You are here: Home » Markets » News
Business Standard

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

All that happened in the market today

SI Reporter  |  New Delhi 

Investor confidence in China has been dented by rising bond yields as Beijing steps up its crackdown on shadow banking and other risky forms of financing. Higher borrowing costs threaten to squeeze corporate profits. Back home, November expiry has been a mixed affair so far. Market-wide rollovers on the D-3 came in at 27% which is on the higher side compared to the average rollovers of 21% of the last three series. Nifty futures rollovers, meanwhile, stood at 32% which is also high compared to the average rollovers of 18% of the last three series. 

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 over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services    "Stocks gave away the early gains as the investors became cautious ahead of the September quarter GDP data release scheduled on Thursday.  Decent rollover numbers may be suggestive of the short term positivity in the market, with sectoral continuing to continuing to roll in, this time along home finance companies which rose after government’s proposal to tax unsold realty inventory stoked expectations of more activity in the housing sector. Global cues remain muted for now, setting the stage for OPEC's meeting on Thursday and voting on US Tax reform bill."

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Top Sectoral loser: Nifty PSU Bank index Source: NSE

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Sectoral Trend Source: NSE

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Top Sensex gainers and losers Source: BSE

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Broader Markets The broader markets were outperforming the benchmark indices with BSE Midcap and BSE Smallcap indices up 0.1% and 0.3% respectively

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Markets at close Benchmark indices ended lower on Tuesday, weighed down by market heavyweights such as Reliance Industries and Infosys, with investors now focussed on September-quarter GDP data, due on Thursday The S&P BSE SEnsex ended at 33,618, sown 105 points while the broader Nifty50 index settled the day at 10,370, down 29 points

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Order Win   State-owned power equipment maker BHEL has bagged an order worth Rs 64 crore for setting up six decentralised sewage treatment plants in Raipur, Chhattisgarh.   "Valued at over Rs 64 crore, the order for sewage treatment plants with a cumulative capacity of 25.4 million litres per day, has been placed on BHEL by Raipur Development Authority," the company said in its filing.

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Eris Life extends rally post acquisition of Strides' India branded business   Eris Lifesciences moved higher by 11% to Rs 721, extending its 11% gain of the last six trading sessions after the company acquired the domestic formulations business of Strides Shasun in an Rs 500-crore deal, marking its foray into the fast-growing central nervous system (CNS) segment.   According to media report, Credit Suisse initiated coverage of Eris Lifesciences with a recommendation of outperform with price target of Rs 770 per share within a year.   Eris Lifesciences and Strides Shasun signed an agreement on Saturday, November 18, in which Eris Lifesciences will acquire 130 Strides Shasun brands in the neurology, nutraceuticals and gastrointestinal segments, along with employees who form part of the business. READ MORE

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Market Check   Index Current Pt. Change % Change   S&P BSE SENSEX 33,600.65 -123.79 -0.37   S&P BSE SENSEX 50 10,807.86 -33.17 -0.31   S&P BSE SENSEX Next 50 35,870.11 -6.39 -0.02   S&P BSE 100 10,837.01 -28.07 -0.26   S&P BSE Bharat 22 Index 3,741.97 -22.70 -0.60

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Nifty PSU Bank index down over 1% Source: NSE

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

Glenmark Pharma falls 3% as Baddi unit gets 7 observations from USFDA   Glenmark Pharmaceuticals dipped 3% to Rs 574 on the BSE in intra-day trade after the company said its Baddi unit gets seven observations from US health regulator.   “The US Food and Drug Administration (USFDA) issued seven observations through the form 483,” Glenmark Pharmaceuticals said in a regulatory filing.   The Baddi unit of Glenmark Pharmaceuticals underwent an US FDA audit from November 6, 2017 to November 11, 2017. The Baddi unit contributes approximately 10% of the revenue of US sales. READ MORE

First Published: Tue, November 28 2017. 15:30 IST
RECOMMENDED FOR YOU

Sensex ends over 100 pts lower, Nifty below 10,400; RIL, Infy down 1% each

All that happened in the market today

Investor confidence in China has been dented by rising bond yields as Beijing steps up its crackdown on shadow banking and other risky forms of financing. Higher borrowing costs threaten to squeeze corporate profits. Back home, November expiry has been a mixed affair so far. Market-wide rollovers on the D-3 came in at 27% which is on the higher side compared to the average rollovers of 21% of the last three series. Nifty futures rollovers, meanwhile, stood at 32% which is also high compared to the average rollovers of 18% of the last three series. 

image
Business Standard
177 22