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Sensex Today: Sensex ends 623 points lower, Nifty at 10,925; Auto stocks decline

Aug 13, 2019, Updated Aug 13, 2019, 4:05 PM IST

Sensex Today: Benchmark Indices traded broadly lower by the last hour of trading session on Tuesday, on back of weak domestic and global cues. Currently Sensex trades 623 points lower at 36,958 and Nifty50 trades 183 points lower at 10,925 mark.

 

9:57 AM (2 years ago)

Global Update

Posted by :- Rupa Roy


Asian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the Japanese yen.

The selling in regional markets came as Wall Street stocks took a beating on Monday, with the S&P 500 losing 1.23%.

European shares fell on Monday, with banks leading the decline, as worries that the protracted U.S.-China trade war could push the global economy into recession sent investors scurrying to safer assets.

 
9:59 AM (2 years ago)

RIL rises over 9%

Posted by :- Rupa Roy
Following the annual general meeting presented by co chairman Mukesh Ambani, the share of the Reliance Industries have reacted positively in today's trade. Reliance Industries shares spike 6.1% in pre-open trade and by the opening bell, the stock started the day's tarded at 6% and later rose over 9% by the first hour of trade on BSE.

 
10:05 AM (2 years ago)

Last Closing

Posted by :- Rupa Roy
Sensex Today: Benchmark Indices closed broadly on a bullish note on back of positive global cues coupled with reports suggesting that Indian govt is likely to exempt foreign portfolio investors from an increase in taxes. Sensex on Friday ended 254 points higher at 37,581 level and Nifty ended at 11,109, registering a rise of 77 points

Sensex Today: Sensex ends 254 points higher, Nifty at 11,109; Auto stocks rise
10:13 AM (2 years ago)

Jet Airways falls nearly 5%

Posted by :- Rupa Roy

Over hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline, creditors went through th eEOI process again after which two potential investors said they were no longer interested in putting money into the business.


A day after showing intent to invest in troubled Jet Airways, Anil Agarwal-led Volcan Investments has withdrawn all efforts in the matter. In a statement released on Monday, the investment company said that it took the decision to back away from Jet based on its evaluations and other priorities.

Abu Dhabi's Etihad Airways too, said on Monday it will not express interest in reinvesting in India's bankrupt Jet Airways because of unresolved issues concerning the Indian airline's liabilities.

Following these media reports, Jet Airways shares fell 4.9% in opening trade to Rs 44.55 and since has hit th elower circut for the day with no bidders and only offers open.

 
10:27 AM (2 years ago)

Investors' sentiments down, experts advise buy on dips

Posted by :- Rupa Roy
Asian markets like Nikkei and Hong Kong Index declined over 1% each concern of jitters over Hong Kong protests.

U.S. stocks dropped 1.5% in a broad sell-off as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.

Investor sentiments globally are already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war.

This uncertainity was coupled with on going protests in Hong Kong that begun in opposition to a bill allowing extraditions to mainland China.


In local ground, tensions have skyrocketed in Kashmir, amid total lock down after the decision that scrapped the Himalayan region’s special rights an dturned J&k and Ladakh into UTs. Moreover, with the upcoming Independence Day, high security measures are being put in place in multiple cities as Indian Security agencies on Sunday sent the Delhi Police an alert regarding terrorist organisations planning to carry out terror operation across the nation and near the Red Fort.

 
11:52 AM (2 years ago)

Rupee weakens

Posted by :- Rupa Roy
Rupee traded at 71.08 against the dollar from its last close 70.81on Tuesday amid strengthening of the American currency and weak opening in domestic equities.

Today the Indian rupee opened at 6-month low,  and weakened past 71 later against the US Dollar.

Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy.

The Indian rupee on Friday had closed at 70.78 against the US dollar.

 
12:41 PM (2 years ago)

FII/DII

Posted by :- Rupa Roy
 Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital markets, putting in Rs 203.73 crore on Friday, according to provisional exchange data.

 
1:38 PM (2 years ago)

European market opens lower

Posted by :- Rupa Roy
European market again opened in the red amid global political uncertainty, CAC index was trading down by 14 points, DAX index fallen by 38 points, while FTSE was trading down by 13 points.

 
1:41 PM (2 years ago)

Dilip Biulcon recieves LOA

Posted by :- Rupa Roy
Dilip Buildcon announced today to the exchanges that it has recieved  letter of acceptance (LOA) from the Water Resources Deparbnent Govemment of Jharkhand.

"Construction of Kharkai Dam at Icha with all control gates and its allied works including civil, Mechanical (with Design of Gates), Electrical and SCADA System under SMP in the state of Jharkhand" the regulatory fling said.

The project worth the cost amounting 972.28 cr has a completion duration of 36 months.

 
1:43 PM (2 years ago)

Pidlite enters JV with Empresarial Grupo Puma

Posted by :- Rupa Roy
Pidilite Industries Ltd has entered into a joint venture with Corporacion Empresarial Grupo Puma S.L. (Grupo Puma) a leading technical mortars manufacturer based in Spain to establish a Joint Venture Company (JVC) in India.

