Share Market Highlights: Sensex ends 240 points lower, Nifty below 10,850; HCL Tech, HDFC shed more than 2%

By: |
Updated:Feb 26, 2019 3:52:31 pm

Track Share Market Highlights: The Sensex and Nifty made a smart recovery on Tuesday afternoon after IAF jets striking terror camp in Balakot spooked investors earlier in the day. The Sensex closed 240 points down to 36,937.71 while the Nifty ended below the 10,850-mark.

TCS shares are trading more than 2% higher to emerge among the top Sensex gainers.

Stock Market Highlights: The Sensex and Nifty made a smart recovery on Tuesday afternoon after IAF jets striking terror camp in Balakot spooked investors earlier in the day. The Sensex closed 240 points down to 36,937.71 while the Nifty ended below the 10,850-mark. HCL Tech share price closed 2.2% lower at Rs 1,058.80, while HDFC shares shed 2.1% to Rs 1,855. 

Stocks in Asia traded lower Tuesday morning as investors sought clarity on the U.S.-China trade front after earlier cheering the postponement of a closely watched deadline in early March. Mainland Chinese stocks slipped in early trade after seeing explosive gains on Monday. The Shanghai composite slipped around 0.2 percent while the Shenzhen component shed 0.348 percent. The Shenzhen composite also declined 0.468 percent, Reuters reported. We bring to you LIVE updates.

Read More

Live Blog

Share Market Highlights: Sensex, Nifty, Indian Rupee vs US Dollar, Latest Stock Market News, NSE, BSE

Highlights

    15:49 (IST)26 Feb 2019
    BSE live: Sensex ends 240 points lower, Nifty below 10,850; HCL Tech, HDFC shed more than 2%

    The Sensex and Nifty made a smart recovery on Tuesday afternoon after IAF jets striking terror camp in Balakot spooked investors earlier in the day. The Sensex closed 240 points down to 36,937.71 while the Nifty ended below the 10,850-mark. HCL Tech share price closed 2.2% lower at Rs 1,058.80, while HDFC shares shed 2.1% to Rs 1,855. A look at LIVE Sensex heatmap.

    15:08 (IST)26 Feb 2019
    Walmart adds Paytm’s rival PhonePe as payment option for small retailers

    Mom-and-pop kirana shops or small retailers, which purchase goods from Walmart’s 23 Best Price Modern Wholesale B2B cash-and-carry stores, will now be able to pay through digital wallet PhonePe as well. Walmart India and PhonePe today announced the tie-up that would allow kirana owners “to pay for their purchases via the PhonePe app or from a PhonePe wallet,” Walmart India and PhonePe said in a joint company statement today. “The PhonePe payment system will help our members streamline their business processes and spend more time in their stores with customers,” Krish Iyer, President & CEO, Walmart India said.

    Also read: Walmart adds Paytm’s rival PhonePe as payment option for small retailers

    14:57 (IST)26 Feb 2019
    Gold falls Rs 60 on weak global cues, muted demand

    Gold prices fell by Rs 60 to Rs 34,530 per 10 grams at the bullion market Tuesday backed by weak trend overseas amid easing demand from local jewellers at prevailing levels, according to All India Sarafa Association. Silver, too, dropped by Rs 195 to Rs 41,405 per kg owing to reduced offtake by industrial units, while its coins strengthened on increased demand.

    Also read: Gold falls Rs 60 on weak global cues, muted demand

    14:36 (IST)26 Feb 2019
    Warren Buffett says overpaid on Kraft, no plans to exit

    Warren Buffett said on Monday that his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company. Buffett spoke four days after Kraft Heinz said it had taken a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets, slashed its dividend, and that the U.S. Securities and Exchange Commission was probing its accounting.

    Read full story here: Warren Buffett disses Bitcoin again, says it is a ‘delusion;’ admits this mistake on Kraft

    14:14 (IST)26 Feb 2019
    BSE live: Sensex off lows, Nifty nears 10,850; TCS, IOC shares among top gainers

    The Sensex and Nifty are off day's lows in the afternoon trade on Tuesday, recovering  after IAF jets striking terror camp in Balakot spooked investors earlier in the day. The Sensex is still down about 180 points to 36.033.30, while the Nifty is nearing the 10,850-mark. The Sensex has recovered more than 300 points from the day's lows, while the Nifty has made a recovery of about 120 points. A look at LIVE Sensex heatmap.

