MARKET WRAP: Sensex tanks 491 pts, ends below 39k at 1-month closing low

All that happened in the markets today

9:58 AM

Market outlook: Sensex, Nifty trend appears weak. It's time to be cautious

A rise in the Nifty has been used for squaring longs and shorting stocks. The medium-term support of 11,550 - 11,500 should act as a range for a bounce. READ MORE:

9:56 AM

Vedanta down 2%

9:53 AM

Motilal Oswal Financial Services on Godrej Consumer

While the stock price is down nearly 30% from its peak, there is yet no clear indication that earnings slowdown (7% PBT growth in the past three years) will turn around materially in FY20 to anywhere close to earlier levels. GCPL’s efforts to reduce inventory days, particularly in the African business is yet to make a substantial impact on the consolidated level. Valuations of 34.7x FY21, while cheaper than peer average, offers limited upside on considering weaker than best of breed peer earnings visibility and less than peer ROCE levels (at least currently). Maintain Neutral. 

9:51 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
REL. COMM.	1.41	-0.06	-4.08	3216467
PC JEWELLER	50.40	-7.00	-12.20	2567174
RELIANCE CAPITAL	70.40	-6.15	-8.03	1457664
YES BANK	116.60	1.25	1.08	1128651
RELIANCE POWER	5.26	-0.16	-2.95	1099635

9:50 AM

Lupin trades lower after recalling 18,000 bottles of antibiotic drug used to treat bacterial infections from the US market

9:49 AM

Reliance Industries down over 1.5%

9:47 AM

Reliance Capital dips 8%

9:38 AM

Momentum picks by ICICI Securities

9:28 AM

NDTV slips over 3% after Sebi takes action against Prannoy Roy and Radhika Roy

9:26 AM

Metals under pressure, Nifty metal index down over 1%

9:25 AM

NEWS ALERT | Piramal Enterprises sold 9.96% stake in Shriram Transport Fin via block deal: sources to CNBC TV18

9:24 AM

Broader markets in line with benchmarks

9:23 AM

Market check | Sensex continues fall

9:21 AM

Reliance Infrastructure slips over 8%

9:21 AM

Shriram Transport Fin Co slides over 4% on 10% equity share exchange on NSE