You are here: Home » Markets » News
Business Standard

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

All that happened in the market today

SI Reporter  |  New Delhi 

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 ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

IT stocks decline, TCS top loser among pack Source: NSE

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

Auto stocks in focus Source: NSE

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

Sectoral Trend Source: NSE

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

Top Sensex gainers and losers Source: BSE

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

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

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

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

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

Auto sales 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.

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

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.

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

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.

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

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.

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

Markets check Index Current Pt. Change % Change   S&P BSE SENSEX 34,030.63 -26.20 -0.08   S&P BSE SENSEX 50 10,971.60 -8.18 -0.07   S&P BSE SENSEX Next 50 37,036.91 +187.53 +0.51   S&P BSE 100 11,032.33 +2.55 +0.02   S&P BSE Bharat 22 Index 3,784.78 +12.53 +0.33 Source: BSE

First Published: Mon, January 01 2018. 15:30 IST
RECOMMENDED FOR YOU

Sensex ends 244 pts lower, Nifty below 10,450; banks, IT, auto fall

All that happened in the market today

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 ...

image
Business Standard
177 22