MARKET: Sensex slips 323 pts amid weak global cues, Nifty ends at 11,516
All that happened in the markets today
 "(Photo: Kamlesh Pednekar)")
(Photo: Kamlesh Pednekar)
The domestic stock market ended nearly 1 per cent lower on Thursday amid weak global cues. Global markets slipped despite the US Federal Reserve saying it would keep interest rates near zero. Further, geopolitical tensions, too, weighed on the investor sentiment. READ MORE
The S&P BSE Sensex today fell 323 points, or 0.82 per cent to settle at 38,980. Of 30 constituents, 26 declined and the rest four advanced. Bajaj Finserv (down over 2 per cent) ended as the biggest loser on the index while HCL Tech (up over 2 per cent) was the top gainer.
NSE's Nifty50 settled at 11,516, down 88 points, or 0.76 per cent. India VIX gained over 2 per cent to 20 levels.
On the sectoral front, Nifty Realty index slipped the most - down 1.68 per cent to 222.5 levels. Nifty Metal index cracked around 1.4 per cent to 2,363 levels. Nifty Bank fell 1 per cent while the Nifty PSU Bank index dropped over 1 per cent. On the other hand, Nifty Pharma settled 0.39 per cent higher at 11,735 levels.
Among individual stocks, HCL Tech entered the list of top-10 most valuable companies in India after the stock rose nearly 4 per cent to Rs 817 during the day. Shares of the company settled at Rs 808, up over 2 per cent on the BSE.
Shares of Happiest Minds Technologies (HMT) made a stellar debut at the bourses on Thursday as investors' money more-than-doubled after the stock ended at Rs 371, a 123 per cent higher against its issue price of Rs 166 per share on the bourses. READ MORE
In the broader market, the S&P BSE MidCap index settled 0.24 per cent higher at 15,009 levels while the S&P BSE SmallCap index lost 0.53 per cent to end at 15,350 levels.
On the sectoral front, Nifty Realty index slipped the most - down 1.68 per cent to 222.5 levels. Nifty Metal index cracked around 1.4 per cent to 2,363 levels. Nifty Bank fell 1 per cent while the Nifty PSU Bank index dropped over 1 per cent. On the other hand, Nifty Pharma settled 0.39 per cent higher at 11,735 levels.
Among individual stocks, HCL Tech entered the list of top-10 most valuable companies in India after the stock rose nearly 4 per cent to Rs 817 during the day. Shares of the company settled at Rs 808, up over 2 per cent on the BSE.
Shares of Happiest Minds Technologies (HMT) made a stellar debut at the bourses on Thursday as investors' money more-than-doubled after the stock ended at Rs 371, a 123 per cent higher against its issue price of Rs 166 per share on the bourses. READ MORE
In the broader market, the S&P BSE MidCap index settled 0.24 per cent higher at 15,009 levels while the S&P BSE SmallCap index lost 0.53 per cent to end at 15,350 levels.
Global markets
The dollar stirred and equities recoiled on Thursday after a divided US Federal Reserve dented stimulus hopes, TikTok’s tug-of-war clobbered tech stocks and dire European car sales underscored coronavirus troubles.
In Asia, China shares ended weaker, with healthcare and consumer firms leading the losses. At the close, the Shanghai Composite index was down 0.41 per cent at 3,270.44, while the blue-chip CSI300 index lost 0.53 per cent to 4,632.71.
In commodities, Brent crude dropped 1 per cent to $41.80 per barrel while US crude fell 1.2 per cent to $39.68 per barrel at the time of writing of this report.
(With inputs from Reuters)
4:23 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
"Indian markets reacted in sync with global markets, after the US Fed Reserve failed to keep up with the expectations of the investors. In spite of pledging to keep interest rates low, markets were disappointed with the lack of further inputs or immediate stimulus measures. Continued border tensions with China, also worried Indian markets. Markets are expected to remain uncertain and investors are advised to remain cautious."
3:43 PM
SECTOR WATCH | Nifty Metal index drops nearly 1.4%
3:42 PM
MARKET AT CLOSE | Bajaj Finserv ends as the biggest loser on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex slipped 323 points or 0.82 per cent to settle at 38,980 while NSE's Nifty ended at 11,516, down 88 points, or 0.76 per cent.
3:20 PM
HCL Tech gains over 2%
3:06 PM
Ashapura Minechem hits upper circuit for 3rd day; stock zooms 100% in 7 wks
Shares of Ashapura Minechem (AML) were frozen at the upper circuit limit for the third straight day on the BSE on Thursday. The stock was up 5 per cent at Rs 82.75, also its 52-week high, in an otherwise weak market. In the past seven weeks, the stock of the mining company has seen its share price more than double after it reported strong operational performance for the June quarter of the current fiscal (Q1FY21). READ MORE
3:00 PM
» More on Top Gainer
Stocks that hit 52-week high on BSE today
| COMPANY | PRICE(rs) | CHG(%) |
|---|---|---|
| J B CHEM & PHARM | 1132.00 | 16.76 |
| DHANUKA AGRITECH | 817.60 | 6.42 |
| I T D C | 270.70 | 5.74 |
| NESCO | 588.05 | 5.56 |
| SONATA SOFTWARE | 336.40 | 5.16 |
2:52 PM
Stocks exerting pressure on Sensex at this hour
2:44 PM
SC rejects SBI plea to vacate stay on invoking Anil Ambani's personal guarantees
In late August, the Delhi High Court had put on hold the insolvency resolution process (IRP) proceedings against Anil Ambani in relation to the recovery of Rs 1,200 crore loans given by SBI to his two firms. Ambani had given personal guarantees for the Rs 565 crore and Rs 635 crore SBI loans to RCom and Reliance Infratel (RITL), respectively, in August 2016. READ MORE
2:35 PM
MARKET CHECK | Top 5 losers on the BSE at this hour
2:29 PM
No easing GST rate, automakers should cut royalty payments: FinMin sources
Finance ministry sources have indicated that there may not be any cut in the goods and services tax (GST) rates on automobiles despite a demand to this effect by the Covid-19 hit sector. The sources said the rates payable by auto firms under the new indirect tax system are lower than those under the old regime of excise duty and value added tax. READ MORE
2:19 PM
Mindtree trades higher for sixth straight day, hits new high in a weak mkt
Shares of Mindtree extended their gains into sixth straight trading day, up 1 per cent to hit a fresh record high of Rs 1,277 on the BSE on Thursday. Thus far in the current week, the stock of the leading digital transformation and technology services company has soared 8 per cent after former promoters Krishnakumar Natarajan and Subroto Bagchi sold equity shares worth more than Rs 200 crore via open market. READ MORE
2:11 PM
Rupee closing
Rupee ends weaker at 73.65/$ vs Wednesday's close of 73.52 against the US dollar
1:58 PM
European indices dip in early deals
1:53 PM
VC investments from China down by 66% in 2020, startups to feel the heat
A major chunk of the investments falls under venture capital, which is defined as investments in companies less than 10 years old. According to Venture Intelligence data, of the 30 deals reported from January to September 2020, 24 of them fall under VC amounting to $216 million. During the same period last year, 30 of 35 deals were in VCs worth $446 million. READ MORE
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First Published: Sep 17 2020 | 7:43 AM IST
