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F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Among the sectoral indices, the Nifty Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).

SI Reporter  |  New Delhi 

Markets
Markets

The benchmark indices ended 1 per cent lower on Thursday tracking a fall in the global and due to the expiry of October-series futures and options (F&O) contracts.

The S&P BSE ended at 33,690, down 344 points, while the broader Nifty50 index settled at 10,125, down 100 points.

Among the sectoral indices, the Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).

In key individual stocks, Suzuki settled 0.6 per cent lower at Rs 6,725 on the National Stock Exchange (NSE) after the company reported a 9.8% fall in net profit at Rs 22.40 billion in the September quarter, down from Rs 24.84 billion year ago. It had fallen over 2 per cent to Rs 6,620.20 in intra-day trade. Bharti Airtel settled 6.3 per cent lower at Rs 296 on the NSE ahead of its September-quarter results post market hours.

Sentiments were also affected as the rupee was trading weaker against the dollar. The domestic currency hit an intra-day low of 73.37 against the greenback, down from its previous close of 73.16 per dollar.

Global Markets

Asian shares plunged on Thursday as hundreds of billions of dollars haemorrhaged from global after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.

MSCI’s broadest index of Asia-Pacific shares outside Japan has fallen more than 18.5 per cent so far this year after skidding almost 2 per cent on Thursday.

Japan's Nikkei tumbled 3.3 per cent to a six-month trough while Australian shares hit a more than one-year low. Tokyo's Topix index tumbled 3 per cent, evaporating more than $155 billion in market value.

(with Reuters input)

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Nifty Bank index ends 0.98% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 98.45 102.65 -4.20 -4.09 IDFC BANK 34.05 35.25 -1.20 -3.40 YES BANK 198.35 204.00 -5.65 -2.77 ST BK OF INDIA 249.55 255.70 -6.15 -2.41 INDUSIND BANK 1491.10 1521.35 -30.25 -1.99

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Sectoral gainers and losers on NSE

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

BSE Sensex: Top gainers & losers of today's session

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Market at close   The S&P BSE Sensex dropped 344 points or 1 per cent to settle at 33,690 while NSE's Nifty50 index ended 100 points or 1 per cent lower at 10,125. 

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Saudi Aramco 'absolutely ready' for IPO: minister Saudi oil giant Aramco is "absolutely ready" for its long-awaited IPO but several regulatory procedures remain, the kingdom's economy minister told the Future Investment Initiative conference in Riyadh on Thursday.   After reports that the initial public offering had been scrapped, Crown Prince Mohammed bin Salman said early this month that it will go ahead in late 2020 or at the start of 2021, two years later than expected. READ MORE

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Pain in aviation sector likely to continue; IndiGo remains top analyst pick   Aviation companies have been under pressure in calendar year 2018 with all the three listed companies - Jet Airways, SpiceJet and InterGlobe Aviation slipping 74 per cent, 52 per cent and 32 per cent, respectively on a year-to-date (YTD) basis. In comparison, the S&P BSE Sensex has lost nearly 1 per cent during the window. The sharp fall in aviation stocks fall comes on the back of higher fuel costs (ATF) led by a rise in crude prices globally, weak rupee and intensifying competition that forced the players to slash prices to maintain occupancy levels. Read more

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Jubilant FoodWorks extends fall post Q2 results; stock hits 7-month low   Shares of Jubilant FoodWorks, which operates the Domino’s franchise, hit a seven-month low of Rs 1,070 per share, down 10% on the BSE in intra-day trade on Thursday, after a weak management commentary post the September quarter results (Q2FY19). The stock has fallen 14.5% from its Wednesday’s high of Rs 1,251 after the announcement of results. It was trading at its lowest level since March 21, 2018. Read more  

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 33,758.31 -275.65 -0.81   S&P BSE SENSEX 50 10,616.03 -87.83 -0.82   S&P BSE SENSEX Next 50 29,927.62 -229.62 -0.76   S&P BSE 100 10,377.91 -84.78 -0.81   S&P BSE Bharat 22 Index 3,311.75 -15.53 -0.47

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Maruti Suzuki Q2: Net profit at Rs 22.40 billion, down 10 per cent YoY   Maruti Suzuki, the country’s biggest car maker reported a decline of ten per cent in profit for the second quarter ended September 30,2018. Net profit for the quarter stood at Rs 22.40 billion. This is the first decline in company’s quarterly profit after nine consecutive quarters of profit growth. The company attributed this decline to increase in commodity prices, adverse foreign exchange movement and higher sales promotion expenses. Read more  

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Maruti Suzuki Q2    Company says rising interest rates, fuel prices are a cause for concern

F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Maruti Suzuki Q2:    EBITDA margin down 160 bps on year-on-year basis

First Published: Thu, October 25 2018. 08:00 IST
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F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Among the sectoral indices, the Nifty Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).

The benchmark indices ended 1 per cent lower on Thursday tracking a fall in the global and due to the expiry of October-series futures and options (F&O) contracts.

The S&P BSE ended at 33,690, down 344 points, while the broader Nifty50 index settled at 10,125, down 100 points.

Among the sectoral indices, the Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).

In key individual stocks, Suzuki settled 0.6 per cent lower at Rs 6,725 on the National Stock Exchange (NSE) after the company reported a 9.8% fall in net profit at Rs 22.40 billion in the September quarter, down from Rs 24.84 billion year ago. It had fallen over 2 per cent to Rs 6,620.20 in intra-day trade. Bharti Airtel settled 6.3 per cent lower at Rs 296 on the NSE ahead of its September-quarter results post market hours.

Sentiments were also affected as the rupee was trading weaker against the dollar. The domestic currency hit an intra-day low of 73.37 against the greenback, down from its previous close of 73.16 per dollar.

Global Markets

Asian shares plunged on Thursday as hundreds of billions of dollars haemorrhaged from global after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.

MSCI’s broadest index of Asia-Pacific shares outside Japan has fallen more than 18.5 per cent so far this year after skidding almost 2 per cent on Thursday.

Japan's Nikkei tumbled 3.3 per cent to a six-month trough while Australian shares hit a more than one-year low. Tokyo's Topix index tumbled 3 per cent, evaporating more than $155 billion in market value.

(with Reuters input)

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