All the 11 sector gauges compiled by National Stock Exchange ended lower.
Domestic stock markets ended on a negative note after swinging between gains and losses amid volatile trade on Wednesday. The S&P BSE Sensex index fell as much as 283.85 points to hit 40,061.23 on the downside, and the broader National Stock Exchange (NSE) Nifty benchmark declined to as low as 11,823.20, down 90.25 points from the previous close. All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Media index's 4.5 per cent fall. Nifty PSU Bank, Nifty Metal, Nifty Private Bank and Nifty bank indexes also fell between 1.8-3.1 per cent each. Analysts awaited macroeconomic data due later in the day for more clarity on interest rates going forward.
Here are highlights of the movement in domestic stock markets (Sensex and Nifty) on November 13:
Sensex Ends 229 Points Lower, Nifty settles At 11,840
The Sensex ended 229.02 points - or 0.57 per cent - lower at 40,116.06. The Nifty settled 73 points - or 0.61 per cent - lower at 11,840.45.
Selloff In Banking Shares Deepen; Bank Nifty Plunges Over 600 Points
Selloff in banking shares deepened in last hour of trading. The Nifty Bank index plunged as much as 627 points to 30,488. All shares in the 12-member banking index were trading lower.
Top losers in banking space:
- Yes Bank -6.85%
- State Bank of India -3.63%
- Bank of Baroda -3.52%
- RBL Bank -3.26%
- Axis Bank -3.19%
Market Update: Sensex, Nifty Extend Losses Led By Decline In Banking Shares
The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in noon deals on the back of selling pressure in banking shares.
As of 2:45 pm, the Sensex fell as much as 168 points to 40,177 and the Nifty 50 index declined 51 points to 11,863.
Top Nifty losers:
- GAIL India -4.99%
- Yes Bank -4.25%
- Zee Entertainment -4.13%
- Adani Ports -3.94%
- Hindalco -3.72%
Top Nifty gainers:
- Britannia Industries +4.40%
- TCS +3.22%
- Reliance Industries +3.01%
- Bajaj Finserv +0.97%
- Nestle India +0.66%
Adani Green Energy Surges On Turning Profitable In September Quarter
Shares of Adani Green Energy surged as much as 6.6 per cent to hit an intraday high of Rs 99.80 after the company returned to profit in September quarter.
Adani Green Energy reported net profit of Rs 102.29 crore in the quarter ended on September 30. That compares with a loss of Rs 97.44 crore in the previous quarter and loss of Rs 187.96 crore in the same quarter last year.
Vodafone Idea Slumps On Report Vodafone's Ultimatum For Not Pumping More Capital In India
Shares Vodafone Idea slumped as much as 6.25 per cent to hit an intraday low of Rs 3.75 on report that the Vodafone Group Plc has given ultimatum to not to pump in more capital in India, a "potentially disastrous but fitting end to Vodafone's big bet on India" where the destruction of value has been complete.
Global telecom player, Vodafone has told Indian authorities that it will not provide more capital for its India business unless there are provisions allowing it to compete with Mukesh Ambani's Reliance Jio.
According to British media reports, Nick Read, Vodafone's CEO has for all practical purposes issued an ultimatum to the Indian government.
Nifty Bank Index Slumps Over 300 Points; Yes Bank Worst Performer
The gauge of banking shares on the National stock Exchange - Nifty Bank index - fell as much as 360 points to hit an intraday low of 30,755.
Top losers in banking space:
- Yes Bank -4.38%
- State Bank of India -2.81%
- RBL Bank -1.88%
- Axis Bank -1.70%
- Bank of Baroda -1.45%
Britannia Shares Jumps Nearly 6%
Britannia shares jumped as much as 5.86 per cent to Rs 3,299.00 apiece on the BSE. At 1:48 pm, the Sensex traded 4.94 per cent higher at Rs 3,270.25 apiece on the bourse, outperforming the benchmark Sensex index which was down 0.11 per cent.
