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Home >Market >Stock-market-news >Market wrap: Sensex closes 227 points down, Nifty below 10,240
BSE Sensex and NSE Nifty50 trade lower on Tuesday. Photo: Hindustan Times
BSE Sensex and NSE Nifty50 trade lower on Tuesday. Photo: Hindustan Times

Market wrap: Sensex closes 227 points down, Nifty below 10,240

BSE Sensex closes 227 points lower at 33,227.99, while the NSE Nifty50 falls 82.10 points to close at 10,240.15. Here are the latest updates and developments from the markets.

MUMBAI : Mumbai: Benchmark BSE Sensex closed 227 points down at 33,227.99, while the NSE Nifty50 falls 82.10 points to close at 10,240.15.Earlier today, shares edged down on investor caution higher global crude oil prices would stoke inflation and impact future interest rate decisions by the country’s central bank, with oil marketers and bank stocks weighing on the broader NSE index.Here are the latest updates and developments from the markets:

12 Dec 2017, 03:40:00 PM IST

Closing bell

BSE Sensex falls 227.80 points to close at 33,227.99, while the Nifty50 was down 82.10 points to 10,240.15

12 Dec 2017, 03:17:00 PM IST

Market update

BSE Sensex trades lower by 235.80 points, or 0.70%, at 33,219.99, while the Nifty50 falls 77.75 points, or 0.75%, to 10,244.50.

12 Dec 2017, 02:28:00 PM IST

Market update

BSE Sensex trades lower by 146.29 points, or 0.44%, at 33,309.50, while the Nifty50 falls 54.30 points, or 0.53%, to 10,267.95.

12 Dec 2017, 02:10:00 PM IST

Rupee, bond update

At 2.05pm, the 10-year bond yield was at 7.20%, a level last seen on 27 July 2016, compared to its previous close of 7.175%. Bond yields and prices move in opposite directions. The rupee was trading at 64.47 a dollar, down 0.16% from its Monday’s close of 64.37. The rupee opened at 64.46 a dollar.

12 Dec 2017, 01:30:00 PM IST

Market update

BSE Sensex trades lower by 161.04 points, or 0.48%, at 33,294.75, while the Nifty50 falls 55.55 points, or 0.54%, to 10,266.70.

12 Dec 2017, 01:07:00 PM IST

Dr Reddy’s shares surge 6% on receiving EIR from USFDA

Shares of Dr Reddy’s Laboratories on Tuesday surged over 6% in morning trade on the bourses after the company said it has received Establishment Inspection Report (EIR) from the USFDA for its Hyderabad facility. The company yesterday said it has received an EIR from USFDA on 11 December as closure of audit for its formulations manufacturing plant—3 at Bachupally, Hyderabad. Dr Reddy’s was issued a form 483 with 11 observations. Following the development, shares of the company opened on a bullish note at Rs2,306, then surged to a high of Rs2,328, registering a 6.13% jump over its previous closing price. Similar movement was seen on NSE, where the stock opened at Rs2,324.50 and touched a high of Rs2,326.40, up 6.08% over its last close. On 28 April the company had said:”These observations are mostly procedural in nature, reflecting the need to improve people’s capabilities and strengthen documentation and laboratory systems. We will address them comprehensively within the stipulated time”. (PTI)

12 Dec 2017, 12:21:00 PM IST

Market update

BSE Sensex trades lower by 139.85 points, or 0.42%, at 33,315.94, while the Nifty50 falls 50.20 points, or 0.49%, to 10,272.05.

12 Dec 2017, 12:00:00 PM IST

TCS shares trade lower by 1%

Shares of Tata Consultancy Services Ltd (TCS), India’s largest IT firm by market value, underperformed benchmark Nifty50 index for the fourth consecutive year in 2017. So far this year, TCS has gained 12.49% compared to a 26.1% rise of the 50-share index, according to data from Bloomberg. Read moreTCS shares were trading lower by 1.0% at Rs2,629.55 on BSE at 11.59am on Tuesday.

12 Dec 2017, 11:58:00 AM IST

Alembic Pharma gets USFDA go-ahead for bladder drug

Alembic Pharmaceuticals has received US health regulator’s nod for a drug used to treat overactive bladder with symptoms of urinary incontinence, urgency and frequency. “The company has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Darifenacin extended release tablets, 7.5mg and 15mg,” Alembic Pharmaceuticals said in a BSE filing on Tuesday.The approved product is equivalent to Enablex of Allergan Pharmaceuticals. According to IMS December 2016 data, Darifenacin extended release tablets had an estimated market size of $64 million. The company now has a total of 70 ANDA approvals from the USFDA.The stock was trading at Rs523.70, up 1.14%, on the BSE at 11.57am on Monday. (PTI)

12 Dec 2017, 11:30:00 AM IST

Market update

BSE Sensex trades lower by 143.36 points, or 0.43%, at 33,312.43, while the Nifty 50 falls 52.75 points, or 0.51%, to 10,269.50.

