Market Wrap: Sensex closes 100 points lower, Nifty at 10,370, PSU bank stocks fall
BSE Sensex closed lower by 105.85 points at 33,618.59, while the Nifty 50 fell 29.30 points to close at 10,370.25. Here are the latest updates from the markets
- 3.34 pm ISTClosing bell
- 3.05 pm ISTSectoral indices
- 2.22 pm ISTMarket update
- 2.15 pm ISTRupee hits two-week high; bond yield edges down
- 1.28 pm ISTBHEL shares rise on new order
- 1.25 pm ISTJindal Drilling receives contract from ONGC
- 12.27 pm ISTMarket update
- 12.25 pm ISTTop gainers and losers
- 11.23 am ISTGMR plans IPO by June 2018
- 10.47 am ISTMarket update
- 10.40 am ISTTime Technoplast shares gain as brokerage firm raises price target
- 10.35 am ISTMahanagar Gas shares rise
- 10.30 am ISTRallis India shares up on stake sake
- 10.25 am ISTICICI Prudential’s Bharat 22 ETF rises 3.5% on market debut
- 9.40 am ISTRCom shares fall 7% as China Development Bank files insolvency case
- 9.35 am ISTGlenmark Pharma shares fall 2% after US FDA issues observations
- 9.30 am ISTEris Lifesciences shares gain on outperform rating from Credit Suisse
- 9.22 am ISTSensex, Nifty open lower
- 9.16 am ISTRupee trades lower against US dollar
- 9.13 am ISTBond yield rises
- 9.10 am ISTAsian currencies trade lower
- Mumbai: BSE Sensex and NSE Nifty closed lower on Tuesday, breaking their eight-day winning streak dragged by market heavyweights such as Reliance Industries, Infosys, Sun Pharma and ICICI Bank. Traders are also cautious ahead of September-quarter gross domestic product (GDP) data due on 30 November. PSU bank, consumer durables and oil and gas stocks suffered most losses. Maruti, HDFC, Coal India and Asian Paints were the top gainers, whereas shares of NTPC, Bharti Airtel and Infosys fell. BSE Midcap and Smallcap rose 0.10% and 0.27%, respectively. Here are the latest updates from the markets:
- 3.05 pm IST Sectoral indicesAmong the sectoral indices, the BSE Telecom fell most at 1.23% followed by consumer durables 0.87%, teck 0.64% and IT 0.56%. On the NSE, the Nifty PSU Bank fell 1%. Consumer discretionary and goods services, basic materials, FMCG, finance, auto and metal were trading in positive territory.
- 2.15 pm IST Rupee hits two-week high; bond yield edges downThe rupee was trading at 64.40 a dollar, up 0.16% from its Friday’s close of 64.50. The rupee opened at 64.49 a dollar and touched a high of 64.36—a level last seen on 20 September.After hitting 15 month high, bond yield fell marginally. The 10-year bond yield was at 7.055%, compared to its previous close of 7.056%. Bond yields and prices move in opposite directions.
- 11.23 am IST GMR plans IPO by June 2018GMR Airports Ltd, which operates India’s largest airport in New Delhi, is meeting investment bankers across three days, starting Monday, as it prepares to launch its initial share offering (IPO) planned by June, a person aware of the matter told Mint.
- 10.25 am IST ICICI Prudential’s Bharat 22 ETF rises 3.5% on market debutThe Bharat 22 exchange-traded fund (ETF), operated by ICICI Prudential Asset Management Co., rose as much as 3.5% on its debut on Tuesday, after the issue saw a robust response earlier this month.
ICICI Prudential"s Bharat 22 ETF rises 3.50% on market debut https://t.co/sGWTzp4bIZ— Livemint (@livemint) November 28, 2017
- 9.40 am IST RCom shares fall 7% as China Development Bank files insolvency caseReliance Communications Ltd fell 7% to Rs12.45 after China Development Bank has become the first lender to file a case against debt-ridden Reliance Communications Ltd (RCom) under the Insolvency and Bankruptcy Code.
- 9.16 am IST Rupee trades lower against US dollarThe Indian rupee on Tuesday was trading marginally lower against the US dollar, tracking losses in the Asian currencies market. The home currency was trading at 64.56 a dollar, down 0.08% from its Monday’s close of 64.50. The rupee opened at 64.49 a dollar.
- 9.13 am IST Bond yield risesIndia’s 10-year bond yield on Tuesday gained for sixth consecutive session to hit a 15-month high as traders were concerned on fiscal slippages after government’s goods and services tax collection slipped nearly 10% from a month ago. The 10-year bond yield was at 7.073%, a level last seen on 6 September 2016, compared to its previous close of 7.056%.
- 9.10 am IST Asian currencies trade lowerAsian currencies were trading lower. China offshore spot was down 0.14%, Japanese yen 0.14%, South Korean won 0.12%, China renminbi 0.12%, Indonesian rupiah 0.11%, Malaysian ringgit 0.09% and Singapore dollar 0.07%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 92.917, up 0.03% from its previous close of 92.904.