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MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

The Nifty IT index, the biggest sectoral loser of the day, settled 2.8% lower led by a fall in the shares of Tata Consultancy Services (TCS) and Infosys which declined 3.5% and 3.4% respectively

Topics
Market Wrap  |  Sensex  |  Nifty

SI Reporter  |  New Delhi 

The benchmark indices settled lower on Wednesday, tracking weakness in the Asian markets. The S&P BSE Sensex ended at 35,200, down 275 points or 0.8 per cent, while the broader Nifty50 index settled at 10,600, down 56 points or 0.5 per cent. The Nifty50 had hit a low of 10,562 in morning trade before recovering losses partially in late noon deals. India's foreign exchange and debt markets were shut on Wednesday on account of Id-E-Milad. Key Stocks Among key stocks, Dr. Reddy's Laboratories rose 6.4 per cent to Rs 2,600.45 on the National Stock ...

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MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

Market at close   The S&P BSE Sensex dropped 275 points or 0.77 per cent to end at 35,200 while NSE's Nifty50 index settled 56 points or 0.53 per cent lower at 10,600.   

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

Premier Explosives surges 37% in three days on receiving arms license Shares of Premier Explosives (PEL) have moved 19% higher to Rs 280 per share on Wednesday, surging 37% in past three days on the BSE, after the company obtained arms license for manufacture of propellants, ammonium perchlorate and HTPB. READ MORE

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

DHFL rallies 6% as Q2 net profit jumps 52% Shares of Dewan Housing Finance Corporation (DHFL) rallied as much as 6 per cent to Rs 238.65 apiece in intra-day deals on Wednesday, after the company reported a 52 per cent year-on-year (YoY) increase in its net profit at Rs 4.38 billion for September quarter of FY19. The company had posted profit of Rs 2.87 bilion in the year-ago period.   Total revenue from operations stood at Rs 35.15 billion, up 34 per cent YoY against Rs 2.87 bilion posted in the corresponding quarter of last fiscal. READ MORE

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

India poised to topple Brazil as the world's biggest sugar producer Brazil, traditionally the world’s top sugar producer, is poised to cede the crown to India for the first time in 16 years.   Production in the Asian country this season may rise 5.2 percent to a record 35.9 million metric tons on increasing acreage and improving yields, the U.S. Department of Agriculture’s Foreign Agricultural Service said Tuesday in a report. READ MORE

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

S&P DJI seeks strategic opportunities in India after parting ways with BSE   After Asia's oldest bourse BSE announced snapping of ties with S&P Dow Jones Indices (DJI), the latter said on Wednesday that it is looking at ways of expanding activity and seeking "strategic opportunities" in the country. "India continues to be an important part of S&P DJIs global growth strategy and we will continue to find ways to expand commercial activities in the country, look for strategic opportunities," an official statement said. Read more

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

Top gainers in BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME FORBES & CO 2471.75 224.70 10.00 2979 PHILLIPS CARBON 222.50 15.80 7.64 164724 MINDA CORP 140.35 9.50 7.26 89868 SPICEJET 83.10 4.90 6.27 2147307 JP ASSOCIATES 7.09 0.41 6.14 6858395 » More on Top Gainers

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

India's crude oil import jumps 10.5% in Oct, hits highest level in 7 years   India's crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday. Crude imports in October climbed 10.5 per cent from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. Read more

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

NEWS ALERT DHFL reports Q2 net profit at Rs 4.38 bn vs Rs 2.87 bn year-on-year; stock rises over 3%

MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

Adani Gas hits 20% upper circuit on bagging 13 CGD projects   Shares of Adani Gas (AGL) are locked in the upper circuit of 20% at Rs 97.80 per share on the BSE, as the company said that it has bagged authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), Government of India to expand its city gas footprint in 13 new geographical areas in the recently concluded 9th round of city gas distribution (CGD) bidding. Read more

First Published: Wed, November 21 2018. 08:03 IST
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MARKET WRAP: Sensex falls 275 pts on global sell-off; TCS, Infy decline 3%

The Nifty IT index, the biggest sectoral loser of the day, settled 2.8% lower led by a fall in the shares of Tata Consultancy Services (TCS) and Infosys which declined 3.5% and 3.4% respectively

The benchmark indices settled lower on Wednesday, tracking weakness in the Asian markets. The S&P BSE Sensex ended at 35,200, down 275 points or 0.8 per cent, while the broader Nifty50 index settled at 10,600, down 56 points or 0.5 per cent. The Nifty50 had hit a low of 10,562 in morning trade before recovering losses partially in late noon deals. India's foreign exchange and debt markets were shut on Wednesday on account of Id-E-Milad. Key Stocks Among key stocks, Dr. Reddy's Laboratories rose 6.4 per cent to Rs 2,600.45 on the National Stock ...

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