MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%
Read all that happened in the markets on Tuesday
 "MARKETS LIVE, Nifty, Sensex, US, China, trade tensions, monsoon, F&O Expiry")
The markets pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.
The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.
Among sectoral indices, the Nifty FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits and Marico.
On Tuesday, the market capitalisation of Tata Motors fell below that of Bajaj Auto and Eicher Motors after a 10% decline in the share price of the company amid concerns over auto tariff threat by the US. The stock settled 4.4% lower at Rs 277 on the BSE.
The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.
Among sectoral indices, the Nifty FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits and Marico.
On Tuesday, the market capitalisation of Tata Motors fell below that of Bajaj Auto and Eicher Motors after a 10% decline in the share price of the company amid concerns over auto tariff threat by the US. The stock settled 4.4% lower at Rs 277 on the BSE.
GLOBAL MARKETS
World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety.
Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight.
Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight.
Besides the trade spat with China, the United States has recently upped the ante in a challenge to the European Union by threatening to impose tariffs on cars imported from the bloc.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.27 per cent. Hong Kong's Hang Seng retreated 0.2 per cent, the Shanghai Composite Index slid 0.8 per cent, and Japan's Nikkei was down 0.1 per cent after trimming most of its earlier losses.
(with Reuters inputs)
4:03 PM
MARKET COMMENT Jayant Manglik, President, Religare Broking
The escalating global trade tensions between US and other major economies could keep the Indian markets choppy and volatile in the coming sessions. The progress of monsoon and movement of crude oil prices & currency (INR vs USD) will also be closely monitored by the market participants. Investors’ focus should remain on quality stocks with strong financials and bright prospects. However, traders should remain cautious and strictly hedge their positions
The escalating global trade tensions between US and other major economies could keep the Indian markets choppy and volatile in the coming sessions. The progress of monsoon and movement of crude oil prices & currency (INR vs USD) will also be closely monitored by the market participants. Investors’ focus should remain on quality stocks with strong financials and bright prospects. However, traders should remain cautious and strictly hedge their positions
3:49 PM
Nifty FMCG index ended 1.04% higher. Top gainers:
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) |
| GLAXOSMITH C H L | 6308.55 | 6061.95 | 246.60 | 4.07 |
| UNITED SPIRITS | 701.10 | 674.05 | 27.05 | 4.01 |
| MARICO | 340.80 | 331.20 | 9.60 | 2.90 |
| GODREJ CONSUMER | 1191.25 | 1160.45 | 30.80 | 2.65 |
| BRITANNIA INDS. | 6050.10 | 5977.40 | 72.70 | 1.22 |
3:47 PM
Nifty sectoral gainers and losers
3:44 PM
BSE Sensex: Coal India top gainer of the day, Tata Motors, RIL among top losers
3:33 PM
Market at close
The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.
3:23 PM
Tata Motors' market-cap falls below that of Bajaj Auto, Eicher Motors
Tata Motors market capitalisation (market-cap) has fallen below that of Bajaj Auto and Eicher Motors after a 10% decline in the market price of the company amid concerns over auto tariff threat by the US. READ MORE
3:16 PM
NEWS ALERT Shriram Transport to raise Rs 5,000 crore via NCD
Shriram Transport Finance Company Limited, one of the largest asset financing NBFC in the country, with a primary focus on financing pre-owned commercial vehicles is proposing a public issue of Rs 5,000 crores by issuing 5,00,00,000 (five crore) Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each.
Shriram Transport Finance Company Limited, one of the largest asset financing NBFC in the country, with a primary focus on financing pre-owned commercial vehicles is proposing a public issue of Rs 5,000 crores by issuing 5,00,00,000 (five crore) Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each.
Through Tranch 1 Prospectus dated June 25, 2018 the company is offering to public for subscription 5,00,00,000 (five crore only) NCDs of face value of Rs. 1,000 each aggregating to Rs.5,000 crore with a Base Issue consisting of 1,00,00,000 (one crore) NCDs of face values of Rs.1,000 each aggregating to Rs.1,000 crore with an option to retain over-subscription upto the Shelf Limit of Rs.5,000 crore.
