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MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

In individual stocks, banking shares such as HDFC Bank, State Bank of India (SBI), IndusInd Bank and ICICI Bank fell in the range of 1 per cent to 3.3 per cent.

SI Reporter  |  New Delhi 

The benchmark indices settled lower on Tuesday amid a weakening rupee, which fell to its fresh record low for the third straight session earlier in the day. The S&P BSE Sensex ended at 38,158, down 155 points while the broader Nifty50 index settled at 11,520, down 62 points. The Indian currency slipped to a new record low of 71.50 per dollar in intra-day trade. It has declined 3.3 per cent in August and over 10 per cent so far in year-to-date, to emerge as the worst-performing currency in Asia. In individual stocks, banking shares such as HDFC Bank, State ...

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MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Nifty IT index ends 2.06% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HCL TECHNOLOGIES 1077.60 1049.15 28.45 2.71 TECH MAHINDRA 764.55 745.65 18.90 2.53 TCS 2099.75 2052.90 46.85 2.28 INFOSYS 732.30 717.13 15.17 2.12 MINDTREE 1121.10 1100.55 20.55 1.87

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Nifty sectoral losers of the day

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

BSE Sensex: Asian Paints, SBI, HUL among top losers of the day, Infosys, TCS top gainers

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Market at close The S&P BSE Sensex ended at 38,158, down 155 points while the broader Nifty50 index settled at 11,520, down 62 points.

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Overseas investor eyes investment in Anil Ambani's Reliance Home Finance An overseas institutional investor is in talks with Anil Ambani controlled Reliance Home Finance Ltd (RFHL) for potential equity investment in the mortgage lender.   The company did not specify if the investment was fresh infusion of capital or monetization of part of existing stake held by investors, including promoter entity. READ MORE

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Falling rupee to keep base metals costlier in India despite global lull Base metals prices are likely to remain under pressure in coming weeks due to a strengthening dollar and the negative impact on the global economy, following the ongoing trade war between the United States and China. READ MORE

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Project pipeline and demand to drive JSW Steel growth; stock gains JSW Steel (JSW), one of India’s largest steel makers, scaled fresh all-time high of Rs 408.65 last week. The recent rise is driven by the company’s inclusion in the Nifty50 index, boosting Street sentiment and pushing fund managers to add the stock to their portfolios. READ MORE

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

NEWS ALERT Rupee slips to fresh low of 71.41 per dollar

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Preposterous to claim $75 billion FPI funds will move out of India: Sebi With a lobby of FPIs trying hard to get the proposed changes to KYC norms withdrawn, market regulator Sebi Tuesday said it is "preposterous and highly irresponsible" to claim that $75 billion will move out of India because of the regulatory move.   Some foreign portfolio investors (FPIs) are believed to have earlier expressed concerns over the proposed changes in rules, for which Sebi has already granted more time. READ MORE

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

LIC may seek Sebi exemption for open offer to IDBI Bank shareholders Department of Economic Affairs Secretary Subhash Chandra Garg on Tuesday hinted that the Life Insurance Corporation (LIC) may seek regulatory exemption from making an open offer to minority shareholders of state-owned IDBI Bank. READ MORE

MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,251.48 -61.04 -0.16   S&P BSE SENSEX 50 12,090.90 -41.87 -0.35   S&P BSE SENSEX Next 50 34,528.95 -830.22 -2.35   S&P BSE 100 11,842.39 -77.66 -0.65   S&P BSE Bharat 22 Index 3,671.30 -38.73 -1.04

First Published: Tue, September 04 2018. 08:15 IST
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MARKET WRAP: Indices settle lower on weak rupee; TCS m-cap at Rs 8 trillion

In individual stocks, banking shares such as HDFC Bank, State Bank of India (SBI), IndusInd Bank and ICICI Bank fell in the range of 1 per cent to 3.3 per cent.

The benchmark indices settled lower on Tuesday amid a weakening rupee, which fell to its fresh record low for the third straight session earlier in the day. The S&P BSE Sensex ended at 38,158, down 155 points while the broader Nifty50 index settled at 11,520, down 62 points. The Indian currency slipped to a new record low of 71.50 per dollar in intra-day trade. It has declined 3.3 per cent in August and over 10 per cent so far in year-to-date, to emerge as the worst-performing currency in Asia. In individual stocks, banking shares such as HDFC Bank, State ...

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