MARKET WRAP: Bull run continues; Sensex gains 199 pts to end above 41,000

All that happened in markets today.

2:04 PM

Stocks that hit 52-week low on BSE500 today

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ALLAHABAD BANK	23.30	23.15	0.00	0.00
C P C L	127.90	126.25	-0.65	-0.51
JAIN IRRIGATION	10.45	10.45	-0.55	-5.00
MPHASIS	830.45	828.15	-10.65	-1.27

2:04 PM

Ashok Leyland bags order for 1,750 buses from Tamil Nadu State Transport

Ashok Leyland, flagship of the Hinduja Group, has bagged an order from Tamil Nadu STU (Tamil Nadu State Transport Undertakings) for 1750 buses.

 

Anuj Kathuria, COO, Ashok Leyland, said, "We are very happy to receive the confirmation of this order from TN STU. Our ability to bring value, combined with our superior technology and innovation will help us maintain our leadership position in buses in lndia."

 

Sanjay Saraswat, President - MHCV, Ashok Leyland, said. "With this order, our orderbook for State Transport Undertakings has enhanced significantly. This is a testament to the reliability, durability and robustness of our buses. The cost of ownership and the product experience which we can deliver is the best in the industry." READ MORE

1:45 PM

Metal stocks trade higher

1:36 PM

Sensex inches higher

1:29 PM

BSE Capital Goods index hits over 2-month low; L&T down 3%

Shares of capital goods companies were under pressure on Wednesday with the S&P BSE Capital Goods index hitting an over two-month low on concerns of weak outlook due to declining order visibility and execution stress. At 01:00 pm, the S&P BSE Capital Goods index, the largest loser among sectoral indices, was down 1.8 per cent, as compared to a 0.24 per cent rise in the benchmark S&P BSE Sensex. READ MORE

1:22 PM

NEWS ALERT | Govt to meet bankers tomorrow to select advisers for BPCL's stake sale: Bloomberg

1:21 PM

Karvy indulged in activities which were never allowed, says Sebi chief

In the aftermath of Karvy Stock Broking episode, capital market watchdog Sebi on Wednesday said the brokerage was indulging in activities which were "never allowed". The comments from the regulator's chairman Ajay Tyagi come days after Securities and Exchange Board of India (Sebi) banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities. READ MORE

1:18 PM

NEWS ALERT | Promoter holding will fall from 100% to 80-85% post IPO: Ujjivan Small Fin Bank

-- Promoter holding has to fall below 40%, will talk to RBI about it

-- Have been in discussion with RBI regarding Reverse Merger in 5 yrs

-- Will apply for Universal Bank licence in 6 yrs

(As reported by CNBC TV18)

1:10 PM

NEWS ALERT | Air India will have to be shut if not privatised: Aviation Min in Parliament, reports CNBC TV18

1:05 PM

NEWS ALERT | Alternative mechanism on Air India has taken some decisions: Aviation Min in Parliament

-- Issue of inviting bids to arise only after process completion

(As reported by CNBC TV18)

1:04 PM

NEWS ALERT | Aditya Birla Sun Life MF receives repayment worth Rs 840 cr on sale of shareholding of ZEEL: sources to CNBC TV18

-- Amount comprises the principal amount and interest accrued

12:58 PM

BUZZING STOCK:: Whirlpool of India up 5%

12:49 PM

SpiceJet trades lower after HSBC reduces target price

-- Says, subdued yield and cost pressure risk H2FY20 profitability

-- Cuts FY20 profit estimate by 27%

-- TP reduced from Rs 130 to Rs 115

12:38 PM

Slow growth, infra spending in India to keep states' deficit high: Moody's

Indian sates, which do not generate sufficient own-source revenue for their spending needs and remain dependent on central government grants, have recorded larger deficits in recent years. The implementation of the goods and services tax (GST) further reduced states’ share of own-source revenues, the rating agency said in a statement.

 

Moody’s on Wednesday released report “Regional & Local Governments - India: Indian states face challenges in reducing deficits, constraining government fiscal consolidation”. READ MORE

12:30 PM

Thomas Cook dips over 3%