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Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Catch all that happened in the market here

SI Reporter  |  New Delhi 

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Illustration: Ajay Mohanty

Extending losses for the fourth straight session, the benchmark indices ended pared some intra-day losses but still ended lower led by losses in pharma, auto and banking stocks. Individual stocks also dragged the sentiment on poor June-quarter result show. 

During the day, Nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months while Sensex fell 375 points, largest drop in almost 3 weeks.

Tata Motor's shares fell over 8% to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors.

Global sentiment was largely weak with Asian stocks falling as investors fretted about the simmering tensions between the United States and North Korea.

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Analyst View:   Anand James, Chief Market Strategist, Geojit Financial Services says: Markets continue to appear guarded against any further regulatory measures, and persisted with profit booking. High beta stocks withdrew sharply and bear grip was especially strong on realty sector in which SEBI list found many companies. Global cues have also remained subdued due to geopolitical tensions. The corrections however may have helped address valuation concerns raised while Nifty was well above 10,000.  

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Realty sector fell over 5% in todays trade: DLF fell over 6% followed by India Bulls Real Estate (down 5.7%), Prestige Realty (down 4%), Sobha (down 2.6%) and Unitech (down 1.9%)

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Nifty IT index was the only sectoral index that ended in green.  Source: NSE

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Tata Motor's shares ended over 8% lower to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors.

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Top gainers and losers on Sensex Source: BSE

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Broader markets underperformed the enchmark indices with BSE Midcap and BSE Smallcap down 2.6% ans 2.9% respectively

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Extending losses for the fourth straight session, the benchmark indices ended pared some intra-day losses but still ended lower led by losses in pharma, auto and banking stocks. Individual stocks also dragged the sentiment on poor June-quarter result show.  The S&P BSE Sensex ended the day at 31,531, down 266 points while the broader Nifty50 index settled at 9,820, down 88 points

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Four companies – Bharat Forge, Bharat Heavy Electricals Limited (BHEL), Bharat Electronics and Manpasand Beverages – have announced bonus shares on Thursday.   The board of directors of Bharat Forge and Manpasand Beverages have recommended issuing bonus shares to holders of equity shares of the companies in the ratio of 1:1 i.e. one bonus equity share for every one fully paid-up equity shares held. Click here for more details

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Broader markets Midcap index sees biggest intra-day fall since November 2016 while Smallcap witnesses biggest fall in 11 months

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

The broader markets underperformed the benchmark indices with the BSE Midcap and BSE Smallcap indices falling 2.8% and 3.7% respectively

Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Dr Reddy's Labs plunged 5% after it said Bachupally manufacturing unit (in Hyderabad) is not renewed by German regulator post inspection.   The unit won't be able to despatch to European Union until next inspection, it added.

First Published: Thu, August 10 2017. 15:34 IST
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Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Catch all that happened in the market here

Extending losses for the fourth straight session, the benchmark indices ended pared some intra-day losses but still ended lower led by losses in pharma, auto and banking stocks. Individual stocks also dragged the sentiment on poor June-quarter result show. 

During the day, Nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months while Sensex fell 375 points, largest drop in almost 3 weeks.

Tata Motor's shares fell over 8% to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors.

Global sentiment was largely weak with Asian stocks falling as investors fretted about the simmering tensions between the United States and North Korea.

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