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Business News/ Markets / Live Blog/  Sensex closes 127 pts lower, Nifty at 17,355; IT, surges; inflation data awaited
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Sensex closes 127 pts lower, Nifty at 17,355; IT, surges; inflation data awaited

Market Closing: The Sensex closed at 58,177.76, down 127.31 points or 0.22%, while Nifty was at 17,355.30, down 13.95 points or 0.08%. Banks, financials were top drags.

Market Closing: Indian indices closed marginally lower on Monday. (Mint)Premium
Market Closing: Indian indices closed marginally lower on Monday. (Mint)

Indian indices closed lower on Monday. World shares and U.S. futures were mostly higher Monday, bouncing back from losses last week on Wall Street.

Stocks rose in London, Paris, Tokyo and Shanghai but fell in Hong Kong, where a Financial Times report that Chinese regulators want to break up the mammoth e-commerce payments platform Alipay dragged shares in Alibaba Group Holding nearly 4.3% lower. The company said it had no comment on the report.

13 Sep 2021, 10:22:55 AM IST

MAS Financial Services partners with CredAvenue for co-lending platform

13 Sep 2021, 10:10:15 AM IST

Single-day rise of 27,254 COVID-19 cases, 219 fatalities push India's infection tally to 3,32,64,175, death toll to 4,42,874: Govt

13 Sep 2021, 10:08:59 AM IST

T-Series, Reliance Entertainment join hands to produce big budget, content rich films

Production houses T-Series and Reliance Entertainment have come together to produce more than 10 films across various genres. The collaboration, that brings the production houses together with an investment of approximately ₹1000cr, will produce big budget tentpole projects as well as mid-small budget "content rich films", a release said. According to a statement from the studios, the slate includes Hindi remakes of Tamil blockbusters, a biopic, an espionage thriller, a court room drama as well as a satire comedy, a romance drama and a film based on "true events." The upcoming movies will be produced over the course of next 24 to 36 months, with filmmakers -- Pushkar and Gayatri, Vikramjit Singh, Mangesh Hadawale, Srijit Mukherji and Sankalp Reddy -- on board to direct. (Read more)

13 Sep 2021, 10:08:22 AM IST

Air India Express flight to Sharjah turns back after take-off due to tech glitch

An Air India Express flight which took off from here for Sharjah, in the UAE, on Monday morning with 170 passengers was forced to turn back shortly after taking off due to a technical glitch. The plane, which also had a crew of six, landed safely at Thiruvananthapuram airport and another flight was arranged for the passengers, including five infants, to travel to Sharjah, an Air India Express (AIE) spokesperson told PTI. According to an official of the airport, the incident occurred around 7 AM. The AIE spokesperson said the pilots noticed the technical glitch around half-an-hour after take-off and immediately decided to turn back to Thiruvananthapuram. (PTI)

13 Sep 2021, 10:07:57 AM IST

Number of active covid-19 cases in India stands at 3,74,269: govt

13 Sep 2021, 10:07:29 AM IST

Market trajectory: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

"The markets opened on a soft note this morning. This does not come as a surprise considering the sharp run up with no correction. The support for the Nifty is currently at 17,250 and has long as that holds, traders can consider a buy on dips approach for a target of 17,450. There is every possibility the Nifty also becomes sideways and trades within this range of 17,250-17,450."

13 Sep 2021, 09:44:47 AM IST

RIL drags

RIL's stock was trading at ₹2,384.60 each, down 1.68% at 9:43 am. A crippling global shortage of semiconductor chips has forced Reliance Jio Infocomm Ltd and Google to defer the launch of an affordable smartphone by two months. JioPhone Next, the 4G smartphone that was to go on sale on Friday, will now start selling only before Diwali, Reliance Industries Ltd (RIL) said in a statement late on Thursday. This year, Diwali is on 4 November. The phone has been developed jointly by RIL’s telecom unit and Google.

13 Sep 2021, 09:42:20 AM IST

Office leasing in South India outpaces other regions: report

The main Southern office market have overtaken other regions in terms of new supply, net absorption, and even rental growth, according to property consulting firm Anarock group. Among the top 7 cities, Bengaluru, Hyderabad and Chennai saw their share of total office leasing increase to 66% in FY21 (against 47% in FY18). The net office absorption in FY21 in the top cities was 21.32 mn sq. ft., and these three southern cities absorbed approx. 14.06 mn sq. ft. MMR and Pune absorbed 4.56 mn sq.ft (21%) and NCR 2.3 mn sq.ft (a mere 11% share.)

13 Sep 2021, 09:36:00 AM IST

US climate envoy John Kerry on 2-day Indian visit

US Special Envoy for Climate John Kerry and environment minister Bhupender Yadav to launch Climate Action and Finance Mobilisation Dialogue under India-U.S. Climate and Clean Energy Agenda 2030 Partnership.

13 Sep 2021, 09:33:50 AM IST

RIL, ICICI Bank, Infy top Sensex drags

Index contribution
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Index contribution
13 Sep 2021, 09:32:32 AM IST

Banks, financials, IT drag

Nifty sectoral indices
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Nifty sectoral indices
13 Sep 2021, 09:31:04 AM IST

SpiceJet gains

SpiceJet's stock was trading at ₹70.00 each, up 0.50% at 9:30 am. The air carrier has commercially agreed to a settlement with CDB Aviation, another major lessor of MAX aircraft.

