Post Session: Sensex breaches 26K level, Nifty ends below 8,000; CDS, metal stocks drag 22/12/2016 16:10

Post Session: Sensex breaches 26K level, Nifty ends below 8,000; CDS, metal stocks drag 22/12/2016 16:10
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The Indian equities ended in a bearish territory for the seventh straight session on Thursday, with benchmark indices Sensex slipped below psychological level of 26,000 and Nifty settled below its 8,000 mark, amid sustained selling by foreign portfolio investors and funds. Persistent worries over economic growth and corporate earnings along with weak cues from fellow Asian markets also kept investors sideline ahead of the Christmas holidays.

The 30-share benchmark index closed trade at 25979.6, down by 262.78 points or by 1 per cent, and the NSE Nifty ended at 7979.1, down by 82.2 points or by 1.02 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 26248.45 and intraday low of 25940.14, while the NSE Nifty touched intraday high of 8046.45 and intraday low of 7964.95.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 264.00,-3.56%), Tata Steel Ltd. (Rs. 392.40,-3.09%), Oil And Natural Gas Corporation Ltd. (Rs. 195.35,-3.03%), Bharti Airtel Ltd. (Rs. 293.15,-2.98%), NTPC Ltd. (Rs. 160.20,-2.20%), among others.

On the flip side, ITC Ltd. (Rs. 227.25,+0.51%), Asian Paints Ltd. (Rs. 869.55,+0.38%), Wipro Ltd. (Rs. 463.75,+0.26%), Tata Motors Ltd. (Rs. 469.65,+0.19%), Cipla Ltd. (Rs. 562.95,+0.02%), were among top gainers on BSE.

On the sectoral front, all the thirteen indices ended in red, while metal and consumer durables stocks emerged as top losers, falling as much as 2.78 per cent and 1.9 per cent respectively.

The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2940, shares advanced were 714 while 2067 shares declined and 159 were unchanged.

Post Session: Sensex plunges 700 pts, Nifty ends below 8,300; broader markets crack : 11/11/2016 16:33

Post Session: Sensex plunges 700 pts, Nifty ends below 8,300; broader markets crack : 11/11/2016 16:33

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Trigged by sharp sell-off in broader markets, the key domestic benchmark indices ended bleeding in red on Friday, tracking a mixed trend across markets in Asia as investors ponder over what the priorities for the new US President Donald Trump and his administration will be, curbing risk taking appetite.

The 30-share benchmark index closed trading at 26818.82, down by 698.86 points or by 2.54 per cent, and the NSE Nifty was at 8296.3, down by 229.45 points or by 2.69 per cent.

Traders also remained wary ahead of the September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy. India’s industrial output probably expanded 1 per cent in September 2016 from the same month a year ago, following an annual contraction of 0.7 per cent in August 2016.

Adding the woes, index heavyweight State Bank of India tumbled over 3 per cent after it reported a fall of 34.6 per cent in its standalone net profit for the second quarter ended September 30, 2016 at Rs 2,538.32 crore, as provisions against bad loans doubled.

During the day’s trade, the BSE Sensex touched intraday high of 27344.85 and intraday low of 26777.18, while the NSE Nifty touched intraday high of 8460.6 and intraday low of 8284.95.

In line with benchmark indices, the broader market also ended bleeding in red with the BSE MIDCAP closing at 12464.02, down by 467.56 points or by 3.62 per cent, while the BSE SMLCAP settled at 12485.07, down by 441.71 points or by 3.42 per cent.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1241.85,-6.02%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.50,-5.86%), ICICI Bank Ltd. (Rs. 277.00,-5.32%), Hero MotoCorp Ltd. (Rs. 2981.75,-5.18%), Asian Paints Ltd. (Rs. 963.60,-5.02%), among others.

On the sectoral front, all the thirteen indices ended bleeding in red with auto and consumer durables stocks emerged as top losers, falling as much as 4.53 per cent and 4.19 per cent respectively.

The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2963, shares advanced were 518 while 2284 shares declined and 161 were unchanged.

Post session: Sensex snaps 4-day gaining streak, Nifty ends below 8,800 20/09/2016 16:10

Post session: Sensex snaps 4-day gaining streak, Nifty ends below 8,800
20/09/2016 16:10

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Snapping four day gaining streak, the Indian equities ended lower on Tuesday as investors resorted to profit booking ahead of key central bank meetings this week which may offer cues over the outlook for the global economy, curbing risk taking appetite.

