How have all sectors contributed to headline GDP growth of Q4? Read all about it here by Manas Chakravarty https://t.co/oKbDzs225B— Mint Mark to Market (@livemint_m2m) June 1, 2018
Closing bell: Sensex falls 95 points dragged by banking stocks, Nifty ends below 10700
BSE Sensex closed 95.12 points lower at 35,227.26, while the Nifty 50 ended 39.95 points down at 10,696.20. Here are the highlights from the markets
Last Modified: Fri, Jun 01 2018. 05 02 PM IST
- 3.35 pm ISTClosing bell: Sensex, Nifty close lower
- 3.20 pm ISTSensex, Nifty extend losses
- 3.15 pm ISTGold prices slip below Rs32,000-mark
- 2.47 pm ISTRupee hits 1-month high on FII inflows for HDFC Bank shares
- 2.27 pm ISTTVS Motor shares gain after May sales data
- 1.37 pm ISTMarket update: Sensex, Nifty trade lower
- 1.33 pm ISTEuropean shares trade higher
- 1.30 pm ISTAtul Auto shares rise 2% on May sales number
- 1.20 pm ISTGST collection in May falls to Rs94,016 crore
- 12.57 pm ISTFortis Healthcare names board chairman
- 11.43 am ISTManufacturing PMI growth slows in May, inflationary pressures pick up
- 11.40 am ISTMaruti Suzuki car sales rise 23.1% in May on back of Swift demand
- 11.35 am ISTIndia Q4 GDP data: Non-farm private sector growth slows
- 11.20 am ISTMarket update: Sensex, Nifty trade higher
- 10.56 am ISTGranules India gets EIR from USFDA, no observations issued
- 10.50 am ISTICICI Bank says Chanda Kochhar not asked to go on leave
- 10.15 am ISTBajaj Auto shares gain 2%
- 9.40 am ISTICICI Bank shares jump 5% after CEO asked to go on leave
- 9.37 am ISTONGC shares fall 2%
- 9.33 am ISTMarket update: Sensex, Nifty trade little changed
- 9.30 am ISTBond prices fall for 4th session as GDP data raises rate hike prospects
- 9.27 am ISTAsia stocks trade mixed
- Mumbai: BSE Sensex and NSE’s Nifty 50 closed lower on Friday following losses in financial stocks offsetting gains in auto stocks. The Indian rupee on Friday extended its gains for the third session to hit one-month high against the US dollar on higher demand for the currency from foreign investors. Shares opened positive after government data showed on Thursday that India’s economy accelerated to 7.7% in the three months ended 31 March, the fastest pace in seven quarters. The 10-year government bond prices declined for the fourth session as positive GDP data amid raising crude oil raised expectations of a rate hike by RBI. Here are the highlights from the markets:
- 3.35 pm IST Closing bell: Sensex, Nifty close lowerBSE Sensex closed lower by 95.12 points, or 0.27%, to 35,227.26, while the Nifty 50 fell 39.95 points, or 0.37%, to close at 10,696.20. BSE MidCap and SmallCap underperformed and were down 1.01% and 1.57%, respectively.Sixteen out of 19 sectoral indices on BSE declined with power, utilities, realty and basic materials losing over 1%. Auto, energy and telecom rose up to 0.67%. Bajaj Auto, Maruti, Bharti Airtel and Hero MotoCorp were top gainers, whereas Tata Steel, ONGC, M&M and Hindustan Unilever were top losers.
- 3.15 pm IST Gold prices slip below Rs32,000-markGold prices fell Rs100 to Rs31,900 per 10 grams at the bullion market on Friday owing to slackened demand from local jewellers amid weak global cues.Silver prices followed suit and cracked below the Rs41,000-mark by plunging Rs450 to Rs40,600 per kg due to reduced offtake by industrial units and coin makers. Read more
- 2.47 pm IST Rupee hits 1-month high on FII inflows for HDFC Bank sharesThe Indian rupee extended its gains for the third session to hit one-month high against the US dollar on higher demand for the currency from foreign investors to buy shares of HDFC Bank Ltd. The rupee was trading at 67.10 against the US dollar, up 0.48% from its previous close of 67.41. The currency opened at 67.43 a dollar and touched a high of 67.01—a level last seen on 8 May.Meanwhile, the 10-year government bond prices declined for the fourth session after accelerating economic growth amid raising crude oil increased expectations of a rate hike at next Reserve Bank of India (RBI) policy meeting. The 10-year bond yield stood at 7.864% from its Thursday’s close of 7.826%. Bond yields and prices move in opposite directions. Read more
- 2.27 pm IST TVS Motor shares gain after May sales dataTVS Motor Company Ltd shares rose 1.11% to Rs594.35. The company said its total sales rose 10% to 309,865 unit compared to 282,007 unit last year. Two-wheeler sales of increased to 298,135 unit in May from 275,426 units last year.Three-wheeler sales of came in at 11,730 units in May versus 6,581 unit a year ago. Total exports grew by 53.2% to 62,218 units in May 2018.
- 1.37 pm IST Market update: Sensex, Nifty trade lowerBSE Sensex traded lower by 52.26 points, or 0.15%, to 35,270.12, while the Nifty 50 fell 25.30 points, or 0.24%, to 10,710.85. BSE MidCap and SmallCap extended losses and were down 1.01% and 1.36%, respectively.All the sectoral indices on BSE, except auto, telecom and energy, declined with power, utilities and basic materials losing up to 2.19%. Bajaj Auto, Maruti, Hero MotoCorp and ICICI Bank were top gainers, whereas Tata Steel, ONGC, Power Grid and M&M were among the top losers.
