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Sensex Today: Sensex ends 167 points lower, Nifty at 11,512 mark, Indiabulls group stocks under pressure

BusinessToday.In | 27 September 2019

Sensex Today: After a volatile trading session, equity benchmark BSE Sensex and NSE Nifty fell 0.45 % each by Friday's closing bell amid heavy selling pressure in metal, pharma and realty stocks. Tracking weak cues from global market, Sensex ended the day's trade at 38,822, declining 167 point by the closing session, while Nifty50 ended 58 points lower at 11,512.Yes Bank,  Infosys and NTPC were among the top losers in the BSE-30 Index, while IndusInd Bank, Bajaj Finance and ICICI Bank  were the top gainers.

 

 

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  • Sensex Today: Sectorally, all the indices ended on a bearish note, with highest declines registered in metal and realty stocks, each declining over 2%, followed by over 1.5% media and auto scrips.
  • 16:04 IST

    Market Wrap: Expert opinion

    Commenting on the equity market trend today, Sanjeev Zarbade, VP PCG Research, Kotak Securities said,"The BSE-30 Index gained 2% in the week as the market sentiment remained positive after the previous week’s government announcement of reducing corporate tax rates to 22% from 30% (excluding surcharges and cess)."

    "Global markets remained lackluster though, especially the US markets, which was weak on continued trade tensions with China and initiation of impeachment proceedings against President Trump," he added.

    Speaking on the fund inflows, he quoted," FPIs bought equities worth US$219 mn over the past five trading sessions while DIIs bought US$514 mn worth of equities. Going ahead the focus would shift to Trade talks related development between US and China and earnings announcements."

     

  • 16:04 IST: Commenting on the equity market trend today, Sanjeev Zarbade, VP PCG Research, Kotak Securities said,"The BSE-30 Index gained 2% in the week as the market sentiment remained positive after the previous week’s government announcement of reducing corporate tax rates to 22% from 30% (excluding surcharges and cess)."

    "Global markets remained lackluster though, especially the US markets, which was weak on continued trade tensions with China and initiation of impeachment proceedings against President Trump," he added.

    Speaking on the fund inflows, he quoted," FPIs bought equities worth US$219 mn over the past five trading sessions while DIIs bought US$514 mn worth of equities. Going ahead the focus would shift to Trade talks related development between US and China and earnings announcements."

     

  • 15:57 IST

    Closing session


    Sensex Today:  After a volatile trading session, equity benchmark BSE Sensex and NSE Nifty fell 0.45 % each by Friday's closing bell amid heavy selling pressure in metal, pharma and realty stocks.

    Tracking weak cues from global market, Sensex ended the day's trade at 38,822, declining 167 point by the closing session, while Nifty50 ended 58 points lower at 11,512.

    Yes Bank,  Infosys and NTPC were among the top losers in the BSE-30 Index, while IndusInd Bank, Bajaj Finance and ICICI Bank  were the top gainers.

    Sectorally, all the indices ended on a bearish note, with highest declines registered in metal and realty stocks, each declining over 2%, followed by over 1.5% media and auto scrips.

  • 15:57 IST:
    Sensex Today:  After a volatile trading session, equity benchmark BSE Sensex and NSE Nifty fell 0.45 % each by Friday's closing bell amid heavy selling pressure in metal, pharma and realty stocks.

    Tracking weak cues from global market, Sensex ended the day's trade at 38,822, declining 167 point by the closing session, while Nifty50 ended 58 points lower at 11,512.

    Yes Bank,  Infosys and NTPC were among the top losers in the BSE-30 Index, while IndusInd Bank, Bajaj Finance and ICICI Bank  were the top gainers.

    Sectorally, all the indices ended on a bearish note, with highest declines registered in metal and realty stocks, each declining over 2%, followed by over 1.5% media and auto scrips.

  • 14:33 IST

    Rupee at day's high

    The Indian rupee recovered from early losses and traded at day's high of 70.72 against the dollar, amid high volatility in the domestic equity market.

  • 14:33 IST: The Indian rupee recovered from early losses and traded at day's high of 70.72 against the dollar, amid high volatility in the domestic equity market.

  • 13:45 IST

    Maruti Suzuki reduces the ex-showroom price of Baleno RS

     
    In a second round of slashing prices post the hefty corporate tax-cut, Maruti Suzuki India Limited has announced on September 27 a massive price reduction of Rs 1 lakh of its popular Baleno RS model.

    "This is to inform that Maruti Suzuki India Limited announced a price reduction of select models by Rs 5,000/- on September 25, 2019. Along with the above reduction, the company has also reduced the Ex-Showroom price of its model i.e. Baleno RS by Rs 100,000/-," the carmaker said in a BSE filing.

