markets

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	Profit-booking continued at the bourses as weak domestic and global economic scenario kept investors on the sidelines. Tata Consultancy Services (TCS), ITC, Reliance Industries, and Axis Bank contributed the most towards today&#39;s fall.</div>
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	The benchmark S&P BSE Sensex ended at 40,239.88 level, down 247.55 points or 0.61 per cent. YES Bank, down 10 per cent, was the top laggard among the Sensex pack , while Bajaj Finance, up over 1 per cent, was the top performer. In the intra-day trade, the Sensex declined 380 points from day&#39;s high to hit a low of 40,208.70.</div>
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	On the NSE, the Nifty50 closed below the 11,900-mark at 11,856.80 level, down 81 points, or 0.68 per cent.&nbsp;</div>
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	On the sectoral front, all the indices settled the day in the red. Nifty informational technology, public sector bank, metal and FMCG indices settled with over 1 per cent cut each.</div>
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	The broader markets underperformed the benchmarks in Tuesday&#39;s session. The S&P BSE mid-cap index closed 1.1 per cent lower at 14,519.78 level, while the S&P BSE small-cap index ended at&nbsp;13,145.27 level, down 1 per cent.&nbsp;<br />
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	<strong>BUZZING STOCKS</strong><br />
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	Shares of information technology (IT) services were trading in the red in the early trade on Tuesday as the rupee hit around one month-high against the US dollar. The domestic currency opened at 70.96 against Monday&#39;s close of 71.04. The Nifty IT index settled 1.4 per cent lower on the NSE. <a href="https://www.business-standard.com/article/markets/it-stocks-slip-tcs-wipro-fall-over-1-as-rupee-hits-one-month-high-119121000228_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	Shares of YES Bank hit a six-week low of Rs 53.40 on the BSE ahead of the board meeting slated for later today to finalize and approve the details of the preferential allotment. The stock-eventually settled 10 per cent lower at Rs 50.55 per share. <a href="https://www.business-standard.com/article/markets/yes-bank-hits-6-week-low-ahead-of-board-meet-stock-falls-24-in-eight-days-119121000289_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	<em><strong><a href="https://www.business-standard.com/topic/buzzing-stocks" target="_blank">Click here to read on more buzzing stocks</a></strong></em><br />
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	<div>
		<strong>GLOBAL CUES</strong></div>
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	<div>
		Global stock markets fell for a second day on Tuesday after Chinese local media reported that a trade deal was unlikely to be signed before December 15. Despite this, the report said, Washington and Beijing do not expect the tariffs planned for December 15 to come into force, adding to a growing chorus on both sides who expect de-escalation this week.</div>
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	<div>
		MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was 0.17 per cent lower, while China&rsquo;s benchmark Shanghai Composite index was off 0.08 per cent. In Europe, shares fell for again, with the pan-European STOXX 600 index down 0.4 per cent at 1:45 PM. Germany&rsquo;s DAX fell 0.64 per cent to its lowest in a week.</div>
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	<br />
	<em><strong>(With inputs from Reuters)</strong></em></div>

MARKET WRAP: Sensex slips 248 pts, Nifty holds 11,850; IT, PSBs top drags

Business Standard

MARKET WRAP: Sensex slips 248 pts, Nifty holds 11,850; IT, PSBs top drags | News on Markets - Business Standard

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Sectoral trends at NSE during Opening trade

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Top gainers and losers on S&P BSE Sensex during Opening trade

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Top gainers and losers on S&P BSE Sensex during Pre-open

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Rupee opens higher at 70.96/$ vs Monday&#39;s close of 71.04 against the US dollar

Slowdown not systemic, need to correct asset prices: Deutsche Bank's Joshi

<div>
	The current slowdown is cyclical and global investors are looking at long-term prospects for India, which may explain why the stock indices are at a high, says Dixit Joshi, group treasurer of Deutsche Bank AG. In an interview with Anup Roy, Joshi says the bank is putting more equity into its Indian operation despite a global restructuring as its business in the country is doing good. <a href="https://www.business-standard.com/article/markets/slowdown-not-systemic-need-to-correct-asset-prices-deutsche-bank-s-joshi-119120901568_1.html" target="_blank"><strong>READ FULL INTERVIEW HERE</strong></a><br />
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Stocks to watch: YES Bank, Mphasis, Hero MotoCorp, Bank of Baroda, HDFC

<div>
	<em><strong>Here&#39;s a look at the top stocks that may remain in focus today -</strong></em></div>
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	&nbsp;</div>
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	<strong>YES Bank</strong>: is likely to reject an offer that made up more than half of its planned $2 billion capital raising, and is talking to institutional investors about making up the shortfall, according to a person familiar with the matter.</div>
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	&nbsp;</div>
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	<strong>Hero MotoCorp</strong> on Monday said it will increase the price of its motorcycles and scooters from January, 1, 2020. The company added that the prices of its products will be raised up to Rs 2,000. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-yes-bank-mphasis-hero-motocorp-bank-of-baroda-hdfc-119121000165_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-06/19/full/1560967115-7994.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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NEWS ALERT | China's November CPI up 4.5% YoY: Reuters

Investors need to brace for higher volatility, lower returns in 2020: UBS

<div>
	Stepping into 2020, and a new decade, investors will have to brace for higher volatility, lower returns, technological disruptions, and much more. Here are the brokerage&#39;s five key predictions for next year and the next decade:</div>
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	&nbsp;</div>
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	<strong>5 predictions for 2020</strong></div>
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	&nbsp;</div>
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	<strong>Gold to outperform:</strong> Gold&rsquo;s good run to continue. It should outperform more cyclical commodities, says UBS</div>
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	&nbsp;</div>
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	<strong>Dollar to weaken:</strong> US dollar to weaken and higher-yielding currencies will do well. <a href="https://www.business-standard.com/article/markets/investors-need-to-brace-for-higher-volatility-lower-returns-in-2020-ubs-119120901571_1.html" target="_blank"><strong>READ MORE</strong></a></div>

MARKET WRAP: Sensex slips 248 pts, Nifty holds 11,850; IT, PSBs top drags

All that happened in the markets today

HDFC Life Insurance Co up 2%

Nifty IT index slips on stronger rupee

Sectoral trends at NSE during Opening trade

Top gainers and losers on S&P BSE Sensex during Opening trade

Market at Open