- 1.33 pm IST European shares trade higherEuropean shares began June on a strong footing on Friday as Italian stocks led the pack after a coalition deal appeared to end three months of political deadlock.The pan-European STOXX 600 index rose 0.5% in early trading, while German stocks also gained 0.5% and Britain’s FTSE 100 rose 0.6%.Italian stocks rallied 2.3 percent, the standout performers in Europe as Italian banks gained 3.6 percent. Recent political uncertainty has roiled Italian stocks, resulting in a slide of more than 9 percent for the Italian benchmark in May, its worst month since June 2016. (Reuters)
- 1.20 pm IST GST collection in May falls to Rs94,016 croreIndia collected Rs94,016 crore as goods and services tax (GST) in May, down from a record Rs1.03 trillion collected in April but higher than the monthly average of Rs89,885 crore in 2017-18. The higher GST collection in April were partly because of payments of tax arrears for the year ended 31 March.Finance secretary Hasmukh Adhia tweeted that the GST collection in May reflects better compliance after the introduction of e-way bills. Read more
- 11.43 am IST Manufacturing PMI growth slows in May, inflationary pressures pick upActivity in India’s manufacturing sector grew at a weaker pace in May from the previous month, a business survey showed on Friday, while inflationary pressures picked up again amid rising oil prices in another sign that an interest rate hike is around the corner.A slower expansion in output and domestic demand helped push the Nikkei Manufacturing Purchasing Managers’ Index (PMI), compiled by IHS Markit, down to 51.2 in May from April’s 51.6. It also lagged a Reuters poll median of 51.5. Read more
- 11.40 am IST Maruti Suzuki car sales rise 23.1% in May on back of Swift demandContinuing its dominance over the Indian car market, Maruti Suzuki India Ltd on Friday said its car sales jumped 23.1% to 144,780 units in May from the year-ago period. Automakers in India consider dispatches to dealerships as sales. Shares rose 2.17% to Rs8,719.95.The compact car segment made up the bulk of Maruti Suzuki sales in May—growing 50.8% to 77,263 units—on the back of demand for the 2018 Swift and continued interest in premium hatchback Baleno and compact sedan Dzire. Read more
- 11.35 am IST India Q4 GDP data: Non-farm private sector growth slowsThe non-farm private sector growth, at constant prices, was 7.2% in Q4 of FY18, lower than the 7.4% growth notched up in Q3
- 11.20 am IST Market update: Sensex, Nifty trade higherBSE Sensex traded higher by 59.47 points, or 0.17%, to 35,381.85, while the Nifty 50 rose 8.45 points, or 0.08%, to 10,744.60. However, BSE MidCap and SmallCap declined 0.29% and 0.45%, respectively.Among the sectoral indices on BSE, auto gained most at 1.42% followed by capital goods 0.69%, metal 0.50% and industrials 0.45%, while power fell most at 1.28%, utilities 1.17%, oil and gas 0.45% and FMCG 0.35%.Bajaj Auto, Maruti Suzuki, Tata Motors and ICICI Bank were top gainers, whereas Power Grid, ONGC, Adani Ports and Hindustan Unilever were among the major losers.
- 10.50 am IST ICICI Bank says Chanda Kochhar not asked to go on leaveICICI Bank Ltd denied that its board has asked CEO Chanda Kochhar to go on leave. “She is on her annual leave which was planned in advance,” said the company in a BSE filing. “Further, the Board denies that it has appointed any search committee to find her successor.”Mintreported that Chanda Kochhar has been asked to proceed on indefinite leave from the company she has helmed for almost a decade until an independent enquiry announced by the lender’s board to probe alleged cases of impropriety is concluded.ICICI Bank shares were trading 1.61% up at Rs290.20.
- 9.40 am IST ICICI Bank shares jump 5% after CEO asked to go on leaveICICI Bank Ltd shares surged 5% to Rs298.85 after Mint reported that CEO Chanda Kochhar has been asked to proceed on indefinite leave from the company she has helmed for almost a decade until an independent enquiry announced by the lender’s board to probe alleged cases of impropriety is concluded.
- 9.37 am IST ONGC shares fall 2%Oil & Natural Gas Corp. Ltd shares fell 2.3% to Rs173.20 after PTI reported that the government may ask ONGC to bear fuel subsidy to help cut petrol and diesel prices.
- 9.30 am IST Bond prices fall for 4th session as GDP data raises rate hike prospectsThe 10-year government bond prices declined for the fourth session on Friday after accelerating economic growth amid raising crude oil increased expectations of a rate hike at next Reserve Bank of India (RBI) policy meeting.At 9.15am, the 10-year bond yield stood at 7.864% from its Thursday’s close of 7.826%. Bond yields and prices move in opposite directions.Meanwhile, the rupee was trading at 67.35 against the US dollar, up 0.09% from its previous close of 67.41. The currency opened at 67.43 a dollar and touched a high and a low of 67.32 and 67.44, respectively.
- 9.27 am IST Asia stocks trade mixedAsian equities shook off earlier weakness on Friday, as a softer yen supported Japanese stocks and firm export data drove South Korean markets higher, although rekindled concerns about US protectionist trade policies limited gains.MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1%. However, regional sentiment recovered somewhat with South Korea’s KOSPI up 0.7%, while Japan’s Nikkei advanced 0.3%.The Shanghai Composite Index fell 0.3% and the blue-chip CSI300 index dropped 0.55%. (Reuters)
First Published: Fri, Jun 01 2018. 09 37 AM IST
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