Sensex skids 531 pts; RIL, IndusInd Bank dip 5%, pharma stocks outperform

India VIX ticked up 4 per cent

3:35 PM

CLOSING BELL

The benchmark S&P BSE Sensex settled the session at 48,347.6 levels, down 531 points or 1.09 per cent, dragged by Reliance Industries (down 5.6 per cent), IndusInd Bank (down 5.5 per cent), HCL Tech (down 3.86 per cent), and HDFC (down 1 per cent).

 

The Nifty50, meanwhile, gave up the 14,250-mark and closed at 14,239 levels, down 133 points or 0.93 per cent.

 

3:24 PM

Hero MotoCorp, TVS Motor hit 52-week highs; Bajaj Auto scales fresh peak

Among individual stocks, TVS Motor Company rallied 5 per cent to Rs 548 in the intra-day trade, gaining 8 per cent in the past two trading days. The company is scheduled to announce its October-December quarter (Q3FY21) results on Thursday, January 28, and may declare interim dividend, if any for the financial year 2020-21 (FY21). READ MORE

3:15 PM

Sensex Heatmap at this hour

2:53 PM

Nifty IT witnesses profit-taking, drops nearly 1%

2:51 PM

India's corporate bond sales set to slow significantly after record year

Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nation’s top debt arrangers. Companies have less need to build up cash buffers and the potential for higher funding costs were cited by bankers as reasons for the expected drop. READ MORE

2:50 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
Apollo Tyres	239.60	210.65	211.85	-11.58
Cyient	638.00	556.95	573.25	-10.15
Vodafone Idea	12.84	11.55	11.69	-8.96
Future Retail	89.50	81.05	81.50	-8.94

2:42 PM

India VIX jumps over 3%, tops 23-mark

-- VIX is a measure of volatility

2:32 PM

ALERT :: Sensex extends fall

2:30 PM

L&T scales fresh 52-week high ahead of December quarter results

Shares of Larsen & Toubro (L&T) rose 2.4 per cent and hit a fresh 52-week high of Rs 1,396 on the BSE on Monday in intra-day trade ahead of its December 2020 quarter (Q3FY21) results later in the day. The stock of the engineering & construction (E&C) major was trading at its highest level since November 2019. READ MORE

2:30 PM

L&T scales fresh 52-week high ahead of December quarter results

Shares of Larsen & Toubro (L&T) rose 2.4 per cent and hit a fresh 52-week high of Rs 1,396 on the BSE on Monday in intra-day trade ahead of its December 2020 quarter (Q3FY21) results later in the day. The stock of the engineering & construction (E&C) major was trading at its highest level since November 2019. In the past three months, L&T has outperformed the market by surging nearly 50 per cent, on the back of strong orders flow, as compared to 20 per cent rally recorded by the S&P BSE Sensex. READ MORE

2:21 PM

FDI in India rose by 13% in 2020 as inflows declined in major economies: UN

An 'investment trends monitor' issued by the United Nations Conference on Trade and Development (UNCTAD) on Sunday said that global foreign direct investment (FDI) collapsed in 2020 by 42 per cent to an estimated USD 859 billion from USD 1.5 trillion in 2019.

 

Such a low level was last seen in the 1990s and is more than 30 per cent below the investment trough that followed the 2008-2009 global financial crisis. READ MORE

2:11 PM

MARKET UPDATE:: Sensex at day's low

2:02 PM

Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP

Shares of Apollo Hospitals Enterprises jumped 4 per cent in intra-day trade on Monday to hit a new high of Rs 2,688, in an otherwise subdued market, after the company said it has raised Rs 1,170 crore via qualified institutional placement (QIP) issue. The stock surpassed its previous high of Rs 2,683 touched on January 21. In the past three months, the stock has outperformed the market by surging 30 per cent as compared to a 20 per cent rise in the S&P BSE Sensex. READ MORE

1:56 PM

Sector Watch :: BSE Healthcare biggest sectoral gainer, rises over 1.5%

1:48 PM

PSBs' Q3 nos to be a mixed bag; loan growth, NPAs to be tracked: Analysts

Those at Emkay Global, on the other hand, say that the Supreme Court's stay on NPA tagging remains an irritant in Q3, and may lead to optically elevated proforma slippages due to the spill-over from Q2FY21. That said, overall NPA formation, as well as restructuring proposals, are meaningfully lower than expected though one needs to be watchful of the tail-end risk, it added. READ MORE