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MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

The Nifty Auto index declined 2.4 per cent led by fall in Tata Motors and Hero MotoCorp

SI Reporter  |  New Delhi 

The benchmark indices settled around 1 per cent lower on Monday tracking weakness in the Asian markets and rise in global oil prices. The S&P BSE Sensex ended at 34,813, down 346 points (-0.98 per cent), while the broader Nifty50 index settled at 10,482, down 103 points(-0.97 per cent). Among the sectoral indices, the Nifty PSU Bank index fell 2.1 per cent weighed by Oriental Bank of Commerce. The Nifty Auto index, too, declined 2.4 per cent led by fall in Tata Motors and Hero MotoCorp. However, the Nifty IT index rose 0.7 per ...

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MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

MARKET COMMENT Jayant Manglik, President, Religare Broking Markets failed to hold the early gains and lost nearly a percent, pressurized by weak global cues. Participants were in profit taking mood from the beginning and mostly sectoral indices traded in tandem with the benchmark index. The decline was wide spread and broader market indices too ended with loss of nearly a percent each.    Local headwinds combined with feeble global cues are keeping the participants on edge. Traders have no option but to align their position according to the prevailing sentiment and maintaining a balanced approach in trading. Also, we advise keeping close watch on upcoming macroeconomic data, earnings and global markets for cues

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Market at close The S&P BSE Sensex shed 346 points to settle at 34,813 while NSE's Nifty50 index slipped below the 10,500 level to end at 10,482, down 103 points.

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

NEWS ALERT Britannia: consolidated revenue growth of 13% for the Quarter at Rs. 2,855 crores

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

NEWS ALERT Brittania Q2FY19 net profit at Rs 303 cr, up 16% on year

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Infibeam Avenues to PC Jeweller, beaten-down stocks stage a comeback   After dropping 15% from the peak, markets are staging a recovery. Stocks that have gained the most in the BSE500 universe over the past two weeks are beaten-down names like Infibeam Avenues, PC Jeweller and Reliance Communications. Non-banking financial companies (NBFCs), too, have rallied by over 25% in the past two weeks amid easing of liquidity conditions. Read more

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Top losers in BSE 500 COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME AVANTI FEEDS 375.80 422.65 -46.85 -11.08 231549 ORIENTAL BANK 80.30 87.45 -7.15 -8.18 608864 ITI 93.65 101.00 -7.35 -7.28 227841 SREI INFRA. FIN. 36.70 39.40 -2.70 -6.85 345283 SECURITY & INTEL 821.25 874.50 -53.25 -6.09 377 Click here for more

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Buyback offer spurs Bharti Airtel's dollar-denominated bonds to 5-year high   Bharti Airtel Ltd.’s dollar-denominated bonds due in 2023 surged the most in five years after the company offered to buy back the securities at above the market price amid the risk of a rating downgrade. India’s second-biggest mobile phone carrier will pay $985 per $1,000 principal amount plus accrued interest for any or all of the $1.5 billion of March 2023 notes in the tender offer, according to a company filing over the weekend. Read more

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Eicher Motors declines ahead of September quarter earnings

MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

Sugar stocks gain in weak market; Balrampur Chini, Dhampur Sugar up over 8% Shares of sugar companies were trading higher by up to 13% on the BSE in an otherwise weak market on hopes of posting better than expected operating numbers in coming quarters on the back of firming sugar prices, gains arising from sugar inventory revaluation, higher profitability from their distillery and co-gen segment.   Balrampur Chini Mills, Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, Uttam Sugar Mills, Triveni Engineering & Industries, Dwarikesh Sugar and Thiru Arooran Sugars were up in the range of 5% to 13% on the BSE. READ MORE

First Published: Mon, November 12 2018. 08:15 IST
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MARKET WRAP: Sensex slips 346 pts on weak Re, oil prices; auto stocks drag

The Nifty Auto index declined 2.4 per cent led by fall in Tata Motors and Hero MotoCorp

The benchmark indices settled around 1 per cent lower on Monday tracking weakness in the Asian markets and rise in global oil prices. The S&P BSE Sensex ended at 34,813, down 346 points (-0.98 per cent), while the broader Nifty50 index settled at 10,482, down 103 points(-0.97 per cent). Among the sectoral indices, the Nifty PSU Bank index fell 2.1 per cent weighed by Oriental Bank of Commerce. The Nifty Auto index, too, declined 2.4 per cent led by fall in Tata Motors and Hero MotoCorp. However, the Nifty IT index rose 0.7 per ...

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