MARKET WRAP: Indices snap 5-day rally, Sensex slips 345 pts; IT, autos fall
All that happened in the markets today
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NSE's Nifty ended at 10,706, down 94 points or 0.87 per cent. (Photo credit: Kamlesh Pednekar)
After witnessing a choppy trade for the most part of the session, the domestic stock market came under heavy pressure in the last 30 minutes of the trade, thus snapping the five-day gaining streak. The S&P BSE Sensex shed 345.51 points or 0.94 per cent to end at 36,329 levels. NSE's Nifty ended at 10,706, down 94 points or 0.87 per cent. India VIX rose 4 per cent to 26.09 levels.
Reliance Industries (RIL), Infosys, TCS, and ICICI Bank contributed the most to the Sensex's fall. Bajaj Finance (down over 4 per cent) ended as the biggest loser on the index while IndusInd Bank (up 5 per cent) was the top gainer.
In the broader market, the S&P BSE MidCap index slipped 0.39 per cent while the S&P BSE SmallCap fell 0.43 per cent.
In the broader market, the S&P BSE MidCap index slipped 0.39 per cent while the S&P BSE SmallCap fell 0.43 per cent.
Sectorally, Nifty Auto and Nifty Realty declined 2 per cent while the Nifty IT index fell 1.72 per cent. On the other hand, Nifty PSU Bank index rallied over 2 per cent.
Global markets
Global stocks faltered on Wednesday, losing momentum after a five-day rally, as an increase in new coronavirus cases in some parts of the world undermined prospects for a quick economic recovery.
European stocks opened lower while Asian stocks were better off. Chinese stocks extended their gains to seven sessions, with the blue-chip index up 1.6 per cent to its highest close since June 2015. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent, still lower than a four-and-a-half-month high reached the day before.
E-mini futures for the S&P 500 were up 0.1 per cent.
In commodities, oil prices were broadly stable, recouping earlier losses after rising U. crude stockpile data and an increase in coronavirus infections in the United States cast doubts over a swift pickup in oil demand.
(With inputs from Reuters)
4:00 PM
SECTOR WATCH:: PSU Banks, FMCG stocks gain in trade
3:59 PM
MARKET AT CLOSE:: Losers and gainers on the S&P BSE Sensex
3:35 PM![]()
CLOSING BELL
The S&P BSE Sensex slipped 345.51 points or 0.94 per cent to settle at 36,329 while NSE's Nifty ended at 10,706, down 94 points or 0.87 per cent.
3:29 PM
MARKET CHECK:: Top 5 gainers on the BSE at this hour
3:19 PM
MARKET CHECK:: Indices extend fall
3:05 PM
MARKET UPDATE:: Sensex slips to day's low
3:04 PM
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NEWS ALERT :: PM EAC, NITI Aayog to present an update on state of the economy to the PM this week, reports CNBC TV18
2:58 PM![]()
IOL Chemicals soars 7%, hits new high on rating upgrade by CARE Ratings
Shares of IOL Chemicals & Pharmaceuticals hit a new high of Rs 592, surging 7 per cent on the BSE on Wednesday after CARE Ratings upgraded the ratings of the company’s bank facilities. The rating agency has also withdrawn the rating assigned to the long-term loan facility of IOL Chemicals as the company has repaid term loan in full and there is no outstanding under the said loan as on date. READ MORE
2:51 PM
Click here for the full list![]()
Fall from intra-day high today
| COMPANY | DAY'S HIGH(RS) | DAY'S LOW(RS) | LATEST(RS) | FALL(%) |
|---|---|---|---|---|
| BHARAT DYNAMICS | 433.10 | 392.50 | 394.00 | -9.03 |
| ADANI GREEN | 425.50 | 393.00 | 393.40 | -7.54 |
| RAIN INDUSTRIES | 103.95 | 96.00 | 96.30 | -7.36 |
| PRISM JOHNSON | 54.95 | 50.00 | 51.10 | -7.01 |
2:47 PM![]()
June MF data :: Net equity inflow at Rs 225.3 cr vs Rs 5,045 cr inflow MoM
>> Hybrid fund inflow at Rs 355.8 crore vs Rs 8,652 cr in May
>> Liquid fund outflow at Rs 44,446.2 cr vs inflow of Rs 61,871 cr MoM
>> Corporate bond fund inflow at Rs 10,737 cr vs Rs 3,831.5 cr MoM
>> Total AUM stands unchanged at Rs 24.5 trillion MoM
>> Liquid fund outflow at Rs 44,446.2 cr vs inflow of Rs 61,871 cr MoM
>> Corporate bond fund inflow at Rs 10,737 cr vs Rs 3,831.5 cr MoM
>> Total AUM stands unchanged at Rs 24.5 trillion MoM
2:40 PM
BUZZING STOCK:: Gati surges over 12%
2:36 PM
NEWS ALERT :: NCC wins five new orders worth Rs 1,396 cr in June
2:24 PM
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Foreigners turn net buyers of Asian equities in June after 4 months
Overseas investors purchased $4.4 billion worth of regional equities last month, data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed.
2:14 PM
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Tata Consumer hits all-time high; CS initiates coverage with 'Outperform'
Credit Suisse notes that TCL has three businesses in different growth/profitability life stages: India core FMCG, international, and new food businesses/Starbucks. Given this, it has initiated the coverage on the stock with an "Outperform" rating and the target price of Rs 490. "Starbucks has strong long-term prospects in India with no national competition in the café market. The business is close to breakeven. While COVID-19 is expected set back the business by a year in FY21, long-term prospects are intact," it said. READ MORE
2:07 PM![]()
Rupee Closing
Rupee ends lower at 75.02 per US dollar vs Tuesday's close of 74.94/$
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First Published: Jul 08 2020 | 7:27 AM IST
