Sensex ends 310 points lower, Nifty below 10,650; IT stocks under pressure
18 February 2019
Market at close: Benchmark indices ended near the day's low on Monday with Nifty finished below 10,650 level.
At the ends, the Sensex was down 310.51 points at 35498.44, while Nifty was down 83.40 points at 10641. About 881 shares have advanced, 1667 shares declined, and 156 shares are unchanged
Bharti Infratel, ONGC, Zee Entertainment, Tata Motors and Axis Bank were the top gainers on the Nifty, while losers were Indiabulls Housing, TCS, Bajaj Finserv, Reliance Industries and Yes Bank.
All the sectoral indices ended in red led by FMCG, IT, metal, pharma, auto, bank and infra.
Market Update: Indian indices are trading lower in the afternoon trade with Nifty hovering around 10,650 level.
The Sensex is down 240.88 points at 35568.07, while Nifty is down 65.60 points at 10658.80. About 809 shares have advanced, 1535 shares declined, and 112 shares are unchanged.
Market Update: Indices are at day's low. Sensex is down 238.76 points or 0.67% at 35570.19, and the Nifty down 75.70 points or 0.71% at 10648.70. About 722 shares have advanced, 1,356 shares declined, and 99 shares are unchanged.
Buzzing: IndusInd Bank shares have gained after global research house Deutsche Bank maintained buy call on the stock with a price target at Rs 1,950 apiece, implying 29 percent potential upside.
Market extends fall: After a flat start the benchmark indices is now trading lower with Nifty slipped below 10,700 level.
The Sensex is down 192.12 points at 35616.83, while Nifty is down 56 points at 10668.40. About 600 shares have advanced, 1011 shares declined, and 75 shares are unchanged.
Market Opens: It is a flat start for the benchmark indices on Monday with Nifty holding above 10,700 mark.
The Sensex is up 38.58 points at 35847.53, while Nifty is up 6.60 points at 10731. About 460 shares have advanced, 395 shares declined, and 52 shares are unchanged.
L&T, Rel Infra, Reliance Capital, Biocon, Tata Steel, Infosys, Vedanta, Dr Reddy's Lab, Tech Mahindra, Wipro, ONGC, are among major gainers, while losers are Yes Bank, Tata Motors, HUL, M&M, UPL and Grasim.
Market at pre-open: Indian indices are flat in the pre-opening with Nifty holding above 10,700 level.
The Sensex is up 38.76 points at 35847.71, while Nifty is down 8.80 points at 10715.60.
Tech Mahindra, Dr Reddy's Lab, Eicher Motors, Bajaj Auto are among major gainers in the pre-opening session, while KPIT Tech and Yes Bank down 10 percent.
Oil hits 3-month high: Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and US sanctions on Iran and Venezuela.
Asian markets trade higher: Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 22 points or 0.20 percent. Nifty futures were trading around 10,776.50-level on the Singaporean Exchange.
Wall Street ends higher: Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.