Sensex ends over 370 points lower, Nifty below 10,700; metals, auto decline
03 January 2019
Market at Close: Equities are closing the session with cuts of over a percent on both indices. The Nifty ended below 10,700, while the Sensex ended nearly 400 points lower.
Amid an all-round sell-off among sectors, financials, automobiles, and metals bled, while investors also dumped in the midcaps space.
All of this added to the volatility on the market.
At the close of market hours, the Sensex was down 377.81 points or 1.05% at 35513.71, and the Nifty lower by 120.20 points or 1.11% at 10672.30. The market breadth was negative as 962 shares advanced, against a decline of 1,588 shares, while 151 shares were unchanged.
Asian Paints, HUL, and Bharti Infratel were the top gainers, while ONGC, M&M, IOC and Eicher Motors lost the most.
Mahindra Lifespace Developers signs agreement with Maharashtra Govt: Deep Mangal Developers, wholly owned subsidiary has signed a non-binding State Support Agreement with the Government of Maharashtra for the development of a world-class tourist destination in Murud in district Raigad.
MARKET UPDATE: Equity benchmarks have continued to trade lower, with the Sensex falling 200 points. The Nifty is well below 10,750-mark as well.
The Sensex is down 195.78 points or 0.55% at 35695.74, and the Nifty down 70.80 points or 0.66% at 10721.70. The market breadth is negative as 893 shares advanced, against a decline of 1,218 shares, while 129 shares were unchanged.
Mahindra & Mahindra: Financial Services plans to raise up to Rs 3,500 crore through public issue of non-convertible debentures (NCDs).
The company plans to undertake a public issue of NCDs for an amount aggregating up to Rs 500 crore (base issue size), opening on January 04, 2019. The issue will close on January 25.
It will have an option to retain oversubscription up to to Rs 3,000 crore aggregating up to Rs 3,500 crore (tranche I issue).
Market opens: Equities have begun the day on a flat note, with the Nifty trading below 10,800.
The Sensex is up 28.52 points or 0.08% at 35920.04, while the Nifty is down 2.20 points or 0.02% at 10790.30. The market breadth is negative as 268 shares advanced, against a decline of 139 shares, while 31 shares were unchanged.
Wipro, Sun Pharma, Coal India and Titan are the top gainers, while ONGC, TCS, and HPCL lost the most.
Among sectors, there is a flat trend across all names. Pain is visible among infrastructure and metals.
Rupee opens: The Indian rupee opened at 70.29 per dollar on Thursday versus 70.17 yesterday.
Rupee fell for the second successive session following broad strength in the greenback and after global crude oil prices rallied after plunging in the past few sessions. On the domestic front, no major economic data is expected to be released but from the US market participants will be keeping an eye on the employment and manufacturing PMI to gauge a view for the greenback, said Motilal Oswal.
Market at pre-open: Equities are likely to see lower start on Thursday, with the Nifty trading around 10,750-mark.
The Sensex is up 8.73 points or 0.02% at 35900.25, and the Nifty down 41.60 points or 0.39% at 10750.90.
The Indian rupee has opened weak at 70.29 per dollar.
Asian markets ends lower: Shares in Asia fell on Thursday and US stock futures dropped sharply after Apple Inc cut its revenue forecast due in part to weaker sales in China, adding to concerns about the slowing global economy.