Share Market LIVE: Share Market ends in red, Sensex closes 67 points lower; Nifty at 12,037
BusinessToday.In | 26 November 2019
Share Market Today: After hitting fresh lifetime highs in the morning session, benchmark indices Sensex and Nifty erased gains and closed negative on Tuesday, amid heavy selling pressure in media, IT and realty scrips. Sensex ended 67 points lower at 40,821 and Nifty traded 24 points lower at 12,049 by th eclosing bell. Earlier today, BSE Sensex jumped over 200 points to hit record high of 41,100.82. The NSE Nifty scaled lifetime peak of 12,132.45. Nifty's previous all-time high was 12,103.05, which it scaled on June 3, 2019. Domestic benchmark BSE S&P Sensex and NSE Nifty50 are trading in line with global markets. On the sectoral front, banking, financials, auto, pharma indices traded in the green , while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
KEY UPDATES
- 15:41 IST
- 15:36 IST
- 14:31 IST
- 14:17 IST
- 14:17 IST
- 13:18 IST
- 12:51 IST
- 12:49 IST
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- 11:23 IST
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- 10:21 IST
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- 10:00 IST
- 09:58 IST
- 09:56 IST
- 09:52 IST
- 09:49 IST
- 09:41 IST
- 09:26 IST
- 09:19 IST
Dish TV, NBCC, Tata Motors DVR and Castrol India to be excluded :NSE F&O
- 09:14 IST
- 09:08 IST
- 09:06 IST
- 09:02 IST
- 09:00 IST
Share Market Today: On the sectoral front, banking, financials, auto, pharma indices traded in the green, while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
- 15:41 IST
Closing Bell
Share Market Today: After hitting fresh lifetime highs within few minutes of trade, benchmark indices Sensex and Nifty erased early gains and closed negative, amid heavy selling pressure in media, IT and realty scrips. Sensex ended 67 points lower at 40,821 and Nifty traded 24 points lower at 12,049 by th eclosing bell. Earlier today, BSE Sensex jumped over 200 points to hit record high of 41,100.82. The NSE Nifty scaled lifetime peak of 12,132.45. Nifty's previous all-time high was 12,103.05, which it scaled on June 3, 2019. Domestic benchmark BSE S&P Sensex and NSE Nifty50 are trading in line with global markets. On the sectoral front, banking, financials, auto, pharma indices traded in the green , while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
- 15:36 IST
Market Update
Share Market Today: Share market turned negative by the last hour of trade on Tuesday, amid heavy selling pressure in media, IT and realty scrips. Sensex trades 67 points lower at 40,821 and Nifty traded 24 points lower at 12,049
- 14:31 IST
IndiGo stock falls over 4%
Share price of InterGlobe Aviation fell 4.24% to the intraday low of Rs 1,389 on Tuesday after the aviation regulator Directorate General of Civil Aviation (DCGA) on Monday warned IndiGo that a significant portion of IndiGo’s fleet could be grounded if the carrier fails to meet 31 January, 2020, deadline.
India’s aviation regulator told the airline that its' efforts to modify the glitch-prone older Pratt & Whitney (PW) engines installed on Airbus A320Neo aircraft were not satisfactory.
- 14:17 IST
Sector Update
On the sectoral front, banking, financials, auto, pharma indices traded in the green , while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
- 14:17 IST
Telecom shares trade lower
Telecom stocks under pressure following reports that Secy Panel formed to suggest relief measures for the telecom sector has been ‘disbanded’. On BSE, 'Telecom provider' sector traded 3.86% lower, with Vodafone Idea leading the losses at 15.50% fall, followed by 3.78% decline in MTNl and 3.76% decline in Bharti Airtel share price.
- 13:18 IST
RIL nears Rs 10 lakh crore M-cap
Read more
Reliance Industries share price have hit a fresh all-time high on Tuesday of Rs 1, 576, after rising 0.98% or 15.3 points compared to the previous close of Rs 1560.70 on BSE.
