Key benchmark indices hovered in a narrow range in afternoon trade. At 13:18 IST, the barometer index, the S&P BSE Sensex was down 415.68 points or 1.21% at 33,997.48. The Nifty 50 index was down 130.75 points or 1.24% at 10,446.10. The Sensex was trading below the 34,000 mark after flirting with that level in intraday trade. Asian stocks declined sharply today after a rout on Wall Street overnight amid rising interest rates.
The S&P BSE Mid-Cap index fell 0.23%. The S&P BSE Small-Cap index shed 0.09%. Both these indices outperformed the Sensex.
Key indices had opened today's session on a shaky note on weak global cues. Indices languished in negative terrain within a small range so far.
The breadth, indicating the overall health of the market, was negative. On the BSE, 1,492 shares declined and 1,113 shares advanced. A total of 148 shares were unchanged.
Most IT stocks declined. Tech Mahindra was down 2.06%, MindTree down 1.72%, Infosys down 1.64%, TCS down 1.19%, Wipro down 1.19%, Oracle Financial Services Software down 0.67% and Persistent Systems down 0.54. However, Hexaware Technologies was up 0.67%, HCL Technologies up 1.05% and MphasiS up 2.14%.
FMCG shares were mixed. GlaxoSmithKline Consumer Healthcare down 1.83%, Tata Global Beverages down 1.4%, Marico down 1.25%, Hindustan Unilever down 0.86%, Dabur India down 0.59%, Godrej Consumer Products down 0.08% and Jyothy Laboratories down 0.07%. However, Britannia Industries was up 0.06%, Colgate Palmolive (India) up 0.06%, Procter & Gamble Hygiene & Health Care up 0.18%, Nestle India up 0.23% and Bajaj Corp up 2.73%, edged higher.
Ajmera Realty & Infra India fell 12.32% after consolidated net profit fell 9.48% to Rs 21.01 crore on 10.62% rise in total income to Rs 91.89 crore in Q3 December 2017 over Q3 December 2016. The results were announced after market hours yesterday, 8 February 2018.
More From This Section
Syndicate Bank declined 1.61% after the bank said that it has kept marginal cost of funds based lending rates unchanged for various tenors with effect from 10 February 2018 after the latest review. The announcement was made during market hours today, 9 February 2018.
The bank's marginal cost of funds based lending rate (MCLR) for overnight loans will be 7.95%, the rate for one month will be 8% and for three months it will be 8.05%. The MCLR on 6-month loans will be 8.25% and for one-year loans the rate will be 8.45%, the bank said.
Overseas, Asian stocks tumbled after US stocks plummeted once again in the last session. China inflation as represented by the consumer price index (CPI) rose 0.6% month-on-month in January, well above the previous month's print of 0.3%, data released today, 9 February 2018 showed.
US stocks fell sharply yesterday, 8 February 2018 as strong earnings and economic data were not enough to quell investors' jitters on Wall Street about higher interest rates. US initial jobless claims decreased 9,000 to a seasonally adjusted 221,000 for the week ended 3 February, the Labor Department said yesterday, 8 February 2018. The second straight weekly decline in claims pointed to strong job growth momentum.
In Europe, the Bank of England (BoE) yesterday, 8 February 2018, said it is likely to raise interest rates earlier and faster than previously expected to damp the effects of a stronger global economy on UK inflation. All nine members of the bank's Monetary Policy Committee agreed a statement that the central bank was no longer willing to tolerate inflation above its 2% target over the next three years, reports suggested.
Powered by Capital Market - Live News