MARKET WRAP: Sensex slips 174 pts, Nifty below 11,500; IndiGo crashes 11%

In the broader market, the S&P BSE Mid-Cap slipped 110 points, or 0.75 per cent, to close at 14,414 levels while the S&P BSE Small-Cap ended 103 points, or 0.75 per cent, lower at 13,699 levels.

11:15 AM

Hindustan Copper hits 52-week low

11:08 AM

Rupee check | Domestic currency trading near day's high

Source: Bloomberg

10:55 AM

Should you buy TCS post its June quarter numbers? Brokerages remain mixed

Shares of Tata Consultancy Services (TCS) slipped as much as 2.9 per cent to hit a low of Rs 2,070 apiece on the BSE in intra-day deals on Wednesday, a day after the IT bellwether announced its June quarter (Q1) results of the financial year 2019-20 (FY20). At 10:15 am, the stock was trading nearly 2 per cent lower at Rs 2,093.45 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading flat at 38,745 level, up just 13 points or 0.04 per cent. READ MORE

TCS | Photo: Shutterstock

10:52 AM

NMDC rises over 5%

10:41 AM

NEWS ALERT | NCLAT disallows HDFC plea seeking to initiate IBC proceedings vs RHC holdings

-- NCLAT says, cannot permit IBC proceedings against a provider of financial services, NBFC. Any claims of illegal receipt of deposits by RHC Holdings should be placed before RBI.

-- Alert: HDFC had sought IBC proceedings against RHC Holdings for unpaid dues of 41 cr

10:39 AM

Manpasand Beverages hits 5% lower circuit as auditor Mehra Goel & Co quits

Shares of Manpasand Beverages were locked in 5 per cent lower circuit at Rs 38.85 apiece on Wednesday after the company’s auditor Mehra Goel & Co. resigned owing to the ongoing Goods and Services Tax (GST) scam investigations against the company. In a letter addressed to the company, the auditors said they had “re-evaluated the firm and had considered recent developments, including actions and investigations initiated by the GST authorities”. READ MORE

10:35 AM

Market check

10:32 AM

Adani Power slips over 4%

10:18 AM

NEWS ALERT | Bank of India cuts lending rate by 5 bps effective today: CNBC TV18

10:11 AM

Tata Motors down over 3%

9:59 AM

MARKET CHECK

9:54 AM

Nifty Bank index trades higher

9:48 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
SPICEJET	126.00	8.75	7.46	1746319
REL. COMM.	1.71	0.04	2.40	1229364
YES BANK	92.75	1.40	1.53	870673
FUTURE RETAIL	481.40	4.60	0.96	863339
GODREJ INDS.	485.70	1.75	0.36	668925

9:47 AM

Top stock picks by Motilal Oswal Finanicial Services

Large-Caps: ICICI Bank, SBI, HDFC, Bharti Airtel, L&T, Infosys, Maruti, NTPC, Coal India, Titan.

 

Mid-Caps: Federal Bank, DCB, MMFS, Indian Hotels, NMDC, ABFRL, Zensar, Godrej Agrovet, Crompton Consumer.

9:46 AM

Himachal Futuristic Communications trades higher ahead of Q1 results today