This brings the market cap of the conglomerate closer to the record Rs 10 lakh crore mark, a first for an Indian company. On Tuesday, the market capitalisation of the Mukesh Ambani led-firm stood at Rs 9.95 lakh crore, Rs 5,000 crore short of the record Rs 10 lakh crore market cap mark. - 12:51 IST
Cement price decline for 6 months straight
Bloomberg reported that cement prices have fallen for sixth straight month in November as construction activity was affected by unseasonal rains in parts of India coupled with a ban on construction activity in the smog-hit Delhi-NCR region.
- 12:49 IST
CSB Bank IPO subscribed 7.3 times on Day 3
The IPO of Kerala-based CSB Bank has been subscribed 7.31 times on November 26, its third and final day of bidding.
The initial public offering (IPO) of the lender received total bids amounting to 8.4 crore shares from both the bourses BSE and NSE on Day 3, against the total issue size of 1.15 crore shares, reflecting 7.31 times subscription, as per data available with the National Stock Exchange.
Read more - 12:16 IST
Expert Opinion: Market Update
Commenting on the broader indices Sensex and Nifty reaching to all-time high levels, Prakarsh Gagdani, CEO of 5Paisa.com said,"Market touching all time high is a clear reflection of expectations of continued reforms by the government especially with regards to critical issue such as disinvestment and labour reform."
"Since lot of money has been sitting on sidelines and considering the fact that there has been improvement in margins for most corporates in the last quarter, market sentiment for next six months is quite positive," he added.
- 12:13 IST
MSCI changes applicable from Nov 26
Morgan Stanley Capital International (MSCI) had re balanced its Global Standard Index on November 7, which will come into effect after close of trade on November 26.
A total of 78 stocks have witnessed changes from the MSCI India Index, including seven additions and four deletions of listed entities from MSCI Global Standard Index. - 11:23 IST
Airtel, Reliance Jio submit bids for RCom assets
Reliance Jio Infocomm Ltd and Bharti Airtel and three others have reportedly submitted a bid for the possession of assets of the beleaguered company and its two subsidiaries namely Reliance Telecom Ltd and Reliance Infratel Ltd.
Share price of rose 4.35% to the intraday high of Rs 0.72 as compared to its previous closing price of Rs 0.69.
Read more
- 10:32 IST
Market Update
Share Market Today: After hitting fresh lifetime highs within few minutes of trade, benchmark indices Sensex and Nifty erased early gains on Tuesday. Currently, Sensex has risen 80 points higher at 40,970 and Nifty 15 points to 12,089.
Read more - 10:29 IST
Oil slips lower
Brent futures, the global oil benchmark, slipped 0.05 per cent to USD 62.59 per barrel.
- 10:28 IST
US-China trade deal optimism
China’s Commerce Ministry told Reuters that China and the United States held a phone call on Tuesday morning, where top trade negotiators namely Chinese Vice Premier Liu He, spoke with U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin. They have discussed core issues of concerns and also reached a common understanding on resolving relevant problems.
- 10:21 IST
Castrol India declines 2.35%
Castrol India fell 2.35% in the early trade to Rs 145.55, as the shares of the listed enterprises will be excluded from the NSE F&O segment from February series onward.
- 10:16 IST
Rupee rises to 71.66/dollar
Indian rupee, the domestic unit, appreciated by 8 paise to 71.66 against the US dollar in early trade at the Interbank Foreign Exchange, propelled by foreign capital inflows and easing crude oil prices. The rupee had closed 3 paise higher at 71.74 in the previous session.
Read more - 10:01 IST
Market Update
Share Market Today: According to experts, market is on a high tracking sustained buying from foreign investors over last couple of weeks, easing global worries on the trade tariff front, new developments over divestment to curb fiscal deficit and expectations of cut in interest rate by the Reserve Bank of India.
Short covering ahead of the expiry of November derivatives contracts on Thursday is also contributing to the rally, traders said. - 10:01 IST
FII remain bullish, DII stays bearish
Foreign institutional investors bought shares worth Rs 960.90 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 213.66 crore, data available with stock exchange showed.
