MARKET WRAP: Sensex slips 135 pts, Nifty ends at 11,753; Jet crashes 32%
All that happened in markets today.
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Selling in banks, realty and metal counters dragged the domestic equity market lower on Thursday. The headline index, S&P BSE Sensex lost 135 points or 0.34 per cent to settle at 39,140, with YES Bank being the biggest loser and Reliance Industries (RIL) the top gainer.
Out of 30 components, 22 scrips ended in the red and rest eight in the green.
Market breadth remained in favour of declines as out of 2,727 securities traded on BSE, 1,671 declined and 888 advanced while 168 scrips remained unchanged.
The broader Nifty50 index of the National Stock Exchange (NSE) lost 34 points or 0.29 per cent to end at 11,753.
On a weekly basis, both the indices gained around 1 per cent.
In the broader market, the S&P BSE Midcap index slipped 138 points or nearly 1 0.89 per cent to close at 15,382.57 while the S&P BSE Smallcap index ended at 15,021, down around 150 points or 1 per cent.
SECTOR WATCH
All the sectoral indices ended in the negative territory with realty stocks taking the hardest knoock, followed by media and PSU banks.
BUZZING STOCKS
Reliance Industries (RIL) ended nearly 3 per cent higher at Rs 1,383 apiece on the BSE ahead of its Q4FY19 results.
Jet Airways crashed 32 per cent to Rs 169 apiece on the BSE after it halted all operations.
Shares of Deepak Fertilisers & Petrochemicals Corporation rose by 4 per cent to Rs 162.95 in intra-day trade on the BSE on Thursday after the company announced the commercial production of nitric acid complex at Dahej, Gujarat. It closed at Rs 159, up over 1 per cent.
Market will remain closed tomorrow on account of Good Friday.
GLOBAL CUES
Asian shares dipped on Thursday amid subdued trade after losses on Wall Street and some profit-taking ahead of a long Easter weekend.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4 per cent, reversing course after brushing its highest since late July 2018 early in the trading session. Australian shares were a shade lower while Japan’s Nikkei dropped 0.8 per cent and Chinese blue chips slipped 0.2 per cent.
(With inputs from Reuters)
4:09 PM
Market comment: Jayant Manglik, President, Retail Distribution, Religare Broking
Markets ended marginally lower amid volatility, taking a breather after the recent up move. Nifty opened with an uptick, taking note of favourable local cues but, caution ahead of the Reliance results triggered profit taking as the day progressed. Most sectoral indices traded in line with the benchmark index and ended lower. Markets will first react to Reliance and HDFC bank’s numbers next week. We may see further consolidation in Nifty but bias would remain on the positive side. Traders should maintain caution especially on broader front as midcap and smallcap counters react sharply during such scenario. Also, we suggest keeping close watch on earnings season for cues.
4:06 PM
Sectoral gainers and losers on NSE
4:05 PM
Top gainers and losers on the S&P BSE Sensex
3:50 PM
Jet Airways fell over 32% after the airline temporarily shut operations
3:36 PM
MARKET AT CLOSE
3:34 PM
Market at Close | Nifty50 closes at 11,752.80, down 34 points or 0.29%
3:31 PM
Market at Close | BSE Sensex closes at 39,140.28, down 135 points or 0.34%
3:22 PM
Sector watch: Aviation
| COMPANY NAME | LATEST | HIGH | LOW |
CHG (rs) | CHG(%) |
VALUE (rs CR) | VOLUME |
|---|---|---|---|---|---|---|---|
| SPICEJET | 136.45 | 152.60 | 136.00 | 3.75 | 2.83 | 272.25 | 19952562 |
| JET AIRWAYS | 162.85 | 217.70 | 158.10 | -79.00 | -32.66 | 92.65 | 5689549 |
| INTERGLOBE AVIAT | 1555.15 | 1650.00 | 1544.10 | -28.00 | -1.77 | 53.97 | 347040 |
| GLOBAL VECTRA | 116.40 | 127.00 | 112.10 | 0.50 | 0.43 | 1.88 | 161549 |
| TAAL ENTERPRISES | 270.00 | 290.00 | 266.25 | -0.10 | -0.04 | 0.03 | 1243 |
| JAGSON AIRLINES | 0.67 | 0.71 | 0.67 | -0.03 | -4.29 | 0.00 | 351 |
3:18 PM
Stock watch :: Rane Group stocks rally at the bourses
| COMPANY | LATEST | PREV CLOSE | GAIN(Rs) | GAIN(%) |
|---|---|---|---|---|
| RANE HOLDINGS | 1414.60 | 1178.85 | 235.75 | 20.00 |
| RANE BRAKE LIN. | 708.40 | 590.35 | 118.05 | 20.00 |
| RANE ENGINE VAL. | 547.20 | 456.00 | 91.20 | 20.00 |
| RANE (MADRAS) | 411.00 | 347.55 | 63.45 | 18.26 |
3:14 PM
February Telecom Data
Vodafone-Idea cellular loses 57.9 lakh users against loss of 35.9 lakh users on monthly basis
The company also managed to arrest the rapid ARPU decline, with their minimum value recharge and bundled plan offering
3:12 PM
February Telecom Data
Bharti Airtel loses 49,896 users against addition of 1.03 lakh users
Airtel
3:08 PM
February Telecom Data
Reliance Jio added 77.9 lakh customers vs 93.2 lakh Month on Month
3:03 PM
Top gainers on Nifty
2:50 PM
» More on Most Active Volume
Most active stocks by volume
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| SPICEJET | 139.95 | 7.25 | 5.46 | 17562370 |
| PC JEWELLER | 145.95 | -0.05 | -0.03 | 9436105 |
| RELIANCE POWER | 8.49 | -0.98 | -10.35 | 8456698 |
| REL. COMM. | 2.20 | -0.11 | -4.76 | 5326647 |
| JET AIRWAYS | 160.80 | -81.05 | -33.51 | 4710360 |
2:50 PM
» More on Top Losers
Top losers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| JET AIRWAYS | 163.20 | -78.65 | -32.52 | 4913399 |
| RELIANCE POWER | 8.50 | -0.97 | -10.24 | 8570493 |
| RELIANCE CAPITAL | 156.50 | -16.80 | -9.69 | 1780978 |
| DEWAN HSG. FIN. | 159.25 | -11.40 | -6.68 | 2332665 |
| WESTLIFE DEVELOP | 411.45 | -28.60 | -6.50 | 1639368 |
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First Published: Apr 18 2019 | 7:31 AM IST
