BSE Sensex today: The benchmark index fell as much as 576.08 points to hit its lowest level since March 5
Domestic stock markets suffered sharp losses on Thursday hurt by a broad-based selloff, amid cautious trade in Asian peers after the US central bank lowered interest rates as expected but offered mixed signals on further easing. The S&P BSE Sensex index fell as much as 576.08 points to touch 35,987.80 during the session, its lowest intraday level recorded since March 5. The broader NSE Nifty benchmark shed 170.4 points to touch 10,670.25 on the downside. A selloff across sectors - led by banking, information technology, metal and energy sharers - dragged the markets lower, with the Nifty Bank sectoral index dipping as much as 1.95 per cent.
Here are highlights of the movement in domestic share markets (Sensex and Nifty) on September 19:
Yes Bank, Tata Steel, Zee Entertainment Top Losers
Barring four scrips, all stocks on the Sensex benchmark ended lower, with Yes Bank, Tata Steel and IndusInd Bank being the worst hit - ending 15.52 per cent, 3.66 per cent and 3.59 per cent lower respectively.
Top Sensex Gainers/Losers
Top Nifty Gainers/Losers
Nifty Ends At 10,705, Lowest Closing Level Recorded In Seven Months
The Nifty index fell 135.85 points - or 1.25 per cent - to end at 10,704.80, its lowest closing level recorded since February 19. The Sensex benchmark shed 470.41 points - or 1.29 per cent - to settle at 36,093.47, its lowest since March 1.
Forty three stocks on the 50-scrip index closed lower, with Yes Bank, Zee Entertainment, Indiabulls Housing Finance, IndusInd Banka and Tata Steel ending between 3.55 per cent and 15.76 per cent lower.
Sensex Plunges Over 550 Points, Nifty Breaks Below 10,700
The S&P BSE Sensex index plummeted as much as 576.08 points to slide below the 36,000 mark for the first time since March 5. The benchmark index touched 35,987.80 at the day's lowest level in late-afternoon deals, as a selloff across sectors deepened. The broader NSE Nifty benchmark plunged as much as 170.4 points to log an intraday low of 10,670.25, its lowest intraday level recorded since August 23.
Yes Bank Share Price Slumps 10%
Yes Bank shares fell as much as 10.60 per cent to Rs 57.30 on the BSE with heavy volumes. As many as 1.05 crore Yes Bank shares changed hands on the BSE compared with an average of 1.29 crore in the past two weeks.
On the National Stock Exchange (NSE), the shares of the Mumbai-based private sector lender shares fell nearly 11 per cent to hit Rs 57.30 at the day's weakest level.
Banking, Metal, Media Stocks Worst Hit
All of the 11 sectoral indices on the National Stock Exchange (NSE) moved lower, with banking, metal and media gauges worst hit in percentage terms.
|Nifty PSU Banks||-1.76%|
|Nifty Private Banks||-1.67%|
|Nifty Financial Services||-0.95%|
|Nifty Fast-Moving Consumer Goods||-0.32%|Sensex Falls Over 400 Points, Nifty Near 10,725
At 12:32 pm, the Sensex traded down 400.92 points - or 1.10 per cent - at 36,162.96, while the Nifty was at 10,725.60, down 115.05 points - or 1.06 per cent - from the previous close.
Advance-decline Ratio Favours Declines
Market breadth was sharply negative, with an advance-decline ratio of about 1:3. On the National Stock Exchange (NSE), 422 stock straded higher while 1,239 moved lower. On the Bombay Stock Exchange (BSE), 619 stocks advanced while 1,418 declined.
At that time, 41 stocks on the 50-scrip index Nifty moved lower, while nine rose.
Yes Bank, IndusInd Bank, Zee Entertainment Top Losers
Sensex Top Gainers/Losers
Nifty Top Gainers/Laggards
|Yes Bank||-5.54%|Sensex, Nifty Fall Further As Selloff In Banking, Metal Sectors Deepens
At 10:13, the Sensex was down 267.35 points - or 0.73 per cent - at 36,296.53 while the Nifty was at 10,760.35, down 80.30 points - or 0.74 per cent - from its previous close. Top percentage losers on the 50-scrip index at the time were Yes Bank, Zee Entertainment, IndusInd bank, ICICI Bank, Tata Steel and Vedanta, trading between 2.04 per cent and 5.93 per cent lower.
ICICI Bank, TCS and Infosys were the top drags on the Sensex.
Rupee Opens Lower Against Dollar
The rupee opened lower at 71.34 against the US dollar on Thursday, compared to its previous close of 71.23. At 10:00 am, it was flat at 71.23 against the greenback.
At Wednesday's closing price, the rupee is down 2.09 per cent against the US currency so far this calendar year.
Sensex, Nifty Open Higher But Give In To Losses Soon
The S&P BSE Sensex index opened at 36,613.93, up 50.05 points from its previous close of 36,613.93. The broader NSE Nifty benchmark started the session at 10,845.20, up 4.55 points from the previous close.
Sensex, Nifty Rise In Pre-Opening Session
In the pre-opening session, the SGX BSE Sensex index was seen up as much as 348.58 points at 36,912.46. At 9:04 am, the Sensex was up 147.16 points - or 0.40 per cent - at 36,711.04 while the broader NSE Nifty benchmark was at 10,854.35, up 13.70 points - or 0.13 per cent - from its previous close.
Finance Minister Nirmala Sitharaman To Meet Chiefs Of State-Run Banks
Finance Minister Nirmala Sitharaman
will meet the chiefs of public sector banks today to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020.
The meeting will be held under the chairmanship of the Finance Minister along with banking secretary Rajeev Kumar.
Reserves To Be Closely Monitored, Says Jerome Powell
Federal Reserve Chairman Jerome Powell said the level of reserves in the system will be closely monitored to figure out whether that is the root issue, and the central bank will be "revisiting that question during the intermeeting period and certainly at our next meeting".
"It is certainly possible," he added, "that we will need to resume the organic growth of the balance sheet earlier than we thought."
US Central Bank Lowers Interest Rates As Expected, But Offers Mixed Signals On Future Action
The Federal Reserve lowered interest rates by a quarter of a percentage point for the second time this year on Wednesday, in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
Central banks around the world have been loosening policy to counter the risks of low inflation and recession. Easier monetary policy has generally supported equities.
Asian Markets Edge Higher, Tracking Mild Gains In US Equities Overnight
Equities in other Asian markets edged higher tracking some modest Wall Street gains overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.03 per cent. Japan's Nikkei rose 0.46 per cent and Australian shares climbed 0.23 per cent.
Overnight in the US, the Dow Jones Industrial Average ended 0.13 per cent higher, while the S&P 500 gained 0.03 per cent and the Nasdaq Composite dropped 0.11 per cent.
SGX Nifty Futures Down 0.10%, Indicate Lower Opening For Domestic Markets Today
Domestic stock markets are likely to start Thursday's session on a flat to lower note, amid mild gains in Asian peers after the US central bank lowered interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. At 8:24 am, the SGX Nifty futures trading on the Singapore Exchange were down 11.00 points - or 0.10 per cent - at 10,845.00.
The Singapore Exchange's Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty in India.