 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Page 741 - Si Reporter/undefined
Last hour sell-off drags Sensex 289 pts lower; RIL, financials top losers
All that happened in the markets today
 "Last hour sell-off drags Sensex 289 pts lower; RIL, financials top losers")
MARKET WRAP: Sensex, Nifty end flat with negative bias; PSBs, IT slip
The S&P BSE Sensex touched an intra-day low of 39,461 levels while the Nifty50 drifted to 11,817 levels during the day before staging a limited recovery. Banking stocks were among the key losers
 "MARKET WRAP: Sensex, Nifty end flat with negative bias; PSBs, IT slip")
Indiabulls Housing up 10% on withdrawal of PIL in fund siphoning off case
In the past three trading days, till Wednesday, most of the Indiabulls Group stocks fell in the range of 11 to 25 per cent after the development came out in public domain.
 "Indiabulls Housing up 10% on withdrawal of PIL in fund siphoning off case")
IndusInd Bank dips 8% to hit 3-week low after UBS downgrades scrip to sell
The brokerage firm lowered its price target to Rs 1,400, drawing inference from the lending cost of the bank, which it believes, could rise to 150 bps in FY20
 "IndusInd Bank dips 8% to hit 3-week low after UBS downgrades scrip to sell")
Tyre stocks under pressure as rubber prices rise; Ceat hits 52-week low
MRF, Balkrishna Industries, Goodyear India, JK Tyre & Industries and Apollo Tyres were down in the range of 1 to 2 per cent on the BSE.
 "Tyre stocks under pressure as rubber prices rise; Ceat hits 52-week low")
Jet Airways tanks 23% after BSE, NSE put trading restrictions w.e.f June 28
Trading of the stock in the futures and options (F&O) segment of the exchanges will be also removed.
 "Jet Airways tanks 23% after BSE, NSE put trading restrictions w.e.f June 28")
NMDC skids 7% after protests halt iron ore production at Chhattisgarh unit
Earlier, NMDC had suspended iron ore-mining from its Donimalai mine following the Karnataka government's decision to impose 80 per cent premium on the ore sales from the mine in November 2018.
 "NMDC skids 7% after protests halt iron ore production at Chhattisgarh unit")
YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock
Global rating agency Moody's on Tuesday placed YES Bank's foreign currency issuer rating of Ba1 under review for downgrade.
 "YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock")
Stocks to watch: DHFL, Tata Sponge, Music Broadcast and Tiger Logistics
Here's a look at some of the companies whose shares are expected to trade actively in Thursday's session -
 "Stocks to watch: DHFL, Tata Sponge, Music Broadcast and Tiger Logistics")
MARKETS WRAP: Sensex snaps 3-day gaining streak, slips 194 pts; banks weigh
Catch all the live market updates here.
 "MARKETS WRAP: Sensex snaps 3-day gaining streak, slips 194 pts; banks weigh")
Lakshmi Vilas, J&K Bank trade weak for second straight day; fall over 10%
J&K Bank slipped 13 per cent to Rs 42.30, plunging 29 per cent in three trading days on the BSE.
 "Lakshmi Vilas, J&K Bank trade weak for second straight day; fall over 10%")
Neogen Chemicals hits highest level since listing; surges 31% in one month
The stock, which got listed on the bourses on May 8, 2019, has rallied 57 per cent against its issue price of Rs 215 per share.
 "Neogen Chemicals hits highest level since listing; surges 31% in one month")
Indiabulls Housing Finance drops out of top-100 club in market-cap ranking
On Wednesday, the stock of housing mortgage company dipped 7 per cent to Rs 626 in intra-day trade, falling 15 per cent in past two trading sessions
 "Indiabulls Housing Finance drops out of top-100 club in market-cap ranking")
Eros International hits new low on Moody's downgrade; tanks 50% in 5 days
Moody's Investors Service downgraded the corporate family rating for the company to B2 from B1 and changed the outlook to negative from stable.
 "Eros International hits new low on Moody's downgrade; tanks 50% in 5 days")
Reliance Capital dips 7% in early trade as statutory auditor PwC resigns
PwC stated that it noted certain observations/transactions which in its assessment, if not resolved satisfactorily, might be significant or material to the financial statements of the company.
 "Reliance Capital dips 7% in early trade as statutory auditor PwC resigns")
YES Bank, ADAG stocks, RIL, DHFL and Tata Steel among top stocks to watch
Here's a look at the few stocks that may remain in focus today -
 "YES Bank, ADAG stocks, RIL, DHFL and Tata Steel among top stocks to watch")
Reliance Infra tanks 25% in two days ahead of Q4 results; hits 15-yr low
Thus far in the calendar year 2019, the stock has tanked 77 per cent against 10 per cent rise in the S&P BSE Sensex.
Lakshmi Vilas Bank hits 5% upper circuit in subdued market; here's why
On April 12, 2019, the bank's board had approved the merger of Indiabulls Housing Finance and its wholly owned subsidiary, Indiabulls Commercial Credit with Lakshmi Vilas Bank.
 "Lakshmi Vilas Bank hits 5% upper circuit in subdued market; here's why")
Manappuram Finance slips 10% on Sebi notice in insider trading case
Thus far in the current calendar year 2019, the stock has rallied 48 per cent, as compared to a 10 per cent rise in the S&P BSE Sensex till yesterday.
 "Manappuram Finance slips 10% on Sebi notice in insider trading case")
Eros International plunges 20% despite clarification on credit rating cuts
The company said the credit rating downgrade was on account of a delay in servicing of bank loans for the month of April and May and would be cleared within the next seven working days.