Home >Markets >Live Blog >Sensex settles below 34,000, Nifty ends 140 points lower; HDFC, RIL drag
India’s stock markets delivered 16.4% CAGR in the following four years. Photo: Mint
India’s stock markets delivered 16.4% CAGR in the following four years. Photo: Mint

Sensex settles below 34,000, Nifty ends 140 points lower; HDFC, RIL drag

  • Indian benchmark equtiy indices closed in the red on Tuesday in a choppy trade
  • Sensex closed 413.89 points or 1.2% lower at 33,956.69, after swinging between a loss of as much as 1.5% and a gain of as much as 1.2%

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09 Jun 2020, 03:41:56 PM IST

Market closing

Indian benchmark equity indices closed in the red on Tuesday in a choppy trade. Sensex closed 413.89 points or 1.2% lower at 33,956.69, after swinging between a loss of as much as 1.5% and a gain of as much as 1.2%. Nifty dropped 120.80 points or 1.19% to close at 10,046.65.

IndusInd Bank, surging over 2%, was top Sensex gainer, followed by Sun Pharma, M&M and HDFC Ltd. ICICI Bank, Bharti Airtel and Axis Bank were the top laggards on the other hand.

Of 30 Sensex shares, 22 closed in the red.

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09 Jun 2020, 02:54:04 PM IST

Nifty Media drops over 3%; PVR top drag

PVR slips 7.66%

TV18 Broadcast Ltd down 6.26%

Jagran Prakashan Ltd retreats 4.43

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09 Jun 2020, 02:39:41 PM IST

Most sectoral indices on NSE in the red; Pharma stocks gain

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09 Jun 2020, 02:39:41 PM IST

Affle India up 2%

The company through its subsidiaries has signed definitive agreements to acquire full control of Appnext Pte. Ltd., Singapore and 100% IP of Appnext app discovery and recommendation platform with immediate effect.

09 Jun 2020, 02:32:05 PM IST

NIIT Ltd up 2%

NIIT Limited has extended its partnership with Rio Tinto for another five years.

09 Jun 2020, 02:18:16 PM IST

PVR shares slip 5%

Shares of multiplex chain operator PVR Ltd fell as much as 4.6% intraday after it reported a loss in the March quarter as the film exhibition business was impacted because of covid-19 pandemic and the subsequent lockdown.

09 Jun 2020, 01:51:13 PM IST

Nifty Pharma gains the most among sectors

Dr Reddy's Laboratories, Aurobindo Pharma, Sun Pharma, Cadila and Lupin added 2-4%, making the Nifty Pharma index the top gainer among sectors.

09 Jun 2020, 01:45:15 PM IST

European stocks under pressure

European shares inched lower on Tuesday as declines in the UK's British American Tobacco and banking stocks halted a rally driven by optimism over a global recovery from the coronavirus crisis.

The pan-European STOXX 600 index fell 0.3% by 0729 GMT, with eurozone banks down 4.3% after a six-day run of gains.

09 Jun 2020, 01:29:33 PM IST

Gold price check

Gold prices edged higher buoyed by a weaker dollar, but the precious metal traded in a narrow range as caution set in ahead of the US Federal Reserve's two-day monetary policy meeting. Spot gold was up 0.1% at $1,695.69 per ounce by 0702 GMT. U.S. gold futures eased 0.2% to $1,701.20.

09 Jun 2020, 01:27:19 PM IST

Crude oil update

The US crude oil futures slipped into the red, trading at $38.12/ barrel, while international benchmark, Brent crude oil futures were down at $40.79 per barrel.

09 Jun 2020, 12:45:27 PM IST

IndusInd Bank top Nifty gainer

Shares of IndusInd Bank jumped over 5%, becoming the top performer on Nifty, as promoters of the private lender plan to buy more of its shares in the secondary market. The stock price has surged more than 14% in the last three days.

09 Jun 2020, 12:40:22 PM IST

Nifty Bank gains over 1%

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09 Jun 2020, 12:36:19 PM IST

Elgi Equipments invests in US company

Elgi Equipments' US unit, Elgi Compressors USA Inc, has subscribed and made its first tranche of investment of $20,000 of the proposed total of $100,000 in Class A and $5,000 of the proposed total investment of $2,5000 in Class B, shares, which represents 50% of the total capital of Compressed Air Solutions of Texas, LLC.

09 Jun 2020, 12:01:35 PM IST

Market update

Key Indian shares extended gains after a morning of rangebound trade. Pharma stocks such as Sun Pharma and Dr Reddy's along with bank shares drove the indices higher. The benchmark Sensex rose 410.36 points, or 1.19%, to 34,780.94, while Nifty 50 advanced 117.30 points, or 1.15%, to 10,284.75.

09 Jun 2020, 11:49:15 AM IST

World Bank pegs India FY21 GDP at -3.2%

The World Bank on Monday projected India’s economy to contract 3.2% in fiscal 2021 as stringent measures to restrict the spread of coronavirus brought all business activities in Asia’s third largest economy to a grinding halt. In its Global Economic Prospects report, the World Bank said the contraction will largely materialise in the year to 31 March and the Indian economy will recover to grow at 3.1% in the following year.

09 Jun 2020, 11:40:09 AM IST

Affle buys 100% stake in Appnext Singapore

Affle India, through its subsidiaries, announced the signing of

definitive agreements to acquire full control of Appnext Pte Ltd, Singapore, and 100% IP of Appnext app discovery and recommendation platform, with immediate effect. Affle will initially acquire 66.67% equity stake in Appnext, and will take over the remaining after attaining mutually agreed growth targets.

