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Sensex Today: Airtel, Reliance Industries help Sensex end in green; Nifty closes below 12,050

BusinessToday.In | 02 December 2019

Share Market Today: Domestic equity market ended on a flat note on Monday, backed by heavy selling pressure across the sector-based indices and weak economic data reported last week. BSE Sensex climbed merely 8 points to close at 40,802 level and Nifty fell 7 points lower to end at 12,048. Sectorally, except media index that traded marginally positive throughout the day, all the other indices fell in Monday's session to close in the red. Quarterly GDP growth figures for the second quarter of this fiscal (July-September 2019) showed GDP falling to 6-year low at 4.5%. This coupled with weak auto monthly sales growth confirmed fears of a deepening slowdown in the economy and kept investors sentiments muted.

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  • Share Market Today: In terms of sector-based indices, media and metal indices traded marginally higher, while all the other indices traded in red today, with over 1% fall in pharma and IT scrips.
  • 16:16 IST

    Closing Bell

    Share Market Today: Domestic equity market ended on a flat note on Monday, backed by heavy selling pressure across the sector-based indices and weak economic data reported last week. BSE Sensex climbed merely 8 points to close at 40,802 level and Nifty fell 7 points lower to end at 12,048. Sectorally, except media index that traded marginally positive throughout the day, all the other indices fell in Monday's session to close in the red.

  • 16:16 IST: Share Market Today: Domestic equity market ended on a flat note on Monday, backed by heavy selling pressure across the sector-based indices and weak economic data reported last week. BSE Sensex climbed merely 8 points to close at 40,802 level and Nifty fell 7 points lower to end at 12,048. Sectorally, except media index that traded marginally positive throughout the day, all the other indices fell in Monday's session to close in the red.

  • 14:31 IST

    Coal India shares decline

    Coal India shares fell 1.2% to the day's low of Rs 202.45 after the company reported weak November production and sales figures. Coal India's November production was down 3.9% at 50.02 MT, while its offtake was down 7.6% at 47.37 MT, YoY.

     

  • 14:31 IST: Coal India shares fell 1.2% to the day's low of Rs 202.45 after the company reported weak November production and sales figures. Coal India's November production was down 3.9% at 50.02 MT, while its offtake was down 7.6% at 47.37 MT, YoY.

     

  • 14:29 IST

    Global Market Update

    The European market opened on a positive note on Monday, with FTSE, CAC and DAX Index gaining 0.3% each. In the meanwhile, US Futures gained 86 points or 0.3%.  

    Asian markets remained strong, with Nikkei and Hong Kong Index gaining 1% and 0.3% after China announced better than expected Manufacturing PMI data and hoped to reduce trade tension between the US and China. 

  • 14:29 IST: The European market opened on a positive note on Monday, with FTSE, CAC and DAX Index gaining 0.3% each. In the meanwhile, US Futures gained 86 points or 0.3%.  

    Asian markets remained strong, with Nikkei and Hong Kong Index gaining 1% and 0.3% after China announced better than expected Manufacturing PMI data and hoped to reduce trade tension between the US and China. 

  • 14:21 IST

    Cadila Health shares rises marginally on merger

    Cadila Health shares rose 1.3% to the intraday high of Rs 257.85 after the company board approved the merger of 4 of its subsidiaries, namely Zydus Tech, Alidac, Liva and Dialforhealth with itself.

     

  • 14:21 IST: Cadila Health shares rose 1.3% to the intraday high of Rs 257.85 after the company board approved the merger of 4 of its subsidiaries, namely Zydus Tech, Alidac, Liva and Dialforhealth with itself.

     

  • 14:16 IST

    Hero MotoCorp share price declines over 1%

    Hero MotoCorp shares traded 1.2% lower at Rs 2,402 on BSE after the auto maker posted weak monthly slaes figures. Hero MotoCorp's total November sales stood at 5.16 lakh units compared to 6.15 lakh units recorded in Nov month last year, registerimg a fall of 15.3%

     

  • 14:16 IST: Hero MotoCorp shares traded 1.2% lower at Rs 2,402 on BSE after the auto maker posted weak monthly slaes figures. Hero MotoCorp's total November sales stood at 5.16 lakh units compared to 6.15 lakh units recorded in Nov month last year, registerimg a fall of 15.3%

     

  • 14:09 IST

    Exchanges suspend Karvy Stock Broking's trading licence

    Exchange bourses, NSE, BSE, MCX and MSE have suspended the trading licence for all segments of the brokerage firm, Karvy Stock Broking Limited on back of non-compliance of the regulatory provisions of the exchange.

