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

All that happened in markets today.

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

9:15 AM

NEWS ALERT | FM Nirmala Sitharaman to meet chiefs of Public Sector Bank today at 5 pm: Govt sources

-- To brief media at 7 pm.

9:11 AM

NEWS ALERT | IIFL Wealth settles at Rs 564/share in pre-open on NSE

9:03 AM

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

9:03 AM

Market at Pre-open

9:02 AM

Rupee opening

Rupee opens lower at 71.35/$ vs Wednesday's close of 71.23 against the US dollar

9:02 AM

Market at Pre-open

8:52 AM

Unsold inventory for top real estate developers scales new high in FY19

The country’s top real estate developers continue to add unsold inventory at a steady pace, leading to a deterioration in the industry’s financial ratios. The top 25 developers, whose audited finances for FY19 are available, were sitting on unsold inventory worth nearly Rs 1.4 trillion at the end of March this year, up 19 per cent year-on-year (YoY). READ MORE

8:51 AM

Start-up sectors that have the highest probability of receiving funding

PROBABILITY OF FUNDING
 

Sectors such as consumer internet and enterprise applications have seen the most number of start-ups, but only 10-13 per cent of them got funded. Chances of getting funded improved if you were doing a start-up in the areas of artificial intelligence, life sciences, Internet of Things, and enterprise infrastructure, shows this data.

8:48 AM

Stocks to watch: Axis Bank, IIFL Wealth, Zee Group, Indian Bank, steel cos

Here's a look at the top stocks that may remain in focus today -

 

Axis Bank: The private sector lender is likely to launch qualified institutional placement (QIP) process soon to raise Rs 14,000 crore.

 

Indian Bank, Allahabad Bank: Government-owned Indian Bank on Wednesday got a nod from its board to raise Rs 5,000-crore capital from the government through preferential allotment. The board also approved the proposed merger with Allahabad Bank. READ MORE

8:45 AM

RCom subsidiary files bankruptcy protection without prior consent

Debt-ridden telecom firm Reliance Communications on Wednesday said its subsidiary GCX filed for bankruptcy protection in the US without any prior consent of the company.

 

The B2B arm of RCom, GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States bankruptcy code last week, as per a regulatory filing. READ MORE

8:42 AM

FMCG stares at worst slump in revenue growth in 15 years: Report

According to a recent report by Credit Suisse, the slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation. “In our assessment, the slowdown started in 2016. It was camouflaged first by trade disruptions in 2017 caused by demonetisation and the goods and services tax (GST), and then by a low base effect, leading to high growth in FY19,” it added. The revenue growth of FMCG sector in the country grew at a compound annual growth rate (CAGR) of around 7 per cent, it added. READ FULL REPORT HERE