MARKET WRAP: Sensex slips 318 pts, Nifty below 11,600; YES Bank plunges 13%

Heavy selling was witnessed across the board with stocks of public sector banks, automobiles and metals slipping the most.

1:07 PM

Stocks that hit 52-week low on S&P BSE Sensex

  

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ANDHRA BANK	22.35	22.25	-0.25	-1.11
ASAHI INDIA GLAS	200.00	200.00	-2.05	-1.01
AUROBINDO PHARMA	569.60	562.15	-3.65	-0.64
BOSCH	15835.00	15765.00	-151.35	-0.95
CENTRAL BANK	19.60	19.45	0.00	0.00

12:58 PM

YES Bank extends losses

12:53 PM

Monsoon rains below average in past week, raising crop worries: Reuters

India’s monsoon rains were 20% below average in the week ending on Wednesday, the weather office said, as summer showers turned patchy over the central, western and southern parts of the country, raising concerns over the progress of crop plantings. Overall, India has received 16% below average rain since the monsoon season began on June 1.

 

Monsoon rains are crucial for farm output and economic growth in India, where about 55% of all arable land is reliant on rainfall and the farm sector employs nearly half of the country’s 1.3 billion people. India typically receives 75 percent of its annual rain from the June-September monsoon as moisture-laden winds sweep in from the southwest of the peninsula.

12:44 PM

Reliance Industries down over 1%

12:34 PM

NEWS ALERT | Monsoon specifically is weak in South India, says FACT: CNBC TV18

12:31 PM

NEWS ALERT | DB Corp Q1 results: Consolidated revenue down 4% at Rs 607 cr

-- Profit down 3.9% YoY to Rs 93.7 cr

-- EBITDA up 4.5% to Rs 175.5 cr

-- Margin up 230 bps to 28.9%
 

12:22 PM

Colgate gains after Q1 results announcement

12:20 PM

NEWS ALERT | Colgate Q1 results: Net profit slips 10.8% YoY to Rs 169.1 cr

-- Revenue up 4.2% to Rs 1,085 cr
-- Ebitda up 6.5% to  Rs 300 cr
-- Margin up 60 bps to 27.6%

12:08 PM

Sharp fall in Thomas Cook

12:04 PM

MARKET CHECK

11:54 AM

NEWS ALERT | BHEL bags order worth Rs 750 cr for emission control system: CNBC TV18

11:52 AM

NEWS ALERT | Reliance Brands completes acquisition of Hamleys Global: CNBC TV18

11:47 AM

NEWS ALERT | Caplin Point’s Caplin Steriles gets US FDA approval for Tranexamic Acid Injection

11:32 AM

VA Tech Wabag rises over 5%

11:25 AM

CARE Ratings slips 5% after Co sends MD Rajesh Mokashi on indefinite leave

In a late night exchange filing, the ratings agency said that till the completion of the examination of an "anonymous complaint" received by the market regulator, the board has decided to send Mokashi on leave "with immediate effect until further notice".

 

"The Board has (also) decided to appoint Mr T.N. Arun Kumar, currently Executive Director (Ratings) as Interim Chief Executive Officer of the company... He will not be part of Rating Operations to ensure independence of ratings," it said. READ MORE