  • 13:45 IST:  
    In a second round of slashing prices post the hefty corporate tax-cut, Maruti Suzuki India Limited has announced on September 27 a massive price reduction of Rs 1 lakh of its popular Baleno RS model.

    "This is to inform that Maruti Suzuki India Limited announced a price reduction of select models by Rs 5,000/- on September 25, 2019. Along with the above reduction, the company has also reduced the Ex-Showroom price of its model i.e. Baleno RS by Rs 100,000/-," the carmaker said in a BSE filing.

  • 13:28 IST

    NTPC declares commercial operation of unit 1 of Lara Super Thermal Power Station, shres rise 2%


    National Thermal Power Corporation Limited rose 2.1% to the intrday high of Rs 119.10, after the PSU informed to the exchanges that the Unit-1 (800MW) of Lara Super Thermal Power Station (2*800MW) will be declared on commercial operation w.e.f 00:00 hours of 30th Sep, 2019.

    The filing added," With this, the commercial capacity of Lara Super Thermal Power Station, NTPC and N~PC group will become 800 MW, 47325 MW and 55786 MW respectively".

  • 13:28 IST:
    National Thermal Power Corporation Limited rose 2.1% to the intrday high of Rs 119.10, after the PSU informed to the exchanges that the Unit-1 (800MW) of Lara Super Thermal Power Station (2*800MW) will be declared on commercial operation w.e.f 00:00 hours of 30th Sep, 2019.

    The filing added," With this, the commercial capacity of Lara Super Thermal Power Station, NTPC and N~PC group will become 800 MW, 47325 MW and 55786 MW respectively".

  • 13:22 IST

    Unitech slips 5% on show-cause notice from Noida authority


     
    Shares of Unitech tanked to a 52-week low of Rs 0.61, hitting 5 % lower circuit on Friday after the real-estate company announced in a clarification notice to the excahnges that it was issued a show-cause notice by the Noida authority.

    The share price has tumbled 78% in the last year. As per the filing, the company is in the process of exploring appropriate legal recourses.


     

  • 13:22 IST:
     
    Shares of Unitech tanked to a 52-week low of Rs 0.61, hitting 5 % lower circuit on Friday after the real-estate company announced in a clarification notice to the excahnges that it was issued a show-cause notice by the Noida authority.

    The share price has tumbled 78% in the last year. As per the filing, the company is in the process of exploring appropriate legal recourses.


     

  • 12:42 IST

    FIR against Lakshmi Vilas Bank board members for 'cheating, conspiracy', shares locked at lower circuit

    The shares of Lakshmi Vilas Bank were locked at 5% lower circuit on Friday's trading session after the Economic Offences Wing in New Delhi registered a First Information Report (FIR) against the board members of the Lakshmi Vilas Bank (LVB).

    The FIR is based on a complaint filed by Religare Finvest Limited (RFL) pertaining to adjustment of their deposits to the dues of RHC Holding Pvt. Ltd and Ranchem Pvt Ltd. The bank is considering appropriate legal measures to counter the same.
     

  • 12:42 IST: The shares of Lakshmi Vilas Bank were locked at 5% lower circuit on Friday's trading session after the Economic Offences Wing in New Delhi registered a First Information Report (FIR) against the board members of the Lakshmi Vilas Bank (LVB).

    The FIR is based on a complaint filed by Religare Finvest Limited (RFL) pertaining to adjustment of their deposits to the dues of RHC Holding Pvt. Ltd and Ranchem Pvt Ltd. The bank is considering appropriate legal measures to counter the same.
     

  • 12:21 IST

    Public Debt for the Q1 FY20

    As per Quarterly Report on Public Debt Management – Q1 FY20 (April to June 2019), Public debt accounted for 89.4% of total outstanding liabilities at end-June 2019. Nearly 28.9% of the outstanding dated securities had a residual maturity of less than 5 years.

    The total liabilities (including liabilities under the ‘Public Account’) of the Government, increased to Rs 88,18,392 crore at end-June 2019 from Rs 84,68,086 crore at end-March 2019.

    The gross fiscal deficit (GFD) of the Central Government for 2019-20 has been budgeted, in
    the Regular Budget, at Rs 7,03,760 crore or 3.3 per cent of GDP as compared to Rs 6,34,398 crore or 3.4 per cent of GDP in 2018-19 RE.

    Gross and net market borrowings of the Central Government for FY20 have been budgeted at
    Rs 7,10,000.0 crore and Rs 4,23,122.0 crore.