13 Sep 2021, 09:19:55 AM IST

Market opening

The Sensex opened 58,099.43, down 205.64 points, 0.35%, Nifty 17,363.55, down 5.70 points, or 0.03%. Volatility index inches up by 4.60%.

Sensex at open
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Sensex at open
13 Sep 2021, 09:10:37 AM IST

Market pre-opening

At market pre-opening, the Sensex was at 58,262.11, down 42.96 points, or 0.07%, while Nifty was at 17,369.25, up 15.75 points, or 0.09%.

Sensex at pre-open
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Sensex at pre-open
13 Sep 2021, 08:57:30 AM IST

IRCTC, Nalco among stocks under F&O ban on NSE today

Three stocks/securities have been put under the futures & options (F&O) ban by the National Stock Exchange (NSE) for trade on Monday, September 13, 2021. These securities are banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE. (Read more)

13 Sep 2021, 08:53:46 AM IST

Pre-market opening quote: Gaurav Udani, CEO and founder, ThincRedBlu Securities

"Nifty is expected to open slightly negative at 17,360, down by 10 points since the last trading session. It has strong support in the 17,300 and 17,250 range. It may face resistance in the 17,425 and 17,450 range. Trend in Nifty remains bullish and buy on dips with strict stop-loss can be a good strategy for traders." 

13 Sep 2021, 08:40:43 AM IST

Numbers to watch: Inflation in India, abroad; Opec monthly report

Every Monday, Mint’s Plain Facts section features key data releases and announcements to watch out for in the coming week. India is among four major economies that will announce their August inflation figures this week. The data releases could very well act as a nudge to central banks that are currently grappling with steep price rise and a vulnerable economic recovery. Here are the key releases to watch out for in next seven days: (Read more)

13 Sep 2021, 08:38:46 AM IST

Flipkart GMV set for 50% rise: report

Flipkart's current momentum indicates that the Walmart-owned etailer is on its way to achieving an annualised gross margin value (GMV)of $23 billion, indicating 50% year-on-year growth according to media reports. GMV indicates the total sales on an ecommerce platform during a given period, including discounts, and excluding returns. The company clocked a GMV of $15 billion in the previous calendar year.

13 Sep 2021, 08:27:57 AM IST

Stocks to Watch

Arvind Smartspaces, Dilip Buildcon, CIL, Vedanta, JSW Steel, among other stocks may be in focus today. (Read more)

13 Sep 2021, 08:18:57 AM IST

Market outlook

Markets are likely to be volatile on Monday while trends in SGX Nifty suggest a negative opening of Indian benchmark indices. On Thursday, the BSE Sensex ended at 58,305.07, up 54.81 points and the Nifty was at 17,369.25, up 15.75 points.

13 Sep 2021, 08:01:45 AM IST

Cryptocurrency prices today: Bitcoin above $45,000, ether, dogecoin surge. Latest rates here

In cryptocurrencies, Bitcoin prices today were trading with minor gains as the most popular digital token surged over 1% to $45,381. The world's largest cryptocurrency by market capitalization has gained over 59% this year (year-to-date), though, much lower from nearly $65,000 record high it hit in April. (Read more)

13 Sep 2021, 07:46:19 AM IST

Bank retail loans exceed lending to industry for first time

The retail loans of banks as of 31 July stood at ₹28.59 trillion. On the other hand, the lending to the industry was a little lower at ₹28.25 trillion. This is the first time that the outstanding retail lending by banks has crossed lending to the industry since this data is available from April 2007 onwards. Retail lending includes loans given to individuals to buy homes, cars, two-wheelers, etc. It also includes credit card outstandings and personal loans. (Read more)

 

13 Sep 2021, 07:31:26 AM IST

Asian stocks off to a steady start

Asian stocks were steady Monday as traders evaluated the risk of a slower economic recovery from the pandemic amid elevated inflation. Shares slipped in Japan and were little changed in South Korea and Australia, while U.S. futures rose. The S&P 500 last week dropped the most since mid-June on investor caution over the challenges for economic reopening from the delta virus strain. Treasury yields held an advance as traders assess price pressures and their impact on the likely timeline for a reduction in Federal Reserve stimulus. An update on U.S. consumer prices this week will feed into the debate about whether or not elevated costs are transient. The dollar was steady. Chinese technology stocks may come under renewed pressure after a report that China is seeking to break up Ant Group Co.’s Alipay and create a separate app for its loan business. Trade tension is also in the spotlight again after the Biden administration was said to be weighing a new probe into Chinese subsidies.

S&P 500 futures rose 0.4% as of 9:15 a.m. in Tokyo. The S&P 500 fell 0.8% Friday

Nasdaq 100 contracts were up 0.3%. The Nasdaq 100 fell 0.8%

Japan’s Topix index fell 0.2%

Australia’s S&P/ASX 200 Index was little changed

South Korea’s Kospi was steady

Hang Seng Index futures lost 0.7% earlier

SGX Nifty was down 0.02%

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