Sensex gyrates 370 pts, ends 127 pts down; Nifty holds 17,350; RIL dips 2%

However, healthy buying in the broader market kept overall market breadth in the favour of the buyers

9:59 AM

'Markets aren't prepared for a phase of slowdown', says Bernstein MD

With the markets at record highs, Singapore-based VENUGOPAL GARRE, managing director, Bernstein, tells Puneet Wadhwa in an interview that he recommends investors focus on individual stock picks where there is room for secular growth characteristics or genuine levers for a strong cycle.  READ MORE

 

9:57 AM

Dish TV extends rally, hits 2-year high; zooms 56% in 8 trading sessions

Shares of Dish TV India continued northbound jouney, hitting a two-year high of Rs 19.70 on ralling as much as 10 per cent on the BSE in intra-day trades on Monday, in an otherwise subdued market. The stock of the broadcasting & cable TV operator was quoting higher for the eighth straight trading session and has rallied 56 per cent during the same period. It is trading at its highest level since September 2019.  READ MORE

9:52 AM

ALERT :: Infosys signs multi-year strategic agreement with Australian power distributor Ausgrid

READ MORE

9:46 AM

MARKET STRATEGY :: Investors should refrain from jumping into the broader market

There are mixed signals for the markets at the start of the week. On the positive side, both FIIs and DIIs were bought last Thursday and the futures market also indicates FIIs going long. However, news from the US and Europe indicate a slowing down of the economy impacted by continuing restrictions on economic activity triggered by the new waves of the pandemic. Developed markets have turned slightly weak on these negative developments.

 

The Mid-cap Index has staged a comeback this month outperforming the Nifty. But investors should refrain from jumping into the broader market since risk in the segment is on the higher side.

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:45 AM

Zomato up even though the food delivery platform has decided to stop delivering grocery from September 17

>> The company decided to story delivering grocery on account of gaps in order fulfillment leading to poor customer experience
 

>> This is the second exit since last year
 

9:37 AM

Nifty Bank top sectoral loser; declines over 200 points to test 36,500 level

9:32 AM

RIL falls as arm Jio delays launch of ultra low-cost smartphone

9:27 AM

Bharti Airtel up as S&P maintained rating of "BBB-", and upgraded outlook to stable from negative

9:23 AM

Sector Watch :: Most sectoral indices in the red on NSE

>> Nifty Media lead sectoral gainer

9:22 AM

Broader markets gain, outperform benchmark Nifty

9:21 AM

Sensex Heatmap :: Top gainers & losers at opening ticks

>> TOP GAINERS: HDFC, Bharti Airtel, Maruti

>> TOP LOSERS: RIL, HCL Tech, ICICI Bank

9:19 AM

FIRST TRADE :: Nifty below 17,350

9:18 AM

OPENING BELL :: Sensex slips nearly 200 points

9:10 AM

Commodity Check

9:09 AM

Sensex Heatmap :: Top gainers & losers in pre-open trade