    Besides barring the firm from taking on new clients, SEBI has limited its use of Power of Attorney (POA) for its existing clients, for the limited purpose of transfer of securities to the pool account from Demat accounts for settling clients’ pay-in obligations to the exchanges.

    The market regulator has additionally directed the depositories namely CSDL and NSDL to monitor the movement of securities in order to ensure that the client operations are not affected.

  • 14:09 IST: Exchange bourses, NSE, BSE, MCX and MSE have suspended the trading licence for all segments of the brokerage firm, Karvy Stock Broking Limited on back of non-compliance of the regulatory provisions of the exchange.

    Besides barring the firm from taking on new clients, SEBI has limited its use of Power of Attorney (POA) for its existing clients, for the limited purpose of transfer of securities to the pool account from Demat accounts for settling clients’ pay-in obligations to the exchanges.

    The market regulator has additionally directed the depositories namely CSDL and NSDL to monitor the movement of securities in order to ensure that the client operations are not affected.

  • 13:51 IST

    TVS Motor declines 3%

    TVS Motor company's total sales come in at 2.66 lakh units for November month as against 3.20 lakh units reported in the same moth last year, registering a drop of 16.7%.


    Following the announcement, share price of TVS Motors has declined 3.17% to the intraday low of Rs 461.9 on the BSE.

  • 13:51 IST: TVS Motor company's total sales come in at 2.66 lakh units for November month as against 3.20 lakh units reported in the same moth last year, registering a drop of 16.7%.


    Following the announcement, share price of TVS Motors has declined 3.17% to the intraday low of Rs 461.9 on the BSE.

  • 13:38 IST

    SML Isuzu rises 1.5%

    Share price of SML Isuzu rose 1.5% to the day's high of Rs 529.60 after the auto maker reported a 24.3% drop in total sales for November, at 521 units compared to 688 units sold in a year ago period.

     

  • 13:38 IST: Share price of SML Isuzu rose 1.5% to the day's high of Rs 529.60 after the auto maker reported a 24.3% drop in total sales for November, at 521 units compared to 688 units sold in a year ago period.

     

  • 13:34 IST

    Suven Life Sciences' share price plunges 20%


    Suven Life Sciences share price declined 19.6% to the intraday low of Rs 253.1 on Monday after the pharmaceuticals firm announced it did not meet the pre-specified primary endpoint in proof of concept (PoC) phase two study of evaluating the efficacy, safety and tolerability of Masupirdine (SUVN-502).

    “We are very disappointed with the outcome of this trial but the findings present an important step forward in further exploration of the potential therapeutic effects of Masupirdine (SUVN-502) in Alzheimer's Disease (AD) and Behavioral & Psychological Symptoms in Dementia (BPSD),” Venkat Jasti, CEO of Suven said.

    "We will work with regulators and potential partnering companies in the design and conduct of future studies for further exploration of the potential of Masupirdine (SUVN-502)," he added.


     

  • 13:34 IST:
    Suven Life Sciences share price declined 19.6% to the intraday low of Rs 253.1 on Monday after the pharmaceuticals firm announced it did not meet the pre-specified primary endpoint in proof of concept (PoC) phase two study of evaluating the efficacy, safety and tolerability of Masupirdine (SUVN-502).

    “We are very disappointed with the outcome of this trial but the findings present an important step forward in further exploration of the potential therapeutic effects of Masupirdine (SUVN-502) in Alzheimer's Disease (AD) and Behavioral & Psychological Symptoms in Dementia (BPSD),” Venkat Jasti, CEO of Suven said.

    "We will work with regulators and potential partnering companies in the design and conduct of future studies for further exploration of the potential of Masupirdine (SUVN-502)," he added.


