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MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

The Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries

SI Reporter  |  New Delhi 

markets, sebi

The benchmark indices settled around 1 per cent lower on Tuesday tracking a fall in the global markets.

The S&P BSE Sensex ended at 35,475, down 300 points or 0.8 per cent, while the broader Nifty50 index settled at 10,656, down 107 points or 1 per cent.

Among the sectoral indices, the Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries. The Nifty IT index slipped 2.2 per cent due to fall in Wipro and Infosys.

In key stocks, the private sector lender YES Bank fell 6 per cent to settle at Rs 192.50 on the National Stock Exchange (NSE) following its independent director Rentala Chandrashekhar's resignation. “Rentala Chandrashekhar, non-executive, independent director has tendered his resignation from the bank's board, on November 19, 2018, with immediate effect,” the bank said.

Shares of Adani Gas surged 4.8 per cent to end the day at Rs 81.40 per share on the BSE, on the back of heavy volumes on the BSE after the stock shifted to normal trading segment with effect from today from the restricted segment.

The rupee traded on a firm note on Tuesday, rising to a two-month high of 71.28 against US dollar in intra-day trade, up from its previous of 71.65 against the greenback.
 
GLOBAL MARKETS

Asian stock markets skidded on Tuesday and Europe was expected to follow, pressured by sharp losses on Wall Street as technology firms tumbled on worries about slackening demand.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2 per cent. Tech stocks were under pressure across Asia following US losses. In Seoul, Samsung Electronics fell 2 per cent and SK Hynix Inc dropped 3.5 per cent, while Japan's Tokyo Electron was down 1.8 per cent, Advantest lost 2.7 per cent and Sony Corp shed 3.1 per cent.

Japan's Nikkei slipped 1.1 per cent, with shares of Nissan Motor Co tumbling than 5 per cent after its Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct. He will be fired from the board this week.

(with wire inputs)

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Nifty Metal ends 2.83% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME HINDALCO INDS. 220.60 234.45 -13.85 -5.91 14748354 JINDAL STEEL 171.00 180.60 -9.60 -5.32 9297583 TATA STEEL 563.35 582.40 -19.05 -3.27 7632646 S A I L 62.35 64.30 -1.95 -3.03 8510468 VEDANTA 205.10 211.35 -6.25 -2.96 18612503

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Sectoral gainers and losers of the day on NSE

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

BSE Sensex: gainers and losers of the day

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Market at close   The S&P BSE Sensex ended at 35,475, down 300 points or 0.8 per cent, while the broader Nifty50 index settled at 10,656, down 107 points or 1 per cent.

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Metal shares under pressure; Hindalco, JSPL fall 5% Shares of metal companies were under pressure with Hindalco Industries and Jindal Steel & Power (JSPL) falling 5% each, while National Aluminum, Tata Steel, Vedanta, Steel Authority of India (SAIL) and JSW Steel were down 2% to 3% on the NSE, due to macro concerns. READ MORE  

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

India's gold demand to remain muted in October-December quarter After a satisfactory 10 per cent jump in July–September quarter, India’s gold demand is likely to remain subdued in the fourth quarter of calendar 2018. Gold prices are quoted at a discount of Rs 50-100 per 10 grams in India for over a month now. READ MORE

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Stocks at 52-week low: COMPANY PRICE() 52 WK LOW CHG() CHG(%) ASAHI INDIA GLAS 267.25 267.15 -4.05 -1.49 DEEPAK FERT. 167.60 167.00 -7.55 -4.31 GE T&D INDIA 222.60 222.15 -6.25 -2.73 JINDAL STAIN. 44.30 43.80 -2.40 -5.14 SECURITY & INTEL 783.05 780.00 -11.50 -1.45 » More on 52 Week Low

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

S&P BSE Sensex top gainers and losers

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Oil India bucks trend after board approves buyback   Oil India rose 0.82% to Rs 202.70 on BSE after the company said its board approved the proposal to buyback 5.04 crore shares at Rs 215 each. The announcement was made after market hours yesterday, 19 November 2018. Meanwhile, the S&P BSE Sensex was down 198.99 points, or 0.56% to 35,575.89. Read more

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

Deepak Fertilizers hits two-year low; down 20% in 1-week on weak Q2 results   Shares of Deepak Fertilisers & Chemicals hit two year low of Rs 167, down 5% on the National Stock Exchange (NSE), falling 20% in past one week, after it reported a 56% drop in net profit at Rs 190 million in September 2018 quarter (Q2FY19). The stock was trading at its lowest level since August 19, 2016. It tanked 62% from its 52-week high of Rs 437 hit on January 5, 2018, on the BSE in intra-day trade. Read more

MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

DHFL is trading over 4% lower ahead of Q2 earnings

First Published: Tue, November 20 2018. 08:05 IST
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MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh

The Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries

The benchmark indices settled around 1 per cent lower on Tuesday tracking a fall in the global markets.

The S&P BSE Sensex ended at 35,475, down 300 points or 0.8 per cent, while the broader Nifty50 index settled at 10,656, down 107 points or 1 per cent.

Among the sectoral indices, the Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries. The Nifty IT index slipped 2.2 per cent due to fall in Wipro and Infosys.

In key stocks, the private sector lender YES Bank fell 6 per cent to settle at Rs 192.50 on the National Stock Exchange (NSE) following its independent director Rentala Chandrashekhar's resignation. “Rentala Chandrashekhar, non-executive, independent director has tendered his resignation from the bank's board, on November 19, 2018, with immediate effect,” the bank said.

Shares of Adani Gas surged 4.8 per cent to end the day at Rs 81.40 per share on the BSE, on the back of heavy volumes on the BSE after the stock shifted to normal trading segment with effect from today from the restricted segment.

The rupee traded on a firm note on Tuesday, rising to a two-month high of 71.28 against US dollar in intra-day trade, up from its previous of 71.65 against the greenback.
 
GLOBAL MARKETS

Asian stock markets skidded on Tuesday and Europe was expected to follow, pressured by sharp losses on Wall Street as technology firms tumbled on worries about slackening demand.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2 per cent. Tech stocks were under pressure across Asia following US losses. In Seoul, Samsung Electronics fell 2 per cent and SK Hynix Inc dropped 3.5 per cent, while Japan's Tokyo Electron was down 1.8 per cent, Advantest lost 2.7 per cent and Sony Corp shed 3.1 per cent.

Japan's Nikkei slipped 1.1 per cent, with shares of Nissan Motor Co tumbling than 5 per cent after its Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct. He will be fired from the board this week.

(with wire inputs)

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