3:42 p.m. Sensex falls 173 points to 20,946 on profit-taking, Ukraine crisis. Nifty ends at 6,221, down 55 points.
3:31 p.m. Sensex falls 194 points to 20,925 (provisional close) on profit-taking and Ukraine concerns (Track markets)
3:20 p.m. Rupee falls below 62 on broad dollar gains amid Ukraine crisis. Market analyst Sarvendra Srivastava attributed today's weakness in Nifty to the Ukraine crisis. As long as the Nifty holds, 6170 the uptrend remain intact, he said.
Sensex down 176 points at 20,943 while Nifty is off 57 points at 6,219.
3:10 p.m. Indian markets under strong selling pressure in late trade. Sensex down 170 points at 20,950 while Nifty off 56 points at 6,220.(Track markets)
3:00 p.m. Rupee weakens 61.97 per dollar as compared to 61.75. Traders say the rupee levels needs to be watched closely in the wake of Ukraine standoff.
2:40 p.m. NSE's volatility index, or the domestic equivalent of the VIX fear gauge, advanced 10.4 per cent and headed for its biggest single day rise since January 27 as rising tensions in Ukraine cast a shadow over emerging markets.
(Read: Volatility index jumps 10% amid Ukraine standoff)
2:30 p.m. Legendary investor Jim Rogers said the Ukraine-Russia standoff is likely to temporarily affect equity markets in emerging countries. He also sees commodity prices inching up but does not expect the crisis to last long.
(See: Gold, oil jump as Ukraine mobilises for war)
2:10 p.m. Sensex trades weak as Ukraine tensions roil global markets. Sensex down 175 points at 20,945 while Nifty trades at 6,219.85
1:30 p.m. Dealer check: They said that investors were worried about global tension between Ukraine and Russia. Most of the Asian markets ended lower today. Traders say that overnight risk in global markets have increased and trading activity continue to be low in the markets. (Track markets)
Sensex is down 170 points to 20,949.25 while is off 56 points to 6,221. Major European markets are down nearly 1.5 per cent.
1:05 p.m. Markets extend losses. Sensex down 108 points to 21,011. At its day's low, Sensex hit 20,992.78. Global markets are weak over Ukraine concerns though rupee is holding up. (Track markets)
12:40 p.m. Shares of HT Media rose as much as 5.8 per cent after well-known private investor Rakesh Jhunjhunwala bought 1.5 million shares in the company.
HT Media shares were up 4.27 per cent at Rs 80.60.
(See: Rakesh Jhunjhunwala buys into HT Media, shares soar)
12: 18 p.m. Market update: Sensex, Nifty drift lower in noon trade. Sensex down 86 points at 21,033 while Nifty off 32 points at 6,245. (Track markets)
Alex Mathew, head of research at Geojit BNP Paribas Financial Services, said the short-term outlook for the Nifty remains slightly negative after the recent run-up. But he remains positive on the March series.
On banking stocks he said they are oversold and are witnessing value-buying. His picks among the mid-cap space: Tech Mahindra, Tata Global and Zee Entertainment.
Among the Nifty stocks, JP Associates and HCL were down over 4 per cent each.
12:02 p.m. Rajiv Bajaj, MD of Bajaj Auto, said we are gaining market share in domestic market and February was a good month for the company. Bajaj Auto was witnessed lesser de-growth in the month as compared to the broader markets, he added.
Mr Bajaj said he expects the new Discover bike to do well in the market. Bajaj Auto shares were down 1.4 per cent to Rs 1,916 as compared to 0.5 per cent fall in BSE Auto index.
11.50 a.m. JPMorgan downgrades Jaiprakash Power Ventures to neutral. Target price cut from Rs 25 to Rs 19. (Read full report)
11:31 a.m. Market update: Sensex, Nifty trade flat with moderate losses. Sensex down 11 points at 21,109 while Nifty off 10 points to 6,267. Broader markets remain in favour of gainers: 1,257 stocks rise on BSE while 842 decline.
Mehrab Irani, General Manager at Tata Investments Corporation, told NDTV that IT, pharma and consumer stocks still look good. (Track markets)
IT and healthcare sectoral indices were down today after Friday's rise. HCL Tech was down 4 per cent while TCS and Wipro were down nearly 0.9 per cent.
