MARKET WRAP: Sensex slumps 470 pts, Nifty ends at 10,705; YES Bank dips 16%

All that happened in markets today.

3:55 PM

SECTOR WATCH | All sectoral indices on the NSE decline

3:54 PM

MARKET AT CLOSE | Only 4 stocks in the Sensex pack advance

3:48 PM

CLOSING BELL

The S&P BSE Sensex lost 470 points or 1.29 per cent to end at 36,093.47 while NSE's Nifty ended at 10,705, up 136 points or 1.25 per cent. 

3:26 PM

NEWS ALERT | P Chidambaram's judicial custody extended till October 3

3:20 PM

NEWS ALERT | Govt likely to miss FY20 direct tax and GST target: CNBC-TV18

3:11 PM

YES BANK hits 6-year low

- The stock traded at its lowest level since September 5, 2013, when it touched Rs 49.50 in intra-day trade

3:04 PM

MARKET CHECK | HDFC Bank firm after stock trades ex-date for stock split

3:00 PM

IIFL Wealth hits 5% upper circuit; IIFL Securities to make debut tomorrow

Shares of IIFL Wealth Management, the demerged entity of IIFL Holding, were locked in the upper circuit band of 5 per cent at Rs 1,271 on debut on the National Stock Exchange (NSE) on Thursday. On the BSE too, the stock was frozen at 5 per cent upper circuit at Rs 1,260, after opening at Rs 1,200. Till 02:18 pm, a combined 1.8 million equity shares changed hands and there were pending buy orders for 1.9 million shares on the NSE and BSE. READ MORE

2:57 PM

NEWS ALERT | Reliance Nippon AMC promoter releases pledge on 4.3% stake on Sept 10: CNBC TV18

2:53 PM

MARKET ALERT | Sensex breaches 36,000-mark; hits intra-day low of 35,987.8

2:49 PM

NEWS ALERT | Coffee Day lender invokes pledge on 4.95% equity from Sept 9-11: CNBC TV18

2:42 PM

Indiabulls Housing Finance tanks over 7%

2:42 PM

Market check | Sensex slumps over 500 pts

2:40 PM

MARKET ALERT | Nifty50 below 10,700 for the first time since Aug 23

2:32 PM

Endurance Tech under pressure

2:21 PM

Wockhardt at day's low. down over 4%

2:17 PM

NEWS ALERT | IDBI Bank appoints Samuel Joseph as Deputy MD For 3 years with immediate effect: BSE Filing

2:11 PM

The slowdown is for real and will not go away quickly: JSW Energy

After a 1.6 per cent decline in India's power demand in August, Prashant Jain, joint managing director and chief executive officer (CEO), JSW Energy, said demand in September so far has been weak. In an interview with Amritha Pillay, Jain said he was hopeful the annual power demand growth would be at 4 to 5 per cent fuelled by rural electrification, urbanisation and low-cost housing.  READ FULL INTERVIEW HERE

Prashant Jain, Joint managing director and chief executive officer, JSW Energy

2:03 PM

Tata Steel extends loss, now down over 4%

2:03 PM

Market check | Nifty50 trades below 10,690

2:02 PM

Market check | Sensex tumbles 480 pts

1:54 PM

BSE500 stocks that hit 52-week low today

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
CANARA BANK	189.00	187.70	-7.20	-3.67
CORPORATION BANK	16.45	16.45	-0.15	-0.90
EVEREADY INDS.	49.40	49.40	-2.55	-4.91
INDIABULLS HOUS.	393.75	384.10	-25.40	-6.06
INDIAN BANK	154.75	153.50	-4.10	-2.58

1:47 PM

Global Markets check

Asian shares extended declines on Thursday after the U.S. Federal Reserve signaled a higher bar to further easings, while the Bank of Japan also held off from offering more stimulus as some had hoped.

The Fed cut rates for the second time this year as global growth risks intensified, forcing policymakers around the world to step up efforts to stimulate their economies. Earlier in the day, the BOJ kept policy steady as expected, though there were some expectations the Japanese central bank would ramp up its already massive stimulus.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent. Hong Kong shares shed 1.36 per cent, but Japan’s Nikkei rose 0.43 per cent.

 

The pan-region Euro Stoxx 50 futures were down 0.06 per cent, German DAX futures off 0.1 per cent, and FTSE futures lost 0.27 per cent.

1:42 PM

Sharp surge in Dynamatic Tech

1:42 PM

Sharekhan on HCL Technologies

Reco: BUY

 

Target Price: Rs 1,250

 

HCL Tech is expected to deliver strong organic growth among large peers in FY2020E, led by robust organic growth (14% y-o-y CC) in Q1FY2020, large addressable opportunity in IMS, and strong growth in Engineering R&D Services (ERS) business. Further, investments in digital technology would help the company build digital competencies, which would provide a sustainable growth momentum going forward. However, we believe aggressive capital allocation towards the product business remains a risk to its business model and integration of recent acquisitions remains the primary focus area. At the CMP, the stock trades at 13x/12x its FY2020E/FY2021E earnings estimates, which looks attractive and is at a discount to peers despite better revenue growth. We maintain our Buy rating on the stock with an unchanged PT of Rs 1,250.

1:35 PM

NEWS ALERT | Promoters of JSW Steel release pledge on 5 crore (2.1% equity) shares from Sept 12-13: CNBC TV18

1:27 PM

NEWS ALERT | Will launch first car based on new EV technology - the Ziptron, in Q4FY20: Tata Motors

(reports CNBC TV18)

1:20 PM

Zee Entertainment tanks 8% as Chandra asked not to sell unpledged shares

Shares of Zee Entertainment Enterprises (ZEE) slipped 8 per cent to Rs 307 on the BSE on Thursday after promoter Subhash Chandra was asked by a court to not sell his unpledged stake in the company till next month. The stock hit one month low and was trading close to its 52-week low of Rs 289 touched on January 25 this year. READ MORE

1:12 PM

Motilal Oswal's PE arm exits Kolte Patil Developers with 23 % IRR

Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, has exited from an investment in Kolte Patil Developers.

 

MORE had invested Rs 58 crore through its funds IREF II and IREF III in December 2015 by taking an equity stake in a project and has now exited with an IRR of more than 23 per cent. READ MORE

1:03 PM

NEWS ALERT | CII submits suggestions to Govt on ban of single-use plastics

-- Ban has created existential issue for multiple sectors

-- Banning sachets would lead to unavailability of various daily-use products

-- R&D costs and capex needed would make products expensive for consumers

(Via CNBC TV18)