- Market Wrap, Sept 19: Sensex slumps 470 pts, Nifty ends at 10,705
- IIFL Wealth hits 5% upper circuit; IIFL Securities to make debut tomorrow
- Zee Entertainment tanks 8% as Chandra asked not to sell unpledged shares
- Housing Finance stocks slide; PNB Housing hits fresh all-time low
- YES Bank trades lower for fourth straight day, stock tumbles 6%
- Steel stocks dip after Icra predicts consumption growth to slow in FY20
- Paper, jute product stocks extend rally amid single-use plastic ban buzz
- Surprising number of smaller companies have outstanding depository receipts
- Nalco announces it paid its highest ever dividend for FY19, stock gains 4%
- Market Ahead, September 19: All you need to know before the Opening Bell
Sensex tanks 554 pts, biggest one-day fall in 2019, despite RBI rate cut
All that happened in the markets today
Financials drop post DHFL crisis, liquidity issues, and trimmed GDP growth projections were among the major factors that dragged the markets lower on Thursday. READ THE FULL REPORT HERE
The benchmark S&P BSE Sensex slipped 554 points, or 1.38 per cent, to 39,530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and State Bank of India were among the top losers. Only eight of the 30 BSE Sensex constituents ended the day in the green. The broader Nifty50 index tumbled 178 points, or 1.48 per cent, to 11,844.
All the Nifty sectoral indices ended Thursday's session with losses, led by Nifty PSU Bank, down 4.9 per cent, and followed by Nifty Private Bank, down 2.29 per cent.
In the broader market, the S&P BSE MidCap index tumbled 269 points, or 1.77 per cent, to 14,931, while the S&P BSE SmallCap index settled at 14,673, down 238 points, or 1.6 per cent.
Shares of Dewan Housing Finance Corporation (DHFL) tanked 15.86 per cent to Rs 93.90, hitting an over five-year low on the BSE after rating agencies downgraded its commercial papers (CP), citing delays in debt servicing. The stock was trading at its lowest level since December 23, 2013 on the BSE. READ MORE
Shares of Eros International Media were hammered by heavy selling during the early morning deals on Thursday after ratings company CARE cut its long-term loan facilities ratings from 'BBB-' to 'D'. The stock was locked in the lower circuit of 20 per cent at Rs 53.10 per share on the BSE, which was also its lifetime low. READ MORE
Shares of GAIL (India) hit an over three-month low of Rs 316.3, down 11.77 per cent, on the BSE on the back of heavy volumes. The stock was quoting at its lowest level since February 26, 2019. READ MORE