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MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Among sectoral indices, the Nifty Auto index settled nearly 1.5% down due to a fall in share prices Motherson Sumi Systems and Maruti Suzuki.

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Market Wrap  |  Rbi Monetary Policy  |  Fed

SI Reporter  |  New Delhi 

The benchmark indices ended nearly 1per cent lower on Thursday following the 25 bps hike in repo and reverse repo rates by the Reserve Bank of India (RBI) on Wednesday. That apart, weak global sentiment on account of rising trade war fears also impacted sentiment. The S&P BSE Sensex ended at 37,165, down 356 points while the broader Nifty50 index settled at 11,245, down 101 points. Among individual stocks, Bharti Airtel settled 3.25 per cent lower at Rs 371.20, while Maruti Suzuki ended 2.15per cent down at Rs 9,140. The Nifty Auto index settled nearly 1.5 per cent down ...

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MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

MARKET COMMENT Jayant Manglik, President, Religare Broking Markets started on weak note and lost nearly a percent in the end, taking breather after the recent surge. Participants were in the profit taking mood from the beginning, citing weak global markets and overhang of the rate hike further deteriorated the sentiment. Almost all the sectoral indices, barring Pharma, closed lower while broader market indices managed to end on flat note.   We reiterate our "buy on dips" approach in Nifty till 11,100 is intact. Stocks are witnessing volatile swings across the board, thanks to the ongoing earnings season and require extra caution during selection. Private banking counters still top our preferred list along with select stocks from auto, pharma, FMCG space for short term trades. We advise keeping close watch on earnings and cues from the world markets for further clarity

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Stock quote: Maruti Suzuki ends 2.27% lower on NSE

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Nifty Auto index ends 1.44% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) MOTHERSON SUMI 304.10 314.60 -10.50 -3.34 MARUTI SUZUKI 9130.05 9341.60 -211.55 -2.26 APOLLO TYRES 285.20 291.60 -6.40 -2.19 M & M 910.95 929.75 -18.80 -2.02 TATA MOTORS 260.25 265.05 -4.80 -1.81

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Nifty sectoral losers of the day

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

BSE Sensex: Bharti Airtel, Maruti Suzuki among top losers of the day, Power Grid Corp top gainer

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Markets at close The S&P BSE Sensex ended at 37,165, down 356 points while the broader Nifty50 index settled at 11,245, down 101 points.

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

HDFC trades lower for fourth straight day Shares of Housing Development Finance Corporation (HDFC) was trading lower for the fourth straight trading day, down 2% at Rs 1,933 per share on the BSE. READ MORE

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Gold prices edge higher as dollar eases against yen Gold prices rose on Thursday, recovering from the previous session's fall, supported by a weaker dollar versus the Japanese yen in Asian trade. Spot gold was up 0.2 per cent at $1,218.23 an ounce, after losing 0.65 per cent in the previous session. US gold futures were little changed at $1,226.70 an ounce. READ MORE gold

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Sebi wins Australia court case against group accused of financial fraud Market regulator Securities and Exchange Board of India (Sebi) has won a case against the PACL group in an Australian court. According to sources, the regulator had appealed in Federal Court of Australia to recover dues worth Rs 4 billion stashed away by the PACL Group using several shell entities. READ MORE

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Top losers in BSE 500: COMPANY PRICE() CHG() CHG(%) L&T TECHNOLOGY 1420.00 -63.90 -4.31 ORIENT CEMENT 115.50 -5.15 -4.27 RADICO KHAITAN 430.05 -16.00 -3.59 SONATA SOFTWARE 342.00 -12.65 -3.57 L & T INFOTECH 1749.55 -63.15 -3.48 » More on Top Losers

MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Pharma shares in focus; Nifty Pharma index hits 6-month high Shares of pharmaceutical companies were in focus with Nifty Pharma index rising nearly 2% to hit a six-month high on Thursday in otherwise weak market. READ MORE

First Published: Thu, August 02 2018. 08:12 IST
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MARKET WRAP: Sensex ends 356 pts lower on RBI rate hike, trade war fears

Among sectoral indices, the Nifty Auto index settled nearly 1.5% down due to a fall in share prices Motherson Sumi Systems and Maruti Suzuki.

The benchmark indices ended nearly 1per cent lower on Thursday following the 25 bps hike in repo and reverse repo rates by the Reserve Bank of India (RBI) on Wednesday. That apart, weak global sentiment on account of rising trade war fears also impacted sentiment. The S&P BSE Sensex ended at 37,165, down 356 points while the broader Nifty50 index settled at 11,245, down 101 points. Among individual stocks, Bharti Airtel settled 3.25 per cent lower at Rs 371.20, while Maruti Suzuki ended 2.15per cent down at Rs 9,140. The Nifty Auto index settled nearly 1.5 per cent down ...

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