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Business News/ Markets / Stock Markets/  Market Wrap: Sensex tanks 610 pts as oil, global cues weigh; Nifty ends below 19550; TechM, Asian Paints drag
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Market Wrap: Sensex tanks 610 pts as oil, global cues weigh; Nifty ends below 19550; TechM, Asian Paints drag

Stock Market Close: Sensex and Nifty crashed nearly 1% in a volatile session on Thursday ahead of F&O expiry. Most sectors ended in red, while India VIX jumped 10%

Sensex and Nifty crashed in a volatile session on Thursday: PTI (PTI)Premium
Sensex and Nifty crashed in a volatile session on Thursday: PTI (PTI)

Stock Market Close: Benchmark equity indices crashed nearly 1% on Thursday on fears over rising inflation and tightening of interest rates amid a jump in crude oil prices. Markets saw a volatile session ahead of F&O expiry. Sensex sank 610 points while Nifty slipped near 19550. Global oil prices surged on Thursday as a slump in crude stocks in the US exacerbated concerns over tight global supplies amid OPEC output cuts led by Saudi Arabia. Shares in Asia slumped while US equity futures and Treasuries showed signs of stability.

28 Sep 2023, 03:33:56 PM IST

Share Market Close: Sensex tanks 610 pts; Nifty ends below 19550; IT, FMCG sectors drop 2% each

Indian shares fell on Thursday, reversing early gains, led by losses in information technology and consumer stocks, while weakness in global equities amid fears of higher interest rates and surging crude prices weighed further. Sensex plunged 610.37 points to close at 65,508.32, while Nifty fell 192.90 points to 19,523.55. Markets saw a volatile session ahead of F&O expiry with fear index India VIX jumping 10%. All sectors ended in the red with IT and FMCG falling around 2% each. 

Among stocks Tech Mahindra and Asian Paints were the biggest laggards slumping 3-4%, while L&T and Bharti Airtel ended with gains. Barring five stocks, all 30 constituents on the Sensex closed in the red.

BSE
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BSE
28 Sep 2023, 03:26:33 PM IST

Sensex Today Live | Share Market Update: IT index slips more than 2%; TechM, Mphasis, LTI Mindtree down 4% 

NSE
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NSE
28 Sep 2023, 03:20:46 PM IST

Sensex Today Live | Share Market Update: ICICI expects $10 billion of flows before India’s bond index entry: Bloomberg

28 Sep 2023, 03:10:00 PM IST

Sensex Today Live | Share Market Update: Sensex, Nifty crash 1% to the day's low

BSE
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BSE
28 Sep 2023, 02:56:37 PM IST

Sensex Today Live | Share Market Update: Ashwin Dani, co-founder Asian Paints, passes away at 79

Co-founder and non-executive director of Asian Paints Ashwin Dani passed away on Thursday, reported CNBC-TV18.

Earlier on 23 June, the Asian Paints board approved the appointment of Deepak Satwalekar as chairman of the board, saying Dani shall continue to be on the board of directors of the company as a non–executive/promoter director. (Read more

28 Sep 2023, 02:46:55 PM IST

Sensex Today Live | Share Market Update: KP Energy up 5%; gets notification of award from NTPC Renewable Energy 

BSE
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BSE
28 Sep 2023, 02:33:13 PM IST

Sensex Today Live | Share Market Update: Global markets weak as high crude prices, inflation fears spook investors

European shares edged lower for a sixth straight day on Thursday in choppy trading. The pan-European STOXX 600 index reversed early gains and slipped 0.2%.

Japan's benchmark Nikkei 225 dropped 1.6%.The Hang Seng index, Sydney's S&P/ASX also fell. Only Shanghai Composite was up.

28 Sep 2023, 02:25:24 PM IST

Sensex Today Live | Share Market Update: Cholamandalam Investment and Finance may launch ₹2,000 crore QIP today, says CNBC-TV18

28 Sep 2023, 02:14:56 PM IST

Sensex Today Live | Share Market Update: Citigroup in talks to sell China onshore retail wealth to HSBC: Bloomberg

28 Sep 2023, 02:03:23 PM IST

Sensex Today Live | Share Market Update: Adani Power's promoters raised stake by 2.2% points to 69.1% between September 5 and 25: BSE

28 Sep 2023, 01:52:13 PM IST

Sensex Today Live | Share Market Update: Infosys, Reliance, ITC, Asian Paints among stocks that dragged Sensex to the day's low

BSE
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BSE
28 Sep 2023, 01:40:47 PM IST

Sensex Today Live | Share Market Update: Nifty IT plunges nearly 2% dragged by Tech Mahindra, LTIMindtree

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28 Sep 2023, 01:29:46 PM IST

Sensex Today Live | Share Market Update: Broad market indices see deep cuts; fear index India VIX jumps about 9% 

NSE
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NSE
28 Sep 2023, 01:18:59 PM IST

Sensex Today Live | Share Market Update: Sensex slips 400 points; only 5 stocks trading in the green; TechM, Asian Paints drop over 3% each

BSE
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BSE
28 Sep 2023, 01:04:51 PM IST

Sensex Today Live | Share Market Update: India's current account deficit widens to 1.1% of GDP in June quarter

Current account deficit widened to 1.1% of GDP in the June quarter from 0.2% in the preceding quarter, though it was lower than 2.1% seen in Q1FY23.

