You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys.

SI Reporter  |  New Delhi 

Markets, Up, Down, BSE, NSE, Stocks
Photo: Shutterstock.com

The benchmark indices settled marginally lower on Wednesday ahead of the expiry of September Futures and Options (F&O) contracts due on Thursday.

The S&P BSE Sensex ended at 36,542, down 110 points while the broader Nifty50 index settled at 11,054, down 14 points.

Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys and Tata Consultancy Services (TCS).

In key individual stocks, YES Bank rose 1.4 per cent to Rs 223 on the BSE. DHFL also rose nearly 1 per cent to Rs 303.20.

Investors will keenly watch US Fed meet outcome due later in the day for fresh cues in the markets.

Global Markets

Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased.
 
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent. Shanghai shares rose 1.55 per cent. Japan's Nikkei climbed more than 0.3 per cent, touching its highest since late January.

(with Reuters inputs)

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

MARKET COMMENT Jayant Manglik, President, Religare Broking Ltd. In a volatile trading session, the equity benchmark indices opened on a positive note however, it witnessed selling pressure at higher levels with Nifty index correcting from an intraday high of 11,146 levels to close at 11,054 levels, 0.1% lower. The broader markets outperformed the benchmark with BSE Midcap and Smallcap ending with marginal gains of 0.2% and 0.1%. The sector indices witnessed mixed trend. While FMCG, IT and Auto were the top losers, Metal, Realty and Capital Goods ended with gains of ~1.2-1.7%.   We maintain our cautious stance on the Indian markets as volatility is likely to remain high in the near term. On the global front, US FOMC meet scheduled tonight, crude oil and currency movement would be actively tracked by the investors. We would advise investors and traders to remain selective in stock picking.

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Nifty FMCG index ends 1.47% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME ITC 293.10 301.15 -8.05 -2.67 19889764 P & G HYGIENE 9500.00 9673.75 -173.75 -1.80 8025 BRITANNIA INDS. 5680.00 5773.85 -93.85 -1.63 190471 HIND. UNILEVER 1610.00 1630.85 -20.85 -1.28 980614 GODREJ CONSUMER 772.60 782.40 -9.80 -1.25 775681

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Sectoral gainers and losers on NSE

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

BSE Sensex: Tata Motors, SBI, ITC among top losers of the day

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Market at close   The S&P BSE Sensex ended at 36,542, down 110 points while the broader Nifty50 index settled at 11,054, down 14 points.

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

TD Power Systems surges 31% in four days on share buyback plan Shares of TD Power Systems have moved higher by 13% to Rs 145 per share, extending their 16.5% rally in past three days on the BSE ahead of the board meeting later in the day to consider a share buyback proposal. READ MORE

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Half of the 22 listed PSBs are unfit to absorb weaker state-owned banks Last week, the Central Government announced the merger of three public sector banks — Bank of Baroda, Dena Bank and Vijaya Bank — setting off speculation that similar mergers of public sector banks may be around the corner.   But given the deteriorating financial health of most public sector banks (PSBs), the fundamental question is whether there are any healthy PSBs left that can absorb the weaker ones. READ MORE

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Most active stocks in terms of value on BSE COMPANY NAME LATEST HIGH LOW CHG () CHG(%) VALUE ( CR) VOLUME DEWAN HSG. FIN. 307.60 319.90 277.45 6.90 2.29 157.05 5105782 APOLLO HOSPITALS 1041.50 1060.65 1033.35 -5.15 -0.49 148.20 1422906 YES BANK 222.75 229.55 217.00 2.90 1.32 76.55 3436568 EICHER MOTORS 25180.00 26254.35 25076.40 -433.65 -1.69 75.10 29827 TATA MOTORS 233.25 244.00 229.80 -7.65 -3.18 70.42 3019132

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Sadbhav Engineering, PNB Housing, Motherson Sumi, 8K Miles hit 52-week low   8K Miles Software Services locked in lower circuit for the third straight day, down 5% at Rs 213 on the BSE, despite clarification to social media rumors. The stock slipped 35% thus far in the month of September. READ MORE

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Ultra-rich families ride stock surge to double their annual gains: Report These are heady times for the world’s richest clans. Family offices scored average returns of 15.5 per cent last year, up from 7 per cent in 2016 and 0.3 per cent the prior year, according to UBS Group AG and Campden Wealth. Those in Asia led the way with a 16.4 per cent return in 2017, fuelled by soaring stock markets and private equity. READ MORE

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

United Breweries Ltd spurts 0.9%, up for five straight sessions The stock is quoting at Rs 1397.55, up 0.9% on the day on the NSE. United Breweries Ltd is up 69.56% in last one year as compared to a 13.32% gain in NIFTY and a 20.98% gain in the Nifty FMCG. United Breweries Ltd rose for a fifth straight session today. READ MORE

First Published: Wed, September 26 2018. 08:19 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex dips 110 pts ahead of F&O expiry; FMCG, IT stocks fall

Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys.

The benchmark indices settled marginally lower on Wednesday ahead of the expiry of September Futures and Options (F&O) contracts due on Thursday.

The S&P BSE Sensex ended at 36,542, down 110 points while the broader Nifty50 index settled at 11,054, down 14 points.

Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys and Tata Consultancy Services (TCS).

In key individual stocks, YES Bank rose 1.4 per cent to Rs 223 on the BSE. DHFL also rose nearly 1 per cent to Rs 303.20.

Investors will keenly watch US Fed meet outcome due later in the day for fresh cues in the markets.

Global Markets

Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased.
 
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent. Shanghai shares rose 1.55 per cent. Japan's Nikkei climbed more than 0.3 per cent, touching its highest since late January.

(with Reuters inputs)

image
Business Standard
177 22