Business Standard

Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Image SI Reporter New Delhi


Domestic markets edged lower in Thursday's trade to snap two-day winning streak, as global mood turned sour after weaker-than-expected US economic data. 

Key indices Nifty50 closed at 18,107 levels, down 57 points or 0.3 per cent, whereas the S&P BSE Sensex declined 187 points or 0.3 per cent to close at 60,858 levels. During the course of the day, the 50-packed index slipped over 100 points to hit day's low of 18,063 and the S&P BSE Sensex lowered over 300 points to hit day's low of 60,716.

Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Apart from Nifty IT and Nifty PSU Bank indices, which logged marginal gains, all sectors drowned in the sea of red. Nifty Media, and Nifty FMCG indices, were the worst hit as they fell up to 1 per cent.

Among individual stocks, shares of Adani Enterprises (AEL) hit an over two-month low of Rs 3,463.50, down 4 per cent on the BSE in Thursday’s intra-day trade after the company set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO). READ MORE  


The US equity futures were tepid in Thursday's trade ahead of economic data and speeches from Federal Reserve officials. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures dropped up to 0.3 per cent.

European markets, too, retreated in trade this noon as Stoxx 600, CAC 40, DAX, and FTSE 100, dropped up to 0.7 per cent.
4:10 PM

CLOSING VIEW: Weak US consumer data, hawkish Fed officials hammer risk appetite

Domestic indices snapped their previous gains amid negative sentiments from their global counterparts. Weak US consumer data and hawkish comments from the Fed's policymakers on Wednesday hammered investor risk appetite. Lingering fears of recession dragged global bourses down, leaving the market volatile.

Views by  Vinod Nair, Head of Research at Geojit Financial Services.
4:07 PM

Rupee weakens to end at 81.36/$ vs Wednesday’s close of 81.24/$

Indian rupee
4:04 PM

Datamatics Global rallies 11%; Q3 revenue, PAT rise 24% YoY

Net profit up 24.1% at Rs 45.9 cr Vs Rs 37 cr (YoY)         
Revenue up 23.9% at Rs 372.6 cr Vs Rs 300.8 cr (YoY)
EBIDTA up 16.7% at Rs 59 cr Vs Rs 50.5 cr (YoY)
Margin at 15.8% Vs 16.8% (YoY)
4:02 PM

Happiest Minds slips 1%; Q3 profit down 3% QoQ

Net profit down 3.1% At Rs 57.6 cr vs Rs 59.4 cr (QoQ)
Revenue up 3.2% at Rs 366.9 cr Vs Rs 355.5 cr (QoQ)
EBIT down 1.6% at Rs 79.5 cr Vs Rs 80.8 cr (QoQ)
Margin at 21.7% Vs 22.7% (QoQ)
3:58 PM

Polycab reports highest ever quarterly PAT in Q3; stock gains 3%

Q3 FY23 Revenue at Rs 37,152 mn; up 10% YoY
Q3 FY23 EBITDA at Rs 5,030 mn; up 39% YoY
Q3 FY23 PAT at Rs 3,608 mn; up 45% YoY

3:55 PM

Persistent Systems zooms 7% as storng TCV in Q3 cheers investors


3:50 PM

Asian Paints drops 3% as Q3 results disappoint Street

The company reported a 6.37 per cent  yearly growth in consolidated net profit at Rs 1,097.06 crore for Q3FY23, below estimates.

3:49 PM

HUL closes 1% lower ahead of Q3 results


3:47 PM

FMCG index worst hit; oil & gas, IT, PSB pockets defy weakness

3:44 PM

Rallis, Nureca, GTPL top Smallcap losers; Greenlam surges 12%


3:42 PM

Midcaps end with slimmer cut; Smallcap index falls in line with Sensex


3:41 PM

Adani Enterprises, Adani Ports claim top losers spot on Nifty


3:38 PM

Coal India, UPL additional winners on Nifty


3:36 PM

HEATMAP: 10 of 30 Sensex stocks eke out gains; Asian Paints top drag


3:34 PM

CLOSING BELL: Nifty sheds 57 pts to end near 18,100



Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 19 2023 | 7:49 AM IST

Explore News