Market Live: Sensex ends down 275 points; IT stocks trip 3%

16BL16_MW_BSE5

Healthcare battles weak trend; up 1%

 

3.45 pm

Closing Bell

The BSE benchmark Sensex ended 275 points lower  following weak global cues amid fresh foreign fund outflows.

The 30-share Sensex lost 274.71 points, or 0.77 per cent, at 35,199.80 points. The gauge had lost 300.37 points yesterday.

Sectoral indices led by IT, teck, metal, capital goods and power ended in the negative zone with losses up to 2.90 per cent. The BSE IT index fell nearly 3 per cent at 13,457.03.

The NSE Nifty too ended lower by 56.15 points, or 0.53 per cent, at 10,600.05.

Brokers said a weak trend in other Asian markets following extended rout at Wall Street on Tuesday on disappointing earnings amid fears over slowing global growth on US-China trade dispute and the steady rise in interest rates, dampened sentiment here.

However, crude oil prices dipping to one-year low in global market on supply concerns, capped the fall in the indices.

BSE SENSEX CHART

BSE SENSEX

NEW 52 WEEK HIGH ON NSE

NEW 52 WEEK HIGH on NSE

 

NEW 52 WEEK LOW ON NSE

NEW 52 WEEK LOW on NSE

 

 

3.25 pm

NIFTY MIDCAP GAINERS

NIFTY MIDCAP GAINERS

 

 

3.20 pm

NIFTY NEXT 50 LOSERS

Nifty Next 50 Losers

 

3.10 pm

NIFTY NEXT 50 GAINERS

Nifty Next 50 Gainers

 

3 pm

TOP LOSERS ON BSE

Top Losers on BSE

 

 

2.55 pm

TOP GAINERS ON BSE

TOP GAINERS ON BSE

 

2.50 pm

Markets witness pull-back

Markets staged a mild recoverty from the day's lows following fresh buying in banking, healthcare, PSUs and Auto stocks. The BSE Sensex was still trading in the negative, down by 187 points at 35,287.62 and the Nifty too was down 37 points at 10,619.

BSE SENSEX CHART

 

2.40 pm

Minda Corp shares surge on equity revamp

Minda Corporation stock zoomed nearly 8 per cent to Rs 141.50 today after the company has said it entered into definitive agreements with its joint venture partner, Furukawa Group of Japan, for change in equity structure of Minda Furukawa Electric Private Limited (JVCO). As per the proposed realignment, the equity stake of joint-venture partner in the JVCO will change from 49% to 75% and stake of Minda Corporation Ltd. will change from existing 51% to 25%.

Minda corp plant

 

Auto components maker, Minda Ind, to acquire German firm

Auto components manufacturer, Minda Industries Ltd (MIL), a flagship company of the Uno Minda Group, on Monday said it is acquiring Germany-based ...

Read More  

2.25 pm

Healthy core: IndusInd Bank

Strong loan growth and steady asset quality have made IndusInd Bank a resilient performer

With public sector banks facing capital crunch and many non-banking finance companies weighed down by liquidity issues, leading private sector banks are ...

CLICK TO READ THE FULL ARTICLE

 

 

2.15 pm

Maruti revv up on raising Brezza production

Maruti Suzuki India stock firmed up by 0.70% at Rs 7,384 on the NSE today after the company has said it increased production of Vitara Brezza to reduce waiting period of the model. The production was increased 10% to 94,000 units during April-October period of the current fiscal as compared with same period of 2017-18.  Maruti had sold over 1,48,000 units of Vitara Brezza in FY18.

 

Maruti Suzuki ramps up production of Vitara Brezza

At present, the model has a waiting period of four-six weeks

Read More  

2 pm

Markets correct

Indices witnessed a moderate pull back in the afternoon session. However, equities are still trading in the negative terrain only. The BSE Sensex was down by 238 points at 35,236.04 and the Nifty was down by 49 points at 10,607 today.

