MARKET WRAP: Sensex tanks 793 points; Nifty holds 11,550; India VIX up 7%

On Monday, the benchmark S&P BSE Sensex and the broader Nifty50 registered their biggest single-day-fall in four years. In two days, investors have lost Rs 4.95 trillion market capitalization.

4:22 PM

Market closing comment | HDFC Securities

The Nifty witnessed a sharp follow-through weakness today, the area of 11,600-11,425 levels is going to be a crucial support
 

The Nifty witnessed a sharp follow-through weakness today and closed the day lower. A long bear candle was formed today with gap down opening.

 

Technically, this pattern indicates a sharp downward reversal in the market. The Nifty is currently placed near the upper area of previous opening upside gap of 20th May at 11591 levels. Further weakness from here is likely to fill this gap around 11426 levels.

 

Hence, the area of 11,600-11,425 levels is going to be a crucial support zone for the market, and one may expect current downtrend to halt around these area.

3:46 PM

Sectoral trends on NSE at close

3:46 PM

Top gainers and losers on S&P BSE Sensex

3:45 PM

Market at close

3:44 PM

Market at close

3:29 PM

Ujjivan Financial Services dips over 6%

3:18 PM

Jindal Stainless Ltd slips over 4% in trade

3:18 PM

NEWS ALERT | SREI Infra makes interest payment on NCDs due July 8

3:05 PM

Piramal Ent slips 4%

3:01 PM

3:00 PM

Alkem Labs holds gains

2:44 PM

STOCK ALERT | Bajaj Finserv tanks 10%, set to register biggest 1-day fall ever

2:40 PM

IATA suspends Cox & Kings licence to sell airline tickets

-- Will continue selling tickets on "cash and carry" basis

2:38 PM

MARKET ALERT | Sensex falls up to 908 pts, biggest one-day fall in four years

2:27 PM

Heatmap: S&P BSE Sensex

2:26 PM

NEWS ALERT | Hope rains in the next 2 weeks will compensate for monsoon deficit: Met Dept

2:23 PM

Sensex tanks over 850 pts

2:01 PM

TCS Q1 results preview: Margin to take a hit; BFSI demand key monitorable

Tata Consultancy Services (TCS) is slated to announce its financial results for the first quarter (April-June) of the fiscal year 2019-20 (Q1FY20) on Tuesday. While the IT firm is likely to fare better than its peers, it is likely to take a hit on the margin front owing to wage hikes, high attrition, visa costs, and a strong rupee. READ FULL ARTICLE

TCS | Photo: Shutterstock

1:47 PM

STOCK ALERT | Maruti's share price slips below Rs 6,000/sh for the 1st time since March 30, 2017

1:43 PM

NEWS ALERT | Examining FPIs' concern on tax surcharge, says Pramod Chandra Mody, CBDT chairman

-- As reported by CNBC TV18

1:35 PM

Market check

-- Sensex at 38,797 levels, down 716 points or 1.81%

-- Nifty50 at 11,589 levels, down 222 points or 1.88% 

1:31 PM

Bajaj Finance records sharpest intra-day fall in over five months, tanks 8%

Shares of Bajaj Finance slipped 8 per cent to Rs 3,405, its sharpest intra-day fall in over five months on the BSE on slowdown concerns. The stock posted its biggest fall since January 28, when it tanked 9 per cent in intra-day deal. The non-banking finance company's stock had consistently outpaced the market in past more than seven years. READ MORE

1:21 PM

Goa Carbon Q1FY20 result

-- Revenue up 11.4% at Rs 139 crore YoY

-- Net loss of Rs 5 cr against profit of Rs 7.4 cr YoY

-- EBITDA loss at Rs 2.3 cr against EBITDA of Rs 14.6 cr YoY

1:17 PM

NEWS ALERT| No increase in surcharge for Co, LLP, firms and co-operatives: govt sources to CNBC TV18

-- Surcharge only on individuals, HUF, BOI, AJP, AOP

-- FPIs falling in above category will be covered under higher surcharge

Alert: LLP is Limited Liability Partnership

         BOI is Body of Individuals

        AJP is Artificial Judicial Persons
   
        AOP is Association of Persons

1:15 PM

European indices trade lower

1:12 PM

Market check

1:11 PM

Market check

1:08 PM

US Fed cut may prompt China to lower its policy rate in 4 years: Report

China's central bank could cut its benchmark policy rate for the first time in four years if the US Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. Market watchers, however, believe the People's Bank of China (PBOC) is more likely to follow any US rate cut by lowering its key short-term money market rates. READ MORE

1:03 PM

Budget proposals bring in some incremental comfort, says Abhinav Khanna

Despite the sharp run up seen in the domestic markets, which was mostly aided by foreign flows, ABHINAV KHANNA, head of equity at Citi India tells Puneet Wadhwa that foreign investors remain constructive on India from a medium-to-long term perspective and the Budget proposals are likely to reinforce this view.

However, the absence of an immediate growth stimulus or any major ‘pump-priming’ in the Budget proposals, he says, has disappointed growth-oriented investors. READ FULL INTERVIEW HERE

1:00 PM

NEWS ALERT | Will look into the surcharge issue related to FPIs & examine concerns: Govt sources tell CNBC TV18