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MARKET WRAP: Sensex trims losses, ends 362 pts lower; Nifty ends at 11,360

All that happened in markets today.

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)
After tumbling around 2 per cent in the intra-day deals, the benchmark indices staged smart recovery in the fag-end of the session but still settled with nearly a per cent losses. 

The S&P BSE Sensex ended at 38,305.41, down 362 points or 0.94 per cent. The index recovered 376 points from day's low. YES Bank (down 23 per cent) emerged as the biggest drag on the index while HDFC Bank (up nearly 2 per cent) was the top performer. Out of 30 components, 23 ended in the red and rest seven advanced. 

In the broader market, the S&P BSE MidCap index lost 218 points or 1.54 per cent to end at 13,886.42 levels while the S&P BSE SmallCap index ended at 12,959, down 212 points or 1.61 per cent. 

MUST READ: Why Sensex tumbled over 700 pts in intra-day trade on Tuesday

On the NSE, the benchmark Nifty50 index ended at 11,359.90, down 115 points or 1 per cent. 

Volatility index India VIX rose 5.22 per cent to settle at 16.70 levels. 

On the sectoral front, all the indices on the NSE ended in the red. Media counters bled the most, followed by realty, PSU banks and metal stocks. The Nifty Media index ended at 1,722.15 levels, down 77.85 points or 4.32 per cent.

BUZZING STOCKS

Shares of rate sensitive sectors like banking, real estate and automobile companies came under heavy selling pressure on Tuesday, falling by up to 30 per cent on the National Stock Exchange (NSE). READ MORE

Shares of Bharat Petroleum Corporation (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (Concor) rallied up to 14 per cent on the BSE in the intra-day deals  after group of secretaries cleared disinvestment proposal of these public sector companies. READ MORE  

GLOBAL MARKETS

Emerging market stocks held steady on Tuesday as weak business readings from major economies amid uncertainty related to trade ties between the United States and China kept investors in a cautious mood, while Turkey’s lira led a slide among currencies. MSCI’s index of developing world stocks traded flat to lower with stocks in India, South Africa and Turkey drifting down. in China and Hong Kong were closed for a public holiday.

In commodities, oil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains.

(With inputs from Reuters)

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