MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low
In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled 1.8 per cent lower at Rs 1,294 level on the BSE.
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The benchmark indices ended lower ahead of the August F&O expiry due on Thursday, as the Rupee hit a record low of 70.51 against the US dollar.
The S&P BSE Sensex ended at 38,723, down 174 points while the broader Nifty50 index settled at 11,692, down 47 points.
Among sectoral indices, the Nifty IT index ended 0.37 per cent lower weighed by a fall in Infosys and Tata Elxsi. The Nifty Bank index, too, slipped 0.16 per cent due to fall in IndusInd Bank and Yes Bank.
In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled 1.8 per cent lower at Rs 1,294 level on the BSE.
Rupee
GDP Data
The S&P BSE Sensex ended at 38,723, down 174 points while the broader Nifty50 index settled at 11,692, down 47 points.
Among sectoral indices, the Nifty IT index ended 0.37 per cent lower weighed by a fall in Infosys and Tata Elxsi. The Nifty Bank index, too, slipped 0.16 per cent due to fall in IndusInd Bank and Yes Bank.
In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled 1.8 per cent lower at Rs 1,294 level on the BSE.
Rupee
The Indian rupee touched a record low of 70.51 to the dollar on Wednesday, tracking weakness in Asian peers and on strong month-end dollar demand back home.
The Reserve Bank of India likely sold dollars, though the force was mild, according to two senior forex officials at state-run banks.
GDP Data
Going ahead, investors will look forward to June-quarter GDP data to be announced on August 31. For the quarter ended March 31, 2018, the GDP growth print stood at 7.7 per cent.
Global Markets
Asian shares crept marginally higher on Wednesday as optimism over the US-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.
MSCI’s broadest index of Asia-Pacific shares outside Japan eked out a rise of 0.2 per cent.
Chinese blue chips dipped 0.4 per cent as the country's state planner warned of increasing risks to the economy in the second half of the year.
Japan's Nikkei put on 0.2 per cent but shied away from stubborn resistance around 23,000, a level where it has failed repeatedly in recent months.
Japan's Nikkei put on 0.2 per cent but shied away from stubborn resistance around 23,000, a level where it has failed repeatedly in recent months.
(with wire inputs)
3:42 PM
Nifty IT index ends 0.37% lower. Top loser:
| COMPANY | LATEST | PREV CLOSE | LOSS() | LOSS(%) |
| TATA ELXSI | 1395.30 | 1417.60 | -22.30 | -1.57 |
| INFOSYS | 1409.10 | 1424.70 | -15.60 | -1.09 |
| INFIBEAM AVENUES | 232.40 | 234.75 | -2.35 | -1.00 |
| HCL TECHNOLOGIES | 1032.75 | 1040.75 | -8.00 | -0.77 |
| TECH MAHINDRA | 733.65 | 736.10 | -2.45 | -0.33 |
3:40 PM
Nifty sectoral gainers and losers of the day
3:38 PM
BSE Sensex: RIL, Coal India among top losers of the day, ONGC top gainer
3:35 PM
Market at close
The S&P BSE Sensex ended at 38,723., down 174 points while the broader Nifty50 index settled at 11,692, down 47 points.
The S&P BSE Sensex ended at 38,723., down 174 points while the broader Nifty50 index settled at 11,692, down 47 points.
3:12 PM
99.3% of demonetised notes are back; Rs 15.31 trillion returned, says RBI
As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that was banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.
Of the Rs 15.41 trillion worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 trillion have been returned. READ MORE
2:58 PM
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In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isn’t public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight, they said. READ MORE
2:46 PM
Relief for Mistry as NCLAT admits plea against his removal from Tata Sons
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2:31 PM
Oil slips on rising US supply, Venezuela investment
Oil prices slipped on Wednesday, pulled down by a rise in US inventories and hopes that new investment could halt a plunge in Venezuela's output.
Benchmark Brent crude oil was down 20 cents at $75.75 a barrel. US light crude was 10 cents lower at $68.43 a barrel. READ MORE
Oil prices slipped on Wednesday, pulled down by a rise in US inventories and hopes that new investment could halt a plunge in Venezuela's output.
Benchmark Brent crude oil was down 20 cents at $75.75 a barrel. US light crude was 10 cents lower at $68.43 a barrel. READ MORE
2:16 PM
Gold edges higher, but rate hike views weigh on market
Gold prices inched up on Wednesday after a sharp fall in the previous session, but a firmer dollar on the back of expectations of higher US interest rates and lingering Sino-US trade tensions capped the precious metal's gain.
Spot gold was up 0.3 per cent at $1,204.43 an ounce. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday, but closed 0.8 per cent lower as US Treasuries rose after the United States and Mexico struck a trade deal. US gold futures were down 0.3 per cent at $1,210.60. READ MORE
Gold
1:59 PM
Market Check
(Source: BSE)
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 38,837.01 | -59.62 | -0.15 |
| S&P BSE SENSEX 50 | 12,275.63 | -16.57 | -0.13 |
| S&P BSE SENSEX Next 50 | 35,369.56 | +340.27 | +0.97 |
| S&P BSE 100 | 12,039.39 | +3.69 | +0.03 |
| S&P BSE Bharat 22 Index | 3,725.36 | +13.80 | +0.37 |
(Source: BSE)
1:46 PM
Coal India regaining investor confidence; delay in stake sale plan may help
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1:31 PM
Aston Martin sets out plans to float on London Stock Exchange
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Aston Martin Volante
1:16 PM
Vedanta bags 41 oil, gas blocks in open acreage auction; stock up over 3%
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12:59 PM
JSW Steel hits 52-week high after being included in the Nifty 50 index
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12:46 PM
India likely grew 7.6 per cent in the April-June quarter, propelled in part by an improvement in manufacturing and exports, a Reuters poll showed.
The median consensus in a poll of 50 economists put annual economic growth just a touch lower than the near two-year high of 7.7 percent in the January-March quarter. READ MORE
India's economy seen growing at steady 7.6 per cent pace in April-June: poll
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The median consensus in a poll of 50 economists put annual economic growth just a touch lower than the near two-year high of 7.7 percent in the January-March quarter. READ MORE
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First Published: Aug 29 2018 | 8:15 AM IST
