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

All that happened in markets today

10:41 AM

NEWS ALERT | Govt likely to give tax relief on account of DDT liability for REITs ad InvITs: CNBC TV18

10:33 AM

Biocon slips 4%

10:22 AM

TVS Motor slides 6% as coronavirus outbreak set to impact February output

Shares of TVS Motor Company slipped 6 per cent to Rs 410 on the BSE on Tuesday after the two and three-wheelers manufacturer said the outbreak of pandemic Coronavirus (COVID-19) in China will lead to 10 per cent drop in its planned production in February. The stock was trading at its lowest level since October 17, 2019. In the past one month, TVS Motor has underperformed the market by falling 12 per cent, as compared to 3 per cent decline in the S&P BSE Sensex. READ MORE

10:18 AM

NEWS ALERT | Tata Elxsi enters into partnership with Green Hills for digital services: BSE Filing

>>  Partnership to deliver the next generation of software-driven, highly integrated automotive cockpit solutions

10:13 AM

Bandhan Bank, HDFC Life, Info Edge jump 4% on inclusion in F&O segment

In a circular issued Monday, NSE said the futures and options contracts on the above mentioned securities would be available for trading w.e.f. February 28,2020. The market lot, scheme of strikes and quantity freeze limit of the above mentioned securities shall be informed to market players on February 27, 2020, it added.  READ MORE

10:02 AM

Bharti Infratel extends deadline for merger with Indus Towers by 2 months

"The final decision to implement the scheme will be taken by the board keeping in mind the best interest of the company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the company's major customers," Bharti Infratel said in a regulatory filing. READ MORE

10:00 AM

MARKET UPDATE:: Sensex off opening highs

9:53 AM

SECTOR WATCH:: Pharma stocks under pressure

9:47 AM

GMR Infra gains 3% in early deals

9:44 AM

MARKET UPDATE:: Indices pare gains, Nifty gives up 11,850

9:38 AM

TVS Motor slips 6%

9:38 AM

Buoyed by US revenues, higher growth trajectory awaits Ajanta Pharma

A strong uptick in US revenues, traction in the Africa business, and consistent performance in the domestic market have led to brokerage upgrades for Ajanta Pharma. The stock is up 27 per cent since the start of February.

 

Analysts at SBICAP Research have upgraded the stock to a “buy” on improved growth visibility across businesses, sustained outperformance in India business, and structural margin expansion from leverage. READ MORE

9:24 AM

Bharti Infratel slips over 2%

9:22 AM

Tech M trades marginally lower

> IT company Tech Mahindra on Monday said it has signed an agreement to acquire 100 per cent stake in US-based Zen3 Infosolutions for $64 million (Rs 460 crore) in an all-cash deal. Besides, the company also announced an interim dividend of 200 per cent or Rs 10 per equity share.

9:21 AM

HUL adds 2% on formation of a new wholly-owned subsidiary