MARKET WRAP: Sensex slips 76 pts amid profit booking, Nifty ends at 11,968
All that happened in markets today.
 "BSE, sensex")
The Bombay Stock Exchange | Photo: ANI
Benchmark indices ended in the red on Thursday largely due to profit-booking by investors in industry heavyweights like Bharti Airtel and Reliance Industries. Other blue-chips such as ITC, Axis Bank, Maruti, IndusInd Bank, and Tata Steel also witnessed selling during the day.
The S&P BSE Sensex ended 76 points or 0.19 per cent lower at 40,575 with Tata Steel (down over 3 per cent) being the biggest loser and Hindustan Unilever (up 1 per cent) the biggest gainer. On the NSE, the Nifty50 index ended at 11,968, down 31 points or 0.26 per cent.
In the broader market, the S&P BSE MidCap index slipped 0.73 per cent to end at 14,759 levels and the S&P BSE SmallCap index lost 57 points or 0.43 per cent to end at 13,357.
Sectorally, media stocks rallied the most followed by realty counters. The Nifty Media index added 4 per cent to 1,939 levels. On the other hand, metal stocks cracked the most. The Nifty Metal index ended over 2 per cent lower at 2,470.
Volatility index India VIX slipped over 2 per cent to 14.83 levels.
BUZZING STOCKS
Shares of Bharat Petroleum Corporation Limited (BPCL) slid nearly 6 per cent to Rs 514 on the BSE on Thursday after the Cabinet approved the strategic disinvestment of the government's entire 53.29 per cent stake in the firm. The stock opened almost a per cent higher to hit its fresh 52-week high level of Rs 549.70 before reversing its direction. READ MORE
Shares of Bharat Petroleum Corporation Limited (BPCL) slid nearly 6 per cent to Rs 514 on the BSE on Thursday after the Cabinet approved the strategic disinvestment of the government's entire 53.29 per cent stake in the firm. The stock opened almost a per cent higher to hit its fresh 52-week high level of Rs 549.70 before reversing its direction. READ MORE
Shares of Zee Entertainment Enterprises (ZEEL) surged up to 19 per cent to Rs 364 in the early morning deals on the National Stock Exchange (NSE) on Thursday after the promoter Essel Group sold nearly 15 per cent stake in the company for Rs 4,343 crore. The stock ended at Rs 345, up over 12 per cent. READ MORE
Shares of infrastructure developers including IRB Infrastructure Developers, Sabhav Engineering, KNR Constructions, and NCC zoomed up to 19 per cent on the BSE on Thursday after the Union Cabinet on Wednesday amended rules regarding the Toll-Operate-Transfer (TOT) model of the highway monetisation programme. READ MORE
GLOBAL MARKETS
Global stocks slid further on Thursday as the standoff between the US and China extended beyond trade, reducing the odds of a “phase-one” deal this year and forcing investors to seek shelter in safe-haven assets. The US House of Representatives on Wednesday passed two bills intended to support protesters in Hong Kong and send a warning to China about human rights.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to a near three-week lows, with Hong Kong's Hang Seng tumbling 1.6 per cent while Japan's Nikkei dropped 0.5 per cent. Chinese mainland shares dropped 0.3 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to a near three-week lows, with Hong Kong's Hang Seng tumbling 1.6 per cent while Japan's Nikkei dropped 0.5 per cent. Chinese mainland shares dropped 0.3 per cent.
European shares extended their losses from Wednesday with the pan-European STOXX 600 and the trade-sensitive Germany's DAX 30 both sliding 0.7 per cent to fresh two-week lows.
In commodities, oil prices dipped, paring some of their 2 per cent gains made on Wednesday.
(With inputs from Reuters)
3:56 PM
SECTOR WATCH | Top losers and gainers on the NSE
3:55 PM
MARKET CHECK | Top losers and gainers on the S&P BSE Sensex
3:39 PM
CLOSING BELL
The S&P BSE Sensex lost 76 points or 0.19 per cent to end at 40,575 while Nifty50 ended at 11,968.40, down 31 points or 0.26 per cent.
