MARKET WRAP: Sensex, Nifty pare losses, end flat; YES Bank slips 30%

All that happened in the markets today

3:43 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ASTER DM HEALTH.	147.00	141.00	0.75	0.51
EVEREADY INDS.	116.85	116.85	-29.20	-19.99
GRAPHITE INDIA	384.65	375.00	-22.80	-5.60
HEG	1624.00	1601.30	-82.75	-4.85
HERO MOTOCORP	2507.55	2478.00	-96.60	-3.71

3:43 PM

Top losers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	166.50	-70.90	-29.87	20292241
EVEREADY INDS.	116.85	-29.20	-19.99	148145
RELIANCE POWER	6.08	-1.31	-17.73	24220913
ANDHRA BANK	24.10	-3.30	-12.04	803070
IFCI	10.57	-1.22	-10.35	963223

3:42 PM

Heatmap: S&P BSE Sensex

3:41 PM

Nifty sectoral indices at close

3:40 PM

Market at close

3:40 PM

Market at close | NSE Nifty slides 6.5 points, or 0.06 per cent, to close at 11,748

3:39 PM

Market at close | BSE Sensex closes 36 points lower at 39,032

3:28 PM

Indian Oil Corporation gains almost 4%

3:14 PM

HCL Tech rises 4%

2:44 PM

NEWS ALERT | Filatex India Q4 results

Net profit : Rs 28.1 crore, up 61.1%, from Rs 17.4 crore YoY
Revenue: Rs 705.7 crore, up 21.9%, from Rs 579 crore YoY
EBITDA: Rs 55 crore, up 18.7%, from Rs 46.4 crore YoY
EBITDA Margin: 7.8%

2:35 PM

Adani power is trading over 8% lower

2:32 PM

Nifty Auto is trading over 2% lower

2:24 PM

NEWS ALERT | NCLAT to hear Essar case on May 7, reports CNBC TV18

2:23 PM

Reliance Comm down over 2% after NCLAT lifts stay on insolvency proceedings

2:21 PM

Exide Industries up 2% on Q4 numbers

2:20 PM

NEWS ALERT | Exide Industries declares Q4 numbers

- EBITDA at Rs 373.2 crore, margin at 14.3%
- Net profit at Rs 210.7 crore, up 11% YoY
- Revenue at Rs 2,599 crore, up 5.7%

2:17 PM

NEWS ALERT | NCLT Mumbai bench to begin IBC proceedings against Reliance Communication: NCLAT

2:17 PM

Heatmap: S&P BSE Sensex

2:15 PM

HEG, Graphite India, IDBI Bank, MRF, Rallis India hit 52-week lows

As many as 41 stocks, including HEG, Graphite India, MRF, IDBI Bank, Rallis India, Eveready Industries, Hero MotoCorp and Natco Pharma hit their respective 52-week lows on the BSE on Tuesday. All of them trade on S&P BSE Allcap index.
 

IFCI, Navkar Corporation, Reliance Communications, Reliance Power, Shipping Corporation of India, TVS Srichakra Tyres, DB Realty and VST Tillers Tractors were among notable shares that too hit their 52-week lows today. READ MORE

2:14 PM

Sector watch | Aviation sector declines

 

SpiceJet loses over 3% while Jet Airways fall nearly 11%.

 

2:08 PM

Before investing in Morningstar's PMS, take a close look at cost structure

Morningstar, the US-based firm, well known in India as a provider of fund ratings, has now launched its portfolio management service (PMS). It already offers such solutions in the US, the UK, Australia and South Africa. Most investors have a need for proper asset allocation and fund selection to achieve their goals and usually approach a financial advisor for this purpose. READ MORE

1:55 PM

Indiabulls Housing Finance slips almost 9%

1:52 PM

Jhunjhunwala to Damani, meet the superstar investors everyone wants to copy

A small number of individual investors has managed to make successful investments in stock markets over the years. These investors are always on the radar of retail investors as they try to copy investment calls made by these savvy investors. We look at portfolios of some of India’s largest individual investors. The compilation is on the basis of disclosures of shareholders with more than one per cent stake in listed companies. Sometimes copycat strategy can work wonders as following the right investor could lead smaller investors into a multi-bagger story. READ MORE

1:50 PM

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASTRAZENECA PHAR	2370.50	2398.55	49.30	2.12
AUROBINDO PHARMA	816.20	838.00	-13.90	-1.67
BAJAJ FINSERV	7574.05	7740.40	-143.95	-1.87
BANK OF MAHA	18.37	20.00	-0.93	-4.82
HCL TECHNOLOGIES	1177.60	1181.10	39.80	3.50

1:45 PM

Nifty IT index is trading over 1% higher

1:42 PM

ICICI Direct on YES Bank result update

"As expected, the change in leadership has led to a balance sheet clean-up (popularly termed kitchen sinking). Hence, an impact on earnings in the near term is imminent. The stress book of Rs 10,000 crore is significantly higher than expected with upside risks. Therefore, in spite of conservatively factoring in higher credit cost in FY20E, a sharp rise in FY19 credit cost at ~209 bps and guidance of further credit provision in future has pushed RoA of 1 per cent to two years ahead. Further slippages in BB and below rated pool remains a key concern, going ahead. In addition, capital raising is expected to further dilute RoE (FY19 at 6.5%) and expect FY21E RoE at 12 per cent. Factoring in concerns on asset quality does impact our ABV estimates ahead, however, capital raising of ~Rs 5,000 crore led to marginal decline in ABV to Rs 133 for FY21E. We revise our rating to HOLD (with a negative bias) from BUY as investors will be cautious for next 3-6 months, as upside risk to stressed book is probable. Therefore, we lower our target multiple to ~1.3x FY21E ABV and downgrade our target price to Rs 180 per share (from Rs 300 earlier). On the positive side, the bank has started recognising stress and with moderation in growth and positive change in accounting practices, RBI’s concerns may be partly addressed."

1:38 PM

Godrej Properties Q4 results: Cons EBITDA at Rs 167 cr; EBITDA margin at 15.8 per cent

1:37 PM

Godrej Properties Q4 results: Net profit at Rs 156.6 cr; revenue at Rs 1,053 cr

1:35 PM

Sundaram Mutual increases stake in YES Bank by over 16,000% in Q4FY19

Shares of YES Bank tanked 30 per cent in trade on Tuesday, after the bank reported a massive Rs 1,507 crore loss in the fourth quarter of financial year 2018-19 (Q4FY19). The numbers were released post market hours on Friday. The results saw most brokerages downgrade the stock to ‘sell’, setting the 12-month price target lower by as much as 40 per cent from Friday’s close. READ MORE

1:10 PM

Index watch

S&P BSE Bharat 22 Index	3,586.71	-27.21	-0.75
S&P BSE 100	11,829.02	-56.50	-0.48
S&P BSE SENSEX Next 50	32,567.84	-384.42	-1.17
S&P BSE SENSEX 50	12,186.45	-44.99	-0.37
Index	Current	Pt. Change	% Change
S&P BSE SENSEX	38,904.73	-162.60	-0.42