BSE SENSEX CHART

 

 

1.50 pm

Short TCS on rallies with stiff tight loss

₹1877 • TCS

 

S1

S2

R1

R2

COMMENT

1860

1840

1900

1920

Utilise intra-day rallies to initiate fresh short positions with a stiff stop-loss at ₹1,900 levels

 

TCS posts 22.6% rise in Q2 profit; shares sunny outlook for FY19

India’s largest software exporter Tata Consultancy Services (TCS) reported a 22.6 per cent rise in its net profit for the quarter ended September 30 ...

Read More  

1.40 pm

PSU Banks post gains

Banking stocks made smart gains despite the overall weak trend today following positive news that RBI agreed at its board meeting last Monday to extend the deadline to March 31 so that lenders may further lift capital conservation buffers. The RBI estimates that banks will have capacity to lend an extra ₹2.5 trillion to ₹3.0 trillion (i.e $35 billion to $42 billion) over the next year.

RBI move boosts banks' lending ability to $42 billion

RBI agreed at its board meeting on Monday to extend the deadline to March 31 so that lenders may further lift capital conservation buffers.

Read More  

NIFTY PSU BANK STOCKS

NIFTY PSU BANK STOCKS

 

1.25 pm

BSE BANKEX

BSE BANKEX

 

 

12.55 pm

Nifty 50 November Futures (10,600)

The Nifty 50 futures contract is under pressure. After falling by about one per cent on Tuesday the contract has extended its downmove today as well. It has tumbled below the key support level of 10,670. The contract made a low of 10,577 and has managed to bounce back from the lows. It is currently trading at 10,600. The near-term view is mixed.

CLICK HERE TO READ FULL STORY

 

NIfty Nov Futures Quotes (NSE)

 

12.35 pm

Nifty 50 Futures: Initiate fresh short with tight stop-loss below 10,620 levels

10671 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10620

10570

10720

10775

Consider initiating fresh short positions with a tight stop-loss if the contract falls below 10,620 levels

 

 

12.30 pm

Go short in SBI if falls below ₹276 levels

₹283 • SBI

S1

S2

R1

R2

COMMENT

276

270

288

293

Fresh short positions can be initiated with a tight stop-loss if the stock declines below ₹276 levels

 

SBI’s bad loans remain high with no significant reduction in watchlist

Except for the one-off gain of ₹1,560 cr, earnings would have slipped into the red

Read More

SBI net profit slips 69% to Rs 576 crore in Q2

Shares of the bank closed 3.45 per cent higher at Rs 295.30 on BSE

Read More  

12.25 pm

Initiate long in Reliance only if it reverses higher from  ₹1,125 levels

 

₹1138 • Reliance Ind.

 

S1

S2

R1

R2

COMMENT

1125

1110

1150

1165

Initiate fresh long positions with a fixed stop-loss if the stock of RIL reverses higher from ₹1,125 levels

Reliance Industries Q2 profit rises 17%

Reliance Industries Ltd on Wednesday posted a higher consolidated profit for the July to September period, helped by a strong profit in its ...

Read More  

 

12.10 pm

Short ONGC with tight stop loss

₹152 • ONGC

S1

S2

R1

R2

COMMENT

149

146

156

159

Fresh short positions can be initiated with a stiff stop-loss if the stock fails to move beyond ₹156 levels

 

ONGC posts 61% rise in Q2 net at ₹8,265 cr

State-owned Oil and Natural Gas Corp (ONGC) Saturday reported a 61 per cent jump in its September quarter net profit as higher prices offset a dip in ...

Read More  

ONGC ordered to pay wharfage compensation to Mumbai Port Trust

Arrears from FY 2015 runs into ₹173.69 crore

Read More  

12.05 pm

Near-term bearish for Infy

₹641 • Infosys

S1

S2

R1

R2

COMMENT

630

620

650

660

Near-term stance is bearish for the stock of Infosys. Make use of intra-day rallies to sell the stock

Infosys hits 5-month low; chart suggests further down

Shares of software services exporter Infosys on Wednesday fell as much as 2.99 per cent to ₹ 622.20, its lowest since June 22. The stock breached ...

