MARKET WRAP: Sensex slips 216 pts as IT shares plunge; Nifty ends at 11,914

All that happened in markets today.

1:12 PM

Nifty Bank index extends fall

12:58 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ESSEL PROPACK	158.95	163.85	5.00	3.25
HDFC AMC	3705.00	3844.00	-64.95	-1.72
JM FINANCIAL	96.40	100.00	3.85	4.16
PERSISTENT SYS	687.95	700.00	0.60	0.09
PFIZER	4080.00	4199.00	-47.80	-1.16

12:49 PM

NEWS ALERT | RBI sets up 3-member panel to assist DHFL administration: CNBC TV18

-- Rajiv Lall, NS Kannan and NS Venkatesh are the members of the advistory panel

12:38 PM

Eclerx Services Ltd zooms 15%

12:28 PM

There's greater comfort in owning pvt banks: Deepak Jasani, HDFC Securities

Optically, the markets do not look cheap. However technical factors (liquidity, no alternative asset class etc) means that equities could continue to do well for some more time. However, investors have to be alert for sentiments changing down. They need to review/rebalance their portfolio continuously to weed out the non-performers and be prepared to reduce the weight of equities at the first signs of a large definite negative change in sentiments. In the meanwhile, they could do some trading in happening stocks. However, if we witness a recovery in corporate earnings growth soon, then investors can afford to be a little less cautious/alert. READ MORE  

Deepak Jasani - HDFC Securities

12:18 PM

Rupee near day's low

12:09 PM

BROKERAGE RADAR | Motilal Oswal Financial Services on Eicher Motors

We are estimating ~13% decline in FY20 volumes to ~719k (implying residual run-rate of ~60k/month) and ~15.6% growth in FY21 to ~832k (v/s 826k in FY19). FY21 volumes should be driven by the upgraded Classic/Thunderbird and the success of the 650cc Twins in India and the export market. The stock is now trading at 30.1x/23.7x FY20/FY21 consol. EPS, which is at ~22% discount to its 5-year average P/E and is factoring in the moderate volume recovery (and 450 bps decline in margins from peak). Buy with TP of Rs 25,000 (Sep’21 SOTP-based – 22.5x S/A EPS + VECV @ 10x EV/EBITDA).

 

12:04 PM

CSB IPO: Issue subscribed 22% so far on Day 1

11:57 AM

Contributions to S&P BSE Sensex's fall today

11:46 AM

Sensex down over 200 pts

11:37 AM

MARKET CHECK:: Nifty slips below 11,900-mark

11:28 AM

Essel Propack hits record high; surges 41% in 2 weeks on strong Q2 results

Shares of Essel Propack gained 6 per cent on the BSE on Friday to hit a record high level of Rs 164 in an otherwise range-bound market. The container & packaging company's stock has rallied 41 per cent in the past two weeks after reporting a strong set of numbers for the quarter ended September 2019 (Q2FY20). Essel Propack reported EBITDA (earnings before interest, tax, depreciation and amortisation) margin expansion by 270 bps year on year (YoY) to 20.9 per cent in Q2FY20, driven by favorable mix shift and productivity improvement.  READ MORE

11:24 AM

Market check | Indices slip on trade war fears

11:22 AM

NEWS ALERT | Not afraid of trade war (with US), will not flinch from such a fight: Chinese President

-- Want to work out phase -1 of trade deal with US with mutal respect

(As reported by Reuters)

11:14 AM

Gayatri Projects plunges 28% in two days on invocation of pledged shares

Shares of Gayatri Projects hit an over four-year low of Rs 62.5, and were locked in the lower circuit band of 10 per cent on the BSE on Friday, after the lenders to the company invoked pledged shares. The stock of construction & engineering company tanked 28 per cent in past two trading days, and was trading at its lowest level since July 2015. Till 10:27 am, a combined 577,855 shares have changed hands, with pending sell orders for 120,003 shares on the NSE and BSE. READ MORE