09 Jun 2020, 11:28:46 AM IST

Maruti Suzuki partners Mahindra Finance

Maruti Suzuki has partnered with Mahindra & Mahindra Financial Services to provide financial assistance to customers looking at personal mobility solutions amid the covid-19 pandemic.

09 Jun 2020, 10:51:04 AM IST

BSE SmallCap rises marginally

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09 Jun 2020, 10:46:43 AM IST

BSE MidCap up nearly 1%

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09 Jun 2020, 10:40:22 AM IST

Top Nifty gainers, laggards

Asian Paints, Dr Reddy's Laboratories, IndusInd Bank, ITC and Sun Pharmaceutical led gains on Nifty 50, while Gail India, Titan Company, Coal India, NTPC and Indian Oil Corp fell the most.

09 Jun 2020, 10:33:36 AM IST

Rupee opens flat

The Indian rupee opened flat at 75.52 against the US dollar, compared to Monday's close of 75.54.

09 Jun 2020, 10:22:50 AM IST

Chalet Hotels up 0.4%

Chalet Hotels reported an over threefold jump in its consolidated net profit to 42.17 crore for the quarter ended March 31. The company had posted a net profit of 13.30 crore for the corresponding period of the previous fiscal.

09 Jun 2020, 10:20:57 AM IST

Most sectoral indices on the NSE are in the green

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09 Jun 2020, 10:18:10 AM IST

Nifty pharma up 2.5%; Top gainers

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09 Jun 2020, 10:05:33 AM IST

Titan’s Q4 profits beat estimates

Titan Co. Ltd’s March quarter profits show the firm has been able to cope with the covid-19 led demand disruptions relatively better. This is primarily because the company was able to curtail its costs significantly in anticipation of the disruption. The upshot: earnings before tax and exceptional item last quarter saw an 11% growth compared to last year’s same quarter.

09 Jun 2020, 09:59:59 AM IST

Jubilant FoodWorks gains 0.5%

India’s largest pizza chain Domino’s, operated by Jubilant Foodworks will begin resuming dine-in facility in a phased manner as per the government guidelines, according to a regulatory filing. “The company has put in place even more stringent hygiene and sanitation protocols across its restaurants, including contactless dine-in, zero contact takeaway and zero contact delivery facility for Domino’s Pizza," it said in the filing.

09 Jun 2020, 09:55:10 AM IST

Titan Company drops over 2%

Tata group firm Titan Company Ltd on Monday reported a marginal fall of 1.50% in its consolidated net profit to 343.07 crore in the fourth quarter ended March 2020. It had posted a net profit of 348.30 crore in the March quarter of the previous financial year.

09 Jun 2020, 09:47:30 AM IST

PVR down 3.5%

Multiplex chain operator PVR Ltd reported a consolidated net loss of 74.61 crore for the fourth quarter ended March 2020. The board of the company has also approved plan to raise 300 crore through rights issue of face value of 10 each.

09 Jun 2020, 09:38:59 AM IST

Larsen & Toubro up 0.4%

Engineering and construction giant Larsen & Toubro said covid-19 impact on its revenue was assessed at 1,800 crore during the quarter ended March 31. The conglomerate had shut down operations from March 25 in the wake of coronavirus pandemic.

09 Jun 2020, 09:34:08 AM IST

SBI slips 1%

The country's largest lender State Bank of India will reduce marginal cost of fund-based lending rate (MCLR) by 25 basis points across all tenors from Wednesday. The one-year MCLR has been revised to 7% from 7.25%, the bank said in a release. This is the thirteenth consecutive reduction in the bank's MCLR.

09 Jun 2020, 09:23:46 AM IST

Market opening

Indian benchmark indices opened in the green on Tuesday tracking firm cues from Asian peers. Sensex opened 150 points higher at 34,520.79, while Nifty opened at 10,326.75, about 160 points higher from its previous close.

IndusInd Bank, surging over 2%, was the top Sensex gainer, followerd by Titan, TechM, ONGC and Hero MotoCorp. Nestle, Kotak Bank and Maruti were top laggards on the other hand.

Of 30 Sensex shares, 25 were in the green.

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09 Jun 2020, 09:08:04 AM IST

Market pre-opening

Indian stocks traded flat in the pre-opening session on Tuesday. At 9:06 am, Sensex was up 39 points or 0.1% at while Nifty added 9 points or 0.1% at 10,176.

09 Jun 2020, 08:50:13 AM IST

Markets at close on Monday

Indian benchmark equity indices closed marginally higher on Monday in a volatile session.

Sensex dropped 557 points from the day’s high to close 0.2% higher at 34,370.58. Nifty closed 34 points or 0.3% higher at 10,167.45.

09 Jun 2020, 08:49:04 AM IST

Crude update

US benchmark crude rose $1.28 a barrel to $38.68 a barrel, while Brent added $1.13 to $41.25.

09 Jun 2020, 08:42:15 AM IST

Asia stocks extend rally

Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.

Australia ASX All Ordinaries climbed over 2%.

Shanghai SE Composite Index gained 0.4%.

Hong Kong's Hang Seng was up 1%.

Singapore's SGX Nifty advanced 0.6% indicating a positive start for Indian stocks.

09 Jun 2020, 08:42:15 AM IST

US stocks close higher

The Nasdaq posted a record closing high on Monday, becoming the first of the major indexes to confirm a new bull market, while the S&P 500 ended in positive territory for the year as expectations for a swift recovery from a coronavirus-driven downturn increased.

The Dow Jones Industrial Average rose 461.46 points, or 1.7%, to 27,572.44, the S&P 500 gained 38.46 points, or 1.20%, to 3,232.39 and the Nasdaq Composite added 110.66 points, or 1.13%, to 9,924.75.

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