MARKET: Sensex sees 1,300-pt intra-day swing; ends 153 pts lower at 38,144

All that happened in markets today

2:35 PM

Rupee check

2:30 PM

Coronavirus Update | Two persons tested positive in India: PIB

2:22 PM

NEWS ALERT | 4.83 lakh tax dispute cases are pending at different courts and forums: FM in Parliament

2:21 PM

Index Contributors at this hour

2:12 PM

BROKERAGE RADAR | ICICI Securities on Phillips Carbon Black

Phillips Carbon Black (PCBL) is a leading carbon black player domestically with healthy B/S (FY20E debt: equity at 0.4x) and capital efficient business model (FY20E RoE, RoCE at ~16%). We value PCBL at Rs 140 i.e. 5.5x EV/EBITDA on FY21E numbers with a BUY rating on the stock. We drive great comfort from healthy CFO generation at PCBL with the present CFO yield >20%.

2:05 PM

Around Rs 10.52-trn corporate debt may default over 3 years: India Ratings

Further, around 25 per cent of the vulnerable debt is likely to turn delinquent, resulting in additional Rs 2.54 trillion of delinquent debt, according to a recent report by India Ratings & Research. This is likely to result in incremental delinquencies to the extent of 4 per cent of the system-level corporate debt, the report adds. READ MORE   

1:57 PM

BUZZING STOCK | DLF surges over 5%

1:50 PM

Metropolis Healthcare hits record high, surges 41% in 2 months

In the past two months, Metropolis Healthcare has outpaced the market by surging 41 per cent, as compared to 7 per cent decline in the benchmark S&P BSE Sensex. With today’s rally, the stock has zoomed 125 per cent against its issue price of Rs 880 per share. READ MORE

1:42 PM

Buzzing | Eicher Motors surges to day's high after Royal Enfield sales come in higher than expectations

1:41 PM

Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand

The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021), it said.

 

"We at Fitch Solutions are revising down our forecast for India's real GDP growth to 4.9 per cent in FY2019/20, from 5.1 per cent previously, and 5.4 per cent in FY2020/21, from 5.9 per cent previously," the agency said in its outlook for the country. READ MORE

1:28 PM

MARKET UPDATE:: Sensex near day's high, up over 700 pts

1:27 PM

NEWS ALERT | Have not taken any stand on stake reduction in PFA, NTPC, says Power secy: CNBC TV18

>> Informed about the pros and cons to Fin Min

1:27 PM

Why the Sensex has rallied 600 pts today and will the up move sustain?

A drop of nearly 3 per cent on Friday amid a global sell-off on coronavirus health scare and fears that weak economic data from China over the weekend ticked most of the checkboxes that could have sent the markets spiraling down further as they opened for trade on Monday. However, the over 600-point up move intra-day caught many by surprise. READ MORE

1:22 PM

NEWS ALERT | NAA directs Samsung Ind to deposit Rs 37 lakh to consumer welfare fund: sources to CNBC TV18

>> Samsung Ind charged for profiteering

>> NAA charges Samsung India for not passing on the benefits of lower rates to consumers on TV.

>> GST Council had reduced rates on LED/LCD TV sets to 18% from 28%.

1:14 PM

GSK Consumer merger sets stage for Hindustan Unilever, Nestle face-off

Two of Europe’s biggest names — Nestle and Unilever — will now compete head-on in the food segment in India. The trigger is the merger of GlaxoSmithKline (GSK) Consumer into Hindustan Unilever (HUL), approved last week by the Chandigarh Bench of the National Company Law Tribunal (NCLT). READ MORE