MARKET WRAP: Sensex gains 264 pts ahead of FM's media briefing, Q1 GDP nos

Markets surged in the last trading hour, ahead of the June quarter GDP number and a likely announcement by the Finance Ministry on merger of public sector banks (PSBs)

1:34 PM

NEWS ALERT | FM to meet PSU bankers on mergers at 2 PM today: ET Now

1:34 PM

How and when to invest in SIP variants when the market is facing turbulence

Indian investors have already adopted the mantra of investing through systematic investment plans (SIPs) in a big way in recent years. The industry has so far garnered 2.78 crore SIP accounts. Fresh collection via the SIP route was Rs 8,324 crore in July 2019. And the total SIP assets under management stood at a healthy Rs 2,81,393 crore. Now, several players are trying to tweak the regular SIP to make it more effective and enhance investors’ returns. READ MORE

1:26 PM

NEWS ALERT | Delhi High Court disposes petition filed against PNB Housing: BSE fiing

-- Petition disposed without giving any reliefs asked by the petitioner, Abhijit Mishra

--  The Hon'ble High Court observed that the National Housing Bank being a regulator, shall take care of the execution of its own circulars and any housing finance

institution found in violation shall be dealt with by the regulator in accordance with its rules and regulations, it said in the filing.
 

1:23 PM

PSBs trade lower; Nifty PSU Bank index down 1.7%

1:12 PM

SBI slips over 2% after 0.5% equity gets exchanged

1:06 PM

SECTOR WATCH | S&P BSE Utilities index drops over 1%

12:58 PM

NEWS ALERT | Sebi allows AMCs to join Inter-Creditors Agreement subject to condition: CNBC TV18

Sebi says:

-- Segregation of portfolio pursuant to credit event

-- AMCs must inform rating agencies on intimation of any ICA

-- Signing of ICA must be in the best interest of investors

-- AMCs can exit ICA, if resolution conditions are contrary to Sebi rules

-- Resolution plan must be implemented in 180 days

-- Extension beyond 180 days only if it meets investors' interest

12:57 PM

Around 85 securities on NSE hit 52-week low so far in trade

ADHUNIK	Adhunik Metaliks Limited	1.05	1.05	29-Aug-2019	1.15	1.10	0.05	4.55
ALOKTEXT	Alok Industries Limited	2.55	2.55	29-Aug-2019	2.65	2.60	0.05	1.92
AUTOIND	Autoline Industries Limited	32.10	33.10	23-Aug-2019	32.10	33.95	-1.85	-5.45
BANKBARODA	Bank of Baroda	89.10	89.65	22-Aug-2019	89.35	91.80	-2.45	-2.67
BKMINDST	Bkm Industries Limited	1.30	1.35	29-Aug-2019	1.30	1.35	-0.05	-3.70

(Source: NSE)

Click here for the complete list

12:51 PM

NTPC slips 6% after it incorporates subsidiary to take up coal mining

Shares of NTPC (National Thermal Power Corporation) slumped 6 per cent to Rs 116 on the BSE, in the intra-day trade on Friday, after the company announced incorporation of NTPC Mining, a wholly-owned subsidiary to take up coal mining business.  READ MORE

12:33 PM

Balrampur Chini, Kothari Sugar: Is it the right time to buy sugar stocks?

The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters with Dharani Sugar and Chemical hitting the upper circuit of 20 per cent on Thursday. The opening hour witnessed selling pressure in most stocks, which closed weak (negative candle on the charts). READ MORE

12:33 PM

Public sector banks merger: Modi govt to announce big bang plan soon

The department of financial services in the finance ministry has called a meeting with chief executives of ten public sector banks, which are seen as top contenders for merger, on Friday.

 

The banks invited for consultations on Friday are: Union Bank of India, Canara Bank, Punjab National Bank, United Bank, Oriental Bank of Commerce, United Bank, Allahabad Bank, Corporation Bank, Syndicate Bank and Andhra Bank. READ MORE

12:26 PM

NEWS ALERT | Kalpataru Power bags orders worth Rs 1,263 crore: BSE filing

12:16 PM

Contributions to S&P BSE Sensex's fall today

12:07 PM

Nifty sectoral indices at this hour

11:55 AM

CreditAccess Grameen surges 12% in range-bound market, nears all-time high

CreditAccess Grameen shares surged 12 per cent to Rs 587 in intra-day trade on the BSE on Friday in an otherwise range-bound market on the back of heavy volumes. The non-banking housing finance company's (NBFC's) stock was trading close to its record high level of Rs 591, touched on June 11, 2019 in intra-day trade. The microfinance institution (MFI) made stock market debut on August 2018. READ MORE