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Indian equity markets paused their winning run in eight out of the last 10 sessions, ending today's session near the lowest point of the day.
Both the S&P BSE Sensex and the NSE Nifty 50 index ended 1.2% lower at 33,956 and 10,046 respectively.
For the day, both Sensex and Nifty fell over 850 and 250 points from their day's high respectively.
Markets across Europe have extended their losses while futures on the Dow Jones are trading lower by nearly 350 points.
Among sectoral indices, the Nifty Media index ended as the top laggard with cuts of 3.5%. The Nifty Bank and the PSU Banking index ended 2.2% and 1.8% lower respectively.
The Nifty Pharma index outperformed in today's session, ending with gains of 1.6%.
Market breadth turned adverse in the second half of trade. 1,084 stocks on the NSE ended with losses while 784 managed to post gains.
Shares are off the day's high and trade little changed.
Shares are off the day's high after gaining as much as 6.5% in early trade.
Shares gained as much as 4.1% to Rs 94.40 post the announcement. The stock is up for the third straight day.
The company has informed the exchanges that it has successfully commissioned a 270 MW thermal unit at the Bhadradri Thermal Power Project in Telangana.
The said unit is the first one to be commissioned at the project and work on the other three units is also in its advanced stage, the company said in an exchange notification.
This is the second unit commissioned under the MoU signed between the company and Telangana State Power Generation Corporation.
Shares gained as much as 8.6% to Rs 30.3 and are up for the third straight day.
Shares fell as much as 4.1% to Rs 205.3, post the announcement, snapping a three-day gaining streak.
Lets take a look at how benchmark indices across Europe have opened:
The stock trades 1.3% higher at Rs 2,415 and is up for the fourth straight day ahead of its earnings.
India's gold imports fell 99% for the month of May led largely by the lockdown due to Covid-19, Bloomberg News reports, citing people familiar with the data.
Shipments to the world's second-largest gold consumer fell to 1.3 tonnes in May from 105.8 tonnes in the same period last year.
Shipments had plunged to 60 kg in April, the lowest in at least a decade.
Data compiled by Bloomberg shows that imports by India have slumped more than 80% during the first five months of the year to 75.46 tonnes.
Spokesperson from the Finance Ministry was unavailable for commenting on the Bloomberg story.
Shares gained as much as 3.36% to Rs 55.30. The stock is up for the ninth straight day - its longest gaining streak since November 2017.
Shares fell as much as 3.2% to Rs 992 and are the second worst performer on the Nifty 50 index.
The Gujarat High Court has barred Franklin Templeton from liquidating the debt funds it abruptly shut in April, until it disclosed the findings of its forensic audit amid allegations of fraud, Bloomberg News reports.
The decision now prolongs the wait of the unit holders to recoup a sum worth Rs 20,000 crore.
The court barred the fund house from conducting e-voting to seek approval from investors to wind up the six schemes. The voting was suspended post the court order.
A spokesperson from the fund house did not offer a comment on this Bloomberg story.
Shares of Maruti Suzuki are off the day's low and trade little changed, while those of Mahindra Finance are up for the third straight day, gaining 2.8% to Rs 163.10.
The company has informed the exchanges that it has been awarded a PPA capacity of 8 GW solar generation projects by the Solar Energy Corporation of India.
The project is linked with setting up 2GW Solar PV Cell and module manufacturing capacity.
The project is expected to be commissioned progressively over a period of 60 months, the company said in an exchange filing.
This order win takes the company's total capacity to 15 GW - including those under operation, construction or contract. It has set itself a target of 25 GW renewable power by 2025.
Shares are locked in an upper circuit of 5% at Rs 312.75. The stock is up for the 15th straight day and is trading at an all-time high.
Shares gained as much as 5% to Rs 1,555.55 post the announcement. The stock has gained only twice in the last seven trading sessions.
39 lakh shares of India's largest private bank exchanged hands on the National Stock Exchange in two large trades.
The first trade saw 27.6 lakh shares exchange hands while 11.44 lakh shares exchanged hands in the second large trade, according to Bloomberg data.
Buyers and sellers of the trade remained unknown.
Shares fell as much as 1.1% to Rs 1,005 down for the second straight day.
The movie exhibitor reported a loss of Rs 82.2 crore in the quarter gone by, due to changes in taxation norms and the lockdown imposed on account of Covid-19.
It had an impact of Rs 69.9 crore due to deferred tax measurement on account of change in tax rates.
The 22.4% drop in the company's revenue was attributed to the Covid-19 lockdown. The resultant economic impact also led to advertising revenue growth remaining flat at 1%.
Ebitda rose 13.9% while margins expanded to 29.6% from 20.2% due to IND-AS 116.
Shares fell as much as 7.7% to Rs 261.3 post the announcement, down for the second straight day. The stock snapped a five-day winning streak on Monday.
Indian equity markets opened little changed, in-line with its Asian peers who gave up gains after a strong start. Futures on the Dow Jones too are little changed.
The S&P BSE Sensex opened 0.44% higher at 34,520, while the NSE Nifty 50 index opened 0.1% higher at 10,181. Both benchmarks ended 0.25% higher on Monday.
Sectoral indices too had a subdued start with the Nifty Bank, Nifty Auto and Nifty Realty opening with gains of 0.5%. Nifty I.T. and Nifty Media opened with a negative bias.
Market breadth on open stood in favour of the gainers. 1,286 stocks on the National Stock Exchange opened with gains while 604 opened with losses.
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