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MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap ended 1.4 per cent lower.

SI Reporter  |  New Delhi 

The benchmark indices settled over 1 per cent lower as the rupee hit a new record low of 72.72 in intra-day deals. The S&P BSE Sensex ended at 37,413, down 509 points while the broader Nifty50 index settled at 11,287, down 151 points. In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap ended 1.4 per cent lower. Shares of fast moving consumer goods (FMCG) companies were under pressure with Nifty FMCG index hitting its six-week low, falling 8% so far in the current month on the National Stock Exchange (NSE) on valuation concerns in ...

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MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

MARKET COMMENT Jayant Manglik, President, Religare Broking The bears continued to dominate on Tuesday, as the Indian equity benchmark indices fell sharply for second straight session. A continued sharp fall in rupee to a new record low (vs USD), firm crude oil prices and weak global cues impacted the sentiments on the domestic bourses and dragged the Nifty index down to an intra-day low of 11,274 before it closed the session at 11,288 levels.  With lack of any positive triggers on the domestic bourses and ongoing global uncertainties, weakness in market could continue in the coming sessions. The near-term direction will be dictated by key domestic macro data like July IIP, Aug CPI (due Wednesday) & Aug WPI (due on September 14). Further, the strengthening crude oil prices, weakening INR (vs USD), widening CAD and mounting tensions over trade war is certainly a worrisome factor for the Indian market and could continue to induce high volatility in the index. We advise investors and traders to remain selective in stock picking

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Nifty FMCG index ends 2.4% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME GODREJ CONSUMER 1248.25 1298.10 -49.85 -3.84 1462477 ITC 297.20 306.55 -9.35 -3.05 25990181 UNITED SPIRITS 578.30 595.20 -16.90 -2.84 1961814 TATA GLOBAL 216.00 222.00 -6.00 -2.70 3504972 JUBILANT FOOD. 1353.30 1390.55 -37.25 -2.68 1061089

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Here's how the sectoral indices on NSE performed today

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

BSE Sensex: Power Grid, Tata Steel top losers of the day

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Markets at close The S&P BSE Sensex shut shop at 37,413.13, down509.04 points or1.34 per cent while the broader Nifty50 index of National Stock Exchange settled 150.60 points or 1.32 per cent lower at11,287.50. 

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

NEWS ALERT Rupee hits fresh lifetime low of 72.72 per dollar

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Will not let manipulators cash in on market volatility: Sebi Market regulator Securities and Exchange Board of India (Sebi) Tuesday warned that the manipulators will not be allowed to take advantage of the volatility in the stock market. READ MORE

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Unilever single holding company shares to start trading in December Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.   The Anglo-Dutch maker of Dove soap, Lipton teas and Ben & Jerry's ice cream said the simplification would be achieved through a UK scheme of arrangement and a Dutch legal merger. READ MORE

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Top losers in BSE 500: COMPANY PRICE() CHG() CHG(%) POWER FIN.CORPN. 81.50 -6.95 -7.86 MAX FINANCIAL 473.10 -31.30 -6.21 MAHINDRA CIE 279.35 -18.45 -6.20 SWAN ENERGY 150.10 -9.30 -5.83 CHOLAMAN.INV.&FN 1309.05 -77.95 -5.62 » More on Top Losers

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Once-in-a-life deals fuel $100-billion mergers-and-acquisitions boom The biggest mergers-and-acquisitions (M&As) boom in Indian history has investment bankers preparing for even more deal-making to come. Transactions involving Indian companies have reached $104.5billion in 2018, trouncing the previous annual record, with almost four months left in the year, according to data compiled by Bloomberg. The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a Gurgaon-based partner at PwC India, who focuses on private equity and deals. READ MORE

MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

Amidst falling rupee, RBI adds another 6.8 tonnes of gold to forex reserves The Reserve Bank of India (RBI) has found solace in gold as its foreign currency reserves are concerned. In July, the central bank added another 6.8 tonnes of gold to its forex reserves which are the highest monthly addition to the reserves so far after 2009. READ MORE

First Published: Tue, September 11 2018. 08:15 IST
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MARKET WRAP: Sensex falls 509 pts, Nifty at 11,287 as rupee hits fresh low

In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap ended 1.4 per cent lower.

The benchmark indices settled over 1 per cent lower as the rupee hit a new record low of 72.72 in intra-day deals. The S&P BSE Sensex ended at 37,413, down 509 points while the broader Nifty50 index settled at 11,287, down 151 points. In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap ended 1.4 per cent lower. Shares of fast moving consumer goods (FMCG) companies were under pressure with Nifty FMCG index hitting its six-week low, falling 8% so far in the current month on the National Stock Exchange (NSE) on valuation concerns in ...

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