Benchmark indices were trading lower on Thursday ahead of the expiry of January series derivative contracts.
The S&P BSE Sensexdipped 145 points, or 0.35 per cent, to 41,050 levels. Reliance Industries, Tata Steel, and IndusInd Bank (all down 1%) were the top laggards in the Sensex pack. On the other hand, NTPC gained 1 per cent.
The broader Nifty50 index dipped 50 points, or 0.4 per cent, to Rs 12,080 levels.
All the Nifty sectoral indices, except Nifty Realty index, were trading in the red. Nifty Metal index, down 0.8 per cent, bled the most, while Nifty Pharma and Nifty Bank indexes, both down 0.5 per cent, also slipped.
In the broader market, the S&P BSE MidCap index was trading 15 points lower while the S&P BSE SmallCap index was down 23 points.
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11:21 AM
India's gold demand expected to rebound from 3 year low: World Gold Council
India's gold demand is expected to rebound in 2020 as the government seeks to bolster consumer confidence and spending power to revive Asia's third-biggest economy, the World Gold Council (WGC) said on Thursday. A rise in consumption by the world's second-biggest gold buyer would further boost global prices, which scaled a near seven-year high earlier this month, but could widen India's trade deficit and pressure the rupee. READ MORE
gold
11:18 AM
NEWS ALERT | L&T constructions bags order for water treatment project in the range of Rs 2,500-5,000 cr: BSE filing
The Water & Effluent Treatment Business of L&T Construction has secured a EPC order from Narmada Valley Development Authority (NVDA), Government of Madhya Pradesh to execute the Indira Sagar - Parwati Phase III Et IV Lift Micro Irrigation Project.
11:15 AM
Emami Ltd slides 5%
11:14 AM
Market check | Weakness in markets ahead of F&O expiry today
11:03 AM
Aurobindo Pharma plunges 8% as USFDA classifies oral solids plant as OAI
The drug company in exchange filing said it has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at the aforesaid facility as OAI.
The USFDA, that had conducted a Current Good Manufacturing Practice (cGMP) inspection at the company’s Unit 7 an oral solids formulation manufacturing facility from September 19-27, 2019, issued 7 observations to the drug maker. READ MORE
10:52 AM
Tata Motors Q3 preview: Automaker may return to profit on better JLR show
As per the monthly sales data, Tata Motors' domestic sales volume (MHCV + PV) declined 25 per cent year-on-year (YoY) to 1.3 lakh units while JLR volumes are expected at 1.43 lakh units, up 1.3 per cent YoY. Analysts at ICICI Securities expect Tata Motors to report 2.3 per cent YoY dip in revenues at Rs 75,252.4 crore, while profit after tax (PAT) is seen at Rs 766.5 crore, largely due to sequential growth in volumes and benign raw material costs. READ MORE
10:37 AM
IndiGo slips 2% after shareholders reject Gangwal's special proposal at EGM
Shares of InterGlobe Aviation -- the parent company of IndiGo airlines -- skid 2 per cent to Rs 1,432 on the BSE on Thursday after the airiline's Board rejected the special resolution proposed by IndiGo co-promoter Rakesh Gangwal at the Extraordinary General Meeting (EGM) held Wednesday. The resolution sought to relax rules on the sale and purchase of shares by its main shareholders making it easier for the promoters to raise or cut stake in the company. READ MORE
IndiGo puts tech start-ups at the heart of its plan to become global player
10:27 AM
Buzzing | SpiceJet trades 2% lower
10:17 AM
Nifty Pharma index trades in the red
10:05 AM
What are Moving Averages and how to use them to make money in stocks
Moving Average is an indicator that helps avoid the uncertain price fluctuations. It acts as an instrument to smoothen the significance of the price to determine the trend. It does lag in some cases, however, the overall scenario helps define the direction. READ MORE
The S&P BSE Sensexdipped 145 points, or 0.35 per cent, to 41,050 levels. Reliance Industries, Tata Steel, and IndusInd Bank (all down 1%) were the top laggards in the Sensex pack. On the other hand, NTPC gained 1 per cent.
The broader Nifty50 index dipped 50 points, or 0.4 per cent, to Rs 12,080 levels.
All the Nifty sectoral indices, except Nifty Realty index, were trading in the red. Nifty Metal index, down 0.8 per cent, bled the most, while Nifty Pharma and Nifty Bank indexes, both down 0.5 per cent, also slipped.
In the broader market, the S&P BSE MidCap index was trading 15 points lower while the S&P BSE SmallCap index was down 23 points.
CATCH ALL THE LIVE UPDATES
Auto Refresh
11:21 AM
India's gold demand expected to rebound from 3 year low: World Gold Council
India's gold demand is expected to rebound in 2020 as the government seeks to bolster consumer confidence and spending power to revive Asia's third-biggest economy, the World Gold Council (WGC) said on Thursday. A rise in consumption by the world's second-biggest gold buyer would further boost global prices, which scaled a near seven-year high earlier this month, but could widen India's trade deficit and pressure the rupee. READ MORE
gold
11:18 AM
NEWS ALERT | L&T constructions bags order for water treatment project in the range of Rs 2,500-5,000 cr: BSE filing
The Water & Effluent Treatment Business of L&T Construction has secured a EPC order from Narmada Valley Development Authority (NVDA), Government of Madhya Pradesh to execute the Indira Sagar - Parwati Phase III Et IV Lift Micro Irrigation Project.
11:15 AM
Emami Ltd slides 5%
11:14 AM
Market check | Weakness in markets ahead of F&O expiry today
11:03 AM
Aurobindo Pharma plunges 8% as USFDA classifies oral solids plant as OAI
The drug company in exchange filing said it has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at the aforesaid facility as OAI.
The USFDA, that had conducted a Current Good Manufacturing Practice (cGMP) inspection at the company’s Unit 7 an oral solids formulation manufacturing facility from September 19-27, 2019, issued 7 observations to the drug maker. READ MORE
10:52 AM
Tata Motors Q3 preview: Automaker may return to profit on better JLR show
As per the monthly sales data, Tata Motors' domestic sales volume (MHCV + PV) declined 25 per cent year-on-year (YoY) to 1.3 lakh units while JLR volumes are expected at 1.43 lakh units, up 1.3 per cent YoY. Analysts at ICICI Securities expect Tata Motors to report 2.3 per cent YoY dip in revenues at Rs 75,252.4 crore, while profit after tax (PAT) is seen at Rs 766.5 crore, largely due to sequential growth in volumes and benign raw material costs. READ MORE
10:37 AM
IndiGo slips 2% after shareholders reject Gangwal's special proposal at EGM
Shares of InterGlobe Aviation -- the parent company of IndiGo airlines -- skid 2 per cent to Rs 1,432 on the BSE on Thursday after the airiline's Board rejected the special resolution proposed by IndiGo co-promoter Rakesh Gangwal at the Extraordinary General Meeting (EGM) held Wednesday. The resolution sought to relax rules on the sale and purchase of shares by its main shareholders making it easier for the promoters to raise or cut stake in the company. READ MORE
IndiGo puts tech start-ups at the heart of its plan to become global player
10:27 AM
Buzzing | SpiceJet trades 2% lower
10:17 AM
Nifty Pharma index trades in the red
10:05 AM
What are Moving Averages and how to use them to make money in stocks
Moving Average is an indicator that helps avoid the uncertain price fluctuations. It acts as an instrument to smoothen the significance of the price to determine the trend. It does lag in some cases, however, the overall scenario helps define the direction. READ MORE
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