MARKET WRAP: Sensex slips 196 pts, Nifty gives up 11,200; auto stocks skid

Shares of automobile manufacturers crashed at the bourses on Monday after reports said that the government intended to hike registration and renewal charges for internal combustion vehicles

12:40 PM

NEWS ALERT | To cut deposit rates on falling interest rates, surplus liquidity: SBI

12:38 PM

NEWS ALERT | SBI to cut retail term deposit rate by up to 20 bps across tenors: CNBC TV18

-- To cut bulk deposit rate by up to 35 bps

12:36 PM

Dr Reddy's trades lower ahead of June quarter results

12:08 PM

Market check

12:06 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
APOLLO TYRES	157.55	156.50	-6.50	-3.96
ASHOK LEYLAND	71.10	70.80	-3.15	-4.24
BAJAJ AUTO	2497.25	2400.00	-122.15	-4.66
BAJAJ ELECTRICAL	371.05	365.00	-6.65	-1.76
CARE RATINGS	733.40	717.05	-6.65	-0.90

11:54 AM

Market check | Nifty trades near 11,160

11:52 AM

Market check | Indices bleed; Sensex slips 316.28 pts

-- Sensex trades at 37,566, down 0.83%

11:49 AM

Sectoral trends at NSE at this hour

All sectors trade in red; Auto sector knocked down the most

11:46 AM

Market check | Nifty breaches 11,200

-- Nifty50 trades at 11,182.7, down 101 points, or 0.90%

11:37 AM

Market check | Nifty tests 11,200

11:37 AM

Market check | Sensex extends slide

11:31 AM

Quant funds remove human bias but may not outperform during bull run

With gradual inroads of artificial intelligence and big data in all spheres, the mutual fund industry, too, is seeing their use in the form of Quant Funds that are slowly emerging on the landscape. The first Quant Fund was launched by Reliance Mutual fund, followed with similar offering by DSP Mutual Fund, with ICICI Mutual fund likely to join the fray soon. More fund houses could float such offerings as the financial sector adopts more AI-driven products. READ MORE

11:29 AM

NEWS ALERT | Tata Power to develop 250 MW solar project in Gujarat: BSE filing

11:19 AM

ICICI Bank gains 5% in weak market after posting Rs 1,980 cr profit in Q1

Shares of ICICI Bank rallied 5 per cent to Rs 435 on the BSE on Monday in early morning trade, after the bank reported a standalone net profit of Rs 1,908 crore in June quarter (Q1FY20), mainly on account of lower provisioning for bad loans and higher retail loan growth. The private sector lender had posted net loss of Rs 120 crore in the same period a year ago. READ MORE

11:11 AM

Mid-cap IT firms stumble through Q1 over client pressure, H1B visa costs

After a year of above-estimated performance, Q1FY20 has ended on a dismal note for most of the mid-cap IT services firms, with client pressure and visa costs eating into their growth numbers. Barring Mphasis, the performance of most companies has been lacklustre, as client spending took a major setback for these vendors. READ MORE