80772015 ve: SensexPlunges 450 Points Tracking StockMarket Crash in China - NOTVProfieam Market indicators } J Market Stats Stocks Futures & Options Commodities. Currencies Global Markets. RealEstate IPOs Live: Sensex Plunges 450 Points Tracking Stock Market Crash in China NDTV | Written By: Abhishek Vasudev | Updated On: July 08, 2015 11:54 (IST) 11:52 a.M.: The overall breadth on the BSE was extremely negative as 1,716 stocks were declining while 624 were advancing. ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-770250cn72015 ve: SensexPunges 40 Poi Tracking Stock Mattel Creshin China - NOTVProtcom 11:45 a.m.: Barring four stocks, all the Nifty-50 stocks were trading in the red. Blue-chips such as Tata Motors, Tata Steel, Hindalco, Punjab National Bank, State Bank of india, Infosys, HDFC, Larsen & Toubro, ICICI Bank, Maruti Suzuki and HDFC Bank were trading lower by over 1.5 per cent each 11:35 a.m.: The selling pressure was visible across the board, Metal stocks were the worst hit, the BSE Metal index fell 4 per cent Auto, banking, realty, power, healthcare and capital goods indices also fell 1.25-2 per cent each. 11:25 a.M.: shares of metal companies slumped tracking stock market crash in China. Vedanta's shares slumped 9.2 per cent to Rs 144, Hindalco, Tata Steel, NMDC, JSW Steel and Hindustan Zine also fell 2-5 per cent each 11:20 a.m.: shares of metal companies slumped tracking stock market crash in China. Vedanta's shares slumped 9.2 per cent to Rs 144, Hindalco, Tata Steel, NMDC, JSW Steel and Hindustan Zine also fell 2-5 per cent each 11:05 a.m.: The markets extended losses in the late morning deals tracking massive cuts in China's stock markets. The Sensex plunged 404 points to 27,767 and Nifty fell 133 points to fall below its crucial psychological level of 8,400. The selling pressure was visible across the board. Shares of metal companies were the worst hit in trades today as they have significant exposure to Chinese markets. The metal index on the BSE slumped 3.6 per cent 10:54 a.m.: Archies Ltd shares trade ina highly volatile manner. After opening, the share prices fell 4.25 per cent then stabilised and surged 10 per cent from the previous days close. Trading volumes on the counter surged as 2.38 lakh shares changed hands on the BSE compared to its two-week average of 99,000 chares. The stock was up 7.5 per cent at Rs 26.55. 10:40 a.m.:Manishi Raychaudhuri of BNP Paribas says that siump in equities willlead to downfall in commodity prices and commodities such as oil and metals can crash from here on. Given this scenario, things can turn positive for India as India is net importer of commodities and this would reflect in better Indian macros going ahead. 10:35 a.M.: Jet Airways gained as much as 5.7 per cent on Wednesday, extending its gains to the third day. Jet Airways shares have gained 26 per centin three sessions. (Click here for full report) ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-77025080772015 ve: SensexPlunges 450 Points Tracking StockMarket Crash in China - NOTVProfieam Michael Every of Rabobank says that, things will get worse in the Chinese markets than they get better. Shanghai Composite has gone below 3,600 and it may head back to 2,500. 10:10 a.m.: sensex off day's lows, down 177 points to27,993. BSE smallcap index back in green while the BSE midcap index is off 0.20 per cent. 10:05 a.m.: The Sensex was down 184 points at 27,987 and the Nifty fell 58 points to 8,452. Metal stocks were among the worst hit in trades today. 1 world's second largest economy and the freefall in Chinese markets reflects the underlying weakness in its economy, analysts say. (Click here for full report) 2 A.M.: The continued selloff in Chinese markets has begun to cast its shadow over other countries, including India. China is the 9:55 a.M.: Selling pressure was visible in broader markets as well; the BSE mid-cap index fell 0.4 per cent and the small-cap index slipped 0.2 per cent. JP Power Venture, Yes Bank, GMR infra, Adani Power, M&M Financial Services, Indiabulls Housing finance and IDBI Bank were the top losers from the mid-cap space. 9:50 a.m.: Market expert, Jitendra Shriram says that Chinese stock markets crash will have some impact in the near term on the Indian equity markets but eamnings will be bigger trigger for markets going ahead. 9:40 a.m.: Michael Every of Rabobank says that, things will get worse in the Chinese markets than they get better. Shanghai has gone below 3,600 and it may head back to 2,500. ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-77025080772015 ve: SensexPlunges 450 Points Tracking StockMarket Crash in China - NOTVProfieam 9:30 a.m.: From the Nifty-50 basket of stocks 44 stocks were declining while a mere six stocks were advancing Vedanta, Tata Motors, Caim India, Hindalco, Tata Steel, Yes Bank, Ambuja Cement, Kotak Mahindra Bank and NTPC were among the top loser, down 2-4 per cent each. 9:20 a.m.: The indian markets fell in opening deals in trades today after the sentiment on the Street took a knock as Chinese stock markets continued its massive selloff. Concems surrounding 'Grexit' also weighed upon the sentiment. The Sensex fell 260 points to 27,910, Nifty plunges 87 points to 8,424. Selling pressure was visible across the sectors. Metal, banking, power, auto and really indices fell over 1 per cent each. Shares of companies with significant exposure to China came under heawy selling pressure, Metal stocks which depend to a certain extent on China for their eaming were facing the heat of selling pressure. 9:08 a.m.: Sensex falls 140 points to 28,031 and Nifty slips 71 points to 8,439 in the pre-market session. 9:00 a.m.: Rupee opens lower at 63.54/dollar against Tuesday's close of 63.46 8:56 a.m.: CLSA has recommended buy on Bharti Airtel. CLSA says that Bharti Airtel is their top pick in the telecom sector and the sector is likely to see a renewed phase of consolidation. Spectrum-sharing and trading rules will come out soon and the top three incumbents will gain markets share. 8:42 a.m.: Macqauire has come out with an ‘underperform’ rating on NMDC for target price of Rs 90 per share. Macqauire says that companys facing a bleak business cycle and NMDC looks expensive as it trades at 1.3 times to its price to book value, The brokerage sees low demand and little possibility of improvement. (Click here for more brokerage Calls) 8:38 a.m.: Back home, these stocks will be in focus today: ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-770250 4680772015 ve: SensexPlunges 450 Points Tracking StockMarket Crash in China - NOTVProfieam Hindalco: Hindalco is looking to refinance debt worth $2.4 billion. The company is in discussions with banks about extending the maturity of loan and the companys also looking to negotiate on lower interest cost, Total debt of Hindalco has more than doubled in four years. Crompton Greaves: crompton Greaves has signed pact with Lafarge for global supply agreement for electric motors. Vascon Engineers: vascon Engineers has got an EPC order worth Rs 286 crore. Stock Brokerage Firms: stock brokerages such as MOSL, IIFL and Religare will be in focus as Warburg, General Atlantic are eyeing stake in Sharekhan. NMDC:: noc pians to set up 3 million tonnes per annum steel plant in Kamataka. 8:15 a.m.: The drop in China extended a savage correction that has clipped 30 percent off Chinese shares since mid-June, threatening a new blow to the countrys already slowing economy despite a slew of market support steps from Beijing Shanghai's benchmark composite index was down 6.4 percent, while the CSI800 index of the largest listed companies in Shanghai and Shenzhen slipped 6.7 percent. Chinese media reported that possibly more than half of China's listed companies have suspended or will seek trading suspensions in an attempt to escape the market rout. (Read) 8:10 a.m.: The foreign institutional investors purchased Indian shares worth Rs 23.5 crore on Tuesday while the domestic institutional investors sold shares worth Rs 94.7 crore. In the derivative segment, the Fils bought index futures worth Rs 960 crore while they sold stock futures worth Rs 60 crore, 8:00 a.m.: The indian markets are likely to witness a gap down opening on the back of weak global cues on concems over plunging Chinese markets and ongoing Greece debt concerns ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-770250 680772015 ve: SensexPlunges 450 Points Tracking StockMarket Crash in China - NOTVProfieam The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty plunged over 1 per cent or 94 points to 8,432 indicating a weak start for the Indian equities. 7:55 a.M.: Asian shares fell on Wednesday as investors fretted over Greece's debt crisis and a recent plunge in Chinese stocks, while the euro steadied. Euro zone members gave Athens until the end of this week to propose reform measures in order to secure the funding it needs to stayin the eurozone. (Read) 7:45 a.m. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin Prime Minister Alexis Tsipras has until Friday to present the proposal, but German Chancellor Angela Merkel said she hoped to have convincing reform commitments from Tsipras on Thursday so she could ask the German parliament to authorise negotiations on a new aid programme. (Click here for more) (With agency inputs) Story first published on: July 08, 2015 11:54 (IST) Tags: sensex, Nifty, BSE, NSE, China Stock Market ipproftnatvcomreusimarelarticle-lve-rifyto-itness-gap-dour-opening-on-veak glaba-cues-770250