Some of the banking as well as housing finance companies stocks saw severe beating today which dragged the markets down. Among housing finance companies, Dewan Housing Finance (DHFL) stock was the worst performing.

The 30-share index cracked 1,127.58 points, or 3 per cent, to hit an intra-day low of 35,993.64 Friday. It, however recovered most of the losses within minutes of the fall.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. Benchmark indices finished with losses Friday after investors were jolted by a sudden mid-session plunge amid a massive sell-off in NBFC stocks. The BSE Sensex, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 in afternoon trade, before staging an equally sharp recovery within minutes.

A bank official, however, said the money has been paid \"in protest\" and the lender believes that it has not violated any norms.

The Sensex and Nifty crashed in afternoon trade today amid heavy selling in housing finance companies stocks. NBFC stocks crashed and spooked Sensex and Nifty which fell nearly 1,128 points and 368 points, respectively. However, the indices later recovered on management of these companies allaying concerns over their financial position. Watch BusinessToday.In video.

What brought on the heavy selling in the stocks of non-banking finance companies (NBFCs)? Blame it on tightness in the money market and investor concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL&FS.

The Dewan Housing Finance stock fell up to 60 per cent or 364 points in trade today which spurred heavy selling in other housing finance stocks.

The stock of Dewan Housing Finance fell 59.67% or 364 points to a new low of 246.25, the most among the NBFCs.

However, the indices later recovered on management of these companies allaying concerns over their financial position.

While the Bajaj Hindusthan stock lost 8.82%, Simbhaoli Sugars fell 9.77% on the BSE. Avadh Sugar and Energy (3.03%), Balrampur Chini Mills (4.45%), Mawana Sugars (6.33%), Dalmia Bharat Sugar & Industries (8.99%) and Andhra Sugars (5.28%) were the other losers on BSE.

Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.

While Reliance Nippon Asset Management fell over 10 percent, HDFC Asset Management Co slipped more than 9 percent in morning trade.

A layoff is a hard thing to cope with. If you feel you are at risk of losing your job, it is best to start thinking about how you can secure your future. It's important to be financially prepared for a future where jobs may no longer be guaranteed.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. The BSE benchmark Sensex extended losses for the second session Tuesday by plummeting 295 points to close at an over one-month low of 37,291 owing to hectic selling in financial and auto stocks amid escalating US-China trade tariff tensions and worsening rupee woes.

Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interests; Bank of Baroda, Vijaya Bank, Dena Bank stocks make major moves post merger announcement; US-China trade war: Trump imposes fresh round of tariffs on imports worth $200 bn; India delays imposition of retaliatory tariffs on U.S. goods till November 2; gold to become more expensive? Govt may hike import duty to stem rupee fall. Watch more in this episode of Business Wrap.

The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.

Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 

After rallying for two sessions, the Sensex and Nifty closed over 1% lower on Monday as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency.While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on do...

The top gainer among sugar stocks was Avadh Sugar and Energy which hit the upper circuit of 19.99% to 567.15 level on BSE today. The stock of sugar manufacturer Bajaj Hindusthan Sugar rose up to 19.95% to 10.22 level on the BSE.