MARKET WRAP: Sensex slips 82 pts, Nifty gives up 11,800; pharma stocks fall

All that happened in markets today

12:59 PM

IRCTC enters top-100 m-cap league; stock zooms 99% in one month

Currently, IRCTC's m-cap is more than two of the Nifty 50 companies -- Zee Entertainment Enterprises (Rs 24,329 crore) and YES Bank (Rs 8,990 crore). The company has also surpassed 27 companies from the S&P BSE 100 index including MRF, Lupin, Aurobindo Pharma, Page Industries, Apollo Hospitals Enterprises, ACC, Ashok Leyland, Bharat Forge and TVS Motor Company during the period. READ MORE

12:58 PM

Auto stocks edge lower

COMPANY	LATEST(rs)	CHG(%)	VOLUME
TATA MOTORS	150.25	-0.23	1265183
ASHOK LEYLAND	85.05	0.12	463037
TVS MOTOR CO.	429.40	-1.85	159476
TATA MOTORS-DVR	61.40	-0.32	95711
ESCORTS	836.50	-0.02	65593

12:43 PM

InterGlobe Aviation trades lower

12:40 PM

NEWS ALERT | Vodafone Idea rallies 21% from days's low

12:29 PM

MARKET UPDATE:: Contribution to S&P BSE Sensex today

12:28 PM

NEWS ALERT | SpiceJet introduces dedicated freighter services to boost India's shrimp farming

>> Dedicated freighter services from Chennai & Vishakhapatnam to Surat & Kolkata

>> SpiceXpress, the dedicated air cargo arm of SpiceJet, will deploy its Boeing 737 freighter on these routes with an approximate carrying capacity of 21 tonnes.

12:14 PM

MARKET UPDATE:: Sensex regains momentum

12:05 PM

Mindtree stock hits fresh 52-week high, rallies 16% in 10 days

Shares of Mindtree continued their northward march and jumped 5 per cent on Tuesday to hit a 52-week high of Rs 1,062 on the BSE in an otherwise range-bound market. The stock of the IT consulting & software firm outpaced the market by surging 16 per cent in the past 10 trading days, as compared to 2 per cent decline in the S&P BSE Sensex. It hit an all-time high of Rs 1,182 on September 11, 2018. READ MORE

11:55 AM

Mauritius joins Pakistan on FATF's 'grey list'; questions over FPI inflows

Mauritius has joined Pakistan on the “grey list” of the Financial Action Task Force (FATF), an inter-governmental body which sets anti-money laundering standards. The development is a body blow to the country, which has been trying hard to shed its image as a quasi-tax haven in the recent past. The move also puts a question mark on the existing, as well as new investments flowing into India from the country. READ MORE

11:39 AM

Nifty sectoral indices at this hour

11:24 AM

HCL Tech slips 3%

11:13 AM

Hindustan Unilever gains 2% as board approves formation of a new subsidiary

Hindustan Unilever (HUL) shares climbed over 2 per cent to Rs 2,279 on the BSE on Tuesday after the company's board approved the formation of a new wholly-owned subsidiary with an authorised share capital of Rs 2,000 crore. The stock was trading close to its lifetime high of Rs 2,307.20, hit on February 19, 2020 "This new subsidiary has been formed to leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile and customer-focused," the firm said in an exchange filing. READ MORE

11:03 AM

Larsen & Toubro trades lower for fourth straight day, hits new 52-week low

Shares of Larsen & Toubro (L&T) were trading lower for the fourth straight day, slipping 1.3 per cent on Tuesday to hit 52-week low of Rs 1,244 on the BSE. The construction & engineering company's stock was trading at its lowest level since February 18, 2019. In the last nine months, L&T has underperformed the market by falling 22 per cent, as compared to 2 per cent rise in the benchmark S&P BSE Sensex during the period. READ MORE

10:57 AM

Slowdown in IT and real estate sectors a pain point for Info Edge

Info Edge’s December quarter (Q3) earnings clearly indicate that weakness in the overall economy has started catching up with it. The company, which had been an outlier before the third quarter, has been hit by a slowdown in the two key sectors of IT and real estate. Subdued hiring in the IT sector and prolonged stress in the real estate sector are likely to keep growth of Info Edge’s recruitment (Naukri) and real estate (99acres) business under pressure at least in the near term.  READ MORE

10:55 AM

Telecom companies to submit self-assessment documents on AGR maths

Once substantiating documents are filed by the companies, the telecom department will initiate random ‘test checks’ on the AGR calculation in a time-bound manner.

 

The ‘test checks’ will be done for any one year (of telcos’ dues) to examine the deviation between telecom companies’ assessment and the government calculation of AGR liabilities. READ MORE