Rain Industries, HEG, Graphite India, Goa Carbon and Phillips Carbon plunged 5 percent.
Earnings Reaction: India's largest drug maker Sun Pharma share price fell 2 percent after earnings.
The company reported 59 percent decline in net profit to Rs 912.1 crore in the second quarter ended September as the company faces pricing pressure in US generics market.
The company was benefited last year by an extending limited competition for generic blood cancer drug imatinib in US market.
The company reported 59 percent decline in net profit to Rs 912.1 crore in the second quarter ended September as the company faces pricing pressure in US generics market.
The company was benefited last year by an extending limited competition for generic blood cancer drug imatinib in US market.
The company reported net profit of Rs 2235 crore in the same period of previous year. Revenues declined 19.5 percent to Rs 6650 crore compared to Rs 8260 crore in the year-ago period.
CNBC TV18 Poll estimated the net profit at Rs 802 crore and revenues at Rs 6861 crore.
9:32 am Oil Update: Oil prices tumbled today, continuing Tuesday's slide after the International Energy Agency cast doubts over the past months' narrative of tightening fuel markets.
Brent crude futures were at USD 61.44 per barrel, down 1.24 percent from their last close.
US West Texas Intermediate (WTI) crude was at USD 55.10 per barrel, down over 1.08 percent.
The price falls mean that crude prices are now down by around 5 percent since hitting 2015 highs last week, ending a 40-percent rally between June and early November.
9:25 am Subscription: Bharat 22 Exchange Traded Fund (ETF), comprising 22 companies, yesterday attracted robust bids with the portion reserved for anchor investors getting subscribed six times to the tune of Rs 12,000 crore on the opening day. The issue opened for subscription today.
ICICI Prudential Mutual Fund managed Bharat 22 ETF's new fund offer (NFO) has size of over Rs 8,000 crore.
As much as 25 percent of the total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore, ICICI Prudential MF said.
The NFO received subscriptions from across the board including mutual funds, foreign portfolio investors, insurance and retirement funds.
The issue will remain open till November 17.
9:20 am Buzzing: Share price of Indiabulls Housing Finance advanced 2 percent in morning on the back partial stake sale in OakNorth Bank.
The company has sold 1/3 of its stake (around 10 percent) in OakNorth Bank to Government of Singapore owned investment arm GIC for Rs 770 crore.
The company had invested Rs 663 crore in November 2015 for a 40 percent stake in the bank.
With this divestment the company has recovered its entire investment in bank made 2 years ago. The balance investment of company in the bank is worth Rs 1,510 crore at current valuation.
9:15 am Market Check: Equity benchmarks opened mildly lower on Wednesday, tracking subdued global cues following correction in metals and crude oil prices.
The 30-share BSE Sensex was down 41.86 points at 32,900.01 and the 50-share NSE Nifty fell 16.70 points to 10,169.90.
Sun Pharma, Lupin, Vedanta, Hindalco, NALCO, Bajaj Finance, Bharti Infratel and GAIL were early losers while HPCL, BPCL, TCS, Ambuja Cements and Dr Reddy's Labs were early gainers.
Rain Industries, HEG, Graphite India, Goa Carbon and Phillips Carbon plunged 5 percent.
After earnings, Waterbase, MOIL, Panacea Biotec and Cox & Kings gained 4-6 percent while Corporation Bank, Indiabulls Real, CEAT and JK Tyre lost 1-5 percent.
Fortis Healthcare and Religare Enterprises rallied 3-5 percent post deal.
Jet Airways was up 1 percent as stock is out of NSE F&O ban and ahead of analysts' meet.
The cautious sentiment from the last session continued through Asia's today's trading day, with energy-related plays in the region falling on weakening oil prices.
China's Shanghai Composite, Hong Kong's Hang Seng, Japan's Nikkei, Australia's ASX 200 and South Korea's Kospi were down 0.3-0.8 percent.
The US markets also closed lower, with the Dow Jones, S&P 500 and Nasdaq Composite falling 0.1-0.3 percent. Concerns about a potential global economic slowdown and US tax reform dampened investor sentiment.
CNBC TV18 Poll estimated the net profit at Rs 802 crore and revenues at Rs 6861 crore.
9:32 am Oil Update: Oil prices tumbled today, continuing Tuesday's slide after the International Energy Agency cast doubts over the past months' narrative of tightening fuel markets.
Brent crude futures were at USD 61.44 per barrel, down 1.24 percent from their last close.
US West Texas Intermediate (WTI) crude was at USD 55.10 per barrel, down over 1.08 percent.
The price falls mean that crude prices are now down by around 5 percent since hitting 2015 highs last week, ending a 40-percent rally between June and early November.
9:25 am Subscription: Bharat 22 Exchange Traded Fund (ETF), comprising 22 companies, yesterday attracted robust bids with the portion reserved for anchor investors getting subscribed six times to the tune of Rs 12,000 crore on the opening day. The issue opened for subscription today.
ICICI Prudential Mutual Fund managed Bharat 22 ETF's new fund offer (NFO) has size of over Rs 8,000 crore.
As much as 25 percent of the total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore, ICICI Prudential MF said.
The NFO received subscriptions from across the board including mutual funds, foreign portfolio investors, insurance and retirement funds.
The issue will remain open till November 17.
9:20 am Buzzing: Share price of Indiabulls Housing Finance advanced 2 percent in morning on the back partial stake sale in OakNorth Bank.
The company has sold 1/3 of its stake (around 10 percent) in OakNorth Bank to Government of Singapore owned investment arm GIC for Rs 770 crore.
The company had invested Rs 663 crore in November 2015 for a 40 percent stake in the bank.
With this divestment the company has recovered its entire investment in bank made 2 years ago. The balance investment of company in the bank is worth Rs 1,510 crore at current valuation.
9:15 am Market Check: Equity benchmarks opened mildly lower on Wednesday, tracking subdued global cues following correction in metals and crude oil prices.
The 30-share BSE Sensex was down 41.86 points at 32,900.01 and the 50-share NSE Nifty fell 16.70 points to 10,169.90.
Sun Pharma, Lupin, Vedanta, Hindalco, NALCO, Bajaj Finance, Bharti Infratel and GAIL were early losers while HPCL, BPCL, TCS, Ambuja Cements and Dr Reddy's Labs were early gainers.
Rain Industries, HEG, Graphite India, Goa Carbon and Phillips Carbon plunged 5 percent.
After earnings, Waterbase, MOIL, Panacea Biotec and Cox & Kings gained 4-6 percent while Corporation Bank, Indiabulls Real, CEAT and JK Tyre lost 1-5 percent.
Fortis Healthcare and Religare Enterprises rallied 3-5 percent post deal.
Jet Airways was up 1 percent as stock is out of NSE F&O ban and ahead of analysts' meet.
The cautious sentiment from the last session continued through Asia's today's trading day, with energy-related plays in the region falling on weakening oil prices.
China's Shanghai Composite, Hong Kong's Hang Seng, Japan's Nikkei, Australia's ASX 200 and South Korea's Kospi were down 0.3-0.8 percent.
The US markets also closed lower, with the Dow Jones, S&P 500 and Nasdaq Composite falling 0.1-0.3 percent. Concerns about a potential global economic slowdown and US tax reform dampened investor sentiment.
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