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Market Highlights: Sensex ends 191 points lower, Nifty below 11,788; DHFL top loser with 11% decline

BusinessToday.In | July 02,2019 08:43 IST

Market Highlights : Indian equities today ended trade by a major fall of almost 0.50% in both the key indices, backed by selling interest in domestic equities and weak global equities as investors turned cautious ahead of G20 Summit over the weekend.

 The market today erased morning to end the week lower with S&P BSE Sensex closing at 39586.41 down by 191 points or by 0.48 % and NSE Nifty closing at 11788 down by 52 points or by 0.45 % respectively.

 

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KEY UPDATES

  • Sensex Today: Equity market is expected to open flat today, backed up by weak asian equties amid highly anticipated G20 Summit in Japan.
  • Jun 28, 2019 15:55 (IST)

    Closing Bell


    Indian equities today ended trade by a major fall of almost 0.50% in both the key indices, backed by selling interest in domestic equities and weak global equities as investors turned cautious ahead of G20 Summit over the weekend.

    The market today erased morning to end the week lower with S&P BSE Sensex closing at 39586.41 down by 191 points or by 0.48 % and NSE Nifty closing at 11788 down by 52 points or by 0.45 % respectively.

    Sectorally, only FMCG, PSU Bank, Consumption and Realty stocks ended with gains. Most fall were registered in Metal, Pvt Bank, Auto and Media equities today.

    • 15:55 IST:
    Indian equities today ended trade by a major fall of almost 0.50% in both the key indices, backed by selling interest in domestic equities and weak global equities as investors turned cautious ahead of G20 Summit over the weekend.

    The market today erased morning to end the week lower with S&P BSE Sensex closing at 39586.41 down by 191 points or by 0.48 % and NSE Nifty closing at 11788 down by 52 points or by 0.45 % respectively.

    Sectorally, only FMCG, PSU Bank, Consumption and Realty stocks ended with gains. Most fall were registered in Metal, Pvt Bank, Auto and Media equities today.

  • Jun 28, 2019 15:25 (IST)

    JM Financial releases 80 lakh pledged shares of Sun Pharma



    Sun Pharmaceutical Industries Limited, on its regulatory filing has disclosed that JM Financial Products Limited has released pledged shares, amounting to 82 lakh equity shares on June 25, 2019, in respect of security cover for loan availed by the company, upon payment of loan against shares.

    • 15:25 IST:

    Sun Pharmaceutical Industries Limited, on its regulatory filing has disclosed that JM Financial Products Limited has released pledged shares, amounting to 82 lakh equity shares on June 25, 2019, in respect of security cover for loan availed by the company, upon payment of loan against shares.

  • Jun 28, 2019 15:18 (IST)

    Hulst B.V. acquires 34.40% stake in NIIT Technologies




    As per NIIT Technologies' regulatory filing, Hulst B.V. (Netherlands) has acquired 280,834 equity shares with face value of Rs 10 each of NIIT Technologies Limited through Opem Market Purchase on June 27, 2019.


    After the purchase, the acquirer holds 34.40% aggregating to a total of 21,253,512 shares in the company.


    • 15:18 IST:


    As per NIIT Technologies' regulatory filing, Hulst B.V. (Netherlands) has acquired 280,834 equity shares with face value of Rs 10 each of NIIT Technologies Limited through Opem Market Purchase on June 27, 2019.


    After the purchase, the acquirer holds 34.40% aggregating to a total of 21,253,512 shares in the company.


  • Jun 28, 2019 14:27 (IST)

    Reliance Power's encumbered shares invoked by lender YES BANK



    Reliance Power announced in a regulatory filing that the company promoters created a fresh pledge on June 24 of 4.46% stake with Yes bank as security for Term Loan Facility availed by Reliance Infrastructure Limited

    Anil Ambani and promoter group have lost 3.21% in Reliance Power after invocation of pledged shares.

    • 14:27 IST:

    Reliance Power announced in a regulatory filing that the company promoters created a fresh pledge on June 24 of 4.46% stake with Yes bank as security for Term Loan Facility availed by Reliance Infrastructure Limited

    Anil Ambani and promoter group have lost 3.21% in Reliance Power after invocation of pledged shares.

  • Jun 28, 2019 14:23 (IST)

    Airtel Africa opens at 77 pence on LSE debut vs IPO price of 80 pence




    On its listing day, Airtel Africa stock opened at 77 pence on the London Stock Exchange today, against the listing price of the IPO at 80 pence/share.