     

  • 12:45 IST

    Market Update

    Share Market Today: BSE Sensex currently trades mere 9 points higher at 40,803 level and NSE Nifty trades flat at 12,056. In terms of sector-based indices, media and metal indices traded marginally higher, while all the other indices traded in red today, with over 1% fall in pharma and IT scrips.

  • 12:45 IST: Share Market Today: BSE Sensex currently trades mere 9 points higher at 40,803 level and NSE Nifty trades flat at 12,056. In terms of sector-based indices, media and metal indices traded marginally higher, while all the other indices traded in red today, with over 1% fall in pharma and IT scrips.

  • 12:37 IST

    RBL Bank falls nearly 3%

    RBL Bank shares fell 2.93% to the intraday low of Rs 362.85 after the lender announced that  it will raise Rs 825.8 crore through the private placement of shares. The bank will issue 24,238,310 shares at a price of Rs 340.7 per share.

    As per the lender's filing, Bajaj Finance and East Bridge Capital Master Fund will get 44 lakh shares. FEG Mauritius will receive 25 lakh shares, lshana Capital Master Fund will receive 63 lakh shares (1.39 percent) and WF Asian Reconnaissance Fund will receive 65 lakh shares.

     

  • 12:37 IST: RBL Bank shares fell 2.93% to the intraday low of Rs 362.85 after the lender announced that  it will raise Rs 825.8 crore through the private placement of shares. The bank will issue 24,238,310 shares at a price of Rs 340.7 per share.

    As per the lender's filing, Bajaj Finance and East Bridge Capital Master Fund will get 44 lakh shares. FEG Mauritius will receive 25 lakh shares, lshana Capital Master Fund will receive 63 lakh shares (1.39 percent) and WF Asian Reconnaissance Fund will receive 65 lakh shares.

     

  • 12:15 IST

    YES Bank shares decline 7.6%

    Shares of YES Bank opened at Rs 70, but later fell 7.6% to the intraday low of Rs 63.10 in  early trade on Monday after the private sector lender announced it has decided to raise up to $2 billion through preferential allotment of shares from several investors.  YES Bank stock has fallen 2.64% in the last 2 sessions.

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  • 12:15 IST: Shares of YES Bank opened at Rs 70, but later fell 7.6% to the intraday low of Rs 63.10 in  early trade on Monday after the private sector lender announced it has decided to raise up to $2 billion through preferential allotment of shares from several investors.  YES Bank stock has fallen 2.64% in the last 2 sessions.

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  • 11:08 IST

    Ujjivan Small Finance Bank IPO details

    Ujjivan Small Finance Bank (USFB) initial public offering (IPO) is all set to hit the Dalal Street today and closes for subscription by December 4 (Wednesday). The lender is aiming to raise Rs 750 crore through the IPO, so as to bolster its Tier-I capital base to meet its future capital requirements, as per objectives defined by the company. Price band for the IPO has been fixed at Rs 36-Rs 37.

    Read more

     

  • 11:08 IST: Ujjivan Small Finance Bank (USFB) initial public offering (IPO) is all set to hit the Dalal Street today and closes for subscription by December 4 (Wednesday). The lender is aiming to raise Rs 750 crore through the IPO, so as to bolster its Tier-I capital base to meet its future capital requirements, as per objectives defined by the company. Price band for the IPO has been fixed at Rs 36-Rs 37.

    Read more

     

  • 11:05 IST

    RBI likely to cut interest rate

    The Reserve Bank is likely to cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year low on slump in manufacturing, bankers and experts said. Also, the lower GDP growth means a rate cut is on the horizon to stimulate the economy on the course of a recovery.

  • 11:05 IST: The Reserve Bank is likely to cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year low on slump in manufacturing, bankers and experts said. Also, the lower GDP growth means a rate cut is on the horizon to stimulate the economy on the course of a recovery.

  • 10:56 IST

    Rupee opens lower

    Rupee, the local currency opened at 71.78 per US dollar, against the Friday's close of 71.74 per dollar amid increased demand for American currency and higher crude oil prices.

