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MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled 1.8 per cent lower at Rs 1,294 level on the BSE.

SI Reporter  |  New Delhi 

The benchmark indices ended lower ahead of the August F&O expiry due on Thursday, as the Rupee hit a record low of 70.51 against the US dollar. The S&P BSE Sensex ended at 38,723, down 174 points while the broader Nifty50 index settled at 11,692, down 47 points. Among sectoral indices, the Nifty IT index ended 0.37 per cent lower weighed by a fall in Infosys and Tata Elxsi. The Nifty Bank index, too, slipped 0.16 per cent due to fall in IndusInd Bank and Yes Bank. In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled ...

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MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Nifty IT index ends 0.37% lower. Top loser: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) TATA ELXSI 1395.30 1417.60 -22.30 -1.57 INFOSYS 1409.10 1424.70 -15.60 -1.09 INFIBEAM AVENUES 232.40 234.75 -2.35 -1.00 HCL TECHNOLOGIES 1032.75 1040.75 -8.00 -0.77 TECH MAHINDRA 733.65 736.10 -2.45 -0.33

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Nifty sectoral gainers and losers of the day

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

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

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Market at close The S&P BSE Sensex ended at 38,723., down 174 points while the broader Nifty50 index settled at 11,692, down 47 points.

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

99.3% of demonetised notes are back; Rs 15.31 trillion returned, says RBI As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that was banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.   Of the Rs 15.41 trillion worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 trillion have been returned. READ MORE

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Prepare a list of the public sector banks that can be merged: Govt asks RBI The government has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said.   In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isn’t public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight, they said. READ MORE

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Relief for Mistry as NCLAT admits plea against his removal from Tata Sons The National Company Law Appellate Tribunal (NCLAT) today admitted a petition moved by ousted Tata Sons Chairman Cyrus P Mistry against a Mumbai-bench of the company law tribunal order upholding his removal. READ MORE

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Oil slips on rising US supply, Venezuela investment Oil prices slipped on Wednesday, pulled down by a rise in US inventories and hopes that new investment could halt a plunge in Venezuela's output. Benchmark Brent crude oil was down 20 cents at $75.75 a barrel. US light crude was 10 cents lower at $68.43 a barrel. READ MORE

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Gold edges higher, but rate hike views weigh on market Gold prices inched up on Wednesday after a sharp fall in the previous session, but a firmer dollar on the back of expectations of higher US interest rates and lingering Sino-US trade tensions capped the precious metal's gain.   Spot gold was up 0.3 per cent at $1,204.43 an ounce. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday, but closed 0.8 per cent lower as US Treasuries rose after the United States and Mexico struck a trade deal. US gold futures were down 0.3 per cent at $1,210.60. READ MORE Gold

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,837.01 -59.62 -0.15   S&P BSE SENSEX 50 12,275.63 -16.57 -0.13   S&P BSE SENSEX Next 50 35,369.56 +340.27 +0.97   S&P BSE 100 12,039.39 +3.69 +0.03   S&P BSE Bharat 22 Index 3,725.36 +13.80 +0.37 (Source: BSE)

MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

Coal India regaining investor confidence; delay in stake sale plan may help Coal India (CIL) shares have risen about 11 per cent in a month, outperforming the 2.5 per cent rise by the S&P BSE Sensex. Given the improving outlook on the business front and reasonable stock valuations, analysts believe there are more gains ahead. READ MORE

First Published: Wed, August 29 2018. 08:15 IST
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MARKET WRAP: Sensex slips 174 pts, Nifty at 11,692 as Rupee hits record low

In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled 1.8 per cent lower at Rs 1,294 level on the BSE.

The benchmark indices ended lower ahead of the August F&O expiry due on Thursday, as the Rupee hit a record low of 70.51 against the US dollar. The S&P BSE Sensex ended at 38,723, down 174 points while the broader Nifty50 index settled at 11,692, down 47 points. Among sectoral indices, the Nifty IT index ended 0.37 per cent lower weighed by a fall in Infosys and Tata Elxsi. The Nifty Bank index, too, slipped 0.16 per cent due to fall in IndusInd Bank and Yes Bank. In individual stocks, oil-to-telecom giant Reliance Industries (RIL) settled ...

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