Markets at noon
LIVE market updates: It was a sea of red on Dalal Street as bear hammering entered into fourth day. Expensive valuation on the domestic front and fresh spurt in Covid cases across the globe has fretted investors, leading to a panic selling across-the-board.
The BSE Sensex was down 1,021 points, or over 1 per cent, at 58,615 levels while the Nifty50 was breached 17,500 levels on the downside. India VIX was up 8 per cent.
In the broader markets, the BSE MidCap and SmallCap indices were down 2 per cent each.
Sectorally, the Nifty PSU Bank index was the top laggard, down 3.5 per cent. This was followed by the Nifty Auto index, down 2.6 per cent.
Primary market update: The three-day issue of Go Fashion has been subscribed nearly 13 times on final day.
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Markets at 11 AM
LIVE market updates: Equities were languishing in the red on Monday amid across-the-board selloff. The S&P BSE Sensex was down 666 points at 58,969 levels with 26 of the 30 index constituents trading in the red. In the intra-day trade, the index hit a low of 58,940.
It's NSE counterpart, Nifty50, was at 17,570 levels, down 194 points. It hit a low of 17,563 level. The index is now down 1,000 points from record high level of 18,604 level.
Volatility index, India VIX, is also up 5.6 per cent, suggesting turbulence in the markets.
Among individual stocks, shares of One97 Communications, the parent company of digital payments major Paytm, and Fino Payments Bank continued to trade under pressure, falling up to 12 per cent on the BSE in Monday's intra-day trade, after a weak market debut last week. READ MORE
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Markets at 10 AM
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Opening Bell
Here, Paytm shares fell another 7.5 per cent in early deals after the company's monthly business update. READ MORE
Sectorally, all the indices were in the red, led by Realty index (down 2.5 per cent) and Auto index (1.4 per cent).
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Pre-open session
LIVE market updates: Benchmark indices were in the green in pre-opening session. The BSE Sensex was at 59,647 levels, up 11 points at 9:06 AM while the Nifty50 was at 17,767-mark.
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Updated at 8:20 AM
LIVE market updates: Markets are eyeing a flat but positive start on Monday after an extended weekend. Relative to Nifty50's spot close of 17,765 on Thursday, the SGX Nifty Futures were at 17,778 at 8:10 AM
Individually, Reliance Industries is likely to hog the limelight and may dictate the market trend today, after the company decided to shelve its $15 billion Saudi Aramco deal. Analysts suggest that the move may be a minor setback for the stock.
Global cues
China's Shanghai Composite soared 1.1 per cent, and Kospi jumped 0.7 per cent. Taiwan, Hang Seng and Straits Times were marginally up, while Nikkei was down 0.4 per cent.
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