Market Wrap: Sensex closes lower, Nifty ends flat, auto, pharma stocks top losers
BSE Sensex closed lower by 18.88 points at 33,793.38, while the Nifty 50 ended little changed at 10,443.20, up 1 point. Here are the latest updates
Last Modified: Wed, Jan 03 2018. 05 11 PM IST
- 3.34 pm ISTClosing bell
- 2.10 pm ISTMarket update
- 2.08 pm ISTRupee trades lower against US dollar
- 2.05 pm ISTEuropean shares trade higher
- 2 pm ISTDr. Reddy’s shares fall on report of receiving EIR
- 12.54 pm ISTMarket update
- 12.50 pm ISTUco Bank to issue shares to govt
- 12.48 pm ISTCrude at 31-month high, oil marketing companies likely to be under pressure
- 12.45 pm ISTGlobal gold prices edge down after hitting 3-1/2-month highs
- 12.05 pm ISTDr. Reddy’s Labs shares fall over 4%
- 12.02 pm ISTLoyal Equipments shares jump on new order
- 10.50 am ISTMarket update
- 10.47 am ISTLasa Supergenerics shares gain 5%
- 10.45 am ISTIndowind Energy shares rise on fund raising plan
- 10.43 am ISTOrient Green Power shares gain on asset sale
- 10.40 am ISTGallantt Ispat shares surge 20% after Sebi revokes shell company status
- 9.45 am ISTRIL shares gain over 1%
- 9.43 am ISTFertiliser stocks trade higher
- 9.40 am ISTTitan shares rise on Q3 growth
- 9.38 am ISTRupee trades lower against US dollar
- 9.28 am ISTMarket update
- Mumbai: BSE Sensex closed marginally lower, while the NSE Nifty ended unchanged on Wednesday as investors are cautious ahead of key corporate results starting next week. Investors in India are awaiting corporate results, including from TCS and Infosys that are scheduled next week. Among the sectoral indices on BSE, capital goods, basic materials and metal gained most at 1.49%, 1.48% and 1.35%, respectively. Adani Ports, L&T, ICICI Bank and Yes Bank were top gainers, whereas shares of Dr. Reddy’s Labs, Wipro, ONGC and Bajaj Auto fell. Meanwhile, the smallcap was up 0.98% and the midcap ended 0.53% higher.
- 3.34 pm IST Closing bellBSE Sensex closed lower by 18.88 points, or 0.06%, to 33,793.38, while the Nifty 50 ended little changed at 10,443.20, up 1 point, or 0.01%.
- 2.08 pm IST Rupee trades lower against US dollarThe rupee was trading at 63.51 a dollar, down 0.05% from its Tuesday’s close of 63.48. The rupee opened at 63.58 a dollar and touched a high and a low of 63.46 and 63.58 respectively. The 10-year bond yield was at 7.382% compared to its previous close of 7.386%.
- 2.05 pm IST European shares trade higherEurope’s major stock markets advanced in opening deals after yet another record-breaking session on Wall Street. London’s benchmark FTSE 100 index gained almost 0.2% to 7,660.54 points compared with the closing level on Tuesday. In the eurozone, the Paris CAC 40 added 0.1% to 5,295.31 and Frankfurt’s DAX 30 rose 0.3% to 12,916.18 points.
- 2 pm IST Dr. Reddy’s shares fall on report of receiving EIRDr Reddy’s Laboratories Ltd fell 2.5% to Rs 2348 after CNBC TV reported that an EIR has been issued to the company’s Duvvada facility. The report further states that Duvvada facility status continues to be classified as official action initiated (OAI).
- 12.48 pm IST Crude at 31-month high, oil marketing companies likely to be under pressureMost OMC stocks, including IOC and HPCL, have under-performed BSE Oil & Gas index, in the three months ending December
Crude at 31-month high, oil marketing companies likely to be under pressure https://t.co/VIb9FEiCuO— Livemint (@livemint) January 3, 2018
- 12.45 pm IST Global gold prices edge down after hitting 3-1/2-month highsGold prices edged down on Wednesday after hitting a 3-1/2-month high, as the dollar recovered from its lows and technical indicators pointed to a short-term correction. Spot gold fell 0.4% to $1,312.71 an ounce at 8.27am. The precious metal earlier hit $1,321.33, its highest level since 15 September. US gold futures were mostly unchanged at $1,315.60 an ounce.
- 9.45 am IST RIL shares gain over 1%Reliance Industries Ltd rose 1.3% to Rs923.45 after the company said it commissioned its refinery off-gas cracker (ROGC) complex of 1.5 million tonnes per annum (mtpa) capacity along with downstream plants and utilities. This marks the end of the $16 billion refining and petrochemicals expansion plan that RIL embarked on in 2014.
- 9.38 am IST Rupee trades lower against US dollarThe Indian rupee opened marginally lower against US dollar on Wednesday, retreating from over 29-month high it scaled on Tuesday. The home currency was trading at 63.56 a dollar, down 0.12% from its Tuesday’s close of 63.48—a level last seen on 17 July 2015. The 10-year bond yield was at 7.407% compared to its previous close of 7.386%.