Sensex down 500 points on global sale; SBI, ITC drag

September 04, 2020 10:43:12 AM IST

Tata Steel develops covid swab collection unit

Nest-In, Tata Steel’s construction solutions trading company, has developed a covid-19 swab collection unit that claims to have a safer and risk-free sample collection process for healthcare workers.

The unit ensures contact-free exchange of test tubes and is equipped with a two-way microphone and speaker system that enables clear communication between the healthcare professional and the patient.

September 04, 2020 10:36:38 AM IST

Page Industries’ First Quarter Results Fall Short; doubts about the recovery of growth increase

If it were just one quarter, investors at Page Industries Ltd might have taken the disappointing June quarter results in stride. Additionally, disruptions from the covid-19 pandemic affected business.

Last quarter, the company reported a loss of almost Rs 35 crore in earnings before interest, taxes, depreciation and amortization (Ebitda). While the worst may be over, investors in the underwear maker have to worry about uncertainty about the revival of future growth. (Full report)

September 4, 2020 10:27:52 AM IST

The rupee opens higher

The Indian rupee opened higher at 73.37 per US dollar compared to Thursday’s close of 73.47.

September 4, 2020 10:22:20 IST

Wide markets

The broad markets were all in the red. The fear indicator, the volatility index, rose more than 6%.

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September 04, 2020 10:10:59 AM IST

Sensex heat map

Maruti and Asian Paints were the only winners on Sensex at this time

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September 4, 2020 10:00:54 am IST

Gold prices rise after a 3-day drop

After a three-day drop, gold and silver prices in India rose today amid a sell-off in global stocks. On MCX, October gold futures rose 0.3% to ₹50.911 per 10 grams, while silver futures advanced 0.23% to ₹67,080 per kg. In the previous session, gold futures had fallen 0.12% per 10 grams, while silver had fallen around 2% or ₹1,300 per kg.

September 04, 2020 09:49:58 IST

Maruti Suzuki solo winner

Maruti Suzuki, with an increase of 1%, was the only winner of Sensex in this hour

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September 04, 2020 09:44:57 IST

SBI loses more

SBI was the biggest laggard in Sensex with stocks falling more than 2%

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September 04, 2020 09:39:46 IST

Bank Nifty receipts

Bank Nifty fell 2% as the Supreme Court ordered banks not to label loans that were standard as of August 31 as unprofitable, even if there was a default, until further orders.

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September 04, 2020 9:35:31 AM IST

Ingenious winners / losers

Zee and IndisInd Bank dragged Nifty. Only two stocks advanced on the index, while 48 fell

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September 04, 2020 09:31:18 AM IST

BSE Midcap

BSE MidCap dropped 200 points

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September 4, 2020 9:21:53 AM IST

Open markets

Sensex fell 1.5% to 38,425.72 at the open. All components of the index were in red.

Nifty also fell 1.5% to 11,354.40, with Zee and Indusind Bank being the main laggards. Bank Nifty fell 500 points.

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September 04, 2020 09:05:20 IST

Markets slide pre-open

Sensex slides 470 points in the pre-open, while Nifty slides 125 points in the pre-open.

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September 04, 2020 8:47:58 AM IST

Silver Lake In Talks To Buy Stake In Reliance Retail: Report

Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd, the Financial Times reported Thursday, citing people with direct knowledge of the matter.

The investment, which would value Reliance Retail at about $ 57 billion, comes as the company aims to sell about 10% in new shares, the report added.

September 04, 2020 8:40:36 AM IST

Likely liquidation in Indian markets

Indian markets are likely to see a sell-off on Friday following weakness in their global peers. Trends in SGX Nifty indicate a negative open for the Indian benchmarks. On Thursday, the EEB closed at 38,990.94, losing 95.09 points or 0.24%. The 50-share Nifty index was down 7.55 points or 0.07% to close at 11,527.45. (Full report)

September 4, 2020 8:28:38 AM IST

Asian Indices Fall

Asian markets fell on Friday following Wall Street, which saw its worst day since June. Japan’s Nikkei lost 1%, Hong Kong’s Hang Seng fell almost 2%. The Australian S & P / ASX 200 lost 2.6%, while the Shanghai Composite Index fell 1.2%.

September 04, 2020 8:12:06 AM IST

Actions to consider: banks, RIL, Vodafone Idea, Infosys

Here’s a list of the top stocks that may be in the news on Friday: Banks and Finance, RIL, Vodafone, Infosys.

Among the companies that will detail the earnings today are: Nalco, Future Retail, Jubilant Life Sciences and Repco Home Finance.

September 04, 2020 08:06:17 AM IST

US markets fall

Benchmarks on Wall Street fell sharply on Thursday, marking their deepest one-day declines since June as investors ditched technology stocks, while economic data highlighted concerns about a long and difficult recovery. The Dow Jones Industrial Average closed 2.8% lower, the S&P 500 fell 3.5% and the Nasdaq Composite plunged 5%.