Read More  

12.05 pm

Initiate long position in ITC with tight stop loss

₹283 • ITC

S1

S2

R1

R2

COMMENT

280

277

286

289

Fresh long positions can be initiated with a tight stop-loss if the stock of ITC reverses higher from ₹280 levels

ITC to ramp up dairy portfolio

To launch pouch milk in West Bengal on Wednesday

Read More  

11.55 am

The stock of Sobha Ltd fell nearly 2 per cent today after it said post-IL&FS, cost of funds has risen and this has impacted new home loans as NBFCs had been taking a more aggressive stance than banks in their disbursal. The company’s MD and Vice-Chairman JC Sharma spoke to The HinduBusinessline about the increased cost of funds in the post-IL&FS scenario, how the firm’s backward integration model is helping improve margins, and why Mumbai remains a dream market.

Read the INTERVIEW WITH MD and Vice-Chairman JC Sharma

11.35 am

Nifty Pharma Stocks

Nifty Pharma stocks

 

11.30 am

Nifty FMCG Stocks

Nifty FMCG index

 

11.25 am

Nifty Auto Stocks

Nifty Auto Index

 

11.15 am

Aviation, Oil marketing stocks climb

Shares of aviation and oil marketing companies surged due to sharp drop of nearly 7 per cent in global crude oil prices.

Shares of Jet Airways, InterGlobe and Spicejet were trading higher up to 6.59 per cent.

Shares of state-run oil marketing companies such as BPCL, IOC and HPCL gained up to 4.21 per cent.

 

FILE PHOTO

 

11.05 am

Sensex drops on weak global trend

The BSE benchmark Sensex fell over 300 points in early trade ON Wednesday following weak global cues amid fresh foreign fund outflows.

The 30-share was trading 309.24 points, or 0.89 per cent, lower at 35,158.36 points. The gauge had lost 300.37 points yesterday.

Sectoral indices led by IT, teck, metal, capital goods and power were trading in the negative zone with losses up to 2.70 per cent.

The NSE Nifty too was trading 80 points, or 0.75 per cent, down at 10,576.05.

Brokers said a weak trend in other Asian markets following extended rout at Wall Street on Tuesday on disappointing earnings amid fears over slowing global growth on US-China trade dispute and the steady rise in interest rates, dampened sentiment here.

However, crude oil prices dipping to one-year low in global market on supply concerns, capped the fall in the indices.

BSE SENSEX

 

BSE SECTORAL INDEX

 

10.50 am

Yes Bank shares up sharpy

Shares of Yes Bank has risen as much as 3.3 per cent to ₹ 198.5 on Wednesday.  Private-sector lender said late on Tuesday recent resignations bear no impact on the new MD & CEO selection process; and added that the selection process is on track

Yes Bank shares rise after company says CEO selection process on track

The stock was the top gainer among the 30-Sensex components.

Read More  

10.35 am

Infosys hits 5-month low; chart suggests further down

Shares of software services exporter Infosys on Wednesday fell as much as 2.99 per cent to ₹ 622.20, its lowest since June 22. The stock breached below its 200-day exponential moving average, which is a bearish sign.

READ MORE ON THIS ARTICLE

 

10.20 am

Dr Reddy's scrip zooms 8% on US court ruling

The shares of Dr Reddy's Laboratories surged as much as 8.7 per cent to ₹2,655 on Wednesday, their highest since Sept. 26.

A U.S. appeals court on Tuesday allowed the generic drugmaker to sell a copycat version of its rival Indivior Plc's opioid treatment Suboxone Film.

DR REDDY'S LAB CHART

 

10.15 am

Indo Count Industries  stock was trading marginally higher after the company said that workers at its spinning unit at Gokul Shirgaon, Kolhapur, Maharashtra, have resumed work from November 19 ‘unconditionally’. The workers were on strike from the evening of November 4 demanding higher bonus.

