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

All that happened in markets today.

Image SI Reporter New Delhi
broker

12:04 PM

Sensex down over 400 pts now

12:03 PM

Heatmap: S&P BSE Sensex

11:52 AM

YES Bank off day's high

11:43 AM

Tata Steel extends fall

11:34 AM

Contribution to Sensex's fall today

11:24 AM

Nifty slumps over 90 pts

11:21 AM

Sensex slides over 300 pts ahead of Q2 GDP nos

11:19 AM

MARKET CHECK

11:15 AM

Adani Group shares rally; Adani Gas, Adani Transmission surge 12%

Shares of Adani Group companies were in focus on Friday and rallied up to 12 per cent intra-day on the back of heavy volumes on the BSE in an otherwise weak market. Adani Gas (Rs 168) and Adani Transmission (Rs 315) rallied 12 per cent each on the BSE. Adani Power (up 8 per cent at Rs 66.60), Adani Green Energy (5 per cent at Rs 139), Adani Enterprises (4 per cent at Rs 221) and Adani Ports and Special Economic Zone (3 per cent at Rs 384) were up in the range of 3-8 per cent on the BSE. READ MORE
Foreign brokerages

11:03 AM

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

The government has strongly advocated direct intervention by the Centre in stressed non-banking financial companies (NBFCs) on the lines of the model followed by the United Progressive Alliance (UPA) government under then finance minister Pranab Mukherjee in 2009.  READ MORE
NBFC

10:55 AM

BROKERAGE RADAR | Edelweiss Securities on Persistent Systems

We expect Persistent to regain growth momentum as sales issues are addressed. Dimmed focus on Accelerite business is also a positive. We also perceive a huge client-mining opportunity, which can further boost growth. The stock trades at 14.3x FY20E EPS. We retain ‘BUY/SP’ with TP of Rs 739 (14x Q4FY21E EPS).
10:45 AM

YES Bank gains 6% ahead of board meet today to consider fundraising

YES Bank shares climbed 6 per cent to Rs 74 on the BSE on Friday ahead of the board meet today to consider fundraising plan. The stock of the private sector lender rallied 17 per cent after the Bank, on Tuesday, said its board will meet on Friday, November 29, 2019, to discuss and consider fundraising by issue of equity/equity linked securities through permissible modes.  READ MORE
YES bank

10:40 AM

Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

When the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meets between December 3 and December 5 to review the interest rates, it will face the dilemma of strengthening a dwindling economy while keeping a check on inflation at around 4 per cent. Analysts, however, see the MPC slashing rates by up to 25 basis points (bps), along with a marginal cut in FY20 gross domestic product (GDP) growth forecast. READ MORE
RBI, reserve bank of india

10:29 AM

Dr Reddy's Labs dipped over 1%

10:18 AM

BUZZING STOCK:: Adani Transmission zooms 10%

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First Published: Nov 29 2019 | 7:29 AM IST