Sensex slumps 192 pts, Nifty below 11,800; pvt banks, metal stocks drag

All that happened in the markets today

2:40 PM

NEWS ALERT | Anti-corruption Bureau books officials of Jammu & Kashmir Bank

2:39 PM

NEWS ALERT | Banks considering options for resolution: CNBC TV18

- Conversion of debt to equity is one option

- Direct assignment of loans reduces exposure to DHFL

- Banks will take final call under RBI's June 7 circular on NPAs

Alert: DHFL has borrowings of Rs 1 trillion

2:36 PM

NEWS ALERT | Banks looking at resolution of DHFL: sources to CNBC TV18

2:36 PM

Monsoon stocks | Agri-based stock picks by Prabhudas Lilladher

2:35 PM

YES Bank extends loss to 3.5%

2:31 PM

NEWS ALERT | Monsoon covers more parts of Gujarat, MP: Met Dept

- Heavy rain likely on Monday in Odisha

2:15 PM

NEWS ALERT | Govt finalising fresh divestment plan for Air India: CNBC TV18

2:14 PM

NEWS ALERT | ED attaches properties of Rs 209 cr of IMA Group, Bengaluru: CNBC TV18

- Also attaches properties of its Managing Director Mohammed Mansoor Khan in a Ponzi Scheme Case

Alert: ED is Enforcement Directorate 

2:07 PM

Boeing 737 MAX unlikely to fly until 2020 over flight-control problem

Boeing's troubled 737 MAX fleet is expected to stay grounded until late this year as a result of the latest flight-control problem flagged by US air-safety regulators.

 

The setback, at the very least, is expected to prompt additional disruptions to airline schedules across the US and overseas as some 500 of the planes remain idled for months longer than previously projected, reports Efe news. READ MORE

Alert: SpiceJet is biggest customer of B737 Max in India

1:55 PM

G20 Summit | G20 meeting may offer more clarity to OPEC, non-OPEC: Russia's Novak

- Russian Energy Minister Alexander Novak said on Friday he hoped a meeting of G20 nations in Japan would provide clarity for OPEC and non-OPEC oil producers as they consider whether to extend deal on cutting supplies beyond June.

As reported by Reuters

1:43 PM

NEWS ALERT | Can't protect Jet Airways' slots, overseas routes beyond Oct: Govt official

1:41 PM

G20 Summit | Rel Nippon Asset Mgmt to manage Indo-Japan Tech Fund announced by Japan: CNBC TV18

- Rel Nippo working closely with Japan Govt

- Letter of intent signed between lead investors and Rel Nippon Asset Management

1:32 PM

Sobha, Prestige dip after K'taka govt mulls construction ban for 5 yrs

Shares of south India based real estate companies mainly Sobha, Prestige Estates Projects and Brigade Enterprises have fallen by up to 7 per cent on the National Stock Exchange (NSE) in intra-day trade on Friday after reports suggested that Karnataka government was mulling to ban construction activity in the state for 5 years owing to acute water supply shortage. READ MORE

1:19 PM

EID-Parry India surges 8%

1:03 PM

SBI hits new high as PSU banks gain; Canara Bank, Bank of India up over 4%

Shares of public sector undertaking (PSU) banks rallied by up to 12 on the National Stock Exchange (NSE) in intra-day trade on Friday after the Reserve Bank of India (RBI) said that bad loans cycle seems to have turned around as bulk of the legacy non-performing assets (NPAs) have already been recognized in the banking books. READ MORE

Illustration by Binay Sinha