12 Dec 2017, 11:21:00 AM IST

Asian shares fall back as investors show caution over China

Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. Markets are awaiting the Federal Reserve meeting on Wednesday and the outcome of a major Chinese planning conference.Japan’s Nikkei 225 index was flat at 22,944.21 by midday Tuesday. South Korea’s Kospi dropped 0.5% to 2,460.06 and the Hang Seng index in Hong Kong sank 0.7% to 28,771,54. The Shanghai Composite index shed 0.4% to 3,307.57. The S&P ASX 200 added 0.1% to 6,001.70 but other regional markets were mostly lower. (PTI)

12 Dec 2017, 11:16:00 AM IST

Crude prices advance

Benchmark US crude gained 25 cents to $58.24 per barrel in electronic trading on the New York Mercantile Exchange. It advanced 63 cents, or 1.1%, to settle at $57.99 per barrel on Monday. Brent crude, the international standard, climbed 60 cents to $65.29 per barrel. It added $1.29, or 2%, to close at $64.69 per barrel in London.

12 Dec 2017, 11:11:00 AM IST

Bitcoin futures rise 20%

Bitcoin futures rose on their first day of trading on a major US exchange, with the first-ever futures contract gaining 20% to close at $18,545, according to data from Cboe Global Markets. The price of an actual bitcoin has soared since it began the year below $1,000 and was at $16,407.98 at 9.10am (03:40 GMT) on Tuesday, according to Coindesk.

12 Dec 2017, 11:09:00 AM IST

Dollar trades marginally lower against yen, Euro flat

The dollar edged down to 113.51 Japanese yen from 113.55 yen on late Monday. The euro was flat at $1.1770.

12 Dec 2017, 11:02:00 AM IST

US stocks traded higher on Monday

Technology and health-care companies led US stocks modestly higher Monday, driving the market to another set of milestones, with the Standard & Poor’s 500 index and Dow Jones industrial average finishing at new highs. The S&P 500 index rose 0.3% to 2,659.99. The Dow gained 0.2% to 24,386.03 and the Nasdaq composite added 0.5% to 6,875.08. The Russell 2000 index of smaller-company stocks slipped 0.1% to 1,519.84.

12 Dec 2017, 10:50:00 AM IST

PNB shares rise on share shale

Punjab National Bank shares rise 0.84% to Rs174.30. The state-run bank has launched a share sale to qualified institutions to raise at least Rs3,000 crores ($466.2 million) with an upsize option for another Rs2,000 crores, according to Reuters. Read more

12 Dec 2017, 10:40:00 AM IST

Market update

BSE Sensex trades lower by 111.85 points, or 0.33%, at 33,343.94, while the Nifty 50 falls 46.65 points, or 0.45%, to 10,275.80.

12 Dec 2017, 10:36:00 AM IST

Aviation stocks trade lower as crude prices surge

Aviation stocks, Jet Airways India Ltd falls 1.93%, SpiceJet Ltd 1.84%, InterGlobe Aviation Ltd 1.83%.

12 Dec 2017, 10:10:00 AM IST

MT Educare’s shares fall 5%

MT Educare Ltd’s shares falls 5% to Rs67.20 after the company said it reported a loss for September quarter to Rs42.28 lakh against a profit of Rs15.92 crore a year ago.

12 Dec 2017, 09:50:00 AM IST

Oil marketing, aviation firms trade lower as crude oil prices surge

Oil marketing and aviation companies were trading lower after crude oil prices surged past the $65 per barrel mark for the first time since June 2015. Hindustan Petroleum Corp. Ltd fell 1.8%, Bharat Petroleum Corp. Ltd 0.9%, and Indian Oil Corp. Ltd was down 1%. Among Aviation stocks, Jet Airways India Ltd fell 1.5%, SpiceJet Ltd 1.8% and InterGlobe Aviation Ltd 1.6%.

12 Dec 2017, 09:40:00 AM IST

Market update

BSE Sensex trades lower by 81.14 points, or 0.24%, at 33,374.65, while the Nifty 50 falls 31.70 points, or 0.31%, to 10,290.55.

12 Dec 2017, 09:38:00 AM IST

Dr Reddy’s shares rise 5%

Dr Reddy’s Laboratories Ltd rose 5% to Rs2,287.85 after the company said the US Food and Drug Administration (FDA) issued an Establishment Inspection Report (EIR), stating closure of audit for the company’s formulations manufacturing plant 3 at Bachupally in Hyderabad.

12 Dec 2017, 09:35:00 AM IST

10-year bond yield hits near 17-month high

The 10-year bond yield was at 7.226%, a level last seen on 27 July 2016, compared to its previous close of 7.175%. Bond yields and prices move in opposite directions. It gained for the fourth session to hit nearly 17-month high. Read more

12 Dec 2017, 09:30:00 AM IST

Rupee opens lower against US dollar

The rupee was trading at 64.44 a dollar, down 0.11% from its Monday’s close of 64.37. The rupee opened at 64.46 a dollar on Tuesday. Read more

12 Dec 2017, 09:25:00 AM IST

Sensex, Nifty open in the red

BSE Sensex trades lower by 76.56 points, or 0.23%, at 33,379.23, while the Nifty 50 falls 29.10 points, or 0.28%, to 10,293.

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