- 10:00 IST
Dish TV falls 3%
Dish TV stock price fell 3% to the day's low of Rs 15.75 on BSE on Tuesday, as the shares of the listed enterprises will be excluded from the NSE F&O segment from February series onward.
- 09:58 IST
Market Update
The 30-share index Sensex was trading 218.82 points, or 0.54 per cent, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43 per cent, to 12,125.50.
Top gainers in the Sensex pack included Yes Bank which rose up to 1.57 per cent, Tata Steel 1.54 per cent, Sun Pharma 1.45 per cent, ICICI Bank 1.48 per cent, Infosys 1.10 per cent and RIL 0.76 per cent.
On the other hand, Bharti Airtel fell up to 1.73 per cent, Kotak Bank 0.40 per cent, Bajaj Auto 0.33 per cent, L&T 0.22 per cent and Hero MotoCorp slipped 0.05 per cent. - 09:56 IST
Zee Entertainment falls 10%
Zee Entertainment Enterprises fell 9% lower to Rs 312.50 on Tuesday' s trade after the company board announced that it has accepted Subhash Chandra's resignation from the position of Chairman of the company.
Read more
- 09:52 IST
Bharti Airtel falls nearly 3% on rating downgrade
Bharti Airtel shares fell 2.9% to an intraday low of Rs 437.85 on the BSE today, after the rating firm ICRA downgrades Airtel’s long-term rating to AA- & reaffirmed short-term rating to A1+.
- 09:49 IST
Rupee rises
Rupee opens higher at 71.68 per dollar compared to yesterday's close of 71.22 against the US dollar, amid renewed optimism over US-China trade truce.
- 09:41 IST
Market Update
Share Market Today: Benchmark indices Sensex and Nifty started on a majorly bullish note on Tuesday, with the domestic broader indices hitting fresh lifetime highs within few minutes of trade. Amid renewed optimism over US-China trade truce, domestic benchmark BSE S&P Sensex and NSE Nifty50 are trading in line with global markets that soared higher over reports of 16-month-prolonged trade war truce between the world's leading economies.
Sensex has made a new all-time high of 41,120.28 and Nifty has recorded a fresh all time high of 12,132.45 - 09:26 IST
Indices hit lifetime high at opening bell
BSE Sensex opened at 41,022.85 on Tuesday and made an intraday high of 41,103, also its newly recorded all-time high. Yesterday Sensex had made a new lifetime high of 40,868.3.
NSE Nifty has opened at 12,110.20 and later made an intraday high as well as a fresh lifetime high of 12,126.05, compared to its earlier recorded 52-week high of 12,103.05.
- 09:19 IST
Dish TV, NBCC, Tata Motors DVR and Castrol India to be excluded :NSE F&O
National Stock Exchange of India announced that listed companies namely Dish TV, NBCC, Tata Motors DVR and Castrol India are to be excluded from Futures and Options (F&O) segment, from the February series. No contracts will be available for trading in these stocks from January 31, 2020, the exchange said. The existing contracts of expiry months November, December and January will continue to be available for trading till their respective expires.
- 09:14 IST
Subhash Chandra resigns as Chairman of Zee Entertainment
Zee Entertainment board on Monday has accepted Subhash Chandra's resignation as the Chairman of the company. Subhash Chandra and Punit Goenka will remain on Zee Entertainment board as representatives of Essel Group.
"The Board accepted his resignation and noted that this is in line with the requirements of Regulation 17 (lB) of SEBI Listing Regulations, which inter alia mandates that the Chairperson of the Board shall not be related to the Managing Director or the Chief Executive Officer of the Company. He will remain as Non-Executive Director of the Company," the company said in a regulatory filing.
Read more
- 09:08 IST
Pre-open session
Market has pre-opened on a strong bullish note Tuesday, with Sensex rising 120 points at 41,000 level and Nifty trades 160 points higher at 12,075 mark.
