MARKET WRAP: Sensex loses 167 pts, Nifty ends at 11,512; metals, realty dip

All that happened in markets today.

3:47 PM

Maruti cuts Baleno price; stock skids over 1%

3:46 PM

Metal stocks lose sheen

3:44 PM

Index watch

3:43 PM

Top contributors to Sensex's fall

3:39 PM

Sensex heat map

3:38 PM

Indiabulls Real Estate hits over 3-year low; Indiabulls Ventures tank 19%

Shares of Indiabulls Group were under pressure on Friday, falling by up to 19 per cent on the BSE on report that the Delhi High Court (HC) has issued notices to Indiabulls Housing Finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) & the Ministry of Corporate Affairs (MCA) READ MORE HERE

3:36 PM

CLOSING BELL

The S&P BSE Sensex lost 167 points or 0.43 per cent to end at 38,823 while NSE's Nifty50 index closed at 11,512.40, down 59 points or 0.51 per cent. 

3:07 PM

NEWS ALERT | Daimler India Commercial Vehicles halts production at Oragadam plant: sources to CNBC TV18

-- Production halted due to tepid demand & high inventory of BS-IV vehicles

-- Co asks 1,500 employees not to come to work

-- Shutdown between Sept 25- Oct 7

-- 3 days' worth of paid/earned leaves revoked for all employees

-- Daimler tells CNBC TV18, 3 non production days in Sept, and 6 in Oct

Alert: Daimler India CV recorded sale of 3.78 lakh trucks in 2018 & sold only 1.94 lakh trucks between Jan-Aug 2019

3:02 PM

NEWS ALERT | Cox & Kings starts assets sale proceedings to pare debt: sources to CNBC TV18

-- Co needs funds for working capital needs

-- Sale to raise Rs 50,000 cr

-- Travel & leisure, visa processing, UK business on the block

3:01 PM

Market check | Sharp fall in Sensex

2:51 PM

NEWS ALERT | Delhi HC issues notice to Indiabulls Housing, RBI, SEBI & MCA

- Delhi HC to next hear the case on December 13; 

- PIL against co alleging round-tripping funds of company deserves to be heard: Delhi HC 

2:39 PM

MARKET CHECK | Here's how fixed income indices are performing today

2:27 PM

MARKET CHECK | Top 5 gainers on the BSE at present

2:15 PM

Edelweiss Securities on Century Plyboards

We like Century Plyboards (CPBI) due to its integrated business model and leadership in the wood panels industry. It will be key beneficiary of the shift in demand from unorganised to organised led by its strong initiatives in branding and widening distribution reach. Maintain ‘BUY’ with a TP of Rs 211 based on 20x September 2021E EPS. The stock is trading at an attractive 17x FY20E and 13x FY21E EPS. 

2:09 PM

MARKET CHECK | Sequent Scientific bleeds 15%

2:04 PM

Bajaj Finance hits new high, surges 10% in one week

With a 10 per cent rally this week, Bajaj Finance has outperformed the market thus far in the current calendar year 2019 (CY19) by surging 54 per cent, as compared to an eight per cent gain in the Sensex. READ MORE  

1:57 PM

NEWS ALERT | Blueprint being prepared for asset monetisation for 55 PSUs: sources to CNBC TV18

1:52 PM

NEWS ALERT | Passenger vehicle inquiries, registrations have gone up in past 4-5 days: FADA, reports CNBC TV18

1:46 PM

Market check | Sensex recovers

1:40 PM

IRCTC IPO opens Monday. Here's why analysts suggest subscribing to it

Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing, tourism and the catering arm of railways, is scheduled to launch its initial public offering (IPO) on Monday (September 30). The IPO is part of the government's ambitious disinvestment programme that targets raising Rs 1.05 trillion via this route in financial year 2019-20 (FY20). READ MORE  

1:28 PM

Market check

1:17 PM

Buzzing | Eicher Motors recovers; up more than 3% from day's low

1:07 PM

NEWS ALERT | Maruti cuts prices of Baleno RS by Rs 1 lakh: BSE filing

1:06 PM

PIMCO cautions against equity exposure amid global economic slowdown fear

As their base-case, PIMCO expects global gross domestic product (GDP) growth to slow further over the next several quarters and enter a ‘window of weakness’ as ongoing trade tensions and heightened political uncertainty in multiple jurisdictions continue to act as a drag on trade, manufacturing activity and business investment. It pegs the global growth between 2 – 2.5 per cent in 2020, slowing from the 2.7 per cent forecasted for 2019 and 3.4 per cent in 2018. READ REPORT HERE

12:57 PM

Market check | Mid-cap index trades 0.02 per cent higher in a weak market

12:48 PM

NEWS ALERT | Banks can lend to traders up to Rs 1 cr: Govt official to CNBC TV18

-- To lend based on track record of GST tax payment for past 6 months

-- Banks to launch easy loan scheme for traders, SME & small co-operative societies

-- Some PSU banks to soon launch a pilot scheme

-- Max return on investment under the scheme for traders will be RBRL+2.5%

12:44 PM

Govt might seek extension of ECB to boost NBFC credit in economy

The government may ask the Reserve Bank of India (RBI) to allow co-origination of loans for deposit-taking non-banking finance companies (NBFCs) as well in a bid to boost credit in economy. Currently, the RBI has in place guidelines on co-orgination of loans by banks and non-deposit-taking NBFCs in the priority sector.

 

Further, the government may also put forward demand by lenders to allow external commercial borrowing (ECB) for all housing projects. READ MORE

12:34 PM

Effective tax rates applicable to Indian firms still among the highest

The recent cut in the corporation tax rates may ease the burden on corporates. But more steps are required for making the country globally competitive from the perspective of corporation tax.

 

Effective tax rates applicable to companies in India are still among the highest if one includes taxation on dividends and other means of returning surplus cash to promoters and shareholders. READ REPORT HERE

12:19 PM

NEWS ALERT | NTPC’s unit 1 of 800 MW of Lara Super Thermal Power Station begins commercial production: BSE filing

-- Commercial capacity of Lara Super Thermal Power Station, NTPC & NTPC group will become 800 MW, 47325 MW & 55786 MW respectively

12:09 PM

Procter & Gamble Hygiene trades 3% higher