    14:01 (IST)26 Feb 2019
    NBFC liquidity crisis fallout: Mutual funds investment in CPs hits 11-month low; key things to know

    As a major fallout of the recent liquidity crisis in the NBFC space in India, mutual funds have pulled out heavily from their investments in CPs, according to a report. After the liquidity crisis triggered in the NBFC space, MFs reduced almost one-fourth of their investments from CPs, CARE’s latest report on mutual fund industry said. “The percentage share of funds deployed in CPs of NBFCs was at the lowest in Jan-19, since the past 11 months. As of Jan-19, debt MFs held Rs. 1.16 lakh crore funds in CPs of NBFCs,” noted the CARE report.

    Also read: NBFC liquidity crisis fallout: Mutual funds investment in CPs hits 11-month low; key things to know

    13:00 (IST)26 Feb 2019
    Anand Rathi says SEBI order has no impact on other businesses of group

    "SEBI has observed that courts and authorities have made serious adverse observations against NSEL and paired contracts. It states that even though such observations (against NSEL) are yet to established in a court of law, but by mere association of ARCL in the capacity of a broker with NSEL, the reputation of ARCL is affected and therefore the certificate of registration has been denied. We are examining the order and will take necessary legal steps to file appeal against the order. ARCL and its clients and employees are in fact victims of this fraud perpetrated by NSEL. SEBI order rejects the application of registration of ARCL and has no impact on other businesses of the Group," Anand Rathi said in a statement.

    12:38 (IST)26 Feb 2019
    Expert take: Consider these 2 factors while investing in fixed income MFs

    "Last year has been an eventful one. Investors witnessed heightened volatility in interest rates and there was some stress in credits as well. Fixed Income Mutual Fund Schemes carry two types of risks: Interest rate risk and Credit Risk. Investors should look at duration category of the fund and at the same time consider the credit quality of the schemes that he is considering," Tata Fixed Income Mutual Fund CIO Murthy Nagarajan said in a note to FE Online.

    12:06 (IST)26 Feb 2019
    Expert take on IAF attack impact: Adrain Mowat of JP Morgan says medium-term impact of strike moderate

    Taking stock of the impact of IAF strike on terror camps operating out of Pakistan, Adrian Mowat, EM - Equity Strategist at JP Morgan notes that the medium-term impact of such strikes will be moderate. The news of stirke will not impact the investment flows into India. While the investors will be a bit cautious, there should be nothing beyond that. The experienced market watchers in India will take this in their stride. The foreign investors will look through these recent events and geopolitical tensions, he noted in an interview to CNBC TV18.

    11:48 (IST)26 Feb 2019
    Amazon adds former PepsiCo CEO Indra Nooyi to board

    Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, making her the second woman to be named to the e-commerce giant’s board this month. Earlier this month, the company named Starbucks Corp’s Chief Operating Officer Rosalind Brewer as a director, the second black woman to serve on its board. Amazon’s eleven-member board now has five women including Nooyi, Brewer, Jamie Gorelick, Judith McGrath and Patricia Stonesifer.

    Also read: Amazon adds former PepsiCo CEO Indra Nooyi to board

    11:35 (IST)26 Feb 2019
    BSE Live: Sensex recovers mildly after IAF attack, Nifty above 10,800; ICICI Bank, Adani Ports shares slump

    After extending losses in the morning trade after IAF jets striking terror camp in Balakot spooked investors, the Sensex and Nifty have recovered from day's lows. The Sensex is still down about 280 points to 35,934.13, while the Nifty is trading above the 10,800-mark. The Sensex has recovered more than 200 points from the day's lows, while the Nifty has made a recovery of about 80 points. A look at LIVE Sensex heatmap.

