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MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Benchmark indices fell on Wednesday pulled down by oil companies

SI Reporter  |  New Delhi 

Benchmark indices fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent. State-owned oil refiners as well as marketing companies, such as Indian Oil and Hindustan Petroleum, took a hit on worries that the government may ask them to share the burden of higher petrol and diesel prices. Retail fuel prices have surged on the back of a rally in crude oil, now hovering around $80 per barrel amid production cuts led by the Organization of ...

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MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Nifty Metal index cracks 3.74%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VEDANTA 252.65 269.95 -17.30 -6.41 TATA STEEL 540.05 576.80 -36.75 -6.37 JINDAL STEEL 226.15 240.35 -14.20 -5.91 S A I L 68.45 72.55 -4.10 -5.65 NATL. ALUMINIUM 70.60 73.45 -2.85 -3.88

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Top losers in BSE Oil and Gas COMPANY LATEST PREV CLOSE LOSS() LOSS(%) H P C L 286.00 312.10 -26.10 -8.36 B P C L 375.20 397.30 -22.10 -5.56 O N G C 175.20 184.30 -9.10 -4.94 I O C L 153.60 161.55 -7.95 -4.92 OIL INDIA 231.00 238.55 -7.55 -3.16

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Nifty sectoral losers of the day

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

BSE Sensex: SBI top gainer of the day; Tata Steel, ONGC among top losers

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Market at close   The S&P BSE Sensex ended at 34,345, down 306 points while the broader Nifty50 index settled at 10,430, down 106 points.

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Metal shares under pressure; Tata Steel, JSPL, Vedanta down over 5% Shares of metal companies were under pressure with Tata Steel, Jindal Steel and Power (JSPL) and Vedanta slipping more than 5% on the National Stock Exchange (NSE).   Steel Authority of India (SAIL), National Aluminium Company (Nalco), Hindustan Zinc, JSW Steel, Hindalco Industries and NMDC were down in the range of 1% to 4%. READ MORE

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Earnings Grasim Industries gained 1% after the company reported 18.3% jump in its Q4FY18 net profit at Rs 3.73 billion on the bank of strong revenue growth and operating performance. The profit included one-time loss of Rs 2.18 billion.     Revenue of the company was up 47.8%  at Rs 46.05 billion versus Rs 31.16 billion.

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Top BSE500 losers COMPANY PRICE() CHG() CHG(%) VOLUME H P C L 286.90 -25.20 -8.07 1233468 BALRAMPUR CHINI 68.40 -5.05 -6.88 684820 B P C L 373.10 -24.20 -6.09 555299 TATA STEEL 542.70 -34.50 -5.98 916361 CENTURY TEXTILES 946.05 -52.25 -5.23 576593 » More on Top Losers

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

L&T Technology gains 7% on healthy Q4 results   Shares of L&T Technology Services (LTTS) have rallied 7% to Rs 1,367 per share on the BSE in otherwise subdued market after the L&T Group company reported a higher than expected quarter-on-quarter (QoQ) revenue growth of 8% at $162 million in March 2018 quarter (Q4FY18).   “During the fourth quarter, growth was broad-based with healthy traction across all segments on sequential basis. LTTS won five multi-million dollar deals across process industry, telecom & hi-tech and transportation. On YoY basis, LTTS has increased its USD 40 million + annual billing clients by two, and its USD 10 million+ clients by three,” the company said in a press release. READ MORE

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Vedanta slips as protest against Sterlite turns violent in Tamil Nadu

MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Market Check   S&P BSE Sensex 34,504.83 -0.42%   Nifty 50 10,479.40 -0.54%   S&P BSE 200 4,547.41 -0.51%   Nifty 500 9,106.00 -0.43%   S&P BSE Mid-Cap 15,714.46 -0.15%   S&P BSE Small-Cap 17,063.56 0.04%

First Published: Wed, May 23 2018. 15:30 IST
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MARKET WRAP: Sensex down 306 pts, Nifty fails to hold 10,450; OMCs drag

Benchmark indices fell on Wednesday pulled down by oil companies

Benchmark indices fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent. State-owned oil refiners as well as marketing companies, such as Indian Oil and Hindustan Petroleum, took a hit on worries that the government may ask them to share the burden of higher petrol and diesel prices. Retail fuel prices have surged on the back of a rally in crude oil, now hovering around $80 per barrel amid production cuts led by the Organization of ...

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