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Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

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SI Reporter  |  New Delhi 

Benchmark indices ended lower on Monday, with Larsen & Toubro dragging the indexes after it cut its full-year order flow growth guidance, while oil price worries kept energy shares such as Reliance Industries under pressure. Investors also reacted to the September quarter earnings of index heavyweights Idea Cellular, Adani Ports and Coal India.  Oil remained well supported as ongoing output cuts led by the Organization of the Petroleum Exporting Countries and Russia contributed to a significant reduction in excess supplies and as tensions in the Middle East ...

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Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Nifty Chart for the day Source: NSE

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Sectoral Trend Source: NSE

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Nifty Metal index fell nearly 2% Source: NSE

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Top Sensex gainers and losers Source: BSE

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Broader Markets Broader markets outperformed the frontline indices with BSE Midcap and BSE Smallcap  down 0.2% and 0.4% respectively

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Markets at Close The S&P BSE Index ended the day at 33,033, down 281 points while the broader Nifty50 index settled at 10,224, down 96 points

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Slips in trade Bharat Petroleum Corp fell as much as 3.7% to its lowest in four weeks, after its September-quarter profit missed market estimates.

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Asia Check Asian markets wavered in Monday trade after US stocks closed mostly lower on Friday, with Japan's Nikkei 225 index ending lower for the fourth straight session.   The Nikkei 225 fell 1.32%, or 300.43 points, to close at 22,380.99 — its lowest close since October 31. Across the Korean Strait, the Kospi edged down 0.5% to end at 2,530.35 

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Buzzing stock Shares of Vakrangee touched their 52- week highs, gaining 5% on the back of strong Q2 numbers.   Vakrangee has reported 13 percent jump in its Q2 (August-September) consolidated net profit at Rs 189.8 crore versus Rs 168 crore, in the quarter ended June 2017.

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Nifty Energy index falls nearly 1% Source: NSE

Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Select hotel & restaurant shares gain on GST rate change   Shares of hotels & restaurant companies rallied up to 16% on the BSE in intra-day trade in otherwise subdued market after the Goods and Services Tax (GST) Council decided to reduce the tax rate for all restaurants, barring those in luxury hotels, to 5%, without any input tax credit.   Restaurants in hotels with room tariff of Rs 7,500 and above per day will attract 18% GST with full input tax credit.   Among the individual stocks, Royal Orchid Hotels hit a 52-week high of Rs 156, up 16%, and Speciality Restaurants rallied 8% to Rs 127 on the BSE in intra-day trade. READ MORE

First Published: Mon, November 13 2017. 15:30 IST
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Sensex ends 281 pts lower, Nifty below 10,250; Adani Ports, ONGC, L&T drag

Catch all live market action here

Benchmark indices ended lower on Monday, with Larsen & Toubro dragging the indexes after it cut its full-year order flow growth guidance, while oil price worries kept energy shares such as Reliance Industries under pressure. Investors also reacted to the September quarter earnings of index heavyweights Idea Cellular, Adani Ports and Coal India.  Oil remained well supported as ongoing output cuts led by the Organization of the Petroleum Exporting Countries and Russia contributed to a significant reduction in excess supplies and as tensions in the Middle East ...

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