    11:23 (IST)26 Feb 2019
    IAF attacks update: NIA carries out raids on nine locations linked to separatists in Kashmir valley

    he NIA Tuesday carried out searches on separatists in the Kashmir valley, including Mirwaiz Umer Farooq, in a terror funding case, officials said. The NIA sleuths accompanied by local police and CRPF personnel carried out searches at nearly nine places across the valley, which included the house of Nayeem Geelani, son of pro-Pakistan separatist Syed Ali Shah Geelani, they said. Besides these, the houses of JKLF leader Yaseen Malik, Shabir Shah, Ashraf Sehrai and Zaffar Bhat were also raided. The case relates to funds allegedly received by the separatist from Pakistan through hawala channels, the officials added.

    Read full story here: IAF attacks update: NIA carries out raids on nine locations linked to separatists in Kashmir valley

    11:07 (IST)26 Feb 2019
    Lupin shares slump 1% despite USFDA approval for Pharmacia

    Shares of drug-manufacturer Lupin are trading nearly 1% lower at Rs 765, despite the firm receiving approval for it's latest drug. Drug firm Lupin on Monday said it has received approval from the US health regulator to market Methylprednisolone tablets used for treatment of inflammation in many conditions. The company has received approval from the US Food and Drug Administration (USFDA) to market a generic version of Pharmacia and Upjohn Company’s Medrol tablets, Lupin said in a statement.

    10:54 (IST)26 Feb 2019
    Britannia Industries share price jumps on inclusion in Nifty

    Shares of food products major Britannia Industries jumped in trade on Tuesday morning, after the firm is set to get included in the headline index Nifty from March 29. Britannia Industries share price gained by nearly 5% to hit the day's high at Rs 3,198.50 on BSE. Meanwhile, HPCL shares dropped 1.54% to Rs 227.40 on NSE, even as Britannia is set to replace the oil marketing firm's shares on India's leading exchange from March 29th. 

    10:25 (IST)26 Feb 2019
    BSE live: Sensex extends losses after IAF attack, Nifty near 10,750; Yes Bank, Sun Pharma down

    After opening lower, the stock markets- Sensex and Nifty extended losses On Tuesday after reports of IAF jets striking terror camp in Balakot spooked investors. The Sensex is down 402 points to 35,811.60, while the Nifty is trading near the 10,750-mark. Yes Bank shares are trading 3% lower at Rs 222.50. SBI shares slumped by more than 2% to Rs 264.40 on NSE. Sun Pharma shares cracked more than 2.3% to Rs 425.90. A look at LIVE Sensex heatmap.

    10:15 (IST)26 Feb 2019
    Rupee sheds 30 paise against US dollar in early trade

    The rupee depreciated 30 paise to 71.30 against the US dollar in early trade Tuesday at the forex market on fresh demand for the US currency from importers. Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said. On Monday, the rupee firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues. Meanwhile, the benchmark BSE Sensex fell 349.78 points, or 0.97 per cent, to 35,863.60 in opening deals Tuesday.

    Also read: Rupee sheds 30 paise against US dollar in early trade

    09:56 (IST)26 Feb 2019
    Global view: America should not give aid to Pakistan until it stops harbouring terrorists: Nikki Haley

    Pakistan has a long history of harbouring terrorists and America should not give Islamabad even a dollar until it corrects its behaviour, Indian-American former US envoy to the UN Nikki Haley has said as she praised the Trump administration for wisely restricting financial assistance to the country. Haley, who has founded a new policy group ‘Stand America Now’ that will focus on how to keep the US safe, strong, and prosperous, wrote in an op-ed that when the US provides aid to nations, “it is more than fair to ask what the U.S. gets in return for our generosity” but instead Pakistan routinely opposed the US position at the UN on several issues.

    Read more: America should not give aid to Pakistan until it stops harbouring terrorists: Nikki Haley

    09:50 (IST)26 Feb 2019
    Sensex, Nifty fall after Pakistan says Indian jets breached airspace

    Indian markets fell on Tuesday amid concerns over increased tensions after Pakistan said Indian military jets crossed the Line of Control frontier in the disputed Kashmir region early in the day. The rupee fell to 71.27 to the dollar compared with Monday’s close of 70.9850. Indian bonds opened slightly late after a technical glitch on the trading and clearing platform early morning. The 10-year benchmark bond yield rose to 7.61 percent compared with 7.58 percent on Monday.

