MARKET WRAP: Indices end flat, auto, metal stocks slip; SpiceJet jumps 16%

All that happened in markets today

2:05 PM

ONGC slips over 3%

1:55 PM

NEWS ALERT | Suzuki enters into tech sharing agreement with Toyota

1:52 PM

Sectoral trends on NSE

1:43 PM

IndiGo, SpiceJet gain upto 7%; Jet Airways slips 6%

Shares of InterGlobe Aviation, parent of IndiGo, and SpiceJet rallied by up to 7 per cent in intra-day trade on BSE on Wednesday in an otherwise range-bound market. The stock of Jet Airways slipped 6 per cent to Rs 214 in intra-day trade today on report that angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. READ MORE

1:27 PM

Stocks that hit 52-week high on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
AXIS BANK	756.65	766.70	-4.35	-0.57
IPCA LABS.	936.55	947.60	16.55	1.80
KARNATAKA BANK	131.25	134.45	0.95	0.73
RELIANCE INDS.	1377.00	1386.60	1.75	0.13
TITAN COMPANY	1101.00	1115.50	-8.15	-0.73

1:16 PM

Vodafone Idea falls 7% as board approves rights issue at Rs 12.50 per share

Shares of Vodafone Idea slipped 7 per cent to Rs 29.65 on the BSE in intra-day trade after the company announced its board approved rights issue of Rs 25,000 crore at price of Rs 12.50 per share. The stock was trading close to its all-time low level of Rs 28.80 touched on February 6, 2019 in an intra-day deal. READ MORE

1:12 PM

NEWS ALERT | Embassy Office REIT IPO gets fully subscribed

12:54 PM

Small finance banks likely to witness some margin pressure, say analysts

Small finance banks are likely to witness some margin pressure in the near to medium term (see chart), said analysts. This is due to a change in their loan book mix with lower share of micro loans that attract higher yields on one hand, and more deposits at higher rates on the other hand. READ MORE

12:41 PM

Bank of Baroda hits six-month high; surges 23% in one month

Shares of Bank of Baroda (BoB) hit a six-month high of Rs 127, up 2 per cent on the BSE, outpacing the market by surging 23 per cent in past one month. In comparison, the benchmark S&P BSE Sensex was up 7.5 per cent during the same period. READ MORE

12:28 PM

Vodafone Idea slips 5% after Rights issue announcement

12:19 PM

NEWS ALERT | Record date for Rights issue is April 2

12:15 PM

NEWS ALERT | Vodafone Board approves rights issue up to Rs 25,000 crore at Rs 12.50/share.

12:15 PM

NEWS ALERT | Rights issue opens on April 10 and closes on April 24

11:57 AM

Market check

11:43 AM

Auto firms on a slippery path over sliding demand, higher inventory levels

Most brokerages have cut their volumes and earnings growth estimates given that the lack of demand, which started from the festival season in October, has continued resulting in higher inventories. READ MORE