Nifty ends Nov expiry below 10250, Sensex down 453 pts on fiscal deficit
All that happened in the market today
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Source: BSE
The benchmark indices ended lower with the Nifty50 settling below 10,250 and Sensex down over 450 points, the biggest single day fall in 2 months in Thursday's session after Apr-Oct fiscal deficit was reported at Rs 5.25 lakh crore, 96.1% of FY18 budget target.
Apr-Oct spending was at Rs 12.92 lakh cr vs Rs 11.50 lakh cr (YoY), while the Apr-Oct receipts at Rs 7.67 lakh cr vs Rs 7.27 lakh cr (YoY)
Investors also remained cautious ahead of the derivatives expiry of November series and September quarter GDP data due today. Negative trend seen in Asian markets after a plunge in high-flying technology shares also hurt sentiment.
Apr-Oct spending was at Rs 12.92 lakh cr vs Rs 11.50 lakh cr (YoY), while the Apr-Oct receipts at Rs 7.67 lakh cr vs Rs 7.27 lakh cr (YoY)
Investors also remained cautious ahead of the derivatives expiry of November series and September quarter GDP data due today. Negative trend seen in Asian markets after a plunge in high-flying technology shares also hurt sentiment.
Meanwhile, economic growth pace is expected to have picked up in Q2, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax.
A Reuters poll of 52 economists over the past week showed gross domestic product growth likely rose to 6.4% from a year ago in the July-September quarter, from 5.7% in the previous period.
3:42 PM
Asia Check
Asian shares fell on Thursday, weighed down by a plunge in high-flying tech shares on fears that a long boom in micro-chips may have peaked, while virtual currency bitcoin steadied after a roller-coaster ride in the previous session.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.3%, with technology bellwether Samsung Electronics falling 4.3% to two-month lows and Taiwan’s TSMC down 3.6%.
Japan's Nikkei reversed early losses to end 0.6% higher, though the country's electronic machinery makers index was down 1.5%.
3:40 PM
Top Sectoral loser
Source: NSE
3:38 PM
Sectoral Trend
Source: NSE
3:37 PM
Top gainers and losers on BSE Sensex
Source: BSE
3:35 PM
Broader Markets
In broader makrets, the BSE midcap saw the biggest single ay fall in 2 weeks, ending 0.6% lower, While the BSE Smallcap index was a little changed.
In broader makrets, the BSE midcap saw the biggest single ay fall in 2 weeks, ending 0.6% lower, While the BSE Smallcap index was a little changed.
3:34 PM
Markets at Close
Benchmark indices ended lower with the Nifty50 settling below 10,250 and Sensex down over 450 points, the biggest single day fall in 2 months in Thursday's session after Apr-Oct fiscal deficit was reported at Rs 5.25 lakh crore, 96.1% of FY18 budget target.
The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points.
Benchmark indices ended lower with the Nifty50 settling below 10,250 and Sensex down over 450 points, the biggest single day fall in 2 months in Thursday's session after Apr-Oct fiscal deficit was reported at Rs 5.25 lakh crore, 96.1% of FY18 budget target.
The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points.
3:20 PM
India's Power Fin Corp lists its first green bond on LSE in two decades
India's Power Finance Corporation (PFC) has listed its first international bond in almost two decades on the London Stock Exchange to fund renewable energy projects in the country.
The 10-year dated green bond raised $400 million, paying a 3.75 per cent semi-annual coupon and listed on London Stock Exchange's new International Securities Market (ISM) this week.
"The funds raised will help promote renewable energy projects across the country and aid in achieving the government's target of 175GW of installed renewable energy capacity by 2022," said PFC chairman Rajeev Sharma. READ MORE
3:11 PM
Interview of the day
Expect 10-12% rise for Sensex, Nifty in the next one year: Sundaram AMC CEO
With the benchmark indices gaining around 26 per cent so far this calendar year (CY17), Sundaram Asset Management Chief Executive Sunil Subramaniam, sayd that fund managers would find it tough to beat the market going ahead, as they would have more challenges to address. He expects a 15-20 per cent growth in the assets under management (AUM) for the industry over the next five years.
3:01 PM
Buzzing in tarde
IL&FS gained over 6% intraday as investors bet on an award going in the company’s favour.
The company's subsidiary, Pune Sholapur Road Development Company (PSRDC) had invoked arbitration against National Highways Authority of India with respect to development, maintenance, and management of a highway in Maharashtra.
2:46 PM
Fiscal Deficit data
Apr-Oct capital spend at Rs 1.62 lk cr vs Rs 1.25 lk cr YoY
Apr-Oct revenue spend at Rs 11.30 lakh cr vs Rs 10.26 lk cr YoY
Apr-Oct tax mop up at Rs 9.73 lk cr vs Rs 8.18 lk cr YoY
2:40 PM
Fiscal Deficit data
Apr-Oct fiscal deficit at 96.1% of Rs 5.465 lakh cr FY18 Budget target; Apr-Oct revenue gap at Rs 4.01 lakh cr vs Rs 3.27 lakh cr YoY
Apr-Oct fiscal deficit at 96.1% of Rs 5.465 lakh cr FY18 Budget target; Apr-Oct revenue gap at Rs 4.01 lakh cr vs Rs 3.27 lakh cr YoY
2:33 PM
Fiscal Deficit
Apr-Oct fiscal deficit at RS 5.25 lakh crore
Apr-Oct fiscal deficit at RS 5.25 lakh crore
2:29 PM
Market Check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,431.77 | -170.99 | -0.51 |
| S&P BSE SENSEX 50 | 10,759.15 | -46.92 | -0.43 |
| S&P BSE SENSEX Next 50 | 35,754.50 | -68.61 | -0.19 |
| S&P BSE 100 | 10,790.34 | -42.78 | -0.39 |
| S&P BSE Bharat 22 Index | 3,727.98 | -10.96 | -0.29 |
2:21 PM
Tribhovandas Bhimji Zaveri dips 16% on disappointing Q2 results
Tribhovandas Bhimji Zaveri (TBZ) dipped 16% to Rs 116 on the BSE after the company reported 90% fall in its standalone net profit at Rs 80 lakh in September quarter (Q2FY18), due to poor operational performance. It had profit of Rs 7.89 crore in the same quarter last fiscal.
Total income from operations declined 27% to Rs 326 crore in Q2FY18 against Rs 447 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, taxes, depreciation and amortization) margin down to 5.29% in Q2FY18 from 3.66% in Q2FY17. READ MORE
2:05 PM
Indian banks 2nd only to Chinese counterparts in exposure to risks: Moody's
Indian banks' exposure to risks has risen and is now second only to those in China in the Asia-Pacific (APAC) region due to large loans given to businesses having poor repayment capacity, ratings agency Moody's Investors Services has reportedly said.
According to a LiveMint report published on Thursday, the Moody's report said that while India's overall credit penetration remained low, its banks' exposure to corporate borrowers that have poor debt servicing capacity has increased the risks of defaults.
Further, the financial daily said while citing the agency's report, while in India, private sector credit as a percentage of the gross domestic product was the third lowest in the region, a significant part of it was owed by businesses that have poor repayment capacity. Private sector credit also includes debt owed by the private non-financial sector and households. READ MORE
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First Published: Nov 30 2017 | 3:30 PM IST
