Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall
All that happened in the market today
 "Photo: iStock")
Photo: iStock
The benchmark indices fell over 200 points amid sell off on the first day of the new year led by losses in banks, IT and auto stocks.
Meanwhile, The Insolvency and Bankrutpcy Code (Amendment) Bill, 2017, that debars wilful defaulters and existing promoters from bidding for stressed assets of companies undergoing insolvency proceedings, was passed in the Lok Sabha on Friday.
Auto stocks were in focus as auto firms start disclosing monthly sales numbers for December 2017.
Meanwhile, Overseas investors have pulled out close to Rs 5,900 crore from domestic equities this month, with widening fiscal deficit and higher crude prices making market participants cautious on macro-economic front. In spite of December performance, foreign portfolio investors (FPIs) ended the year with a net inflow of over Rs 51,000 crore.
3:44 PM
IT stocks decline, TCS top loser among pack
Source: NSE
3:42 PM
Auto stocks in focus
Source: NSE
3:40 PM
Sectoral Trend
Source: NSE
3:38 PM
Top Sensex gainers and losers
Source: BSE
3:36 PM
Markets at close
The S&P BSE Sensex e nded the day at 33,812, down 244 points while the broader Nifty50 ended the day at 10,435, down 95 points
The S&P BSE Sensex e nded the day at 33,812, down 244 points while the broader Nifty50 ended the day at 10,435, down 95 points
3:17 PM
IndusInd Bank raises Rs 3,193 cr from overseas lenders to expand business
IndusInd Bank on Monday said it has raised $500 million (about Rs 3,193.75 crore) term loan from overseas lending bodies to expand its business.
The private sector bank has concluded the syndicated term loan facility from a group of overseas investors, it said in a regulatory filing.
The fundraising, along with the funds raised during the ongoing financial year from multilateral institutions ADB and OPIC, will help the bank expand its lending to clients, it said. READ MORE
3:07 PM
Auto sales
Auto major Mahindra and Mahindra (M&M) reported an 8% increase in total sales at 39,200 units in December.
Auto major Mahindra and Mahindra (M&M) reported an 8% increase in total sales at 39,200 units in December.
It had sold 36,464 units in the same month previous year, M&M said in a statement.
2:55 PM
Buzzing Stock
Share price of Phoenix Mills rose 6 percent intraday Monday as it has acquired 22.67% stake in its subsidiary company.
The company has entered into a share purchase agreement (SPA) with HBS Realtors (HBS) and Graceworks Realty & Leisure (GRLPL) on December 29, 2017 for acquisition of entire 22.67 percent shareholding of HBS in GRLPL, a subsidiary of the company.
2:45 PM
Maruti auto sales
The country's largest car maker Maruti Suzuki India (MSI) today reported 10.3% increase in total sales at 1,30,066 units in December 2017 compared to 1,17,908 units in the same month of 2016.
The company's domestic sales stood at 1,19,286 units, up 12.1%from 1,06,414 units in December 2016, MSI said in a statement.
2:32 PM
Buzzing Stock
Shares of Bank of India added nearly 5% intraday Monday as it has received fund from government of India.
The bank has received infusion of Rs 2257 crore from Government of India in the form of common equity tier- 1 capital, which is being kept as share application money and would be allotted after following due procedure/conditions for allotment.
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First Published: Jan 01 2018 | 3:30 PM IST