Sensex, Nifty off day’s low; Metal stocks surge

Equity benchmarks indices have bounced back from its day’s low points with Sensex trading 96 points down at 36,429 levels. 

Nifty was trading 42 points down at 10,965 levels. 

All sectoral indices, Nifty Metal was the best performing index, trading 2% up. On the flip side, Nifty auto index was trading 1% down. 

Market breadth was majorly positive on the NSE with 1,125 shares advancing, 582 points declining and 354 remaining unchanged.

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Indian rupee recovers over 40 paise from its all-time low; trades around 72.95/USD

Indian rupee has recovered over 40 paise from its all-time low of 73.41 per dollar touched in the early trade on Wednesday. 

It is trading lower by 5 paise around 72.96 per dollar.

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Asian shares ease, euro near 6-week lows on Italian woes; gold jumps

Japan's Nikkei eased 0.5 percent on a stronger yen. Australian shares gained 0.3 percent while New Zealand's benchmark index fell 0.2 percent. 

E-Minis for the S&P 500 were a shade softer as were Dow futures.

Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a collision course with the European Union.

China's financial markets are closed for the National Day holiday and will resume trade on October 8. The markets in the world's second biggest economy have taken a hammering this year as investors fretted the trade dispute could put a significant dent on growth.

That left MSCI's broadest index of Asia-Pacific shares outside Japan a shade weaker at 515.9 points.

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Sensex down 100 points; Axis Bank, Airtel stocks slip

Equity benchmark indices extended losses in the morning trade. 

Sensex was down 130 points at 36,097, while Nifty was lower by 71 points at 10,859. 

Infosys, ITC, and GAIL are among the top gainers and Kotak Mahindra Bank and J Kumar Infra have lost the most. 

Nifty Bank index has slipped nearly 1% led by IndusInd Bank and Axis Bank. Nifty Auto index, too, has slipped around 1% due to fall in TVS Motor.

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Stock market update: Over 360 stocks hit 52-week lows on NSE

Over 360 stocks, including YES Bank, Maruti Suzuki, Hero MotoCorp, Tata Motors and Punjab National Bank, hit 52-week lows on NSE in Friday's session.

Apollo Tyres, Vodafone Idea, IDFC, Jet Airways (India), Arvind, Bank of Baroda, BEML, Can Fin Homes, Ceat, Castrol India, Indiabulls Real Estate, Jain Irrigation, JK Tyre, NBCC (India), NCC, NHPC, NIIT, Oriental Bank of Commerce, Syndicate Bank, Tata Communications, UCO Bank and V-Guard Industries also featured among stocks that touched 52-week lows today.

Equity benchmarks Nifty and Sensex were swinging between gains and losses amid firm Asian cues.

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CLOSING BELL: Sensex sheds 218 pts, Nifty50 settles September F&O series at 10,978; smallcaps worst hit

CAPITAL BUILDER CLOSING BELL : 

NIFTY DOWN BY 76.25 @ 10977.55,

BANKNIFTY DOWN BY 334.15 @ 25042.15, 

SENSEX DOWN BY 218.10 @ 36324.17

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The Indian government on Wednesday hiked import duty on high-end consumer items

The Indian government on Wednesday hiked import duty on high-end consumer items including washing machines, air conditioner, footwear, diamonds, jet fuel as a part stabalise currency and to reduce current account deficit (CAD).

“The government has chosen consumer goods over capital ones, banking on the robust and resilient consumption growth over the past year. Given these are a small share of overall imports, the measures would help reduce imports by only USD 500 million (0.1% of total imports), which is quite small,”

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Asian markets mixed after Fed hike

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.05 per cent lower in early trade, while Japan's Nikkei fell 0.45 per cent. 

South Korea’s Kospi and Hong Kong’s Heng Seng were trading marginally higher; Shanghai Composite index declined 0.3 per cent in early trade.

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Closing Bell: Sensex ends over 100 pts lower, Nifty holds 11,050; IT, FMCG take a big hit

At the close of market hours, the Sensex closed 109.79 points or 0.30% lower at 36542.27, while the Nifty was down 13.70 points or 0.12% at 11053.80. 

Market at Close After a day of relief rally on Tuesday (September 25, 2018), equity benchmarks have closed on a lower note on Wednesday. 

However, the key, psychological mark of 11,000 has been held by the Nifty. Investors could also be cautious ahead of US Federal Reserve’s decision on interest rates, which will be declared later in the day.

