markets

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	Benchmark indices slipped on Monday, dented by losses across sectors, after India slapped higher tariffs on certain US products in retaliation to Washington&rsquo;s decision to remove certain trade privileges for New Delhi.</div>
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	The government, after dragging its feet for almost a year, decided to increase tariffs on 29 high-value US agricultural and industrial imports by up to 50 per cent. <a href="https://www.business-standard.com/article/economy-policy/india-responds-to-trump-moves-at-last-with-tariff-hikes-on-29-us-products-119061500097_1.html?1560765834" target="_blank"><em><strong>READ THE FULL REPORT HERE</strong></em></a></div>
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	The investor sentiment was further dampened by investor concerns over patchy monsoon and&nbsp;the government&rsquo;s ability to bolster a slowing economy.<br />
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	The benchmark S&P BSE Sensex ended the day 491 points, or 1.25 per cent, lower at&nbsp;38,961, with Tata Steel, Tata Motors, ONGC, Vedanta, and Sun Pharma topping the list of losers. Only YES Bank, Coal India, and Infosys out of the 30 BSE constituents ended the session in the green.<br />
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	The broader Nifty50 index dipped 151 points, or 1.28 per cent, to 11,672.&nbsp;About 685 shares on the NSE advanced, 1,847 declined, and 126 shares remained unchanged.<br />
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	All the Nifty sectoral indices closed Monday&#39;s session with losses, with Nifty Metal, down 2.87 per cent, and Nifty Auto, down 1.69 per cent, taking the deepest cuts. Moreover, Nifty Bank, Nifty Fin Service, Nifty Pharma, Nifty PSU Bank, and Nifty Private Bank, all dipped over 1 per cent.<br />
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	In the broader market, the S&P BSE MidCap index settled at&nbsp;14,531, down 190 points, or 1.29 per cent, while the S&P BSE Smallcap index skidded 193 points, or 1.35 per cent, to&nbsp;14,173.<br />
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<strong>BUZZING STOCKS</strong><br />
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Shares of Reliance Infrastructure (RInfra) hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on Monday in the early morning trade after the auditors raised questions about the company&rsquo;s ability to continue in business. The stock ended the day 4.72 per cent lower at Rs 56.50.&nbsp;<strong><a href="https://www.business-standard.com/article/markets/reliance-infra-hits-over-28-year-low-as-auditors-raised-concern-over-biz-119061700144_1.html?1560747347" target="_blank">READ MORE</a></strong><br />
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Shriram Transport Finance Company shares dipped 6.54 per cent to Rs 1,014 on the National Stock Exchange (NSE) on Monday after Piramal Enterprises sold its entire 9.96 per cent stake in the company through open market. <strong><a href="https://www.business-standard.com/article/markets/shriram-transport-slides-7-8-after-piramal-sells-entire-stake-119061700172_1.html?1560748312" target="_blank">READ MORE</a></strong><br />
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Shares of New Delhi Television (NDTV) skid 8 per cent to Rs 32.10 during the early morning trade on the BSE on Monday, after markets regulator the Securities and Exchange Board of India (Sebi) banned the group chairman Prannoy Roy and director Radhika Roy from assessing the capital market for two years. However, the stock settled for the day at Rs 35, 0.57 per cent higher.&nbsp;<a href="https://www.business-standard.com/article/markets/ndtv-tanks-8-after-sebi-bars-prannoy-radhika-roy-from-securities-market-119061700173_1.html?1560749134" target="_blank"><strong>READ MORE</strong></a>

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

Business Standard

MARKET WRAP: Sensex tanks 491 pts, ends below 39k at 1-month closing low | News on Markets - Business Standard

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NEWS ALERT | PMO asked Tax dept to assess Jet Airways' tax dues: CNBC TV18

NEWS ALERT | PMO assesses dues of Jet Airways

NEWS ALERT | PMO calls review meeting on Jet Airways: CNBC TV18

Reliance Infrastructure slips 10% in Pre-open trade

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Rupee opens flat vs Friday&#39;s close of 69.80/$

UCO Bank declares Yashovardhan Birla willful defaulter for Birla Surya loan

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	State-owned UCO Bank has declared Yashovardhan Birla a willful defaulter for failing to pay a Rs 67.65-crore loan taken by Birla Surya Ltd., a company in which the businessman is a director.</div>
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	Kolkata-based UCO had given Birla Surya a credit limit of ₹100 crore. The company&#39;s present balance outstanding is ₹67.65 crore plus unapplied interest from the date it turned into a non-performing asset (NPA) on June 3, 2013. <a href="https://www.business-standard.com/article/companies/uco-bank-declares-yashovardhan-birla-willful-defaulter-for-birla-surya-loan-119061600667_1.html?1560741573" target="_blank"><strong>READ MORE</strong></a></div>

Price of silver in comparison to gold is at a 26-year low: A buy?

The price of silver in comparison to gold is at a 26-year low. This comparison is derived by calculating the ratio of the price of gold to silver. The ratio is the amount of silver that can be bought with one ounce of gold. Currently, the ratio is at 90, the highest point since March 1993. A higher ratio indicates silver is much cheaper than gold. <a href="https://www.business-standard.com/article/economy-policy/price-of-silver-in-comparison-to-gold-is-at-a-26-year-low-a-buy-119061700025_1.html?1560740352" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="silver" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-05/13/full/1494632200-9449.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="silver" width="620" /></div>
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Qatar sovereign fund likely to invest $200-250 million in Byju's

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	Byju&rsquo;s is closing a $200-250-million funding round from Qatar Investment Authority (QIA), the sovereign wealth fund of the West Asian nation, another proof of the home-grown education technology company&rsquo;s growth prospects. The deal will mark QIA&rsquo;s first direct investment in an Indian start-up. Sources directly familiar with the deal said the term-sheet had been signed between the two parties, and the deal will see QIA acquiring less than 5 per cent stake in the Bengaluru-based start-up. It could not be ascertained whether any of the existing investors are making secondary stake sale. <a href="https://www.business-standard.com/article/companies/qatar-sovereign-fund-likely-to-invest-200-250-million-in-byju-s-119061700035_1.html?1560740352" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Qatar sovereign fund likely to invest $200-250 million in Byju's" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-06/17/full/1560714796-2917.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Qatar sovereign fund likely to invest $200-250 million in Byju's" width="620" /></div>
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MARKET WRAP: Sensex tanks 491 pts, ends below 39k at 1-month closing low

All that happened in the markets today

Jet Airways plunge over 11%

Sectoral trends on NSE

Top gainers and losers on S&P BSE Sensex

Market at open