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Closing Bell
Equity benchmark BSE Sensex and the NSE Nifty extended early losses and plunged nearly 800 points on Monday as escalation in tensions in West Asia fuelled intense selloff in global equities.
The 30-share BSE index ended 787.98 points or 1.90 per cent lower at 40,676.63. Similarly, the broader NSE Nifty cracked 12,000 mark and ended at 11,993.05, down by 233.60 points or 1.91% from its previous close.
Bajaj Finance was the top loser in the Sensex pack, diving nearly 5 per cent, followed by SBI, HDFC, IndusInd Bank, Maruti, Asian Paints Hero MotoCorp, ICICI Bank and Axis Bank.
On the other hand, Titan and TCS were the only exception to the overall negative trend. Titan and TCS traded in the green today on the back of buying support.
On the BSE, the number of advancing scrips was lesser at 603 against the decliners at 1,941. The ratio of advancing shares to decliners was 1:3, strongly favouring sellers.
According to traders, domestic market witnessed heavy selloff as global stocks slumped after US President Donald Trump vowed “major retaliation” if Iran tries to avenge the killing of its key military commander Qasem Soleimani and doubled down on a threat to bomb Iranian cultural sites.
He also threatened to impose “very big sanctions” on Iraq if it follows through on a parliament vote calling for the expulsion of US troops based in the country.
Following the news, Brent oil prices surged nearly 3 per cent to $70.59.
Bourses in Hong Kong, Shanghai, Tokyo and Seoul were trading up to 2 per cent lower.
Meanwhile, the rupee depreciated 30 paise to 72.10 against the US dollar as crude oil prices climbed higher in early trade, but reovered sliightly from day's low to trade at 71.98 (intraday).
Nifty chart
Sensex stocks at close of trade
Sensex stocks
Advances and Declines on BSE
BANK NIFTY CHART
Bank Nifty chart
SOVEREIGN GOLD BONDS
Sovereign Gold Bonds
NSE approaches markets regulator SEBI for IPO
The National Stock Exchange (NSE) on Monday said it has approached markets regulator SEBI for its initial public offering and hopes to launch the public issue by September this year subject to approvals.
Gold futures soar ₹857 to ₹40,969 per 10 gm
Gold prices on Monday soared by ₹857 to ₹40,969 per 10 gram in futures trade as speculators moved towards safe haven, amid rising tensions in the Middle East.
2.30 pm
NIFTY SECTORAL INDICES
NIFTY INDICES JAN 6, 2019
NIFTY PHARMA STOCKS
Fund managers cash in on India’s bond rally
Money managers are selling into the recent rally in the country’s long-tenor bonds. Benchmark yields have slid almost 30 basis points since mid-December, thanks largely to the central bank’s unconventional policy action to buy long-end debt while selling short-end notes.
Sensex stocks
Sensex stocks
US-Iran tension is unlikely to keep crude oil prices up, unless supply disrupted: Goldman Sachs
Gold is likely to rally well beyond its current levels, it said.
A flare-up in US-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.
10 wealth creation tenets for 2020
Preservation of capital is as important as its appreciation. Earning money can be a routine task. Growing and preserving wealth, however, can be fairly challenging.
At the heart of lifelong growth and preservation of wealth is investing.
NIFTY METAL STOCKS
Nifty Metal Stocks
NIFTY NEXT50 STOCKS
NIFTY NEXT52 STOCKS
NIFTY AUTO INDEX
NIFTY AUTO INDEX
NIFTY BANK INDEX
Rupee down 30 paise against dollar
The rupee declined 30 paise to 72.10 against the dollar on the back of heavy dollar demand from importers, weighed on . The domestic currency ended at 71.80 on Friday. The rupee depreciated following the spike in crude oil prices, amid rising concerns over US-Iran tensions.
India’s service sector activity growth hits 5-month high in December: PMI survey
The services industry accelerated to a five-month high in December 2019, raising hopes of an economic recovery, a private survey showed. The IHS Markit Services Purchasing Managers’ Index (PMI) rose to 53.3 in December from 52.7 in November.
Brokers urge SEBI to review new margin rules for equity segment
The regulator has reversed the 14-year practice as upfront collection of margin in cash segment kicked-in from January 1
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Midsession
Indian markets corrected sharply after the geo political tensions escalated due to a U.S. airstrike that killed Iranian military leader Qassem Soleimani. Investors moved to safe havens such as as gold and crude oil prices.
The BSE benchmark Sensex declined 657.65 points to 40,807.25, while the Nifty too lost 180.80 points to 12,045.85.
