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Business News/ Market / Stock-market-news/  Market wrap: Sensex closes below 36000 before Budget 2018, Nifty stays above 11,000
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Market wrap: Sensex closes below 36000 before Budget 2018, Nifty stays above 11,000

BSE Sensex closed lower by 68.71 points to 35,965.02, while the Nifty 50 fell 21.95 points to close at 11,027.70. here are the latest updates from the markets

BSE Sensex and NSE Nifty closed lower on Wednesday. Photo: MintPremium
BSE Sensex and NSE Nifty closed lower on Wednesday. Photo: Mint

MUMBAI :Mumbai: Benchmark indices BSE Sensex and NSE Nifty 50 ended lower for the second day amid caution ahead of the Union budget on 1 February and fresh outflow by foreign funds. Consumer durables, capital goods, IT, healthcare and teck stocks dropped in the early trading. The NSE Nifty 50 was trading lower in the morning hours. Metal, pharma, FMCG and IT stocks suffered losses. Traders are awaiting fiscal deficit data for April-December and annual GDP data for fiscal year 2017 due after 4.30pm. Foreign funds sold shares worth Rs105.56 crore, while domestic investors offloaded equities worth Rs281.65 crore on Tuesday, provisional data showed. Traders are awaiting fiscal deficit data for April-December and annual GDP data for fiscal year 2017 due after 4.30pm. Here are the highlights from the markets:

31 Jan 2018, 03:42:00 PM IST

Closing bell

BSE Sensex closed lower by 68.71 points, or 0.19%, to 35,965.02, while the Nifty 50 fell 21.95 points, or 0.20%, to close at 11,027.70.

31 Jan 2018, 02:23:00 PM IST

Dabur India shares down 2%

Dabur India Ltd reported a consolidated net profit of Rs332 crore in the December 2017 quarter, compared to a profit of Rs294 crore in the same period a year ago. The company’s third-quarter revenue from operations stood at Rs1966 crore versus Rs1853 crore last year. Shares fell 2.26% to Rs350.45.

31 Jan 2018, 02:20:00 PM IST

Timex Group shares fall 5% after Q3 earnings

Timex Group India Ltd shares slumped 5.23% to Rs62.50 after the company reported a net loss of Rs4.53 crore in the December 2017 quarter versus a loss of Rs7.1 crore a year ago.

31 Jan 2018, 02:17:00 PM IST

Phillips Carbon shares fall 4%

Phillips Carbon Black Ltd said its board has approved raising of funds for amount not exceeding Rs500 crore, and a share split. Shares traded 3.90% down at Rs1220.

31 Jan 2018, 02:15:00 PM IST

European shares trade higher

Europe’s major stock markets advanced in opening trade, rebounding from the previous day’s losses ahead of a US Federal Reserve interest rate decision. London’s benchmark FTSE 100 rose 0.1% to 7,597.88 points. In the eurozone, Frankfurt’s DAX 30 added 0.8% to 13,223.97 points and the Paris CAC 40 climbed 0.2% to 5,483.51 points.

31 Jan 2018, 02:13:00 PM IST

Rupee trades lower against US dollar

The Indian rupee weakened for a third session against US dollar, tracking losses in the local equity markets before the 2018 budget. At 2pm, the home currency was trading at 63.66 a dollar, down 0.07% from its Tuesday’s close of 63.61. The rupee opened at 63.68 a dollar and touched a high and a low of 63.64 and 63.75, respectively. The 10-year bond yield was at 7.421% compared to its previous close of 7.442%.

31 Jan 2018, 01:13:00 PM IST

Market update

BSE Sensex traded lower by 166.57 points, or 0.46%, to 35,867.16, while the Nifty 50 fell 55.75 points, or 0.50%, to 10,993.90.

31 Jan 2018, 01:10:00 PM IST

Pharma stocks tumble

Pharma stocks trade lower with BSE Healthcare down 1.72%. Divi’s Labs fell 5.33%, Syngene International 4.37%, Dr. Reddy’s Labs 4.21%, Strides Shasun 2.89% and Lupin 2.73%.

