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MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

The Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index declined 2.9 per cent weighed by Sun Pharmaceuticals.

SI Reporter  |  New Delhi 

The benchmark indices ended lower on Tuesday weighed by IT and pharmaceutical stocks amid weak Asian markets. The S&P BSE Sensex ended at 33,847, down 287 points, while the broader Nifty50 index settled at 10,147, down 98 points. Among sectoral indices, the Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index, too, declined 2.9 per cent weighed by Sun Pharmaceutical Industries. The rupee traded on a weaker note during the day, slipping to 73.82 per dollar in ...

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MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Top sectoral gainers & losers on NSE

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Market at close   The S&P BSE Sensex slipped 287 points or 0.84 per cent to end at 33,847 while NSE's Nifty50 index ended at 10,147, down 98 points or 1 per cent.

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

India quickly catching up with China, but still some work left: Mark Mobius Emerging market guru Mark Mobius, who recently retired from Franklin Templeton, talks about the liquidity crunch that has hit India following the IL&FS default. In his keynote address at Morningstar Investment Conference, he says India needs to move quick on cutting down bureaucratic hurdles so that new investments can come in and improve the liquidity situation. Among other things, he delves deeper on his own investment philosophy and what makes him think that environment, social and governance – ESG – is the next big investment theme. READ MORE Mark Mobius

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Sebi mulls standardisation for PMS schemes by setting up industry body The Securities and Exchange Board of India (Sebi) is deliberating on setting up an industry body to draw up best practices for portfolio managers and introducing a standard template to bring uniformity in the way they market their schemes. The discussions are preliminary.   At present, PMS providers file an offer document for filing with Sebi and release quarterly statements to existing clients mandatorily. READ MORE

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 33,787.94 -346.44 -1.01   S&P BSE SENSEX 50 10,596.59 -122.22 -1.14   S&P BSE SENSEX Next 50 29,836.02 -436.41 -1.44   S&P BSE 100 10,356.72 -124.34 -1.19   S&P BSE Bharat 22 Index 3,290.20 -22.97 -0.69

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Asian Paints: Benefits of lower GST in Q2 come at cost; volumes surge 12%   Asian Paints’ September 2018 quarter (Q2) numbers show that benefits of higher volumes have come at a cost. Consolidated net profit reported by the paint major was not only 14.8 lower than the year-ago quarter but also below the street’s expectations. High inflationary pressure, besides expected start-up cost on its new Mysuru plant, hurt the company’s bottom-line. Read more

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

BSE500 index hits 52-week low   The S&P BSE 500 index hit a 52-week low of 13,409, down 1.3% on the BSE on Tuesday after a sharp decline in consumer discretionary goods & services, infrastructure, information technology (IT), cement, pharmaceutical and financial sector stocks. The index has fallen below its previous low of 13,453.81 touched on October 11, 2018, in intra-day trade. Read more

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

BSE to introduce weekly F&O contracts Sensex 50 from Friday Leading stock exchange BSE will introduce weekly futures and options contracts on Sensex 50 index from Friday.   The bourse will introduce 7 weekly futures and options contracts expiring on every Thursday of the week, excluding monthly expiry week, BSE -- formerly known as Bombay Stock Exchange -- said in a circular. READ MORE

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 33,788.97 -345.41 -1.01   S&P BSE SENSEX 50 10,598.36 -120.45 -1.12   S&P BSE SENSEX Next 50 29,770.32 -502.11 -1.66   S&P BSE 100 10,355.16 -125.90 -1.20   S&P BSE Bharat 22 Index 3,279.66 -33.51 -1.01

MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

TVS Motor Q2 profit drops on higher commodity prices Auto manufacturer TVS Motor Co Ltd posted about 1 percent fall in second-quarter profit on Tuesday, dented by higher commodity prices.   Profit came in at 2.11 billion rupees ($28.64 million) in the quarter ended Sept. 30, compared with 2.13 billion rupees a year ago, beating analysts' estimates of 2.10 billion rupees READ MORE

First Published: Tue, October 23 2018. 08:00 IST
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MARKET WRAP: Sensex cracks 287 points; Sun Pharma falls 5%, TCS dips 3%

The Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index declined 2.9 per cent weighed by Sun Pharmaceuticals.

The benchmark indices ended lower on Tuesday weighed by IT and pharmaceutical stocks amid weak Asian markets. The S&P BSE Sensex ended at 33,847, down 287 points, while the broader Nifty50 index settled at 10,147, down 98 points. Among sectoral indices, the Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index, too, declined 2.9 per cent weighed by Sun Pharmaceutical Industries. The rupee traded on a weaker note during the day, slipping to 73.82 per dollar in ...

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