MARKET WRAP: Sensex slips 334 pts, Nifty holds 11,900; YES Bank tumbles 11%

All that happened in the markets today

11:43 AM

RBL Bank slumps 4%

11:32 AM

Sensex slips into red

11:31 AM

Nifty sectoral indices at this hour

11:20 AM

SBI slips over 3%

11:10 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	7.13	-0.18	-2.46	12930299
YES BANK	58.80	-3.30	-5.31	6621639
DISH TV	12.95	-1.77	-12.02	4877566
SUZLON ENERGY	2.26	-0.03	-1.31	1777413
JP ASSOCIATES	2.44	-0.09	-3.56	1692823

10:56 AM

Asian Paints up 1%

10:53 AM

Omaxe locked in 20% lower circuit

Shares of Omaxe were locked in lower circuit of 20 per cent at Rs 144 -- an over three-year low level -- on the BSE in morning deals on the back of heavy volumes. The real estate company's stock was trading at its lowest level since April 2016. At 10:19 am, there were pending sell orders for 2.1 million shares, representing 1.1 per cent of total equity of Omaxe, on the NSE and BSE. As on September 2019, nearly half or 51 per cent of the total promoters holding was pledged.

(SI Reporter)

10:37 AM

NEWS ALERT | India has seen the most surprising collapse in growth: Chris Wood to CNBC TV18

10:36 AM

Decoded: FIIs' unshakable faith in Modi govt even as economy sputters

India’s economy may be faltering, but its $2.1 trillion stock market has been powering to new highs as foreign investors pile into country’s shares, betting the worst may have already passed.

 

The economic growth is at the lowest since before Prime Minister Narendra Modi came to power in 2014. The economy expanded 4.5 per cent in July-September, slowing for a sixth straight quarter as deteriorating local consumption, troubled banks and a weak global outlook all took their toll. But the equity market? Now, that’s a different story. READ MORE

10:26 AM

Market check | Indices pare gains

10:21 AM

NEWS ALERT | Rate cut by US Fed made Donald Trump aggressive w.r.t trade war with China: Chris Wood to CNBC TV18

-- US Fed has resumed easing; shorting US market is risky

-- Quality of US earnings is highly suspect

-- Base case is, Trump will sign trade deal with China before Dec 16

10:14 AM

YES Bank dips 5% after Moody's downgrades ratings, assigns negative outlook

Shares of YES Bank dipped 5.5 per cent to Rs 58.70 on the BSE on Friday after Moody’s downgraded the bank's long-term foreign currency issuer rating to 'B2' from 'Ba3', as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity. The global rating agency assigned negative outlook on the bank’s rating. READ MORE

10:12 AM

Indian economy a victim of Modi govt's shock therapy, says Chris Wood

The Indian economy is a victim of Narendra Modi government’s shock therapy since he assumed power in 2014 and conservative investors can assume that it may take four quarters more for it to rebound, and be pleasantly surprised if the recovery comes earlier, wrote Christopher Wood, global head of equity strategy at Jefferies in GREED & fear, his weekly note to investors.

 

That said, his base case remains that the reforms, be it demonetisation, the introduction of goods and services tax (GST), the Real Estate Regulation Act (RERA) or the bankruptcy law, will prove long-term positive. READ MORE

Christopher Wood, global head of equity strategy at Jefferies

10:04 AM

Contribution to Sensex's gain

9:50 AM

Market off opening highs