28 Sep 2023, 12:46:30 PM IST

Sensex Today Live | Share Market Update: Adani group appoints new auditor for UK subsidiaries: Report

India's Adani group has switched the auditor of its main UK subsidiaries to the smaller London-based firm Ferguson Maidment & Co after previous auditor Crowe UK resigned in March, FT reported.

28 Sep 2023, 12:33:07 PM IST

Sensex Today Live | Share Market Update: Vodafone slips more than 3% as telco saw a decline of over 1.3 million subscribers in July

28 Sep 2023, 12:21:47 PM IST

Sensex Today Live | Share Market Update: P&G India announces ₹300 crore fund to partner supply chain start-ups

28 Sep 2023, 12:10:38 PM IST

Sensex Today Live | Share Market Noon Update: Sensex at day's low, down 300 points in mid-market trade

BSE
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BSE
28 Sep 2023, 11:57:04 AM IST

Sensex Today Live | Share Market Update: Yatra Online rebounds from intraday low; listed at 10% discount

NSE
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NSE
28 Sep 2023, 11:43:39 AM IST

Sensex Today Live | Share Market Update: Brent above $97/bbl, WTI up 1% amid supply concerns

Global oil prices surged on Thursday as a slump in crude stocks in the US exacerbated concerns over tight global supplies amid OPEC output cuts led by Saudi Arabia.

At 1113 am, the November Brent contract on the Intercontinental Exchange traded at $97.34 per barrel, up 0.82% from its previous close. West Texas Intermediate (WTI) futures on NYMEX traded at $94.59 per barrel, a rise of 0.97% from previous close.

28 Sep 2023, 11:30:30 AM IST

Sensex Today Live | Share Market Update: IT pack biggest laggard among sectors dragged  by 3% fall in TechM

NSE
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NSE
28 Sep 2023, 11:20:21 AM IST

Sensex Today Live | Share Market Update: Hindustan Aeronautics flat after stock split

28 Sep 2023, 11:06:43 AM IST

Sensex Today Live | Share Market Update: Vedanta up 2% as aluminum, steel, oil biz may be listed separately soon

As per a Bloomberg report, Vedanta's aluminum, oil and gas, iron ore, and steel businesses will be separately listed. The move could help tycoon Agarwal manage his metals-to-energy empire’s debt load.

28 Sep 2023, 10:49:01 AM IST

Sensex Today Live | MCX to implement new commodity platform on 3 October; shares jump 8%

MCX is set to launch a new commodity derivatives platform on 3 October. The mock session ahead of the launch has been fixed for 2 October.

28 Sep 2023, 10:34:28 AM IST

Sensex Today Live | Share Market Update: BSE Midcap outperforms benchmark index, gains 200 points

BSE
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BSE
28 Sep 2023, 10:21:58 AM IST

Sensex Today Live | Share Market Update: Hi-Green Carbon shares debut at 2.7% premium at ₹77 on NSE SME

28 Sep 2023, 10:11:49 AM IST

Sensex Today Live | Share Market Update: Yatra Online lists at a discount of 10% at ₹127.50 per share on NSE

28 Sep 2023, 10:04:00 AM IST

Sensex Today Live | Share Market Update: Sensex, Nifty erase gains to slip into the red

NSE
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NSE
28 Sep 2023, 09:52:18 AM IST

Sensex Today Live | Share Market Update: ICICI Lombard down 2% as co gets show-cause notice on GST dues

ICICI Lombard gets show-cause notice from DG GST for a tax demand of 1,728.9 crore

28 Sep 2023, 09:40:28 AM IST

Sensex Today Live | Share Market Update: Bank, auto, metal in the green among sectors; financials, FMCH, IT drag

NSE
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NSE
28 Sep 2023, 09:28:34 AM IST

Sensex Today Live | Share Market Update: Nifty marginally up at around 19,750; L&T, Tata Steel rise, TechM, Asian Paints drop

NSE
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NSE
28 Sep 2023, 09:25:21 AM IST

Sensex Today Live | Share Market Update: Sensex up 103 points at 66,221.65; L&T, Sun Pharma top gainers; Asian Paints, TechM lag