The issue will open on June 27, 2018 and close on July 20, 2018, with an option of early closure, subject to the Base Issue size being fully subscribed prior to such early closure and/or extension
(News source: Company release)
(News source: Company release)
3:11 PM
JMC Projects surges 10% on orders win worth Rs 19.66 billion
Shares of JMC Projects (India) have moved higher by 10% to Rs 579 per share on the BSE in intra-day trade after the company said it has secured new orders worth Rs 19.66 billion. READ MORE
3:00 PM
A reviving two-wheeler mkt is shaping the fortune of this component maker
Fifty-six-year-old businessman Anurang Jain is focused on growing his company's profit at a faster pace to revenue. In the last five consecutive years, auto component maker Endurance Technologies has delivered Jain's expectation. No wonder that the firm has created Rs 90 billion in wealth for shareholders in last twenty months after the listing. READ MORE
2:45 PM
Top Nifty50 gainers
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| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) | VOLUME |
|---|---|---|---|---|---|
| COAL INDIA | 265.50 | 259.00 | 6.50 | 2.51 | 8873543 |
| ULTRATECH CEM. | 3845.40 | 3752.00 | 93.40 | 2.49 | 457971 |
| GRASIM INDS | 1029.85 | 1006.55 | 23.30 | 2.31 | 589779 |
| HINDALCO INDS. | 222.90 | 218.40 | 4.50 | 2.06 | 6836890 |
| BHARTI AIRTEL | 381.40 | 374.15 | 7.25 | 1.94 | 3131424 |
Click here for more
2:30 PM
Videocon, Gitanjali Gems among 430 stocks trading below their face value
A sharp correction in small-cap stocks over the past few months has pushed 430 actively traded stocks on the Bombay Stock Exchange (BSE) below their respective face value, as compared to 336 scrips at the beginning of calendar year 2018 (CY18).
Gitanjali Gems, Videocon Industries, Jai Balaji Industries, GTL, Orchid Pharma, IVRCL, Jaypee Infratech, PBA Infrastructure, Gammon Infrastructure Project, Tantia Constructions, ABG Shipyard, Shilpi Cable Technologies, Hindustan Dorr-Oliver, Andhra Cements, Burnpur Cement and Tree House Education are some of the prominent stocks quoting below their respective face value. READ MORE
2:15 PM
MUST READ Hedge funds allege $1.5 bn fraud by Indian real estate firm IREO Management
Two high-profile hedge funds accused one of India’s biggest real estate developers of defrauding its foreign investors out of as much as $1.5 billion, potentially one of the largest private equity scams ever.
IREO Management engaged in a billion-dollar criminal conspiracy involving shadow companies, dumped documents and “astonishing theft,” according to Axon Capital and Christopher Hohn’s Children’s Investment Fund Foundation. READ MORE
1:59 PM
Market Check
| S&P BSE Sensex | 35,515.26 | 0.13% | |
| Nifty 50 | 10,759.60 | -0.03% | |
| S&P BSE 200 | 4,644.16 | 0.12% | |
| Nifty 500 | 9,226.10 | -0.09% | |
| S&P BSE Mid-Cap | 15,682.22 | -0.20% | |
| S&P BSE Small-Cap | 16,309.21 | -0.51% | |
1:46 PM
Time value of money
The core idea behind ‘time value of money’ is that, a rupee ‘today’ can earn and grow with time. That is why a rupee today, is worth more than a rupee in the future. This is based on potential earning capacities. READ MORE
1:30 PM
Tata Motors, Motherson Sumi, NBCC, BEL, Century Textiles hit 52-week low
Shares of Tata Motors, Motherson Sumi Systems, NBCC, Bharat Electronics (BEL), Century Textiles Industries, NHPC, NTPC, Rural Electrification Corporation (REC) and UPL were among 12 stocks from the S&P BSE 200 index that hit their respective 52-week lows on the BSE on Tuesday.
The public sector banks like Bank of Baroda, Bank of India and Union Bank from the index, too, touched 52-week lows in intra-day trade today. According to PTI report, top officials of 11 state-owned banks will appear before a parliamentary committee today to apprise its members of the bad loan issues and rising fraud cases in the banks. READ MORE
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First Published: Jun 26 2018 | 8:15 AM IST