There was major selling seen among information technology names. The likes of TCS, Infosys and Wipro, among others dragged the index lower and managed to weigh on frontline indices as well. Automobiles, consumer and PSU banks were the other big losers. The Nifty Midcap index closed with marginal gains.

The market breadth is negative as 1,266 shares advanced, against a decline of 1,330 shares, while 197 shares were unchanged.

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Stocks in the news: Yes Bank, Glenmark, Adani Green, Bank of Baroda, Ulfex, Avenue Supermarts

Yes Bank | Glenmark Pharma | Adani Green | Bank of Baroda | Ulfex and Avenue Supermarts are stocks, which are in news today.

Here are the stocks that are in news today:

Bank of Baroda: Moody's affirms bank's ratings, outlook stable.

DLF reappoints KP Singh as chairman for 5 years w.e.f. october 1, 2018

Yes Bank Bank forms search & selection committee to identify new MD & CEO
Search & selection comprises of 3 existing board members and 2 external experts

To ask RBI to give Rana Kapoor time beyond Jan 31, 2019 as MD & CEO

IL&FS Transportation - Brickworks revised rating on NCD worth Rs 3,550 cr to BWR C(SO) from BWR BB-(SO)

Godrej Properties adds new residential project in Ghodbunder Road, Thane

NHPC: Unit 2 of Parbati-II HE Project (4 x 200 MW) in Himachal Pradesh has been successfully synchronised with the grid at 10-11 MW load. Further, the Load throw off test on Unit 2 has been carried out successfully at 25 percent load (50MW) and at 100MW (50 percent load).

Piramal Enterprises approved issue of compulsorily convertible debentures worth Rs 81 crore

Adani Green Energy has won tender for setting up 300 MW Wind generation project

Glenmark Pharma: Board meeting will be held on September 28 to consider opportunistic tenders or buybacks of any part of its Singapore listed foreign currency convertible bonds, being, its $200 million 2 percent resettable onward starting equity linked securities due June 28, 2022 issued in 2016 (FCC Bonds) and / or, its $200 million 4.5 percent senior notes due 2021 issued in 2016 (FCY Bonds).

Blue Dart Express: Company expands reach in order to deliver to every Indian Home by December 2018.

Central Bank of India's board meeting on September 28 to consider additional equity capital upto Rs 2,354 crore via pref equity issue to GoI

Minda Industries: Uno Minda appointed Sunil Bohra as Group Chief Financial Officer on retirement of Sudhir Jain.

Mahindra CIE approved scheme of merger between Bill Forge (Subsidiary) and Mahindra CIE

Cosmo Films: Company announced installation of a new solvent less lamination machine at its Karjan plant, Vadodara.

Sumeet Industries: Brickwork Rating India has revised rating of bank loan facilities of the company.

Uflex: FlexFilms forays into online space with the launch of its E-Commerce website FLEX-BuzzR to market its entire range of films in European region.

Majesco: Company appointed Adam Elster as Chief Executive Officer, effective October 1, 2018. Ketan Mehta, Majesco Co-Founder and current CEO, has decided to retire from the operational role after 36 years of service and will continue to serve Majesco as the Chairman of the company’s board of directors.

Avenue Supermarts: Company has issued Commercial Paper of Rs 65 crore; CRISIL has upgraded its rating on the long term bank facilities and non-convertible debentures of the company from AA/Positive to AA+/Stable.

Kallam Textiles: Board to consider Right Issue on September 29.

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Asian shares hover below 3-week high as Fed rate hike looms

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for a holiday. It stayed below a three-week high hit on Friday.

Asian shares barely budged on Wednesday, lacking traction as US bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.

The benchmark 10-year Treasury yield rose to as high as 3.113 percent, near its seven-year peak of 3.128 percent touched on May 18.

The euro traded at $1.1765, not far from three-month high of $1.18155 touched on Monday.

Oil prices slipped following data showing US crude stocks rose unexpectedly last week and renewed call from Trump on OPEC to boost crude output.

Still they were supported on the whole on concerns of tight supply on US sanctions on Iran's oil exports.

Benchmark Brent futures hit USD 82.55 per barrel, its highest since Nov. 10, 2014, on Tuesday and last stood at USD 81.41, down 0.55 percent on the day.

