Market Live: Sensex ends down 300 points

Nifty down 1%; BSE Metals down 2.82%

3.45 pm

Closing Bell

Equity indices lacked strength from the beginning of today's trading session following sustained selling from investors and domestic funds amidst lack of buying support.

Later, equities displayed complete exhaustion in the afternoon session as those selling were not followed-up with any significant buying. 

Equities have not seen any recovery even in late deals as the day belonged completely to sellers.  Metals, IT, pharma, banking and oil & gas witnessed relentless selling pressure with no large buying to absorb the supplies. Major losers were Metal and Software stocks which lost between 1.70% and 3 per cent.

The BSE Sensex ended lower by 300.37 points or 0.84% at 35,474.51, while the Nifty was down by 107.20 points at 10,656.20.

The BSE Metal index was down 2.90% at 12,343.26 and IT index too slipped 245.47 points or 1.61% at 13,862.09

BSE SENSEX

BSE SENSEX CHART

BSE IT Index

BSE IT INDEX

BSE METAL INDEX

BSE METAL INDEX

BSE SECTORAL INDICES

BSE SECTORAL INDICES

 

3.15 pm

NIFTY NEXT 50 GAINERS

Top 10 GAINERS NIFTY NEXT 50

NIFTY NEXT 50 LOSERS

NIFTY NEXT 50 LOSERS

 

 

3.05 pm

BSE SENSEX CHART

 

2.55 pm

Metal stocks weaken

Metal stocks such as  Jindal Steel, Hindalco, National Aluminium, SAIL and Tata Steel fell between 3 and 5% per cent on heavy selling by domestic funds and investors.

BSE METAL CHART

 

BSE OIL & GAS CHART

Oil&Gas chart

 

2.40 pm

Heavyweight stocks down sharply

Large-cap stocks dragged the Sensex lower in the afternoon session. Yes Bank, Tata Steel, Vedanta, Wipro, NTPC, ICICI Bank, SBI, HDFC, Maruti, TCS, ITC, and Sun Pharma fell between 1 and 4 per cent now.

BSE SENSEX CHART

 

 

2.30 pm

D B Corp trades positive

Stock of DB Corp was trading positive bucking the overal weakness in market. The stock was quoted higher by 0.25% at Rs 179.65 on the NSE. D B Corp recently said that its radio division MY FM has increased its ad rates by 15 per cent across key markets. The hike is effective November 15, 2018 backed by strong growth in listenership across its key markets. 

 

DB Corp’s radio division hikes ad rates by 15% across key markets

Media firm DB Corp on Monday said its radio division MY FM has increased its advertisement rates by 15 per cent across key markets.“The hike is ...

Read More  

2.15 pm

Tata Investment Corpn shares trade flat

Tata Investment Corporation shares were trading flat despite the overall market weakness. The Tata Investment Corporation board had approved a proposal to buy-back up to 45 lakh equity shares of the company for an aggregate amount not exceeding Rs.450 crore, being 8.17% of the total paid-up equity share capital, at Rs.1,000 per share. As on  November 9, 2018, promoter companies held 72.98% stake in Tata Investment Corporation.

Tata Investment board okays buyback plan

The board of Tata Investment Corporation (TIC) on Friday approved a ₹450-crore buyback plan. According to the proposal, the company will buy back up ...

Read More  

The way out A roadmap is likely to be prepared by the month-end by when LIC is also likely to have sold off some investments in the company.

 

2 pm

BSE BANKING INDEX

BSE BANKING INDEX

 

BSE HEALTHCARE INDEX

BSE HEALTHCARE INDEX

 

 

1.50 pm

Markets extend losses

Sensex fell over 200 points in the afternoon session and there was sudden drop in the equities in the last half-an-hour trading. IT stocks witnessed selling and the BSE IT index was down over 1.25% to trade at 13, 930. HCL Tech, Zentec Mphasis,   Tech Mahindra, Nelco, LT Infotech shares fell between 2 and 3 per cent today.

