MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline
All that happened in markets today
 "markets")
Benchmark indices snapped two days of gain and inched lower on Thursday as investors reassessed the scope of the coronavirus outbreak after China's Hubei province reported a record rise in the death toll. A surprise drop in industrial output for December and a rise in January inflation to a six-year high also dampened sentiment.
The S&P BSE Sensex dipped 106 points, or 0.26 per cent, to 41,460 levels. IndusInd Bank (down 3.5 per cent), Tata Steel (down nearly 2 per cent), and ONGC (down around 2 per cent) were the top laggards in the Sensex pack. On the other hand, Titan (up over 2 per cent), SBI (up over 2 per cent) and Infosys (up around 1.5 per cent) gained the most.
The broader Nifty50 index gave up the 12,200 mark to settle at 12,175, down 27 points, or 0.22 per cent.
Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most.
In the broader market, the S&P BSE MidCap slipped 23 points, or 0.15 per cent, to 15,766 and the S&P BSE SmallCap index ended at 14,727, down 0.03 per cent.
GLOBAL MARKETS
In broader Asian markets, MSCI’s broadest index of Asia-Pacific shares outside Japan was trading flat. China’s Hubei province reported 242 new deaths and 14,840 new cases as of Wednesday.
Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world’s biggest oil importer, outweighed expectations of supply cuts from major producers.
Brent crude fell 6 cents, or 0.1 per cent, to $55.73 per barrel at 0735 GMT. US West Texas Intermediate (WTI) was up 5 cents, or 0.1 per cent, to $51.22 a barrel. Brent rose 3.2 per cent on Wednesday while WTI gained 2.5 per cent as a slowdown in new Chinese coronavirus cases boosted expectations of a demand recovery.
(With inputs from Reuters)
3:40 PM
SECTOR WATCH | Gainers and losers on the NSE
3:40 PM
MARKET AT CLOSE | Top gainers and losers on the S&P BSE Sensex
3:37 PM
CLOSING BELL
The S&P BSE Sensex slipped 106 points or 0.26 per cent to settle at 41,460 levels while the NSE's Nifty50 ended at 12,175-mark, down 27 points or 0.22 per cent.
3:25 PM
BROKERAGE RADAR | Anand Rathi Shares on HealthCare Global Enterprises
We retain our Buy recommendation and target price of Rs 175 based on 7x FY22e EV/EBITDA. Further, capex tapering since HCG enters a consolidation phase would result in debt reduction from FY21.
Risks: Price cap by government on oncology treatment, delay in ramping up new centres.
Risks: Price cap by government on oncology treatment, delay in ramping up new centres.
3:11 PM
-- Ebitda at Rs 158.6 cr
-- Ebitda margin at 5.9%
RESULTS CORNER:: Godrej Industries Q3 consolidated net profit up 29.2% at Rs 156.7 cr
-- Revenue up 11.5 per cent at Rs 2,696.3 cr
-- Ebitda at Rs 158.6 cr
-- Ebitda margin at 5.9%
3:08 PM
SECTOR WATCH:: Nifty IT index off day's lows
3:00 PM
BUZZING STOCK:: IRCON International up 4%
2:57 PM
IndusInd Bank at day's low, slips 4%
2:49 PM
Market check | Sensex pares losses partially
2:43 PM
NEWS ALERT | United Farmers Investment to acquire entire stake held by India Agri Business Fund and Real Trust : BSE filing
>> The Existing Shareholders currently holds 29.91% of the voting equity shareholding in DFL
>> The existing Shareholders will be exiting DFL pursuant to the share purchase agreement executed amongst the Sellers, DFL and the Investor (“SPA”).
>> The Company’s shareholding in DFL will not undergo any change pursuant to the transaction
Alert: United Farmers Investment is a subsidiary of Saudi Agricultural & Livestock Investment Company
>> The existing Shareholders will be exiting DFL pursuant to the share purchase agreement executed amongst the Sellers, DFL and the Investor (“SPA”).
>> The Company’s shareholding in DFL will not undergo any change pursuant to the transaction
Alert: United Farmers Investment is a subsidiary of Saudi Agricultural & Livestock Investment Company
Topics : Markets MARKET WRAP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 13 2020 | 7:23 AM IST