Here are the major highlights and trends from Tuesday’s trading session##Here are the major highlights and trends from Tuesday’s trading session

Thank you readers and before we end our rolling coverage of the markets today; here are the major highlights and trends from today’s trading session:

-Last-hour surge helps market close the Tuesday’s session off lows

-Nifty gains 85 points from the intra-day low of 11,908 to end near 12,000

-Sensex recovers 283 points & Nifty Bank 310 points from lows

-Midcap index gains 165 points from lows to settle at 17,726

-IT & PSU stocks lead the last-hour recovery; SBI, Infosys, TCS top gainers

-IT lifts Nifty by 12 points while financials and telecom drag by 34 points

-Bharti Airtel, Vodafone Idea, Bharti Infratel under pressure on the AGR issue

-Hathway, Network18, Den & Tv18 post healthy gains after consolidation

-IRCTC back at record high, up over 8 percent in trade

-Amongst indices, PSU index gains 3 percent from lows; BEL, Oil India top gainers

Feb 18, 2020 3:47 PM

Sensex heatmap at close: Infosys, SBI among top gainers, Bharti Airtel, IndusInd Bank top losers##Sensex heatmap at close: Infosys, SBI among top gainers, Bharti Airtel, IndusInd Bank top losers

Feb 18, 2020 3:42 PM

Closing Bell: Sensex, Nifty end lower as banks, metal stocks drag indices##Closing Bell: Sensex, Nifty end lower as banks, metal stocks drag indices

Domestic stock markets settled Tuesday's trade in the red, as a revenue warning from tech giant Apple Inc signalled mounting financial fallout on businesses from the coronavirus epidemic in China. The rapidly spreading virus has killed nearly 1,900 in China and stricken some 72,000 people. The Sensex lost 161.31 points, or 0.39 percent, to settle Tuesday's trade at 40,894.38. The Nifty fell by 38.10points, or 0.32 percent, to end at 11,992.50. The Nifty MidCap 100 index lost 0.56 percent, while the banking gauge, Nifty Bank declined 0.39 percent. Metals, banks and auto sectors were the worst hit, while only IT outperformed. Bharti Infratel shares ended 11 percent lower.

Feb 18, 2020 3:32 PM

Mutual Funds and FPIs bought these stocks in January 2020

Mutual funds (MF) were net sellers in energy, IT and financial services, while they bought 'high beta' sectors like telecom, private banks, consumer discretionary and utilities in January 2020, according to a report by ICICI Securities.

Feb 18, 2020 3:26 PM

SBI Cards IPO likely to hit market early March, says report##SBI Cards IPO likely to hit market early March, says report

SBI Cards and Payment Services has received approval from the Securities and Exchange Board of India for its proposed initial public offering and may launch the IPO next month. SBI Cards is in process of finalising the timelines for the IPO in the next two days and plans to launch the IPO by early March, reported Mint, citing two people aware of the development. The SBI Cards IPO receives Sebi approval on February 11 and is reportedly aiming to raise about up to Rs 6,000 crore. SBI Cards, the second-largest credit card issuer in India with an 18 percent market share, had filed draft papers with Sebi in November 2019. READ MORE

Feb 18, 2020 3:14 PM

Here's a quick recap of what has so far happened in the markets today##Here's a quick recap of what has so far happened in the markets today

-Benchmark indices were lower today as investors fear that Indian companies may cut their forecast for revenues as concerns rose over the spread of coronavirus hurting overall economic growth. This comes after Apple Inc said on Monday that it would not be able to meet its revenue guidance for the March quarter as coronavirus had slowed production and weakened demand in China.

-Heavy selling in the shares of major banks on concerns that their loans to Vodafone Idea may turn non-performing following the Supreme Court's ruling on adjusted gross revenue dues, also weighed.

-At 3 pm, the Nifty50 index was at 11,968, down 0.64 percent, while the BSE-Sensex was at 40,808, down 0.62 percent.

-The Nifty Metal index was one of the worst-hit among sectoral indices on the NSE.

Feb 18, 2020 3:04 PM

Edelweiss Broking's top buy, sell ideas after Q3 earnings review

Edelweiss Broking believes that Q3FY20 earnings showed weakness across the board on the back of a slowdown in economic activities in the country.

Feb 18, 2020 2:58 PM

LIC IPO: Irdai says a formal proposal is yet to come##LIC IPO: Irdai says a formal proposal is yet to come

Insurance watchdog Irdai is yet to get any proposal from life insurance behemoth LIC on an initial public offering but feels a listing is better from a governance perspective, chairman S C Khuntia said on Tuesday. He also said that there is nothing for the life insurance industry to worry for the time being with regard to the government's move on certain income tax exemptions as the alternative to invest still exists. READ MORE

Feb 18, 2020 2:45 PM

Bharti Infratel falls over 10% on concerns over tower tenancy##Bharti Infratel falls over 10% on concerns over tower tenancy

Shares of Bharti Infratel fell over 10 percent on Tuesday as concerns over tower tenancy deletions and earnings dampened investor sentiment after the Supreme Court Monday rejected Vodafone Idea's appeal that the telecom department not invoke its bank guarantees to recover dues related to adjusted gross revenue.

Feb 18, 2020 2:28 PM

Grasim falls 3% tracking losses in Vodafone Idea##Grasim falls 3% tracking losses in Vodafone Idea

Shares of Grasim Industries fell nearly 3 percent to hit a one-month low of Rs 715.55 today as investors were concerned about the solvency of Vodafone Idea, in which the former holds a 11.6 percent stake, in light of the Supreme Court's order on payment of gross revenue dues by telecom companies. Shares of Vodafone Idea tanked as CARE and India Ratings cut their rating on long-term debt of the company due to a significant erosion in its overall risk profile.

Feb 18, 2020 2:19 PM

Sensex trades lower, Nifty still below 12,000##Sensex trades lower, Nifty still below 12,000

At 14:05 pm, the Sensex was trading lower by 362.30 points or 0.88 percent at 40,693.39 and the Nifty dropped 114.35 points or 0.95 percent to 11,931.45.

Feb 18, 2020 2:05 PM

Feb 18, 2020 1:45 PM

Feb 18, 2020 1:39 PM

Bharti Airtel retreats from record high on profit booking##Bharti Airtel retreats from record high on profit booking

Shares of Bharti Airtel fell sharply after hitting a record high of Rs 568.85 earlier in the session as investors booked profits. Shares of the company had rallied in the aftermath of the Supreme Court lambasting telecom companies and the Department of Telecommunications last week for not meeting the timeline for payment of additional spectrum dues and penalties to the government due to expectations that a likely exit of Vodafone Idea would lead to market share gains.

Feb 18, 2020 1:24 PM

Barbeque Nation files for Rs 275 crore IPO##Barbeque Nation files for Rs 275 crore IPO

Feb 18, 2020 1:15 PM

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