Sensex ends 205 pts lower, Nifty below 10050 post RBI policy outcome

Here's all that happened in the market today

12:44 PM

Buzzing stock

5paisa Capital was locked in upper circuit for the second straight day, up 5% at Rs 206 on the National Stock Exchange (NSE) after Nirmal Jain, the promoter of the company, bought an additional one percentage point stake in the company through an open market transaction.

 

Till 10:09 am; around 5,306 shares changed hands on the counter and there were pending buy orders for 806,680 shares on the NSE. READ FULL REPORT

12:31 PM

With 6700% return so far in 2017, this altcoin has trumped Bitcoin 

 

Bitcoin (BTC) touched another milestone on Wednesday, crossing the $12,000 mark for the first time ever. At 10:50 am Indian time (IST), BTC was ruling at $12,444 levels, acocording to data from industry website Coinmarketcap. The Cryptocurrency has rallied as much as 1193% to $12,452 so far in calendar year 2017 (CY17).

 

While Bitcoins got most attention, 2017 has been a remarkable year for other cryptocurrencies as well. Many alternative coins, aka altcoins, have outperformed Bitcoin. For instance, Dash has risen up to 6,700% so far this year, data show. READ MORE

12:15 PM

Buzzing stock 

 

Punjab Chemicals and Crop Protection surged 12% to Rs 478, also its record high on the BSE in intra-day trade, after the company announced  that its board will meet on Friday, December 8, 2017 to consider fund raising plans.

 

On November 16, the company said the board will consider the un-audited financial results for the second quarter and half year ended September 30, 2017 (Q2FY18). READ MORE

12:06 PM

Markets extend decline 

The benchmark indices extended declines in late morning deals with the Sensex dipping over 150 points, while Nifty50 continued trading below 10,100. 

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,677.47	-124.97	-0.38
S&P BSE SENSEX 50	10,512.85	-46.31	-0.44
S&P BSE SENSEX Next 50	34,911.54	-205.09	-0.58
S&P BSE 100	10,542.07	-49.03	-0.46
S&P BSE Bharat 22 Index	3,635.88	-24.72	-0.68

Source: BSE

11:43 AM

RBI expected to maintain status quo today

 

There is a consensus in the market that the six-member monetary policy committee won’t change the policy repo rate in their two-day meet that concludes on Wednesday. 

 

Not only rising inflation, but hardening bond yields, and tightening liquidity also reduce the scope for the central bank to go lenient on rates for now. As such, the policy repo rate is expected to stay at 6 per cent, said a 10-member BS poll of economists and bond dealers. READ FULL REPORT

11:37 AM

Bitcoin: Too high, too fast

 

As bitcoin gets more expensive and hits new highs, it is attracting more and more users. It took three years for the bitcoin trading platform Unocoin to garner its first 100,000 customers. But in the past three months, since the cryptocurrency started rising steeply, it has added 400,000 new investors or 50 per cent of the total user base it currently has. Other platforms are experiencing similar growth. Such investors need to exercise caution when investing in this asset new and volatile asset class. CLICK HERE FOR MORE

11:14 AM

Markets check

At 11:10 am, the S&P BSE Sensex was trading at 32,738, down 63 points, while the broader Nifty50 was ruling at 10,088, down 30 points. 

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,730.85	-71.59	-0.22
S&P BSE SENSEX 50	10,536.72	-22.44	-0.21
S&P BSE SENSEX Next 50	35,066.20	-50.43	-0.14
S&P BSE 100	10,569.79	-21.31	-0.20
S&P BSE Bharat 22 Index	3,643.54	-17.06	-0.47

Source: BSE

10:57 AM

Buzzing stock 

 

Lumax Auto Technologies hit a new high of Rs 662, up 8% on the BSE in early morning trade, after the company reported 13% growth in net profit at Rs 13.33 crore in September quarter. The auto ancillary company had profit of Rs 11.75 crore in year ago quarter. READ FULL REPORT

10:35 AM

Future Supply Chain IPO opens today

The Rs 650-crore initial public offer (IPO) of Future Supply Chain Solutions opens for subscription today with a price band of Rs 660-664 per share. Promoters and PE investor, Griffin, will together sell 24.43% stake through the IPO, which closes on December 8. Of this, Future Enterprises will dilute up to 4.43% of equity, while Griffin Partners that held 40% in the company, will offload 20% of this stake.

 

CLICK HERE FOR BROKERAGES' VIEW

10:18 AM

Sectoral trend 

Source: NSE

9:59 AM

LIC to take it slow in equity investments

 

State-owned Life Insurance Corp of India (LIC) will likely slow stock purchases for the rest of the fiscal year after nearly doubling its equity market investments in the first half from a year earlier.

 

LIC, with assets of Rs 2,726,000 crore ($423.3 billion) as of end-September, had a target of investing Rs 50,000 crore in stocks through the year which ends in March. READ FULL REPORT

9:31 AM

Rising market boosts penny stocks

 

A rising tide is said to lift all boats and the surge in the share market has done this with lesser known stocks. The value of many penny stocks doubled over the past year. Data compiled by the BS Research Bureau show 145 of these scrips gave a return in excess of 100 per cent; a dozen gained more than 300 per cent. READ FULL REPORT

9:22 AM

Broader markets 

 

The BSE Midcap index was down 0.3%, while the BSE Smallcap index remained unchanged. 

9:21 AM

Sensex heatmap at open 

Source: BSE

9:19 AM

Markets at open

At 9:18 am, the S7P BSE Sensex was trading at 32,718, down 84 points, while the broader Nifty50 was ruling at 10,079, down 38 points. 

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,733.87	-68.57	-0.21
S&P BSE SENSEX 50	10,530.86	-28.30	-0.27
S&P BSE SENSEX Next 50	34,938.27	-178.36	-0.51
S&P BSE 100	10,558.78	-32.32	-0.31
S&P BSE Bharat 22 Index	3,647.01	-13.59	-0.37

Source: BSE