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Markets end lower for 5th straight session, Nifty below 9,900; realty drags

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SI Reporter  |  New Delhi 

The benchmark indices extended losses for the fifth straight session on Monday with both Sensex and Nifty ending nearly 1% lower for the day, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro and HDFC Bank dragging down the indices. Sentiment was also cautious ahead of the September F&O expiry due later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.35%, while Chinese stocks remained shaky following the Federal Reserve’s hawkish policy stance and S&P’s downgrade of China’s sovereign rating last ...

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Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Market rundown by Vinod Nair, Head of Research of Geojit Financial Services     Outflow of foreign funds due to the concern on gap between high valuation & earnings growth and FEDs stance to trim their balance sheet impacted the market sentiment. Investors are also looking forward for the announcement of stimulus package by PM later today while at the same time concern on fiscal slippage influenced profit booking.

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Metal stocks melt Metal stocks cracked in today's trade dragged by losses in JSW Steel, JSPL, MOIL, NALCO, SAIL and Tata Steel, down between 1.8-4.3%

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Nifty Bank extended losses for the third straight session. The index pared some losses but ended the session nearly 1% lower Source: NSE

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Sectoral Trend Source: NSE

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Top gainers and losers on BSE Sensex Source: BSE

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Broader Markets The broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap down 1% and 2% respectively

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Markets at close Benchmark indices extended losses for the fifth straight session on Monday with both Sensex and Nifty ending nearly 1% lower for the day, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro and HDFC Bank dragging down the indices. The S&P BSE Sensex settled the day at 31,626, down 295 points while the broader Nifty50 ended the day at 9,872, down 91 points

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Jaiprakash Associates to raise Rs 2,000 crore Jaypee group's flagship company Jaiprakash Associates today said its shareholders have approved the proposal to raise up to Rs 2,000 crore through sale of securities.   The special resolution was approved by the shareholders at the company's annual general meeting held on September 23.   Crisis-hit Jaiprakash Associates had sought shareholders nod to raise up to Rs 2,000 crore through issue of securities via routes like qualified institutional placement (QIP).   In a BSE filing, the company said the proposal was approved by the shareholders as over 85 per cent of votes were polled in favour.

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Buzzing Stock Deepak Fertilisers and Petrochemicals rose 2.93% to Rs 376.40 on BSE after the company said it will set up an Iso Propyl Alcohol plant at Taloja with an investment of Rs 450 crore.

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

RBI spurns investors asking for higher yields   Of the bonds worth Rs 15,000 crore on offer to investors, the Reserve Bank of India (RBI) on Friday did not sell Rs 4,755.5 crore of those because of apprehensions on their part.    Investors are asking for higher yields because they fear fiscal conditions might deteriorate and more bonds might come in.   Of the bonds worth Rs 4,755.5 crore, the RBI did not sell Rs 3,840 crore of those maturing in 2031 and Rs 915.50 crore of the ones maturing in 2022. READ MORE

Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Novartis dips Novartis India slipped 8% to Rs 626 on BSE in the noon deals after the share buyback price announced by the pharmaceutical company disappointed the investors.   The company announced that its board has approved the buyback of 3.45 million equity shares representing 12.26% of the total paid-up equity share capital at a price of Rs 670 per share. The buyback price is 2% lower to its Friday’s closing of Rs 683 on BSE.   The buyback will be done on a proportionate basis through the tender offer and will cost Novartis India nearly Rs 231 crore.  The promoters also intend to participate in the proposed buyback offer. READ MORE

First Published: Mon, September 25 2017. 15:30 IST
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Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Catch all that happened in the market here

The benchmark indices extended losses for the fifth straight session on Monday with both Sensex and Nifty ending nearly 1% lower for the day, tracking weakness in Asian peers, with index heavyweights Larsen & Toubro and HDFC Bank dragging down the indices. Sentiment was also cautious ahead of the September F&O expiry due later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.35%, while Chinese stocks remained shaky following the Federal Reserve’s hawkish policy stance and S&P’s downgrade of China’s sovereign rating last ...

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