BSE
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BSE
28 Sep 2023, 09:16:25 AM IST

Sensex Today Live | Share Market Update: Sensex, Nifty open higher

28 Sep 2023, 09:11:26 AM IST

Sensex Today Live | Share Market Update: Indian Rupee opens flat against US dollar at 83.22

28 Sep 2023, 09:03:40 AM IST

Sensex Today Live | Share Market Update: Indices trade higher at pre-open; Sensex gains 300 points

BSE
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BSE
28 Sep 2023, 08:51:39 AM IST

Sensex Today Live | Share Market Update: China Evergrande suspends trading in Hong Kong: Report

China's Evergrande Group suspended trading in Hong Kong, along with its property services and electric vehicle units. No reason was given for the halt in a notice to the stock exchange on Thursday. (Bloomberg)

28 Sep 2023, 08:38:51 AM IST

Sensex Today Live | Share Market Update: Tyre makers brace for margin squeeze as oil prices soar

Tyre stocks have been on a roll. Shares of Apollo Tyres Ltd, MRF Ltd, JK Tyre & Industries Ltd, Ceat Ltd and Balkrishna Industries Ltd have gained about 36-71% over the past one year. Tyre companies had hiked prices and input costs were softening, which together meant a sharp expansion in margins. But now, the outlook on both factors has turned adverse. (Read more)

28 Sep 2023, 08:27:40 AM IST

Sensex Today Live | Share Market Update: Oil prices surge nearly $1 per barrel on supply concerns

Oil prices surged nearly $1 per barrel on Thursday, reaching its highest level in over a year driven by a significant decrease in crude oil inventories in the US, intensifying concerns about global supply shortages due to OPEC-led production cuts. US West Texas Intermediate crude futures (WTI) surpassed the $95 mark for the first time since August of the previous year. WTI stood at $94.60 per barrel, up 1%.

28 Sep 2023, 08:20:11 AM IST

Sensex Today Live | Share Market View: Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher

"Nifty after the slide witnessed in the morning session took support near the significant and crucial zone of 19,550 levels as we have been mentioning in the last 2-3 sessions and gave a decent pullback to improve the bias and sentiment significantly. The index ending above the 19,700 zone is a good positive sign and further a decisive breach above 19,850 levels would once again turn the trend overall positive to anticipate for further rise till 20,200 levels.

Bank Nifty in a similar way, maintained the support near 44,200 levels and recovered to close near the 44,600 zone to improve the bias and further ahead, a decisive breach above 44,800 levels of the important 50EMA zone, shall turn the trend positive to anticipate for further upward move with 45,000 acting as the psychological barrier," said Parekh adding, "The support for the day is seen at 19,600 levels while the resistance is seen at 19,850 levels. Bank Nifty would have the daily range of 44,300 to 45,000 levels."

Stocks to buy today:

- BHEL: Buy at 126.90, target 135, stop loss 123;

- Lemon Tree: Buy at 118.35, target 126, stop loss 115; and

- Birlasoft: Buy at 491.50, target 520, stop loss 483.

28 Sep 2023, 08:07:23 AM IST

Sensex Today | Share Market Live Updates: Cipla in advanced talks with groups led by Torrent and BPEA EQT and General Atlantic for stake sale

Cipla Ltd’s promoters are in advanced talks with two consortiums—one led by Torrent Pharmaceuticals Ltd, with the participation of prominent family offices, and the other a group of buyout firms led by BPEA EQT and General Atlantic—to sell a controlling stake in India’s fourth-largest drugmaker for $6-7 billion, two people with direct knowledge of the matter told Mint. (Full report)

28 Sep 2023, 07:51:33 AM IST

Sensex Today Live | Stock Market updates: Cipla, Dixon Tech, Oberoi Realty, Tata Power, Barbeque Nation are the Stocks to Watch today

Cipla, Dixon Tech, Oberoi Realty, Tata Power, Barbeque Nation, NBCC, Vedanta, Vodafone are among the Stocks to Watch today

Meanwhile, Delta Corp and India Cements are part of the F&O ban list by the National Stock Exchange for Thursday.

28 Sep 2023, 07:43:48 AM IST

Sensex Today Live | Stock Market updates: Asian shares down amid concerns over high interest rates, oil prices

Asian stocks declined as investors confronted the anticipation of elevated interest rates and surging oil prices, following the extension of crude oil reaching a one-year high. 

In Japan and New Zealand, equity indices registered declines, while Australian stocks made modest gains. In Hong Kong, futures on equity saw a drop. This global market downturn persisted on Wednesday as crude oil prices and US Treasury yields continued to rise. US stock markets closed mixed overnight.

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