MARKET WRAP: Nifty ends below 11,100, Sensex sheds 289 pts; CCD slips 20%

The Sensex and Nifty50 touched an intra-day low of 37,359 and 11,073 respectively.

2:27 PM

RBL Bank tumbles over 10%

2:26 PM

Global markets check

Asian stocks advanced on Tuesday in anticipation of a cut in U.S. interest rates later this week while the pound tumbled to a 28-month low versus the dollar due to heightened concerns over prospects for a no-deal Brexit.

In early European trade, the pan-region Euro Stoxx 50 futures inched down 0.1%, German DAX futures were little changed and Britain’s FTSE futures rose 0.3 per cent.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. The Shanghai Composite Index rose 0.3% and Hong Kong’s Hang Seng edged up 0.2 per cent. Australian stocks climbed as much as 0.7 per cent to touch a record high, supported by buoyant mining shares and adding to the previous day’s tech-driven gains. Japan’s Nikkei rose 0.4 per cent, showing limited reaction to the Bank of Japan’s widely anticipated decision to stand pat on monetary policy.

2:19 PM

Deeply saddened by developments at Cafe Coffee Day: KKR to CNBC TV18

-- Our thoughts are with VG Siddhartha's family at this time

 

-- We believe in VG Sidharata and had invested in the company about 9 yrs ago

 

-- We sold approximately 4.25% of 10.3% in Coffee Day in February 2018

2:15 PM

Nifty PSU Bank index is trading over 3 per cent lower

2:10 PM

NEWS ALERT | NCLAT clears decks for rebidding in the Jaypee Infratech case: CNBC TV18

2:08 PM

Indiabulls Housing Finance off day's high

2:05 PM

More NBFCs will have to die if India's shadow-banking sector is to survive

The slowdown that began among India's shadow banks is spreading. Sectors that had come to depend on credit from what in India are called non-banking financial companies (NBFCs) are posting awful numbers. Insurance is slowing and real estate is troubled. The automobile sector -- which contributes half of India's manufacturing output -- is shrinking as stressed shadow banks prioritise survival above lending growth. READ MORE

1:56 PM

VG Siddhartha case | Black letter day for startups & entrepreneurship in India, says Amit Ranjan, co-founder SlideShare

1:54 PM

VG Siddhartha case | Industry, political leaders raise concerns on 'ease of doing business'

1:52 PM

1:51 PM

VG Siddhartha case | Kiran Mazumdar Shaw, Biocon CMD to Biocon CMD

He (Siddhartha) seems to have undergone huge stress from PEs and I-T. These two have to be investigated. Govt should look at ways of relieving stress of businesses

1:47 PM

Earnings Alert | VIP Industries Q1 result

-- Net profit at Rs 35.1 cr vs Rs 63.4 cr YoY

-- Revenue at Rs 564.2 vs Rs 517.8 cr YoY

-- EBITDA at Rs 125.1 cr

1:45 PM

Earnings Alert | United Bank of India Q1 result

-- Net profit at Rs 105 cr vs loss of Rs 388.7 cr YoY

-- NII at Rs 727.5 cr vs 545.3 cr YoY

1:42 PM

NEWS ALERT | Have no exposure to Coffee Day Enterprises: HDFC, Karnataka Bank

-- K'taka Bank says have exposure to unlisted Coffee Day Global

(As reported by CNBC TV8)

1:33 PM

EXPERT COMMENT | Quote on the CCD Crisis from CapitalAim

CCD shares have been hitting 52-week lows for quite some time in the last couple of months. Now, the unfortunate event of founder missing and in the light of the alleged letter left by him clearly underlines the crisis in the company. The letter in the media reveals that VG Siddhartha was under tremendous pressure from other lenders. From the information available, CCD is severely affected by the slowdown in the economy and liquidity crunch. We may see the stock to slide further to double digits if the clarity regarding its financials is not declared. The case reminds us of the notorious case of Satyam fiasco. Investors should avoid this stock until the whole situation is out and clear.