MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9%

All that happened in markets today

1:24 PM

Stocks that hit 52-week low on BSE500

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
REL. COMM.	3.11	3.11	-0.16	-4.89
SHOPPERS ST.	445.40	443.00	-12.80	-2.79

1:14 PM

PNB's stake sale in housing finance arm 'credit positive': Moody's

The sale of Punjab National Bank's 13 per cent stake in PNB Housing Finance is credit positive as it will strengthen the bank's capital, Moody's said Monday. Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group and alternative investment firm Varde Partners. READ MORE

1:05 PM

Sectoral trends on NSE

12:52 PM

BJP Manifesto

12:49 PM

Kotak Securities on NIIT Tech

Baring Asia Private Equity (Baring) has agreed to acquire the founders’ (promoters + NIIT) 30.2% stake in NIIT Technologies for Rs1,394/ share or 17.4X consensus FY2020E earnings. The acquisition reflects continued interest from PE firms in mid-tier companies listed in India and strategic buyers for private or US-listed offshore pureplays. This acquisition marks the first transaction in recent times at a >15X forward multiple for an India-listed IT services company by a PE player.

12:47 PM

Sugar stocks under pressure

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)	VOLUME
BAJAJ HINDUSTHAN	9.37	10.08	9.21	0.26	2.85	0.58	614196
BALRAMPUR CHINI	134.80	146.90	133.20	-10.55	-7.26	5.41	401108
SH.RENUKA SUGAR	11.93	12.53	11.81	-0.29	-2.37	0.24	204110
DWARIKESH SUGAR	29.25	30.60	29.00	-1.35	-4.41	0.18	60511
DHAMPUR SUGAR	220.10	235.00	216.95	-12.35	-5.31	1.18	53763
KCP SUGAR &INDS.	16.75	17.25	16.75	-0.25	-1.47	0.05	30944
TRIVEN.ENGG.IND.	61.75	62.80	60.15	-0.55	-0.88	0.16	26588
RANA SUGARS	3.70	3.87	3.70	-0.02	-0.54	0.01	21279

12:47 PM

Anand Rathi on Cement sector

Being the construction season,we expect a pick-up in government infrastructure activity along witha rise in cement prices. Softening costs; however, might slightly push up profitability. Top picks: Ramco, Birla Corp, Sagar, Heidelberg and Star. Risk: Rising pet-coke prices.

12:39 PM

NEWS ALERT | Equity inflows including ELSS best since October 2018

12:39 PM

NEWS ALERT | March arbitrage fund outflow at Rs 3,998 crore vs outflow of Rs 482 crore (MoM)

12:38 PM

NEWS ALERT | March balanced fund outflow at Rs 3,181 crore vs outflow of Rs 1,077 cr (MoM)

12:38 PM

NEWS ALERT | March equity inflows (Incl ELSS) at Rs 11,756 crore vs Rs 5,122 cr (MoM)

12:32 PM

BJP Manifesto: Work towards creating a single-window compliance and dispute resolution mechanism for MSMEs

12:31 PM

BJP Manifesto: Achieve the goal of Clean Ganga by 2022

12:28 PM

BJP Manifesto: Try to build consensus on the idea of simultaneous elections

12:25 PM

BJP Manifesto: Will expedite actions to bring fugitive economic offenders back to India and prosecute them for their crimes