Business Standard

F&O Expiry: Sensex sinks 536 pts; broader mkts outperform; bank stocks up

In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.

Image SI Reporter New Delhi
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Market updates: A volatile session ended deep in the red on Thursday amid expiry of the January series of the Futures and Options (F&O) contracts, and profit-booking on stretched valuations and ahead of the Union Budget announcement next week.

Markets ended lower for the fifth straight day with realty and public sector banks' stocks nursing the most severe losses. At the index level, the benchmark S&P BSE Sensex tumbled 891 points in the intra-day deals today but managed to settle 535.6 points, or 1.13 per cent, down at 46,874.36 levels. 

HUL (down 3.6%), Maruti Suzuki (3.4%), HCL Tech (2%), and Bajaj Finserv (2%) were the top losers on the Sensex today while gains in Axis Bank (5.5%), SBI (2.7%), and ICICI Bank (1.3%) trimmed losses.

On the NSE, the Nifty50 closed above the 13,800-mark at 13,817.5 level, down 150 points or 1.07 per cent. The index hit an intra-day low of 13,713.

In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.

Sectorally, Nifty Realty index ended as the top loser on the NSE, down over 2 per cent. However, Nifty Bank and Private Bank index, up around 0.3 per cent each, were the only gainers.

Global markets

Shares wiped out their gains in Europe for the year early on Thursday, soured by a sell-off on Wall Street, no end in sight to pandemic lockdowns and a squeeze in short positions.

The pan-European STOXX benchmark was down 1.8% at 395.77 points, its lowest since December. London, Paris and Frankfurt all fell.

Asian shares slid on Thursday while the safe-haven dollar rallied as Wall Street’s sell-off and delays in coronavirus vaccines provided an excuse to book profits on recent gains.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2%, Japan’s Nikkei fell 1.5%, its sharpest drop since October, and Chinese blue chips lost 2.7% as liquidity tightened before the Lunar New Year holidays.

South Korea fell 1.7%, led by losses in Samsung after it reported earnings.

(With inputs from Reuters)

3:42 PM

Axis Bank ends over 5% higher post Q3 results

3:41 PM

Sectoral trends at NSE at close

3:40 PM

Sensex heatmap at close

3:39 PM

Closing Bell

3:38 PM

Closing Bell

3:22 PM

VRL Logistics gains 6% as board to consider share buyback proposal

The logistic company's board of directors is scheduled to meet on February 2, 2021 to consider a proposal for buy-back of equity shares of the company including matters related/ incidental thereto. The board will also consider and approve the un-audited financial results for the quarter ended December 31, 2020 (Q3FY21), VRL Logistics said in BSE filing on Wednesday after market hours. READ MORE

2:35 PM

Nifty sectoral indices at this hour

2:25 PM

A total of 3 stocks hit their respective 52-week high levels in an otherwise feeble market

Company PRICE(rs) 52 WK HIGH CHG(%)
A B B 1359.60 1419.40 -2.28
CEAT 1500.45 1542.00 0.56
Havells India 1177.30 1195.30 5.49

2:25 PM

Auto sector going through long-term structural slowdown, CAGR dips: SIAM

Automobile industry in India is going through a long-term structural slowdown as the compound annual growth rate (CAGR) across all major vehicle segments has witnessed a decline over the last three decades, as per industry body SIAM.
 
The auto industry has been facing headwinds even before the COVID-19 pandemic derailed the entire sector last year, a research conducted by the Society of Indian Automobile Manufacturers (SIAM) has revealed. READ MORE

2:10 PM

IPO Update :: Stove Kraft issue subscribed nearly 7 times so far

-- The issue closes today
2:06 PM

Bank of Baroda shares plunge over 10% post Q3 numbers

1:58 PM

Maruti Suzuki posts 26% YoY growth in Q3 profit at Rs 1,997 crore

Auto major Maruti Suzuki, on Thursday, reported a 25.8 per cent year-on-year growth in consolidated profit at Rs 1,996.7 crore for the December quarter of FY21 (Q3FY21) while revenue rose 13.26 per cent to Rs 23,471.3 crore. In comparison, the company had posted revenue of Rs 20,721.8 crore and profit of Rs 1,586.9 crore in the corresponding quarter of last year. On a standalone basis, Maruti's revenue came in at Rs 23,458 crore while profit after tax (PAT) stood at Rs 1,941.4 crore. READ MORE
Maruti Suzuki

1:51 PM

Dec Quarter Result ::IDBI Bank's profit comes in at Rs 378 cr vs loss of Rs 5,763 cr YoY

>> NII at Rs 1,809.5 crore

>> NNPA drops from 2.67% to 1.94%

>> GNPA declines from 25.08% to 23.52%

1:48 PM

Buzzing stock :: Axis Bank extends gains, rises nearly 5%

1:46 PM

NEWS ALERT :: Pfizer-BioNTech say their Covid vaccine is effective against UK, South Africa variants

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First Published: Jan 28 2021 | 7:57 AM IST