JP Associates, Videocon, others may be referred to NCLT
Stocks of JP Associates, Videocon, Ruchi Soya and Uttam Galva etc tanked up to 14% on news reports that these companies will be referred to The National Company Law Tribunal (NCLT) if debt issue does not get resolved by Mid-December. READ MORE
Concerns of heavy floods in the financial capital and the heavy selling by FIIs in equities over the past one month ensured that risk appetite was down to a trickle, especially as Asian markets were in a sea of red following North Korea threats. The speeding process of NPA resolution may provide some respite to the market ahead of the F&O expiry, after it managed to hold the crucial 60-DMA level.
3:41 PM
Sensex heatmap at close
Source: BSE
3:38 PM
Market breadth
The broad market depicted weakness. There were more than two losers for every gainer on BSE. On the BSE, 1,717 shares fell and 841 shares rose. A total of 142 shares were unchanged.
3:36 PM
Broader markets
The BSE Midcap and the BSE Smallcap indices shed 0.8% and 1%, respectively.
3:35 PM
Markets at close
The Sensex settled at 31,388, down 362 points, while the broader Nifty50 ended at 9,796, down 116 points.
3:29 PM
Nifty PSU Bank leading sectoral loser
Source: NSE
3:28 PM
Bitcoin value crosses Rs 3 lakh
Bitcoin, a leading crypto currency price has crossed Rs. 3 lakh mark on Indian exchanges today morning. At present price quoted on Zebpay, oldest and largest Bitcoin Indian Exchange is Rs 3,00,230 per unit while globally it just fell from $4500 and quoting at $4370. On Unocoin, another big Indian exchange Rs.3, 02,000 per unit
3:21 PM
Market Comment
There is good reason for this euro strength to prevail as bouts of risk-off are likely to persist. North Korea’s missile did not fall out of a clear sky; the test launch was likely a ‘retaliation’ to the annual joint military exercises between South Korea and the US, which saw Kim Jong-un as reason to reiterate that the North is also ready should it ever come to an armed conflict. While Japan did not try to shoot down the missile, PM Abe was quick to fire back with words, calling the test launch an “unprecedented, grave and serious threat”. Japan has called an emergency meeting of the UN Security Council (Source: Rabobank International)
3:20 PM
Oil prices gyrate on US hurricane damage
Flooding from tropical storm Harvey caused ongoing large-scale US refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.
US West Texas Intermediate (WTI) crude rose 30 cents, or 0.6% to $46.87 a barrel, after falling more than 2% in the previous session. International Brent crude futures were up 29 cents, or 0.6% at $52.18 per barrel.
3:16 PM
Stocks tumble as North Korea tensions escalate; euro tops $1.20
World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.
The pan-European STOXX 600 index fell more than 1% to a six-month low, also weighed down by the surge of the euro above a key level, while US futures fell as much as 0.85% on the missile news before paring losses CLICK HERE FOR MORE
global markets
3:15 PM
HCL Info bucks trend
HCL Infosystems gained over 3% to Rs 48.60 on BSE after the company's board approved rights issue of shares for raising equity capital aggregating up to Rs 500 crore.
3:12 PM
Nandan Nilekani vs Vishal Sikka: A check on Infosys' performance CLICK HERE FOR MORE
3:11 PM
I-T department slaps Rs 7,900-cr penalty on Vodafone over tax dues
The income-tax department has slapped a unit of billionaire Li Ka-shing's CK Hutchison Holdings with a penalty of Rs 7,900 crore. The penalty is on a tax demand of the same amount over a 2007 deal in which it had sold its India mobile phone business to Vodafone Group Plc CLICK HERE FOR THE STORY
3:10 PM
Markets check
At 3:05 pm, the Sensex was trading at 31,390, down 360 points, while the broader Nifty50 was ruling at 9,799, down 113 points.
Snapping four sessions of gains, the benchmark indices logged their biggest percentage fall of the year as the firing of a missile over Japan by North Korea rattled investors, while the F&O expiry of August series due Thursday also hit sentiment.
The S&P BSE Sensex shed 362 points to end at 31,288, while the Nifty50 settled below its crucial 9,800 mark.
In a sharp escalation of tensions on the Korean peninsula, North Korea fired a missile early on Tuesday that flew over Japan and landed in Pacific waters about 1,180 kilometres (735 miles) off the northern region of Hokkaido.
Overseas, European markets and Asian markets tumbled post the development, while the yen jumped to four-month highs against the dollar.
US futures fell as much as 0.85% on the missile news before trimming some losses.
 "Sensex, Nifty snap four-session gaining streak, down 1% on N Korea tensions")
