MARKET WRAP: Sensex down 153 pts, Nifty below 12,100; Asian Paints falls 2%

All that happened in markets today.

3:55 PM

SECTOR WATCH | Top losers and gainers on the NSE

3:54 PM

MARKET AT CLOSE | Top losers and gainers on the S&P BSE Sensex

3:40 PM

CLOSING BELL

The S&P BSE Sensex dropped 153 points or 0.37 per cent to end at 41,170 while NSE's Nifty50 index ended at 12,081, down 45 points or 0.37 per cent. 

3:20 PM

NEWS ALERT | PNGRB disposes Nov 29 show cause notice to Adani Gas; stock jumps over 11%

3:05 PM

Market check | Sharp slide in Sensex

3:02 PM

Passenger vehicle retail sales fall 5% in January on tepid response: FADA

According to Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,223 out of the 1,432 regional transport offices (RTOs), PV sales stood at 3,04,929 units in January 2019.

 

Two-wheeler sales declined 8.82 per cent to 12,67,366 units last month as compared with 13,89,951 units in January 2019. READ MORE

2:59 PM

Nifty extends fall, below 12,100 now

2:56 PM

Market check

2:52 PM

BROKERAGE RADAR | ICICI Securities on Time Technoplast

While increasing focus towards value added category would help improve margin, we believe higher working capital requirement limits the RoE expansion (RoEs~12%). We also believe a reduction in debt and exit of non-core business would be key monitorables for TTL, going forward. We slightly tweak our revenue and earnings estimates and model revenue, earning CAGR of 9%, 6%, respectively, for FY19-21E. We change our rating from HOLD to REDUCE with a revised target price of | 50/share (3xEV/EBITDA FY21E).

2:50 PM

No ED probe against Co, says Escorts

2:45 PM

DOT to issue fresh notice to telcos calling for full payment of AGR dues

The Department of Telecommunications will issue fresh notices to Vodafone Idea, Bharti Airtel and Tata Teleservices this week for not entirely paying their AGR dues. While Bharti Airtel paid Rs 10,000 crore on Monday, Vodafone Idea paid Rs 2,500 crore that day and another Rs 1,000 crore on Thusday. In all, it owes Rs 53,000 crore to the Telecom Department. READ MORE

2:38 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI ENTERP.	257.70	260.10	1.44
ADITYA BIR. FAS.	279.60	283.60	2.01
ALEMBIC PHARMA	668.35	682.50	-0.45
AMBER ENTERP.	1657.50	1690.00	0.76
APOLLO HOSPITALS	1793.45	1814.00	0.68

2:37 PM

Global Markets check

Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield. China has reported a large drop in new cases and announced an expected interest rate cut to buttress its economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 per cent, led by drops on Hong Kong’s Hang Seng and South Korea’s KOSPI.

 

E-mini futures for the S&P 500 traded a fraction softer and European futures fell 0.2 per cent, while bonds firmed slightly.

Elsewhere, oil prices added to overnight gains while gold loitered around $1,609 per ounce. US crude last sat 25 cents firmer at $53.54 per barrel and Brent added 23 cents to $59.35.

2:33 PM

NEWS ALERT | Fitch affirms Bharti Airtel's long-term foreign currency rating at 'BBB-': CNBC TV18

-- Fitch removes rating from 'watch negative'

2:26 PM

MSTC, Mishra Dhatu Nigam, IRCTC hit new highs, surge over 20% in a week

Shares of three state-owned companies, Indian Railway Catering and Tourism Corporation (IRCTC), MSTC, and Mishra Dhatu Nigam (MIDHANI), hit their respective fresh highs on the bourses on Thursday. These stocks have rallied in the range of 20 per cent to 27 per cent during this week, as compared to 0.39 per cent decline in the benchmark S&P BSE Sensex during the period. READ MORE