     

  • 10:56 IST: Rupee, the local currency opened at 71.78 per US dollar, against the Friday's close of 71.74 per dollar amid increased demand for American currency and higher crude oil prices.

     

  • 10:46 IST

    Market Update

    Market turned flat amid weak domestic cues. Quarterly GDP growth figures for the second quarter of this fiscal (July-September 2019) showed GDP falling to 6-year low at 4.5%. This coupled with weak auto monthly sales growth confirmed fears of a deepening slowdown in the economy and kept investors sentiments weak.

     

  • 10:46 IST: Market turned flat amid weak domestic cues. Quarterly GDP growth figures for the second quarter of this fiscal (July-September 2019) showed GDP falling to 6-year low at 4.5%. This coupled with weak auto monthly sales growth confirmed fears of a deepening slowdown in the economy and kept investors sentiments weak.

     

  • 10:33 IST

    Market Today

    Share Market Today: Domestic equity market erased early gains to trade on a flat-to-positive on Monday, backed by heavy selling pressure across the sector-based indices and weak economic data reported last week. Sensex now trades merely 40 points higher at 40,835 and Nifty trades at 12,065, rising 9 points higher against the previous close.

    Top gainers in the first hour of session Monday are namely Bharti Airtel, Grasim, Reliance Industries, Bharti Infratel and Zee Entertainment. The worst performers today are Bajaj Finance, Tech Mahindra, Eicher Motors, Bajaj Finserv and Dr Reddy.

  • 10:33 IST: Share Market Today: Domestic equity market erased early gains to trade on a flat-to-positive on Monday, backed by heavy selling pressure across the sector-based indices and weak economic data reported last week. Sensex now trades merely 40 points higher at 40,835 and Nifty trades at 12,065, rising 9 points higher against the previous close.

    Top gainers in the first hour of session Monday are namely Bharti Airtel, Grasim, Reliance Industries, Bharti Infratel and Zee Entertainment. The worst performers today are Bajaj Finance, Tech Mahindra, Eicher Motors, Bajaj Finserv and Dr Reddy.

  • 10:27 IST

    Auto stocks under pressure

    Auto stocks witnessed selling following the November monthly data announcement.

    Where Maruti reported monthly sales volume at 1,39,133 units, dropping 3.3% on a yearly basis. Eicher Motors reported yearly fall by 8% by producing 65,744 units.

    This was followed by 71,050 units reported by M&M registering a fall of 12% YoY. Tata Motors November domestic sales down 25% at 41,124 units. Hyundai Motor India Ltd's domestic sales were up 2 per cent at 44,600 units as against 43,709 units in November 2018.

    Honda Cars on Sunday reported a 50% decline in its domestic car sales to 6,459 units for the month of November.

    While M&M and Tata Motors share price traded marginally higher on Nifty Auto, that traded 0.42% lower, shares of Eicher Motors fell the most, at 2.28% decline, followed by nearly 1% fall in Maruti stock price. Honda Seil Products traded 1.48% lower.

  • 10:27 IST: Auto stocks witnessed selling following the November monthly data announcement.

    Where Maruti reported monthly sales volume at 1,39,133 units, dropping 3.3% on a yearly basis. Eicher Motors reported yearly fall by 8% by producing 65,744 units.

    This was followed by 71,050 units reported by M&M registering a fall of 12% YoY. Tata Motors November domestic sales down 25% at 41,124 units. Hyundai Motor India Ltd's domestic sales were up 2 per cent at 44,600 units as against 43,709 units in November 2018.

    Honda Cars on Sunday reported a 50% decline in its domestic car sales to 6,459 units for the month of November.

    While M&M and Tata Motors share price traded marginally higher on Nifty Auto, that traded 0.42% lower, shares of Eicher Motors fell the most, at 2.28% decline, followed by nearly 1% fall in Maruti stock price. Honda Seil Products traded 1.48% lower.

  • 10:14 IST

    FII bullish for Nov month


    Foreign investors remained net buyers in the Indian capital market for the third straight month in November, putting in Rs 22,872 crore on net basis during the month, according to depositories data.  A net sum of Rs 25,230 crore was flowed into equities by FPIs in November. FPIs had invested a net sum of Rs 16,037.6 crore in October and Rs 6,557.8 crore in September.

