You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Among the sectoral indices, the Nifty Auto index fell 2.6 per cent led by a sharp fall in Tata Motors.

SI Reporter  |  New Delhi 

The benchmark indices ended around 0.5 per cent lower on Tuesday after the rupee hit a fresh low of 74.27 against the US dollar and the Asian shares hit 17-month lows. The S&P BSE Sensex ended at 34,299, down 175 points, while the broader Nifty50 index settled at 10,301, down 47 points. During the day, rupee erased its initial gains to hit a new record low of 74.27 against the US dollar on Tuesday after Brent crude breached the $84 a barrel-mark again and the American currency strengthened overseas. READ MORE Among the sectoral indices, the Nifty Auto index ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Sectoral trends on NSE

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

MARKET AT CLOSE The S&P BSE Sensex closed 175 points down at 34,299.47 while NSE's Nifty50 index dropped 47 points to settle at 10,301. 

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

NEWS ALERT International Energy Agency warns oil market is entering the red zone: News Reports

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Gold nudges up on risk aversion amid China worries Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to 17-month lows amid concerns over a potential slowdown in China's economic growth.   Spot gold was up 0.2 per cent at $1,189.58 an ounce. On Monday, it fell 1.2 per cent, its biggest one-day percentage fall since Aug. 15, and also touched a more than one-week low of $1,183.19. US gold futures rose 0.4 per cent to $1,193.0 an ounce. READ MORE

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Govt denies media reports that OMCs might skip dividend payment this year   EconomiC Affairs Secretary S C Garg said in a Twitter post on Tuesday that media reports claiming state-run oil marketing companies might skip dividend payments to government were false. Some TV channels had earlier in the day reported citing sources that Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) were likely to skip their dividend payout for 2018-19, causing a hit of Rs 80-100 billion. Read More

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Nifty Metal index trades over 2% higher

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Are pipe companies a good investment idea?   Shares of pipe companies Supreme Industries, Astral Poly Technik and Finolex Industries rose on Tuesday after the global brokerage firm Jefferies initiated the coverage on them with a 'buy' rating. Shares of Astral Poly Technik climbed as much as 1.75 per cent in the intraday trade while those of Supreme Industries and Finolex Industries surged 2.60 per cent and 1.68 per cent, respectively. Read More

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

National Housing Bank raises cap on refinancing to Rs 300 billion   The National Housing Bank (NHB) on Monday enhanced the limit to refinance eligible housing finance institutions to Rs 300 billion for 2018-19 in the wake of the present liquidity position of the sector. For the present financial year, between July 2018 and June 2019, the NHB had initially set the refinance target at Rs 240 million. This refinancing is a “credit flow” to the housing finance companies facing liquidity crunch following a series of defaults by group of companies of IL&FS Ltd. Read More

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 34,379.88 -94.50 -0.27   S&P BSE SENSEX 50 10,791.39 -33.93 -0.31   S&P BSE SENSEX Next 50 29,609.18 -273.36 -0.91   S&P BSE 100 10,507.32 -42.27 -0.40   S&P BSE Bharat 22 Index 3,221.50 -18.81 -0.58 (Source: BSE)

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

IL&FS crisis: Microfinance sector likely to take a hit on cash crunch Growth in the microfinance sector might get constrained due to lack of capital, as banks have stared becoming selective in lending and non-banking finance companies (NBFCs) face liquidity squeeze following the IL&FS crisis. While bigger Micro Finance Institutions (MFIs) depend upon banks and money market to raise funds, mid and smaller MFIs depend on non-banking finance companies.   The series of defaults by Infrastructure Leasing and Financial Services (IL&FS) and its lending arm on financial instruments almost freezed the financing of NBFCs. READ MORE

First Published: Tue, October 09 2018. 08:06 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex slips 175 pts as rupee falls; Tata Motors falls 13%

Among the sectoral indices, the Nifty Auto index fell 2.6 per cent led by a sharp fall in Tata Motors.

The benchmark indices ended around 0.5 per cent lower on Tuesday after the rupee hit a fresh low of 74.27 against the US dollar and the Asian shares hit 17-month lows. The S&P BSE Sensex ended at 34,299, down 175 points, while the broader Nifty50 index settled at 10,301, down 47 points. During the day, rupee erased its initial gains to hit a new record low of 74.27 against the US dollar on Tuesday after Brent crude breached the $84 a barrel-mark again and the American currency strengthened overseas. READ MORE Among the sectoral indices, the Nifty Auto index ...

image
Business Standard
177 22