2:19pm: The S&P BSE Sensex is now down 443.93 points, or 1.63%, to 26,744.45. The CNX Nifty is trading at 8,113.50, down 122.95 points, or 1.49%. 2:10pm: ICICI Bank Ltd loses 4%, heading for a seven-month low, the worst performer on a gauge of lenders.2:00pm: Punjab National Bank (PNB) today slashed interest rate on fixed deposits by 25 basis points on select maturities, a move which could be seen as precursor to a cut in lending rates. PNB shares are trading down 1.1%.1:40pm: The BSE market capitalization falls below ₹ 99 trillion for first time since 7 May. India’s VIX Index also rises 5.35% to 17.72 on NSE.1:28pm: The S&P BSE Sensex recovers slightly from day’s low, down 328.82 points, or 1.21%.12:20pm: Stocks of debt-heavy companies have crashed in trade today. Unitech Ltd is down 40%, JP Associates crashes 28%, IVRCL and Orbit Corp. dive 20% each, Suzlon slides 10%, DLF is down 9%, Reliance Power tumbles 15%. Read more. 12:10pm: The S&P BSE Sensex extends Tuesday’s losses, further tumbling 459.11 points, or 1.69%, to 26,729.27. The Nifty is also down 138.85 points, or 1.69%, to 8,097.60. 12:00pm: Tata Motors Ltd shares fall as much as 6.7%, heading for its biggest decline in 16 months, on poor JLR sales in May.11:55pm: Sun Pharmaceutical drops 1.8%, taking this week’s loss to 13%. The company on Friday posted profit that lagged behind estimates as the costs of combining Ranbaxy Laboratories Ltd eroded margins.11:50am: Banking stocks are down for a second day. ICICI Bank and Axis Bank lose 1.9% each. State Bank of India, the nation’s top lender, slides 0.8% after plunging 4.3% on Tuesday.11:32am: The S&P BSE Sensex is now down 251.78 points, or 0.93%, to 26,936.60.11:20am: Rate-sensitive sectors are witnessing selling pressure after RBI at its monetary policy review signalled that it would await data on monsoon forecast to decide on further rate cut. The BSE Auto index is down 1.75%, BSE Realty index 2.21% and BSE Bankex 0.66%.11:00am: Bharti Airtel shares fall 1% after the company said it has approached investors for issuance of 10-year US dollar bonds. The notes are expected to be rated BBB- (Fitch) / BBB- (S&P) / Baa3 (Moody’s), the company said. The expected tenure for the bonds is 10 years and the likely listing would be on the Singapore Stock Exchange. 10:27am: The S&P BSE Sensex is now down 199.47 points, or 0.73%, to 26,988.91.10:00am: Emami Ltd gains as much as 4.5% to ₹ 1,114.65 as the company acquired the hair and scalp care business of Kesh King for ₹ 1,651 crore.9:53am: The S&P BSE Sensex is trading lower by 128.55 points, or 0.47%, to 27,059.83.9:40am: Adani Enterprises Ltd lost 70% to ₹ 191.50 per share as it separates its transmission business and spins it off into a separate entity. According to the arrangement, the ports business of Adani Enterprises will be folded into Adani Ports and Special Economic Zone and all its power assets will be merged with Adani Power. Power transmission business will be run by Adani Transmissions Ltd, which the group plans to list on the BSE and the National Stock Exchange. The listing of Adani Transmissions, which has over 5,000 circuit km of power lines in western, northern and central India, is expected to unlock value. Adani Mining Pvt. Ltd will be folded into Adani Enterprises.9:30am: Nestle India Ltd loses as much as 10.1% to ₹ 6,119.40 after the alleged discovery of unsafe substances in its noodle brand Maggi. Delhi government official called the popular snack unsafe for consumption. Karnataka and Haryana governments have decided to test the samples. But the Goa government has given a clean chit to Maggi.9.27am: The S&P BSE Sensex is trading lower by 0.26%, or 89.09 points, at 27,099.29 points, while the National Stock Exchange’s 50-share CNX Nifty is down 0.29%, or 24.15 points, to 8,212.30 points.9:25am: Extending Tuesday’s bloodbath, the stock markets open lower again today on prediction of below-normal monsoon showers and uncertainties over further rate cuts. 9:20am: The yield on India’s 10-year benchmark bond is trading unchanged at 7.71%. 9:18am: The Indian rupee opens higher at 63.76 per dollar compared with its previous close of 63.82, a day after RBI cut interest rates by 25 basis points (bps) for the third time this year. 9:15am: The dollar is under pressure against the euro and other currencies after its rally ended on doubts over a US rate rise and speculation about a Greek funding deal. The greenback slips to 123.96 yen in Tokyo trading from 124.09 yen late Tuesday in New York. The euro bought $1.1155 and 138.32 yen on Wednesday in Tokyo, compared with $1.1152 and 138.39 yen on Tuesday in New York.9:10am: WTI crude drops to $60.88 a barrel after gaining 1.8% on Tuesday. Brent oil slips 0.5% to $65.17 per barrel.9:05am: The MSCI Asia Pacific Index loses 0.1% by 9:58am in Tokyo, with Japan’s Topix index slipping 0.2%. Japan’s Nikkei 225 Stock Average extends its retreat from a 15-year high, losing 0.4% in a second day of declines. 9:00am: Asian stocks fall for a third day, while bonds in the region tracked a selloff in the US and Europe amid signs of resurgent price growth in the euro area. 8:55am: The S&P 500 slipped as much as 0.6% on Tuesday, bottoming at 2,099, its average price for the past 50 days, before paring the decline to close down 0.1%.