Sensex, Nifty Turn Flat
At 11:11 am, the Sensex traded 1.98 point higher at 40,347.06 while the Nifty was down 6.10 points at 11,907.35. Eight of the 11 sectoral indices on the National Stock Exchange moved lower. Auto and metal stocks bucked the trend.
|Nifty Fast Moving Consumer Goods||+0.10%|
|Nifty Financial Service||+0.40%|
|Nifty Private Bank||+0.65%|
|Nifty PSU Bank||+0.86%|
|Nifty Media||+2.99%|Zee Entertainment, GAIL, SBI Shares Top Nifty Losers
Top Nifty Gainers Vs Losers
|Zee Entertainment||-3.29%|Sensex, Nifty Update: Advance-Decline Ratio Favours Gains
Market breadth favoured gains, with 920 stocks trading higher on the Bombay Stock Exchange (BSE), 803 moving lower and 93 remaining unchanged. On the National Stock Exchange (NSE), 894 stocks advanced, 743 declined while 494 were flat.
On the NSE's Nifty 50 index, 23 stocks rose and 26 fell.
Britannia, Yes Bank, TCS Top Nifty Gainers
Gains across most sectors supported the markets. At 9:38 am, the Sensex traded 83.12 points (0.21 per cent) higher at 40,428.20 while the Nifty was up 30.15 points (0.25 per cent) at 11,943.60. Top percentage gainers on the 50-scrip index at the time were Britannia, Yes Bank, TCS, Reliance Industries and Coal India, trading between 1.38 per cent and 4.38 per cent higher.
On the other hand, top losers on the Nifty were Zee Entertainment, GAIL, Infosys, Bharti Airtel and Hindalco - down between 0.55 per cent and 2.64 per cent.
Senesx, Nifty Open Flat
The S&P BSE Sensex index opened 1.35 point higher at 40,346.43 and the broader NSE Nifty benchmark started the day at 11,908.30, down 5.15 points from the previous close.
The Sensex had on Monday ended 21.47 points - or 0.05 per cent - higher at 40,345.08 and the Nifty settled at 11,913.45, up 5.30 points from the previous close, after a volatile session.
Sensex Gives Up Early Gains In Pre-Open Market; Nifty Flat
The S&P BSE Sensex index rose as much as 113.59 points to touch 40,458.67 in the pre-opening session, before turning flat. At 9:05 am, the Sensex was down 8.29 points - or 0.02 per cent - at 40,336.79 while the broader NSE Nifty benchmark was at 11,915.55, up 2.10 points from the previous close.
Factory Output (IIP) Contracts At Worst Pace In Over Six Years
Factory output - measured by the Index of Industrial Production - contracted 4.3 per cent in September, government data showed on Monday - the worst performance in more than six years.
The data to a series of weak indicators that suggests the country's economic slowdown is deep-rooted and interest rate cuts alone may not be enough to revive growth.
Britannia Shares In Focus Today After Q2 Earnings Announcement
Britannia shares will be in focus today. On Monday, the FMCG major reported a net profit of Rs 404.22 crore for the quarter ended September 30, marking an increase of 33.42 per cent compared with the corresponding period a year ago.
Its revenue from operations stood at Rs 3,048.84 crore in the second quarter of current financial year, as against Rs 2,869.59 crore in the year-ago period.
Asian Markets Move Lower Amid US-China Trade Concerns
Equities in other Asian markets as well as Wall Street futures fell amid growing worries that US-China trade talks are stalling.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.01 per cent to the lowest in more than a week. Hong Kong shares slumped 1.8 per cent to a two-week low, battered by fears that anti-government protests appear to be spiralling out of control.
SGX Nifty Futures Indicate Lower Start For Domestic Markets
Domestic stock markets are likely to open lower today after a day's holiday. At 8:34 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - traded 35.00 points (0.29 per cent) lower at 11,909.50, after slipping to as low as 11,904.00.