    Although FIIs turned net sellers on last Friday with net selling logged at Rs 1892 crore.

    Read more

  • 10:14 IST:
    Foreign investors remained net buyers in the Indian capital market for the third straight month in November, putting in Rs 22,872 crore on net basis during the month, according to depositories data.  A net sum of Rs 25,230 crore was flowed into equities by FPIs in November. FPIs had invested a net sum of Rs 16,037.6 crore in October and Rs 6,557.8 crore in September.

    Although FIIs turned net sellers on last Friday with net selling logged at Rs 1892 crore.

    Read more

  • 10:12 IST

    Telecom shares climb higher

    On Monday, telecom shares traded higher, following reports that three telecom majors namely Reliance Industries, Bharti Airtel and Vodafone Idea plan to raise the mobile calls and data charges across its pre-paid services.

    The telecom operator's announcement comes following the Supreme Court's (SC) ruling on adjusted gross revenue (AGR). Airtel took a staggering hit of Rs 23,045 loss in Q2 loss ending September 30 due to provisioning of Rs 28,450 crore in the aftermath of the SC's judgement.

    Where Reliance Jio has announced a hike in mobile tariffs by up to 40% to applicable from December 6, Vodafone-Idea plans to raise the mobile calls and data charges by around 20% across its pre-paid services from December 3. Similarly, Airtel said in a statement," "Airtel's new plans, represent tariff increases in the range of a mere 50 paise per day to Rs 2.85 per day and offer generous data and calling benefits," it added.

    Vodafone Idea shares rose 23.57% to day's high of Rs 8.44. This was followed by 9.82% rise in Airtel shares to a new 52 week high of Rs 485.75 today. Shares of Reliance Jio parent RIL too rose 4.07% to a new 52 week high of Rs 1,614 today.

    Read more

  • 10:12 IST: On Monday, telecom shares traded higher, following reports that three telecom majors namely Reliance Industries, Bharti Airtel and Vodafone Idea plan to raise the mobile calls and data charges across its pre-paid services.

    The telecom operator's announcement comes following the Supreme Court's (SC) ruling on adjusted gross revenue (AGR). Airtel took a staggering hit of Rs 23,045 loss in Q2 loss ending September 30 due to provisioning of Rs 28,450 crore in the aftermath of the SC's judgement.

    Where Reliance Jio has announced a hike in mobile tariffs by up to 40% to applicable from December 6, Vodafone-Idea plans to raise the mobile calls and data charges by around 20% across its pre-paid services from December 3. Similarly, Airtel said in a statement," "Airtel's new plans, represent tariff increases in the range of a mere 50 paise per day to Rs 2.85 per day and offer generous data and calling benefits," it added.

    Vodafone Idea shares rose 23.57% to day's high of Rs 8.44. This was followed by 9.82% rise in Airtel shares to a new 52 week high of Rs 485.75 today. Shares of Reliance Jio parent RIL too rose 4.07% to a new 52 week high of Rs 1,614 today.

    Read more

  • 09:52 IST

    Mukesh Ambani's Jio likely to win Reliance Infra's tower


    Mukesh Ambani-led Reliance Jio has reportedly emerged as the highest bidder for mobile tower and optical fibre assets of Reliance Infratel by placing bids of around Rs 3,600 crore. This was followed by Rs 1,800 crore bid pulled by Bharti Airtel

    "Reliance Infratel's tower and fibre is likely to go to Reliance Jio as its bid of Rs 3,600 crore is the highest and the company has committed to make the payment in 60 days. Bharti Airtel has placed a bid of Rs 1,800 crore for the same," a banking source said.

    Read more

  • 09:52 IST:
    Mukesh Ambani-led Reliance Jio has reportedly emerged as the highest bidder for mobile tower and optical fibre assets of Reliance Infratel by placing bids of around Rs 3,600 crore. This was followed by Rs 1,800 crore bid pulled by Bharti Airtel

    "Reliance Infratel's tower and fibre is likely to go to Reliance Jio as its bid of Rs 3,600 crore is the highest and the company has committed to make the payment in 60 days. Bharti Airtel has placed a bid of Rs 1,800 crore for the same," a banking source said.

