MARKET WRAP: Sensex slips 240 points as IAF strikes Pakistan terror camps

All that happened in the markets today

11:34 AM

JeM responsible for Parliament and Pathankot attacks, says Vijay Keshav Gokhale

11:31 AM

NEWS ALERT | Foreign secretary Vijay Gokhale briefs the media

11:18 AM

DHFL declines 8% as ICRA downgrades its commercial papers

Shares of Dewan Housing Finance Corporation (DHFL) slipped 8 per cent to Rs 125 apiece on the BSE in early morning trade after rating agency ICRA downgraded the company’s commercial papers (CPs) worth Rs 8,000 crore to ‘A2+’ from ‘A1+’. DHFL, however, said that the rating action by ICRA is not merit based at all. It has not taken cognizance of DHFL’s intent to extinguish CPs by end of March and the fact that it is in advanced stages of fund-raising transactions. READ MORE

11:16 AM

SPECIAL REPORT :: Kotak on real estate, diversified financials

The proposal of the GST Council to reduce GST rate on under-construction properties will likely have mixed implications for the sector with high-price inventory (such as Mumbai and NCR) benefitting the consumer, though absence of input tax credit impacting overall costing in cities such as Bangalore with lower realizations. However, the lowered tax reduces the differential pricing for under-construction and completed properties and may prompt changes in consumer behavior in terms of timing their purchases. This augurs well for retail housing finance volumes and asset quality performance of developer loans in metros

11:10 AM

NEWS ALERT

11:00 AM

NEWS ALERT

10:52 AM

NEWS ALERT | Pakistani F16s were scrambled to retaliate against IAF Mirage 2000s

10:48 AM

NEWS ALERT | Foreign Secretary Vijay Gokhale to brief the media at 11:30 am

10:46 AM

Hike in gas pipeline tariffs likely to remain a key trigger for GAIL

GAIL is trading about 16 per cent lower from its highs in August. Falling crude oil price has been a dampener and took a toll on the company’s profitability; it also raised concerns on the placement of high-priced LNG contracts.

 

During the previous quarter, the company continued to put up a good show in the natural gas marketing segment but there was disappoint in the petchem segment’s profitability. Analysts believe lower oil prices will impact performance in LPG/liquid hydrocarbons and petchem segments. READ MORE

10:46 AM

India-Pakistan tension: Market fall only a knee-jerk reaction, say analysts

The steep fall witnessed in markets on Tuesday amid reports of fresh geopolitical tensions between India and Pakistan is a knee-jerk reaction and the negative sentiment will taper-off soon, say market experts. However, if the government officially confirms the development, the uncertainty in the market would last a little longer, they say.  READ MORE

Illustration by Binay Sinha

 

10:29 AM

Nifty50 alert

The Index Maintenance Sub-Committee (IMSC) of NSE Indices Limited has decided to make the following replacement of stocks in various indices as part of its periodic review. These changes shall become effective from March 29, 2019 (close of March 28, 2019).

10:26 AM

Top Mid-cap losers

(Image source: BSE)

10:24 AM

Britannia Industries gains on inclusion in Nifty 50 from March 29

Shares of Britannia Industries were trading 1 per cent higher at Rs 3,085 on the National Stock Exchange (NSE) in an otherwise weak market after its inclusion in the Nifty 50 index with effect from March 29. In comparison, the benchmark Nifty 50 index was down 0.94 per cent at 10,778 points at 09:47 am. Britannia Industries will replace the state-owned oil marketing company Hindustan Petroleum Corporation (HPCL) in the Nifty 50 index from 29 March, the NSE said on Monday after market hours. READ MORE

10:10 AM

NEWS ALERT

10:06 AM

Volume buzzers in today's trade

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
REL. COMM.	6.03	0.02	0.33	2383606
SUZLON ENERGY	5.41	-0.22	-3.91	1957408
YES BANK	222.30	-6.85	-2.99	1272848
RELIANCE POWER	10.50	-0.55	-4.98	841859
ADANI POWER	38.80	-1.55	-3.84	655059