Indices ended August series of Futures and Options (F&O) above 37,000 level at the S&P BSE Sensex, but below the psychological mark of 11,000 at the Nifty50. Markets remained choppy as fears of an impending global recession and worsening US-China trade relations marred investor sentiment.
The benchmark Sensex closed at 37,069 level, down 383 points or 1.02 per cent, dragged by public sector banks. Sun Pharma, Vedanta, NTPC, and ONGC were among the nine stocks that settled in the green, while State Bank of India (SBI), YES Bank, HDFC, and Axis Bank ended the day as top drags. The broader Nifty50, on the other hand, closed at 10,948-mark, down 98 points or 0.89 per cent.
Domestic investors also remained cautious ahead of GDP data for the April-June quarter (Q1FY20) due on Friday. According to a Reuters poll, Indian economy is set for weakest quarter of growth in five years. The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.
Sectorally, Nifty PSU Bank index ended 2.5 per cent lower, followed by Nifty Financial Services index (down 1.7 per cent), and Nifty Bank index (down 1.6 per cent). Among the gainers, Nifty Pharma index closed 2.24 per cent higher, followed by Nifty Metal, up 1.4 per cent.
In the broader market, the S&P BSE MidCap index slipped 22 points or 0.17 per cent to settle at 13,333 level. Meanwhile, the S&P BSE SmallCap index closed 78 points, or 0.62 per cent, lower at 12,430.
BUZZING STOCKS
Shares of Indiabulls Housing Finance cracked as much as 8 per cent on the National Stock Exchange (NSE) in the intra-day trade after the exchange announced that the company will be excluded from the benchmark index Nifty50, with effect from September 27. The stock eventually closed 0.35 per cent lower at Rs 455 apiece. READ MORE
On the flip side, Berger Paints hit a new high of Rs 372, up one per cent on the BSE on hopes of strong volume growth in decorative segment. It settled 1.04 per cent higher at Rs 370 per share. READ MORE
Click here for more buzzing stocks
GLOBAL CUES
Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:39 PM
Sectoral losers and gainers on the NSE
03:39 PM
Losers and gainers on the S&P BSE Sensex
03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 383 points or 1.02 per cent to settle at 37,069 while NSE's Nifty50 index slipped below the crucial 11,000-mark to end at 10,948 level.
03:25 PM
Colgate Palmolive gains 3.5%
03:19 PM
Tata Elxsi declines 3%
03:14 PM
Edelweiss Securities on PVR
We remain enthused by PVR’s screen expansion plan and innovation focus. Key risks to our call are Jio’s digital release service; and aggression of OTTs. We retain our TM of 30x earnings per share (EPS) yielding a target price (TP) of Rs 2,040. We maintain 'BUY/SO’. At CMP, the stock is trading at ~43x/29x FY20/FY21E EPS (post Ind AS 116 adjustment); ex of Ind AS 116 the stock is trading at ~31x/22x FY20/21E EPS.
03:11 PM
Market check
02:59 PM
Rupee Check | Trading near day's high
Source: Bloomberg
02:53 PM
Buzzing | NCC slips 6%
02:42 PM
Indiabulls Housing Finance off day's low
02:29 PM
Global markets check
Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent. On Wall Street, the S&P 500 gained 0.65% on Wednesday due in part to gains in the energy sector following a rebound in oil prices. But U.S. stock futures lost 0.2 per cent in Asia.
global market rout, world stocks, global stocks
02:27 PM
Stimulus package not enough to stop auto sector decline: Fitch Solutions
The package unveiled, the first of three planned stimulus packages, includes a reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of goods and services tax (GST). READ MORE
02:13 PM
Stocks that hit 52-week low on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK LOW CHG(RS) CHG(%)
ADVANCE. ENZYME. 145.30 142.00 -4.60 -3.07
ERIS LIFESCIENCE 370.15 357.80 -5.20 -1.39
GAYATRI PROJECTS 108.95 103.10 0.00 0.00
GODREJ INDS. 422.50 420.75 -3.25 -0.76
INDIABULLS HOUS. 434.45 421.10 -22.60 -4.94
» More on 52 Week Low
02:00 PM
NEWS ALERT | Govt's determination to sell Air India remains undiluted: Hardeep Singh Puri, MoS, Civil Aviation Ministry
-- Govt should not be in the airlines' business
-- There is buyers' interest in Air India
-- Cabinet Secy level discussions have taken place for Air India; AI panel to meet soon
-- Will find best deal for Air India
(As reported by CNBC TV18)
01:54 PM
Biocon up 3%
01:49 PM
NEWS ALERT | Zerodha servers' issue resolved
Zerodha
✔
@zerodhaonline
The issue with order placement is now resolved and you can now place fresh orders. https://twitter.com/zerodhaonline/status/1166932587324952576 …
Zerodha
✔
@zerodhaonline
We're experiencing difficulties placing orders with our OMS. We're investigating the issue.
