MARKET WRAP: Sensex crashes 624 pts; YES Bank tanks 11%, RIL surges 10%
The S&P BSE Sensex and the Nifty50 fell 866.67 points and 244.3 points from day's highs to hit a low of 36,888.49 and 10,901.60 respectively in the intra-day trade.
 "markets")
Indian shares slipped on Tuesday, dragged lower by telecoms and automotive stocks, as investors remained wary in the absence of any announcement about a government fiscal stimulus package and ahead of key inflation data.
The fall in domestic markets was in line with declines in broader Asia, as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina’s peso currency drove investors to safe harbours.
The S&P BSE Sensex and the Nifty50 fell 866.67 points and 244.3 points from day's highs to hit a low of 36,888.49 and 10,901.60 respectively in the intra-day trade.
The Sensex closed 624 points, or 1.66 per cent, lower at 36,958 levels with 28 of 30 stocks registering losses. YES Bank, M&M< Bajaj Finance, and Bharti Airtel ended the day with deepest cuts while only Reliance Industries and Sun Pharma managed to hold gains. The Nifty50, too, breached the psychological level of 11,000 to settle 184 points, or 1.65 per cent, lower at 10,926 mark.
All the sectoral counters ended in the red. Nifty auto index ended 4 per cent lower, followed by financial services (3 per cent) and banking (2.5 per cent) scrips.
In the broader market, S&P BSE mid-cap closed at 13,348 level, down 321 points, or 2.35 per cent, THe S&P BSE small-cap, on the other hand, dipped 181 points, or 1.43 per cent, to close at 12,518 levels.
Meanwhile, the surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48 per cent in dollar terms. That marked the second-biggest one-day rout on any of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60 per cent in June 1989 as the nation was engulfed in a civil war. READ MORE HERE
RELIANCE INDUSTRIES IN FOCUS
Shares of Reliance Industries (RIL) zoomed as much as 12.09 per cent to Rs 1,302.50 apiece on the BSE in the intra-day trade on Tuesday after the company made a slew of announcements at its 42nd AGM (annual general meeting) held on Monday. READ MORE
The stock witnessed its biggest single-day gain in the last 10 years. Before this, it had rallied 24 per cent in the intra-day trade on May 18, 2009, data show. It added nearly Rs 89,381 crore to m-cap during the session. Additionally, the stock played a major role in capping the benchmark S&P BSE Sensex's loss as it contributed 427 points to the index. The stock ended the day at Rs 1,275 apiece, up 9.6 per cent. READ MORE
(With Reuters inputs).
3:46 PM
All sectoral indices on the NSE settle in the red
3:45 PM
Top losers and gainers on the S&P BSE Sensex
3:35 PM
CLOSING BELL
The S&P BSE Sensex crashed 624 points or 1.66 per cent to settle at 36,958 while the Nifty50 index slipped below the crucial 11,000-mark to end at 10,926, down 184 points or 1.65 per cent.
3:29 PM
Edelweiss Securities on Future Consumer
Future Consumer (FCL) has entered four large categories — Dairy, Detergent, Biscuits and Namkeens; we would monitor their traction. Penetration in these categories would lead to upfront costs, which would dent consolidated PAT. We are, hence, pruning FY20/21E consolidated PAT to Rs 132mn/Rs 710mn from Rs 216mn/Rs 849mn. Maintain ‘BUY’ with a revised TP of Rs 42 (Rs 50 earlier).
3:20 PM
Source: NSE
(Click to view the full list)
14 securities on the NSE hit 52-week high today
| Symbol | Security | New 52W/H | Prev. High | Prev. High Date | LTP | Prev. Close | Chng | % Chng |
|---|---|---|---|---|---|---|---|---|
| ASIANPAINT | Asian Paints Limited | 1,594.00 | 1,581.90 | 09-Aug-2019 | 1,573.90 | 1575.50 | -1.60 | -0.10 |
| AXISGOLD | Axis Mutual Fund - Axis Gold ETF | 3,400.00 | 3,293.00 | 09-Aug-2019 | 3,320.00 | 3249.55 | 70.45 | 2.17 |
| BERGEPAINT | Berger Paints (I) Limited | 364.80 | 360.75 | 09-Aug-2019 | 363.60 | 359.35 | 4.25 | 1.18 |
| GOLDBEES | Reliance ETF Gold BeES | 3,331.95 | 3,299.85 | 08-Aug-2019 | 3,331.90 | 3272.55 | 59.35 | 1.81 |
| GOLDSHARE | UTI Mutual Fund - UTI Gold Exchange Traded Fund | 3,358.00 | 3,312.75 | 08-Aug-2019 | 3,347.55 | 3292.65 | 54.90 | 1.67 |
Source: NSE
(Click to view the full list)
3:16 PM
Top 5 losers on the BSE at this hour
| IIFL | 112.75 | -10.50 | -8.52 |
| MOTHERSUMI | 97.50 | -9.30 | -8.71 |
| YESBANK | 73.90 | -8.20 | -9.99 |
| BHEL | 50.50 | -6.40 | -11.25 |
| BEML | 710.80 | -105.40 | -12.91 |
3:14 PM
Earnings Alert | Sun Pharma Q1 result
-- Net profit at Rs 1,387.5 crore
-- Revenue at Rs 8,374.4 crore
-- EBITDA at Rs 1,996 crore
-- Revenue at Rs 8,374.4 crore
-- EBITDA at Rs 1,996 crore
3:11 PM
MARKET CHECK | Nifty Bank tanks 2.3% or 670 points
2:57 PM
Market check | Sensex slips 600 pts
2:56 PM
NEWS ALERT | Amazon said to near deal for up to 10% stake in Future Retail: Agencies
-- Co said to seek Rs 2,000 cr from Amazon for stake sale
2:55 PM
Market check | Sensex breaches 37,000-mark
2:53 PM
Earnings Alert | Dr Lal Path Labs Q1 result
-- Net profit at Rs 59 crore
-- Revenue at Rs 335 crore
-- Revenue at Rs 335 crore
2:50 PM
Market check
2:49 PM
Market check | Sensex sheds 500 pts
2:34 PM
Market check | Sensex slips over 400 pts
Topics : Markets MARKET WRAP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 13 2019 | 7:16 AM IST