    After the tepid opening 3.75% against the listing price, also the day's high of the stock, Airtel Africa stock made a downward sloping graph for the day on LSE.

    Later, the stock price fell 14.88% (against listing price of 80) to day's low of 68.09 pence, at a volume of 23.13 lakh traded shares on LSE platform.

    • 14:23 IST:


    On its listing day, Airtel Africa stock opened at 77 pence on the London Stock Exchange today, against the listing price of the IPO at 80 pence/share.

    After the tepid opening 3.75% against the listing price, also the day's high of the stock, Airtel Africa stock made a downward sloping graph for the day on LSE.

    Later, the stock price fell 14.88% (against listing price of 80) to day's low of 68.09 pence, at a volume of 23.13 lakh traded shares on LSE platform.

  • Jun 28, 2019 13:52 (IST)

    FinMin to launch ETF

    The government is planning to launch an exchange-traded fund (ETF) consisting of stocks of PSU banks, insurers, and financial institutions this fiscal and has invited bids from advisors to explore its feasibility.


    "Keeping in view the encouraging response and demand for such product, the Government proposes to create and launch a new ETF in addition to the existing two ETFs, comprising stocks of listed PSBs, PSICs and PSFls," DIPAM said while inviting bids from advisors by July 26.

    Read more: FinMin to launch ETF with bank stocks, financial institutions this fiscal

    • 13:52 IST: The government is planning to launch an exchange-traded fund (ETF) consisting of stocks of PSU banks, insurers, and financial institutions this fiscal and has invited bids from advisors to explore its feasibility.

    "Keeping in view the encouraging response and demand for such product, the Government proposes to create and launch a new ETF in addition to the existing two ETFs, comprising stocks of listed PSBs, PSICs and PSFls," DIPAM said while inviting bids from advisors by July 26.

    Read more: FinMin to launch ETF with bank stocks, financial institutions this fiscal

  • Jun 28, 2019 13:33 (IST)

    Rupee extends gains



    Rupee gained further ground and currently trades at 68.92, appreciated by 14 paise or 0.2% gain against the dollar.

    • 13:33 IST:

    Rupee gained further ground and currently trades at 68.92, appreciated by 14 paise or 0.2% gain against the dollar.

  • Jun 28, 2019 13:28 (IST)

    Reliance Capital falls over 6%

    Reliance Capital fell nearly 7% on media reports that the company is likely to defer Q4 earnings announcement, which was scheduled to be announced today.The stock fell from Rs 3.75 the previous close, to Rs 4.07 on BSE and currently trades at Rs 4.18, at a loss of 4.35%.

    • 13:28 IST: Reliance Capital fell nearly 7% on media reports that the company is likely to defer Q4 earnings announcement, which was scheduled to be announced today.The stock fell from Rs 3.75 the previous close, to Rs 4.07 on BSE and currently trades at Rs 4.18, at a loss of 4.35%.

  • Jun 28, 2019 12:48 (IST)

    Govt. may set aside Rs 35-40K cr for PSU banks in Budget 2019

    As per media sources, there is likely to be a bank recap package of Rs 40,000 crore in the forthcoming Budget allocation, government sources suggested. Earlier in February, 2019, the government had infused Rs 48,239 crore in 12 PSU lenders.

    • 12:48 IST: As per media sources, there is likely to be a bank recap package of Rs 40,000 crore in the forthcoming Budget allocation, government sources suggested. Earlier in February, 2019, the government had infused Rs 48,239 crore in 12 PSU lenders.

  • Jun 28, 2019 11:34 (IST)

    Market pares gain to trade lower



    Sensex Today LIVE: Equity market after opening positive, pared initial gains to trade in the negative territory on Friday, backed by weak Asian peers, amid highly anticipated G20 Summit in Japan.

    Sensex is trading at 39,475, with a loss of 93 points , while the NSE Nifty50 is trading at 11,812, at a loss of 29 points.

    • 11:34 IST:


    Sensex Today LIVE: Equity market after opening positive, pared initial gains to trade in the negative territory on Friday, backed by weak Asian peers, amid highly anticipated G20 Summit in Japan.

    Sensex is trading at 39,475, with a loss of 93 points , while the NSE Nifty50 is trading at 11,812, at a loss of 29 points.

  • Jun 28, 2019 11:25 (IST)

    Eros International hits fresh 52-week low

    The share price of Eros International Media, one of India's largest listed moviemakers and entertainment company, has plummeted massively on the bourses this month. Eros International Media share price has been losing for the 18 days and fallen 72.74% during the period. Eros International Media share price has been falling continuously since June 4.

