Active Stocks
Thu Dec 07 2023 15:57:50
  1. Bharti Airtel share price
  2. 998.75 -2.46%
  1. Reliance Industries share price
  2. 2,457.6 -0.13%
  1. Tata Steel share price
  2. 130 -1.37%
  1. Power Grid Corporation Of India share price
  2. 229.85 2.43%
  1. NTPC share price
  2. 284.05 1.03%
Business News/ Market / Stock-market-news/  Live: Sensex closes 313 points down; Nifty drops 89 points
Back Back

Live: Sensex closes 313 points down; Nifty drops 89 points

Here are the key developments affecting the domestic and international markets today

A file photo of the BSE building. Photo: Aniruddha Chowdhury/MintPremium
A file photo of the BSE building. Photo: Aniruddha Chowdhury/Mint

Sensex slumps 313.62 points to end at 27,643.88; Nifty plunges 88.70 points to settle at 8,370.25.

3.38: Shares of Eclerx Services Ltd fell 5.9% to 1500 after the company reported a 17.5% drop in its net profit to 53.18 crore as compared to 64.46 crore a year ago.

3:09pm: The Sensex has now shed 313 points or 1.12%. The Nifty has dropped 92 points or 1.09%.

Shares of Canara Bank fell 4% to Rs338. The bank reported a net profit of Rs612.96 crore, up 0.35% from a year ago to Rs610.83 crore. Gross NPA for the quarter was at 3.89% as compared to 3.35% a quarter ago.

2:30pm: The S&P BSE Sensex is now trading 256.68 points, or 0.92%, lower at 27,700.82. Vedanta (down 2.75%), ITC (down 2.74%) and Tata Steel (down 2.5%) were the three biggest losers among Sensex stocks.

2:22pm: Essar Oil Ltd jumps 4% to 108.50 ahead of its March quarter earnings later today. According to Bloomberg, the company may post a net profit of 459.50 crore, while net sales will be 17,971 crore.

2:14pm: Atlanta Ltd falls 5% to 61.20 after the company reported an 83.64% decline in net profit to 4.50 crore in the March quarter compared with 27.50 crore a year ago.

2:00pm: Infosys Ltd falls 1% to 2,021.50. The company said in a notice to BSE that it will hold annual general meeting (AGM) on 22 June. The company seeks shareholders approval to buy healthcare business for $100 million.

1:50pm: Kotak Mahindra Bank Ltd is down 1.1% to 1,372.30. Bloomberg reported that the government has differed its decision on raising foreign institutional investment limit.

1:44pm: The major losers among Sensex stocks included ITC (down 2.74%), HDFC (down 2.69%) and Vedanta (2.43%).

1:43pm: The S&P BSE Sensex is now down 322.42 points, or 1.15%, to 27,635.08. The Nifty, meanwhile, is trading at 8,375.85, down 83.10 points, or 0.98%.

1:30pm: Bhel is trading 1.6% lower after the company today said it commissioned six hydro sets with a combined 736 MW capacity in 2014-15. This accounts for 100% of hydro power capacity addition in the country in the said fiscal.

1:00pm: The S&P BSE Sensex extends losses to trade 234.40 points, or 0.84%, lower at 27,723.10, while the Nifty is down 62.65 points, or 0.74%, to 8,396.30. Caution prevailed ahead of GDP data due on Friday.

12:25pm: Shares in HCL Technologies Ltd gain 2.24%, heading for their sixth consecutive daily gain. HCL Tech is up around 14% this month, recovering all of its 12.8% loss over March and April. Analysts say the current stock valuations are attractive.

12:06pm: The S&P BSE Sensex is now down 137.19 points, or 0.49%, to 27,820.31.

11:45am: Tata Motors shares fall 1.1% after traders cite caution ahead of January-March earnings due on Tuesday. Earnings could disappoint on the back of Jaguar Land Rover sales in China, says an analyst at a domestic brokerage.

11:13am: The S&P BSE Sensex falls 129.38 points, or 0.46%, to 27,828.12.

11:00am: India’s wireless service providers rise despite falls in broader indices. Bharti Airtel gains 1.95%, Idea Cellular Ltd is up 1.1% and Reliance Communications Ltd gains 2.6% after telecom minister Ravi Shankar Prasad told the Economic Times that spectrum-sharing guidelines will be taken to Cabinet by the end of June.

10:38am: Tata Steel Ltd shares fall 2% to 335 after CLSA has cut its outlook to “sell" from “buy", Bloomberg reported. CLSA also reduced its target price by 40% to 290 a share.