Analysts say that major support on downside was seen at 12,000 for the Nifty as maximum put option positions were built around that level even as the data indicates traders were seen writing ATM and OTM calls on Friday.
Sensex chart
NIFTY 50 INDEX
Nifty 50 index
Future Perfect: Bet on Bajaj Auto's downside
While the long-term outlook remains positive for the stock of Bajaj Auto (Rs 3,072), in the short-term the stock may face some rough ride. It finds an immediate support at Rs 2,985
Short rupee on rallies with stop loss at 71.75
The rupee (INR) faced substantial selling pressure against the dollar (USD) on Friday because of the geopolitical tensions in the middle east. The prospect of crude oil price shooting up weighed on the Indian currency.
Nifty 50 January Futures (12,115)
The Indian benchmarks are facing a considerable selling pressure as tensions in the middle east escalates. All major indices across the globe are down as investors flee for safety. The January futures contract of the Nifty 50 index opened lower at 12,201 versus its previous close of 12,256.
Karur Vysya Bank CEO resigns
Karur Vysya Bank on Monday said its Managing Director & CEO PR Seshadri has submitted his resignation citing personal reasons.
Oil, gold soar, shares slip as US-Iran trade threats
A gauge of Asian shares was toppled from an 18-month top on Monday as heightened West Asia tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.
The United States detected a heightened state of alert by Iran's missile forces, as President Donald Trump warned the US would strike back, “perhaps in a disproportionate manner,” if Iran attacked any American person or target.
NIFTY AUTO INDEX
NIFTY AUTO INDEX
NIFTY BANK INDEX
Nifty Bank Index
NIFTY MIDCAP INDEX
Weekly Trading Guide: Tata Steel breaches resistance band
Tata Steel (₹483.7)
The stock of Tata Steel breached the resistance at ₹470 last week and hence the uptrend looks intact. The stock has closed in the green for four consecutive weeks and the price remains well above the 21- and 50-day moving averages, retaining its bullish outlook.
Index outlook 2020: Sensex and Nifty 50 to stay volatile
The Sensex and the Nifty 50 continued their Indian rope trick in 2019. Even as the economy slowed and corporate earnings stuttered; the Sensex gained 15 per cent and the Nifty 50, 12 per cent. The mid- and small-cap indices, however, reflected the pain in the broader listed stock universe, ending the year with losses.
9.55 am
Nikkei drops to 1-month low on US-Iran jitters
Japan's Nikkei share average fell to a one-month low on Monday as sell-off gripped the market on the first trading day of 2020 on fears of an impact to global economic growth from a flare up in tensions between the United States and Iran.
Equity benchmark BSE Sensex sank over 500 points in early trade on Monday as escalation in tensions in West Asia fuelled volatility in global equities.
The 30-share BSE index was trading 524 points or 1.27 per cent lower at 40,940.69. Similarly, the broader NSE Nifty cracked 143.95 points or 1.18 per cent to 12,082.70.
SBI was the top loser in the Sensex pack, shedding up to 2.91 per cent, followed by Asian Paints, PowerGrid, Maruti, Mahindra and Mahindra, Tata Steel, NTPC, ICICI Bank and HDFC.
On the other hand, Titan, TCS, HCL Tech, Infosys and Tech Mahindra were trading in the green.
Rupee down 25 paise early
The rupee continued its downward journey and fell by 25 paise to 72.05 against the US currency on Monday due to a spike in crude oil prices. The domestic currency fell tracking weak Indian equities amid escalating tensions in the strategic Gulf region.
At the interbank foreign exchange market, the rupee opened lower at 72.03, then lost further ground to touch a low of 72.09 against the American currency. It ended on Friday at 71.80 against the dollar.
Opening Bell
Stock market indices plunged nearly 1 per cent today taking cues from weak Asian markets. Equity indices across Asia including Topix, Nikkei, Hang Seng and Shanghai are down now by 1-2 per cent.
The BSE benchmark Sensex declined 453.16 points to 41,011.45, while the Nifty too lost 153.05 points to 12,073.60.
Nikkei fell over 2 per cent and Hang Seng and Kospi also traded weak that triggered sell-off in Indian equities and the rupee.
The domestic currency breached 72 levels and touched a low of 72.09 today amid strengthening of dollar against other global currencies.
Stock market indices were down marginally at pre-open session taking cues from weak Asian markets.
The BSE benchmark Sensex has shed 86.27 points at 41,378.34, while the Nifty lost 55.55 points to 12,226.65.
Sensex stocks
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