    Q-o-Q Total Central Govt debt has increased 4.1% by Q1FY20.

  • 12:21 IST: As per Quarterly Report on Public Debt Management – Q1 FY20 (April to June 2019), Public debt accounted for 89.4% of total outstanding liabilities at end-June 2019. Nearly 28.9% of the outstanding dated securities had a residual maturity of less than 5 years.

    The total liabilities (including liabilities under the ‘Public Account’) of the Government, increased to Rs 88,18,392 crore at end-June 2019 from Rs 84,68,086 crore at end-March 2019.

    The gross fiscal deficit (GFD) of the Central Government for 2019-20 has been budgeted, in
    the Regular Budget, at Rs 7,03,760 crore or 3.3 per cent of GDP as compared to Rs 6,34,398 crore or 3.4 per cent of GDP in 2018-19 RE.

    Gross and net market borrowings of the Central Government for FY20 have been budgeted at
    Rs 7,10,000.0 crore and Rs 4,23,122.0 crore.

    Q-o-Q Total Central Govt debt has increased 4.1% by Q1FY20.

  • 12:16 IST

    FDI/FPI

    The net foreign direct investment to India increased substantially and the net foreign portfolio investment turned positive in Q1 of 2019-20 in comparison to the corresponding period in 2018-19. In Apr-Jun 2019, FDI inflow stood at Rs 14,491 cr against Rs 9,572 cr recorded in Apr-Jun 2018 and Rs 7,144 cr in Apr-Jun 2017 . Similarly, FPI inflows recorded during Apr-Jun 2019 stood at Rs 3,938 cr aginst the negative balance of Rs -8,145 cr in Apr-Jun 2018, although lower than Rs 12,452 cr recorded in Apr-Jun 2017.

  • 12:16 IST: The net foreign direct investment to India increased substantially and the net foreign portfolio investment turned positive in Q1 of 2019-20 in comparison to the corresponding period in 2018-19. In Apr-Jun 2019, FDI inflow stood at Rs 14,491 cr against Rs 9,572 cr recorded in Apr-Jun 2018 and Rs 7,144 cr in Apr-Jun 2017 . Similarly, FPI inflows recorded during Apr-Jun 2019 stood at Rs 3,938 cr aginst the negative balance of Rs -8,145 cr in Apr-Jun 2018, although lower than Rs 12,452 cr recorded in Apr-Jun 2017.

  • 12:10 IST

    Rupee update

    Between June 28, 2019 and March 29, 2019, there was an appreciation in the value of Rupee against the US dollar by 0.1 per cent.

  • 12:10 IST: Between June 28, 2019 and March 29, 2019, there was an appreciation in the value of Rupee against the US dollar by 0.1 per cent.

  • 11:46 IST

    Strides Pharma hits fresh 52-week low

    Strides Pharma stock fell 6% to hit a new 52-week low of Rs 308 on Friday's trading session, after the Pharmaceutical firm announced that it has received an Information Request (IR) from the USFDA to provide test data related to Nnitrosodimethylamine (NDMA) impurities in Ranitidine tablets.

    Reacting to the lastest developements, the share pric eof Strides Pharma fell 6% to the day's low of Rs 308.60, agaisnt the last closing price of Rs 328.60, also its fresh 52-week low. the stock has fallen 13.56% in the last 5 trading sessions and tardes lower than 5, 20, 50, 100 and 200-day moving averages.

    Strides Pharma Science announced that while the company conducts the relevant tests mandated by the USFDA, it has suspended sales of ranitidine tablets in the US market until such time it has clarity of next steps as would be indicated by the USFDA. Ranitidine tablets was amongst the top 5 products sold by the company in the USA, as per company's earlier filing.

  • 11:46 IST: Strides Pharma stock fell 6% to hit a new 52-week low of Rs 308 on Friday's trading session, after the Pharmaceutical firm announced that it has received an Information Request (IR) from the USFDA to provide test data related to Nnitrosodimethylamine (NDMA) impurities in Ranitidine tablets.

    Reacting to the lastest developements, the share pric eof Strides Pharma fell 6% to the day's low of Rs 308.60, agaisnt the last closing price of Rs 328.60, also its fresh 52-week low. the stock has fallen 13.56% in the last 5 trading sessions and tardes lower than 5, 20, 50, 100 and 200-day moving averages.

    Strides Pharma Science announced that while the company conducts the relevant tests mandated by the USFDA, it has suspended sales of ranitidine tablets in the US market until such time it has clarity of next steps as would be indicated by the USFDA. Ranitidine tablets was amongst the top 5 products sold by the company in the USA, as per company's earlier filing.

