MARKET WRAP: Sensex plunges 488 pts, Nifty ends at 11,359; RIL sheds 3%
All that happened in markets today
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Benchmark indices ended lower for the sixth consecutive session on Wednesday amid across-the-board selling and weak global cues. The S&P BSE Sensex lost 488 points or 1.27 per cent to settle at 37,790 with Reliance Industries (RIL) being the top loser and Asian Paints the biggest gainer. RIL alone contributed around 153 points to the Sensex's fall.
The broader Nifty50 index of the National Stock Exchange (NSE) slipped below the crucial 11,400 level to end at 11,359, down 138 points or 1.2 per cent. Out of 50 constituents, 40 ended in the red and just 10 in the green.
SECTOR WATCH
All the sectoral indices on NSE ended in the red. Media stocks took the hardest knock, followed by realty and PSU bank stocks. The Nifty Media index settled at 2,134, down 101 points or 4.53 per cent.
STOCKS THAT MADE NEWS
Reliance Industries: Shares of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The stock has lost 7 per cent in the past three trading days. It ended at Rs 1,299.45 apiece on BSE, down over 3 per cent. READ MORE
Essel Group shares: Shares of Subhash Chandra-led Essel Group companies were under pressure on Wednesday with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8 per cent each on the BSE. The fall comes despite the group's assurance that the stake sale process of Zee Entertainment Enterprises was at an "advanced stage." At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled nearly 2 per cent lower at Rs 31.
Vodafone Idea: Vodafone Idea shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17 per cent in past two trading days on the BSE, on back of two-fold jump in trading volumes. The stock ended at Rs 14.35, down over 7 per cent.
BROADER MARKET
In line with benchmarks, the S&P BSE MidCap index shed 139.50 points or 1 per cent to end at 14,383 while the S&P BSE SmallCap closed the day at 14,129 levels, down 172 points or 1.21 per cent.
NEW LISTING
Neogen Chemicals, one of India's leading manufacturers of bromine-based and lithium-based specialty chemicals, listed its shares at Rs 251 apiece on BSE, a premium of 16.74 per cent against the issue price of Rs 215. The stock, eventually, ended at Rs 263.55, up 22.58 per cent against its issue price.
GLOBAL CUES
World shares held near five-week lows on Wednesday as renewed trade tensions and fears for the global economy drove investors into the safety of bonds
MSCI’s Asia-Pacific share index excluding Japan, fell almost one per cent to touch its lowest level since late-March, while the pan-European EuroStoxx index was flat, clawing its way back from multi-week lows
Japan Nikkei closed 1.66 per cent lower, KOSPI ended 0.41 per cent lower.
(With inputs from Reuters)
3:39 PM
Index contributors
3:38 PM
» More on Most Active Volume
Stocks most active by volume
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
|---|---|---|---|---|
| VODAFONE IDEA | 14.30 | -1.15 | -7.44 | 13858842 |
| RELIANCE POWER | 5.84 | -0.21 | -3.47 | 8151284 |
| CG POWER & INDU. | 39.05 | 2.55 | 6.99 | 3617787 |
| DISH TV | 31.05 | -0.75 | -2.36 | 2892561 |
| REL. COMM. | 2.15 | 0.10 | 4.88 | 2874574 |
3:37 PM
» More on Top Losers
Top losers on BSE
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| ZEE ENTERTAINMEN | 329.35 | -39.85 | -10.79 | 2870087 |
| EVEREADY INDS. | 90.65 | -10.05 | -9.98 | 168313 |
| J & K BANK | 54.10 | -4.65 | -7.91 | 80448 |
| VODAFONE IDEA | 14.30 | -1.15 | -7.44 | 13858842 |
| REDINGTON INDIA | 87.50 | -6.60 | -7.01 | 20024 |
3:36 PM
» More on Top Gainers
Top gainers on BSE
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| CG POWER & INDU. | 39.95 | 3.45 | 9.45 | 3526114 |
| REL. COMM. | 2.15 | 0.10 | 4.88 | 2871874 |
| EDELWEISS.FIN. | 146.40 | 6.70 | 4.80 | 225212 |
| SCHNEIDER ELECT. | 97.45 | 4.15 | 4.45 | 37233 |
| VARDHMAN TEXTILE | 1145.00 | 46.40 | 4.22 | 740 |
3:35 PM
Top gainers and losers on S&P BSE Sensex
3:34 PM
Market at close
3:34 PM
Market at close
3:34 PM
Sectoral gainers and losers on NSE
3:29 PM
Market Alert | Nifty50 down 146.3 points, trading at 11,351.60 levels
3:28 PM
Market Alert | BSE Sensex plummets 500 points, trading at 37,768.47
3:00 PM
Index contributors at this hour
2:59 PM
Top gainers and losers on S&P BSE Sensex
2:58 PM
Sectoral trends on NSE at this hour
2:56 PM
Nifty below 11,400 levels
2:55 PM
Market at day's low | Sensex sheds 400 points
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First Published: May 08 2019 | 7:40 AM IST
