Sensex slumps 192 pts, Nifty below 11,800; pvt banks, metal stocks drag
All that happened in the markets today
 "Sensex, bse")
Illustration by Ajay Mohanty
12:45 PM
NEWS ALERT | Bharti Airtel to shut down 3G network in Kolkata, focus on 4G: CNBC TV18
-- Bharti Airtel to continue providing 2G network
12:35 PM
Metal stocks trade under pressure
| COMPANY NAME | LATEST | HIGH | LOW |
CHG (rs) | CHG(%) |
|---|---|---|---|---|---|
| S A I L | 51.85 | 52.75 | 51.50 | -0.35 | -0.67 |
| JINDAL STEEL | 144.00 | 148.70 | 142.90 | -4.15 | -2.80 |
| TATA STEEL | 504.50 | 515.30 | 502.40 | -6.20 | -1.21 |
| NATL. ALUMINIUM | 49.65 | 50.50 | 49.50 | -0.60 | -1.19 |
| VEDANTA | 174.20 | 178.90 | 173.60 | -2.70 | -1.53 |
| JSW STEEL | 275.30 | 278.65 | 273.30 | -2.05 | -0.74 |
| NMDC | 113.00 | 113.75 | 111.75 | -0.05 | -0.04 |
| HINDALCO INDS. | 205.75 | 207.45 | 203.60 | -0.50 | -0.24 |
| COAL INDIA | 255.40 | 261.70 | 255.05 | -4.20 | -1.62 |
| HIND.ZINC | 243.45 | 244.50 | 242.20 | -1.40 | -0.57 |
12:27 PM
NEWS ALERT | Have not promised to hold off on new China tariffs: Donald Trump
12:21 PM
MARKET CHECK
12:12 PM
DHFL defers March 2019 quarter results; stock tanks 9%
Dewan Housing Finance Corporation Limited (DHFL) shares dipped 9 per cent to Rs 74.65 on the BSE during intra-day trade on Friday, after the company deferred the release of its March 2019 quarter (Q4) results which were schedueled to be announced on Saturday (June 29) to July 13. At 11:52, the stock was trading 7.65 lower at Rs 75.45 as compared to a 0.2 per cent dip in the benchmark S&P BSE Sensex. READ MORE
12:07 PM
NEWS ALERT | Average base rate for NBFCs, MFIs to be 9.18% for Jul-Sep: RBI
12:03 PM
G20 Summit | Many G20 heads voiced concern over trade tensions, global growth: Japan government
- There are downside risks to the global economy as trade tensions escalate. Against this background, the G20 leaders agreed on the need for the group to drive global growth, a senior government official told reporters after the G20 summit’s session on the world economy and trade.
(As reported by Reuters)
(As reported by Reuters)
11:54 AM
Mindtree, Sunteck Realty: 10 stocks showing a positive trend on the RSI
Among the BSE 500 stocks, the selloff has been quite sharp with stocks like Reliance Communication (RCom), Reliance Power (RPower), Jet Airways, HEG, Jaiprakash Associates and Jain Irrigation slipping 58 per cent to 91 per cent during ths period. READ MORE
11:43 AM
Buzzing | Punjab National Bank rises 3.5%
11:39 AM
NEWS ALERT | Satin Credit to allot 13.4 cr shares to IndusInd Bank on warrant conversion
11:32 AM
140 stocks from BSE500 index beat benchmark in first half of 2019
140 stocks from the BSE500 index have outperformed the benchmark index in the first half of calendar year 2019 (H1CY10) by giving a return of over 10 per cent on strong earnings and institutional buying support. In comparison, the benchmark index S&P BSE Sensex was up 9.7 per cent, while the broader S&P BSE 500 index gained 5.6 per cent during the period. READ MORE
11:29 AM
COMMENT :: Kotak Institutional Securities
Lower sectoral cap for mutual funds will affect financial flexibility
MF’s current exposure to NBFC/HFCs at 28% is broadly in line with the revised cap prescribed by SEBI. However, lower sectoral limit will affect medium-term financial flexibility of all NBFCs. MF/debt investors are anyway cautious, preferring retail NBFCs with strong parentage; most NBFCs have anyway increased bank borrowings. In light of liquidity challenges and concern in wholesale NBFCs, we remain cautious on the sector even as stable asset quality in most retail segments, detailed in RBI’s FSR, reinforces comfort on retail players.
MF’s current exposure to NBFC/HFCs at 28% is broadly in line with the revised cap prescribed by SEBI. However, lower sectoral limit will affect medium-term financial flexibility of all NBFCs. MF/debt investors are anyway cautious, preferring retail NBFCs with strong parentage; most NBFCs have anyway increased bank borrowings. In light of liquidity challenges and concern in wholesale NBFCs, we remain cautious on the sector even as stable asset quality in most retail segments, detailed in RBI’s FSR, reinforces comfort on retail players.
11:17 AM
» More on 52 Week High
Stocks that hit 52-week high on BSE
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| BAJAJ FIN. | 3644.00 | 3664.25 | 3.85 | 0.11 |
| BAJAJ FINSERV | 8454.00 | 8488.15 | 8.75 | 0.10 |
| HAVELLS INDIA | 798.50 | 806.90 | 3.15 | 0.40 |
| HDFC AMC | 2056.00 | 2068.20 | 19.55 | 0.96 |
| POWER FIN.CORPN. | 137.50 | 138.80 | 1.65 | 1.21 |
11:03 AM
Sadbhav Infra hits record low as CARE downgrades subsidiary's credit rating
Shares of Sadbhav Infrastructure Projects (SIPL) tanked 18 per cent to hit a record low of Rs 59 on the BSE on Friday after Care Ratings downgraded the credit rating of the firm's wholly-owned subsidiary, Rohtak-Hissar Tollway Private Limited (RHTPL), from 'BB+' to 'D'. The ratings agency downgraded the company due to "sustained subdued toll collection" against large debt obligations. The subsequent poor liquidity and weak debt coverage indicators led to overdues in the account (as per lender’s feedback) for debt servicing. READ MORE
11:01 AM
NEWS ALERT | DHFL defers Q4 earnings to July 13
Topics : MARKET WRAP
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First Published: Jun 28 2019 | 6:47 AM IST