    Read more

  • 09:50 IST

    DHFL falls 5%

    DHFL shares fell nearly 5% to lower circuit on Monday following reports that Reserve Bank of India (RBI) on Friday filed insolvency application against cash-strapped Housing Finance Corporation (HFC) at Mumbai bench of the National Company Law Tribunal (NCLT).

    The central bank has filed an application for initiation of corporate insolvency resolution process against DHFL under Section 227 of the Insolvency and Bankruptcy Code (IBC), 2016," RBI said in a press release.

    Shares of DHFL fell 4.8% to the intraday low of Rs 19.70 on BSE, compared to the previous closing price of Rs 20.70.

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  • 09:50 IST: DHFL shares fell nearly 5% to lower circuit on Monday following reports that Reserve Bank of India (RBI) on Friday filed insolvency application against cash-strapped Housing Finance Corporation (HFC) at Mumbai bench of the National Company Law Tribunal (NCLT).

    The central bank has filed an application for initiation of corporate insolvency resolution process against DHFL under Section 227 of the Insolvency and Bankruptcy Code (IBC), 2016," RBI said in a press release.

    Shares of DHFL fell 4.8% to the intraday low of Rs 19.70 on BSE, compared to the previous closing price of Rs 20.70.

    Read more

     

  • 09:41 IST

    Sectors Today

    On the sectoral front, except media that traded 1.11% up, all the other sector-based indices traded marginally in the red on Monday.

     

  • 09:41 IST: On the sectoral front, except media that traded 1.11% up, all the other sector-based indices traded marginally in the red on Monday.

     

  • 09:38 IST

    Global Market Update

    Oil prices rebounded, tracking global shares that traded higher on Monday.

    Hang Seng coupled with Shanghai Composite were strongly bullish, followed by Nikkie, KOSPI, Straits Times and Taiwan index that traded marginally positive. MSCI's index of Asia-Pacific shares outside Japan was up 0.17%. U.S. stock futures gained 0.31% to near record highs.

    Brent crude futures too rose 1.16% to $61.19 a barrel.

     

  • 09:38 IST: Oil prices rebounded, tracking global shares that traded higher on Monday.

    Hang Seng coupled with Shanghai Composite were strongly bullish, followed by Nikkie, KOSPI, Straits Times and Taiwan index that traded marginally positive. MSCI's index of Asia-Pacific shares outside Japan was up 0.17%. U.S. stock futures gained 0.31% to near record highs.

    Brent crude futures too rose 1.16% to $61.19 a barrel.

     

  • 09:34 IST

    FII back to negative, DII turn positive

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned negative with net selling logged at Rs 1,892.29 crore from Indian equities while domestic institutional investors (DIIs) bought Rs 953.62 crore on Friday last week.

     

  • 09:34 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned negative with net selling logged at Rs 1,892.29 crore from Indian equities while domestic institutional investors (DIIs) bought Rs 953.62 crore on Friday last week.

     

  • 09:33 IST

    Opening bell

    Market has opened on a bullish note Monday, tracking strong Asian equities, BSE Sensex trades 130 points higher at 40,924 and NSE Nifty trades 33 points higher at 12,089 level.

  • 09:33 IST: Market has opened on a bullish note Monday, tracking strong Asian equities, BSE Sensex trades 130 points higher at 40,924 and NSE Nifty trades 33 points higher at 12,089 level.

  • 09:30 IST

    Last Close

    On Friday, equity benchmark indices Sensex and Nifty fell 0.80% each by the closing bell, ahead of GDP data release amid weak global equities. On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close.

    Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks.

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  • 09:30 IST: On Friday, equity benchmark indices Sensex and Nifty fell 0.80% each by the closing bell, ahead of GDP data release amid weak global equities. On the November F&O expiry day, Sensex closed 336 points lower at 40,793 and Nifty ended the day's trade at 12,056, declining 95 points lower against the last close.

    Barring realty, all the other sector-based indices closed in red, with 2-2.5% decline registered in media and PSU banking scrips, and over 1% fall in pharma, metal, FMCG and auto stocks.

    Read more