	129.10	120.85	4.45	3.70	11.88
H P C L	265.65	274.90	255.40	8.60	3.35	10.71
RELIANCE INDS.	1201.85	1213.75	1195.20	0.30	0.02	45.21
M R P L	47.65	49.60	45.60	2.40	5.30	0.35
NAGAR.OIL REFIN.	0.22	0.22	0.20	0.01	4.76	0.00
C P C L	191.65	197.35	187.90	5.45	2.93	0.23

12:32 PM

Contributions to S&P BSE Sensex's fall today

12:21 PM

Continued remunerative ethanol prices a positive for sugar industry: ICRA

"With ethanol contributing nearly 10-15% of the sugar mills’ turnover for integrated sugar mills, remunerative ethanol prices are expected to encourage sugar mills to enhance the supply of ethanol for blending, thereby supporting their revenues, profitability and improving their ability to pay sugarcane farmers," says Sabyasachi Majumdar, Senior Vice President & Group Head – Corporate Sector Ratings, ICRA.  

12:20 PM

EXPERT COMMENT | Reliance Securities' views on state-run stocks

PSU companies have seen consistent declines because of lot of supply from the government. However, the government’s current stance of not willing to sell at distress valuations is a significant positive and that has been the reason for the interest in state-run stocks.

12:13 PM

Maruti Suzuki India off day's low

11:59 AM

Sensex slips into red

11:58 AM

NEWS ALERT | Bajaj Finance is said to pick banks for $1 bn share sale: Reports

11:35 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
LAK. VILAS BANK	39.80	0.45	1.14	8421619
YES BANK	60.30	0.85	1.43	4738749
VODAFONE IDEA	5.12	0.10	1.99	2877400
RELIANCE CAPITAL	34.30	0.15	0.44	1886444
TATA MOTORS	115.40	5.90	5.39	1864565

11:25 AM

Bharat Forge gains 3% on reports August US class 8 truck sales rise 6% MoM

Shares of auto-component suppliers like Bharat Forge, GNX Axles, and Ramkrishna Forgings were trading higher on the NSE in the morning deals on Thursday after US data showed increase in North America class 8 truck orders. Bharat Forge, which is the main supplier of US class 8 trucks in India, rallied up to 3.3 per cent to trade at Rs 394.8 apiece. READ MORE