MARKET: Sensex tumbles 600 pts on surging Covid cases; Nifty ends at 11,730

All that happened in the markets today

2:04 PM

European stocks hit mid-June low on report France mulling national lockdown

>> European stocks hit their lowest level since mid-June on Wednesday following a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections.

 

>> The pan-European STOXX 600 index .STOXX fell 1.6% by 0808 GMT, while Germany's DAX .GDAXI tumbled 2.2%, UK's FTSE 100 .FTSE dropped 1.5% and France's CAC 40 .FCHI plunged 2.5%.

 

>> The French government has been exploring a new, national lockdown from midnight on Thursday, BFM TV reported, albeit a slightly more flexible one than the two-month shutdown that began in mid-March.

Source: Reuters

1:56 PM

L&T Technology may trail peers in near term despite improved FY21 guidance

The L&T Technology Services stock has been trading flat since its results announcement last week. This is despite the improved guidance for the financial year, and sequential improvement in the September quarter.

 

The company has guided for a revenue decline of 7-8 per cent for FY21, which is a 200-basis-point (bps) improvement compared to the earlier guidance of a 9-10 per cent decline. READ MORE

1:43 PM

Avenue Supermarts trades higher for fifth straight day, up 14% in 2 weeks

Shares of Avenue Supermarts, which runs the DMart chain of stores in the country, rose 3.5 per cent to Rs 2,250 on the BSE on Wednesday in an otherwise weak market. At 12:41 pm, the S&P BSE Sensex was down 1.1 per cent at 40,067 points on the BSE. In the past two weeks, the stock outperformed the market by gaining 14 per cent, as compared to 2 per cent decline in the S&P BSE Sensex. READ MORE

1:32 PM

Sept Quarter Result | Titan Company

>> Consolidated profit at Rs 175 crore

>> Revenue at Rs 4,127 crore

1:30 PM

Sept Quarter Result | Dr Reddy's posts profit of Rs 762 crore

>> Revenue comes in at Rs 4,897 crore

1:20 PM

Sectoral trends at this hour

1:11 PM

Result Today :: What to expect from Hero Moto's Q2 result announcements

Hero MotoCorp is scheduled to announce its September quarter earnings of FY21 (Q2FY21) on Wednesday. Brokerages expect the two-wheeler manufacturer to report up to 13 per cent increase in profit while revenues are expected to rise over 20 per cent, led by volume growth and increase in realisation. READ MORE

1:01 PM

HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress

That stress is building up in retail loans became evident around the same time last year with slowing economic activities. The pandemic and ensuing lockdown may have made the retail stress more pronounced, taking cues from September quarter (Q2) results of India’s largest retail lenders across segments, namely, HDFC Bank, Bajaj Finance and SBI Cards. READ MORE

12:50 PM

Buy these stocks for a 10% upside on MSCI's new foreign ownership norms

Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels READ MOREREAD MORE

12:48 PM

Titan Co down over 2%

12:41 PM

HDFC slips 3%

12:33 PM

Sharp fall in market; Sensex slips over 400 pts

12:23 PM

GE Power India shares hit over 8-year low, decline 35% in one month

The stock of the power generation equipment maker was trading at its lowest level since December 2011. In the past month, the stock has tanked 35 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex. The stock has corrected 65 per cent from its 52-week high level of Rs 821, touched in February 2020. READ MORE 

12:15 PM

Bharti Airtel sees profit booking as NSDL's revised notification shows FII limit at 49%

12:04 PM

Dr Reddy's trades 0.6% higher ahead of September quarter nos