  • 11:11 IST

    Gold trades rangebound

    Gold turned rangebound as traders look cautiously at global developments, amid high geopolitical tensions, continued global economic slow-down.

     

  • 11:11 IST: Gold turned rangebound as traders look cautiously at global developments, amid high geopolitical tensions, continued global economic slow-down.

     

  • 10:30 IST

    Sensex pack: Gainers/Losers

    Top losers in the Sensex pack in early trade included Yes Bank, Tata Motors, Vedanta, Tata Steel, Asian Paints, ONGC, ICICI Bank, Kotak Bank, IndusInd Bank and Hero MotoCorp, shedding up to 3 per cent.

    On the other hand, ITC, NTPC, Infosys, Bajaj Finance, SBI, HCL Tech, HDFC and Maruti rose up to 2 per cent.

  • 10:30 IST: Top losers in the Sensex pack in early trade included Yes Bank, Tata Motors, Vedanta, Tata Steel, Asian Paints, ONGC, ICICI Bank, Kotak Bank, IndusInd Bank and Hero MotoCorp, shedding up to 3 per cent.

    On the other hand, ITC, NTPC, Infosys, Bajaj Finance, SBI, HCL Tech, HDFC and Maruti rose up to 2 per cent.

  • 10:29 IST

    Global Market Update

    Benchmark indices are trading lower on Friday, on account of weak global cues. Asian markets opened on a soft note, as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. Nikkei and Hong Kong Index declined 0.5% each.  On the Singaporean Exchange, SGX Nifty declined 0.3%.


    On Wall Street, US Dow Jones declined 0.3% on concern of US-China trade war as investors awaited the next developments in a week dominated by political dramas and a lack of clarity over trade.


     

  • 10:29 IST: Benchmark indices are trading lower on Friday, on account of weak global cues. Asian markets opened on a soft note, as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. Nikkei and Hong Kong Index declined 0.5% each.  On the Singaporean Exchange, SGX Nifty declined 0.3%.


    On Wall Street, US Dow Jones declined 0.3% on concern of US-China trade war as investors awaited the next developments in a week dominated by political dramas and a lack of clarity over trade.


     

  • 10:28 IST

    Auto stocks trading lower

    Auto stocks were trading in the red on Friday, with  scrips like Mahindra & Mahindra (down 1.67 per cent) , Hero MotoCorp (down 1.24 per cent) , Bosch (down 0.98 per cent) and Eicher Motors (down 0.90 per cent)

     

  • 10:28 IST: Auto stocks were trading in the red on Friday, with  scrips like Mahindra & Mahindra (down 1.67 per cent) , Hero MotoCorp (down 1.24 per cent) , Bosch (down 0.98 per cent) and Eicher Motors (down 0.90 per cent)

     

  • 10:27 IST

    Market Update

    Sensex Today: Equity indices turned bearish on Friday, amid weak global cues. As of 1030 IST, Sensex trades 100 points lower at 38,862 level and Nifty50 trades 40 points lower at 11,528 level.

    According to traders, market volatility has heightened as concerns over US President Donald Trump's impeachment inquiry has made investors nervous around the globe.

     

  • 10:27 IST: Sensex Today: Equity indices turned bearish on Friday, amid weak global cues. As of 1030 IST, Sensex trades 100 points lower at 38,862 level and Nifty50 trades 40 points lower at 11,528 level.

    According to traders, market volatility has heightened as concerns over US President Donald Trump's impeachment inquiry has made investors nervous around the globe.

     

  • 10:23 IST

    Nestle India replaces Indiabulls Housing in Nifty 50 today




    Nestle India has replaced Indiabulls Housing Finance in the benchmark Nifty 50 index today.
    “The replacement will also be applicable to the Nifty 50 Equal Weight Index," NSE had said in a release.

  • 10:23 IST:


    Nestle India has replaced Indiabulls Housing Finance in the benchmark Nifty 50 index today.
    “The replacement will also be applicable to the Nifty 50 Equal Weight Index," NSE had said in a release.

  • 10:09 IST

    Liquidity isn't a problem: FM Sitharaman

    Yesterday, FM briefed the media after her meeting with members of the banking sector and a few housing finance companies and non-banking finance companies. Sitharman said that none of those present spoke of a crunch in liquidity, and she expected demand to rise during the festival season.

    The Finance Minister said that even if there was a problem in liquidity, it was in the wholesale financing, and not in the retail.

     FM expects economy to be back on track in next 6 months.

