Markets end lower for 5th straight session, Nifty below 9,900; realty drags
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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.
Investors remianed jittery as they expect government to tinker with its fiscal deficit target for FY18 by announcing an economic stimulus to revive the economy.
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 week.
Investors remianed jittery as they expect government to tinker with its fiscal deficit target for FY18 by announcing an economic stimulus to revive the economy.
Prime Minister Narendra Modi might announce a package later today for power, housing and social welfare programmes to generate jobs and perk up demand. The package is being pegged at Rs 40,000-50,000 crore.
3:55 PM
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.
3:43 PM
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%
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%
3:40 PM
Nifty Bank extended losses for the third straight session. The index pared some losses but ended the session nearly 1% lower
Source: NSE
3:38 PM
Sectoral Trend
Source: NSE
3:36 PM
Top gainers and losers on BSE Sensex
Source: BSE
3:35 PM
Broader Markets
The broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap down 1% and 2% respectively
The broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap down 1% and 2% respectively
3:34 PM
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
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
3:24 PM
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.
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.
3:20 PM
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.
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.
3:14 PM
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
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First Published: Sep 25 2017 | 3:30 PM IST