MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

All that happened in markets today

1:53 PM

NEWS ALERT | Govt considering import restrictions on televisions: sources to CNBC TV18

>> MeitY, Commerce Min mull putting TV under "restricted" list

>> Commerce Min believes TV imports are "non-essential" 

>> FY19 saw $1 billion TV imports from Vietnam and China

Alert: Imports under restricted list need licence from DGFT

1:37 PM

SpiceJet hits 52-week low ahead of Q3 result due tomorrow

1:25 PM

Index Contributors at this hour

1:19 PM

India's IT giants see product-led growth strategy as next big opportunity

In a fireside chat organised by Nasscom as part of its flagship annual IT event, TCS Chief Executive Officer (CEO) and Managing Director (MD) Rajesh Gopinathan, Infosys CEO and MD Salil Parekh, and Wipro Chairman Rishad Premji agreed that while times for the predominantly export-driven IT industry continued to remain challenging, domestic players operating in the space were going to put a major focus on product-led growth strategy. READ MORE

12:59 PM

Telecom dept may send AGR demand letters to Airtel, Voda-Idea next week

The Department of Telecommunications (DoT) plans to send out letters to Bharti Airtel and Vodafone Idea, seeking payment of dues, if the industry’s modification plea on the adjusted gross revenue (AGR) issue is not taken up by the Supreme Court this week. The expectation is that at least the first tranche of the total estimated dues of Rs 1.47 trillion should be paid immediately, based on a self-assessment method. READ MORE 

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)
VODAFONE IDEA	4.52	4.54	4.41	0.01	0.22	2.50
TATA TELE. MAH.	3.76	3.98	3.33	0.07	1.90	0.37
REL. COMM.	0.70	0.71	0.70	-0.02	-2.78	0.03
BHARTI AIRTEL	533.00	545.00	532.85	-6.55	-1.21	3.03
M T N L	10.32	10.61	10.25	-0.20	-1.90	0.04

12:48 PM

Should you invest your savings in banking and PSU funds?

Banking and PSU funds have given a return of 10.92 per cent over the past year. They invest mostly in bank certificates of deposit and bonds of public sector companies. These funds are much in demand currently because investors have been worried about credit risk for the past year or so. READ MORE

12:41 PM

SECTOR WATCH:: Public sector banks trade higher in a weak market

COMPANY NAME	LATEST	HIGH	CHG(%)
ST BK OF INDIA	329.30	330.85	2.91
UNION BANK (I)	48.45	49.40	-0.72
BANK OF INDIA	63.25	63.85	-0.32
PUNJAB NATL.BANK	55.65	56.20	0.27
BANK OF BARODA	88.65	91.20	0.51

12:25 PM

MARKET CHECK:: Sensex falls 200 pts

12:22 PM

How to invest in an insurance plan and avoid mis-selling

I want to invest my savings in an insurance plan but am afraid of mis-selling. How can I identify and avoid this? To ensure that customers’ interests are well protected, the regulator has laid out stringent guidelines and processes regarding how insurance products are sold. Here are some quick checks you can run. READ MORE

12:10 PM

Budget impact: Shares with DVRs underperform after DDT removal

Shares with differential voting rights (DVRs) have underperformed the broader market since the Union Budget 2020-2021 was presented on February 1. The median loss for such securities after the Budget is 4.5 per cent, compared to a 2.1 per cent gain in the benchmark S&P BSE Sensex. The companies with DVRs include Tata Motors, Future Enterprises, Jain Irrigation Systems and Stampede Capital. The DVRs have also underperformed the ordinary shares of the companies, which are down 3.6 per cent on a median basis. READ MORE

12:09 PM

Market check

12:01 PM

Natco Pharma declines 5%

11:53 AM

Nifty slips below 12,150

11:42 AM

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Caught midst a lack-of-demand-driven slowdown, consumption stocks have had a bumpy ride thus far in calendar year 2020 (CY2020). In the run-up to the Union Budget for 2020-21, stocks such as Avenue Supermarts, Bharti Airtel, Crompton Greaves Consumer Electricals, Relaxo Footwears, Dabur, and Hindustan Unilever (HUL) rallied between 7 and 20 per cent on hopes of a stimulus package to spur demand. READ MORE

11:34 AM

NEWS ALERT | Avenue Supermart's announcement for OFS likely today: CNBC TV18

-- Avenue Supermarts' OFS to open for HNIs and institutional investors on February 14

-- OFS to open for retail on Monday, February 17