Nifty settles December F&O expiry below 10500, Sensex ends marginally lower
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Rupee, NPS, National Pension System
Benchmark indices ended marginally lower on Thursday on expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta rose tracking global commodity prices.
The Centre, on Wedensday, said that it looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal deficit target of 3.2% of the gross domestic product (GDP) for the first time in four years.
At the same time, the government lowered its borrowing through short-term treasury bills by Rs 61,203 crore. This has made the task of exactly calculating the fiscal deficit a bit tedious exercise.
That sent the yield on the benchmark 10-year bond up as much as 11 basis points to a 17-month high, though the reaction in shares was more muted.
Caution also set in ahead of the expiry of futures and options contracts at the end of the session.
3:44 PM
Top Sectoral gainer: Nifty Realty
Source: NSE
3:43 PM
Sectoral trend
Source: NSE
3:40 PM
Top Sensex gainers and losers
Source: BSE
3:38 PM
Broader Markets
Among broader markets, BSE Midcap and BSE Smacap indices ended 0.1% and 0.3% higher
Among broader markets, BSE Midcap and BSE Smacap indices ended 0.1% and 0.3% higher
3:37 PM
Markets at Close
The S&P BSE Sensex ended the day at 33,848, down 63 points while the broader Nifty50 index settled at 10,477, down 12 points
Benchmark indices ended marginally lower on Thursday on expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta rose tracking global commodity prices.
The S&P BSE Sensex ended the day at 33,848, down 63 points while the broader Nifty50 index settled at 10,477, down 12 points
3:23 PM
Stake Buy
Steel Strips Wheels said Kalink Company had acquired 13,015 equity shares of the company during the quarter ended December 31, 2017 through open market under foreign portfolio investment. The date of purchase of shares was November 30.
Steel Strips Wheels said Kalink Company had acquired 13,015 equity shares of the company during the quarter ended December 31, 2017 through open market under foreign portfolio investment. The date of purchase of shares was November 30.
Kalink is also holding 2,09,525 equity shares in the company, which had been subscribed under foreign direct investment on June 10, 2016.
3:15 PM
Buzzing stock
Monnet Ispat shares jumped nearly 13% intraday after a media report indicated that Aion Capital and JSW Steel submitted a Rs 3,500-crore resolution plan.
Monnet Ispat shares jumped nearly 13% intraday after a media report indicated that Aion Capital and JSW Steel submitted a Rs 3,500-crore resolution plan.
Monnet Ispat, which has debt worth more than Rs 10,000 crore, is among the first 12 cases identified by the Reserve Bank of India under insolvency and bankruptcy code.
3:06 PM
TCS faces class-action suit in US over alleged anti-American bias
Information technology (IT) services major Tata Consultancy Services Ltd (TCS) is facing a legal trial in the US over claims of its alleged biased against American workers, Bloomberg reported on Thursday.
According to the report, TCS' request to dismiss a 2015 lawsuit that accused it of violating anti-discrimination laws by favouring South Asians was rejected by a federal judge in California. Further, in an additional setback for the company, on behalf of American workers who lost their jobs at TCS offices in the US, the federal judge expanded the case into a class-action suit, the report added. READ MORE
2:54 PM
Buzzing in trade
Nahar Capital & Financial Services fell 7.44% to Rs 204 on BSE on profit booking after a recent rally.
On the BSE, 44,000 shares were traded in the counter so far, compared with average daily volumes of 48,000 shares in the past two weeks. The stock had hit a high of Rs 227 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 200.55 so far during the day. The stock hit a 52-week low of Rs 88.65 on 5 January 2017.
2:30 PM
RCom rally continues
Reliance Communications surged 16 percent now, taking total three consecutive days' gains to more than 105%. The rally is after Anil Dhirubhai Ambani announced mega debt restructuring plan for the company that has debt of Rs 45,000 crore.
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First Published: Dec 28 2017 | 3:34 PM IST