Here are the key takeaways from today's trading session:
1. Market erases gains of last two sessions, Nifty ends below 10,100 and Sensex 34,000
2. Sensex and Nifty slip over 1% each, Nifty Bank falls more than 2%
3. Market breadth favours decline with Midcap index slipping 54 points to 14,189
4. Sensex closes 414 points lower at 33,957 and Nifty 121 points lower at 10,047
5. Nifty Bank drops 462 points to 20,725; HDFC Bank and ICICI Bank are top losers
6. 36 Nifty stocks close with cuts; GAIL, Wipro and Tata Motors top losers
7. HDFC Bank, RIL and ICICI Bank drag Nifty while HDFC, Dr Reddy's and Sun Pharma support
8. Dr Reddy's, Sun Pharma & Lupin surge to 52-week highs with pharma index gaining nearly 2%
9. IndusInd Bank continues to move higher on promoters plan to buy additional shares
10. PVR falls for the 2nd consecutive day after gaining in previous 9 sessions
11. Vodafone Idea snaps 5-day gaining streak, ends 17% lower today
12. Adani Green gains 5% on 8GW solar generation project win
13. BHEL advances 11% after commissioning 270MW thermal power plant
Jun 9, 2020 3:47 PM
Closing Bell: Market ends lower dragged by financials, IT names
Indian equity benchmark indices ended lower on Tuesday due to banks including ICICI Bank and HDFC Bank.
At close, the Sensex ended 414 points lower to 33,957 while the Nifty50 index ended at 10,046, down 121 points. Broader markets also ended in the red, declining 0.38 percent each (Nifty Midcap and Nifty Smallcap indexes).
Dr Reddy's Laboratories , IndusInd Bank, Sun Pharma, Bharti Infratel and M&M were the Nifty top gainers while ICICI Bank, Wipro, GAIL, Tata Motors and BPCL remained the top losers.
Among sectoral indices, Nifty Media ended as the top laggard with 3.5 percent losses. Meanwhile, Nifty Pharma index outshined.
Jun 9, 2020 3:41 PM
Nestle chief Suresh Narayanan on WFH, learnings from COVID and why he washes dishes twice
In an interview with broking firm Jefferies, Nestle India chief Suresh Narayanan talked about his and the company’s response to COVID-19, among other things.Get latest Business online at cnbctv18.com
Jun 9, 2020 3:25 PM
Oil India Baghjan blowout turns into inferno
The blowout at the Oil India well in Baghjan, Assam on Tuesday turned into an inferno.
The oil well in Assam has been continuously flowing out gas, or undergoing a blowout, since May 27, with authorities unable to bring it under control despite bringing in experts from Singapore.
It is one of the biggest blowouts in India and has now turned into an inferno after it caught fire. The surrounding villages have been evacuated, however, media reports suggest that the blowout has caused damage to the marine ecosystem in the region with reports of fishes and a Gangetic dolphin perishing.
Jun 9, 2020 3:14 PM
BHEL's shares rally 9% over commissioning a plant
Bharat Heavy Electricals Ltd's share price rallied 9.12 percent during the day after the company successfully commissioned a 270 MW thermal unit at the Bhadradri Thermal Power Project in Telangana.
In its filing to the exchanges, the company said that it is the first unit to be commissioned at the project and work on the other three units is also at its advanced stage.
At 3 pm, the shares traded 5.55 percent higher to Rs 29.50 per share on the NSE.
Jun 9, 2020 3:02 PM
Jun 9, 2020 2:43 PM
Rupee Update: The Indian currency ended a little lower on Tuesday amidst the volatility in the equity market. The Indian rupee ended at 75.61 as against the US dollar compared to Monday's close of 75.54.
Jun 9, 2020 2:27 PM
Gold rate today: Yellow metal eases; Resistance seen at Rs 46,500 level
Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Tuesday amid subdued trend in the international spot prices and rising investor risk appetite. Strong domestic currency also pressurized the yellow metal prices, analysts said.
At 12:40 pm, gold futures for August delivery fell 0.03 percent to Rs 46,085 per 10 grams as against the previous close of Rs 46,101 and opening price of Rs 46,075 on the MCX. Silver futures traded 0.16 percent lower at Rs 48,110 per kg. The prices opened at Rs 48,100 as compared to the previous close of Rs 48,185 per kg.
Jun 9, 2020 2:15 PM
Jun 9, 2020 2:00 PM
Yes Securities rejigs portfolio: Top stocks that were included and excluded
Yes Securities has rejigged its portfolio for June after the equities consolidated in May. Indian shares corrected relatively lesser in May (down around 3-4 percent) as compared to April and March amid trade optimism over the re-opening of economies in lockdown to contain the virus.
With indices back in the green in June, Yes Securities included 2 new stock in its portfolio, while excluding the same number of stocks.