Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

3:42 PM

BSE Smallcap Heatmap:: Lloyd Steel, PSB shine; DigiSpice, Vakrangee whine

3:40 PM

BSE Midcap Heatmap:: Yes Bank zooms 125; Bank of India, IDBI take a knock

3:39 PM

Broader market: Midcaps lose in line with benchmark Nifty; Smallcaps take a bigger hit

3:37 PM

Nifty 50:: Top Losers on Friday - IT heavweights, RIL

3:36 PM

Nifty 50:: Nestle, Sun Pharma, ITC among top gainers in a weak market

3:35 PM

Sensex 30 Heatmap:: 12 Gainers v/s 18 Losers

3:34 PM

CLOSING BELL:: Nifty 50 ends at 18,497, down 113 points

3:32 PM

CLOSING BELL:: S&P BSE Sensex ends 389 points lower at 62,182

3:20 PM

BSE 500:: Vakrangee, Yes Bank, Cummins among volume shockers

Vakrangee witnessed unusally high volume of around 64.33 lakh shares so far on the BSE as against its five-day average volume of around 5.20 lakh shares. Similarly, Yes Bank, Century Plyboard, V-Guard Industries and Cummins India were the other volume toppers on Friday.

3:10 PM

Global Check:: US, UK stocks futures exhibit listless trade

Source: Investing.com

2:59 PM

IT stocks tumble as Credit Suisse warns of valuation-led correction

Shares of information technology (IT) companies slipped in trade on Friday after Credit Suisse warned of a 10 – 27 per cent valuation-led correction in these stocks amid US macro headwinds. The Nifty IT index lost over 3 per cent in intra-day trade with frontline stocks such as HCL Technologies (HCL Tech), Mphasis, Tech Mahindra and Infosys slipping between 3 per cent and 7 per cent. READ MORE

2:48 PM

NEWS ALERT:: Som Distilleries & Breweries board approves fund raising up to Rs 100 cr

The company shall raise up to Rs 49 crore by way of rights issue in the ratio to be announced later. Further, by way of issue of 65 lakh warrants on preferential basis to the promoters at Rs 142 per share. 

2:37 PM

Oil bounces on pipeline shutdown but heads for weekly loss on demand woes

Oil prices bounced higher on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly loss on worries over slowing global demand growth. READ MORE

2:25 PM

BSE 500:: Yes Bank, Patym, Kalpatru among top gainers in a weak market

Yes Bank up 12 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Paytm, New India Assurance, Jubilant Pharmova and Kalpataru Power, up 7 - 8 per cent each.

2:14 PM

Global Check:: Nikkei, Hang Seng log smart gains in Asia trade

Source: Yahoo Finance