    'Liquidity isn't a problem': FM Sitharaman calls meeting with private banks, NBFCs 'tonic-like'

  • 10:09 IST: Yesterday, FM briefed the media after her meeting with members of the banking sector and a few housing finance companies and non-banking finance companies. Sitharman said that none of those present spoke of a crunch in liquidity, and she expected demand to rise during the festival season.

    The Finance Minister said that even if there was a problem in liquidity, it was in the wholesale financing, and not in the retail.

     FM expects economy to be back on track in next 6 months.

    'Liquidity isn't a problem': FM Sitharaman calls meeting with private banks, NBFCs 'tonic-like'

  • 09:57 IST

    FM:Economic growth to improve by second half of FY20


     India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance Minister Nirmala Sitharaman said on Thursday.

    Sithraman in a press conference in New Delhi told reporters that lenders have enough liquidity and retail credit growth is likely to pick up in the festival season starting October. India’s economic growth in April-June fell to a six year low of 5%.

     

  • 09:57 IST:
     India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance Minister Nirmala Sitharaman said on Thursday.

    Sithraman in a press conference in New Delhi told reporters that lenders have enough liquidity and retail credit growth is likely to pick up in the festival season starting October. India’s economic growth in April-June fell to a six year low of 5%.

     

  • 09:56 IST

    Rupee opens lower

    The rupee slipped to 70.93 against the US currency in opening trade on Friday amid a stronger dollar in overseas markets.

    The domestic currency was trading lower by 5 paise at 70.93 at 0925 hrs against the US currency. The rupee moved in a range of 70.93 to 70.89 at the interbank foreign exchange market in opening trade.

    It had closed at 70.88 on Thursday on foreign fund inflows.

    Rupee vs Dollar: Rupee slips to 70.93 against USD amid stronger dollar in overseas markets

  • 09:56 IST: The rupee slipped to 70.93 against the US currency in opening trade on Friday amid a stronger dollar in overseas markets.

    The domestic currency was trading lower by 5 paise at 70.93 at 0925 hrs against the US currency. The rupee moved in a range of 70.93 to 70.89 at the interbank foreign exchange market in opening trade.

    It had closed at 70.88 on Thursday on foreign fund inflows.

    Rupee vs Dollar: Rupee slips to 70.93 against USD amid stronger dollar in overseas markets

  • 09:56 IST

    Oil prices decline

    Brent crude oil prices eased after a quick recovery in Saudi Arabia's production which was hit by attacks at its refineries. The Brent North Sea crude declined 0.8 per cent to USD 62.21 per barrel.

  • 09:56 IST: Brent crude oil prices eased after a quick recovery in Saudi Arabia's production which was hit by attacks at its refineries. The Brent North Sea crude declined 0.8 per cent to USD 62.21 per barrel.

  • 09:55 IST

    Market Update

    Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 14.91 points or 0.04 per cent at 38,974.83 while the broader NSE Nifty slipped by 18.3 points or 0.16 per cent to 11,552.90.

  • 09:55 IST: Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 14.91 points or 0.04 per cent at 38,974.83 while the broader NSE Nifty slipped by 18.3 points or 0.16 per cent to 11,552.90.

  • 09:54 IST

    FII/DII

    Foreign institutional investors (FIIs), who were net sellers for the last few sessions, bought equities worth a net Rs 737.17 crore on Thursday, according to provisional exchange data. 

  • 09:54 IST: Foreign institutional investors (FIIs), who were net sellers for the last few sessions, bought equities worth a net Rs 737.17 crore on Thursday, according to provisional exchange data. 

  • 09:52 IST

    Opening Bell

    Equity indices opened marginally lower on Friday, although recovered early losses to trade on bullish grounds by the first hour of morning trade.

  • 09:52 IST: Equity indices opened marginally lower on Friday, although recovered early losses to trade on bullish grounds by the first hour of morning trade.

  • 09:50 IST

    Last Close

    Benchmark indices Sensex and Nifty registered sharp recovery on Thursday amid strong gloabl equities and ended 1% higher on September F&O expiry day. While Sensex rallied 396 points higher to close at 38,989, Nifty ended 133 points higher at 11,573 mark.

    Sensex Today: Sensex ends 396 points higher, Nifty at 11,573 level on Sept F&O expiry day

  • 09:50 IST: Benchmark indices Sensex and Nifty registered sharp recovery on Thursday amid strong gloabl equities and ended 1% higher on September F&O expiry day. While Sensex rallied 396 points higher to close at 38,989, Nifty ended 133 points higher at 11,573 mark.

    Sensex Today: Sensex ends 396 points higher, Nifty at 11,573 level on Sept F&O expiry day