47
10:50 AM - Aug 29, 2019
Twitter Ads info and privacy
439 people are talking about this
01:47 PM
NEWS ALERT | Employees' union of Muthoot Fin declares indefinite strike in Kerala from Aug 20
-- Employees are unable to open branches because of the threats or forcible closure by the Union
Alert: CITU is the employees' union
CITU is Non-Banking & Private Finance Employees Association
CITU is affiliated to Communist Party of India-Marxist (CPI-M)
Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed.
(VIa BSE Filing)
01:44 PM
Nifty sectoral indices at this hour
01:37 PM
NEWS ALERT | Working on relief measures for homebuyers; announcement likely in next few days: Hardeep Singh Puri
01:36 PM
NEWS ALERT | Cement Cos to up 50-Kg bag price by Rs 40-50 in Andhra & Telangana from Monday: BTVi quoting agencies
-- Ramco Cements, JSW Cement, Sagar Cements, Orient Cement to hike price in Andhra, Telangana
01:32 PM
NEWS ALERT | DFS Secy likely to hold meeting with PSBs to review steps taken to boost growth: BTVi
-- SBI, IDBI Bank among others likely to be part of the meeting
-- May also review recapitalisation requirements of state-run banks
-- DFS Secy may also assess status of banks linking lending rate to repo rate
Alert: DFS is Department of Financial Services
01:25 PM
Nifty Private Bank index is trading 1% lower
01:16 PM
Balaji Telefilms dips 6%
01:02 PM
Lemon Tree Hotels under pressure, tumbles 12% after block deal
Shares of Lemon Tree Hotels tumbled as much as 12 per cent in the intra-day trade to quote at Rs 50 apiece on the BSE on Thursday after more than 30 million equity shares of the company changed hands via block deals.
Around 31 million shares, representing 7 per cent of the total equity of Lemon Tree Hotels, changed hands on the BSE, the exchange data shows. The name of buyers and sellers, however, could not be ascertained immediately. READ MORE
12:53 PM
NEWS ALERT | Open to taking small piece of equity in Jet Airways to provide support if required: Anil Agarwal of Vedanta to CNBC TV18
12:50 PM
Market check
12:49 PM
Market check | Sensex recovers partially
12:42 PM
Allahabad Bank trades over 3% lower
12:32 PM
NEWS ALERT | Zerodha servers go down for an hour with F&O traders unable to place fresh orders.
-- The outage has hit traders who were carrying positions from previous day and have placed new bets today.
12:20 PM
Market check | Sensex down 400 pts
The benchmark Sensex closed at 37,069 level, down 383 points or 1.02 per cent, dragged by public sector banks. Sun Pharma, Vedanta, NTPC, and ONGC were among the nine stocks that settled in the green, while State Bank of India (SBI), YES Bank, HDFC, and Axis Bank ended the day as top drags. The broader Nifty50, on the other hand, closed at 10,948-mark, down 98 points or 0.89 per cent.
Domestic investors also remained cautious ahead of GDP data for the April-June quarter (Q1FY20) due on Friday. According to a Reuters poll, Indian economy is set for weakest quarter of growth in five years. The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.
Sectorally, Nifty PSU Bank index ended 2.5 per cent lower, followed by Nifty Financial Services index (down 1.7 per cent), and Nifty Bank index (down 1.6 per cent). Among the gainers, Nifty Pharma index closed 2.24 per cent higher, followed by Nifty Metal, up 1.4 per cent.
In the broader market, the S&P BSE MidCap index slipped 22 points or 0.17 per cent to settle at 13,333 level. Meanwhile, the S&P BSE SmallCap index closed 78 points, or 0.62 per cent, lower at 12,430.
BUZZING STOCKS
Shares of Indiabulls Housing Finance cracked as much as 8 per cent on the National Stock Exchange (NSE) in the intra-day trade after the exchange announced that the company will be excluded from the benchmark index Nifty50, with effect from September 27. The stock eventually closed 0.35 per cent lower at Rs 455 apiece. READ MORE
On the flip side, Berger Paints hit a new high of Rs 372, up one per cent on the BSE on hopes of strong volume growth in decorative segment. It settled 1.04 per cent higher at Rs 370 per share. READ MORE
Click here for more buzzing stocks
GLOBAL CUES
Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:39 PM
Sectoral losers and gainers on the NSE
03:39 PM
Losers and gainers on the S&P BSE Sensex
03:36 PM
CLOSING BELL
The S&P BSE Sensex lost 383 points or 1.02 per cent to settle at 37,069 while NSE's Nifty50 index slipped below the crucial 11,000-mark to end at 10,948 level.
03:25 PM
Colgate Palmolive gains 3.5%
03:19 PM
Tata Elxsi declines 3%
03:14 PM
Edelweiss Securities on PVR
We remain enthused by PVR’s screen expansion plan and innovation focus. Key risks to our call are Jio’s digital release service; and aggression of OTTs. We retain our TM of 30x earnings per share (EPS) yielding a target price (TP) of Rs 2,040. We maintain 'BUY/SO’. At CMP, the stock is trading at ~43x/29x FY20/FY21E EPS (post Ind AS 116 adjustment); ex of Ind AS 116 the stock is trading at ~31x/22x FY20/21E EPS.