31 Jan 2018, 01:07:00 PM IST

Sectoral indices

Sixteen out of 19 sectoral indices traded lower led by healthcare, which was down 1.72%, metal 1.32%, consumer durables 1.19%, consumer discretionary goods 0.89% and IT 0.65%.

31 Jan 2018, 01:05:00 PM IST

Suven Life Sciences gets product patent from Aripo, South Korea

Suven Life Sciences Ltd said that it has received a product patent from each Aripo and South Korea corresponding to the new chemical entities for the treatment of disorders associated with neurodegenerative diseases. Shares traded 0.40% up at Rs225.30.

31 Jan 2018, 11:35:00 AM IST

Market update

BSE Sensex traded lower by 130.36 points, or 0.36%, to 35,903.37, while the Nifty 50 fell 30.30 points, or 0.27%, to 11,019.35.

31 Jan 2018, 11:32:00 AM IST

ICICI Bank shares trade lower ahead of Q3 earnings

ICICI Bank Ltd shares fell 0.8% to Rs349.80 ahead of its December quarter earnings. According to 26 Bloomberg analysts estimate, the bank may report a net profit of Rs1902.50 crore.

31 Jan 2018, 11:28:00 AM IST

Jai Corp shares jump 10%

Jai Corp Ltd shares rose 10% to Rs188 after news report said that the Maharashtra Cabinet gives in-principle nod for integrated ind area to Navi Mumbai SEZ.

31 Jan 2018, 10:27:00 AM IST

Market update

BSE Sensex traded lower by 50.53 points, or 0.15%, to 35,981.20, while the Nifty 50 fell 7.45 points, or 0.07%, to 11,042.20.

31 Jan 2018, 10:23:00 AM IST

Bharat Electronics shares fall 5%

Bharat Electronics Ltd shares plunged 5% to Rs169 after the company said its board approved buyback of 20.40 million shares at Rs182.50 a share.

31 Jan 2018, 10:20:00 AM IST

Quess Corp shares decline after block deal

Quess Corp Ltd fell 6% to Rs983 after huge block deal. Around 3.4% stake of the company changed hands in a block deal, according to Bloomberg report. However details of the buyers and sellers were not known.

31 Jan 2018, 10:17:00 AM IST

Vakrangee shares down 5%

Vakrangee Ltd shares were down 5% to Rs432.80. According to Mumbai Mirror report the company has come under Securities Exchange Board of India’s (Sebi) investigation for alleged price and volume manipulation of its own scrip at Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

31 Jan 2018, 09:35:00 AM IST

Bajaj Auto shares fall on strike at two plants

Bajaj Auto Ltd shares fell 0.8% to Rs3,328.90 after the company said its workers went on indefinite hunger strike at Akurdi and Chakan plants.

31 Jan 2018, 09:33:00 AM IST

MCX India shares rise after Sebi notice to former officials

Multi Commodity Exchange of India Ltd (MCX) shares rose 1.5% to Rs782 after Sebi disposed of show cause notices against four former officials of MCX as alleged violation of insider trading rules by them could not be established.

31 Jan 2018, 09:30:00 AM IST

Havells India shares decline on block deal

Havells India Ltd fell 6% to Rs519.40 after a huge block deal. Around 10.40 million shares or 1.7% stake of the company changed hands in five block deals, according to a Bloomberg report. However, details of the buyers and sellers were not known.

31 Jan 2018, 09:27:00 AM IST

Rupee opens flat against US dollar

The Indian rupee was trading little changed against the US dollar on Wednesday as traders avoided taking long positions ahead of key events due later in the day. The rupee opened at 63.68 a dollar. At 9.15am, the home currency was trading at 63.64 a dollar, down 0.05% from its Tuesday’s close of 63.61. Bond yield gained for sixth consecutive month, its longest winning streak since 2000. The 10-year bond yield was at 7.421% compared to its previous close of 7.442%.

31 Jan 2018, 09:23:00 AM IST

Market update

BSE Sensex traded lower by 15.41 points, or 0.04%, to 36,018.32, while the Nifty 50 fell 25.10 points, or 0.23%, to 11,024.55.

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