- 09:06 IST
Trade deal truce
Gains in the international market today were in-line with global cues as media reports suggested that a preliminary trade deal between the US and China may be signed by the end of this year. Both Washington and Beijing made positive comments on the potential for a trade deal.
Concerns over the 16-months-prolonged trade war dispute between the world's leading economies have weighed on markets last week and kept investors' sentiments muted globally. - 09:02 IST
Last Close
At Monday's closing bell, the BSE S&P Sensex was quoting at 40889.23, up by 529.82 points or by 1.31 per cent, and the NSE Nifty was at 12073.75, up by 159.35 points or by 1.34 per cent. The market saw a broad-based buying with all the sectoral indices ended in green, led by metal and realty stock.
Among individual stocks, Bharti Airtel, Tata Steel, IndusInd Bank, Axis Bank and HDFC were among top gainers, while ONGC and YES Bank were among notable losers.
Read more - 09:00 IST
Global Market Update
On Wall Street three major indices ended at record close levels on Monday as trade truce signs for deal progress between the United States and China kept investors optimistic.
Asian shares traded mixed with Nikkie, KOSPI and Taiwan index trading higher, while HangSeng, Strait Times and Shanghai Composite index trading marginally lower. The Dow Jones Industrial Average rose 0.68%, the S&P 500 gained 0.75% and the Nasdaq Composite added 1.32%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%.
SGX Nifty traded 21 points higher at 12,128, indicating a good head start for the broader domestic indices.
15:41 IST: Share Market Today: After hitting fresh lifetime highs within few minutes of trade, benchmark indices Sensex and Nifty erased early gains and closed negative, amid heavy selling pressure in media, IT and realty scrips. Sensex ended 67 points lower at 40,821 and Nifty traded 24 points lower at 12,049 by th eclosing bell. Earlier today, BSE Sensex jumped over 200 points to hit record high of 41,100.82. The NSE Nifty scaled lifetime peak of 12,132.45. Nifty's previous all-time high was 12,103.05, which it scaled on June 3, 2019. Domestic benchmark BSE S&P Sensex and NSE Nifty50 are trading in line with global markets. On the sectoral front, banking, financials, auto, pharma indices traded in the green , while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
15:36 IST: Share Market Today: Share market turned negative by the last hour of trade on Tuesday, amid heavy selling pressure in media, IT and realty scrips. Sensex trades 67 points lower at 40,821 and Nifty traded 24 points lower at 12,049
14:31 IST: Share price of InterGlobe Aviation fell 4.24% to the intraday low of Rs 1,389 on Tuesday after the aviation regulator Directorate General of Civil Aviation (DCGA) on Monday warned IndiGo that a significant portion of IndiGo’s fleet could be grounded if the carrier fails to meet 31 January, 2020, deadline.
India’s aviation regulator told the airline that its' efforts to modify the glitch-prone older Pratt & Whitney (PW) engines installed on Airbus A320Neo aircraft were not satisfactory.
14:17 IST: On the sectoral front, banking, financials, auto, pharma indices traded in the green , while FMCG, IT, media, metal and realty indices traded in the red on Tuesday.
14:17 IST: Telecom stocks under pressure following reports that Secy Panel formed to suggest relief measures for the telecom sector has been ‘disbanded’. On BSE, 'Telecom provider' sector traded 3.86% lower, with Vodafone Idea leading the losses at 15.50% fall, followed by 3.78% decline in MTNl and 3.76% decline in Bharti Airtel share price.
13:18 IST:
Reliance Industries share price have hit a fresh all-time high on Tuesday of Rs 1, 576, after rising 0.98% or 15.3 points compared to the previous close of Rs 1560.70 on BSE.
This brings the market cap of the conglomerate closer to the record Rs 10 lakh crore mark, a first for an Indian company. On Tuesday, the market capitalisation of the Mukesh Ambani led-firm stood at Rs 9.95 lakh crore, Rs 5,000 crore short of the record Rs 10 lakh crore market cap mark.