Domestic stock markets fell on Friday amid volatile trade, a day after benchmark indices rose more than 1 per cent each. The S&P BSE Sensex index rose as much as 117.63 from the previous close to touch 39,107.37 on the upside, but only to remain positive for the day briefly before breaking 324.77 points from there to hit 38,782.60 at the session's weakest level. Weakness across sectors - led by automobile, metal and pharmaceutical shares - dragged the markets lower. The broader NSE Nifty benchmark slid as much as 87.8 points from an intraday high of 11,593.60 to hit 11,505.80 at the weakest level of the day. A majority of stocks on the 50-scrip Nifty index stayed in the negative zone for the most part of the day.
Here are highlights of the movement in domestic share markets (Sensex and Nifty) on September 27:
Top Nifty Losers
- Vedanta: -5.69%
- Yes Bank: -5.00%
- Indusind Bank: -4.92%
- Tata Steel: -4.70%
- Zee Entertainment: -4.64%
Top Nifty Gainers
- Bharti Airtel: +2.89%
- Bajaj Finance: +1.61%
- ITC: +1.36%
- Bajaj FInserv: +1.13%
- Kotak Mahindra Bank: +0.97%
All the 11 sector gauges compiled by NSE ended lower led by the Nifty Metal index's 2.64 per cent fall. Nifty Auto, Nifty Realty, Nifty Media, Nifty Pharma and Nifty PSU Bank index's 0.91-2.06 per cent each.
|Nifty PSU Bank||-0.91%|
|Nifty Private Bank||-0.73%|
|Nifty Financial Services||-0.04%|
|Nifty Fast-Moving Consumer Goods||-0.01%|
|S&P BSE Fast Moving Consumer Goods||+0.35%|
|S&P BSE Energy||+0.33%|
|S&P BSE Consumer Durables||-0.04%|
|S&P BSE Power||-0.05%|
|S&P BSE Information Technology||-0.06%|
|S&P BSE Teck||-0.18%|
|S&P BSE Finance||-0.25%|
|S&P BSE Utilities||-0.39%|
|S&P BSE Oil & Gas||-0.42%|
|S&P BSE Telecom||-0.54%|
|S&P BSE BANKEX||-0.62%|
|S&P BSE Consumer Discretionary Goods & Services||-0.82%|
|S&P BSE Healthcare||-0.93%|
|S&P BSE Capital Goods||-1.01%|
|S&P BSE Industrials||-1.05%|
|S&P BSE Basic Materials||-1.36%|
|S&P BSE Auto||-1.49%|
|S&P BSE Realty||-1.71%|
|S&P BSE Metal||-3.03%|
The rupee edged higher against the US dollar to touch 70.81 at the day's strongest point. After opening lower at 70.96, the rupee gained by as much as 15 paise from that level during the session. In afternoon, it was last seen trading at 70.83 against the greenback, as against its previous close of 70.88.
The Nifty Auto index - comprising shares in manufacturers of cars, motorcycles, heavy vehicles, auto ancillaries and tyres - fell as much as 1.72 per cent during the session. Among prominent laggards was Tata Motors, declining 5.06 per cent to an intraday low of Rs 118.20 apiece on the NSE.
Top Nifty Gainers/Losers
Losses in auto and metal shares dragged the markets lower however gains in consumer goods shares provided some support. Eight out of the 11 sectoral indices on the National Stock Exchange moved in the negative zone.
|Nifty Private Bank||-0.23%|
|Nifty PSU Bank||0%|
|Nifty Financial Services||0.35%|
|Nifty Fast Moving Consumer Goods||0.48%|
The Sensex index rebounded as much as 281.22 points from the lowest level touched in first few minutes of trade to hit 39,096.01 on the upside. The broader Nifty benchmark recovered 75.55 points from the intraday low of 11,516.80 to touch 11,592.35. ITC and NTPC were the top percentage gainers on both indices.
At 9:20 am, the Sensex traded 111.66 points - or 0.29 per cent - lower at 38,878.08 while the Nifty was down 35.85 points - or 0.31 per cent - at 11,535.35. Top laggards on the 50-scrip index at the time were Yes Bank, Tata Motors, Nestle, Tata Steel and GAIL, trading between 1.86 per cent and 4.02 per cent lower.
In the pre-opening session, the Sensex added as much as 156.83 points to touch 39,146.57 on the upside, before declining as much as 292.79 points from that level to 38,853.78. At 9:06 am, the Sensex was up 25.31 points - or 0.06 per cent - at 39,015.05 whereas the Nifty was down 19.35 points - or 0.17 per cent - at 11,551.85.
There are no liquidity-related problems being faced by private sector banks and non-banking financial companies (NBFCs), Finance Minister Nirmala Sitharaman said on Thursday after meeting representatives of banks and other financial institutions.