MARKET WRAP: Sensex slumps 470 pts, Nifty ends at 10,705; YES Bank dips 16%

All that happened in markets today.

12:52 PM

NEWS ALERT | In dialogue with consortium of lenders, remain focused on the repayment process: Essel Group to CNBC TV18

-- Decisions taken so far have been in the interest of the lenders

Alert: CNBC TV18 earlier reported Zee Group met MF lenders yesterday to seek an extension to the standstill agreement

12:43 PM

Market check

12:40 PM

NEWS ALERT | Zee Group met MF lenders yesterday, sought an extension to the standstill agreement: sources to CNBC TV18

-- No decision yet on granting extension to Zee for repayment to MFs

Alert: Agreement was to end on September 30

       : Zee has paid 50% of dues

     

12:40 PM

Market check | Sensex dips over 400 pts

12:32 PM

Market check

12:26 PM

NEWS ALERT | Finance Secretary to hold meeting today w.r.t follow-up on RBI rate cut: sources to CNBC TV18

-- To discuss introduction of repo-rate linked loan products

-- Mandated release of security documents within 15 days of loan closure

-- Monitor purchase of pooled assets NBFCs/HFCs up to Rs 1 lakh cr

12:26 PM

Housing Finance stocks slide; PNB Housing hits fresh all-time low

Shares of housing finance companies were under pressure on Thursday, with PNB Housing Finance hitting a fresh all-time low, while LIC Housing Finance, down 2 per cent to Rs 383, on the BSE was trading near its five-year low level on growth and assets quality concerns. PNB Housing Finance also fell 2 per cent to Rs 601, and was trading at its lowest level since listing on November 2016. READ MORE

12:22 PM

NEWS ALERT | August Aviation Data

-- Air Passenger Traffic grew at 3.87% MoM, 3.24% YoY

-- IndiGo's market share at 47% (down from 47.8% in July)

-- SpiceJet's market share flat at 15.5% MoM

-- GoAir's market share at 11.8% from 11.1% in July

-- Air India's market share at 12.8%, up from 12.4% in July

12:16 PM

Market check | Sharp decline in Sensex

12:13 PM

HDFC Securities on Dishman Carbogen Amcis

We remain constructive on DCAL owing to strong visibility on its order book, 15+ late phase 3 molecules, expanded development capacity, ability to work on new molecules like ADCs, and favorable currency. Improvement in BS driven by reduced debt and working capital release would be one of the important parameters to drive re-rating of the stock. At CMP, the stock is trading at 10.1/7.8 FY19/20E, a ~60% discount to peers like Divi’s Labs. Maintain BUY with a TP of Rs 350 (15x FY21E EPS).

12:07 PM

Contributions to S&P BSE Sensex's fall today

11:58 AM

Rupee Check | Currency at highest level in a week

Source: Bloomberg

11:49 AM

Bond traders on edge over possible stimulus; seek assurance on fiscal goals

Bond yields have risen in five of the past seven weeks as traders continue to fear that the government, which has avoided big-bang spending, may still resort to big giveaways. And this week’s oil shock has had investors looking for assurances that the administration will stick to a goal of narrowing its fiscal deficit.

Benchmark yields jumped the most in 16 months in August. Flip-flops over the government’s plans for a $10 billion overseas debt sale added to the pain as the issuance was meant to shift part of a record Rs 7.1 lakh crore of planned borrowings abroad. READ MORE

11:38 AM

BUZZING STOCK:: Sudden surge in HEG

11:32 AM

Nifty Pharma index off day's high