Business Standard

Markets end lower dragged by HDFC Group shares

HDFC Group, ITC and software majors weigh

Related News

ended lower on Monday, ahead of the Reserve Bank of India's mid-quarter monetary policy review, weighed down by selling pressure in HDFC Group shares along with ITC and TCS.

The 30-share provisionally ended down 72 points at 19,245 and the 50-share ended down  23 points at 5,857.              

 

_________________________________________

(Updated at 14:15hrs)

Markets continue to trade in the red in the noon deals on the back of selling in HDFC Group, ITC and software majors like TCS and Wipro.

At 1415 hrs, the Sensex was down 72 points at 19,245 and the Nifty lost 21 points at 5,858.

Meanwhile, the broader markets continued to attract buyers and the midcap and the smallcap indices gained 0.5% each.
 
In Asian markets, except Nikkei and Shanghai Composite, all the other markets were in the red.

Japan's Nikkei average climbed to an 8-1/2-month high on Monday and a technical chart showed the rally may last, as the yen weakened after the conservative Liberal Democratic Party won a landslide election, calling for aggressive monetary easing. The Nikkei rose 0.9% to 9,828.88, the highest closing level since April 3, while the yen hit a 20-month low of 84.48 yen to the dollar, boosting the appeal of exporters' shares.

China shares rose as investors were encouraged by more signs of reforms to come, and a strong move higher last week put the onshore markets on course to show their first yearly gain since 2009. The index gained 0.4% at 2,160.

In Europe, CAC and FTSE were in the red, down 0.6% and 0.3% respectively while DAX was up 0.2%.

Among the sectoral indices, Metal, Auto, PSU, Power, Realty and Health Care up 0.2-1% were the only ones in the positive. Among the ones in the negative were IT, Consumer Durables, FMCG, Capital Goods and Oil & gas indices losing 0.1-1%.

The movers among the Sensex-30 were metal names like Hindalco, Sterlite and Jindal Steel up 2% each followed by Maruti Suzuki, NTPC, Tata Power, Mahindra & Mahindra and SBI adding 1% each.

The draggers were Bharti Airtel, TCS, HDFC Bank, BHEL, HDFC, Wipro and ITC down 1% each.

The market breadth was positive on the BSE owing to the strength in the broader markets. 1485 stocks advanced while 1282 stocks declined.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

BSE brokers forum to make additional investment of Rs 80 crore in GIFT City

It has also been allocated additional 1.5 lakh sq ft of BuA

Metals fall on Opec's no-cut decision

Copper hits 8-month low on LME, bullion sheds 1%

Sebi in favor of companies formulating policy on dividends distribution

Cash-rich companies may soon have to give a justification for sitting on their cash pile

Markets end at record closing highs on rate cut hopes

The total investor wealth in Indian stock market today hit a record high of Rs 100 trillion

Sensex, Nifty end 1% higher led by rate sensitive shares

The Sensex provisionally ended up 221 points at 28,660 and the Nifty ended up 85 points at 8,579

Back to Top