Sensex ends 407 pts lower, Nifty below 11,750; YES Bank, Maruti top losers

All that happened in the market today

Benchmark indices ended lower on Friday, wiping out previous session's gains, amid weakness in auto stocks, as uncertainty around the US-China trade negotiations and rising oil prices outweighed investor euphoria around the US Federal Reserve’s hints at future rate cuts.

The benchmark S&P BSE Sensex crashed 407 points, or 1.03 per cent, to 39,194, with YES Bank, Maruti Suzuki, HDFC, Hero MotoCorp, and Sun Pharma leading the list of losers. The broader Nifty50 index settled 108 points lower at 11,724.

All the NSE sectoral indices except Nifty PSU Bank finished the session with losses, with Nifty Pharma and Nifty Auto, down 1.46 and 1.22, respectively dipped the most. About 1,157 shares advanced, 1,292 declined, and 167 remained unchanged on the NSE. 

On a weekly basis, the Sensex closed the week 0.65 per cent lower while the Nifty50 slipped 0.84 per cent. 

In the broader market, the S&P BSE MidCap index lost 56 points, or 0.3 per cent, to 14,625, while the S&P BSE SmallCap rose 19 points, or 0.14 per cent, to 14,084..

BUZZING STOCKS

Aurobindo Pharma shares slipped 8 per cent to Rs 579 on the BSE in early morning trade on Friday after the company received a warning letter from US health regulator for its Unit XI, API (Active Pharmaceutical Ingredients) manufacturing facility in Srikakulam, Andhra Pradesh. The stock ended the day 3.92 per cent lower at Rs 602.35. READ MORE

Sobha stocks dipped 11 per cent to Rs 500 on BSE on Friday after more than four per cent total equity of the real estate developer changed hands via block deals in early morning trade. By the end of the session, the stock was down 7.39 per cent lower to Rs 520.30. READ MORE

Tanla Solutions shares continued their upward movement, hitting an over 9-year high of Rs 67.20 per share, up 5 per cent on the BSE in an otherwise weak market. READ MORE

4:06 PM

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

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ALEMBIC PHARMA	479.90	435.10	18.80	4.08
ANDHRA BANK	22.40	22.25	-0.80	-3.45
CARE RATINGS	924.60	915.30	5.80	0.63
ECLERX SERVICES	788.05	771.30	-54.50	-6.47
EMAMI	289.25	283.25	-17.85	-5.81

4:05 PM

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

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
BAJAJ FIN.	3563.45	3596.00	-19.00	-0.53
BAJAJ FINSERV	8390.50	8451.05	-25.80	-0.31
DR LAL PATHLABS	1167.65	1167.65	30.95	2.72
SBI LIFE INSURAN	700.55	711.00	1.75	0.25
SRF	3015.35	3060.55	-25.95	-0.85

4:05 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
JET AIRWAYS	72.45	8.45	13.20	15600637
RELIANCE POWER	5.45	0.17	3.22	10459068
SUZLON ENERGY	4.55	0.45	10.98	9488697
YES BANK	109.55	-5.00	-4.36	7458144
JAIN IRRIGATION	24.85	0.80	3.33	7300824

4:04 PM

Nifty sectoral indices at close

4:03 PM

Heatmap: S&P BSE Sensex

4:02 PM

Market at close

3:38 PM

Market at close

The S&P BSE Sensex ended at 39,194, down 407 points while the broader Nifty50 index settled at 11,724, down 108 points.

3:26 PM

Hexaware is trading over 11% higher

3:24 PM

Emami slips 8%, stock hovers near 5-year low on growth slowdown concerns

Emami shares slipped 8 per cent to Rs 283 in intra-day trade on the BSE, trading close to its five-year low, on concerns of growth slowdown. The stock was trading at its lowest level since August 13, 2014 and has tanked 53 per cent from its 52-week high level of Rs 599, touched on August 1, 2018. In the past four weeks, Emami has underperformed the market by falling 21 per cent on weak March quarter (Q4FY19) earnings as compared to the unchanged S&P BSE Sensex during the same period. READ MORE

2:53 PM

NEWS ALERT | Piramal Ent looking at fund raise b/w $500-$750 million: CNBC TV18

2:51 PM

NEWS ALERT | Piramal Ent looking at fund raise: CNBC TV18 quoting unnamed sources

- Talks at advanced stages

- Looking at investors like SoftBank, GIC and others

- Fund raise could happen in different tranches

2:49 PM

Trading at day's low | SpiceJet slips over 5%

2:48 PM

NEWS ALERT | Have redeemed commercial papers worth Rs 875 cr: Reliance Capital in BSE filing

- Outstanding CPs now at Rs 75 crore, to be redeemed on July 24

2:36 PM

Indiabulls Ventures is trading nearly 6% lower

2:30 PM

India to reduce bank lending rate for exporters, says Piyush Goyal: Reuters

India’s government is working with the Reserve Bank of India as well as private banks to reduce lending rates for exporters, the country’s trade minister said on Friday. Piyush Goyal also told a press conference India saw a “$50 billion” opportunity for exporters, due to ongoing global trade wars, without specifying a time period.