MARKET WRAP: Sensex cracks 806 pts as rupee sinks; OMCs tank up to 13%

The Nifty IT index ended nearly 3 per cent lower weighed by Infibeam Avenues, Tata Consultancy Services and Infosys. The Nifty FMCG index, too, slipped nearly 3 per cent weighed by Hindustan Unilever

12:53 PM

Currency check Asian currencies plunge as U.S. jobs data, Powell comments boost dollar

Asian currencies fell on Thursday after robust U.S. economic figures and bullish comments from the Federal Reserve boosted the dollar, prompting sustained regional outflows. The greenback rose about 0.3 percent against a basket of currencies after news that U.S. service sector activity raced to a 21-year high in September. READ MORE

12:34 PM

Crude update Oil dips as Saudi and Russia quietly agree output rise, US stocks swell

Oil prices on Thursday dipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.

 

Brent crude oil futures were trading at $85.99 per barrel at 0625 GMT, down 30 cents, or 0.4 percent, from their last close. READ MORE

12:23 PM

India's service activity slows in Sept, Purchasing Managers' Index at 50.9

The country's services sector expanded at a slower pace in September as higher fuel costs and stronger US dollar made imported goods expensive, says a survey. The seasonally-adjusted Nikkei India Services Business Activity Index touched 50.9 in September, down from 51.5 recorded in August. READ MORE

12:14 PM

Interview of the day Oil prices will average close to $80/barrel in 2019, says S&P Global Platts

Brent crude oil prices have surged over 27 per cent thus far in the calendar year 2018 (CY18) with some experts even predicting $100 per barrel to become a reality. London – based PAUL HICKIN, associate director at S&P Global Platts tells Puneet Wadhwa that as per their latest survey, oil prices are likely to inch higher in the coming quarter.

 

Expectations of a return to $100 per barrel oil centre on how much will be supply removed from the market in the coming months, he says. Click here to read the interview

Paul Hickin, Platts

12:02 PM

NEWS ALERT

India VIX At Seven-Month High; rises 8.25 per cent to 19.6125 

11:58 AM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,139.17	-836.46	-2.33
S&P BSE SENSEX 50	11,102.77	-254.00	-2.24
S&P BSE SENSEX Next 50	30,765.50	-751.94	-2.39
S&P BSE 100	10,826.10	-250.07	-2.26
S&P BSE Bharat 22 Index	3,450.51	-27.13	-0.78

(Source: BSE)

11:49 AM

NEWS ALERT

IDBI Bank says board approves allotting 51% equity shares to LIC on preferential basis; approves re-classification of LIC as promoter post 51% acquisition. 

 

11:36 AM

NEWS ALERT
Road Minister says India facing economic crisis due to high oil imports: TV reports

11:24 AM

Hathway Cable hits over 3-month high

 

Shares of Indian broadband services provider Hathway Cable and Datacom Ltd climb as much as 6.3 pct to 29.50 rupees, their highest since June 22.

11:18 AM

NEWS ALERT

April-Sept gross direct tax mop-up at 5.47 lk cr, up 16.7% YOY

11:15 AM

RIL records sharpest intra-day fall in 2018; falls 9% in three trading days

Shares of Reliance Industries (RIL) have dipped 5.4% to Rs 1,140 on the BSE in intra-day trade, recording their sharpest intra-day fall during calendar year 2018. Earlier, on December 18, 2017, RIL had recorded 6.3% decline in intra-day trade and finally settled flat at Rs 919 on the BSE. The stock is the top loser among the S&P BSE Sensex counter.

 

RIL was trading lower for the third straight day, down 9% thus far in the month of October. Investors have lost Rs 747 billion market wealth in the past three days. READ MORE

11:10 AM

NEWS ALERT NSE has received the announcement  from ‘Hotel Leelaventure Limited’ regarding default in payment of Principal Redemption amount on Debentures due on 30th September 2018.

10:55 AM

JUST NOW Supreme Court allows ArcellorMittal, NuMetal 2 weeks to pay outstanding dues

10:45 AM

NEWS ALERT Nikkei India Services PMI

India’s service sector continued to expand during September, but at a marginal rate amid reports of underwhelming market demand. Price pressures intensified, with higher fuel costs and a stronger US dollar raising the price of imported goods. Expectations remained in positive territory, whilst firms added to their staffing levels for a thirteenth successive month as part of efforts to keep on top of workloads.
 

The seasonally adjusted Nikkei India Services Business Activity Index recorded 50.9 during September. That was down from 51.5 in August and the lowest reading in the current four-month sequence of rising activity.
 

Meanwhile, the seasonally adjusted Nikkei India Composite PMI Output Index also recorded a fall during September. Posting a level of 51.6, the index was down from 51.9 in August and at its lowest level in four months. That was despite a slight improvement in the manufacturing sector, where output growth strengthened to a solid pace. 

10:38 AM

Nifty IT index slips over 2.5per cent. Top Losers-

COMPANY	LATEST	PREV CLOSE	LOSS()	LOSS(%)	VOLUME
INFIBEAM AVENUES	72.15	76.70	-4.55	-5.93	9782263
TECH MAHINDRA	720.65	750.15	-29.50	-3.93	2229914
TCS	2085.55	2162.85	-77.30	-3.57	1576350
HCL TECHNOLOGIES	1066.90	1091.30	-24.40	-2.24	493198
INFOSYS	713.10	728.50	-15.40	-2.11	1881058