MARKET WRAP: Sensex declines 268 pts, mid, small-caps take deeper cuts

Financial and metal stocks dragged the benchmark S&P BSE Sensex and broader Nifty50, 305 and 110 points lower in the intra-day trade.

3:40 PM

Sectoral losers and gainers on the NSE

3:39 PM

Top losers and gainers on the S&P BSE Sensex

3:35 PM

CLOSING BELL

The S&P BSE Sensex shed 268 points or 0.72 per cent to settle at 37,060.37 while NSE's NIFTY50 index ended at 10,919, down 98 points or 0.89 per cent. 

3:24 PM

MARKET CHECK | Tata Steel loses over 4%

3:15 PM

NDTV's Prannoy Roy, wife, former CEO booked for alleged FDI norms violation

The agency has also booked the media outlet's former CEO Vikramaditya Chandra under charges of criminal conspiracy, cheating and corruption, they said. It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions, they said. READ MORE

2:55 PM

NEWS ALERT | Revenue Secretary holds detailed discussions with banks of easing of tax compliances: CNBC TV18

2:52 PM

Fiscal stimulus a good idea but govt will be criticised for leaving fiscal prudence behind, says Piyush Goyal: CNBC TV18

-- Will continue on the path of fiscal prudence: Goyal

2:48 PM

NEWS ALERT | P&G Hygiene's June quarter results

-- Net profit up 36.4% at Rs 61 cr vs Rs 44.5 cr (YoY)

-- Revenue up 21.5% at Rs 637.3 cr (YoY)

-- Ebitda down 22.8% at Rs 64.8 cr (YoY)

-- EBITDA Margin at 10.2% vs 16% (YoY)

2:40 PM

NEWS ALERT | Govt looking to fast-track new FTA agreement: Piyush Goyal

-- Seen a lot of 'muck' and irregularities coming out to the fore in the last 5 years

-- Working on bringing back the mojo in the economy

2:32 PM

Contributions to S&P BSE Sensex's fall today

2:20 PM

Stocks that hit 52-week low on the BSE

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ALLAHABAD BANK	32.35	32.05	-2.50	-7.17
ANDHRA BANK	18.30	18.15	-0.65	-3.43
ASAHI INDIA GLAS	182.30	178.20	-2.95	-1.59
B H E L	48.35	47.45	-1.60	-3.20
BANK OF INDIA	64.75	64.30	-1.85	-2.78

2:12 PM

Grasim Industries down over 4%

2:09 PM

NEWS ALERT | ITC said to consider bid for stake in Coffee Day: CNBC TV18

1:53 PM

Tata Motors extends loss, down over 9% now

1:51 PM

Indiabulls Housing Finance slips over 4%

1:48 PM

MARKET CHECK | S&P BSE Midcap index slips 1%

1:34 PM

PVR, TVToday, DEN Networks: Media stocks that can do well in the near-term

PVR is trading above the 200-weekly moving average (WMA) since 2012. It corrected in 2018, but has seen buying around its 200-WMA. Although the stock is trading above the 200-WMA placed at Rs 1,238 levels, one can look for opportunities considering this as a support level.  CLICK TO READ FULL REPORT

1:26 PM

Parle may cut up to 10,000 jobs, slash production as slowdown bites

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people, Mayank Shah, category head at Parle, said in a telephone interview from Mumbai. READ MORE

1:23 PM

MARKET CHECK | Realty stocks slip in trade

1:12 PM

Nestlé India likely to be included in Nifty: ICICI Securities

• Nestlé India is likely to be included in the Nifty from the October series. The announcement for the same from the NSE is expected to be made sometime in the coming sessions;
• In a new announcement from NSE, stocks which are permitted to trade in NSE platform but are not listed in NSE will also be considered for inclusion in the indices;
• Considering the above parameter, along with the other considerations, Nestlé India is most likely to replace Indiabulls Housing Finance from the Nifty 50 stocks. Nestlé is likely to have a weightage of near 1.0% in Nifty after inclusion.

1:07 PM

Jet Airways case | Costs of Dutch Administrator should be borne by CoC: NCLAT observes

-- CoC stands for committee of creditors

1:05 PM

MARKET CHECK | Coal India trades near day's low

12:53 PM

NEWS ALERT | Kajaria Ceramics' board to consider merging Kajaria tiles with Co, on August 26: CNBC TV18

12:47 PM

NEWS ALERT | Vedanta evaluating fundraising options for capex in oil and gas biz: CNBC TV18

12:45 PM

Nifty PSU Bank index is trading 2% lower

12:39 PM

Nestle India, Trent, GSK Consumer hit fresh highs in weak market

Shares of Nestle India, GlaxoSmithKline (GSK) Consumer Healthcare, and Trent hit their respective new highs on the BSE in intra-day trade on Wednesday in an otherwise weak market. In comparison, the S&P BSE Sensex was down 0.46 per cent at 37,157 points at 12:08 pm. Nestle India gained 4 per cent to Rs 12,397, and surpassed its previous high of Rs 12,266, recorded on August 9. READ MORE

12:31 PM

BHEL slumps over 3%, trades at day's low

12:29 PM

Reliance Securities on Consumer sector

The companies in the consumer sector reported mid-single digit volume growth in 1QFY20. Demand environment remained subdued for the second consecutive quarter, while the management commentaries continued to remain cautious for the near-term. Most consumer companies reported strong operating performance. We believe the ongoing phase of moderation in growth (not slowdown as widely feared) is temporary, as we expect the demand to revive in the coming quarters with the beginning of festive season.

Our top pick: HUL.

12:20 PM

Rupee can depreciate another 4% against the USD by 2019-end

The rupee appears to be moving down quite sharply since 31 July, which was when the US Federal Reserve announced a rate cut even though our forex reserves have been increasing ($430 billion for the week ended August 9, as against $411.9 billion at the start of the financial year). READ MORE

12:13 PM

Market check