F&O Expiry: Markets ends Dec series lower, Sensex down 298 pts; RIL dips 2%
All that happened in the markets today
 "Stock market")
Indian equity markets declined for the third straight session as investors adjusted their positions on expiry of Futures and options (F&O) contracts for the December series.
Banking counters, led by YES Bank, HDFC Bank, and Punjab National Bank, coupled with heavyweights like Reliance Industries, L&T, and Infosys dragged the benchmark S&P BSE Sensex 297.50 points or 0.72 per cent lower to 41,163.76 level. Bharti Airtel, RIL, L&T, and Sun Pharma slipped over 2 per cent, and were the top drags on the 30-share index. On the upside, ONGC, Tata Steel, Bajaj Finance, and NTPC gained between 1 and 2 per cent. On the NSE, the broader Nifty50 settled with 88 points, or 0.72 per cent, cut at 12,126.55-mark.
The Sensex and Nifty had hit an intra-day low of 41,139.63 and 12,118.85, respectively.
Sectorally, all the indices on the NSE, barring Nifty Metal index (up 0.58 per cent), closed the day in the negative territory. Nifty PSU Bank index was the worst performer of the day, down 1.46 per cent at close, followed by Nifty Pharma index (0.94 per cent), and Nifty Private bank and Bank indices (0.8 per cent each).
In the broader market, the mid-caps followed the frontline indices, with the S&P BSE mid-cap index down 0.16 per cent to 14,794.78- level by close. On the contrary, the S&P BSE small-cap index settled 0.41 per cent higher at 13,439.24.
GLOBAL CUES
Asian shares ended higher on Thursday with Japan's Nikkei index up 0.6 per cent, while South Korea's Kospi closed 0.36 per cent higher.
In the commodity market, oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply. Brent crude was up 28 cents, or 0.4 per cent, at $67.48 a barrel. West Texas Intermediate was up 25 cents, also a 0.4 per cent gain, at $61.36 a barrel.
(With inputs from Reuters)
In the commodity market, oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply. Brent crude was up 28 cents, or 0.4 per cent, at $67.48 a barrel. West Texas Intermediate was up 25 cents, also a 0.4 per cent gain, at $61.36 a barrel.
(With inputs from Reuters)
4:00 PM
Market Closing Comment :: Vinod Nair, Head of Research at Geojit Financial Services
Market started-off on a flat note during the holiday-shortened week. Consolidation, however, extended on account of F&O expiry led volatility and concern over the fiscal math of the government due to possible delay in divestments planned this fiscal. Global markets seem to be in comfort zone fuelled by hopes of easing trade tension, while the domestic market is expected to wait for cues from the budget
3:44 PM
Sectoral trends at NSE at close
3:43 PM
Top gainers and losers on S&P BSE Sensex at close
3:42 PM
Closing Bell
>> The benchmark S&P BSE Sensex slipped 297.50 points or 0.72 per cent to 41,163.76 level
>> On the NSE, the broader Nifty50 settled with 84.55 points, or 0.69 per cent, cut at 12,130-mark.
>> On the NSE, the broader Nifty50 settled with 84.55 points, or 0.69 per cent, cut at 12,130-mark.
3:25 PM
After a tough year, auto industry hopes for smooth drive from H2 2020
Society of Indian Automobile Manufacturers (SIAM) data shows from January to November 2019, total automobile sale was down by 13.8 per cent to 21,667,672 from 25,141,388 units, a year ago.
Commercial vehicle declined by 22.12 % between April-November 2019, followed by passenger vehicles (-17.98%), two-wheelers (-15.74%) and three-wheelers (-4.97%). The slowdown resulted in 13 per cent production cuts and job losses to the tune of over 250,000.
Slowdown in the economy, price increase, regulatory changes, change in ownership model, slowdown in infrastructure spending, change in axle load norms are the key reasons. READ MORE
3:08 PM
NEWS ALERT | Reliance Industries down for fourth straight day, down 5% in 4 days
>> Market-cap down by Rs 54,454 crore
2:56 PM
Market extends losses, at day's low now
2:46 PM
Mukesh Ambani's Reliance Retail valued at $34 billion in share swap
Share owners in Reliance Retail Ltd. can exchange four shares for one of its listed parent Reliance Industries Ltd., according to a so-called scheme of arrangement posted on the group’s website. With the parent’s latest market capitalization at 9.8 trillion rupees ($137 billion), the share swap values the subsidiary at 2.4 trillion rupees, according to Bloomberg’s calculation. READ MORE
2:37 PM
Heatmap: S&P BSE Sensex
2:37 PM
Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs
Manappuram Finance Ltd on Thursday said it plans to raise up to Rs 350 crore through issuance of non-convertible debentures on private placement basis.
The financial resources and management committee of the board of directors of the company on Thursday approved the issuance of rated, secured, redeemable non-convertible debentures having face value of Rs 10 lakh each for the amount of Rs 350 crores, Manappuram Finance said in a regulatory filing.
Furthermore, another meeting of the financial resources and management committee of the board of directors of the company will be held on December 31, to consider the proposed allotment for the said issue, the filing said.
2:28 PM
» More on 52 Week Low
BSE500 stocks that hit 52-week low today
| COMPANY | PRICE(rs) | 52 WK LOW | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| ALLAHABAD BANK | 18.55 | 18.55 | -0.15 | -0.80 |
| DISHMAN CARBOGEN | 79.25 | 71.00 | 7.15 | 9.92 |
| EIH | 138.00 | 137.80 | -3.05 | -2.16 |
| INDIAN BANK | 103.60 | 103.10 | -1.20 | -1.15 |
| TCNS CLOTHING | 590.00 | 590.00 | -17.30 | -2.85 |
2:19 PM
NEWS ALERT | CARE Ratings assigns 'AAA' rating to Can Fin Homes' NCDs worth Rs 8,300 cr: CNBC TV18
2:09 PM
Sensex can hit 49,000 mark in 2020, technical charts suggest
As calendar year 2019 (CY19) draws to a close, investors are preparing to usher in the New Year with cautious optimism amid hope of a recovery in economic growth aided by cut in interest rates by the Reserve Bank of India (RBI). Here’s how key indices look on the technical charts.
S&P BSE Sensex: The index formed a strong bottom around 36,000 levels, which should act as a turning point in calendar year 2020 (CY20) in case the markets correct. READ MORE
2:06 PM
MARKET CHECK | S&P BSE Oil & Gas index slides 0.85%
1:55 PM
Market at day's low
Topics : MARKET WRAP Markets
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First Published: Dec 26 2019 | 7:30 AM IST
