Markets close Muhurat trade in red; Sensex down 194 pts, Nifty below 10,150

During the year (Samvat 2073), benchmark indices, the S&P BSE Sensex and the Nifty 50 hit their respective all-time highs and gained around 16% and 18%, respectively

The benchmark indices kicked off  Samvat 2074 on a negative note with the Nifty50 settling below its crucial 10,150 mark on Muhurat trading day.  

Banking stocks were the biggest losers with the Nifty Bank ending at 24,009, down 304 points. 

While the start to Samvat 2074 may have been negative, the market hit all-time high during Samvat 2073 as investors took all developments – geopolitical tensions between the United States (US) and Korea, monetary policies of various central banks, outcome of US presidential election at the global level and impact of demonetisation, goods and services tax (GST) rollout back home – in their stride.  

The S&P BSE Sensex and the Nifty50 gained around 16% and 18%, respectively.  

Though analysts caution that markets are likely to remain volatile in Samvat 2074, strategies adopted by the global central banks; corporate earnings growth of India Inc; commodity prices, especially crude oil; and the progress on reforms and health of the economy are some of the key factors that will have a bearing on the overall market sentiment. 

That apart, market participants will also keep a tab on the state polls over the next one year, especially Gujarat.

7:44 PM

Market breadth

 

Market breadth, indicating the overall health of the market remained positive. On the BSE, 1,487 shares gained, 986 shares declined, while 111 remained unchanged.

7:42 PM

Broader markets pare gains to end flat

In a volatile session, broader markets hit their respective all-time highs, but settled pared gains to settle flat. The BSE Smallcap index was up 0.1%, while the BSE Midcap index was down 0.2%. 

7:40 PM

Markets at close

The S&P BSE Sensex ended at 32,389, down 194 points, while the broader Nifty50 closed at 10,146, down 64 points. 

7:29 PM

Banking stocks lead losses; NIfty Bank down 1.5% at 32,950

Source: NSE

7:15 PM

Markets trade weak 

At 7:15 pm, the S&P BSE Sensex was trading at 32,362, down 221 points, while the broader Nifty50 was ruling at 10,183, down 27 points.

7:10 PM

Bharti Airtel extends gains 

7:01 PM

BSE Midcap, BSE Smallcap hit new highs 

The S&P Midcap index touched a high of 16,192.77 in early trade today, surpassing its previous high of 16,183.88 hit on September 20, 2017 in intra-day deal. The S&P BSE Smallcap index too hit a new high of 17,174.09, surpassing its previous high of 17,108.45 touched on Wednesday, October 18, 2017. READ FULL REPORT

6:54 PM

Telecom stocks gain as Reliance Jio unveils new tariff plan


Bharti Airtel up over 1% at Rs 467

Idea Celular up 2% at Rs 90

6:51 PM

Indian equity markets may need to swallow a bitter pill: Sukumar Rajah

 

here has been much uncertainty surrounding India’s recent reforms and how they may impact the economy and stock market. Some observers have argued that the government’s move to remove cash from circulation to thwart corruption has been a failure. And, some say the implementation of the new Goods and Services Tax (GST) could be more disruptive than expected.

 

While it is still too early to be certain exactly how these reforms will play out, our belief is that over the longer term, comprehensive reforms should likely overhaul the current system and improve efficiency READ THE FULL ARTICLE HERE

6:50 PM

Midcap index up 0.3% at 16,150 

Source: BSE

6:48 PM

Smallcap index gains 0.6% 

Source: BSE

6:41 PM

Sectoral trend 

Source: NSE

6:37 PM

Sensex heatmap at open

Source: BSE

6:37 PM

Markets at open 

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,533.12	-51.23	-0.16
S&P BSE SENSEX 50	10,587.38	-10.91	-0.10
S&P BSE SENSEX Next 50	34,945.11	+55.52	+0.16
S&P BSE 100	10,606.16	-6.55	-0.06
S&P BSE MidCap	16,163.05	+47.07	+0.29

(Source: BSE)

6:35 PM

Broader markets 

Broader markets remained little changed. The BSE Midcap and the BSE Smallcap indices were trading flat.