MARKET WRAP: Sensex tumbles 416 pts, Nifty below 12,300; RIL declines 3%

All that happened in the markets today

11:25 AM

NEWS ALERT | Ceat promoter reduces stake to 46.68% from 50.52% (September): BSE filing

Click here for latest shareholding pattern

11:18 AM

Sector watch | Nifty Realty Index holding up in a weak market

11:08 AM

Piramal Enterprises' Rs 3,650-cr rights issue subscribed 8% ahead of close

According to the data provided by the BSE, the rights issue — where existing shareholders are entitled to buy more shares in a company typically at a discount to the prevailing market price — has garnered bids for 2.22 million shares, just 8 per cent of the total issue size of nearly 28 million shares. The issue closes on Tuesday. To be sure, bulk of the subscription for rights issue takes place closer to the end date. READ MORE

10:56 AM

HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'

The bank's provisions, including those for bad loans and contingencies, grew a whopping 37.6 per cent to Rs 3,043.6 crore in Q3FY20, from Rs 2,211.5 crore reported in the year ago quarter. The increase in specific loan loss provisions jumped by 66.2 per cent to Rs 2,883.6 crore in the quarter from Rs 1,734.6 crore the previous year. READ MORE

10:46 AM

Lupin falls 3% as USFDA issues 5 observations for Vizag facility

“The United States Food and Drug Administration (USFDA) carried out the inspection of the company’s Vizag API manufacturing facility between January 13, 2020 and January 17, 2020. The inspection for the API facility at Vizag closed with five 483 observations,” Lupin said in an exchange filing on Saturday. READ MORE  

10:44 AM

NEWS ALERT

10:38 AM

Market check | Sensex extends decline

10:23 AM

HCL Tech falls 5% from day's high on profit booking post Q3 results

In the past one month, HCL Technologies has outperformed the market by gaining 8 per cent, as compared to 1 per cent rise in the S&P BSE Sensex. READ MORE  

10:07 AM

Market check

9:56 AM

Don't put your money in last year's winners while investing in debt funds

Investing in the past year’s winner is a loser’s strategy in any category of mutual funds, but it can be especially harmful in debt funds. Long-duration funds were the best-performing category on the debt side over the past year with an average return of 12.13 per cent. However, if you are thinking of investing in this category to partake of those returns, perish the thought. READ MORE

9:38 AM

Market check

9:37 AM

Market check | Indices erase gains

9:36 AM

GNA Axles plunges 11% post Q3 nos

>> Revenue slips 13% in Q3, while EBIT down 39%

9:33 AM

Prestige Estates gains over 1% after acquiring stake in Lokhandwala DB Realty LLP

9:32 AM

Fine Organic Industries gains over 3% after ICRA upgrades rating

>> Upgrades Long-term rating from A+ (positive) to AA- (stable)

>> Retains Short-term rating at A1+