Friday, December 20, 2024 | 05:05 PM ISTEN Hindi

Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag

Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.

SI Reporter New Delhi

Stock Market Highlights: Equity benchmark indices traded with a negative bias on Wednesday dragged by persistent selling pressure in metal and select IT stocks.

The S&P BSE Sensex touched a low of 63,550, and finally ended 284 points lower at 63,591. The NSE Nifty 50, once again, slipped below the 19,000-mark, as it settled with a loss of 90 points.

Asian Paints and Tata Steel were the major laggards on the Sensex, down over 2 per cent each. Maruti, JSW Steel, HCL Technologies, TCS, NTPC, Nestle, Axis Bank, Larsen & Toubro and Infosys were the other prominent losers, down over a per cent each.

On the positive front, Sun Pharma gained 2.7 per cent post its Q2 results. ITC, Bajaj Finserv, Reliance and SBI finished with modest gains.

In the broader market, the BSE MidCap index declined in tandem with the benchmark and was down 0.4 per cent. The SmallCap index, however, was down merely 0.1 per cent.

Among sectors, the BSE Metal index shed 1.5 per cent. IT and Power indices were the other major losers, while the Realty index jumped 1.5 per cent.

Debutant Blue Jet Healthcare ended with a strong 14.4 per cent gain at Rs 396, with only buyers at the counter on the BSE. READ MORE

3:52 PM

Comment:: Key support for Nifty stands at 18,940

"Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range. Conversely, if the lower-end support at 18,940 is breached on a closing basis, it could intensify selling pressure, potentially pushing the index to new lows."

- Kunal Shah, Senior Technical & Derivative analyst at LKP Securities

3:51 PM

BSE SmallCap Heatmap:: Jubilant Industries soars 13%; Thangamayil Jewellery sinks 10%

3:49 PM

BSE MidCap Heatmap:: Voda Idea zooms 7%; Jindal Steel cracks 8%

3:48 PM

Sensex 30 Heatmap:: Asian Paints, Tata Steel fall; Sun Pharma gains 3%

3:46 PM

Broader market:: SmallCap indices outperform benchmark, MidCap

3:44 PM

Closing Bell:: Nifty50 sheds 0 points, ends below 19,000-mark again

3:42 PM

Closing Bell:: S&P BSE Sense ends 284 pts lower at 63,591

3:24 PM

Global Check:: US stock futures decline up to 0.4%

Source: Investing.com

3:18 PM

ALERT:: Indraprastha Gas Q2 net rises 28.5%; stock marginally in red

Indraprastha Gas today reported a 28.5 per cent growth in Q2 net profit at Rs 534.81 crore for the quarter ended September 2023 when compared with Rs 416.15 crore in the corresponding quarter a year ago. Total income was up 3.9 per cent YoY at Rs 3,956.50 crore.

3:07 PM

ALERT:: Motilal Oswal Q2 net rises 4%; stock slips 3%

Motilal Oswal Financial Services Q2 net profit rose 4.3 per cent to Rs 532.19 crore for the quarter ended September 2023 when compared with Rs 510.04 crore in the corresponding quarter a year ago. Total income increased 24.6 per cent YoY to Rs 1,650.69 crore.

3:00 PM

Crypto platform Giottus announces zero-fee trades for all customers

Giottus, a crypto investment platform, has announced zero-fee crypto trades for all customers starting Wednesday. All trades in over 200 crypto-rupee pairs on the platform will carry zero fees – a first for the industry in India. READ MORE

2:48 PM

ALERT:: Sun Pharma Q2 net up 5%; stock gains 2%

Sun Pharma Q2 net profit rose 5 per cent year-on-year (YoY) to Rs 2,375.50 crore for the quarter ended December 2023. Total income was up 11 per cent YoY at Rs 1,200.31 crore.

2:35 PM

ALERT:: Thangamayil Jewellery Q2 net drops 47%; stock hits 10% lower circuit

Thangamayil Jewellery Q2 net profit plunged 47.4 per cent to Rs 8.39 crore for the quarter ended September 2023 when compared with Rs 15.5 crore in the corresponding quarter a year ago. Total income, however, was up 22.1 per cent YoY at Rs 993.44 crore.

2:28 PM

ALERT:: Jubilant Ingrevia Q2 net drops 32%; stock down 2%

Jubilant Ingrevia Q2 net profit declined 32 per cent to Rs 57 crore for the quarter ended September 2023 when compared with Rs 84 crore in the corresponding quarter a year ago. Total income was down 22 per cent YoY at Rs 1,020 crore.