MARKET WRAP: Sensex tanks 661 pts, Nifty Bank slips 3%; India VIX jumps 6%

All that happened in the markets today

9:55 AM

MARKET UPDATE:: Nifty drops over 100 points

9:53 AM

5Paisa Capital hits 52-wk high after posting first-ever quarterly profit

Shares of 5Paisa Capital were locked in 5 per cent upper circuit at Rs 324.60 on the BSE on Tuesday after the company posted net profit of Rs 3.74 crore in June quarter (Q1FY20), against net loss of Rs 55 lakh in the year-ago quarter. The company has reported quarterly profits for the first time since the launch of 5Paisa in March 2016. The stock was trading at its 52-week high level. It has rallied 99 per cent in the past month, as compared to 8 per cent rise in the S&P BSE Sensex in the same period. READ MORE

9:44 AM

Oil demand may hit 100 million b/d in 2021 if economic recovery sustains

An accelerated shift to cleaner energy and electric vehicles along with vehicle efficiency improvements had already started to gnaw away at oil demand well before the coronavirus hit.

 

What is striking is that those transportation sectors seen as more resistant to energy transition due to the challenges of them running on alternative fuels – airlines and shipping – have been hardest hit and will be the slowest to recover. READ MORE

9:37 AM

Broader market check :: S&P BSE MidCap index down 0.5%

9:30 AM

MARKET CHECK :: Sensex extends losses, down 300 pts now

9:28 AM

Sector Watch :: Nifty Bank index tumbles nearly 400 pts

9:27 AM

Bata India shows strength in early trades

>> In an exchange filing, the company informed that the revenue from operations for the quarter ended March 31, 2020, of Rs 6197.03 million have decreased by 9 per cent over the corresponding period last year primarily due to suspension of the Company's stores towards second half for the month of March 2020 as per government directives for Covid- 19.

9:26 AM

Vodafone Idea slips 2%

>> In a fresh twist to the controversy over premium telecom plans, Vodafone Idea on Monday moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking a stay on the regulator’s diktat to block such schemes.

9:24 AM

Pfizer gains 1% on 'fast track' tag given to two potential Covid drugs

>> Two experimental coronavirus vaccines jointly developed by German biotech firm BioNTech and US pharmaceutical giant Pfizer have received 'fast track' designation from the US drug regulator, the companies said on Monday.

9:23 AM

HDFC extends decline into second day, down 2.5%

9:21 AM

Wipro trades higher in a weak market ahead of Q1 nos

9:20 AM

Sectoral trends on NSE at Open

9:19 AM

Sensex Heatmap :: Tech stocks supporting markets, financials decline

9:18 AM

Opening Bell

9:18 AM

Opening Bell