MARKET LIVE: Indices slip into the red; Bharti Airtel down over 3%

 Indian markets slipped into the negative territory in the fag-end of the session on Tuesday. 

The S&P BSE Sensex was trading at 38,400 levels while NSE's Nifty was trading over 11,325 points. 

Bharat Dynamics plunged 13 per cent as the government is set to sell 15 per cent stake in the defence company through an offer for sale today and tomorrow at floor price of Rs 330 per share.

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03:14 PM 

MARKET CHECK:: India VIX rises over 3% to 22.73 levels

03:06 PM 

Sensex turns negative, down 76 points

03:02 PM 

Fada welcomes Kamath panel reccos, but says few dealerships will benefit

“The recommendations of the report will benefit only a small section of dealerships, as we have an average current ratio of 0.8-0.9, due to the already two-year distress we have seen. Hence, the ratio, suggested at 1, will be a difficult condition to meet,” said Vinkesh Gulati, president of Fada, which has 15,000 dealers in the country as members. READ MORE

03:02 PM 

SC decision to allow due payment over 10 yrs not enough to aid VIL: Fitch

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months. READ MORE

vodafone, idea, VI

02:51 PM 

Stocks that hit 52-week high on BSE today

COMPANY PRICE(RS) 52 WK HIGH CHG(%)

ADANI GREEN 566.90 579.00 2.52

AMBER ENTERP. 1882.30 1997.40 2.42

ASTRAL POLY TECH 1288.85 1312.00 3.97

ASTRAZENECA PHAR 4264.00 4970.00 -7.08

DIXON TECHNOLOG. 9570.00 9766.25 7.24

» More on 52 Week High

02:43 PM 

MARKET CHECK

02:34 PM 

Global economy seeing V-shaped recovery, inflation may rise: Morgan Stanley

"The evidence indicates that the virus/economy equation has shifted decisively from the early days of the outbreak," they said in a note to clients, saying that the recovery has continued to gather momentum as countries get better at managing the virus. READ MORE

02:24 PM 

Shree Pushkar Chemicals freezes at 5% upper circuit as promoter ups stake

On September 7, Gautam Gopikishan Makharia has bought 197,950 equity shares representing 0.64 per cent of total equity of Shree Pushkar Chemicals & Fertilisers at price of Rs 104.18 per share on the NSE via bulk deal, exchange data show. The names of the sellers, however, could not be ascertained immediately. READ MORE

02:13 PM 

Top 5 gainers on the BSE at this hour

02:07 PM 

Rupee Closing

Rupee ends weaker at 73.59 per US dollar vs Monday's close of 73.34/$