MARKET WRAP: Sensex sinks 770 pts on weak Q1 GDP nos, Nifty ends at 10,798

All that happened in markets today.

12:16 PM

Market tanks despite policy measures; brokerages stay cautious on earnings

Recent policy measures such as the steps taken to revive the slump in the auto sector, government’s plan to merge select public sector banks (PSBs), rollback of the surcharge on foreign portfolio investors (FPIs) proposed in the Budget, transfer of nearly Rs 1.76 trillion by the Reserve Bank of India (RBI) to the government’s coffers amid a slowing economy and falling consumption have failed to rekindle ‘animal spirits’ in the markets. READ MORE

12:07 PM

BUZZING STOCK:: Godrej Industries slump 3%

12:00 PM

MARKET CHECK

11:54 AM

NEWS ALERT | About 10.2 lakh shares of Ashok Leyland changed hands in a block deal: Bloomberg

11:50 AM

India sovereign bonds to rally as economic slump spurs deeper rate cut bets

Sovereign bonds in India are poised to advance after economic growth slumped to a six-year low, bolstering bets for deeper interest-rate cuts. The economy grew 5% in the three months ended June, missing the 5.7% median estimate of economists surveyed, data released late Friday showed. India’s markets were shut on Monday. READ MORE

11:43 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	60.70	1.20	2.02	6508723
VODAFONE IDEA	5.17	-0.20	-3.72	3187797
DISH TV	21.20	-0.70	-3.20	2647378
PUNJAB NATL.BANK	60.10	-4.85	-7.47	2555824
REL. COMM.	0.83	-0.04	-4.60	2437429

11:34 AM

HDIL slumps 5% on being declared insolvent, recovers later

Shares of Housing Development and Infrastructure (HDIL), the real estate development company, slumped as much as 4.96 per cent to Rs 5.55 on the BSE in the early morning trade on Tuesday after the company on Friday said Abhay Narayan Manudhane has been appointed as interim resolution professional (IRP) to run the insolvency proceedings that has been ordered against the company. READ MORE

11:27 AM

Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%

Ashok Leyland on Tuesday reported a 70 per cent drop in M&HCV truck sales in the domestic market during the month of August to 3,336 units from 11,135 units, a year ago. Total sales of M&HCVs, including buses, dropped by 63 per cent to 4,585 units from 12,420 units in the previous year. READ MORE

 

11:15 AM

Punjab National Bank extends losses; slips 8%

11:14 AM

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL

Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) slipped up to nearly 5 per cent in the morning trade on Tuesday after reports said the government may sell its entire stake worth a little more than Rs 40,000 crore in BPCL to IOCL. READ MORE

11:06 AM

NEWS ALERT | Jaypee case :: SC seeks response from NBCC on viability of project proposals

-- Willing to extend support to NBCC if it has a new plan, Govt tells SC

-- Next hearing on Sept 5

Alert: In July, the NCLAT had passed orders allowing round 2 of bidding for Jaypee Infratech

(As reported by CNBC TV18)

11:03 AM

IT stocks gain on weak rupee

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
TECH MAHINDRA	710.05	14.40	2.07	66760
FIRSTSOUR.SOLU.	48.50	0.20	0.41	55658
INFOSYS	820.75	6.15	0.75	47431
WIPRO	254.15	-0.20	-0.08	45226
TATA ELXSI	642.75	10.75	1.70	42160

10:57 AM

L&T Construction bags order for Navi Mumbai International Airport: BSE filing

10:52 AM

Market check

10:46 AM

August Sales Data | TVS Motors

-- Total sales at  2,90,455 units, down 15.3% YoY, up 4% MoM

-- Total two-wheeler registered sales of at 2,75,851 units, down 16.4% YoY

-- Exports came in at 69,702 units, up 6% YoY