Sensex ends marginally lower, Nifty below 10,350; PSU Banks, metals fall
All that happened in the market today
 "2017, the year of fewest market corrections")
Meanwhile, Citigroup revised their Sensex target upwards to 33,800 by March 2018 from an earlier target of 32,200.
Government’s measures on bank recapitalisation, infrastructure, and crop prices, coupled with domestic flows, would support India stocks, even as downgrades in earnings continue, Surendra Goyal, equity strategist in Citibank India, said in a note.
3:54 PM
Markets at close
Sensex (up 6%), Smallcap index (up 9%) recorded best ever performance since March 2016. In March 2016, Sensex and smallcap index were up 10% each.
However, BSE Midcap index gained 7.5% in October.
3:39 PM
Market rundown by Mr. Vinod Nair, Head of Research at Geojit Financial Services
"Market ended on a negative note after a volatile trade due to strong resistance around recent high and profit booking in PSU banks & metal stocks after the recent solid performance. The domestic macros remain positive supported by ample reforms & good Q2 results so far, while rising oil price in the global market and tomorrow’s FED policy influenced domestic market to take a wait & watch approach."
3:37 PM
Top Sectoral gainer: Nifty Realty
Source: NSE
3:36 PM
Nifty PSU bank index down nearly 2%
Source: NSE
3:34 PM
Top Sensex losers and gainers
Source: BSE
3:32 PM
Markets at close
Benchmark indices ended maginally lower on Tuesday, retreating from record highs hit in the previous session, as recent outperformers such as State Bank of India fell, while Infosys Ltd dropped after going ex-dividend.
The S&P BSE Sensex ended the day at 33,213, down 53 points while the broader Nifty50 index settled at 10,340, down 23 points
The S&P BSE Sensex ended the day at 33,213, down 53 points while the broader Nifty50 index settled at 10,340, down 23 points
3:19 PM
Bharti Infratel rebounds 5% from intraday low
Bharti Infratel moved higher by 3% to Rs 442, bouncing back 5% from its early morning low of Rs 419 on the BSE, after a huge block deal was executed on the counter. On Monday, the stock ended 3% higher at Rs 430.
About 5.78 million equity shares representing 0.31% of total equity of Bharti Infratel changed hands on the BSE, the exchange data showed.
3:11 PM
Tata Steel elevates T V Narendran as global CEO & MD
Tata Steel Ltd has promoted T V Narendran as chief executive officer and managing director globally, the company said on Tuesday.
Narendran, 52, a company veteran who joined the Tata ranks in 1988, was serving as managing director (India and South East Asia) for the past four years.
Tata Steel executed and commissioned the Kalinganagar steel plant during Narendran's tenure as managing director and also enhanced the plant's ability to serve higher value segments like steel for automobiles, the company said in an exchange filing.
3:01 PM
Market Check at 3 pm
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,247.21 | -18.95 | -0.06 |
| S&P BSE SENSEX 50 | 10,747.41 | -2.43 | -0.02 |
| S&P BSE SENSEX Next 50 | 35,990.63 | -92.16 | -0.26 |
| S&P BSE 100 | 10,792.12 | -6.61 | -0.06 |
| S&P BSE MidCap | 16,601.11 | +35.79 | +0.22 |
2:42 PM
Axis Bank up 9%
Axis Bank added over 9% intraday as investors bet positively on the developments surrounding share purchase talks.
According to a report in The Economic Times, Bain Capital was in talks with the lender to invest around $750 million to $1 billion, which could help it attrain 5% stake.
2:28 PM
IMF backs Saudi $500 billion mega-city project
The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the whole region.
Jihad Azour, head of the IMF's Middle East department, said Riyadh would need to balance the huge cost of the zone and other economic projects with its drive to cut a big state budget deficit caused by low oil prices.
2:10 PM
China's October factory growth slows on smog war, softer export orders
Growth in China's manufacturing sector cooled more than expected in October in the face of tighter pollution rules that are forcing many steel mills, smelters and factories to curtail production over the winter.
Growth in China's manufacturing sector cooled more than expected in October in the face of tighter pollution rules that are forcing many steel mills, smelters and factories to curtail production over the winter.
1:49 PM
BUZZING STOCKS
Shares of Network18 Media & Investments, Reliance Communications (RCom) and GVK Power & Infrastructure rallied by up to 16% on the BSE in intra-day trade on back of heavy volumes. The trading volumes on these counter more than doubled as compared to an average trading volumes in past two weeks, the BSE data shows. READ MORE
Shares of Network18 Media & Investments, Reliance Communications (RCom) and GVK Power & Infrastructure rallied by up to 16% on the BSE in intra-day trade on back of heavy volumes. The trading volumes on these counter more than doubled as compared to an average trading volumes in past two weeks, the BSE data shows. READ MORE
1:30 PM
Market Check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,253.00 | -13.16 | -0.04 |
| S&P BSE SENSEX 50 | 10,749.37 | -0.47 | 0.00 |
| S&P BSE SENSEX Next 50 | 35,910.29 | -172.50 | -0.48 |
| S&P BSE 100 | 10,789.84 | -8.89 | -0.08 |
| S&P BSE MidCap | 16,589.55 | +24.23 | +0.15 |
1:15 PM
RCom shares rise after new debt repayment plan
Shares in embattled wireless carrier Reliance Communications rose more than 10% after the company presented a new debt repayment plan to its lenders. READ MORE
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First Published: Oct 31 2017 | 3:30 PM IST
