MARKET WRAP: Sensex slides 336 pts ahead of Q2 GDP nos, Nifty holds 12,050

All that happened in markets today.

2:34 PM

PSU Banks trade under pressure

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
BANK OF BARODA	104.70	108.25	104.40	-1.75	-1.64
POWER GRID CORPN	193.35	196.95	193.00	-2.65	-1.35
NBCC	38.40	39.30	36.40	1.95	5.35
ST BK OF INDIA	341.80	348.80	340.70	-7.15	-2.05
S A I L	39.15	40.25	39.00	-0.75	-1.88

2:23 PM

Nifty PSU Bank index trades lower

2:11 PM

Heatmap: S&P BSE Sensex

2:00 PM

Ujjivan Financial gains for sixth straight day ahead of Ujjivan SFB IPO

Shares of Ujjivan Financial Services (UFSL) were trading higher for the sixth straight day, up 6 per cent at Rs 346 on the BSE on Friday ahead of the subsidiary company’s Ujjivan Small Finance Bank (USFB) initial public offer (IPO) due next week. In the past six trading days, the share price of UFSL has appreciated by 19 per cent, as compared to one per cent rise in the S&P BSE Sensex. The stock is trading close to its 52-week high of Rs 372, touched on June 4, 2019. READ MORE

1:55 PM

NEWS ALERT | Indiabulls group stocks erase early morning gains; Indiabulls Housing down 14%, down 25% from intra-day high

1:41 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI ENTERP.	215.70	221.40	2.50	1.17
ADANI GREEN	136.95	138.70	4.85	3.67
ADANI TRANSMISSI	308.50	314.65	28.30	10.10
ADITYA BIRLA CAP	111.45	114.60	1.25	1.13
CREDITACC. GRAM.	806.45	848.55	0.15	0.02

1:32 PM

NEWS ALERT | Delhi High Court adjourns the Indiabulls Housing case to February 28: CNBC TV18

-- Delhi HC refuses to psas interim order on company's plea

-- Company's plea was that normal business should not be affected due to PIL

1:24 PM

Sectoral indices at this hour

1:14 PM

Likely fall in Q2 GDP, profit booking: 5 factors that dragged markets lower

After scaling record highs in the previous session, stock market came under pressure on Friday with across-the-board selling in metals, fast moving consumer goods (FMCG) and auto counters. The S&P BSE Sensex slipped as much as 366 points, or 0.9 per cent, in intra-day trade to hit a low of 40,763.83 during the day. NSE's Nifty50 index slipped below the crucial 12,100-mark to hit a low of 12,049.70 levels, down 101 points or 0.83 per cent during the day. READ MORE

1:05 PM

PNB Housing Finance dips 3%

12:55 PM

Cut in corporate tax rate important for investments: CEA Subramanian

Chief Economic Adviser KV Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments. For the last few quarters the cycle of growth has not been as it was earlier, he said at an event here and added that "corporate tax rate is important for investments". READ MORE  

12:51 PM

Top gainers on the BSE at present

12:40 PM

Metal stocks slip

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
S A I L	39.45	40.25	39.10	-0.45	-1.13
JINDAL STEEL	160.50	164.70	158.15	-4.55	-2.76
JSW STEEL	263.00	269.45	259.40	-0.95	-0.36
VEDANTA	145.35	148.35	144.00	-2.05	-1.39
TATA STEEL	425.10	429.50	421.25	-6.90	-1.60

12:29 PM

Hindustan Unilever dips 2%, near day's low

12:19 PM

DLF's inventory sales key to gains, firm to breach FY20 sales guidance

DLF has been on an uptrend over the past two months (up by 51 per cent since October), on expectations that monetisation of its inventory, steady gains from the rental business, and new projects will lead to higher cash flows and improve growth visibility. Strong September quarter results and the inclusion in the MSCI India Domestic Index also helped boost its stock returns. READ MORE