US crude futures shed 0.6 percent to USD 71.87 per barrel after hitting an 11-week high of USD 72.78 the previous day.

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S&P 500 dips as chip stocks and utilities tumble

The Dow Jones Industrial Average fell 0.26 percent to end at 26,492.21 points, and the S&P 500 lost 0.13 percent to 2,915.56.

The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.

The S&P 500 energy index added 0.57 percent as Brent oil hit a four-year high, boosted by imminent US sanctions on Iranian exports, and OPEC and Russia's reluctance to raise output.

The Nasdaq Composite rose 0.18 percent to 8,007.47. Amazon.com Inc provided the greatest lift to the technology-heavy index, jumping 2.08 percent.

The S&P 500 posted 31 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 65 new highs and 54 new lows.

Volume on US exchanges was 6.6 billion shares, just below the 6.7 billion average over the last 20 trading days.

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D-Street turns negative; Sensex down 100 pts, Nifty around 10,900; Yes Bank hits 52-week low

Buying counters are now buzzing in the financials space, with the Bank Nifty trading over one-third of a percent higher. 

Automobiles, pharmaceuticals and IT sectors are trading higher as well.

Market Update: Benchmark indices erased all its gains and trading flat in the afternoon trade.

The Sensex is up 40.66 points at 36345.68, while Nifty is down 9.80 points at 10957.60. 

About 867 shares have advanced, 1568 shares declined, and 139 shares are unchanged.

Private banking major Yes Bank slipped below Rs 200 mark, touched 52-week low of Rs 198.65

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Indian rupee opens lower by 26 paise at 72.89 per dollar

Today, USD-INR pair is expected to quote in the range of 72.50 and 73.20

The Indian rupee slipped in the early trade on Tuesday. 

It opened lower by 26 paise at 72.89 per dollar versus previous close 72.63.

Concerns about production shortfalls are encouraging traders to remain long on the commodity. On the other hand, strength in the dollar against its major crosses also weighed on the rupee.

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Asian stocks pressured as US-China trade fight revives growth fears; oil elevated

Australian stocks lost 0.08 percent and Japan's Nikkei bucked the trend and edged up 0.2 percent.

Asia stocks struggled on Tuesday as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent.

The dollar index against a basket of six major currencies .DXY edged up 0.05 percent to 94.229.

The Australian dollar, a proxy of China-related trades and a gauge of broad risk appetite, was effectively flat at USD 0.7252 after shedding 0.5 percent on Monday.

Brent crude oil futures LCOc1 nudged up 0.1 percent to USD 81.28 a barrel after surging more than 3 percent overnight to USD 81.48, highest since November 2014.

Oil prices had rallied after OPEC leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.

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Market stay in red, Nifty nears 11,000. Five reasons why stocks are taking a hit

Liquidity crunch fears, Consistent selling by FIIs, rupee volatility, rising crude oil prices and trade war tensions weighed on sentiment.
The market continued to reel under selling pressure on Monday. Liquidity crunch fears, consistent selling by FIIs, rupee volatility, rising crude oil prices and trade war tensions weighed on sentiment.

The Nifty has fallen below 11,100 but has been trying hard to defend the psychological 11,000-mark, falling 60 points to 11,083. The 30-share BSE Sensex fell 179.74 points to 36,661.86 in the morning trade.

Here are five factors that are dragging the market:

NBFC Debt Crisis

Nifty Financial Service index fell 2 percent which indicated that fears of liquidity crunch have not abated yet.

Stocks like Indiabulls Housing Finance, Bajaj Finance, M&M Financial, etc. fell 3.5-6 percent. In addition, the country's largest housing company HDFC itself lost 4 percent, though DHFL recovered recovered some Friday's losses to trade 13 percent higher at the time of writing this article. On Friday, DHFL lost 42 percent.

Crude Oil Prices

Crude oil prices increased sharply as US markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran with will be effective from November. In addition, the expectations of major traders and banks that prices could rise over $90 per barrel in coming months also supported.

Brent crude futures were at $79.92 per barrel, up by 1.45 percent from their last close and US West Texas Intermediate (WTI) crude futures rose by 1.31 percent to $71.71 a barrel

Trade War Fear

The US-China trade war continues to be in focus as both countries imposed fresh tariffs on each other's goods today.

World’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets.

