MARKET WRAP: Sensex sheds 262 pts; Nifty ends at 11,004; OMCs slip up to 7%

All that happened in markets today.

12:28 PM

NEWS ALERT | Gold jumps 1% as Saudi attack lifts safe-haven bets: Reuters

-- Attack on Saudi Arabia’s oil facilities dented risk appetite, and boosted demand for the safe-haven bullion

-- Spot gold was up 1% at $1,503.52 per ounce, as of 9:40 am

-- US gold futures rose 0.8% to $1,511.20 per ounce.

12:26 PM

Trade war: China industrial output growth at 4.4% in Aug; slowest in 17 yrs

The slowdown in China's economy deepened in August, with industrial production growing at its weakest pace in 17-1/2 years amid rising US trade pressure and softening domestic demand. Retail sales and investment gauges also worsened, data on Monday showed, reinforcing views that China is likely to cut some of its key interest rates this week for the first time in over three years to prevent a sharper slump in activity. READ MORE

12:17 PM

NEWS ALERT | ARAMCO officials told Indian refiners there won't be any supply shortage: Oil Min officials

-- They are closely monitoring the supply situation along with refiners

(Via ET Now)

12:12 PM

NEWS ALERT | August WPI inflation unchanged at 1.08% on a MoM basis

-- Manufactured products inflation flat at 0.34%

-- Primary articles inflation at 6.43%

-- Fuel and Power inflation at -4% vs -3.64

12:04 PM

BPCL, HPCL, IOC appear bullish on the charts despite a surge in oil prices

Brent oil prices rallied on Monday, surging past the $70 a barrel mark after the largest-ever disruption of crude production in Saudi Arabia amid drone attacks on its key facilities. The disruption, analysts say, may keep oil prices elevated in the near term. READ MORE HERE

11:59 AM

MARKET CHECK

11:55 AM

NEWS ALERT | PSBs reach out to IRDA, seeking time to reduce stake in insurance subsidiaries: sources to CNBC TV18

11:54 AM

NEWS ALERT | Dr Reddy's launches over-the-counter Prevacid capsules

11:51 AM

BUZZING STOCK:: Wockhardt Ltd zooms over 7%

11:47 AM

NEWS ALERT | KKR converts exposure in CG Power from trust to direct stake of 10.8%: sources to CNBC TV18

-- KKR, previously, had voting right in CG Power but no stake

Alert: 10% equity of CG Power changed hands on the NSE BL window earlier today

       : KKR, other lenders invoked pledge to Avantha Group in March 2019

11:38 AM

Weekly Derivative Pick :: ICICI Securities

Long Vedanta (VEDLIM) September future in the range of Rs 147-149 | Target: Rs 165 | Stop Loss: Rs 139

Metal stocks had come under severe selling pressure in the last couple of months as the US-China trade spat hogged the limelight. Vedanta witnessed significant short additions as OI in the stock had swelled to 70 million shares in the August series from just 20 million shares in May. Early signs of short covering are visible in the stock as OI has declined below 60 million shares in the last session. Moreover, the stock was able to end near its highest Call base of 150 strike. We expect positive momentum to continue in the stock on the back of short covering towards | 165 in the short-term.

11:35 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	5.39	0.01	0.19	6044945
YES BANK	67.50	-1.10	-1.60	4171644
BIOCON	232.60	0.05	0.02	3479485
NBCC	37.70	0.15	0.40	1675510
RELIANCE CAPITAL	36.85	0.45	1.24	1506789

11:28 AM

Colgate Palmolive rallies 6% in a weak market, trades near record high

Expectations of recovery in volume pushed shares of Colgate Palmolive India 6 per cent higher intra-day to Rs 1,327 in an otherwise weak market on the BSE on Monday. The personal products company's stock, which was trading higher for the third consecutive trading session, was quoting close to its record high level of Rs 1,365, touched on January 1, 2019. READ MORE

11:24 AM

NEWS ALERT | JKumar Infraprojects bags order worth Rs 324 cr from MMRDA: BSE filing

11:16 AM

NEWS ALERT | L&T Construction bags contracts in the range of Rs 1,000-2,500 cr: BSE filing