    Read more: Indian markets fall after Pakistan says Indian jets breached airspace

    09:37 (IST)26 Feb 2019
    SEBI declares Anand Rathi Commodities & Geofin Comtrade 'Not Fit & Proper' for commodity derivative broking

    In a latest development, SEBI has ruled that Anand Rathi Commodities & Geofin Comtrade 'Not Fit & Proper' for commodity derivative broking, CNBC TV18 reported.  Earlier, Stock market regulator Sebi had ruled that Motilal Oswal Commodities Broker and India Infoline Commodities are not “fit and proper” to act as commodity derivative brokers in connection with the Rs 5,600-crore scam at the NSEL. The rulings have come against the backdrop of the payment scam at the National Spot Exchange (NSEL) that came to light in 2013; and subsequently, many entities, including brokers, have come under the scanner of Sebi and other probe agencies.

    09:31 (IST)26 Feb 2019
    IAF destroys Pakistan terror camps: Mirage jets drop 1000 kg bombs across LOC

    IAF destroys Pakistan terror camps! In a big overnight operation, IAF’s Mirage 2000 fighter jets have completely destroyed multiple terror camps in Pakistan. According to IAF sources, quoted by ANI, as many as 12 Mirage 2000 fighter jets of the Indian Air Force took part in the operation. According to reports, 1,000 kgs bombs were dropped on terror camps across the Line of Control (LoC). Sources have said that at around 0330 hours on the 26th February the Mirage 2000 fighter jets struck a major terrorist camp across the LoC and completely destroyed it.

    follow LIVE updates here: IAF destroys Pakistan terror camps LIVE: Surgical strikes 2.0? Mirage jets drop 1000 kg bombs across LOC

    09:27 (IST)26 Feb 2019
    BSE live: Sensex plunges after IAF attack, Nifty below 10,800; Yes Bank, SBI among top losers

    The stock markets- Sensex and Nifty opened lower on Tuesday morning, after reports of IAF jets striking terror camp in Balakot spooked investors. The Sensex is down 265 points to 35,947.90, while the Nifty is trading just above the 10,800-mark. Yes Bank shares are trading 3% lower at Rs 222.50. SBI sharesd slumped by more than 2% to Rs 264.40 on NSE. RIL shares are trading 1% lower after global brokerage firm Jefferies maintained an underperform rating saying that EPS is at risk from weaker downstream margin even as net liabilities continue to rise. A look at LIVE Sensex heatmap.

    09:03 (IST)26 Feb 2019
    India missing out on investment boom from US-China trade war as election looms

    Unlike Southeast Asia, India isn’t seeing any investment gains as global trade tensions disrupt supply chains. Foreign direct investment in the third-largest Asian economy fell 7 percent in the nine months to December, signaling slowing investment before upcoming elections. FDI inflows into India during the period was $33.5 billion, lower than the $35.9 billion in the year-ago period. The fall was more prominent in manufacturing sectors.

    Read full story here: India missing out on investment boom from US-China trade war as election looms

    09:01 (IST)26 Feb 2019
    Anil Ambani hasn’t given up: RCom still fighting to sell spectrum outside bankruptcy

    Billionaire Anil Ambani’s telecom unit is still fighting to get approval for the sale of its airwaves, indicating that the company hasn’t given up on selling the assets outside India’s bankruptcy process. India’s Telecom Disputes Settlement and Appellate Tribunal on Monday heard arguments on Reliance Communications Ltd.’s petition to allow it to sell its airwaves without past liabilities from the asset being passed to the buyer. The issue was behind the unraveling of RCom’s deal to offload its assets to Reliance Jio Infocomm Ltd., owned by Anil’s older brother. The case will next be heard on Feb. 26.

    Also read: Anil Ambani hasn’t given up: RCom still fighting to sell spectrum outside bankruptcy

    08:50 (IST)26 Feb 2019
    Key events in focus: Jerome Powell address, Brexit vote

    Federal Reserve Chairman Jerome Powell delivers semiannual testimony on monetary policy and the state of the economy over two days to House and Senate committees. U.K. Prime Minister Theresa May updates the House of Commons on Brexit talks as the March 29 deadline nears for Britain to leave the EU. Lawmakers will vote on Feb. 27. President Donald Trump and North Korea leader Kim Jong Un are expected to meet for a second summit beginning on Tuesday. Thursday brings fourth quarter U.S. GDP.

