You are here: Home » Markets » News
Business Standard

Market Wrap, Oct 3: Sensex loses 199 pts; YES Bank zooms 33%

On the NSE, the Nifty50 index ended at 11,313.10, down 47 points or 0.41 per cent.

Topics
MARKET WRAP

BS Web Team  |  New Delhi 

Weak global cues, selling in index heavyweights such as HDFC twins, Infosys, and Axis Bank and cautiousness ahead of the release of RBI monetary policy due Friday weighed on the investor sentiment on Thursday.

The benchmark S&P BSE Sensex lost 199 points or 0.52 per cent to settle at 38,106.87, with Vedanta (down around 5 per cent) being the top drag and YES Bank (up 33 per cent) the biggest gainer. During the day, the index hit an intra-day high and low of 38,310.93 and 37,957.56, respectively.

Among individual stocks, YES Bank logged the biggest ever one-day gain after its chief executive officer (CEO) Ravneet Gill assured investors that the bank remains on solid financial footing. The stock ended at Rs 42.55 apiece on the BSE, up 33 per cent.

Market breadth remained in favour of the bears as out of 2,651 companies traded on the BSE, 961 advanced and 1,530 declined while 160 scrips remained unchanged.

In the broader market, the S&P BSE MidCap index closed at 13,844.48, down 42 points or 0.30 per cent while the S&P BSE SmallCap index shed 49 points or 0.38 per cent to end at 12,910.18.

On the NSE, the Nifty50 index ended at 11,313.10, down 47 points or 0.41 per cent. Volatility index India VIX jumped nearly 6 per cent to 17.70 levels.

Sectorally, most sectoral indices on the NSE ended in the red with metal stocks leading the decline. The Nifty Metal index slipped 3 per cent to 2,325 levels, with 14 out of 15 components ending in the red. Nifty Fin Service index dropped over 1 per cent to 12,843.55 levels. On the other hand, realty stocks surged the most with the Nifty Realty index gaining over 1 per cent to 250.90 levels.

Top stocks that made today -

Shares of IndusInd Bank slipped for the fourth straight day, hitting an over two-year low of Rs 1,220 during the intra-day trade on concerns over exposure to stressed sectors. The stock eventually settled at Rs 1,256.60 apiece on the BSE.

Shares of Abbott India hit an all-time high of Rs 11,297, up 4 per cent on the BSE on Thursday in an otherwise range-bound market, on hopes that high growth momentum will continue. The scrip ended at Rs 10,926, up over half a per cent.

Paper stocks slipped up to 12% as govt shelves plan to ban single-use plastic.

Further, as many as 165 securities on the NSE hit their 52-week low today. Just Dial witnessed the biggest spurt in open interest (OI) today at 22.91 per cent, followed by BPCL (up 16 per cent) and IndusInd Bank (also 16%).

In the primary market, the IPO of IRCTC was subscribed 112 times till 4:00 pm. The issue closes today.

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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 03 2019. 16:57 IST
RECOMMENDED FOR YOU
.