Sensex ends volatile session with minor gains; Indiabulls Housing down 8.5%

All that happened in the markets today

2:25 PM

NEWS ALERT | Will soon get report on high power tariff charged by Adani Power: Maha Power Minister

2:24 PM

NEWS ALERT | Excess amount charged by Adani for electricity bill to be adjusted: PTI quoting Maharashtra Power Min

2:09 PM

Indiabulls Housing, Escorts among 57 stocks that hit 52-week lows on BSE

A sharp sell-off in mid-and-small cap stocks in late morning deals saw 57 stocks from the S&P BSE 500 index hitting 52-week lows on the BSE in intra-day trade on Wednesday. Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Integrated Services from Indiabulls Group, Reliance Capital, Reliance Infrastructure, Reliance Communications and Reliance Power from Reliance Anil Ambani Group, TVS Motor Company and TVS Srichakra from TVS group and TV18 Broadcast and Network18 Media from Reliance Mukesh Ambani Group hit their fresh 52-week lows on the BSE. READ MORE

1:53 PM

OMCs trade lower as crude oil price rise

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
GAIL (INDIA)	306.75	310.95	305.00	-1.30	-0.42
RELIANCE INDS.	1284.00	1301.15	1280.25	1.45	0.11
I O C L	153.60	157.80	153.20	-4.00	-2.54
O N G C	165.55	169.10	165.15	-0.55	-0.33
H P C L	292.65	302.70	291.45	-8.75	-2.90
INDRAPRASTHA GAS	334.55	343.15	333.60	-5.30	-1.56
B P C L	378.00	386.00	377.95	-7.70	-2.00
CASTROL INDIA	139.20	142.10	138.85	-1.60	-1.14
PETRONET LNG	234.50	237.90	233.45	1.05	0.45
OIL INDIA	172.70	174.40	172.40	-0.55	-0.32

1:30 PM

Indiabulls group stocks tumble 20%; Lakshmi Vilas Bank slides 8%

Indiabulls Group stocks came under heavy pressure in the late morning deals on Wednesday. Indiabulls Housing Finance tumbled as much as 20 per cent to Rs 488 apiece on the National Stock Exchange (NSE) while shares of Indiabulls Ventures and Indiabulls Real Estate ,too, plunged up to 20 per cent. READ MORE

1:19 PM

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
MANAPPURAM FIN.	134.25	143.80	-7.45	-5.26
P I INDS.	1191.30	1229.30	-7.45	-0.62
SRF	2997.10	3044.25	-13.75	-0.46

1:03 PM

Check out the top 5 losers on BSE at this hour

Security	LTP (₹)	Change	% Change
JISLJALEQS	21.15	-6.25	-22.81
JETAIRWAYS	31.40	-9.05	-22.37
HDIL	14.45	-2.80	-16.23
ARVIND	60.75	-8.15	-11.83
RELCAPITAL	57.15	-6.40	-10.07

12:50 PM

MARKET CHECK | Top gainers on BSE at this hour

Security	LTP (₹)	Change	% Ch.
GRANULES	96.60	+5.35	+5.86
AVANTI	366.15	+13.95	+3.96
BLUESTARCO	782.00	+27.45	+3.64
TATASTEEL	489.30	+16.55	+3.50
NMDC	108.30	+3.10	+2.95

12:49 PM

NEWS ALERT | OPEC agrees to move its meeting to July 1-2: Agencies

12:40 PM

NEWS ALERT | Blue Star bags order worth Rs 253 cr from Mumbai Metro Rail Corporation: BSE filing

12:39 PM

NEWS ALERT | J&K Bank's former chairman Parvez Ahmed's house raided by Anti-Corruption Bureau: CNBC TV18

12:26 PM

Wockhardt slips over 5.6%

12:14 PM

NEWS ALERT | L&T Constructions bags order in the range of Rs 1,000 cr to Rs 2,500 cr

12:10 PM

Sector Update :: Anand Rathi Financial Services on Chemicals

Specialty Chemicals - Growth persists, margins sustain; chemicals story still alive

Sector growth: The y/y increase in chemicals companies' Q4 FY19 revenues averaged ~12% (21% the quarter prior), driven by volumes despite realisations dipping. Q/q the sector grew 3%. The highest revenue growth was influorochemicals (28% y/y, 2% q/q) followed by aromatics (26% y/y, -2% q/q). Phthalic anhydride growth came at a negative 2% y/y while explosives revenues fell 6% y/y.

Valuation: The sector trades at an average EV/EBITDA and P/E of12.3x and 16.2x FY19 respectively. This gives it an average PEG of 1.1x inFY19.  Risks: The re-opening of chemicals factories in China, raw-material pass-through challenges, increase in effluent-treatment-compliance costs.

12:08 PM

Nifty Pharma index is trading 1% lower