Last-hour selling drags Sensex lower by 324 points, Nifty ends below 11,500

All that happened in the markets today

3:58 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
REL. COMM.	2.05	0.09	4.59	23093194
RELIANCE POWER	6.05	-0.56	-8.47	12230864
PC JEWELLER	123.60	0.30	0.24	5135448
DEWAN HSG. FIN.	116.65	-16.30	-12.26	4111147
YES BANK	164.55	-1.75	-1.05	3364772

3:57 PM

Top losers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
DEWAN HSG. FIN.	115.70	-17.25	-12.97	4104786
DISH TV	31.55	-3.35	-9.60	2086173
RELIANCE POWER	6.10	-0.51	-7.72	12219983
EVEREADY INDS.	99.85	-7.35	-6.86	41424
BOMBAY DYEING	121.20	-8.55	-6.59	289684

3:56 PM

Heatmap: S&P BSE Sensex

3:55 PM

Nifty sectoral indices at close

3:55 PM

Market at close

3:41 PM

Market at close | NSE Nifty slides 100 points, or 0.87 per cent, to close at 11,497.90

3:40 PM

Market at close | BSE Sensex closes 324 points, or 0.84 per cent, lower at 38,276.63

3:17 PM

Nifty PSU Bank index is trading 2.2% lower

2:53 PM

NEWS ALERT | Escorts Q4 result

- Net profit at Rs 121.3 crore

- Revenue at Rs 1,631.6 crore

- EBITDA at Rs 189.9 crore

- EBITDA margin at 11.6% 

2:44 PM

NEWS ALERT | Govt to consider re-allocation of Jet Airways' foreign routes: Agencies

- DGCA may consider re-allocating airline's foreign routes after May 10

- A meeting, regarding the same, is expected this week to take final call on Jet's domestic slots. 

2:39 PM

US-China trade tension to dent global growth, India GDP to slow too: Report

The ongoing tussle on trade between the United States (US) and China will dampen global growth and adversely impact corporate confidence and capex, says the latest Global Economics report by Morgan Stanley. READ MORE

 

 

2:32 PM

NEWS ALERT | Piramal Enterprises signs MoU with Canada Pension Plan Investment Board, reports CNBC TV18

- Sets up asset aggregation platform focused on renewables.

-They will co-sponsor a renewable energy focussed InvIT with a targetted initial corpus of $600 million

2:25 PM

Tata Motors slips almost 2.5%

2:17 PM

MARKET CHECK

2:09 PM

Zee Entertainment slips over 7%

1:54 PM

NEWS ALERT | VIP Industries Q4 result

- Consolidated. net profit at Rs 25 crore vs Rs 35 crore, down 28%  y-o-y

- Cons. EBITDA at Rs 39.6 crore vs Rs 54.3 crore, down 27% y-o-y

- EBITDA margin at 9.1 per cent vs 15% last year

- Revenue at Rs 435 crore vs Rs 362.6 crore, up 20% y-o-y

1:49 PM

VIP Industries slides 3% after Q4 results

1:45 PM

NEWS ALERT | Kaya Q4 result

- Loss expands to Rs 13 cr from Rs 8 crore

- Revenue up 6.8 per cent higher at Rs 104 crore 

1:44 PM

NEWS ALERT | Sanofi India Q4 result

- Net profit up 12.6 per cent at Rs 93 cr, y-o-y

- Revenue up 16 per cent at Rs 717.3 cr,y-o-y

- EBITDA jumps 14.4 per cent to Rs 154 cr, y-o-y

- EBITDA margin slips to 21.4% Vs 22.1% in the same quarter last year

1:40 PM

NEWS ALERT | RBI planning one more forex swap, OMO of Rs 500 mn: Reuters

- The RBI will probably conduct at least one more swap of rupees for dollars after the general election as an effort to support economic growth.

1:36 PM

NEWS ALERT | Royal Enfield recalls 7,000 units of Bulltet to rectify faulty breaks: news agency PTI

- Units recalled are the ones manufactured b/w March 20 - April 30, 2019. 

1:30 PM

Despite big 5G plans, debt-laden Airtel wobbling in war with Ambani's Jio

In a war for the control of India’s billion-plus mobile-services market, tycoon Sunil Mittal seems to be floundering in the face of a juggernaut unleashed by Mukesh Ambani.

 

For at least a fourth quarter in a row, Mittal’s Bharti Airtel Ltd. shored up its profits with one-time gains, masking headwinds posed by upstart Reliance Jio Infocomm Ltd. Jio’s roll-out, after its 2016 debut, has knocked Airtel from its perch in a consolidation that shrank the industry to three players from about a dozen four years ago. READ MORE

1:22 PM

NEWS ALERT | YES Bank acquires 12.8% in CG Power via invocation of pledge of shares

1:21 PM

DHFL slides over 7%

1:15 PM

NEWS ALERT | Jyothy Labs Q4 results

- Net Profit at Rs 67 crore

- Revenue at Rs 504.3 crore

- EBITDA at Rs 82.6 crore

- EBITDA Margin at 16.4 per cent.

1:11 PM

16 companies where operating profit has risen for four consecutive quarters

The fourth quarter results season for financial year 2018 – 19 (Q4FY19) has been a mixed bag. While on one hand companies such as Hindustan Unilever (HUL) Hindustan Unilever, the country’s largest consumer goods company, reported its lowest volume growth in six quarters during the recently concluded quarter on the back of moderation in rural demand, Tata Consultancy Services (TCS) reported better-than-expected 2.4 per cent growth in constant currency (CC) revenue in Q4FY19. READ MORE 

1:01 PM

NEWS ALERT | Fitch Ratings revises outlook on Lodha Developers to "negative" from "stable"

 Fitch has affirmed the long-term issuer default rating at 'B'

1:00 PM

GMR arm to raise $350 million via bonds for Delhi airport expansion

Delhi International Airport Ltd, a GMR group company, plans to raise $350 million through 10 year senior secured bonds for the airport expansion programme and Moody's has assigned a Ba2 rating for the proposed bonds. READ MORE

12:52 PM

Anand Rathi on Blue Sar

Last close: Rs 697

Target Price: Rs 947

Recommendation: Buy 

Blue Star has again showcased its robust and agile business model, developed over time. Its rising RoCE in challenging times, from 20.5% in FY18 to 24.9% in FY19, depicting its ability to deliver superior returns in FY20/FY21. We expect the RoCE to rise to 29.9% and 34.7% respectively, aided by a supportive macro environment. We initiate coverage on the stock, with a target of `947 (30x FY21e EPS of `31.6).

 

12:49 PM

Reliance Securities on TCS

"We expect the IT major to clock double digit growth in FY20E. High payouts (100% of FCF) in the form of share buybacks, plus improving business visibility will ensure the stock remains at elevated valuations. We have a BUY rating on TCS with a TP of Rs 2,300."