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MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Read all that happened in the markets on Tuesday

SI Reporter  |  New Delhi 

MARKETS LIVE, Nifty, Sensex, US, China, trade tensions, monsoon, F&O Expiry

The pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.

The S&P BSE ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.

Among sectoral indices, the 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 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 in 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.

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)

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Nifty sectoral gainers and losers

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

BSE Sensex: Coal India top gainer of the day, Tata Motors, RIL among top losers

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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.

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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.    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)

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Top Nifty50 gainers 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

MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

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

First Published: Tue, June 26 2018. 08:15 IST
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MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Read all that happened in the markets on Tuesday

The pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.

The S&P BSE ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.

Among sectoral indices, the 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 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 in 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.

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)

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