Post Session: Sensex ends 48 pts lower on Europe selloff; ICICI Bank nosedives 5%
01/08/2016 16:33
BSE SENSEX closed at 28003.12, down by 48.74 points
NSE Nifty ended at 8636.55, down by 1.95 points
Early today, macro data showed that India's manufacturing activity continued to improve in July, backed by stronger upturn in new business orders. The Nikkei Markit India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance grew to 51.8 in July from 51.7 in June, the highest since April, with a reading above 50 signaling expansion.
On the corporate front, Advanced Enzyme Technologies made a strong debut with shares rising over 31 per cent on Monday. Thane-based enzymes maker listed at Rs 1,210, a 35 per cent premium against its issue price of Rs 896 per share on the National Stock Exchange. The scrips of company rose as much as 38.7 per cent in intra-day trade to Rs 1242.75, before closing at Rs 1178.30 on the BSE.
Shares of ICICI Bank plunged over 5 per cent on the Bombay Stock Exchange after the private sector lender reported disappointing earnings for the first quarter ended June 30, 2016 as declining asset quality dragged interest income.
On the sectoral front, capital goods and financial stocks emerged as top losers, falling as much as 2.34 per cent and 1.18 per cent respectively.
On the global front, most of the Asian stocks ended higher, except China’s Shanghai Composite, as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy. Japan’s Nikkei 225 settled with modest gains even as a stronger yen curbed the lure for exporter stocks, while Hang Seng ended 1 per cent above the baseline.
01/08/2016 16:33
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The Indian benchmark indices ended volatile trade on bearish note on Monday, paring early gains, led by losses in index heavyweights such as ICICI Bank, L&T, Lupin, SBI, BHEL and PNB, tracking sell-off in European markets. However, strong buying across IT and Teck space capped day’s losses as they gained between 1.7 per cent and 1.5 per cent respectively. Investors also remained jittery over the developments in the Parliament surrounding the crucial GST bill with fresh political hurdles threatening to delay the passage of the bill in the Rajya Sabha. BSE SENSEX closed at 28003.12, down by 48.74 points
NSE Nifty ended at 8636.55, down by 1.95 points
Early today, macro data showed that India's manufacturing activity continued to improve in July, backed by stronger upturn in new business orders. The Nikkei Markit India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance grew to 51.8 in July from 51.7 in June, the highest since April, with a reading above 50 signaling expansion.
On the corporate front, Advanced Enzyme Technologies made a strong debut with shares rising over 31 per cent on Monday. Thane-based enzymes maker listed at Rs 1,210, a 35 per cent premium against its issue price of Rs 896 per share on the National Stock Exchange. The scrips of company rose as much as 38.7 per cent in intra-day trade to Rs 1242.75, before closing at Rs 1178.30 on the BSE.
Shares of ICICI Bank plunged over 5 per cent on the Bombay Stock Exchange after the private sector lender reported disappointing earnings for the first quarter ended June 30, 2016 as declining asset quality dragged interest income.
On the sectoral front, capital goods and financial stocks emerged as top losers, falling as much as 2.34 per cent and 1.18 per cent respectively.
On the global front, most of the Asian stocks ended higher, except China’s Shanghai Composite, as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy. Japan’s Nikkei 225 settled with modest gains even as a stronger yen curbed the lure for exporter stocks, while Hang Seng ended 1 per cent above the baseline.