FPIs turn net sellers in September

Overseas investors have pulled out a massive Rs 15,365 crore ($2.1 billion) from the capital markets in September so far, after putting in funds during the previous two months, on widening current account deficit coupled with global trade tensions.

Technical Factors

The Nifty50 slipped below its crucial support placed at 11,100 levels in the first 60 minutes of trade on Monday. After Friday’s carnage, most analysts suggest that we might be in for some more volatility ahead of F&O expiry.

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Closing Bell: Sensex ends volatile trade 279 pts lower, Nifty below 11,150; DHFL closes 45% lower

At the close of market hours, the Sensex closed down 279.62 points or 0.75% at 36841.60, while the Nifty ended lower by 91.30 points or 0.81% at 11143.10

Market at Close A largely volatile day has come to a close and indices have ended on a negative note. But they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower.


The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street.

The Sensex had risen 300 points in intraday trade. But a sharp selloff in the afternoon, led by a 50 percent crash in Dewan Housing Finance’s shares as well as on Indiabulls Housing weighed big on the market. The Sensex fell 1,000 points, while the Nifty had managed to breach 11,000-mark as well.

At the close of market hours, the Sensex closed down 279.62 points or 0.75% at 36841.60, while the Nifty ended lower by 91.30 points or 0.81% at 11143.10. The market breadth is negative as 596 shares advanced, against a decline of 2,071 shares, while 155 shares were unchanged.

Shares of DHFL ended 45 percent lower, while top losers include Yes Bank, Kotak Mahindra Bank, and Indiabulls Housing Finance, while the gainers include ONGC, Wipro, Bharti Infratel and BPCL.

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Sensex jumps over 300 pts: Five key factors driving the market rally

Sensex jumps over 300 pts: Five key factors driving the market rally

1. Rupee takes on more strength 

The rupee remained on the upswing. It firmed another 53 paise to trade at over a two-week high of 71.84 against the US dollar this morning. Increased selling of the American currency by exporters and banks accelerated the climb.

2. India on track to $5 trillion economy: PM
 
Prime Minister Narendra Modi has said his government will continue to take tough decisions and expressed hope that the size of the Indian economy will double to USD 5 trillion in the next 5-7 years.

3. Global leads shine 
 
Asian stocks scooped up gains on Friday after Wall Street’s S&P 500 set a new all-time high. There is a realisation that Beijing’s and Washington’s fresh exchange of tariffs may be less damaging than initially feared.

4. Crude prices fall further 
 
Oil prices eased on Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend.

5. Govt hikes small savings rate 
 
In a bonanza for small savers, the government has increased interest rates on schemes such as the National Savings Certificate and the Public Provident Fund by up to 40 basis points for the October-December quarter.

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Stocks in the news Today

ICICI Bank: Committee of Executive Directors constituted by the board of the bank is scheduled to have a meeting on September 24 to consider offshore fund raising in single/multiple tranches in any currency through public/private placement by way of issuances of debt instruments, certificate of deposits etc. for the remaining period of financial year 2018-19.
Yes Bank: Reserve Bank of India has intimated that Shri Rana Kapoor may continue as the MD & CEO till January 31, 2019, and the board of directors of the bank are scheduled to meet on September 25 to decide on the future course of action.
Moody's affirms Yes Bank's ratings with Baa3; outlook stable


Stata Bank of India: The bank concluded the issuance of $650 Mio Green Senior Unsecured Fixed Rate Notes under $10 billion MTN programme.

Fitch affirms Tata Motors at BB+; revises outlook to negative

Infosys launches Wingspan, a transformational learning solution for enterprises

ITC acquired Park Hyatt Goa Resort and Spa

Asian Paints - the commercial production of paints and intermediaries has successfully commenced at the Mysuru plant, Karnataka

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Industrials lead Dow to record high; tech boosts S&P, Nasdaq

The Dow Jones Industrial Average rose 251.22 points, or 0.95 percent, to 26,656.98, the S&P 500 gained 22.8 points, or 0.78 percent, to 2,930.75 and the Nasdaq Composite added 78.19 points, or 0.98 percent, to 8,028.23.

All three major US indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.

Microsoft Corp and Apple Inc rose 1.7 percent and 0.8 percent, respectively. The companies headed up the tech sector's 1.2 percent gain.

The market took the ongoing trade dispute in stride, and was further boosted as the dollar index fell to its lowest in more than ten weeks. A weaker dollar supports US exports.

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