Closing Bell: Markets end lower, Sensex below 36,000 on Indo-Pak tensions; Tata Motors gains 4%

Closing Bell: Markets end lower on Indo-Pak tensions##Closing Bell: Markets end lower on Indo-Pak tensions

The Indian ended lower on Tuesday, with the S&P BSE Sensex settling below 36,000 after Indian Air Force conducted air strikes against a terror camp in Pakistan territory.

The S&P BSE Sensex settled at 35,973, down 240 points while the broader Nifty50 index ended at 10,835, down 45 points. Among broader market, Nifty Midcap outperformed the frontline indices, down 0.1 percent at close.

Among sectoral indices, Nifty Realty was the worst performing sector dragged by Godrej Properties, Indiabulls Real Estate, Sunteck Realty, Prestige and Sobha Developers. Zee, Tata Motors, TCs, Coal India and IOC were the top gainers on Nifty50 while Indiabulls Housing Finance, HDFC, HCL Tech, ICICI Bank and Infosys were the top losers on the index.

Sectoral trend at closing##Sectoral trend at closing

Bank's exposure to IL&FS group is at 0.35% of loans, says Karnataka Bank##Bank's exposure to IL&FS group is at 0.35% of loans, says Karnataka Bank

The National Company Law Appellate Tribunal (NCLAT) has barred banks and financial institutions from declaring accounts of IL&FS and its group companies as non-performing assets (NPAs) without NCLAT's  permission.

The decision has been taken in the interest of IL&FS debt resolution plan. Mahabaleshwara MS, managing director and chief executive officer of Karnataka Bank assessed the impact on banks. Click here for more

Kotak Bank approves raising FII/FPI limit to 45% from 43%##Kotak Bank approves raising FII/FPI limit to 45% from 43%

Board approves increase in ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) from the current limit of 43% to 45% with immediate effect

Top Nifty gainers and losers##Top Nifty gainers and losers

Six stocks where brokerages initiated coverage in February; 14-40% returns expected##Six stocks where brokerages initiated coverage in February; 14-40% returns expected

As we head towards the general elections, most experts feel that volatility is likely to inch higher, and investors should stay with quality stocks. The December quarter results were largely in line with estimates, but Nifty PAT downgrades continued to outdo upgrades and most brokerage firms have cut their earnings estimates for FY20. Read full article here

Jaypee Infra: Committee Of Creditors rejects company’s forensic audit demand##Jaypee Infra: Committee Of Creditors rejects company’s forensic audit demand

Market Update: Sensex, Nifty recover from day's low##Market Update: Sensex, Nifty recover from day's low

Benchmark indices has recovered from the day's low with Nifty trading above 10,850 level. The Sensex is currently trading at 36008, down 204 points while Nifty is trading at 10835, down 44 points. Vedanta, Hindalco, Yes Bank and JSW Steel were the top losers on Nifty/

Emami promoter releases pledge##Emami promoter releases pledge

Just in: ICRA revises Titan's debt rating outlook to 'Positive' from 'Stable'##Just In: ICRA revises Titan's debt rating outlook to 'Positive' from 'Stable'

Bank Of India board approves issuing fresh equity shares worth Rs 4,638 crore at Rs 89.60/share to government##Bank Of India board approves issuing fresh equity shares worth Rs 4,638 crore at Rs 89.60/share to government

Tata Motors gains for 10th straight session##Tata Motors gains for 10th straight session

Tata Motors is the biggest gainer among index stocks. The stock rose 10 percent in theg last two weeks. The auto stock has also gained more than 3% intraday. 

Adani Ports falls 3% as Axis Capital downgrades stock##Adani Ports falls 3% as Axis Capital downgrades stock

Adani Ports and Special Economic Zone shares fell 2.7 percent intraday Tuesday after brokerage house Axis Capital downgraded the rating on stock to hold from buy citing expensive acquisition of Adani Agri Logistics from Adani Enterprises. It was in addition to 8 percent correction seen in the previous session.

Sectoral Trend##Sectoral Trend

Foreign Secretary Vijay Gokhale: India has struck the biggest training camp of JeM##Foreign Secretary Vijay Gokhale: India has struck the biggest training camp of JeM