The joint venture will provide a comprehensive array of technical mortars for wide applications ranging from flooring, wall plasters, textured wall plasters, decorative plasters and insulation. Grupo Puma will license the technology to the JVC which will invest in a modern manufacturing facility in India. The entity will service the key markets of SAARC (excluding Pakistan) and Myanmaar.
1:45 PM (2 years ago)

Symphony launches new range of Commercial Air Coolers

Posted by :- Rupa Roy
Symphony announced today that it has launched a unique new range of Commercial Air Coolers, under the brand ’Movicool’. After conducting initial field trials last summer we are now ready for national launch of this range. Commercial coolers are essentially portable coolers which can cool very large spaces.
1:47 PM (2 years ago)

Maruti Suzuki's new True Value now 250 outlets strong in two years

Posted by :- Rupa Roy
 

Maruti Suzuki's new True Value has rapidly expanded to over 250 digitally integrated independent showrooms in 151 cities, company sadi in a regulatory filing. "In the last two years, True Value has sold over 8 lakh units with Alto, WagonR and Swift being the most popular models. The True Value buyers are mostly in the age group 25-45 years," the filing added.
1:51 PM (2 years ago)

Oil prices rise

Posted by :- Rupa Roy


Crude oil prices rose by Rs 3 to Rs 3,909 per barrel in futures market on Tuesday as speculators created fresh positions, taking positive cues from physical spot markets.

On the Multi Commodity Exchange, crude for delivery in August was trading higher by Rs 3, or 0.08 per cent, at Rs 3,909 per barrel in a business turnover of 23,819 lots.

Analysts said speculative positions created by traders led to the rise in oil prices.
1:53 PM (2 years ago)

Minda corp signs TAA with Infac Elecs

Posted by :- Rupa Roy
Minda Corp the flagship company of Spark Minda Group, announced the signing of Technical Assistance Agreement (TAA) with Infac Elecs co. of South Korea to manufacture Automotive Antenna Systems.
2:52 PM (2 years ago)

Bharat Forge net profit declines 28pc

Posted by :- Rupa Roy

Auto components major Bharat Forge on Tuesday posted a 28 per cent decline in its consolidated net profit at Rs 171.92 crore for the first quarter ended June 30, 2019, on account of lower income.

The company had reported a net profit of Rs 238.74 crore in the same period of the previous fiscal.

Total income during the quarter under review stood at Rs 2,372.79 crore, down 3.31 per cent as against Rs 2,454.07 crore in the corresponding period a year ago period, Bharat Forge said in a BSE filing.
3:35 PM (2 years ago)

Bosch reports 35% decline in profit

Posted by :- Rupa Roy
Auto component major Bosch on Tuesday reported 35.04 per cent decline in its consolidated net profit at Rs 279.95 crore for the first quarter ended June 30, 2019, hit by slowdown in the domestic automobile industry.

The company, which had posted a net profit of Rs 430.98 crore for the same period of previous fiscal, said it has initiated several measures including "manpower adjustments" to remain competitive in the market.

During the period under review, the company's revenue from operations declined to Rs 2,778.82 crore for the April-June quarter from Rs 3,212.15 crore in the year-ago period, Bosch said in a regulatory filing.

The Bengaluru-based firm said the Indian automotive market is undergoing major changes as a result of various economic, regulatory, technological and market factors, including opportunities arising in electric mobility segment.

4:02 PM (2 years ago)

Sensex falls over 600 points

Posted by :- Rupa Roy


Sensex Today: Benchmark Indices traded broadly lower by the last hour of trading session on Tuesday, on back of weak domestic and global cues. Currently Sensex trades 623 points lower at 36,958 and Nifty50 trades 183 points lower at 10,925 mark.
4:05 PM (2 years ago)

Closing bell

Posted by :- Rupa Roy
Sensex Today: Benchmark Indices Sensex and Nifty pared all initial gains and traded broadly lower by the last hour of trading session on Tuesday, on back of weak domestic and global cues. On Tuesday Sensex ended 623 points lower at 36,958 and Nifty50 closed  183 points lower at 10,925 mark.
9:56 AM (2 years ago)

Market Update

Posted by :- Rupa Roy

Sensex Today: Benchmark Indices trade broadly lower on Tuesday, on baclk of weak domestic and global cues. While the Indian govt didnt back out its decision of higher surcharge to FPI investors, stocks globally were down amid feared chances of economic recession betting stake with the on-going trade war.


By the opening session Tuesday, Sensex had risen over 150 points to 37,755.16 level against the previous close of 37,581.91 and Nifty traded at 11,177. Although market pared all initial gains to trade with major losses within the first hours of trading session.

Sensex on Friday ended 254 points higher at 37,581 level and Nifty ended at 11,109, registering a rise of 77 points.