- Coronavirus impact: Stay away from aviation stocks for now, say analysts
- ITC continues decline, hits 3-year low; slips 15% so far in February
- Nifty PSU Bank index nears four-year low; six banks tumble to 5-year low
- IndusInd Bank hits lowest level since January 2017, slips 16% in 8 days
- Analysts see up to 45% upside in JSW Energy post GMR Kamalanga acquisition
- Vodafone Idea declines 15% on credit rating downgrade; tanks 44% in 7 days
- Hathway Cable, TV18 Broadcast surge 20% as RIL to consolidate media biz
- Stocks to watch: SBI, RIL, Network18, Voda Idea, DHFL, Avenue Supermarts
- MARKET LIVE: Indices volatile, Sensex down over 350 pts; Nifty below 11,950
- Market Ahead, February 18: All you need to know before the Opening Bell
MARKET LIVE: Sensex down 300 pts; telcos decline, Bharti Infratel dips 12%
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SI Reporter |
Last Updated at February 18, 2020 14:26 IST
EVENT HIGHLIGHTS
Indian equity markets continued to reel under pressure on Tuesday, weighed down by banking stocks which have significant exposure to Vodafone Idea debts and weak global sentiment owing to coronavirus outbreak.
The S&P BSE Sensex slid over 400 points, or 1 per cent, to 40,645 levels. NTPC (down over 5 per cent) was the biggest loser. Besides, Tata Steel, NTPC, and Sun Pharma also slipped over 2 per cent each.
Ailing telecom player Vodafone Idea slipped over 11 per cent to Rs 2.91 apiece on the BSE after the Supreme Court dismissed its plea seeking relief from revocation of its bank guarantee. READ MORE
On the NSE, the broader Nifty50 index slipped below the crucial 11,950-mark, down 125 points or over 1 per cent.
In the broader market, the S&P BSE MidCap index was trading over 1 per cent lower at 15,360 levels while the S&P BSE SmallCap index traded at 14,360, down 167 points or 1.15 per cent.
GLOBAL MARKETS
On the NSE, the broader Nifty50 index slipped below the crucial 11,950-mark, down 125 points or over 1 per cent.
In the broader market, the S&P BSE MidCap index was trading over 1 per cent lower at 15,360 levels while the S&P BSE SmallCap index traded at 14,360, down 167 points or 1.15 per cent.
GLOBAL MARKETS
US stock futures slipped from record levels on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.20 per cent while Japan's Nikkei slid 0.59 pe cent.
In the commodities market, oil prices extended gains to hit their highest levels since the end of January.
(With inputs from Reuters)
(With inputs from Reuters)
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