Sensex cracks 1,407 pts as Covid-19 fears resurface; Nifty holds 13,300

InterGlobe Aviation and SpiceJet sunk up to 10 per cent on the BSE after India suspended flights from the UK till December 31

3:03 PM

Fall from intra-day high today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
STAR CEMENT	107.00	86.75	89.00	-16.82
GILLETTE INDIA	6730.15	5622.30	5686.10	-15.51
C P C L	111.00	91.45	94.90	-14.50
TCNS CLOTHING CO	514.00	422.60	442.35	-13.94

3:02 PM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
C P C L	94.95	-12.93
INDIAN BANK	77.40	-11.44
JTEKT INDIA	82.20	-10.80
SHOPPERS STOP	189.00	-10.64
SPICEJET	91.50	-9.94

2:50 PM

ALERT :: India VIX surges 19%

>> The volatility index jumped to intra-day high of 22.28

2:44 PM

SENSEX A POOL OF RED

2:37 PM

NIFTY HOVERS AROUND 13,300

2:35 PM

SENSEX SINKS OVER 1600 PTS

2:21 PM

MARKET CHECK :: Indices at day's low

>> Sensex tanks 675.57 points, or 1.44%, to hit day's low of 46,285.12 levels

>> Nifty50 index sinks to 13,565.25 levels, down 195.30 points or 1.42% 

2:11 PM

CAMS surges 16% in two trading sessions, hits highest level since listing

At 01:43 pm, CAMS was trading 7 per cent higher, as compared to a 0.82-per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped an over four-fold and a combined 1.3 million equity shares had changed hands on the NSE and BSE till the time of writing of this report. READ MORE

2:04 PM

MARKET UPDATE:: Broader indices underperform benchmarks; India VIX surges 8%

2:04 PM

SENSEX TANKS 600 PTS

1:55 PM

Expert Take | Sometimes selling winners makes sense

Classical investment theory says that we should hold on to our winners and sell our losers, if needed. I was reminded of this when I met Sunil, a 40-plus executive with a multinational corporation.

 

Sunil had a few good equity mutual fund investments and fixed deposits, but a significant part of his investment was tied up in a house (not his residence) which he had bought around 10-11 years back, fuelled by a low-cost loan from his employer and the great deals on offer in the aftermath of the 2008 crisis. READ MORE

1:43 PM

Private lenders top Sensex drags at this hour

1:39 PM

ALERT :: European stocks plunge at open

>> Shares on the major European stock market indexes opened the session on Monday well below the flatline as the investors followed closely the news regarding the new strain of the coronavirus found in the United Kingdom. 

>> The DAX tumbled 1.70% at open as MTU Aero Engines lost 5.56% in early deals. The CAC 40 dwindled 2.45% at the opening bell. Meanwhile, in London, the FTSE 100 dropped 1.68% as the trading started. The euro fell 0.56% versus the dollar, selling for 1.21772 at 8:58 am CET, while the pound sterling declined by 1.59%, to go for $1.32818 at the same time.

1:35 PM

Nifty P/E up 20%; discretionary, energy stocks see maximum expansion

The benchmark Nifty is currently up 13 per cent on a year-to-date basis. However, the 12-month forward price-to-earnings (P/E) multiples for the index has shot up nearly 20 per cent during the same period.

 

In other words, the rise in the stocks has been much higher than the 2021 earnings growth estimates for the underlying stocks. Within the market, the discretionary, energy, and information technology (IT) sectors have seen the maximum expansion in their P/E multiples, shows an analysis done by Credit Suisse. READ MORE

1:27 PM

IT stocks trade higher in an otherwise subdued market

COMPANY	LATEST(rs)	CHG(%)
VAKRANGEE	58.90	2.79
BIRLASOFT LTD	218.00	5.03
INFOSYS	1202.80	1.10
HCL TECHNOLOGIES	902.55	1.29
TANLA PLATFORMS	632.25	-5.00