    08:45 (IST)26 Feb 2019
    Asian shares slipas US-China talks optimism fades

    Asian stocks slipped with U.S. futures on Tuesday as the rush of optimism on U.S.-China trade talks from early Monday faded. India’s rupee will be in focus after Pakistan accused Indian fighter aircraft of violating its airspace.  Equities fell in Japan, Hong Kong and Australia. Chinese shares saw a retreat after mammoth gains yesterday; the country’s securities regulator issued a statement advising on margin financing late Monday. The yen edged up, and Treasury yields dipped. S&P 500 Index futures fell after the gauge closed at the highest in almost four months Monday.  (From Bloomberg)

    08:38 (IST)26 Feb 2019
    IL&FS accounts not to be tagged as NPAs without permission: NCLAT

    The NCLAT on Monday ordered banks and financial institutions to refrain from declaring accounts of IL&FS and its group companies as non-performing assets (NPA) without its permission. The appellate tribunal said it was done in the interest of IL&FS’ debt resolution plan. The tribunal’s direction came during the hearing over the government’s plan for the resolution of IL&FS group companies.

    Also read: IL&FS accounts not to be tagged as NPAs without permission: NCLAT

    08:37 (IST)26 Feb 2019
    Adani group gets into aviation space, wins bids to operate five airports

    Despite having a colossal debt of Rs 82,810 crore on its book, the Adani group bid aggressively for privatisation of five airports, winning all of them. The bids were put out by the Airports Authority of India (AAI), which at present manages the airports concerned. Adani Enterprises, the flagship entity of the group, on Monday bagged the rights to operate, manage and develop airports at Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangalore by offering the highest per-passenger fee (PPF). PPF is paid by the developer to state-owned AAI for every domestic and international passenger handled at the airport.

    Also read: Adani group gets into aviation space, wins bids to operate five airports

    08:36 (IST)26 Feb 2019
    GST cuts for real estate may push up prices

    The steep reduction proposed in the GST rates on real estate has led to considerable euphoria among builders and consumers. The sector that has had its fair share of challenges in recent times, with a slowdown in sales, delayed bank loan repayments, working capital issues, compliance with RERA, etc., now appears to have one challenge less, as low GST rates are being considered as the panacea for many of the issues facing the sector. 

    Also read: GST cuts for real estate may push up prices

    08:35 (IST)26 Feb 2019
    Reliance Communications moves NCLAT for fund release by banks

    Reliance Communications on Monday urged the National Company Law Appellate Tribunal(NCLAT) to direct lenders, led by SBI, to release Rs 260 crore the company got by way of income tax refund, in favour of Ericsson India. The Supreme Court on February 20 held RCom chairman Anil Ambani and two other directors guilty of contempt for not paying Ericsson India’s dues as per the undertaking given by them. The court also said that if they failed to pay the due amount of Rs 550 crore within four weeks they will serve a three-month prison term.

    Also read: Reliance Communications moves NCLAT for fund release by banks

    08:34 (IST)26 Feb 2019
    Oil price steadies after selloff; market eyes Donald Trump intervention

    Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market. International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 percent, from their last close. Brent fell 3.5 percent on Monday when prices hit $64.54 a barrel – the lowest since Feb. 15. U.S. West Texas Intermediate (WTI) crude futures were at $55.54 per barrel, up 5 cents, or 0.1 percent. WTI futures fell 3.1 percent on Monday to touch $55.08 a barrel, also the lowest since Feb. 15.

    Also read: Oil price steadies after selloff; market eyes Donald Trump intervention

    Share market on Monday: After opening marginally higher tracking positive global cues, the Sensex and Nifty extended gains in the afternoon trade on Monday, buoyed by a rally in IT bluechips. The Sensex ended 342 points higher at 36,213.38, while Nifty closed 88 points higher at 10,880.10. TCS shares gained more than 3% to Rs 1,985. Infosys shares closed 3% higher at Rs 754.90.
    Next Stories
    1Trend reversal: Bank lending rates, bond yields begin to converge
    2Microfinance loan book grows 43% to Rs 1.66 lakh crore in December quarter
    3Liquidity deficit for week ended Feb 22 at nearly two-month high