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.

9:18 AM

Coffee Day Enterprises hits 20% lower circuit after founder VG Siddhartha went missing

9:17 AM

Sectoral trends at NSE during opening trade

9:17 AM

Top gainers and losers on S&P BSE Sensex during Opening trade

9:16 AM

Market at Open

9:16 AM

Market at Open

9:09 AM

Domestic institutional investors' bump up holding in Indian stocks in June

The value of the holdings of DIIs—comprising mutual funds, insurers, banks and other financial institutions—rose to 13.78 per cent at the end of June 30, up from 13.69 per cent at the end of the previous quarter, data from nseinfobase.com shows. This is 30 per cent lower than the ownership of foreign portfolio investors (FPIs), which stood at a two-year high of 19.8 per cent on June 30. READ MORE

9:04 AM

Coffee Day Enterprises tanks 19% during Pre-Open

9:03 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:02 AM

Rupee opening

Rupee opens flat at 68.75/$ vs 68.73 against the US dollar

9:02 AM

Market at Pre-open

9:01 AM

Market at Pre-open

8:59 AM

RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists

The Reserve Bank of India’s board will meet on August 16 to discuss, among others, the nation’s proposed maiden offshore bond sale plan, the people said, asking not to be identified as they are not authorized to speak on the subject.

 

The offering is mired in confusion after an official overseeing the plan was abruptly transferred out of the Finance Ministry last week, amid reports that the Prime Minister’s office had asked for a review. Finance Minister Nirmala Sitharaman said in an interview to the Economic Times newspaper that there’s no rethink and the plan is on course. READ MORE

8:57 AM

Why are FPIs selling?

We have recently seen significant selling of Indian equities by foreign portfolio investors. In July, the selling has touched almost $2.5 billion, and is now seems to be accelerating. Consequently, India has had a very tough year on a relative basis.

While the markets globally are hitting new highs, we are struggling to stay in positive territory. Indian mid-caps and small-caps continue to get decimated — downdouble digits for the year. In a ranking of the top 50 equity markets, in terms of performance year-to-date, we are ranked 43rd. READ MORE

8:54 AM

Stocks to watch: Coffee Day Enterprises, TechM, Axis Bank, Hero MotoCorp

Here's a list of some of the counters that are likely to trade actively in today's trading session -

 

Coffee Day Enterprises: Shares of Coffee Day Enterprises may hog the limelight today as reports said VG Siddhartha, the founder of Coffee chain Cafe Coffee Day (CCD), is suspected to have jumped off a bridge in Mangaluru on Monday night. READ MORE

 

Pfizer: Drugmaker Pfizer has agreed to spin off its generic drugs business and combine it with Mylan, a move that leaves Pfizer with more profitable innovative drugs, including cancer drug Ibrance and pneumonia vaccine Prevnar, said a Reuters report. READ MORE

8:48 AM

Bajaj father-son duo hits out at govt on slowdown, EV policy flip-flop

At the 12th annual general meeting (AGM) of Bajaj Auto on Friday, the company’s shareholders heard the father-son duo — Chairman Rahul Bajaj and Managing Director Rajiv Bajaj — take on the government for its inability to kick-start growth. They also criticised the government for sending out confusing signals regarding the e-vehicle policy. READ MORE