The S&P BSE Sensex touched an all-time high of 40,749.33 before returning to the negative zone
Domestic stock markets suffered sharp losses to break a two-day record-setting spree. The S&P BSE Sensex index and the broader NSE Nifty benchmark started the session lower tracking weakness in Asian peers, and pushed higher briefly in the afternoon with the 30-scrip index hitting an all-time high of 40,749.33 before returning to the negative zone. Buying in banking stocks was outweighed by a selloff across sectors led by pharmaceutical and consumer goods stocks in a volatile session. The NSE's India VIX index - which measures the market's expectation of volatility in the near term - spiked more than 5 per cent during the session. The Sensex finished the week with a gain of 158.58 points - or 0.39 per cent - and the Nifty added 17.55 points (0.15 per cent).
Here are highlights of the movement in domestic stock markets (Sensex and Nifty) today:
Sensex Ends 330 Points Lower, Nifty Settles At 11,908
The Sensex ended 330.13 points - or 0.81 per cent - lower at 40,323.61 and the Nifty settled with a gain of 103.90 points - or 0.86 per cent - at 11,908.15.
All but three sectoral indices on the NSE finished the session lower.
|Nifty PSU Bank||-1.89%|
|Nifty Fast Moving Consumer Goods||-1.81%|
|Nifty Financial Service||-0.19%|
|Nifty Private Bank||+0.71%|
|Nifty Realty||+1.66%|Eicher Motors Extends Gains After Profit Rises In Q2
Eicher Motors shares extended gains and rose as much as 2.94 per cent to Rs 22,056 after its profit rose 18.5 per cent to Rs 570 crore in July-September period.
Its revenue from operations declined 9.5 per cent to Rs 2,164 crore versus Rs 2,391 crore in the year ago period.
As of 2:47 pm, Eicher Motors shares traded 1.65 per cent higher at Rs 21,784, outperforming the Sensex which was down 0.3 per cent.
Mahindra & Mahindra Shares Steady After Profit Declines In September Quarter
The country's largest tractor maker - Mahindra & Mahindra along with its subsidiary Mahindra Vehicle Manufacturers Limited (MVML) on Friday reported net profit of Rs. 1,355 crore as against profit of Rs. 1,778.75 crore in the same quarter last year.
The profit in the September quarter of 2018, contained an exceptional item of Rs 137.51 crore. After adjusting for exceptional item Mahindra & Mahindra along with MVML's profit declined 18 per cent in the July-September period.
Mahindra & Mahindra shares traded 1 per cent higher at Rs 586.15.
Sensex, Nifty Turn Volatile; Bharti Infratel, Sun Pharma Top Losers
After rebounding from intraday low levels, the markets turned volatile and declined again. India VIX, th gauge of volatility on the NSE jumped 3.3 per cent to 15.71.
As of 1:52 pm, the Sensex traded 90 points lower at 40,564 and Nifty was down 32 points at 11,980.
Market Update: Sensex, Nifty Rebound From Intraday Lows Led By Banks
The Sensex and Nifty rebounded from intraday low levels. As of 1:11 pm, the Sensex traded 53 points higher at 40,706 and the Nifty 50 index advanced 11 points to 12,023.
Top Nifty gainers:
- Yes Bank +7.60%
- IndusInd Bank +4.61%
- ICICI Bank +3.43%
- Zee Entertainment +1.99%
- Mahindra & Mahindra +1.92%
Top Nifty losers:
- Bharti Infratel -3.66%
- Sun Pharma -2.71%
- UPL -2.64%
- GAIL India -2.16%
- Hindustan Unilever -1.80%
Banking Shares Witness Buying Interest; Nifty Bank Hits 4-Month High
Banking shares were witnessing buying interest in noon deals with the Nifty Bank index advancing as much as 377 points to trade above 31,000-mark for the first time since July 8.
Top gainers in the banking space:
- Yes Bank +7.75%
- RBL Bank +5.56%
- IndusInd Bank +4.83%
- ICICI Bank +3.23%
- Kotak Mahindra Bank +1.10%
Yes Bank Surges 9% As Trading Volumes Spike
Shares of the Mumbai-based private lender - Yes Bank - surged as much as 8.72 per cent to hit an intraday high of Rs 72.30 on the back of trading volumes.
As many as 2.21 crore Yes Bank shares changed hands on the BSE in the first half of trading session compared with an average of 2.89 crore shares traded daily in the past two weeks.
as of 12:46 pm, Yes Bank shares traded 7.74 per cent higher at Rs 71.65, outperforming the Sensex which was trading on a flat note.
FMCG Shares Worst Hit On NSE, Realty Shares Witness Buying Interest
Seven of 11 sector gauges compiled by National stock Exchange were trading higher led by the Nifty Realty index's over 2 per cent gain.
On the flipside, FMCG shares were worst hit in trade today with the Nifty FMCG index declining nearly 1 per cent.
Top gainers in realty space:
- DLF +7%
- Indiabulls Real Estate +4.63%
- Brigade Enterprises +4.15%
- Phoenix Mills +3.01%
- Sobha Developers +1.40%
Top losers in FMCG space:
- Hindustan Unilever -2.01%
- Tata Global Beverages -1.94%
- United Spirits -1.88%
- Godrej Consumer Products -1.85%
- ITC -1.34%
Sensex Falls Over 200 Points, Nifty Slips Below 11,950
The Sensex fell as much as 201.48 points to hit 40,452.26 on the downside, and the Nifty declined to as low as 11,948.50, down 63.55 points from the previous close. Losses in energy, consumer goods and pharma stocks outweighed gains in banking and auto shares.
The NSE's India VIX index - which measures the market's expectation of volatility in the near term - rose as much as 4.37 per cent.
Sensex Opens 23 Points Lower, Nifty Starts Day At 11,987
The Sensex opened 23.18 points lower at 40,630.56 and the Nifty started the session at 11,987.15, down 24.9 points from the previous close.
Sensex, Nifty Down In Pre-Open Market
The S&P BSE Sensex index fell as much as 50.87 points to 40,602.87 in the pre-opening session. At 9:07 am, the Sensex was down 23.18 points - or 0.06 per cent - at 40,630.56 while the Nifty was down 24.60 points - or 0.20 per cent - at 11,987.45.
On Thursday, the Sensex had ended 183.96 points - or 0.45 per cent - higher at 40,653.74 and the Nifty settled up 46.00 points (0.38 per cent) at 12,012.05.
Moody's Lowers India Outlook Citing Increasing Growth Risks
Moody's Investors Service on Thursday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past.
The outlook partly reflects government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden from already high levels, the ratings agency said.
Asian Share Markets Move Lower
Equities in other Asian markets moved lower with MSCI's broadest index of Asia Pacific shares outside Japan last seen trading down 0.27 per cent. Japan's Nikkei 225 index however was up 0.09 per cent at the time.
SGX Nifty Futures Indicate Lower Opening For Domestic Markets
Domestic stock markets are likely to open lower, a day after the S&P BSE Sensex clocked a record closing high. At 8:36 am, the Singapore Exchange (SGX) Nifty futures traded 64.00 points - or 0.53 per cent - lower at 11,994.50, after sliding to as low as 11,990.00 earlier in the session.
The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.