    Eros International Media stock was stuck at the lower circuit and fresh 52-week low of 5% at 18.10 level on BSE today. There were no buyers but only sellers in the stock.

    Also Read: Why Eros International Media share price has been falling for 18 days

    • Load More

    11:25 IST:

    The share price of Eros International Media, one of India's largest listed moviemakers and entertainment company, has plummeted massively on the bourses this month. Eros International Media share price has been losing for the 18 days and fallen 72.74% during the period. Eros International Media share price has been falling continuously since June 4.

    Eros International Media stock was stuck at the lower circuit and fresh 52-week low of 5% at 18.10 level on BSE today. There were no buyers but only sellers in the stock.

    Also Read: Why Eros International Media share price has been falling for 18 days

  • Jun 28, 2019 11:11 (IST)

    Rupee appriciates against the falling dollar

    The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices.

    The rupee opened strong at 69 at the interbank forex market then gained further ground to touch 68.92 per dollar, displaying gains of 15 paise against the greenback.

    Rupee is trading in a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, say experts.

    On Tuesday, the rupee had settled at 69.07 against the US dollar.

    Read more: Rupee rises 15 paise to 68.92 vs US dollar in early trade

    • 11:11 IST:
    The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices.

    The rupee opened strong at 69 at the interbank forex market then gained further ground to touch 68.92 per dollar, displaying gains of 15 paise against the greenback.

    Rupee is trading in a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, say experts.

    On Tuesday, the rupee had settled at 69.07 against the US dollar.

    Read more: Rupee rises 15 paise to 68.92 vs US dollar in early trade

  • Jun 28, 2019 10:40 (IST)

    Cox & Kings hits lower circuit for 2nd day



    Share price of Cox & Kings hit lower circuit for 2nd day and currently the share is trading 10% down at Rs 36.45

    Cox and Kings released regulatory filing on Thursday after market hours to both the exchange platforms, disclosing that it has defaulted payment towards maturity of Commercial Papers on June 26, for an aggregate amount of Rs 200 crores, of which only Rs 50 crores has been paid and the balance amount of Rs 150 crores has not been paid.

    Cox and Kings further stated that, "Company has been meeting its liability obligations. However, due to cash flow mis-match and a situation exacerbated by rating downgrade, the Company proposes to meet its financial obligations through a combination of internal accruals and monetisation of assets. The Company is working towards plans to make good its obligations."

    The stock opened at a loss of 10% & hit a new 52 week and all time low of Rs 36.45

    • 10:40 IST:

    Share price of Cox & Kings hit lower circuit for 2nd day and currently the share is trading 10% down at Rs 36.45

    Cox and Kings released regulatory filing on Thursday after market hours to both the exchange platforms, disclosing that it has defaulted payment towards maturity of Commercial Papers on June 26, for an aggregate amount of Rs 200 crores, of which only Rs 50 crores has been paid and the balance amount of Rs 150 crores has not been paid.

    Cox and Kings further stated that, "Company has been meeting its liability obligations. However, due to cash flow mis-match and a situation exacerbated by rating downgrade, the Company proposes to meet its financial obligations through a combination of internal accruals and monetisation of assets. The Company is working towards plans to make good its obligations."

    The stock opened at a loss of 10% & hit a new 52 week and all time low of Rs 36.45

  • Jun 28, 2019 10:26 (IST)

    DHFL defers Q4 results, shares down over 5.8%


    As per media reports, DHFL has deferred Q4 earnings announcement date, which was earlier scheduled to be announced on June 29.


    DHFL has been facing liquidity crisis and has recently defaulted on its repayment obligations and resorted to selling stake in subsidiary firms to meet its debt obligations.

    Following the news, the stock price of DHFL fell down 7.22% to Rs 75.80, against the previous close of Rs 81.70.

    The stock price is trading lower than  5, 20, 50, 100 and 200-day moving average.

    • 10:26 IST:
    As per media reports, DHFL has deferred Q4 earnings announcement date, which was earlier scheduled to be announced on June 29.

    DHFL has been facing liquidity crisis and has recently defaulted on its repayment obligations and resorted to selling stake in subsidiary firms to meet its debt obligations.

    Following the news, the stock price of DHFL fell down 7.22% to Rs 75.80, against the previous close of Rs 81.70.

    The stock price is trading lower than  5, 20, 50, 100 and 200-day moving average.

