Sensex plunges nearly 700 points, Nifty below 10,800 amid global weakness
21 December 2018
Market Closing: Benchmark indices fell sharply on Friday, tracking the sharp correction in global peers after the threat of a US government shutdown and of further hikes in US borrowing costs.
The 30-share BSE Sensex slipped 689.60 points or 1.89 percent to 35,742.07 and the 50-share NSE Nifty plunged 197.70 points or 1.81 percent to 10,754.
IOC, UPL, Adani Ports, Maruti Suzuki and Indiabulls Housing were top losers among Nifty50 stocks, which fell 3.5-4.5 percent.
HPCL, BPCL, Coal India and NTPC were only gainers, up 1-2 percent.
About two shares declined for every share rising on the BSE.
Shriram Transport, Cummins, NBCC, Ramco Cements, CES, L&T Finance Holdings, Manappuram Finance, Bharat Forge, MRPL, Karnataka Bank, Federal Bank, IndusInd Bank, Axis Bank and Yes Bank were down 1-5 percent.
Market Update: Equity benchmarks have further extended their fall, with the Nifty giving up 10,800, while the Sensex is down over 550 points.
The Sensex is down 552.86 points or 1.52% at 35878.81, and the Nifty down 168.70 points or 1.54% at 10783.00. The market breadth was negative as 785 shares advanced, against a decline of 1593 shares, while 115 shares were unchanged.
Tata Motors, Coal India, and HPCL were the top gainers, while Maruti, Infosys, IOC and UPL lost the most.
Market Update: Sharp selling in the past few minutes has dragged indices lower. The Sensex is down over 250 points, while the Nifty has given up 10, 900.
All sectoral indices are trading in the red, with maximum pain visible among automobiles, banks, energy, consumption and the IT space. The Nifty Midcap index is down around a percent.
The Sensex is down 273.23 points or 0.75% at 36158.44, while the Nifty is down 91.70 points or 0.84% at 10860.00. The market breadth is negative as 791 shares advanced, against a decline of 1052 shares, while 94 shares were unchanged.
Market Update: Equity benchmarks continued to trade mildly lower, with the Nifty holding 10,900-mark.
The Sensex is down 28.73 points or 0.08% at 36402.94, and the Nifty down 11.60 points or 0.11% at 10940.10. The market breadth is narrow as 955 shares advanced, against a decline of 583 shares, while 75 shares were unchanged.
Buzzing stock: Shares of Indiabulls Real Estate rose nearly 4 percent in early trade after selling its 50 percent stake in two office spaces in Gurugram to the US-based Blacktone Group for Rs 464 crore.
The company had said in November that it has signed a non-binding agreement to divest its 50 percent stake in two office assets in Udyog Vihar, Gurugram, but had not named the buyer.
Market opens: It’s a mildly lower start to the market on Friday morning, amid weak global cues. The Nifty is holding 10,900-mark.
Among sectors, Nifty IT index is down around half a percent, while energy and pharma are in the negative zone. Automobile names are trading in the green.
The Nifty Midcap index is up one quarter of a percent.
The Sensex is down 31.04 points or 0.09% at 36400.63, while the Nifty was down 16.20 points or 0.15% at 10935.50. The market breadth is positive as 295 shares advanced, against a decline of 107 shares, while 21 shares were unchanged.
Bharti Airtel, Yes Bank, HPCL and Indiabulls Housing are the top gainers, while Infosys, Power Grid and IOC have lost the most.
Market at pre-open: Equity benchmarks are trading higher in pre-opening trade, with the Nifty well above 10,950-mark.
The Sensex is up 111.89 points or 0.31% at 36543.56, while the Nifty is higher by 10.10 points or 0.09% at 10961.80.
The rupee has opened flat at 69.72 per US dollar against its previous close of 69.70 per US dollar.
Wall Street ends lower: US stocks slid on Thursday, with the Nasdaq on the cusp of confirming bear market territory, as the Federal Reserve's plan to continue its balance sheet reduction and the threat of a partial government shutdown fuelled investor anxieties.