You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

The Nifty Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Nifty Metal index, too, settled 1.1 per cent lower weighed by Coal India.

SI Reporter  |  New Delhi 

BSE, NSE, Markets, SENSEX
Photo: Shutterstock.com

The benchmark indices settled around 0.5 per cent lower weighed by metal and private bank stocks.

The S&P BSE ended at 33,891, down 176 points while the broader Nifty50 index settled at 10,198, down 52 points.

Among sectoral indices, the Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Metal index, too, settled 1.1 per cent lower weighed by Coal India. However, PSU Bank index rose for the second consecutive day, ending 2.5 per cent higher led by Union Bank of India and Canara Bank.

In individual stocks, Bharat Petroleum Corporation (BPCL) ended around 4 per cent lower at Rs 265.65 on the BSE after the oil marketing company reported a 48.3 per cent decline in its net profit to Rs 12.1871 billion for the second quarter ended September 2018. Among other stocks, Reliance Industries (RIL) fell 2.7 per cent to Rs 1,058.90 on the BSE.

Global Markets

Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilise its stock although activity was choppy with investors cautious about further escalations in the Sino-US trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan swung in and out of negative territory in morning trade and last traded 0.3 per cent higher on the day. The index has lost 12 per cent this month and is on track for its biggest October decline since 2008, during the global financial crisis.

Mainland China's benchmark Shanghai Composite and the blue-chip CSI 300 gained to 1.0 per cent and 1.1 per cent, respectively, winning back earlier losses in a volatile session. Japan's Nikkei average also erased early losses and climbed 1.5 per cent. Traders said investors were looking for bargains among beaten-down stocks.

(with Reuters input)

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Nifty Bank index ends 0.61% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME INDUSIND BANK 1363.95 1412.80 -48.85 -3.46 5626406 KOTAK MAH. BANK 1123.70 1138.10 -14.40 -1.27 1899280 ICICI BANK 345.90 349.40 -3.50 -1.00 33777374 HDFC BANK 1914.00 1926.30 -12.30 -0.64 3138745 AXIS BANK 563.65 566.70 -3.05 -0.54 8421020

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Sectoral gainers and losers on NSE

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Market at close   The S&P BSE Sensex shed 176 points or 0.52 per cent to settle at 33,891 while NSE's Nifty50 index ended at 10,198, down 52 points or 0.51 per cent.

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Symphony falls 9% on disappointing Q2 results Shares of Symphony have slipped 9% to Rs 871 per share on the BSE in intra-day trade after the company reported 38% year-on-year (YoY) declined in consolidated net profit at Rs 310 million in September quarter (Q2FY19), on weak sales. The company engaged in air cooler business had a profit of Rs 500 million in the previous year quarter. READ MORE

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Domino's to offer Pepsi, Mountain Dew, Mirinda across outlets in India Jubilant FoodWorks on Tuesday announced that PepsiCo was going to be its new beverage partner for Domino's Pizza.   As part of the partnership, the PepsiCo portfolio of carbonated beverages of Pepsi, Mountain Dew, 7Up, and Mirinda, along with Lipton Ice Tea will be sold across all Domino’s restaurants in India. At 2:30 pm, the company's shares on BSE were down by Rs 24.75, or 2.72 per cent from their previous close, to Rs 1066 apiece. READ MORE

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Oil prices dip on rising supply, trade tensions   Oil prices dipped on Tuesday, dragged down by concerns that the Sino-U.S. trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. Front-month Brent crude oil futures were at $77.15 a barrel, down 19 cents, or 0.3 per cent, from their last close. Read more

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Nifty IT index is trading 1.79% higher led by Infibeam

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Bank of Baroda up for third straight session   The stock is quoting at Rs 111.65, up 4.25% on the NSE. Bank of Baroda is down 34.28% in last one year as compared to a 0.9% drop in NIFTY and a 0.21% drop in the Nifty Bank index. Bank of Baroda gained for a third straight session today. The benchmark NIFTY is down around 0.09% on the day, quoting at 10241.95. The Sensex is at 34060.62, down 0.02%. Bank of Baroda has risen around 6.94% in last one month. Read more 

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 34,044.40 -23.00 -0.07   S&P BSE SENSEX 50 10,725.06 -0.35 0.00   S&P BSE SENSEX Next 50 30,854.14 +267.55 +0.87   S&P BSE 100 10,516.09 +13.38 +0.13   S&P BSE Bharat 22 Index 3,370.93 +5.52 +0.16

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

Derivatives strategies: Markets rebound but indicators remain weak   The bear market found at least a temporary bottom last Friday for the Nifty, which was 10,005, and bounced on Monday on the back of short-covering and contrarian buying of beaten-down stocks. The breadth continues to look dismal as the number of stocks that went up outnumbered the ones that declined. Volumes have been generally higher on sessions with net losses. Volatility continues to be very high. The major indices are all trading below their respective 200-day moving averages (200-DMA). Read more

First Published: Tue, October 30 2018. 08:08 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex slips 176 pts, Nifty ends at 10,198 as pvt banks weigh

The Nifty Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Nifty Metal index, too, settled 1.1 per cent lower weighed by Coal India.

The benchmark indices settled around 0.5 per cent lower weighed by metal and private bank stocks.

The S&P BSE ended at 33,891, down 176 points while the broader Nifty50 index settled at 10,198, down 52 points.

Among sectoral indices, the Bank index ended 0.6 per cent lower led by a fall in the shares of IndusInd Bank and ICICI Bank. The Metal index, too, settled 1.1 per cent lower weighed by Coal India. However, PSU Bank index rose for the second consecutive day, ending 2.5 per cent higher led by Union Bank of India and Canara Bank.

In individual stocks, Bharat Petroleum Corporation (BPCL) ended around 4 per cent lower at Rs 265.65 on the BSE after the oil marketing company reported a 48.3 per cent decline in its net profit to Rs 12.1871 billion for the second quarter ended September 2018. Among other stocks, Reliance Industries (RIL) fell 2.7 per cent to Rs 1,058.90 on the BSE.

Global Markets

Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilise its stock although activity was choppy with investors cautious about further escalations in the Sino-US trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan swung in and out of negative territory in morning trade and last traded 0.3 per cent higher on the day. The index has lost 12 per cent this month and is on track for its biggest October decline since 2008, during the global financial crisis.

Mainland China's benchmark Shanghai Composite and the blue-chip CSI 300 gained to 1.0 per cent and 1.1 per cent, respectively, winning back earlier losses in a volatile session. Japan's Nikkei average also erased early losses and climbed 1.5 per cent. Traders said investors were looking for bargains among beaten-down stocks.

(with Reuters input)

image
Business Standard
177 22