Sensex ends 95 pts lower, small, mid-caps outperform; Voda Idea zooms 27%
All that happened in the markets today
 "Markets")
On the NSE, the benchmark Nifty50 settled at 11,527, down 7.5 points, or 0.065 per cent.
The Indian markets settled flat with negative bias on Thursday after fluctuating between minor gains and losses during the session.
The S&P BSE Sensex ended 95 points, or 0.24 per cent lower at 38,991 levels, with ICICI Bank (down over 2 per cent) being the top loser and Titan (up nearly 6 per cent) the biggest gainer.
On the NSE, the benchmark Nifty50 settled at 11,527, down 7.5 points, or 0.065 per cent. India VIX dropped nearly 3 per cent to 20.53 levels.
The broader market, however, fared better than the benchmarks. The S&P BSE MidCap index ended 0.4 per cent higher at 15,079 levels while the S&P BSE SmallCap index settled at 14,761 points, up 0.74 per cent.
Among individual stocks, Vodafone Idea ended 27 per cent higher at Rs 12.56 on the BSE after media reports said Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in the company. READ MORE
Aviation stocks gained in the trade after the government allowed airlines to increase flights up to 60 per cent of their total capacity. InterGlobe Aviation ended nearly 2 per cent higher at Rs 1,270.95 on the BSE while SpiceJet settled at Rs 52.65, up over 3.5 per cent. READ MORE
Shares of Jubilant FoodWorks hit a fresh record high of Rs 2,305, up 2.3 per cent, bouncing back 4 per cent in the intra-day trade, on the BSE on the expectation of margin improvement going forward. The stock settled at Rs 2,292.75, up nearly 2 per cent.
Among sectoral indices on the NSE, Nifty Bank fell the most - down nearly 1.5 per cent to 23,531 levels. Nifty IT, on the other hand, advanced the most - up 1.5 per cent to 18,348.5 levels, with 9 out of 10 constituents advancing.
Among sectoral indices on the NSE, Nifty Bank fell the most - down nearly 1.5 per cent to 23,531 levels. Nifty IT, on the other hand, advanced the most - up 1.5 per cent to 18,348.5 levels, with 9 out of 10 constituents advancing.
Global markets
Europe kept record-high world share markets marching forward on Thursday. The pan-European STOXX 600 index rose over 1 per cent in early trade, tracking Wall Street's latest peaks and gains in parts of Asia after data showed China's service sector grew for a fourth straight month in August.
Oil prices fell to a one-month low as worries about weaker US gasoline demand and a sluggish economic recovery from the Covid-19 pandemic dented sentiment.
(With inputs from Reuters)
4:01 PM
MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services
"Markets exhibited volatility and ended flat for the day, switching between gains and losses. However, global markets, especially Europe, were generally positive for the day, anticipating better economic data. Domestically, data emerged that the services sector had contracted for the 6th consecutive month, in spite of the phased reopening of the economy in the last two months. This has led to worries that the comeback, foreseen for the economy, could be long drawn out. Investors advised to remain light and keep booking profits."
3:43 PM
SECTOR WATCH::Nifty Bank slips nearly 1.5%
3:42 PM
MARKET AT CLOSE:: Losers and gainers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex ended 95 points, or 0.24 per cent lower at 38,991 levels while the NSE's Nifty ended at 11,527, down 7.5 points, or 0.065 per cent.
3:26 PM
MARKET CHECK:: Top 5 gainers on the BSE at this hour
3:23 PM
At 14%, Indian households among the lowest invested in equities globally
The exposure of Indian households to equity assets in their financial balance sheet is among the lowest in the world at 14 per cent, says the September 2 report by Motilal Oswal Securities. At the other extreme is the US, where the exposure to equities stands at 45.5 per cent, followed by Spain, Canada and China. The report analysed the calendar year 2019 (CY19) data for all countries except China (CY16), Taiwan (CY18) and India (FY19). READ MORE
3:11 PM
Interest Waiver Case | RBI has to support banks as well; sector is the backbone of the economy, says Mehta
3:10 PM
Interest Waiver Case | The NDMA Act uses the word "may", it is not cast in stone that the govt has to step in, says SG Mehta
3:03 PM
Interest Waiver Case | Moratorium and penal interest cannot go together, says Justice Reddy
>> RBI needs to clarify its position
>> Question is about the demands of compound interest in the meantime
>> Question is about the demands of compound interest in the meantime
3:00 PM
Interest Waiver Case | SC bench asks SG Mehta to address on the point of NDMA and its action to provide relief.
>> SG Mehta says that the DM Act provides that the government "may" take action. So far, NDMA has deemed it fit for the RBI to adopt supervisory role
Topics : Markets India Services PMI India China relations InterGlobe Aviation Page Industries Dish TV India DHFL Jubilant Industries Coal India MARKET WRAP
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First Published: Sep 03 2020 | 7:37 AM IST