Vinod Nair, Head of Research, Geojit Financial Services
Noise surrounding the global market continued to impact the liquidity in domestic market. But, the impact is narrowing due to a feeling that the risk is short-lived. FIIs continued to pull out their exposure while liquidity from DIIs increased on expectations of a pickup in economic growth momentum.
3:44 PM
Top sectoral loser
Nifty Pharma index extended losses for the third day to end 1.5% lower.
Source: NSE
3:39 PM
Top Sensex gainers and losers
Source: BSE
3:37 PM
Market breadth
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,331 shares rose and 1,237 shares fell. A total of 150 shares remained unchanged.
3:36 PM
Broader markets
The BSE Midcap and the BSE Smallcap indices outpeeformed to add 0.2% and 0.3%, respectively.
3:35 PM
Markets at close
The Sensex ended at 31,661, down 147 points, while the Nifty50 settled at 9,916, down 36 points.
3:25 PM
Asian markets at close
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% and Tokyo's Nikkei hit a four-month low and closed down 0.1%. South Korea's KOSPI index ended down 0.3% at a near four-week low. China's Shanghai Composite settled little changed, while Hong Kong's Hang Seng shed 0.4%.
3:25 PM
European markets
European shares opened lower. The pan-European STOXX 600 index fell 0.3% with an index of banks losing 0.5%. France's CAC 40 and Britain's FTSE 100 were also down 0.2% and 0.5%, respectively.
3:21 PM
Nifty holds above 9,900
Top five losers on the index
3:15 PM
Morgan Stanley on GDP growth
Economic activity in the country lost some pace amid GST related disruptions but underlying growth momentum remains strong and the country may clock 6.7 per cent growth this fiscal, says a Morgan Stanley report. READ FULL REPORT
3:07 PM
Markets check
At 3:05 pm, the Sensex was trading at 31,679, down 130 points, while the Nifty50 was ruling at 9,921, down 30 points.
2:58 PM
Bajaj Finance surpasses IndusInd Bank in market cap
Bajaj Finance had a market capitalization (m-cap) of Rs 103,196 crore, which was Rs 2,298 crore more than IndusInd Bank’s m-cap of Rs 100,898 crore, the BSE data shows. READ MORE
2:47 PM
RIL to turn ex-bonus tomorrow
Reliance Industries (RIL) was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE, after the company fixed September 9 as the record date for 1:1 bonus issue. The stock will turn ex-bonus tomorrow on September 7.
2:29 PM
Shankara Building Products rallies 124% since listing
Since listing on April 5, 2017, the stock price of the company zoomed 124% from Rs 633, as compared to 6% rise in the S&P BSE Sensex. It soared 2088% against its initial public offer (IPO) price of Rs 460 per share. CLICK HERE FOR DETAILS
2:10 PM
Alternative investment funds gain traction, draw Rs 1 lakh cr
With buoyancy in the capital markets, investors are increasingly looking at Alternative Investment Funds (AIFs), which offer investment flexibility. According to data from the Securities and Exchange Board of India (Sebi), investment commitments were worth Rs 1 lakh crore as of June 2017, a fourfold jump from Rs 24,873 crore two years earlier. READ MORE
The benchmark indices ended lower on Wednesday as tensions over North Korea’s latest nuclear test showed few signs of abating and continued to spook global investors.
Investors took cues from the negative trend seen in European and Asian markets after the S&P 500 suffered its biggest one-day fall in three weeks on Tuesday as US investors sold in reaction to North Korea's sixth and biggest nuclear weapons test on Sunday.
Meanwhile, the rupee dropped to as low as 64.26 per dollar, its weakest level since August 16, but pared falls to 64.20, compared to its 64.1275 close on Tuesday.