Sensex plunges over 700 points; Nifty gives up 10,500
10 Dec 2018
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Market at Close: Bears took complete control on D-Street, as benchmark indices shed nearly 2 percent. Weak global cues, reactions to exit polls as well as weak macro data weighed big on Sensex and the Nifty.
The 50-share index ended the session below 10,500.
Selling was visible across all sectors, with maximum pain seen among banks, automobiles, energy, consumption and pharmaceuticals, among others.
At the close of market hours, the Sensex was down 713.53 points or 2.00% at 34959.72, and the Nifty down 205.20 points or 1.92% at 10488.50. The market breadth was negative as 647 shares advanced, against a decline of 1870 shares, while 134 shares were unchanged.
Coal India, Maruti Suzuki, IOC and BPCL were the top gainers, while Kotak Mahindra Bank, Reliance Industries, and Indiabulls Housing lost the most.
Market Update: Equities are having a tough day, with the Sensex plummeting over 600 points, while the Nifty traded around 10,500.
The Sensex is down 652.50 points or 1.83% at 35020.75, while the Nifty is down 192.80 points or 1.80% at 10500.90. The market breadth is negative as 546 shares advanced, against a decline of 1832 shares, while 122 shares were unchanged.
CONCOR to consider bonus issue: A meeting of the board of directors of the company is scheduled to be held on December 20 to consider issue of bonus shares to the shareholders of the company which, if approved, will be subject to applicable regulatory provisions and the approvals of shareholders and others as may be required for the same.
Market Update: Benchmark indices slipped again in the afternoon trade as Nifty is trading below 10,500 level.
At 13:57 hrs IST, the Sensex is down 647.49 points at 35,025.76, while Nifty is down 195.30 points at 10498.40. About 517 shares have advanced, 1801 shares declined, and 109 shares are unchanged
Kotak Mahindra Bank, Reliance Industries, Asian Paints, Adani Ports and Tata Motors are the top losers on the Sensex.
Tata Motors Group global wholesales data: Tata Motors Group global wholesales in November 2018, including Jaguar Land Rover, were at 1,04,964 units, lower by 7 percent, as compared to November 2017.
Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in November 2018 were at 38,535 units, lower by 6 percent, over November 2017.
Market Update: Benchmark indices are trading lower but off day's low with Nifty trading above 10,500 level, while Sensex is down by 540 points.
All the sectoral indices are trading in red led by energy, FMCG, Infra, auto, ban, metal and pharma.
At 12:21 hrs IST, the Sensex is down 542.63 points at 35,130.62, while Nifty down 161.70 points at 10532. About 506 shares have advanced, 1707 shares declined, and 98 shares are unchanged.
Market Update: Equity benchmarks have extended their losses, with the Sensex plunging 600 point slower. The Nifty is testing 10,500.
The Sensex is down 600.31 points or 1.68% at 35072.94, and the Nifty down 190.20 points or 1.78% at 10503.50. The market breadth was negative as 267 shares advanced, against a decline of 1396 shares, while 65 shares were unchanged.
IOC buyback: Shares of Indian Oil Corporation (IOC) gained 2 percent in the early trade on Monday as company is going to consider buyback of its equity shares.
The board meeting of the company is scheduled on December 13 to consider and approve the buyback of the fully paid-up equity shares of the company of face value of Rs 10 each. The board will also consider declaration of interim dividend on the equity shares of the company for the Financial Year 2018-1
Market opens: Equity benchmarks have plunged over a percent in morning trade, with the Nifty giving up 10,550 in opening. Exit poll results as well as weak global cues could have weighed on indices.
The Sensex is down 502.05 points or 1.41% at 35171.20, while the Nifty was down 156.60 points or 1.46% at 10537.10. The market breadth was negative as 116 shares advanced, against a decline of 465 shares, while 33 shares are unchanged.
Selling was visible across all sectors, with metals, infrastructure, automobiles, banks and pharmaceuticals being the top losers. The Nifty Midcap index is down around 2 percent.
Shares of Adani Ports, M&M, and Indiabulls Housing lost the most, while TCS was the sole gainer.
Market at pre-open: The Nifty has given up 10,600 in pre-opening trade. The Sensex is down 350 points.
The Sensex is down 347.00 points or 0.97% at 35326.25, and the Nifty down 151.60 points or 1.42% at 10542.10.
Market Headstart: Nifty likely to open lower; 3 stocks which could give 11-15% return
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.
Crude Update: Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January.
Asian markets trade lower: Global stocks extended their slump on Monday, with US equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash any chances of a trade deal.
Wall Street ends lower on Friday: Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over US-China trade tensions and interest rates convulsed Wall Street.
SGX Nifty: Trends on SGX Nifty indicate a gap-down opening for the broader index in India, a fall of 147 points or 1.37 percent. Nifty futures were trading around 10,592-level on the Singaporean Exchange.
