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MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

The Nifty IT index fell 2.1 per cent weighed by Infibeam Avenues, Tech Mahindra and Infosys. The Nifty Auto index, too, ended 2.2 per cent lower pulled by Maruti Suzuki and Tata Motors.

Topics
Market Wrap  |  Sensex  |  Nifty

SI Reporter  |  New Delhi 

The benchmark indices declined over 1.5 per cent on Thursday tracking the weakness in the Asian markets. The S&P BSE Sensex ended at 35,312, down 572 points, or 1.6 per cent, while the broader Nifty50 index settled at 10,601, down 182 points or 1.7 per cent. Among sectoral indices, the Nifty Bank index slipped 1.2 per cent weighed by Punjab National Bank and IDFC Bank. The Nifty IT index fell 2.1 per cent weighed by Infibeam Avenues, Tech Mahindra and Infosys. The Nifty Auto index, too, ended 2.2 per cent lower pulled by Maruti ...

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MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

Market at close The S&P BSE Sensex shed 572 points or 1.59 per cent to settle at 35,312 while NSE’s Nifty50 index dropped 182 points or 1.69 per cent to end at 10,601.

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

NEWS ALERT Saudi Energy Minister: 1 mbpd cut will be sufficient to balance the market; still considering a number of options for production cut

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

NEWS ALERT Saudi Energy Minister: As of now, we do not have an agreement, all options are on the table. Important to get Non-OPEC producers on board

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

Gold declines on profit-taking, firm dollar Gold prices edged lower on Thursday in range-bound trade as investors booked profits and the dollar strengthened, while palladium fell from a record high hit in the previous session.   Spot gold fell 0.2 per cent to $1,235.57 per ounce at 0823 GMT, while US gold futures were 0.1 per cent lower at $1,240.8 per ounce. READ MORE

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

OPEC waiting for Russia before deciding how much oil to cut OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices.   Five delegates said the group was waiting for news from Russia as Energy Minister Alexander Novak had flown back from Vienna for a possible meeting with President Vladimir Putin. READ MORE

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

NEWS ALERT Govt to infuse Rs 30.54 bn in Allahabad Bank

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

China to immediately implement truce measures to resolve trade spat China said Thursday it would "immediately" implement measures agreed under a trade war truce with the United States. The commerce ministry's remarks came days after US President Donald Trump and Chinese leader Xi Jinping agreed to give negotiators 90 days to resolve their trade spat. READ MORE

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

Nifty IT index is trading over 2% lower weighed by Infibeam

MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

Chart Reading: Will Nifty Bank gain or lose strength in today's expiry?   Global cues impacted market trend on Thursday. The Open Interest (OI) data oscillated from longs to writing. The fall of approximately 500 points on Nifty Bank ranging from 26,644 to the current intra-day levels of 26,160 along with gap down have hurt the trading psyche. For today, as per intra-day chart, spot Nifty Bank has the resistance at 26,300 and 26,360. A sustainable move above 26,300 and decisive breakout above 26,360 will have an impact on Nifty Bank December current price of call (CE) 26,400. Read more

First Published: Thu, December 06 2018. 08:10 IST
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MARKET WRAP: Sensex cracks 572 pts on global sell-off; IT, auto stocks drag

The Nifty IT index fell 2.1 per cent weighed by Infibeam Avenues, Tech Mahindra and Infosys. The Nifty Auto index, too, ended 2.2 per cent lower pulled by Maruti Suzuki and Tata Motors.

The benchmark indices declined over 1.5 per cent on Thursday tracking the weakness in the Asian markets. The S&P BSE Sensex ended at 35,312, down 572 points, or 1.6 per cent, while the broader Nifty50 index settled at 10,601, down 182 points or 1.7 per cent. Among sectoral indices, the Nifty Bank index slipped 1.2 per cent weighed by Punjab National Bank and IDFC Bank. The Nifty IT index fell 2.1 per cent weighed by Infibeam Avenues, Tech Mahindra and Infosys. The Nifty Auto index, too, ended 2.2 per cent lower pulled by Maruti ...

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