Last-hour selling drags Sensex lower by 324 points, Nifty ends below 11,500
All that happened in the markets today
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Investors on Tuesday went on a last-hour selling spree to bring down the benchmark indices which ended with substantial losses for the second consecutive day. Bank stocks and industry heavyweights like Reliance Industries, ICICI Bank, ITC, Tata Motors and Indian Oil Corporation (IOC) dragged the indices down with the Nifty50 giving up 11,500 level.
The S&P BSE Sensex ended the day 324 points, or 0.84 per cent, lower at 38,277, with Tata Motors, ICICI Bank, Bharti Airtel, Reliance Industries, and Vedanta among the top losers. Only seven of the 30 constituents of the BSE ended the day with gains.
The broader Nifty50 lost over 200 points, or 0.87 per cent, to settle the day at 11,498. advance decline
Among sectoral indices, only Nifty IT ended in green. The Nifty Media index was the top loser, down 2.74 per cent while the Nifty PSU Bank index also slipped 2.2 per cent.
In the broader market, the S&P BSE MidCap index erased 144 points, or 0.98 per cent, at 14,523, while the S&P BSE SmallCap index ruled at 14,302, down 122 points, or 0.85 per cent.
Shares of home-grown FMCG firm Marico ended the day 5.59 per cent higher at Rs 359 on the BSE after the company reported strong set of numbers for the fourth quarter (January-March) of the financial year 2018-19 (FY19). READ MORE
Shares of ICICI Bank slipped 3.77 per cent during the day at Rs 386.25, a day after the lender reported 5 per cent fall in net profit for the quarter ended March 2019 (Q4) to Rs 969 crore. The decline in profit was due to higher operating expenses and treasury income plunging to Rs 156 crore versus Rs 2,685 crore a year-ago padded with Rs 3,320 crore of profit from stake sale in ICICI Securities. READ MORE
Bharti Airtel ended the day with a loss of 2.8 per cent at Rs 323.85 on the NSE despite the surprise 29 per cent rise the company posted in March quarter (FY19Q4) net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations. READ MORE
(With inputs from Reuters)
3:58 PM
» More on Most Active Volume
Most active stocks by volume
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| REL. COMM. | 2.05 | 0.09 | 4.59 | 23093194 |
| RELIANCE POWER | 6.05 | -0.56 | -8.47 | 12230864 |
| PC JEWELLER | 123.60 | 0.30 | 0.24 | 5135448 |
| DEWAN HSG. FIN. | 116.65 | -16.30 | -12.26 | 4111147 |
| YES BANK | 164.55 | -1.75 | -1.05 | 3364772 |
3:57 PM
» More on Top Losers
Top losers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| DEWAN HSG. FIN. | 115.70 | -17.25 | -12.97 | 4104786 |
| DISH TV | 31.55 | -3.35 | -9.60 | 2086173 |
| RELIANCE POWER | 6.10 | -0.51 | -7.72 | 12219983 |
| EVEREADY INDS. | 99.85 | -7.35 | -6.86 | 41424 |
| BOMBAY DYEING | 121.20 | -8.55 | -6.59 | 289684 |
3:56 PM
Heatmap: S&P BSE Sensex
3:55 PM
Nifty sectoral indices at close
3:55 PM
Market at close
3:41 PM
Market at close | NSE Nifty slides 100 points, or 0.87 per cent, to close at 11,497.90
3:40 PM
Market at close | BSE Sensex closes 324 points, or 0.84 per cent, lower at 38,276.63
3:17 PM
Nifty PSU Bank index is trading 2.2% lower
2:53 PM
NEWS ALERT | Escorts Q4 result
- Net profit at Rs 121.3 crore
- Revenue at Rs 1,631.6 crore
- EBITDA at Rs 189.9 crore
- EBITDA margin at 11.6%
- Revenue at Rs 1,631.6 crore
- EBITDA at Rs 189.9 crore
- EBITDA margin at 11.6%
2:44 PM
NEWS ALERT | Govt to consider re-allocation of Jet Airways' foreign routes: Agencies
- DGCA may consider re-allocating airline's foreign routes after May 10
- A meeting, regarding the same, is expected this week to take final call on Jet's domestic slots.
- A meeting, regarding the same, is expected this week to take final call on Jet's domestic slots.
2:39 PM
US-China trade tension to dent global growth, India GDP to slow too: Report
The ongoing tussle on trade between the United States (US) and China will dampen global growth and adversely impact corporate confidence and capex, says the latest Global Economics report by Morgan Stanley. READ MORE
2:32 PM
NEWS ALERT | Piramal Enterprises signs MoU with Canada Pension Plan Investment Board, reports CNBC TV18
- Sets up asset aggregation platform focused on renewables.
-They will co-sponsor a renewable energy focussed InvIT with a targetted initial corpus of $600 million
-They will co-sponsor a renewable energy focussed InvIT with a targetted initial corpus of $600 million
2:25 PM
Tata Motors slips almost 2.5%
2:17 PM
MARKET CHECK
2:09 PM
Zee Entertainment slips over 7%
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First Published: May 07 2019 | 7:36 AM IST