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Markets settle near day's low; Sensex down 216 points, Nifty ends at 9,908

All that happened in today's trade

SI Reporter  |  New Delhi 

The market extended losses for the third straight session on Wednesday, dragged down by banking and pharma stocks, while negative trend in global markets after tensions escalated on the Korean peninsula, also contributed to the losses.  Asian and European markets along with US stock futures slipped after Pyongyang said it is considering plans to attack Guam, just hours after US President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury." The benchmark indices have hit multiple records highs this year on ...

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Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Anand James, Chief Market Strategist, Geojit Financial Services   Likelihood of Sebi letting its hook off a few companies from the shell company notification gave brief respite to the sell off, but geo political tension continued to keep risk appetite under check. The rise of VIX, a measure of volatility, above 13 also looks to have prompted investors to take money off the table.

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Tata Motors Q1 earnings Tata Motors reported June quarter earnings below Street expectations. The auto major's consolidated net profit grew 41.5% to Rs 3,199 crore against Rs 2,260 crore reported in the same quarter of previous fiscal year. Its consolidated revenues slipped 9.3% to come in at Rs 58,493 crore against Rs 65,003 crore posted in Q1FY16. The stock settled at Rs 416, down 3% on the BSE. 

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Top Sensex gainers and losers  Source: BSE

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Sectoral trend All sectoral indices settled in red. Nifty Pharma (down 4%) shed the most.  Source: NSE

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Market breadth   The broad market depicted weakness. There were more than three losers against every gainer on BSE. 1,976 shares declined and 604 shares rose. A total of 114 shares were unchanged.

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Broader markets underperform The BSE Midcap shed 1.6%, while the BSE Smallcap lost 1.8%. 

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Markets at close The Sensex settled at 31,797, down 216 points, while the broader Nifty50 ended at 9,908, down 70 points. The 50-share Nifty had slipped below its crucial 9,900 in the last leg of the trade. 

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Inflation seen picking up   Retail inflation is expected to have picked up slightly in July after cooling in the previous three months, a Reuters poll showed, but likely remained well below the central bank's 4% medium-term target. READ MORE 

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Volatility index India VIX was trading over 4% higher at 13.  Source: NSE

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

Markets check At 3:00 pm, the Sensex was trading at 31,882, down 132 points, while the broader Nifty50 was ruling at 9,932, down 45 points.

Markets settle near days low; Sensex down 216 points, Nifty ends at 9,908

European markets   European markets opened lower as geopolitical concerns restrained investor sentiments. FTSE 100 index was trading at 7,498 levels, lower by 43.76 points, CAC 40 index was at 5,175 levels, down by 42.99 points, while the German DAX was at 12,206 levels, down by 85.62 points, while, the pan-European Stoxx 600 was down by 0.05%.

First Published: Wed, August 09 2017. 15:34 IST
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Markets settle near day's low; Sensex down 216 points, Nifty ends at 9,908

All that happened in today's trade

The market extended losses for the third straight session on Wednesday, dragged down by banking and pharma stocks, while negative trend in global markets after tensions escalated on the Korean peninsula, also contributed to the losses.  Asian and European markets along with US stock futures slipped after Pyongyang said it is considering plans to attack Guam, just hours after US President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury." The benchmark indices have hit multiple records highs this year on ...

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