Sensex ends 572 points lower, Nifty holds 10,600; Maruti Suzuki, RIL, Yes Bank top losers

CNBC

Market at close: Benchmark indices remained under pressure throughout the session with Nifty ended just above 10,600 level, while Sensex lost 570 points.

The Sensex was down 572.28 points at 35,312.13, while Nifty was down 181.70 points at 10,601.20. About 745 shares have advanced, 1778 shares declined, and 150 shares are unchanged. 
Maruti Suzuki, Tata Motors, Yes Bank, Reliance Industries and Adani Ports are the major losers on the Sensex.  
Capital Infusion
Allahabad Bank said board of directors approved raising equity capital by an amount aggregating upto around Rs 3,054 crore through preferential issue of equity shares to the Government of India (President of India) against their capital infusion of around Rs 3,054 crore in the bank.
All Sectoral Indices In The Red
All sectoral indices traded in the red in afternoon with Nifty Bank, Auto, FMCG, Financial Service, FMCG, Metal and Realty falling 1-2 percent.
In the Sensex, 29 out of 30 stocks and in the Nifty, 46 out of 50 stocks traded in the red.
Market Update:
Benchmark indices extended losses ahead of crucial OPEC meeting later today and state elections exit poll due on Friday evening.
The 30-share BSE Sensex was down 507.48 points or 1.41 percent at 35,376.93 and the 50-share NSE Nifty fell 166.90 points or 1.55 percent to 10,616 due to broadbased selling.
The broader markets also fell in line with frontliners as the Nifty Midcap and Smallcap indices slipped 1.5 percent each.
About three shares declined for every share rising on the BSE.
Market Update: Benchmark indices recovered from the day's low points with Nifty hovering around 10,700 level.
Sun Pharma, Bajaj Auto, NTPC, Power Grid and TCS are the top gainers on the Sensex.
At 13:23 hrs IST, the Sensex is down 255.43 points or 0.71% at 35628.98, while Nifty is down 89.30 points or 0.83% at 10693.60. About 652 shares have advanced, 1609 shares declined, and 110 shares are unchanged. 
Manappuram Finance board meeting on Dec 11: A meeting of the financial resources and management committee of the board of directors of Manappuram Finance will be held on December 11, 2018 to consider and approve the issuance of the private placement of unrated, unlisted, secured, redeemable non-convertible debentures.
Aurobindo Pharma extends losses: Aurobindo Pharma shares fell 5.6 percent intraday Thursday on top of 3 percent loss seen in previous session after a media report indicated that the company named in a lawsuit for selling adulterated irbesartan products.  
Buzzing: Share price of Spice Mobility was down 1.7 percent intraday Thursday after CFO resignation. Madhusudan Venkatachary tendered his resignation as chief financial officer (CFO) of the company due to personal reasons.   The company proposes to hold a board meeting on December 7, 2018, to consider the appointment of new CFO of the company.
Buzzing: General Insurance Corporation of India shares fell over a percent in morning on Thursday after global investment firm HSBC slashed price target to Rs 400 from Rs 421 earlier.
"The stock trades at 1.9x Mar-19 estimated price-to-book value (1.8x Mar-20 estimated) for a normalised return on equity of 14.2 percent," the research house said while reiterating buy call on the insurance company.
Market Update: Equity benchmarks have extended their losses, with the Sensex falling over 350 points, while the Nifty is well below 10,700.
The Sensex is down 359.66 points or 1.00% at 35524.75, and the Nifty down 120.80 points or 1.12% at 10662.10. The market breadth is negative as 388 shares advanced, against a decline of 1295 shares, while 71 shares were unchanged.
Selling is visible across all sectors, with maximum pain visible among metals, automobiles and consumption names. Financials are trading in the red as well. 
Sun Pharma and Power Grid were the top gainers, while Vedanta, Maruti Suzuki, and Tech Mahindra lost the most.  
OIL ahead of OPEC Meet: Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
U.S. West Texas Intermediate (WTI) crude futures were at $52.57 per barrel at 0109 GMT, down 32 cents, or 0.6 percent, from their last close.
International Brent crude oil futures were down 17 cents, or 0.3 percent, at $61.39 per barrel.
Market opens: It is a weak start for the market on Thursday as Nifty slipped below 10,750 level.
At 09:17 hrs IST, the Sensex is down 199.23 points at 35,685.18, while Nifty down 64.60 points at 10,718.30. About 183 shares have advanced, 538 shares declined, and 27 shares are unchanged. 
OMC stocks are trading weak, JSW Steel, Yes Bank, Cipla, DLF, PFC, HDFC, IndusInd Bank are among other losers. Infosys, REC, Jet Airways and Sun Pharma are trading higher.
Market at pre-opening: Benchmark indices are flat in the pre-opening session with Nifty is around 10,750.
At 09:01 hrs IST, the Sensex is up 20.30 points or 0.06% at 35904.71, and Nifty is down 32.50 points or 0.30% at 10750.40.
Shares of HDFC are trading lower in the pre-opening trade, while REC is trading higher ahead of Cabinet meeting.
Asia trades lower: US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 91.50 points or 0.84 percent. Nifty futures were trading around 10,742-level on the Singaporean Exchange.