  • Jun 28, 2019 10:19 (IST)

    SEBI tightens pledged shares norms

    Securities and Exchange Board of India (SEBI) has tightened the rules for disclosure of pledged shares by promoters.

    Promoters will now have to disclose separate reasons for encumbrance, whenever combined encumbrance along with persons acting in concert crosses 20% of the company’s share capital, Sebi said.

    • 10:19 IST: Securities and Exchange Board of India (SEBI) has tightened the rules for disclosure of pledged shares by promoters.

    Promoters will now have to disclose separate reasons for encumbrance, whenever combined encumbrance along with persons acting in concert crosses 20% of the company’s share capital, Sebi said.

  • Jun 28, 2019 10:06 (IST)

    Indian Rupee opens higher


    On the currency front, Indian Rupee opened higher at 69.01 against the weakening dollar.

    On Thursday, Rupee closed at 69.06/$.

    • 10:06 IST:
    On the currency front, Indian Rupee opened higher at 69.01 against the weakening dollar.

    On Thursday, Rupee closed at 69.06/$.

  • Jun 28, 2019 09:40 (IST)

    Brent Crude


    In commodity markets, trade worries continued to weigh on oil, with U.S. crude CLc1 losing 0.57% to $59.09 a barrel and global benchmark Brent crude LCOc1 down 0.56% to $66.18 per barrel.

    Earlier in the day, Brent Crude gained 1% at $67/bbl ahead of OPEC meeting on Monday.

    • 09:40 IST:
    In commodity markets, trade worries continued to weigh on oil, with U.S. crude CLc1 losing 0.57% to $59.09 a barrel and global benchmark Brent crude LCOc1 down 0.56% to $66.18 per barrel.

    Earlier in the day, Brent Crude gained 1% at $67/bbl ahead of OPEC meeting on Monday.

  • Jun 28, 2019 09:29 (IST)

    Sectors Update

    Sensex Today LIVE: Key equity indices are trading marginally higher on Friday, backed up by buying interest in Pharma, IT, Media and Auto stocks.


    Sectorally, Pharma is top gaining sector with over 1.30% rise, followed by almost 0.50% gains in IT sector. Today losing indices are Realty at 0.60 % decline, followed by bearishness in banking,, metal and financial indices.

    • 09:29 IST:
    Sensex Today LIVE: Key equity indices are trading marginally higher on Friday, backed up by buying interest in Pharma, IT, Media and Auto stocks.


    Sectorally, Pharma is top gaining sector with over 1.30% rise, followed by almost 0.50% gains in IT sector. Today losing indices are Realty at 0.60 % decline, followed by bearishness in banking,, metal and financial indices.

  • Jun 28, 2019 09:21 (IST)

    Equity Market opens positive

    Sensex Today LIVE: Sensex is trading at 39,672, against the last close of 39586.41 , while the NSE Nifty50 is trading at 11,861.15 against the last close of 11841.55level.

    • 09:21 IST: Sensex Today LIVE: Sensex is trading at 39,672, against the last close of 39586.41 , while the NSE Nifty50 is trading at 11,861.15 against the last close of 11841.55level.

  • Jun 28, 2019 09:10 (IST)

    Markets Pre-open marginallly positive

    The market started positive with 30-share S&P BSE Sensex pre-opening at 39,703 against yesterday's close of 39586.41 and NSE Nifty50 at 11861 against last close of 11841.55 respectively.

    • 09:10 IST: The market started positive with 30-share S&P BSE Sensex pre-opening at 39,703 against yesterday's close of 39586.41 and NSE Nifty50 at 11861 against last close of 11841.55 respectively.

  • Jun 28, 2019 09:07 (IST)

    FII and DII

    On Thursday, Foreign institutional investors bought equity worth Rs 106.26
    crore, while domestic institutional investors sold shares to the tune of Rs 51.47 crore, provisional data available with stock exchanges showed

    • 09:07 IST: On Thursday, Foreign institutional investors bought equity worth Rs 106.26
    crore, while domestic institutional investors sold shares to the tune of Rs 51.47 crore, provisional data available with stock exchanges showed

  • Jun 28, 2019 08:54 (IST)

    Asian stocks pare gains, trade lower today



    Stocks in Asia traded lower and under average volumes today, ahead of the globally awaited U.S.-China presidential meeting Saturday.

    • 08:54 IST:

    Stocks in Asia traded lower and under average volumes today, ahead of the globally awaited U.S.-China presidential meeting Saturday.

  • Jun 28, 2019 08:53 (IST)

    Wall Street



    On Thursday, U.S. stock futures edged higher in the Wall Street session.