BSE IT INDEX

BSE IT INDEX

BSE AUTO INDEX

BSE AUTO INDEX

 

1.40 pm

BSE SENSEX

 

1.25 pm

The Nifty call: Go long with stop-loss at 10,690

Nifty 50 November Futures (10,710)

The Nifty 50 futures contract opened with a gap-down at 10,749 and fell to an intraday low of 10,707. However, the down move seems to be lacking strength. Also, the contract continuing to hover above the psychological 10,700 level ; READ MORE ON THIS RECOMMENDATION

 

1.15 pm

Markets slip on fresh bout of selling

Key market indices fell due to weakness in Banking, IT, Auto, Healthcare, Metal, Realty and Consumer Durables stocks.

The BSE Sensex was down by 152 points at 35,622.34, while the Nifty was down by 61.50 points at 10,701.90.

The Nifty call: Go long with stop-loss at 10,690

Nifty 50 November Futures (10,710)The Nifty 50 futures contract opened with a gap-down at 10,749 and fell to an intraday low of 10,707. However, the ...

Read More  

Sensex chart

BSE SECTORAL INDICES

 

12.50 pm

Jet Airways shares extend losses as Tatas to go slow on deal

Shares of Jet Airways (India) Ltd fell as much as 5.8 per cent to Rs 304, extending losses to a second straight session. Conglomerate Tata Sons Ltd to go slow on deal to buy Jet Airways after some directors expressed reservations at an inconclusive board meeting last Friday. READ MORE

 

Tata Sons is in pursuit of a controlling stake of debt-laden Jet Airways. File Photo   -  Reuters

‘Management must ensure private airlines function properly’

The government does not seem to be in favour of extending a helping hand to cash-strapped Jet Airways.Suresh Prabhu, Minister of Civil Aviation, said: ...

Read More  

12.35 pm

BSE SENSEX

 

12.25 pm

Nomura raises price target for IPCA Lab

Nomura has raised the price target for shares of drugmaker IPCA Laboratories Ltd to Rs 915 from Rs 723. The stock is quoted flat at 761.45 today on the NSE.

 

 

12.10 pm

PSU banks fall after RBI board meet

Shares of state-run banks fell about 1 per cent today, a day after the central bank board meeting. The Nifty PSU bank index dropped as much as 1.7 per cent, in its biggest single-day per cent loss in a week.  READ MORE

 

RBI Governor Urjit Patel and Finance Minister Arun Jaitley.   -  PTI

Extension of time period for implementation of Basel 3 guidelines is credit negative for banks, says Moody's

The Reserve Bank of India's decision to extend the timeline for the full implementation of Basel 3 guidelines by a year is a credit negative for ...

Read More

 

Easing tensions between RBI, govt positive for INR assets: report

Singapore, Nov 20 Easing tensions between the Reserve Bank of India (RBI) and the government was likely to be positive for Indian Rupee (INR) assets, ...

Read More  

 

12 noon

VOLUME GAINERS ON NSE

VOLUME GAINERS ON NSE

 

11.45 am

Arvind Ltd shares firmed up by nearly 1 per cent today after it informed the exchanges that aggregate holdings of the company's shares by the HDFC MF schemes was 5.07% of the paid up equity share capital being Rs 258, 61,70,690 comprising 25,86,17,069 equity shares of Rs 10 each.

Arvind Ltd. - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Arvind Ltd Chart

 

11.30 am

Alembic Pharma shares were up today after the company informed the stock exchanges that it has received US Food & Drug Administration (USFDA) approval for Vardenafil Hydrochloride Orally Disintegrating Tablets, 10 mg.

The stock gained Rs 4.15 or 0.73% at Rs 569.15 on the NSE today.

Alembic Pharmaceuticals Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

ALEMBIC PHARMA CHART

 

 

11.25 am

'Oil India shares up on buyback RD announcement

Oil India Ltd. - RECORD DATE FOR BUYBACK

Shares of Oil India Ltd have gone up today after the company board fixed December 3 as the record date for buyback of shares from shareholders

 

 

11.20  am

BSE SECTORAL INDICES

 

11.15 am

BSE SENSEX CHART

 

BSE SECTORAL INDICES

BSE SECTORAL INDICES

 

11.10 am

How far can the rupee strengthen?

