Here are the key highlights from today's trading session:

1. Financials drag market to over 1-month low

2. Sensex and Nifty slip over 3 percent each, Nifty Bank declines 7%

3. Nifty ends 314 points lower to 8,823 and Sensex 1,069 points lower to 30,029

4. Midcap Index falls 583 points to 12,409

5. 45 Nifty stocks end in the red with IndusInd Bank, Zee Entertainment and Axis Bank being top losers

6. HDFC twins, ICICI Bank, Kotak Bank and RIL drag Nifty by 164 points

7. IT stocks (Infosys and TCS) support Nifty with 24 points as rupee slips to 76/$

8. Cipla gains over 5% on positive management commentary after Q4 earnings

9. Banks slip after governemnt says no fresh insolvency proceedings for 1 year

10. Except IT and Pharma, all indices close lower

11. Volatility Index, India VIX surges nearly 8% to close at 41

12. Market Breadth favours declines; advance-decline ratio at 1:4

May 18, 2020 3:46 PM

Closing Bell: Indian market ends over 3% lower due to stimulus package, extension of nation-wide lockdown

Indian equity market ended with sharp losses on Monday despite positive cues in the global markets. The Rs 20 lakh crore stimulus package remained ineffective in impressing the investors. Also, spike of over 5,000 COVID-19 cases in the country also dented the Street's sentiment today, along with national lockdown extended till May 31.

As a result, the Sensex slumped 3.44 percent lower at 30,028, while the NSE Nifty 50 ended at 8,823, down 3.32 percent.

Among sectoral indices, Nifty Bank and Nifty Media ended with losses nearly 7 percent.

Cipla, TCS, Bharti Infratel, Infosys and HCL Technologies were the Nifty50 top gainers while IndusInd Bank, Zee Entertainment, Eicher Motors, BPCL and UltraTech Cement remained the index top losers.

May 18, 2020 3:40 PM

May 18, 2020 3:23 PM

Diageo exploring option to delist United Spirits?

After Vedanta, United Spirits could be the next in line seeking to delist from the bourses. Diageo, the British liquor giant holding roughly 56 percent stake in United Spirits through its Indian arm, is exploring the option of buying out minority shareholders and delisting the company, CNBC-TV18 learns from sources familiar with the matter. Read more!

May 18, 2020 3:15 PM

India VIX hits 40; why it matters to traders?

The India VIX (Volatility Index in short), is a measure of the expected volatility in the stock markets. It is also seen as an index that reflects the level of fear among market participants.Get…

May 18, 2020 2:58 PM

Stocks Update: Zen Technologies share price surged 9% to Rs 36.10 on the NSE after the company said that it will commercially manufacture ventilators, both for the Indian as well as the foreign market. This step taken by the company is a CSR initiative and will support efforts towards fighting COVID-19 in India.

May 18, 2020 2:46 PM

Rupee Update: The Indian currency ended lower at 75.91 against the US dollar as compared to Friday's close of 75.56. The Indian rupee ended in the red after taking weak cues from the equity market. The global markets traded higher but the Indian market lagged today after the Street remained unenthused with the relief measures announced by the Finance Minister Nirmala Sitharaman in her last 5 press conferences.

May 18, 2020 2:28 PM

Reliance Industries' rights issue to open on May 20: Key things to know

The net debt of RIL was Rs 1.61 lakh crore as on March 31, 2020, and it plans to become net debt-free by March 2021.Get latest Market online at cnbctv18.com

May 18, 2020 2:15 PM

Nippon Life AMC's shares slip 8% post weak Q4 earnings

The asset management company's net profit in the quarter ending March 2020 declined 98 percent YoY to Rs 3.7 crore due to mark-to-market losses in treasury operations. The revenue also slipped 20 percent YoY to Rs 274.5 crore.

The stock traded as much as 8 percent lower to Rs 225 on the NSE.

Emkay Research in its research report maintained a 'hold' rating on the stock but raised the target price to Rs 271 from earlier Rs 232. Limited credit risk is what prompted the brokerage to like the AMC business.

May 18, 2020 2:02 PM

Aviation stocks plunge after no relief measures announced by the FM Nirmala Sitharaman for the sector

Aviation stocks- IndiGo and SpiceJet took a deep plunge in today's trading session after the sector received no relief measures by the Finance Minister Nirmala Sitharaman in her last five press conferences.

Furthermore, the Indian government also extended the lockdown till May 31, which weakened the investors sentiment even more.

As a result, the shares of IndiGo slipped 14 percent to Rs 850 on the NSE while SpiceJet was locked in a lower circuit of 5 percent at Rs 43.35.

May 18, 2020 1:47 PM

Going back to business in a post COVID-19 world

Everyone is learning and scripting the new syllabus of how we live during these times of COVID-19 and beyondGet latest Business online at cnbctv18.com

May 18, 2020 1:36 PM

European markets open sharply higher as lockdown lifting continues

European stocks opened sharply higher Monday as investor confidence rises cautiously with lockdown restrictions around the world being lifted.

The pan-European Stoxx 600 jumped 1.8 percent at the start of trading, with basic resources climbing 3.3 percent to lead gains as all sectors and major bourses entered positive territory.

All European markets traded over 2 percent higher today.DAX and FTSE traded 2 percent each at 10,706 and 5,932 respectively. CAC traded 2.18 percent higher at 4,371.

Economies across the continent continue to lift lockdown restrictions, allowing more businesses to cautiously open. There is growing discontent among swathes of the public at the speed of the lifting of restrictions, however, with large-scale anti-lockdown protests seen in Germany this weekend.

May 18, 2020 1:15 PM

Stocks Update: Praj Industries recovered from day's low to trade 2 percent higher after the company announced that it has signed a cooperation agreement with Sweden-based Sekab-E-Technology AB to upgrade and commercialize its base technology to produce advanced biofuels and biochemicals.

May 18, 2020 1:05 PM

May 18, 2020 12:51 PM

Coal India's shares fall 6%

Shares of Coal India Ltd (CIL) plunged 6 percent on Monday after the government decided to open the mining sector for private companies, allowing wider participation to increase coal production in the country. The stock fell 6.02 percent to hit intraday low of Rs 121.70 apiece on the BSE. The stock has declined over 47 percent in last one year. At 12.25 pm, shares of Coal India traded 4.90 percent lower at Rs 123.15 per share. To curb coal import and enhance coal production in India, the Finance Minister Nirmala Sitharaman on Sunday announced the auction of coal blocks for commercial mining, allowing private sector investment with relaxation on entry barrier, and under a revenue sharing model. The auction for commercial mining will now not restrict bidders on the basis of minimum net worth or technical qualification.

May 18, 2020 12:37 PM

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