The 30-share BSE SENSEX closed at 28523.2, down by 111.3 points or by 0.39 per cent and the NSE Nifty ended at 8775.9, down by 32.5 points or by 0.37 per cent.

The focus is on the US Federal Reserve and the Bank of Japan with both central banks slated to begin their two-day policy meetings on Tuesday. The chances of a US Fed rate hike this week remain slim in the wake of recent soft US economic data while analysts are divided over the possibility of further Bank of Japan action. A decision by the Fed to refrain from tightening may boost foreign capital flows to emerging markets including Asia’s third biggest economy.

In the bearish trade, the BSE Sensex touched intraday high of 28698.81 and intraday low of 28480.53, while the NSE Nifty touched intraday high of 8816.45 and intraday low of 8759.3.

The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3468.10,-2.43%), Adani Ports & Special Economic Zone Ltd. (Rs. 270.15,-2.16%), Bajaj Auto Ltd. (Rs. 2888.10,-1.96%), Bharti Airtel Ltd. (Rs. 318.90,-1.59%), NTPC Ltd. (Rs. 153.45,-1.22%), among others.

On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 257.75,+1.48%), Tata Steel Ltd. (Rs. 365.45,+1.08%), Cipla Ltd. (Rs. 601.90,+0.70%), Maruti Suzuki India Ltd. (Rs. 5512.85,+0.53%), Power Grid Corporation of India Ltd. (Rs. 177.95,+0.39%), were among top gainers on the BSE.

On the sectoral front, realty and power stocks emerged as top losers, falling as much as 1.94 per cent and 0.75 per cent respectively.

On the global front, Asian stocks ended lower as investors remained cautious ahead of the Federal Reserve and the Bank of Japan policy meets this week.

Post Session: Sensex sinks 224 pts on F&O expiry, Nifty ends below 8,600 25/08/2016 16:09

Post Session: Sensex sinks 224 pts on F&O expiry, Nifty ends below 8,600
25/08/2016 16:09
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The Indian equities ended tad lower in a choppy trade on Thursday as traders roll over their positions on the day of the expiry of the August derivative contracts. The volatility persisted in the market as investors awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.

The BSE SENSEX closed at 27835.91, down by 224.03 points or by 0.8 per cent and the NSE Nifty ended at 8592.2, down by 58.1 points or by 0.67 per cent.

Traders are seeking more clarity from the Fed over its outlook for further tightening of borrowing costs in the world’s biggest economy. Tightening of US monetary policy may lead to volatility in capital flows to emerging markets such as Asia’s third biggest economy.

In the volatile trade, the BSE Sensex touched intraday high of 28154.21 and intraday low of 27803.24, while the NSE Nifty touched intraday high of 8683.05 and intraday low of 8583.65.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 262.15,-3.02%), Wipro Ltd. (Rs. 505.10,-2.84%), Tata Steel Ltd. (Rs. 372.40,-2.04%), Infosys Ltd. (Rs. 1036.55,-1.99%), Housing Development Finance Corporation Ltd. (Rs. 1357.60,-1.93%), among others.

Meanwhile, GAIL (India) Ltd. (Rs. 373.20,+2.04%), ITC Ltd. (Rs. 253.30,+1.24%), Axis Bank Ltd. (Rs. 586.40,+0.47%), Dr. Reddy's Laboratories Ltd. (Rs. 3049.55,+0.34%), Power Grid Corporation of India Ltd. (Rs. 183.00,+0.30%), were among top gainers on BSE.

On the sectoral front, metal and teck stocks emerged as top losers on BSE, falling as much as 1.43 per cent and 1.36 per cent respectively.

The market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3016, shares advanced were 1297 while 1522 shares declined and 197 were unchanged.

On the global front, the Asian shares ended mostly lower, except Hang Seng, as commodity shares slumped as oil prices fell after a surprise surge in US inventories last week while Turkey’s military operation in Syria signaled heightened geopolitical risks, curbing risk taking appetite. Caution ahead of Yellen’s speech tomorrow weighed as investors await whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. China’s Shanghai Composite ended tad lower amid fears that the government may act to curb speculative activity in the country’s financial markets. Hang Seng settled with modest gain while Japan’s Nikkei 225 closed lower amid a slump in oil related stocks.