Sensex falls 361 pts, Nifty holds 17,500; Realty index drags; VIX cools 6%

Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent

3:51 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index closed a week at 17532 with a loss of nearly two percent and formed a bearish candle on the weekly chart. on daily chart index formed a Doji candle pattern on Friday session which hints indecision in the markets, going forwards index has formed supports near 17450-17400 zone if managed to sustain above said levels one can expect a decent pullback towards immediate & strong hurdle zone of 17620-17740 where one can lock immediate profit in longs also the overall range for the nifty is coming in between 17300-18000 zone.

3:50 PM

CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services

Despite favourable growth India’s core sector output, which accelerated by 11.6% in August from 9.9% in July, domestic indices were in red reflecting weak global cues and losses in heavyweights. High Eurozone inflation at 3.4% in September, slowing global growth and the existing Chinese crisis bolstered global sell-off. The auto sector is hold-on despite weak sales, in anticipation of festival demand, as numbers from major manufacturers showed a fall in September sales mainly due to semiconductor supply shortage.

3:50 PM

Listing Day Action:: Paras Defence ends at 5% upper circuit

>> Listing price: Rs 475

>> Issue price: Rs 175

3:46 PM

ZEEL falls 3% as Zee board rejects Invesco's demand to hold EGM

>> Taking a confrontation stand against its largest shareholder, the Zee board on Friday rejected its demand to hold an extraordinary general meeting to remove current MD and CEO, Punit Goenka and induct its nominees.

 

3:43 PM

VST Tillers ends at 10% upper circuit on pact with Zimeno

>> Company has entered into a Master Service agreement with Zimeno, Inc, USA. to develop integrated tractor powertrain for electric tractor of Zimeno, Inc. 

3:41 PM

India VIX eases 6.5%

>> Volatility index, India VIX, slipped 6.48% to 17.21

3:40 PM

Sector Watch :: Realty, Financial Services lead losers

3:39 PM

BROADER MARKETS trade outperform with benchmark

3:38 PM

Sensex Heatmap | Top gainers & losers at close

3:35 PM

CLOSING BELL :: Nifty ends below 17,550

3:33 PM

CLOSING BELL :: Sensex falls for 4th day straight, down 361 points

3:28 PM

Sept Auto Sales :: TVS Motor registers a sales growth of 6% YoY at 347,156 units

>> Total two-wheelers registered a growth of 6% with sales of 332,511 units
 

>> Motorcycle registered a growth of 19% with sales of 166,046 units
 

>> The company's total exports registered a growth of 20% with sales of 102,259 units

3:27 PM

SEPT SALES DATA :: M&M

3:05 PM

IPO UPDATE :: Sun Life AMC subscribed over 3 times so far on Day 3

2:47 PM

Tata Power market-cap crosses Rs 50,000cr mark; stock up 8% at a 13-yr high

Shares of Tata Power Company continued to climb higher, hitting a new 13-year high at Rs 165, up 4 per cent on the BSE in Friday’s intra-day trade, on improved outlook. The stock of Tata Group electric utilities company was trading higher for the fourth straight day and has rallied 19 per cent during the period. The previous record high was Rs 158 recorded on January 4, 2008. READ MORE

2:45 PM

ALERT :: Zee Entertainment board declines to convene EGM

>> The board has arrived at a conclusion that the requisition is invalid and illegal; and has accordingly conveyed its inability to convene the Extraordinary General Meeting to Invesco Developing Markets Funds and OFI Global China Fund, LLC
 

>> The company says cannot comment on any future actions since the matter is sub-judice
 

2:41 PM

IndusInd Bank board approves appointment of Gobind Jain as new Chief Financial Officer

>> S. V. Zaregaonkar will hand over charge of the CFO position, and take over other responsibilities until the date of his superannuation

2:29 PM

Sept Auto Sales :: M&M total tractor sales down 7% YoY at 40,331 units

>> Total passenger vehicle sales down 12% YoY at 13,134 units
 

>> Exports for the month of September 2021 were at 2,529 vehicles, up 61 per cent YoY
 

>> M&M says challenges around the supply of semiconductors continues to pose difficulties for the auto industry globally
 

2:12 PM

SEPT SALES DATA :: TATA MOTORS

>> Total Domestic sales rise 28% YoY to 59156 units

>> Total CV sales up 24% YoY at 33258 units

>> Total PV sales up 21% 25730 units

2:08 PM

Rakesh Jhunjhunwala-owned PSB stock hits 52-week high in a weak market

Shares of Canara Bank hit a fresh 52-week high of Rs 178.90, up 3 per cent on the BSE in Friday’s intra-day trade, in an otherwise weak market. The market price of public sector undertaking (PSU) bank surpassed its previous high of Rs 177.40, touched in Thursday’s intra-day trade. READ MORE

 

2:05 PM

Global markets :: Futures of Wall Street indices indicate weak start later today

1:56 PM

Ipca Laboratories' arm acquires further 20% stake of Sayshore Pharmaceuticals for $1.2 million

>> With this acquisition, Sayshore is now wholly owned by lpca Pharmaceuitcals, the company's wholly owned subsidiary

1:47 PM

India Inc's credit profile emerges stronger from pandemic in H1: Ind-Ra

The credit profile of rated companies in India has posted its best performance in over half a decade during April -September 2021 (1H FY22), despite the devastating second Coronavirus (Covid-19) wave, according to rating agency India Ratings. The rating agency upgraded the ratings of 150 issuers, while downgrading ratings of only 49 issuers during this period. This is in stark contrast to the trend witnessed in the past two years, when downgrades far exceeded upgrades. The corporate downgrade to upgrade ratio (D-U ratio) was at a low of 0.3 (1H FY21: 2.1; FY21: 1.4). READ MORE

1:42 PM

SML Isuzu reports total vehicle sales up 99% year-on-year at 716 units in September

>> Passenger vehicle sales at 176 units as against 80 units sold last year

1:35 PM

DIPAM says reports indicating financial bids in Air India disinvestment case are incorrect

1:27 PM

VST Tillers hits 10% upper circuit on pact with US-based firm Zimeno

Shares of VST Tillers Tractors were locked in the 10 per cent upper circuit at Rs 2,964.80 on the BSE in Friday's session after the company announced that it has entered into a master service agreement with Zimeno, Inc, USA. to develop an integrated tractor powertrain for the electric tractor of Zimeno. READ MORE

1:19 PM

Volatility Alert :: India VIX falls 3.5% to trade at 17.77-level

1:07 PM

Sept Auto Sales :: Eicher Motors reports total VECV sales of 6,070 units

>> Total sales grew 73.1 per cent in September

12:59 PM

Ambuja Cements starts commercial production of clinker and cement on September 30

>> The company has started commercial production at its newly commissioned Marwar Greenfield Project in Nagaur District, in Rajasthan

12:56 PM

Sept sales data :: VST Tillers Tractors