MARKET WRAP: Sensex zooms 489 pts, Nifty over 11,800; Jet Airways soars 90%

All that happened in the markets today

11:56 AM

NEWS ALERT | NCLT will pass order on SBI plea at 5 PM today

11:53 AM

NEWS ALERT | PSP Projects gets orders worth Rs 607 cr in Maharashtra; stock gains 2.2%

11:46 AM

Jet Airways zooms 31%

11:44 AM

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

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ALEMBIC PHARMA	464.00	462.60	-5.50	-1.17
AMARA RAJA BATT.	583.80	572.60	1.80	0.31
BOSCH	16361.45	16067.00	103.00	0.63
CARE RATINGS	925.00	917.95	5.00	0.54
CEAT	896.40	872.05	-1.55	-0.17

11:26 AM

Reliance Infra surges 16.4%

11:25 AM

NEWS ALERT | LIC Housing Fin makes timely principal payment of Rs 600 cr: CNBC TV18

- Also makes interest payment of Rs 42 cr on NCDs

11:10 AM

YES Bank dips 5% to trade in double digits for the first time in five years

YES Bank shares tumbled to a double-digit value of Rs 98.75 per share, down 4.6 per cent intra-day, for the first time in almost half a decade as investors’ sentiment eroded due to the bank’s exposure to debt-laden companies. At 10:30 am, the stock was trading at Rs 106.35 apiece, up 3 per cent, having pared losses registered during the morning deals. In comparison, the S&P BSE Sensex was trading 0.2 per cent higher at 39,191 levels. READ MORE

YES Bank Photo: Reuters

11:07 AM

NEWS ALERT | Gold sprints to over 5-year peak after Fed hints at rate cuts: Reuters

- Spot gold was up 1.4% at $1,378.45 per ounce as of 10:15 am, after hitting its highest since March 17, 2014 at $1,383.81.

 

- US gold futures surged 2.5% to $1,382.60 an ounce.

Alert: US Federal Reserves kept rates unchanged in June policy meeting but said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month.
 

11:00 AM

Index contributors at this hour

10:58 AM

Market check | Sensex extends rally

10:54 AM

Indiabulls Housing Fin gains 6% in trade

- Management told a TV channel that it has no exposure to DHFL, Anil Ambani Cos.

10:48 AM

Apollo Hospitals gains over 3% after sale of health insurance biz to HDFC

Shares of Apollo Hospitals rose 3.8 per cent to Rs 1,404 while those of Housing Development Finance Corporation (HDFC) climbed 1 per cent to Rs 2,200 after it was announced that the mortgage lender would acquire controlling stake of 51.2 per cent in the Apollo Munich Health Insurance for about Rs 1,347 crore. After the acquisition, Apollo Munich Health Insurance will be merged with the non-life insurance arm of mortgage lender HDFC Ergo. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months. READ MORE

10:40 AM

These 5 stocks are likely to slip into Rs 100 club, show technical charts

The recent sharp fall in the stock market has seen many stocks entering the Rs 100 club. This club includes those stocks that have fallen below Rs 100 levels after a strong upside. Counters like Dewan Housing Finance Corporation (DHFL), Jet Airways (India), IRB Infrastructure Developers, Reliance Capital, Reliance Infrastructure have joined this club by falling below Rs 100-mark as they hurt the investor sentiment and relevance of long-term portfolio for investors. READ MORE

10:33 AM

J&K Bank rises 5.6%

10:32 AM

Nifty sectoral indices at this hour