03:11 PM
Market check
02:59 PM
Rupee Check | Trading near day's high
Source: Bloomberg
02:53 PM
Buzzing | NCC slips 6%
02:42 PM
Indiabulls Housing Finance off day's low
02:29 PM
Global markets check
Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed 0.07 per cent. On Wall Street, the S&P 500 gained 0.65% on Wednesday due in part to gains in the energy sector following a rebound in oil prices. But U.S. stock futures lost 0.2 per cent in Asia.
global market rout, world stocks, global stocks
02:27 PM
Stimulus package not enough to stop auto sector decline: Fitch Solutions
The package unveiled, the first of three planned stimulus packages, includes a reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of goods and services tax (GST). READ MORE
02:13 PM
Stocks that hit 52-week low on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK LOW CHG(RS) CHG(%)
ADVANCE. ENZYME. 145.30 142.00 -4.60 -3.07
ERIS LIFESCIENCE 370.15 357.80 -5.20 -1.39
GAYATRI PROJECTS 108.95 103.10 0.00 0.00
GODREJ INDS. 422.50 420.75 -3.25 -0.76
INDIABULLS HOUS. 434.45 421.10 -22.60 -4.94
» More on 52 Week Low
02:00 PM
NEWS ALERT | Govt's determination to sell Air India remains undiluted: Hardeep Singh Puri, MoS, Civil Aviation Ministry
-- Govt should not be in the airlines' business
-- There is buyers' interest in Air India
-- Cabinet Secy level discussions have taken place for Air India; AI panel to meet soon
-- Will find best deal for Air India
(As reported by CNBC TV18)
01:54 PM
Biocon up 3%
01:49 PM
NEWS ALERT | Zerodha servers' issue resolved
Zerodha
✔
@zerodhaonline
The issue with order placement is now resolved and you can now place fresh orders. https://twitter.com/zerodhaonline/status/1166932587324952576 …
Zerodha
✔
@zerodhaonline
We're experiencing difficulties placing orders with our OMS. We're investigating the issue.
47
10:50 AM - Aug 29, 2019
Twitter Ads info and privacy
439 people are talking about this
01:47 PM
NEWS ALERT | Employees' union of Muthoot Fin declares indefinite strike in Kerala from Aug 20
-- Employees are unable to open branches because of the threats or forcible closure by the Union
Alert: CITU is the employees' union
CITU is Non-Banking & Private Finance Employees Association
CITU is affiliated to Communist Party of India-Marxist (CPI-M)
Out of 623 branches in Kerala, 265 were opened for transactions today of which 15 branches have been forcibly closed. Yesterday, 224 branches were opened for transactions of which 47 were forcibly closed.
(VIa BSE Filing)
01:44 PM
Nifty sectoral indices at this hour
01:37 PM
NEWS ALERT | Working on relief measures for homebuyers; announcement likely in next few days: Hardeep Singh Puri
01:36 PM
NEWS ALERT | Cement Cos to up 50-Kg bag price by Rs 40-50 in Andhra & Telangana from Monday: BTVi quoting agencies
-- Ramco Cements, JSW Cement, Sagar Cements, Orient Cement to hike price in Andhra, Telangana
01:32 PM
NEWS ALERT | DFS Secy likely to hold meeting with PSBs to review steps taken to boost growth: BTVi
-- SBI, IDBI Bank among others likely to be part of the meeting
-- May also review recapitalisation requirements of state-run banks
-- DFS Secy may also assess status of banks linking lending rate to repo rate
Alert: DFS is Department of Financial Services
01:25 PM
Nifty Private Bank index is trading 1% lower
01:16 PM
Balaji Telefilms dips 6%
01:02 PM
Lemon Tree Hotels under pressure, tumbles 12% after block deal
Shares of Lemon Tree Hotels tumbled as much as 12 per cent in the intra-day trade to quote at Rs 50 apiece on the BSE on Thursday after more than 30 million equity shares of the company changed hands via block deals.
Around 31 million shares, representing 7 per cent of the total equity of Lemon Tree Hotels, changed hands on the BSE, the exchange data shows. The name of buyers and sellers, however, could not be ascertained immediately. READ MORE
12:53 PM
NEWS ALERT | Open to taking small piece of equity in Jet Airways to provide support if required: Anil Agarwal of Vedanta to CNBC TV18
12:50 PM
Market check
12:49 PM
Market check | Sensex recovers partially
12:42 PM
Allahabad Bank trades over 3% lower
12:32 PM
NEWS ALERT | Zerodha servers go down for an hour with F&O traders unable to place fresh orders.
-- The outage has hit traders who were carrying positions from previous day and have placed new bets today.
12:20 PM
Market check | Sensex down 400 pts
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