Sensex Continues To Fall Sharply, Down Over 400 Points
MUMBAI: 1:55pm: The Sensex is now trading lower by 446.99 points, or 1.88 pct, to 23,311.91 while the Nifty falls 125.30 points, or 1.74 pct, to 7,090.40.
1:45pm: Jubilant Foodworks Ltd falls 6.8 pct to 
1,108.80 ahead of December quarter earnings. According to 16 Bloomberg analyst estimates, the company may post net profit of 40.58 crore on net sales of 666.50 crore.
1:35pm: IL&FS Transportation Network Ltd falls 3 pct to 70.20 ahead of its December quarter earnings. According to 3 Bloomberg analyst estimates, the company may post net profit of 36.13 crore on net sales of 2,030.60 crore.
1:25pm: Coal India Ltd falls 2.05 pct to 307.60 ahead of its December quarter earnings. According to 25 Bloomberg analyst estimates, the company may post net profit of 3,454.80 crore on net sales of 19,378.20 crore.
1:18pm: Shares of aviation companies are trading lower on the back of higher volume. InterGlobe Aviation Ltd falls 6.7 pct to 717, Jet Airways India Ltd falls 8.6 pct to 537, SpiceJet Ltd falls 6.77 pct to 70.90.
1:08pm: The Sensex is trading at 23,450.54, down 308.36 points, or 1.30 pct while the Nifty falls 83.25 points, or 1.15 pct, to 7,132.45.
1:00pm: Oriental Bank of Commerce rises 2 pct to 97.70 ahead of its December quarter earnings. According to 10 Bloomberg analyst poll, the bank may report a net profit of 257.10 crore.
12:55pm: Union Bank of India rises 1.2 pct to 124.25 ahead of its December quarter earnings. According to 24 Bloomberg analyst poll, the bank may report a net profit of 478.30 crore.
12:40pm: United Bank of India falls 0.3 pct to 18.35 ahead of its December quarter earnings.
12:25pm: The Sensex is currently trading at 23,492.01, down 266.89 points, or 1.12 pct while the Nifty falls 81.85 points, or 1.13 pct, to 7,133.85.
12:15pm: GMR Infrastructure Ltd rises 3.3 pct to 12.40 after the company narrowed its losses for the October-December quarter of the current financial year owing to clarity in regulations and better operating margins from power plants. GMR Infrastructure posted a net loss of 379.38 core in December quarter from 638.33 crore a year ago. Net sales rises 29.8 pct to 3,540.84 crore as compared to 2,727.83 crore a year ago.
12:05pm: Petronet LNG Ltd falls 3.2 pct to 243.30 after the company said its total income falls 53.64 pct in December quarter to 5,204.45 crore as compared to 11,225.30 crore a year ago.
11:55am: Engineers India Ltd falls 3.3 pct to 161.70 after the company said its total income falls 4.42 pct in December quarter to 429.98 crore as compared to 449.87 crore a year ago.
11:45am: Nitesh Estate Ltd rises 5.9 pct to 12.78 after the company said its net profit jumped 87 pct to 1.55 crore in December quarter as compared to 83 lakh a year ago.
11:35am: Bank of India falls 1 pct to 89.75 ahead of its December quarter earnings. According to 25 Bloomberg analyst poll, the bank may report a net profit of 96.23 crore.
11:25am: Indian Bank falls 1.4 pct to 84 ahead of its December quarter earnings. According to 8 Bloomberg analyst poll, the bank may report a net profit of 259.10 crore.
11:13am: The Sensex is now trading at 23,534.82, down 224.08 points, or 0.94 pct while the Nifty is down 69.10 points, or 0.96 pct, to 7,146.60.
11:05am: Ambuja Cements Ltd falls 2.2 pct to 190.65 after the company reported 45.65 pct decline in its net profit in December quarter to 807.88 crore as compared to 1,486.5 crore a year ago.
10:55am: Dr Reddy’s Laboratories Ltd rises 2.4 pct to 2,955 after the company said its board will meet on 17 February to consider buyback of equity shares.
10:45am: State Bank of India rises 1.5 pct to 161.35 ahead of its December quarter earnings. According to the consensus estimate of 23 analysts polled by Bloomberg, SBI is likely to post a net profit of 3,222.80 crore.
10:35am: Tata Motors Ltd rises 1.2 pct to 295.35 ahead of its December quarter earnings. According to the consensus estimate of 27 analysts polled by Bloomberg, Tata Motors is likely to post a net profit of 2,992.20 crore on net sales of 72,666.80 crore.
10:25am: Among the sectoral indices, BSE Telecom was the top sectoral gainer up 1 pct. BSE Capital Goods Index was the top sectoral loser down 0.9 pct followed by BSE FMCG, Realty, Oil and Gas and Metal which were down 0.7 pct each. BSE Bankex, Basic Materials, Finance and Power were down 0.5 pct each.
10:10am: Cipla Ltd falls 2.7 pct to 524.55. Cipla Ltd’s sales growth was lower than expected, profitability declined and its pre-tax profit falls by 13 pct in the December quarter. That appears scary for a company that was doing well till recently. But the drug maker blamed this on a change in its sales distribution policy for India.
9:55am: Tata Global Beverages Ltd falls 3.4 pct to 114.30 after the company reported 29.8 pct decline in its net profit in December quarter to 59.15 crore as compared to 84.24 crore a year ago.
9:45am: The 30-share S&P BSE Sensex loses 133.99 points, or 0.56 pct, to 23,624.91 while the Nifty 50 of the National Stock Exchange (NSE) is down 39.80 points, or 0.55 pct, to 7,175.90.
9:40am: Indian equity-index futures declines after the benchmark stock gauge fell to the edge of a bear market and as investors await quarterly earnings from the nation’s largest lender State Bank of India.
9:35am: The rupee weakens marginally against the U.S. dollar in opening trade, ahead of key data due on Friday. The home currency was trading at 67.93, down 0.12 pct, from its previous close of 67.86.
9:30am: Traders are also cautious ahead of the Index of Industrial Production (IIP) and Consumer Price Inflation (CPI) data on 12 February after 5.30pm. According to Bloomberg estimates, IIP will be at zero for December as compared to -3.2 pct in November. CPI will be at 5.4 pct in January from 5.61 pct a month ago.
9:25am: The yield on India’s 10-year benchmark bond was trading at 7.711 pct against Wednesday’s close of 7.817 pct.
9:20am: The euro weakens against its Japanese peer, sliding to a near three-week low of ¥127.50. Against the greenback, the euro held firm at $1.13 and within reach of a three-month high of $1.133 set earlier in the week.
9:15am: Oil prices resumed their decline as U.S. crude slid 55 cents to $26.89 a barrel, while Brent futures lost 35 cents to $30.49.
9:10am: MSCI’s broadest index of Asia-Pacific shares outside Japan sheds 1.1 pct, and South Korea re-opened with a 2.4 pct drop. Australia’s S&P/ASX 200 Index adds 0.2 pct, after falling into a bear market on Wednesday when it plunged to its lowest level since July 2013.
9:00am: Asian stocks fall as markets in Hong Kong and Seoul joined a global selloff in their first day of trading this week.
8:50am: Wall Street ended mixed on Wednesday after Fed Chair Janet Yellen sounded optimistic on the U.S. economy, but acknowledged risks from market turmoil and a slowdown in China.
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