Company news: Indo Count Industries

Indo Count Ind

 

10.05 am

Public sector banks post gains

PSU banking stocks were up marginally today aided by Oriental Bank, Indian Bank, Bank of Baroda, SBI and Union Bank. The Nifty PSU index was traded higher by 19 points or 0.70% at 2,943.20.

PSU BANK STOCKS

RBI’s relief on capital will benefit only a few PSU banks

9.55 am

Oil & Gas stocks up over 1% on strong crude

Oil & Gas stocks bucked the weak trend in overall markets after crude Oil prices recovered some of the previous day's over 6 percent plunge, mainly lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports.

READ MORE

BSE OIL & GAS INDEX

OIL & GAS STOCKS

 

Crude oil prices rise after 6% plunge, but market on edge

9.45 am

BSE IT index sheds 2%

The BSE IT index were down today by nearly 300 points or 2.14% to 13,565.07 on. Shares of IT companies fell  between 1.50% and 4 per cent on a stronger rupee and also aided by weak US markets.

The scrip of L&T Infotech dropped 4.75 per cent, Infosys declined 2.36 per cent and TCS 2.05 per cent on NSE. Also, Tech Mahindra shares fell by 2.80 per cent, HCL Technologies 2.20 per cent and Mind Tree declined 2.40%

BSE IT INDEX

 

9.35 am

Nestle up as CEO lays stress on organic growth

Nestle India stock gained nearly 1% today  after its parent company Nestle's CEO Mark Schneider said the Indian company has has showcased strong leadership and grew organically and going the company is interested in strong organic growth. Food and beverages major Nestle has been sharply focusing on renovating its product portfolio at a global level.

Nestle expects strong organic growth in India, open for inorganic growth opportunities

Nestlé India has been found guilty of indulging in profiteering of over ₹ 100 crore. File Photo   -  Reuters

 

9.25 am

Nifty Bank Index

 

9.15 am

The 30-share Sensex declined 89 points, or 0.25 per cent, to 35,384.995. The barometer had lost 318 points yesterday.

Sectoral indices, such as metal and IT were down, while auto, oil and gas, consumer durables and healthcare, rose in the opening trades. Oil & Gas sector index rose by up to 2 per cent today.

The NSE Nifty too was down by 15 points, or 0,15 per cent, at 10,641.40.

The BSE IT index fell 1.74 per cent to end at 13,862.09. File Photo   -  BusinessLine

BSE SECTORAL INDICES

 

9.10 am

Sensex marginally higher at pre-open trades

At the pre-open trade, the BSE Sensex was up 18 points at 35,492.62 and the Nifty too gained 14 points at 10,670.95.

SENSEX STOCKS

 

9.05 am

Day Trading Guide For November 21

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2015 • HDFC Bank

S1

S2

R1

R2

COMMENT

2002

1990

2025

2040

Initiate fresh short positions with a stiff stop-loss only if the stock falls below ₹2,002 levels

 

₹641 • Infosys

S1

S2

R1

R2

COMMENT

630

620

650

660

Near-term stance is bearish for the stock of Infosys. Make use of intra-day rallies to sell the stock

READ MORE ON THIS RECOMMENDATION

 

9 am

Today's Pick: Birla Cable (₹ 211.3): Buy

Breaching a key resistance at ₹200, the stock of Birla Cable surged 4.8 per cent accompanied with an above average volume on Tuesday. This rally gives an  READ MORE ON THIS RECOMMENDATION

 

 

 

8.55 am

Wall Street sells off again as retail, energy struggle

U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fuelling worries about economic growth. READ MORE

Wall Street stocks finished a volatile week on a sour note on Friday.   -  Reuters

 

8.50 am

 

Asian stocks fell on Wednesday, weighed by a renewed bout of selling on Wall Street, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets. The dollar stood tall, rallying from a two-week low, as the currency found safe-haven demand from heightened risk aversion.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.55 percent.

READ MORE

File Photo   -  Reuters

 

Published on November 21, 2018