A study of the historical movements in the currency indicates it could test 69 and 68 in the coming months  READ MORE ON THIS ARTICLE

 

Rupee, bonds rise after RBI board meeting

The Rupee rose by 21 paise to end at 71.46 against the US dollar on increased selling of the greenback by exporters.

Read More  

11 am

HSBC gives 'buy' rating Bajaj Finance

HSBC initiates coverage on non-banking financial company Bajaj Finance Ltd at target price of Rs 3,000 and a 'buy' rating

HSBC said in its rating report that the bank management has demonstrated its execution capability, making it as one of the fastest-growing and most profitable banking, financial services and insurance (BFSI) companies in India, with a valuation premium to peers. TO READ MORE CLICK HERE

BAJAJ FINANCE STOCK

BAJAJ FINANCE STOCK

 

10.50 am

Yes Bank shares declines sharply over independent director resignation

In the early trade today, the shares of Yes Bank dropped as much as 6.5 per cent to ₹ 191.6.

The lender said late on Monday that the non-executive and independent director Rentala Chandrashekhar has resigned READ MORE

 

10.40 am

RBI board meet strikes a middle ground

After a marathon nine-hour meeting, the Reserve Bank of India’s central board on Monday took the middle ground in a bid to defuse rising tension between the government and the central bank.

 

NBFCs shares fall as RBI allows banks to lend more to non-banking firms

The shares of non-banking financial companies (NBFCs) drop by 9-13 per cent after Reserve Bank of India (RBI) on Friday increased lenders' single ...

Read More  

10.35 am

STOCKS AT 52-WEEK HIGH

52-WEEK HIGH STOCKS

STOCKS AT 52-WEEK LOW

STOCKS AT 52 WEEK LOW

 

10.20 am

TOP TEN GAINERS

TOP 10 GAINERS

TOP 10 LOSERS

TOP 10 LOSERS

 

BSE SENSEX

BSE SENSEX CHART

 

 

9.55 am

BSE Sensex chart

BSE SECTORAL INDICES

 

VOLUME TOPPERS

VOLUME TOPPERS

 

9.50 am

Rupee, bonds rise after RBI board meeting

Indian rupee and bonds rose in early trade on Tuesday after the outcome from a central bank board meeting late Monday removed uncertainty over a growing rift over policy decisions between the government and the Reserve Bank of India (RBI).

The rupee rose to as much as 71.36 to the dollar, its highest since September 4 from its previous close of 71.65

The domestic currency has already crossed the 74 mark. File Photo   -  The Hindu

 

 

9.45 am

IPCA Labs (Buy)

Anand Rathi

IPCA Labs (Buy)

CMP: ₹763

Target: ₹893

In H1 FY19 Ipca’s domestic formulations revenue grew about 21 per cent y-o-y. 

 

 

9.40 am

Weekly Trading Guide

Short-term outlook is bullish for SBI (₹290.3)

SBI fell over 3 per cent in the initial part of last week. However, the stock managed to claw back from the low of ₹273.5, recovering all the losses and closed 2.6 per cent higher. This leaves the outlook bullish.

READ MORE ON THIS RECOMMENDATIONS

 

 

9.35 am

Day Trading Guide For November 20

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

₹2014 • HDFC Bank

S1S2R1R2COMMENT
2002199020252040Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹2,025 levels

 

 

9.20 am

Deep Industries (₹140.8): Buy

Investors with a short-term perspective can buy the stock of Deep Industries at current levels. The small-cap stock had recently breached a key resistance level of ₹125.

READ MORE ON THIS RECOMMENDATION

 

 

9.15 am

BSE benchmark Sensex declined in early trade today  following losses in metals, realty banking and IT stocks.

The 30-share index lost 103.88 points to 35,671.

The NSE Nifty too was down by 36 points, or 0.35 per cent, at 10,726.10.

BSE Sensex chart

 

BSE SECTORAL INDICES

 

 

9.05 am

Wall St tumbles as technology sector leads losses

U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.

 

File Photo   -  Reuters

 

9 am

Asian markets down as Wall Street knocked by tech sell-off

Asian stock markets slipped on Tuesday, extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. READ MORE

Published on November 20, 2018