F&O Expiry: Sensex tanks 285 pts, Nifty holds 12,000; RIL down 2.5%, SBI 2%
All that happened in the markets today
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markets
Indian equities reversed all the gains made yesterday and traded lower as concerns over the spread of Coronavirus hit investor sentiment on Thursday. D-Street was a sea of red with bluechip stocks like Reliance Industries, SBI, Infosys, HDFC Bank, and ITC sliding up to 2 per cent.
The number of confirmed deaths from the virus in China has climbed to 170 with 7,711 people infected, and more cases are being reported around the world. India, too, reported its first confimred case of Coronavirus today in Kerala.
That apart, volatility was seen in the markets due to expiry of the January series of Futures and Options (F&O) contracts, stock-specific development on the back of December quarter earnings, and in the run-up to the presentation of the Union Budget for 2020-21 on Saturday, Feb 1.
The benchmark S&P BSE Sensex settled off day's low, but was still down 284.84 points, or 0.69 per cent, at 40,913.82 level. Reliance Industries was the top drag on the index , down 2.4 per cent, after global brokerage firm Macquarie downgraded the stock to 'underperform'. On the other hand, Bajaj Auto was up 1.4 per cent on the index after reporting an 8 per cent jump in net profit during Q3FY20.
On the NSE, the Nifty50 managed to hold the 12,000-mark, and closed at 12,035.80 level, down 93.70 points or 0.77 per cent. All the key sectoral indices settle the day in the negative territory. Nifty Pharma Index was the worst hit (down 2 per cent), followed by Nifty FMCG index (1.5 per cent), and Nifty PSU Bank index (1.3 per cent).
In the intra-day trade, the Sensex and Nifty hit a low of 40,829.91 and 12,010.60, respectively.
As for broader markets, the mid and small-cap indices underperformed on the BSE today. The S&P BSE mid-cap index declined over 1 per cent to close at 15,556.34, while the S&P BSE small-cap index settled at 14,703.96, down 0.92 per cent.
GLOBAL MARKETS
Asian stocks and currencies tumbled further on Thursday, as the rising death toll from a virus spreading from China led airlines to cut flights and stores to close, increasing pressure on the world’s second-largest economy as fears of a pandemic grow.
European stocks are also set to fall. EuroSTOXX 50 futures and DAX futures are down 0.8 per cent. FTSE futures point to a negative open in London. US stock futures, down 0.6 per cent, suggest a negative open on Wall Street.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2 per cent to a seven-week low and has now dropped for six straight sessions. Japan's Nikkei fell nearly 2 per cent. Hong Kong's Hang Seng fell 2.3 per cent and Taiwan's benchmark index slumped 5.8 per cent in its first session since the Lunar New Year break.
(With inputs from Reuters)
3:42 PM
Sectoral trends on NSE at close
3:41 PM
Sensex heatmap at close
3:41 PM
Closing Bell
>> The benchmark S&P BSE Sensex settled off day's low, but was still down 284.84 points, or 0.69 per cent, at 40,913.82 level.
>> On the NSE, the Nifty50 managed to hold the 12,000-mark, and closed at 12,035.80 level, down 93.70 points or 0.77 per cent.
>> On the NSE, the Nifty50 managed to hold the 12,000-mark, and closed at 12,035.80 level, down 93.70 points or 0.77 per cent.
3:25 PM
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3:04 PM
Earnings Alert | Indian Oil Corporation Q3 results
>> Standalone net prodit at Rs 2,339 crore
>> Standalone revenue at Rs 1.24 lakh crore
>> Standalone revenue at Rs 1.24 lakh crore
3:01 PM
NEWS ALERT | Govt intimates about appointing bankers for 15% stake sale via OFS in HAL: Exchange filing
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Small-cap funds are witnessing an upswing, are they in revival mode?
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2:51 PM
MARKET CHECK:: Sensex off day's low
2:39 PM
NEWS ALERT | LIC Housing Q3 net profit at Rs 597.5 cr; revenue up 12.6% YoY at Rs 4,996.5 cr
2:33 PM
Global Markets check
Asian stocks and currencies tumbled further on Thursday, as the rising death toll from a virus spreading from China led airlines to cut flights and stores to close, increasing pressure on the world’s second-largest economy as fears of a pandemic grow.
European stocks are also set to fall. EuroSTOXX 50 futures and DAX futures are down 0.8 per cent. FTSE futures point to a negative open in London. US stock futures, down 0.6 per cent, suggest a negative open on Wall Street.
The number of confirmed deaths from the virus in China has climbed to 170 with 7,711 people infected, and more cases are being reported around the world.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2 per cent to a seven-week low and has now dropped for six straight sessions. Japan's Nikkei fell nearly 2 per cent. Hong Kong's Hang Seng fell 2.3 per cent and Taiwan's benchmark index slumped 5.8 per cent in its first session since the Lunar New Year break.
2:26 PM
Godrej Consumer slips 8% post December quarter results
Shares of Godrej Consumer Products (GCPL) slipped 8 per cent to Rs 681 on the BSE as the company’s December 2019 quarter (Q3YF20) performance was in-line with the market’s expectations. The stock erased its entire gain recorded during January. On consolidated basis, GCPL’s net sales grew 2.1 per cent year- on-year (YoY) to Rs 2,778 crore while its profit after tax (PAT) increased 7.7 per cent YoY to Rs 450 crore. Volume growth stood at 7 per cent on a favourable base (1 per cent in Q3FY19). READ MORE
2:24 PM
Earnings Alert | Dabur Q3 result
>> Consolidated net profit at Rs 400 crore
>> Cons revenue at Rs 2,353 crore
>> Cons EBITDA at Rs 493 crore; margin at 21%
>> Cons revenue at Rs 2,353 crore
>> Cons EBITDA at Rs 493 crore; margin at 21%
2:15 PM
HUL Q3 preview: Weak rural growth may hit performance; Volumes to grow 4%
Weak rural growth is expected to adversely impact financial performance of the FMCG (fast moving consumer goods) bellwether Hindustan Unilever (HUL) for the third quarter of the financial year 2019-20 (Q3FY20) as rural sales contributes a sizeable portion of its overall sales in addition to shift towards lower priced alternatives. The company is slated to announce its December quarter results Friday. READ MORE
2:07 PM
All Nifty sectoral indices in the red
1:57 PM
SBI Q3 preview: Profit could take hit due to DHFL, interest income may rise
Despite resolution of Essar Steel, State Bank of India (SBI) may report subdued December quarter (Q3FY20) numbers as analysts expect slippages to rise courtesy Dewan Housing Finance Corp Ltd (DHFL). They, however, expect operating performance in terms of net interest income (NII) to improve during the recently concluded quarter. The bank is slated to report its Q3FY20 earning on Friday, January 31. READ MORE
Topics : MARKET WRAP Markets
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First Published: Jan 30 2020 | 7:41 AM IST
