Markets settle near day's low; Sensex down 216 points, Nifty ends at 9,908

All that happened in today's trade

3:52 PM

Anand James, Chief Market Strategist, Geojit Financial Services

 

Likelihood of Sebi letting its hook off a few companies from the shell company notification gave brief respite to the sell off, but geo political tension continued to keep risk appetite under check. The rise of VIX, a measure of volatility, above 13 also looks to have prompted investors to take money off the table.

3:50 PM

Tata Motors Q1 earnings

Tata Motors reported June quarter earnings below Street expectations. The auto major's consolidated net profit grew 41.5% to Rs 3,199 crore against Rs 2,260 crore reported in the same quarter of previous fiscal year. Its consolidated revenues slipped 9.3% to come in at Rs 58,493 crore against Rs 65,003 crore posted in Q1FY16.

The stock settled at Rs 416, down 3% on the BSE. 

3:43 PM

Top Sensex gainers and losers 

Source: BSE

3:39 PM

Sectoral trend

All sectoral indices settled in red. Nifty Pharma (down 4%) shed the most. 

Source: NSE

3:38 PM

Market breadth

 

The broad market depicted weakness. There were more than three losers against every gainer on BSE. 1,976 shares declined and 604 shares rose. A total of 114 shares were unchanged.

3:37 PM

Broader markets underperform

The BSE Midcap shed 1.6%, while the BSE Smallcap lost 1.8%. 

3:36 PM

Markets at close

The Sensex settled at 31,797, down 216 points, while the broader Nifty50 ended at 9,908, down 70 points. The 50-share Nifty had slipped below its crucial 9,900 in the last leg of the trade. 

3:19 PM

Inflation seen picking up

 

Retail inflation is expected to have picked up slightly in July after cooling in the previous three months, a Reuters poll showed, but likely remained well below the central bank's 4% medium-term target. READ MORE 

3:08 PM

Volatility index

India VIX was trading over 4% higher at 13. 

Source: NSE

3:04 PM

Markets check

At 3:00 pm, the Sensex was trading at 31,882, down 132 points, while the broader Nifty50 was ruling at 9,932, down 45 points.

2:50 PM

European markets

 

European markets opened lower as geopolitical concerns restrained investor sentiments. FTSE 100 index was trading at 7,498 levels, lower by 43.76 points, CAC 40 index was at 5,175 levels, down by 42.99 points, while the German DAX was at 12,206 levels, down by 85.62 points, while, the pan-European Stoxx 600 was down by 0.05%.

2:32 PM

Oil update

 

Oil held around $52 a barrel as an industry report showing a large drop in U.S. crude stocks countered doubts that compliance with OPEC-led supply cuts will increase. US crude inventories last week fell by 7.8 million barrels, more than expected, but gasoline inventories rose unexpectedly, data from the American Petroleum Institute (API) showed on Tuesday ahead of Wednesday's official numbers.

 

Brent crude, the global benchmark, was unchanged at $52.14 after two days of decline. US West Texas Intermediate (WTI) crude added 4 cents at $49.21.

2:16 PM

Earnings impact

 

Bank of India (BOI), rose over 6% to Rs 162 in intraday trade after the country's sixth biggest lender by assets reported profit for the June quarter as its bad loan ratio narrowed and loan-loss provisions fell. CLICK HERE FOR DETAILED EARNINGS

1:56 PM

Nifty Realty top sectoral gainer in CY17 so far

 

Realty stocks have been on fire with the Nifty Realty index topping the sectoral chart on year-to-date basis on the hopes of a turnaround and transparency in the sector post the implementation of Real Estate (Regulation and Development) Act (RERA) and Goods and Services Tax (GST). CLICK HERE FOR FULL REPORT

1:32 PM

Nifty Pharma index falls nearly 3%

Source: NSE