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

11:02 AM

Sectoral trends at NSE at this hour

11:02 AM

Tata Motors slumps over 4%

11:01 AM

Lakshmi Vilas Bank tumbles as Indiabulls stocks fall

10:50 AM

We expect L&T's Isro business to grow at least sixfold: J D Patil

Larsen & Toubro (L&T) was a major supplier to the Indian Space Research Organisation's (Isro's) Chandrayaan-II moon mission. J D Patil, senior executive vice-president for the company’s defence segment and L&T-NxT, talks to T E Narasimhan & Gireesh Babu, on this business. READ INTERVIEW HERE

J D Patil, senior executive vice-president for L&T’s defence segment and L&T-NxT

10:42 AM

Hero MotoCorp, Bajaj Auto hit fresh 52-week lows as auto stocks skid

Shares of automobile companies continued to reel under pressure with Maruti Suzuki India, Hero MotoCorp, Baja Auto, Ashok Leyland, and Apollo Tyres from the S&P BSE Auto index hitting their respective 52-week lows on weak demand and regulatory headwinds. According to news reports, the government has proposed an increase in vehicle registration fees. READ MORE

10:40 AM

Bank of India slips 1%

10:27 AM

Market check

10:21 AM

Our base remains that foreign inflows will continue, says CLSA's Nandurkar

The markets now look forward to central banks — the US Federal Reserve and the Reserve Bank of India — for cues on rates over the next couple of weeks. MAHESH NANDURKAR, executive director and India Strategist at CLSA, tells Puneet Wadhwa that he remains optimistic about foreign flows despite the Budget proposals. CLICK HERE FOR FULL INTERVIEW

MAHESH NANDURKAR, executive director and India Strategist at CLSA

10:14 AM

SBI Life, ICICI Prudential: Here's how you can trade in insurance stocks

GIC OF INDIA (GICRE): The stock is trading within 50-days moving average (DMA) and 100 DMA, as per the daily chart. The sideways movement showing signs of consolidation in the counter. However, the last two sessions seem to indicate that a breakdown, as it failed to hold the range.

 

That said, the low of the lowest two sessions i.e Rs 208.30 will determine the next level for this counter. Till the above-mentioned level is held, one can see revival towards Rs 227.50, its 100 DMA. READ MORE

10:06 AM

Vodafone Idea extends loss

10:04 AM

Nifty Metal index, led by Vedanta, trades lower

9:58 AM

MARKET CHECK

9:57 AM

Manpasand Beverages rises 5%

-- Whole-time director Abhishek Singh, CFO Paresh Thakkar and Harshvardhan Singh were granted bail by Gujarat High court 

-- The investigation is almost concluded, sources told Reuters 

 

9:55 AM

ABB India trades higher after reporting over 59% gain in Q1 profit

9:53 AM

Astec LifeSciences zooms over 10%