3:18 PM
NEWS ALERT | Hope IBC timeline is adhered to in DHFL case: SBI Chariman
- Important to keep telecom sector healthy
3:04 PM
MARKET CHECK
2:48 PM
NEWS ALERT | Adani Group may be eyeing DHFL: sources to CNBC TV18
-- Adani Group has shown interest in DHFL's retail and wholesale book
-- Piramal and Apollo have shown interest only for Retail book
-- Expect many suitors for DHFL: SBI chairman tells CNBC TV18
-- Piramal and Apollo have shown interest only for Retail book
-- Expect many suitors for DHFL: SBI chairman tells CNBC TV18
2:45 PM
NEWS ALERT | Govt approves KIOCL's at Mangalore project worth Rs 837 cr: BSE filing
-- Centre has approved the proposal of the Company for setting up of Forward and Backward Integration Projects to the Blast Furnace Unit (BFU)
2:33 PM
MARKET CHECK:: Sensex adds marginal gains
2:31 PM
How DHFL fallout will put India's bankruptcy reforms to an unexpected test
Dewan Housing Finance Corp. will be the test case of this new approach. The central bank booted out the mortgage financier’s board Wednesday and appointed an administrator who will be tasked with resolution once India’s bankruptcy tribunal takes Dewan under its wing.
As I wrote earlier, for the lenders to pretend that they were going to restructure Dewan’s $12 billion in liabilities outside of court supervision was just a Bollywood fantasy. READ MORE
2:18 PM
» More on Top Losers
Top losers on BSE500 today
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| GAYATRI PROJECTS | 71.85 | -14.90 | -17.18 | 51629 |
| I T D C | 375.30 | -41.65 | -9.99 | 65121 |
| CAPLIN POINT LAB | 310.40 | -32.40 | -9.45 | 26121 |
| CORPORATION BANK | 25.10 | -2.60 | -9.39 | 398437 |
| DISH TV | 15.87 | -0.99 | -5.87 | 9219184 |
2:09 PM
Polycab India hits new lifetime high of Rs 950, surges 71% in three months
Polycab India (PIL) shares continued its northward journey, climbing 1 per cent on the BSE on Thursday in an otherwise range-bound market to clock a new lifetime high of Rs 950. The stock was trading at the highest level since its listing on April 16, 2019. In the past three months, the stock has outpaced the market by surging 71 per cent on strong September quarter results (Q2FY20) and inclusion in MSCI Global Small Cap Index with effect from November 26, 2019. READ MORE
1:52 PM
Global Markets Check
Global stocks took a beating on Thursday as a fresh row between Washington and Beijing over US legislation on Hong Kong threatened to undermine their trade talks and delay a “phase one” deal
European shares were on course to extend their losses with pan-European Euro Stoxx 50 futures down 0.62%, German DAX futures falling 0.68% and Britain’s FTSE futures down 0.48%.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2% to a three-week low, with Hong Kong's Hang Seng tumbling 1.6% while Japan's Nikkei dropped 0.4%. Chinese mainland shares dropped 0.3%
1:44 PM
NEWS ALERT | Trade teams will continue to maintain communications: China's Commerce Minister
Says, will strive to reach phase I trade deal with the US
(As reported by Reuters)
(As reported by Reuters)
1:35 PM
Buzzing stock | Caplin Point Lab tanked 14% to Rs 296, also its 52-week low on the BSE, in the intra-day trade
-- Shares slipped on back of heavy volumes.
-- The trading volumes on the counter more than doubled with a combined 278,893 shares changing hands on the NSE and BSE till 12:45 pm.
-- The trading volumes on the counter more than doubled with a combined 278,893 shares changing hands on the NSE and BSE till 12:45 pm.
-- Thus far in the November month, the stock of pharmaceuticals company has slipped 31%, as compared to a per cent rise in the S&P BSE Sensex.
1:30 PM
» More on Top Gainers
Top gainers on BSE500 today
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| UCO BANK | 21.70 | 3.01 | 16.10 | 1468919 |
| NETWRK.18 MEDIA | 29.70 | 4.00 | 15.56 | 305866 |
| ADITYA BIRLA CAP | 96.25 | 10.70 | 12.51 | 1291764 |
| JAGRAN PRAKASHAN | 53.00 | 5.75 | 12.17 | 97815 |
| ZEE ENTERTAINMEN | 344.50 | 37.35 | 12.16 | 4025048 |
Topics : Markets MARKET WRAP
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First Published: Nov 21 2019 | 7:27 AM IST
