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MARKET WRAP: Sensex slips 167 pts, Nifty ends at 10,981; YES Bank loses 5%

All that happened in markets today.

SI Reporter New Delhi
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

3 min read Last Updated : Sep 12 2019 | 4:04 PM IST

3:56 PM

COMMENT :: Tech view

The Nifty has formed a probable inverse 'Head and Shoulder' pattern and has its neckline at 11,150 levels. There will be support around the 10,850-10,800 levels, which is likely to act as a cushion on the lower side in case of a decline.

The index has been witnessing consolidation since past few sessions, but market breadth continues to remain positive. The index should head up going forward. We expect the index to test 11,300-11,500 zone on the upside and continue to remain bullish. Support: 10,870-10,750; Resistance: 11,050-11,150

(Source: Manav Chopra, head of research for equity, Indiabulls Ventures)

3:53 PM

Stocks that contributed most to Sensex's fall

3:51 PM

Tata Motors dips over 3% on the NSE

3:50 PM

Auto stocks among worst-hit today

3:49 PM

Sensex heat map

3:42 PM

CLOSING BELL

The S&P BSE Sensex lost 167 points or 0.45 per cent to end at 37,104.28 while NSE's Nifty50 index ended at 10,981, down 55 points or 0.50 per cent. 


3:16 PM

Yamaha signs 3-year wage settlement with workers at Chennai factory

The three-year wage settlement will be implemented with retrospective effect from April 1, 2019, and will remain effective until March 31, 2022. The settlement will be applicable to all the permanent employees in Yamaha’s Chennai factory. READ MORE

3:15 PM

Apollo Munich deal should be completed by October: Apollo Hospitals to CNBC-TV18

- Priority is to work in the best interest of shareholders and stakeholders;
- Pledge after Apollo Munich transaction will be 20%

2:49 PM

Global markets check

Asian stocks advanced to a six-week high on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent and Tokyo’s Nikkei stock index rose 0.96 per cent. Australian shares were up 0.2 per cent. In early European trading, the futures for pan-region Euro Stoxx 50 were up 0.65 per cent, German DAX 0.6 per cent, and London’s FTSE 0.52 per cent.

(From Reuters)

2:38 PM

NEWS ALERT | Zee Media CFO Sumit Kapoor resigns w.e.f. September 13: BSE filing

2:33 PM

NEWS ALERT | Apollo Hospitals promoter group confirms selling 3.6% stake via block deal: BSE filing

-- Promoter Group's stake stands atstands at 30.8 per cent post block deal

2:29 PM

Gems & jewellery industry in turmoil as exports fall sharply in August

The gems and jewellery industry has entered a state of turmoil with the fall in exports increasing month after month. After an over 11 per cent fall in July, overall gross exports of gems and jewellery declined 14.44 per cent to $28.84 billion in August. The Gem and Jewellery Export Promotions Council’s (GJEPC) provisional data shows that during the current financial year, total gross exports have declined 8.92 per cent to $15.33bn. READ MORE

2:22 PM

Cadila Healthcare recovers on India, emerging market sales forecast

The Cadila Healthcare stock has rebounded 12 per cent after falling to its five-year low last month. The uptick, which came on the back of brokerage upgrades, was largely on expectations of earnings recovery. Analysts believe that investments in India and emerging markets (EMs), as well as new products, should help revenue growth with most concerns already priced in. READ MORE

2:08 PM

Banks target weaker borrowers as credit growth slips: Why it's a risky bet

With business collateral losing its sheen, India’s top three private-sector banks have been expanding their credit card and personal loan business at 30 per cent-plus rates, double the pace of growth in their corporate loan book. They can’t keep up for long. If they try, they would only be storing trouble for the future. READ MORE    


1:58 PM

MARKET CHECK | S&P BSE Energy index slips over 1%; RIL, HPCL among top losers

Topics :MarketsMARKET WRAP

First Published: Sep 12 2019 | 7:13 AM IST