Sensex, Nifty fall over 1% on Indo-Myanmar border tension; banks drag

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12:44 PM

Buzzing stocks 

Shares of cable television companies Den Networks and Hathway Cable & Datacom rallied by upto 13% on BSE in an otherwise weak market on back of heavy volumes.

 

Den Networks surged 13% to Rs 99.15 on BSE on back of seven-fold jump in trading volumes after media report suggests that Reliance Industries in talks to acquire the company. READ MORE 

12:25 PM

Use arbitrage funds to park short-term money

 

Arbitrage funds are gaining in popularity among investors, as is evident from the growing assets under management (AUM) of this category. Seventeen funds had a cumulative AUM of Rs 43,651 crore at the end of August, an increase of 36 per cent over a year. In a declining interest rate environment, knowledgeable retail investors might consider investing in these. READ FULL ANALYSIS

12:01 PM

Buzzing stocks 

MOIL and Manpasand Beverages were down 3% each on the BSE after the two stocks traded at their adjusted price of 1:1 bonus shares. READ MORE

MOIL

11:46 AM

Soon, trade in commodities at a nearby bank

 

Soon, your neighbourhood banker would be able to offer you trading in derivatives of gold, crude oil or even some of the agricultural commodities. The Reserve Bank of India (RBI) has opened the way for large banks to enter commodity broking services, through subsidiaries. The move could help substantially expand the client base of the commodity derivatives market, at a time it is bringing in new products such as options. READ FULL REPORT

11:06 AM

Broader markets pare gains

 

BSE Midcap and the BSE Smallcap indices pared morning gains to slip 0.5% and 0.1%, respectively.

11:05 AM

Markets check

At 11:00 am, the S&P BSE Sensex was trading at 31,399, down 200 points, while the broader Nifty50 was ruling at 9,807, down 64 points. 

10:44 AM

Buzzing stock

 

Petron Engineering Construction is locked in upper circuit for the third straight session, up 5% at Rs 147 on BSE, extending its past two days 9% gain, after the company said it has received purchased order worth of Rs 280 crore from JSW Steel. READ MORE

10:30 AM

Trading strategies for a falling rupee

 

There are fundamental reasons why the rupee might slide more versus euro, pound and above all, the dollar. Real rupee interest rates would reduce if domestic inflation rises and the Reserve Bank of India  (RBI) doesn’t raise policy rates. CLICK HERE TO READ MORE

10:16 AM

New kid on the block 

 

ICICI Lombard General Insurance Company listed at Rs 650, 2% lower that its initial public offer (IPO) price of Rs 661 per share on the BSE. The stock listed at Rs 651 on the National Stock Exchange (NSE). Post listing, the stock hit a high of Rs 655 and a low of Rs 638 on BSE so far. CLICK HERE FOR FULL REPORT

10:00 AM

Rupee extends weakness

 

After opening higher, rupee depreciated 10 paise to 65.54 against Tuesday's closing of 65.45 against dollar.

9:48 AM

Buzzing stock 

Sun Pharma slipped over 2% to Rs 490 after the pharma major's 25th Annual General Meeting held on Tuesday. The stock was the top loser on Sensex and Nifty.

9:38 AM

India's share in global m-cap at 7-month low

 

Recent fall in rupee and stocks pushes down ranking; Nifty is down around 5% in dollar terms so far this month. CLICK HERE FOR FULL REPORT

9:31 AM

Broader markets outperform

 

The BSE Smallcap index added nearly 1%, while the BSE Midcap index was up 0.4%. 

9:26 AM

Nifty Pharma index leading sectoral loser 

The index was down nearly 1%, led by losses in Divi's Labs and Sun Pharma. 

Source: NSE

9:22 AM

Sensex heatmap at open 

Source: BSE