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MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Benchmark indices declined on Thursday, dragged down by IT and pharma stocks

SI Reporter  |  New Delhi 

Benchmark indices declined on Thursday, dragged down by IT and pharma stocks, while caution prevailed as hopes waned for real progress in Sino-US trade talks due later in the day. Among sectoral indices, the Nifty IT index was over 1% down led by fall in the shares of HCL Technologies and MindTree. Shares of InterGlobe Aviation slumped nearly 20% during the day to hit their lowest in seven months and wiped out nearly Rs 101.13 billion ($1.52 billion) in market capitalisation after it posted a 73% plunge in profit on Wednesday. Going ahead, the investors will also be mindful of the ...

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MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services   "Market remained volatile throughout as US china talks rekindled fears of escalation of trade war. This meant that profit booking persisted, even in an otherwise buoyant IT sector, resigning Nifty to languish around the 10700 level. Expectation is that positive FOMC outcome and earnings positivity will seek to extend markets’ uptrend, but FII’s persistent remains a concern."

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Nifty IT index ends 2.04% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) HCL TECHNOLOGIES 925.70 1000.50 -74.80 -7.48 MINDTREE 1031.85 1051.65 -19.80 -1.88 WIPRO 271.45 275.55 -4.10 -1.49 TECH MAHINDRA 652.95 662.55 -9.60 -1.45 INFIBEAM INCORP. 162.85 164.85 -2.00 -1.21

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Nifty sectoral gainers and losers of the day

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

BSE Sensex: Sun Pharma, Tata Steel among top gainers of the day, Asian Paint among top loser

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Market at close   The S&P BSE Sensex ended at 35,103, down 73 points while the broader Nifty50 index settled at 10,680, down 38 points.

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Gold extends gains; all eyes on US-China trade talks Gold prices rose for a second session on Thursday after the U.S. Federal Reserve held interest rates steady as expected at the end of a two-day policy meeting, while investors awaited U.S.-China trade talks.   Spot gold rose 0.2 percent to $1,307.05 per ounce. U.S. gold futures for June delivery rose 0.2 percent to $1,307.60 per ounce. READ MORE  

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Bayer cuts full-year earnings guidance on strong euro Bayer said the pressure from a stronger euro on overseas revenues would translate into a decline in earnings this year, as it prepares to close its $62.5 billion takeover of U.S. seeds maker Monsanto this quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, are now set to decline by a low single-digit percentage rather than coming in flat as previously forecast, it said in a statement on Thursday. READ MORE

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Volume Toppers COMPANY PRICE() CHG() CHG(%) VOLUME PC JEWELLER 111.75 1.10 0.99 16818944 HIND.CONSTRUCT. 18.15 -5.20 -22.27 7094852 REL. COMM. 15.25 -0.80 -4.98 6117869 SPICEJET 122.95 -8.95 -6.79 4886062 JP ASSOCIATES 19.30 -0.35 -1.78 3243724

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

TeamLease Services hits record high; stock surges 50% in two months   Shares of TeamLease Services hit a record high of Rs 3,042 per share, up 12% on the BSE in otherwise subdued market. The stock surpassed its previous high of Rs 2,948 touched on April 25, 2018 in intra-day trade.   In past two months, the stock rallied 50% from Rs 2,033 after the Reserve Bank of India (RBI) raised the investment limit for foreign portfolio investors (FPIs) in the company to 75%. On comparison, the S&P Sensex was up 3.35% during the same period. READ MORE

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

PC Jeweller turns volatile on reports of CBI arresting its owner Shares of PC Jeweller have turned volatile gaining more than 30% from its intra-day low on the National Stock Exchange (NSE). The stock opened 9% lower at Rs 101, slipped 15% in intra-day deal to Rs 95, hitting fresh 52-week low. At around 11:32 am; it bounced back to Rs 127, up 34% from its intra-day low, the exchange data shows. READ MORE

MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Market Check   S&P BSE Sensex 35,161.68 -0.04%   Nifty 50 10,694.25 -0.22%   S&P BSE 200 4,681.20 -0.38%   Nifty 500 9,398.45 -0.49%   S&P BSE Mid-Cap 16,645.90 -1.00%   S&P BSE Small-Cap 18,048.14 -0.78%

First Published: Thu, May 03 2018. 15:34 IST
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MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Benchmark indices declined on Thursday, dragged down by IT and pharma stocks

Benchmark indices declined on Thursday, dragged down by IT and pharma stocks, while caution prevailed as hopes waned for real progress in Sino-US trade talks due later in the day. Among sectoral indices, the Nifty IT index was over 1% down led by fall in the shares of HCL Technologies and MindTree. Shares of InterGlobe Aviation slumped nearly 20% during the day to hit their lowest in seven months and wiped out nearly Rs 101.13 billion ($1.52 billion) in market capitalisation after it posted a 73% plunge in profit on Wednesday. Going ahead, the investors will also be mindful of the ...

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