MARKET WRAP: Sensex dips 495 pts; Nifty below 11,600; RIL, financials drag

All that happened in the markets today

10:58 AM

Prabhudas Lilladher on Ashoka Buildcon

ASBL has delivered a Sale/PAT CAGR of 11%/23% over FY14-18 with average RoE/RoCE of 13%/17%. We believe that a strong order backlog & order inflow,

along with pickup in execution, would drive its revenue growth and margins. Improving visibility/macro environment both in Road and T&D sector will develop

prominence in EPC projects, thus benefiting the company.

10:57 AM

RIL stock price factors in most positives, say brokerages

Reliance Industries (RIL) dipped nearly 2 per cent on Monday to Rs 1,345 levels on the NSE, after the company reported a 9.8 per cent jump in its net profit for the January – March 2018 quarter of the financial year 2018 – 19 (Q4CFY19) on Thursday. The gross refining margins (GRM), however, were a disappointment at $8.2 per barrel, compared to $11.1 per barrel y-o-y. The March 2019 quarter GRM is the lowest since the October-December 2014 period, which was at $7.3 per barrel. READ MORE

10:57 AM

Kotak Securities on RBI minutes

The minutes of the April MPC meeting reiterated the need to address growth after the objective of low and durable inflation has been achieved. There were, however, some concerns about fiscal slippages and a sharp reversal in inflation due to a weak monsoon. We continue to see room for another 25 bps of rate cut in 1HFY20 on the back of a benign growth-inflation mix. However, uncertainties surrounding the outcomes of election, monsoons and budget should restrain the MPC from cutting the repo rate in June.

10:46 AM

Market check

10:45 AM

Market check

10:28 AM

Gold check | Gold rebounds from four-month lows, spot gold up 0.4 per cent at $1,279.48 per ounce : Reuters

Gold prices rebounded on Monday from a near four-month trough hit in the previous session having touched $1,270.63 - its lowest since Dec. 27, 2018. The metal dropped 1.2 per cent in the previous week, marking a fourth consecutive weekly decline. U.S. gold futures were 0.5 per cent higher at $1,281.70 an ounce. 

10:15 AM

Buzzing Stock | Indiabulls Real Estate loses 3.23%

10:10 AM

Jet crisis: From SBI to IOB, PSBs to be hit hardest if there's no buyer

Public sector banks (PSBs), which account for 70 per cent of the over Rs 7,000-crore loan given to Jet Airways, will take the biggest hit if no buyer is found for the ailing and now temporarily shut airline. READ MORE

Jet Airways

9:57 AM

Reliance Capital slips over 10%

9:54 AM

Nifty IT: The only index trading in green today

9:50 AM

NEWS ALERT | KPIT Tech settles at Rs 99 per share in Pre-opening session on NSE

9:49 AM

Stock Alert | Jet Airways hits an intra-day low of Rs 126.65 apiece

9:45 AM

Nifty Auto index slips in trade

9:43 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
REL. COMM.	2.09	-0.11	-5.00	10436471
SPICEJET	138.55	2.30	1.69	1600070
JET AIRWAYS	137.25	-26.65	-16.26	680577
PC JEWELLER	141.25	-3.95	-2.72	475213
IDBI BANK	42.75	-0.65	-1.50	440293

9:42 AM

BSE Auto index trading in red

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)	VOLUME
ASHOK LEYLAND	93.20	95.85	92.80	-2.50	-2.61	3.58	384008
TATA MOTORS	233.35	236.35	232.70	-2.55	-1.08	5.11	218863
MOTHERSON SUMI	155.00	157.15	154.50	-2.15	-1.37	0.40	25637
APOLLO TYRES	214.00	217.00	213.65	-4.85	-2.22	0.47	22103
M & M	680.00	688.00	678.40	-3.40	-0.50	0.42	6120
BHARAT FORGE	489.20	500.00	489.15	-10.55	-2.11	0.30	6068
EXIDE INDS.	217.80	220.90	217.25	-3.15	-1.43	0.11	4905
TVS MOTOR CO.	511.80	516.00	506.75	-6.40	-1.24	0.20	3988
HERO MOTOCORP	2735.30	2748.40	2730.00	-4.00	-0.15	0.87	3198
MARUTI SUZUKI	7375.00	7434.00	7363.25	-66.10	-0.89	1.78	2419
BALKRISHNA INDS	943.00	963.00	943.00	-17.45	-1.82	0.15	1563