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MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9%

All that happened in markets today

SI Reporter New Delhi
markets
markets

3 min read Last Updated : Apr 08 2019 | 3:56 PM IST

3:56 PM

Market rundown by Vinod Nair, HoR, Geojit Financial Services

"Domestic markets started this week on a weak note given global cues on account of drag in US-China trade deal and Brexit delays. Investors have turned cautious given rise in oil prices and sharp rally in the last couple of months leading to premium valuation of key indices. Additionally, general elections and start of Q4 earnings season is adding to the cautiousness, we may see some profit-booking in the near-term given sharp run-up in markets."

3:38 PM

Sectoral gainers and losers on NSE

3:38 PM

Top gainers and losers on S&P BSE Sensex

3:36 PM

MARKET AT CLOSE

The S&P BSE Sensex fell 162 points or 0.42 per cent to close at 38,701 while the NSE's Nifty50 index ended at 11,605, down 61 points or 0.53 per cent. 

3:13 PM

NEWS ALERT | Cyient signs MoU with govt to conduct training programmes for flying drones

2:50 PM

ICICI Lombard market-cap nears Rs 50,000-crore mark; stock hits new high

ICICI Lombard General Insurance shares hit an all-time high of Rs 1,057, up 2 per cent, in intra-day trade on the BSE, in an otherwise subdued market on Monday. The stock surpassed its previous high of Rs 1,044 touched on April 1, in intra-day trade. READ MORE

2:41 PM

All sectoral indices are trading in red

2:31 PM

Nifty Realty index is trading over 2% lower

2:20 PM

SpiceJet Elara Capital's top pick in aviation space

We reiterate SpiceJet as our top pick in the aviation sector, due to little competition in regional routes and strong fleet order book. SpiceJet is better placed to hire outgoing Jet Airways pilots, as both carriers are flying similar Boeing-737 aircrafts in domestic routes.

2:15 PM

Foreign portfolio investors rekindle love affair with Indian markets

A year after applying brakes on their investments in India, foreign portfolio investors (FPIs) are once again looking at the country aggressively. So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies. Last year, flows into India were tepid as most FPIs had cut their ‘overweight’ stance on India to multi-year lows. READ MORE

2:13 PM

Reliance Securities on Q4 earnings

The Q4FY19 results season with the backdrop of general elections 2019 will a very interesting season. Banking sector will continue to be the critical as it has seen consistent improvement in operating metrics in the last 3 quarters. We estimate an earnings growth of 41% YoY for our coverage universe of 95 stocks which is representative of the broader market excluding the metals and mining sector. Earnings growth excluding BFSI and OMCs will 3% YoY. We estimate NIFTY index earnings growth of 16% YoY for the quarter. Apart from the Banking sector which comes off a very low base of Q4FY18, Cement, IT and Capital goods are expected to deliver robust earnings performance. Consumer sector performance will be driven by the retail sector while automobile sector will continue to remain sluggish.

2:05 PM

Heatmap: S&P BSE Sensex

1:54 PM

Vodafone Idea up over 5.5%

1:44 PM

Top losers on BSE500

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
DLF 187.35 -14.15 -7.02 2674194
REL. COMM. 3.11 -0.16 -4.89 5481370
INDOSTAR CAPITAL 412.60 -16.45 -3.83 9113
H P C L 253.50 -9.90 -3.76 227503
TRENT 340.50 -12.35 -3.50 6622
» More on Top Losers

1:34 PM

Newgen Software climbs 9% to hit fresh high; gains 25% in three weeks

Shares of Newgen Software Technologies hit a new high of Rs 367, up 9 per cent on the BSE in intra-day trade on the back of heavy volumes, in an otherwise subdued market on Monday. The stock of IT consulting and software firm has rallied 25 in the past three weeks, as compared to a 1.7 per cent rise in the S&P BSE Sensex. READ MORE

First Published: Apr 08 2019 | 8:07 AM IST