Sensex ends over 350 points lower, Nifty gives up 10,800; autos, metal drag
02 January 2019
Market at Close: Equities have ended the session off low points, but still in the red. Weak global and domestic cues weighed on the indices. The Nifty managed to give up 10,800.
Weakness was visible among automobiles, banks, energy, metals and pharmaceuticals. The Nifty Midcap index, too, fell over a percent during the trade.
At the close of market hours, the Sensex was down 363.05 points or 1.00% at 35891.52, while the Nifty down 117.60 points or 1.08% at 10792.50.
The market breadth is negative as 941 shares advanced, against a decline of 1,577 shares declined, while 169 shares were unchanged.
Sun Pharma and TCS were the top gainers, while Vedanta, M&M, Eicher Motors and JSW Steel lost the most.
Market Update: Benchmark indices recovered from the low point of the day, with Nifty trading around 10,800 level, while Sensex is down 350 points.
The Sensex is down 367.21 points at 35887.36, while Nifty is down 124.20 points at 10785.90. About 824 shares have advanced, 1562 shares declined, and 150 shares are unchanged.
Vedanta, M&M, Tata Steel, Bharti Airtel and Maruti Suzuki are the top losers on the Sensex.
Buzzing: ?Capacite Infraprojects rose 4 percent after company received contract worth Rs 97.69 crore.
The contract is for RCC, civil, high side MEP works for sub-structure and super structure of proposed research building of Institute of Chemical Technology at Matunga, Mumbai.
Vedanta slips 3.7 percent: The company shares are trading lower after the Tamil Nadu government moved Supreme Court against the order of National Green Tribunal allowing reopening of Sterlite's Tuticorin unit.
Market Update: Equity benchmarks continued to trade lower, with the Sensex trading lower by over 100 points. The Nifty is above 10,850-mark.
The Sensex is down 110.21 points or 0.30% at 36144.36, and the Nifty down 38.60 points or 0.35% at 10871.50. The market breadth was negative as 810 shares advanced against a decline of 813 shares, while 99 shares are unchanged.
Market opens: Equity benchmarks have begun the day on a lower note, with the Sensex falling nearly 150 points. The Nifty is below 10,850-mark.
Bank Nifty and the midcap index are in the red, while pain is visible among automobiles, metals, and pharmaceuticals.
The Sensex is down 146.02 points or 0.40% at 36108.55, and the Nifty down 65.80 points or 0.60% at 10844.30. The market breadth is narrow as 241 shares advanced, against a decline of 210 shares, while 34 shares were unchanged.
NTPC, Wipro, HDFC and Bharti Airtel gained the most, while Tata Motors, Vedanta, Eicher Motors and JSW Steel lost the most
Rupee opens: The Indian rupee opened marginally lower at 69.52 per dollar on Wednesday versus previous close 69.45.
Rupee consolidated in a narrow range for the most of the sessions but rose in the last hour of the session. In the last couple of sessions volatility for the USD-INR pair has dropped as most market participants were on the sidelines following New Year holidays, said Motilal Oswal.
Market at pre-open: It is likely to be a subdued start as the Nifty is below 10,900 in pre-opening trade.
The Sensex is up 55.11 points or 0.15% at 36309.68, while the Nifty is lower by 12.50 points or 0.11% at 10897.60.
The Indian rupee opened marginally lower at 69.52 per dollar on Wednesday versus previous close 69.45.