MARKET WRAP: Sensex snaps 6-day losing streak, jumps 646 pts; banks advance

All that happened in markets today.

1:00 PM

After 42% rally in 2 months, here's why analysts are now cautious on BPCL

Last week, international credit rating agency Moody's warned of downgrading Bharat Petroleum Corporation (BPCL) to Ba1, if the government goes ahead with privatisation by selling its stake to private entity, which would remove the company's links and prompt bond redemption, a credit negative. On September 30, the group of secretaries on disinvestment gave its approval for to sell government's entire 53.29 per cent stake in BPCL, which is likely to be completed by March 31, 2020. READ MORE  

12:59 PM

NEWS ALERT | Sun Pharma's promoter creates additional pledge on 5.5 lakh shares: BSE filing

12:48 PM

NEWS ALERT | Promoters of JSW Steel release pledge on 1.3 cr shares on Oct 4: BSE Filing

12:44 PM

NEWS ALERT | Bilaspur Plant & Paradeep Plant were shut for 8 & 33 days, respectively in Q2: Goa Carbon

Due to the absence of viable export and domestic orders, the plants of the Company were shut down during the quarter ended Sept 30, 2019 

12:42 PM

Q2 Earnings Alert | Goa Carbon

-- revenue down 10.6% YoY at Rs 101.5 crore

-- Net loss at Rs 13.8 crore

-- EBITDA loss at Rs 9.7 crore

12:35 PM

NEWS ALERT | Govt may bring a revised Financial Resolution & Deposit Insurance Bill: sources to CNBC TV18

-- Centre may also consider a new law on financial sector bankruptcies to cover systematically important insurance companies, banks, NBFCs

-- Revised/new Bill may propose higher deposite insurance cap

-- Fresh view likely on 'Bail-in clause' of revised/new FRDI Bill

12:16 PM

NEWS ALERT | SBI cuts interest rate on savings deposits with balance of upto Rs 1 lakh by 25 bps to 3.25% w.e.f November 1: CNBC TV18

-- Cuts retail & bulk term deposit interest rates by 10 & 30 bps respectively for 1 year to less than 2 year tenor

11:52 AM

Market check | Sharp surge in Sensex

11:36 AM

IndiaMART InterMESH hits fresh record high, surges 12% in a weak market

In the past two months, the stock of India's largest online business-to-business marketplace has zoomed 83 per cent, as compared to a per cent decline in the S&P BSE Sensex. The stock now trades at more than double the value of its issue price of Rs 973 per share. READ MORE

11:27 AM

NEWS ALERT | SBI cuts lending rates by 10 bps across tenors

1-year MCLR to be 8.05% w.e.f Oct 10

11:22 AM

NEWS ALERT | Raymond to sell Thane property of 78,310 sqm to Elpis Ventures

11:20 AM

NEWS ALERT | BHEL gets order for thermal power project in Uttar Pradesh: BSE Filing

11:16 AM

NEWS ALERT | JBM Auto bags orders to supply CNG buses in Delhi, electric buses in Mumbai: BSE filing

-- JBM Auto bags order to supply CNG buses to Delhi Integrated Multi-Modal Transit System Limited (DIMTS), SpiceJet & IndiGo.

-- The co will also supply electric buses through arm JBM Solaris Electric to Navi Mumbai Municipal Transport Corporation (NMMT)

11:13 AM

Effects of global slowdown more pronounced in India: IMF Chief Georgieva

The global economy is witnessing "synchronized slowdown", which will result in slower growth for 90 per cent of the world this year, and the effect is even "more pronounced" in some of the largest emerging market economies like India, new IMF chief Kristalina Georgieva has warned.

 

The Managing Director of International Monetary Fund (IMF) pointed out that the widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade. READ MORE

Kristalina Georgieva, new IMF managing director

10:50 AM

Titan slumps 6% as jewellery business sees sharp decline in sales in Q2

“The company’s jewellery division witnessed a sharp fall in sales after a sudden surge in gold prices dented the consumer demand from mid—June. The weakness continued during July too and resulted in considerable de-growth in sales during the month,” Titan Company said in quarterly update. READ MORE