    While Dow Jones ended negative, S&P 500, NASDAQ and NYSE index closed higher.

    • 08:53 IST:

    On Thursday, U.S. stock futures edged higher in the Wall Street session.

    While Dow Jones ended negative, S&P 500, NASDAQ and NYSE index closed higher.

  • Jun 28, 2019 08:49 (IST)

    Rupee ends lower on Thursday




    The Indian rupee pared initial losses and closed 8 paise higher at 69.07 against the US currency on Thursday, supported by easing crude oil prices and weaker greenback.

    • 08:49 IST:


    The Indian rupee pared initial losses and closed 8 paise higher at 69.07 against the US currency on Thursday, supported by easing crude oil prices and weaker greenback.

  • Jun 28, 2019 08:48 (IST)

    Modi at G20 Summit



    Modi is in Japan to attend the G20 Summit to be held in Osaka from Friday. This will be PM Modi's sixth G20 Summit which is being held in the city of Osaka, Japan on June 28-29.

    "In the next five years, our target is to make India a five-trillion dollar economy. Social sector remains our top priority. Also, we will focus more on infrastructure development, especially digital infrastructure," he said.

    PM Modi says he would like to focus on Iran, 5G, bilateral and defence relations. @POTUS says he believes that the relations between India and US have never been better

    He also added that the global economy is being ruled by one-sided decisions. He said that focussing on WTO reforms for global growth should be equal for all and that climate change and terrorism are global issues.

    Read more: Ties with Japan to get more robust as India aims to become $5 trillion economy: PM Modi

    • 08:48 IST:

    Modi is in Japan to attend the G20 Summit to be held in Osaka from Friday. This will be PM Modi's sixth G20 Summit which is being held in the city of Osaka, Japan on June 28-29.

    "In the next five years, our target is to make India a five-trillion dollar economy. Social sector remains our top priority. Also, we will focus more on infrastructure development, especially digital infrastructure," he said.

    PM Modi says he would like to focus on Iran, 5G, bilateral and defence relations. @POTUS says he believes that the relations between India and US have never been better

    He also added that the global economy is being ruled by one-sided decisions. He said that focussing on WTO reforms for global growth should be equal for all and that climate change and terrorism are global issues.

    Read more: Ties with Japan to get more robust as India aims to become $5 trillion economy: PM Modi

  • Jun 28, 2019 08:47 (IST)

    Gold Advances

    Gold rose 0.8% to $1,421.05 an ounce. The weak dollar and uncertainty over global trade saw gold rebound after dipping below $1,400 per ounce on Thursday. Spot gold XAU= was last traded at $1,420.35 per ounce, up 0.79%.

    • 08:47 IST: Gold rose 0.8% to $1,421.05 an ounce. The weak dollar and uncertainty over global trade saw gold rebound after dipping below $1,400 per ounce on Thursday. Spot gold XAU= was last traded at $1,420.35 per ounce, up 0.79%.

  • Jun 28, 2019 08:44 (IST)

    Market ends flat on last day of June F&O Expiry

    The market ended flat with S&P BSE Sensex closing at 39586.41 down by -5.67 points or by -0.01 % and NSE Nifty closing at 11841.55 down by -6 points or by -0.05 % respectively. Today was the last day of the June F&O series. This was NSE Nifty 50's worst F&O series in eight months.

    The BSE Sensex touched intraday high of 39817.22 and intraday low of 39510.44. The NSE Nifty touched intraday high of 11911.15 and intraday low of 11821.05.

    Among the shares, M&M, Tata Motors, Indiabulls Housing, Eicher Motors and Bharti Infratel were among top gainers on the Nifty, while Tech Mahindra, HCL Tech, Hindalco, Reliance Industries and UPL, lost the most.





    • 08:44 IST:
    The market ended flat with S&P BSE Sensex closing at 39586.41 down by -5.67 points or by -0.01 % and NSE Nifty closing at 11841.55 down by -6 points or by -0.05 % respectively. Today was the last day of the June F&O series. This was NSE Nifty 50's worst F&O series in eight months.

    The BSE Sensex touched intraday high of 39817.22 and intraday low of 39510.44. The NSE Nifty touched intraday high of 11911.15 and intraday low of 11821.05.

    Among the shares, M&M, Tata Motors, Indiabulls Housing, Eicher Motors and Bharti Infratel were among top gainers on the Nifty, while Tech Mahindra, HCL Tech, Hindalco, Reliance Industries and UPL, lost the most.