10:20am: The S&P BSE Sensex is now trading at 27,865.73, down 91.77 points, or 0.33%.

10:14am: Lupin Ltd shares rise 2% to 1,769 apiece, while Tata Power Co. Ltd falls 1% to 75. Pharmaceutical firm Lupin Ltd will be included in the benchmark S&P Sensex with effect from 22 June in place of Tata Power Co. Ltd.

10:11am: Rolta India Ltd is trading down 7% to 116.30 after the company said net profit dropped 74% in the March quarter to 36.01 crore compared with 138.82 crore a year ago.

10:07am: Chennai Petroleum Corp. Ltd advances 5.1% to 94.95 after the company reported a 632.8% increase in net profit to 365 crore in the March quarter compared with 49.81 crore a year ago.

10:02am: Ceat Ltd jumps 2.6% to 791.90 after the company reported a 50.44% increase in its net profit to 93.91 crore in the March quarter compared with 62.42 crore a year ago.

9:56am: Natco Pharma Ltd rises 3.7% to 2,380 after the company said its net profit rose 126.6% in the March quarter to 54.44 crore compared with 24.02 crore a year ago.

9:52am: Gujarat State Petronet Ltd falls 3.4% to 113.55 after the company reported a 26.64% decline in net profit to 67.09 crore in the March quarter compared with 91.46 crore a year ago.

9:47am: Cosmo Films Ltd climbs 17% to 108.05 after the company said net profit rose 111% in the March quarter with 18.28 crore compared with 8.66 crore a year ago.

9:40am: DCW Ltd surges 8.2% to 19.05 after the company said net profit rose 96% to 17.62 crore in the March quarter compared with 8.99 crore a year ago.

9:35am: City Union Bank Ltd jumps 4% to 103.65 after net profit rose 18.9% in the March quarter to 99.08 crore compared with 83.34 crore a year ago.

9:30am: ITC shares drop over 3% after the company’s fourth-quarter earnings rose 3.5% to 2,360 crore from a year ago, lagging behind the 2,520 crore estimated by 25 analysts in a Bloomberg survey. The results were announced after market hours on Friday.

9:28am: The S&P BSE Sensex falls 119.55 points, or 0.43%, to 27,837.95, while the CNX Nifty of teh National Stock Exchange (NSE) is down 38.05 points, or 0.45%, to 8,420.90.

9:25am: The equity markets open the session on a weak note despite positive Asian markets.

9:22am: Earnings—Bombay Dyeing and Manufacturing Company Ltd, Canara Bank, Central Bank of India, Dishman Pharmaceuticals and Chemicals Ltd, eClerx Services Ltd, Essar Oil Ltd, Greenply Industries Ltd, Gujarat NRE Coke Ltd, Honeywell Automation India Ltd, Jyothy Laboratories Ltd, Lycos Internet Ltd, Nitin Fire Protection Industries Ltd, Parsvnath Developers Ltd, Prakash Industries Ltd, Solar Industries India Ltd, Tata Investment Corporation Ltd, Usha Martin Ltd and Va Tech Wabag Ltd.

9:20am: The Indian rupee weakens to 63.62 per dollar compared with its previous close of 63.52 tracking losses in other Asian currencies. Read more.

9:15am: The dollar gains to 121.66 yen from Friday’s 121.54 yen. The euro declines to $1.0990 from $1.1013.

9:10am: Benchmark US oil rises 14 cents to $59.86 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude falls 5 cents to $65.32 in London after losing $1.27 on Friday.

9:05am: The Shanghai Composite Index surges 1.9% to 4,747.37 and Tokyo’s Nikkei 225 is up 0.7% at 20,407.02. Sydney’s S&P/ASX 200 advances 1.1% to 5,730.10. Singapore, Manila and New Zealand also rise. Jakarta declines. Hong Kong and Seoul are closed for holidays.

9:00am: Asian stocks are mostly trading higher on a quiet trading day, with Hong Kong, Wall Street and London closed for holidays.

8:57am: The Standard and Poor’s 500 closed down 4.76 points, or 0.2%, to 2,126.06. The Dow Jones industrial average fell 53.72 points, or 0.3%, to 18,232.02. The Nasdaq composite edged down 1.43 points to 5,089.36. Markets are due to be closed Monday for the Memorial Day holiday.

8:55am: On Friday, major indexes declined as oil drillers and other energy-related companies followed oil prices lower. The S&P fell but closed up for the week. The index has closed at record highs recently, though the gains have been tiny as investors fret over unimpressive earnings and an uncertain global economy.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 25 May 2015, 09:34 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App