Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Catch all that happened in the market here

1:53 PM

Europe check

European shares edged down on Monday as investors took a cautious view of the upcoming coalition tussle in Germany following elections in which Chancellor Angela Merkel secured a fourth term but saw her party weakened by a surge in support for the far-right.

 

The reaction on stock markets was more muted relative to currencies where the euro took a hit though most regional benchmarks were flat to lower as market players took the view that a coalition government in Germany could dent some hopes for stronger euro zone integration going forward.

 

The pan-European STOXX 600 was little changed while euro zone bluechips were down 0.1%. Germany’s DAX was also down 0.1%.

1:40 PM

Coffee Day Enterprises slips

Coffee Day Enterprises fell 10.56% to Rs 207.40 on BSE after income tax department raids the company and its subsidiaries.

1:26 PM

Sectoral Trend: All sectoral indices were trading in red dragged mainly by meta, realty and pharma indices

Source: NSE

1:10 PM

Firm prices in Q2 to benefit pan-India cement makers

 

Cement prices remaining firm on a year-on-year (y-o-y) basis in the seasonally soft September quarter (Q2) should accrue benefit for pan-India manufacturers and players focussed on Northern, Eastern and Western regions. Notably, analysts expect prices to hold ground going ahead as well, led by higher demand, thereby benefitting cement markers. READ FULL REPORT

12:52 PM

Safety in SIPs, but trim optimism

 

SIPs, typically, are meant for investors who want to save for the long-term: for, say, a child’s education, to buy a house, or for retirement. So, it does require discipline, a lot of patience and consistent investment even during bad times. Otherwise, starting an SIP now, when the markets are high, will prove a wasted effort. READ FULL ANALYSIS HERE

12:37 PM

These 13 stocks find no buyers

 

Bombay Dyeing & Manufacturing, HEG, Hindustan Futuristic Communications (HFCL), Goa Carbon and Autolite (India) are among 13 stocks from the BSE ‘A’ & ‘B’ group that have seen no buyers on the counters after surging over 50% in the last one month. READ FULL REPORT

12:23 PM

Smallcap index underperforms

BSE Smallcap slipped over 2%, while the BSE Midcap was down over 1%. 

12:10 PM

Markets check

At 12:05 pm, the Sensex was trading at 31,610, down 311 points, while the broader Nifty50 was ruling at 9,863, down 100 points. 

11:48 AM

IPO fatigue for retail investors?

 

Retail investors seem to be developing  fatigue for initial public offerings (IPOs), if one goes by the past few offers. The retail portion in the two big insurance IPOs — ICICI Lombard and SBI Life — was subscribed 1.22 times and 0.84 times, respectively. According to experts, many retail players who invest to make listing gains are not finding IPOs lucrative anymore, as companies are pricing the issues aggressively. READ FULL ANALYSIS

11:31 AM

India is still a 'buy on dips' market: Macquarie Group

North Korea’s indication of testing a hydrogen bomb rattled global financial markets last week at a time when the US Federal Reserve (US Fed) decided to unwind its balance sheet, starting October. SANDEEP BHATIA, managing director and head of equity India, commodities and global markets, Macquarie Group, SAYS in a geopolitical event, India will be seen as a relatively safe haven within Asia. READ FULL INTERVIEW HERE 

Sandeep Bhatia, MD & head of equity India, commodities and global markets, Macquarie Group

11:17 AM

66 against the USD?

 

The recent sharp movement in the rupee-dollar exchange rate has come as a surprise to many importers, who were of the view that the local currency would continue to strengthen.

 

The recent level of Rs 63 a dollar could be a thing of the past, revealed a poll of 10 currency treasurers, bankers and economists by Business Standard on the possible exchange rate by the end of December 2017 and March 2018. READ FULL REPORT

11:05 AM

Rupee trades weak 

Rupee opened lower by 5 paise at 64.84 per dollar on Monday versus 64.79 Friday. 

10:54 AM

Buzzing stock 

 

Shopper Stop surged 20% to Rs 500, also its 52-week high on BSE in early morning trade, after the company said its board has approved issue of 4.4 million equity shares to e-tail giant Amazon.com at price of Rs 407.78 per share on preferential basis. CLICK HERE FOR FULL STORY

 

10:34 AM

Capacit'e Infra makes strong debut 

 

Capacit’e Infraprojects Limited has made a strong debut in a weak market by listing at Rs 399, a 60% premium against its initial public offer (IPO) price of Rs 250 per share on the National Stock Exchange (NSE) and BSE. CLICK HERE FOR DETAILS 

 

10:16 AM

Nifty Metal index leading sectoral loser 

Source: NSE