11.00 a.m. Banking stocks are among the top gainers. Bank Nifty is up 0.5 per cent at 10,817. PSU lenders such as Bank of Baroda and SBI are trading with over 1 per cent gains. However, capital goods and auto stocks are under selling pressure. (Track markets)
10.50 a.m. Markets trying to break out in the green. Sensex up 2 points now, while Nifty down 6 points. Meanwhile, escalating geopolitical tensions in Ukraine have led to a rise in commodity prices such as gold and crude. Jim Rogers, chairman of Rogers Holdings told NDTV that commodity prices will go up in case of a war, but he expects things to cool down. (Read the full story here)
10.00 a.m. Bajaj Auto February sales slip 5.7 per cent to 3.13 lakh units (in-line with estimates); exports rise 5 per cent to 1.42 lakh units. Shares down 1%. (Track stock)
09.50 a.m. Astrazeneca Pharma India shares up 20 per cent; hit upper circuit. (Here's why)
09.35 a.m. Jaiprakash Power Ventures sinks 14% on power plant sale (Track stock). Its parent Jaiprakash Associates is the top loser on the Nifty benchmark. (Here's why)
09.25 a.m. Deven Choksey, managing director of KR Choksey says traders have started building long positions ahead of elections and the weak rollover from February was on account of a sharp cut back in short positions. Nifty is likely to cross 6,350 with downsides limited to 6,100 for now, he adds.
Market analyst Saumil Trivedi says 5,900 is a major floor for the Nifty and going long may be beneficial from a risk reward perspective.
09.15 a.m. Markets start lower amid Ukraine standoff. Sensex down 37 points, Nifty slips 0.2 per cent at 6,263. (Track markets)
09.10 a.m. Top brokerage calls today,
1) Bank of America Merrill Lynch downgrades Sun Pharma to neutral. Target Rs 670. (Read)
2) Barclays upgrades Reliance Capital to equal weight. Target Rs 354. (Read)
09.00 a.m. Rupee opens lower at 61.95 as against Friday's close of 61.75 per dollar.
08.40 a.m. Top trading tips by market analyst Sarvendra Srivastava,
1) L&T: Buy with a target of 1200 and a stop loss of 1074.
2) Bajaj Auto: Buy with a target of 2100 and a stop loss of 1884.
3) Bank of Baroda: Buy with a target of 600 and a stop loss of 534.4.
08.30 a.m. Stock markets are likely to start lower on Monday according to futures trade on the Singapore Exchange. The SGX Nifty traded 0.14 per cent or 9 points lower at 6,271.50.
08.20 a.m. FIIs bought stocks worth Rs 592 crore in the cash market on Friday, extending their buying to an 11th straight day.
08.15 a.m. Asian markets traded with deep cuts on Monday, while oil prices shot up on escalating tensions between Russia and the West after Russia bloodlessly seized a part of Ukraine.
Kiev mobilised for war on Sunday after Russia declared its right to invade its neighbour, with their forces already controlling strategically important Crimea, an isolated Black Sea peninsula where Moscow has a naval base.
US stock futures fell 1 per cent from a record high hit on Friday while Japan's Nikkei average tumbled 2.3 per cent . MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 per cent. (Read full story here)
The dollar dropped to as low as 101.255 yen, its weakest in almost a month, and last traded at 101.36 yen, about 0.4 per cent below levels late last week.
On top of concerns about a military confrontation, it was not clear Ukraine's new interim government, formed only about a week ago after pro-Russian former President Viktor Yanukovich had been ousted, can secure funds to avoid default.
Kiev has said it needs $35 billion over two years to avoid default, and may need $4 billion immediately. But Ukrainian Finance Minister Oleksander Shlapak said on Saturday the country is unlikely to receive financial assistance from the International Monetary Fund before April.
08.00 a.m. Last week, Indian stock markets posted their strongest weekly gain in three months after blue-chips surged on heavy buying by foreign investors. Foreign investors have been net buyers of cash shares in each of the previous 10 sessions, with net inflows totalling around $600 million. The strong buying has allowed the Sensex to gain 2.95 per cent in February, while the Nifty ended up 3.1 per cent, their biggest monthly gain since October 2013. (Read the story here)
(With inputs from Reuters)
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