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

All that happened in markets today.

9:18 AM

Sectoral trends at NSE during Opening trade

9:17 AM

Market at Open

9:17 AM

Top gainers and losers on S&P BSE Sensex during Opening trade

9:16 AM

Market at Open

9:10 AM

NEWS ALERT | US FDA issues no observations to Glenmark's Indore unit inspected last week: sources to CNBC TV18

9:05 AM

Reliance Industries tank during Pre-open after attack on Saudi Aramco unit

9:03 AM

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

9:02 AM

Market at Pre-open

9:02 AM

Market at Pre-open

9:01 AM

Rupee opening

Rupee opens weaker at 71.62/$ vs Friday's close of 70.91 against the US dollar

9:00 AM

SBI drops IPO plans for general insurance arm; card JV to hit market in Q4

The largest lender State Bank has dropped its plan to take its general insurance arm public as there is no need for additional capital now, chairman Rajnish Kumar has said.

 

Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter, he said.

 

 

The bank was earlier looking for an IPO for SBI General Insurance in FY21.READ MORE

8:56 AM

Business growth moderates for four listed private life insurance players

Life insurance stocks have outperformed the broader markets in the last three months amid strong business growth and a robust outlook. The BS life insurance stock index is up 16 per cent in the last three months, while the BSE Sensex is down by about 6 per cent.

 

Though growth potential remains strong, the recent premium data highlights that growth for private players may be moderating. While the pace of growth for the four listed life insurers has come down, HDFC Life and Max Life fared better. READ MORE

8:51 AM

Adani Group, Reliance Industries to lock horns for India's data centres

Adani Group and Reliance Industries (RIL) seldom find themselves as competitors to each other. India’s data centre market would prove to be one, where both might be chasing the same set of clients, though for different reasons.

 

At RIL’s annual general meeting last month, Mukesh Ambani, chairman and managing director, announced a partnership with Microsoft to launch data centres across India. READ MORE

8:49 AM

MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade

Mutual fund (MF) schemes holding Altico Capital’s debt papers saw a 1-8 per cent dip in their net asset values (NAVs) on Friday, after the company was given ‘D’, or the default grade rating.

 

UTI MF, along with Reliance Nippon Life Asset Management (RNam), has 15 schemes exposed to the troubled developer financier, which defaulted on its interest obligations related to an external commercial borrowing on Thursday. READ MORE

8:46 AM

Saudi oil attacks raise spectre of oil at $100 per barrel, say analysts

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said. Attacks on two plants at the heart of the kingdom’s oil industry on Saturday knocked out more than half of Saudi crude output, or 5 per cent of global supply. READ MORE