Don’t miss the latest developments in business and finance.

MARKET WRAP: Sensex loses 80 pts, Nifty ends at 10,848; bank stocks slip

All that happened in markets today

SI Reporter New Delhi
Markets, Stocks, Shares

3 min read Last Updated : Sep 05 2019 | 4:02 PM IST

Key Events

4:02 PM

TECH VIEW :: Rohit Singre, senior technical analyst, LKP Securities

Nifty has support near 10,800-10,745 levels. Staying above them can see some swift move towards 10,900-10,960, which are the immediate resistance levels for the index. Nifty Bank closed at 26,920 with loss of 204 points and has formed a 'bearish candle' on the daily chart. The support for index is around 26,700-26,500 levels and it faces resistance at 27,150-27,400 levels

3:45 PM

Auto stocks gain on GST rate cut hope

3:44 PM

Sensex heat map

3:43 PM

ICICI Bank among key losers today

3:42 PM

Nifty Realty ends nearly 2% lower; stocks mixed

3:41 PM

Market snapshot

3:35 PM

CLOSING BELL

The S&P BSE Sensex lost 80 points or 0.22 per cent to settle at 36,644 while NSE's Nifty50 index ended at 10,848, up 3 points or 0.03 per cent. 

3:18 PM

NEWS ALERT | FM Nirmala Sitharaman to hold press conference on Friday around 7.30/8 pm: CNBC-TV18


2:55 PM

Consumer durable stocks gain

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%)
BHARAT ELECTRON 107.65 109.50 106.20 1.10 1.03
VIDEOCON INDS. 1.30 1.35 1.23 0.01 0.78
PG ELECTRO. 45.50 47.00 43.80 1.20 2.71
BPL 16.70 17.20 15.45 1.30 8.44
INFLAME APPLIAN. 133.00 135.00 130.00 15.00 12.71
MIRC ELECTRONICS 12.42 12.75 11.70 0.22 1.80
ACRYSIL 99.45 100.00 97.15 0.60 0.61
SUJANA UNIV. IND 0.19 0.19 0.19 0.00 0.00
SHARP INDIA 14.50 15.95 14.50 -0.75 -4.92
GENUS POWER 21.20 21.55 21.20 -0.20 -0.93

2:45 PM

Stocks that hit 52-week low on BSE500

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
ASHOKA BUILDCON 93.15 92.40 -0.90 -0.96
CANARA BANK 192.00 190.35 -0.95 -0.49
MAGMA FINCORP 57.75 56.40 -1.30 -2.20
REL. COMM. 0.76 0.76 -0.03 -3.80
» More on 52 Week Low

2:36 PM

Shankara Building Products surges 14%

2:29 PM

Web Exclusive | Asian Paints to Infosys: 70 stocks that surged up to 40% since Budget 2019

Among the outperformers, most of the pharmaceutical firms, paint companies, and information technology companies have defied the fall in the market. Consider this: In the past three months, Godfrey Phillips, Zydus Wellness, Reliance Nippon Life Asset Management, HDFC AMC, Sun Pharma Advanced Research Company and Hathway Cable and Datacom have surged between 20 – 41 per cent. READ MORE


2:26 PM

NEWS ALERT | Cochin Shipyard receives LoA from Kochi Metro Rail for building 23 boats

2:20 PM

MARKET CHECK | Top losers on the BSE at this hour

2:05 PM

BUZZING STOCK:: Dish TV zooms 10%

Benchmark indices ended Thursday's session on a flat note amid selling in financial counters. The S&P BSE Sensex lost 80 points or 0.22 per cent to end at 36,644, with HDFC (down nearly 3 per cent) being the worst performer and Tata Motors (up 8 per cent) the biggest gainer. 

During the day, the index hit a high and low of 36,898.99 and 36,541.88, respectively. HDFC twins, ICICI Bank, TCS, Hindustan Unilever (HUL) and Reliance Industries (RIL) were the top contributors the index's loss. 

On NSE, the frontline index Nifty50 settled at 10,848, up 3 points or 0.03 per cent with 34 constituents advancing and 16 declining. 

On the sectoral front, realty stocks bled the most, followed by financial services counters. The Nifty Realty index slipped nearly 2 per cent to end at 256 levels. On the contrary, auto stocks gained the most. 

In the broader market, the S&P BSE MidCap index ended at 13,283 levels, up 19 points, or 0.15 per cent, and the S&P BSE SmallCap index gained 90 points or 0.72 per cent to settle at 12,496.

Among individual stocks, auto stocks rallied in the afternoon session on Thursday after Transport Minister Nitin Gadkari said the government was considering a cut in the goods and services tax (GST) rate on hybrid vehicle. Tata Motors advanced the most, surging 8 per cent after its British arm Jaguar Land Rover (JLR) said it plans to launch 30 new or revamped vehicles in China in the next two years. 

ONGC gained over 5 per cent after India's foreign secretary said on Wednesday that India and Russia are targeting $30 billion of annual trade by 2025. "Seeking to boost bilateral trade from its current $11 billion, the two countries announced deals in sectors including energy, defence and shipping after a meeting between Russian President Vladimir Putin and Prime Minister Narendra Modi at an economic forum in Vladivostok," Reuters reported. READ MORE

GLOBAL STOCKS

European shares jumped to fresh one-month highs after news of US-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy. The rally followed gains in Asia, with MSCI’s broadest index of Asia-Pacific shares outside Japan gaining as much as 1.08 per cent to reach its highest since August 2. US stock futures reversed early losses and rose 0.5 per cent.

(With inputs from Reuters)





Topics :MarketsMARKET WRAP

First Published: Sep 05 2019 | 7:06 AM IST