MARKET WRAP: Sensex slips 143 pts amid weak global cues; financials decline

All that happened in the markets today

2:15 PM

INDEX LOSER:: Titan Co slips 3%

2:06 PM

Rupee Closing

Rupee ends lower at 75.21 per US dollar vs Thursday's close of 74.99/$

2:02 PM

NBFCs, HFCs shed risky real estate loans to remain asset light

Saddled with risky real estate loans, non-banking finace companies and housing finance firms are selling their portfolios to special situation funds.

 

The liquidity squeeze faced by NBFCs notwithstanding in the last two years since ILF&S defaults in 2018, the Covid-19 issues and lockdown have made developer loans further risky for them. READ MORE

1:55 PM

MARKET CHECK:: Top 5 losers on the BSE at this hour

1:47 PM

NEWS ALERT :: Bank of Maharashtra to raise capital up to Rs 2,000 cr

1:45 PM

NEWS ALERT :: Bank Of Baroda cuts lending rate by 5 bps across tenors w.e.f July 12

1:45 PM

Tesla, Wall Street's most controversial stock, on the verge of joining S&P 500

Wall Street's most controversial stock may be about to go mainstream. Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker's shares, which have already surged 500% over the past year. READ MORE

1:37 PM

MARKET UPDATE:: BSE Midcap index underperforms Sensex

1:32 PM

Sensex Heatmap at this hour

1:25 PM

STOCK ALERT :: Reliance Ind hits fresh record high

>> Surpasses its previous high of Rs 1,870 touched on July 7.

1:21 PM

European indices open in the red

1:17 PM

STOCK ALERT :: RK Damani picks 1.03% stake in June quarter

>> Damani held no stake previously

1:10 PM

Godrej Agrovet: Good prospects, but investors should look at stock on dips

The rally in agri-related stocks has helped Godrej Agrovet gain over 31 per cent since May 20. The gains were led by expectations of growth across segments, margin improvement, and earnings recovery in financial year 2020-21 (FY21).

 

The company had posted muted numbers in the March quarter because of Covid-19, which dented the top line and profitability. Though the company has a presence across multiple segments, crop protection and animal feed account for 65 per cent of consolidated revenues. READ MORE

1:04 PM

Stocks that hit 52-week high in an otherwise weak market today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ALKYL AMINES	2422.70	2833.00	0.98
AUROBINDO PHARMA	817.20	828.45	0.56
BIOCON	412.10	420.35	1.48
BRITANNIA INDS.	3719.90	3752.50	1.22
ESCORTS	1124.40	1139.10	-0.45

12:56 PM

As AMC equity flows taper, investors urged to wait till situation improves

The continuous decline in net equity inflows seen in the past three months, at a time when retail participation in equities is rising, is worrying investors about the prospects of asset management companies (AMCs) such as HDFC AMC and Nippon Life India AMC (Nippon AMC). According to data published by Association of Mutual Funds in India (AMFI), the industry saw net equity inflows hitting a 4-year low in June. READ MORE