MARKET WRAP: Sensex slips 68 pts on profit-booking; Bharti Airtel down 4%

All that happened in markets today.

3:43 PM

Nifty snapshot

Broad-based sell-off

3:42 PM

Sensex heat map

Bank stocks among key gainers; Bharti Airtel slips over 4%

3:41 PM

Index watch

3:36 PM

CLOSING BELL

The S&P BSE Sensex lost 68 points or 0.17 per cent to end at 40,821 while NSE's Nifty50 index ended at 12,038, down 36 points or 0.30 per cent.

3:27 PM

MARKET CHECK | Around 1.15% equity of ICICI Bank changes hand

3:19 PM

MARKET CHECK | Bhati Infratel plunges 7%

3:07 PM

Buzzing | Jubilant Foodworks hits record high

-- Stock up 31% in 2019 with market cap now exceeding Rs 21,000 cr 

-- Stock has gained 15% since results on 22nd October after Dominoes posted store sales growth of 4.9%
 

3:04 PM

US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant

Pharmaceutical firm Ipca Laboratories on Tuesday said the US health regulator has found its manufacturing unit in Silvassa, Gujarat, non-compliant with the current good manufacturing practices.

 

However, the company said that since this manufacturing facility is already under USFDA import alert and presently not doing any US business, this will have no impact on company's current on-going business activities. READ MORE

2:46 PM

Aavas Financiers hits new high, zooms 116% thus far in 2019

Shares of Aavas Financiers hit a new all-time high of Rs 1,840, up 8 per cent on the BSE on Tuesday, thus zooming more than 100 per cent so far in the calendar year 2019 (CY19), on the back of strong financial performance and sustained buying by foreign portfolio investors (FPIs).
 

Share price of the company has surged 116 per cent from Rs 851 on the BSE. Aavas Financiers is the fourth most value creators among the S&P BSE 500 index in CY19. In comparison, the benchmark S&P BSE Sensex has gained 13 per cent during the same period. READ MORE

2:39 PM

Market check | Sudden decline in markets

2:38 PM

NEWS ALERT | Devendra Fadnavis to address media at 3.30 pm

2:29 PM

Market check

2:28 PM

Market check

2:22 PM

Castrol India slides 4%

2:10 PM

BUZZING STOCK:: Gujarat Gas up 5%

2:07 PM

India Must Clean Up or Clear Out Dodgy Brokers

More than $200 billion in bad loans tumbled out when banks were made to open their attics to the regulatory broom four years ago. That cleanup isn’t over, and already it’s the stockbrokers’ turn. Who knows what will emerge?

 

Investors are waiting to find out after the Securities and Exchange Board of India, or Sebi, banned Karvy Stock Broking Ltd., a middleman for nearly 250,000 clients, from taking on new customers. The regulator said in its interim order that the broker may have helped itself to investors’ money and securities and diverted as much as $150 million to its real-estate business. READ MORE

1:58 PM

Stocks that hit 52-week highs on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
AAVAS FINANCIERS	1823.35	1839.50	114.00	6.67
ADANI ENTERP.	210.40	217.70	-4.80	-2.23
ADANI GREEN	115.65	119.00	1.45	1.27
ADITYA BIRLA CAP	108.10	114.25	-2.65	-2.39
DIVI'S LAB.	1788.35	1805.00	24.15	1.37

1:49 PM

BUZZING STOCK:: Biocon up 4%

1:48 PM

Buzzing | Indiabulls Ventures sees sudden spike

1:34 PM

Global markets check

Asian stocks rose on Tuesday, bolstered by new momentum in Sino-US efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.

 

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent to a one-week high. Australian shares were up 0.83 per cent, while Japan's Nikkei stock index rose 0.54 per cent.

 

The pan-region Euro Stoxx 50 futures were up 0.03 per cent, German DAX futures were up 0.12 per cent, while FTSE futures were up 0.14 per cent on Tuesday.

1:19 PM

Nifty Pharma index off day's low

1:02 PM

NEWS ALERT | Jyothy Labs promoter released pledge on 2.25 cr shares on November 22: CNBC TV18

1:01 PM

NEWS ALERT | India Ratings and Research revises GDP growth forecast for FY20 to 5.6%

-- Says, the new projection suggests that 2QFY20 GDP growth is likely to be 4.7%

-- Despite favourable base effect, declining growth momentum suggests that even the 2HFY20 will now be weaker than previously forecasted and is likely to come in at 6.2%.

12:52 PM

Bharti Airtel dips 4% as investors book profit amid ICRA's rating downgrade

Bharti Airtel shares slumped 4 per cent to Rs 435 on the BSE on Tuesday after rating agency ICRA downgraded the company’s long-term rating from "AA" to "AA-"on higher-than-anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge. The telecom services provider's stock hit a multi-year high of Rs 456 in intra-day trade on Monday. READ MORE

12:47 PM

Buzzing | Vodafone Idea declines over 8%

-- Telecom secretary Anshu Prakash on Monday said no reference has been sent to TRAI on setting floor price on tariffs and the Digital Communications Commission will meet in the second half of December where it may take up the issue of spectrum auctions.

 

 

 

12:25 PM

Tejas Networks surges 10% on strategic pact with Bharat Electronics

Shares of Tejas Networks were locked in upper circuit of 10 per cent at Rs 105 on the BSE on Tuesday after the company announced that it has signed a Memorandum of Understanding (MoU) with the state-owned defence solution provider Bharat Electronics (BEL). The trading volumes on the counter doubled with a combined 1.4 million equity shares changing hands on the NSE and BSE till 11:48 am. READ MORE

12:16 PM

Are Indian banks out of the woods? Yes, no and the answers in between

The quarter-on-quarter (Q-o-Q) net profit of 35 listed banks that have announced their earnings till last weekend is down by over 37 per cent but their profits before tax is up 9.36 per cent. Why am I talking about Q-o-Q figures and not year-on-year (Y-o-Y)? That won’t make much sense as too many banks were in losses in the September 2018 quarter and overall the industry was in the red. The rise in operating profits, riding on growth in net interest income, is a happy sign. The Y-o-Y growth in advances has been close to 11 per cent, the growth in deposits is higher--12.39 per cent. READ MORE

12:03 PM

Market check | Nifty turns negative for the first time during the day

11:58 AM

MARKET CHECK

11:51 AM

Dr Reddy's Labs extends gains for second straight day, hits 33-month high

Shares of Dr Reddy’s Laboratories hit an over two-year high of Rs 2,971, up 2 per cent on Tuesday, extending its previous day’s 2 per cent gain on the BSE after the drug maker launched Doxercalciferol injection in the US market. The stock was trading at its highest level since February 13, 2017. “It is the therapeutic generic equivalent of Hectorol (doxercalciferol) injection approved by the US Food and Drug Administration (USFDA),” Dr Reddy’s said in press release. READ MORE