Erasing all its morning gains, the domestic equity market ended in the negative territory on Tuesday amid selling in banks, metals and FMCG counters.
Shares of state-run banks dropped with Nifty PSU Bank index hitting an over 13-year low on the National Stock Exchange (NSE) on concerns over asset quality. Among individual stocks, State Bank of India (SBI) hit a 52-week low of Rs 168.80 apiece. The stock ended at Rs 171.40 on the NSE, down over 4 per cent. READ MORE
At the index level, the S&P BSE Sensex slipped 262 points or 0.83 per cent to end at 31,453.51, with SBI being the top loser and M&M (up over 3 per cent) the top gainer. NSE's Nifty lost 88 points or 0.95 per cent to settle at 9,205.60 levels.
All the sectoral indices on the NSE ended in the red. Nifty Bank fell 472 points or 2.39 per cent to 19,272, while Nifty FMCG slipped 1.67 per cent to 27,138.60 levels. Nifty Pharma dropped nearly 2 per cent to 9,181.50 levels and Nifty Metal dived over 1 per cent to 1,693.65 levels.
In the broader market, both S&P BSE MidCap and S&P BSE SmallCap indices dropped nearly a per cent each to 11,391.21 and 10,649.61 levels, respectively.
Global Markets
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.84 per cent. The gains were led by Australia’s ASX 200, which rose 1.42 per cent. Hong Kong’s Hang Seng climbed 0.84 per cent.
European stocks also gained as a jump in shares of French energy major Total and a slew of positive earnings reports added to optimism over the easing of lockdowns by major economies.
In commodities, oil prices jumped again on hopes for a recovery in vehicle traffic and fuel demand, as some US states and countries in Europe and Asia start to ease coronavirus lockdown measures.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
04:05 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
"Markets traded volatile with benchmark indices closing negative. Losses were led by financials. Markets are trading uncertain regarding the impact of lockdown measures and its effect on earnings. Investors are advised to trade cautiously tracking the global markets and stock specific earnings commentary."
03:54 PM
Sectoral gainers and losers on the NSE
03:48 PM
MARKET AT CLOSE | Losers and gainers on the S&P BSE Sensex
03:39 PM
CLOSING BELL
The S&P BSE Sensex declined 262 points or 0.83 per cent to settle at 31,453.51 while NSE's Nifty ended at 9,205.60, down 88 points or 0.95 per cent.
03:28 PM
Nifty PSU Bank index hits lowest level since July 2006; SBI at 52-week low
Among individual stocks, State Bank of India (SBI) was the top loser, hitting a 52-week low of Rs 168.80, tanking 6 per cent in the intra-day trade. Bank of Baroda (BoB) hit a multi-year low of Rs 44, down 4 per cent. Bank of India, Punjab National Bank (PNB), Union Bank of India and Canara Bank were down in the range of 2 per cent to 3 per cent. The PSU banks trade at a P/B of 0.8x, below their historical average of 1.2x. READ MORE
bad debts, bad loans, stressed assets, banks
03:19 PM
NEWS ALERT | Dabur says production has been resumed at all manufacturing locations
03:15 PM
BUZZING STOCK | Tata Motors slips nearly 4%
03:07 PM
MARKET ALERT :: Sensex extends decline; slumps over 250 pts
03:02 PM
Aarti Industries jumps 9%, hits new high; stock rallies 31% in 8 days
Shares of Aarti Industries hit an all-time high of Rs 1,192, up 9 per cent on the BSE on Tuesday on the back of an over two-fold jump in trading volumes. The specialty chemicals firm's stock surpassed its previous high of Rs 1,137, touched on April 29, 2020. In the past eight trading days, Aarti Industries' stock price has surged 31 per cent from the level of Rs 911 on April 22, after the company announced that during January-March quarter (Q4FY20), it commissioned and commercialised the initial phase of its upcoming unit/ project at Dahej SEZ and had also exported few shipments to the global customers. READ MORE
shares, growth, results, earnings, GDP, markets, stock, investment, shares, buybacks, investor, equity, BSE
02:59 PM
MARKET UPDATE | SBI hits 52-week low
Shares of state-run banks dropped with Nifty PSU Bank index hitting an over 13-year low on the National Stock Exchange (NSE) on concerns over asset quality. Among individual stocks, State Bank of India (SBI) hit a 52-week low of Rs 168.80 apiece. The stock ended at Rs 171.40 on the NSE, down over 4 per cent. READ MORE
At the index level, the S&P BSE Sensex slipped 262 points or 0.83 per cent to end at 31,453.51, with SBI being the top loser and M&M (up over 3 per cent) the top gainer. NSE's Nifty lost 88 points or 0.95 per cent to settle at 9,205.60 levels.
All the sectoral indices on the NSE ended in the red. Nifty Bank fell 472 points or 2.39 per cent to 19,272, while Nifty FMCG slipped 1.67 per cent to 27,138.60 levels. Nifty Pharma dropped nearly 2 per cent to 9,181.50 levels and Nifty Metal dived over 1 per cent to 1,693.65 levels.
In the broader market, both S&P BSE MidCap and S&P BSE SmallCap indices dropped nearly a per cent each to 11,391.21 and 10,649.61 levels, respectively.
Global Markets
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.84 per cent. The gains were led by Australia’s ASX 200, which rose 1.42 per cent. Hong Kong’s Hang Seng climbed 0.84 per cent.
European stocks also gained as a jump in shares of French energy major Total and a slew of positive earnings reports added to optimism over the easing of lockdowns by major economies.
In commodities, oil prices jumped again on hopes for a recovery in vehicle traffic and fuel demand, as some US states and countries in Europe and Asia start to ease coronavirus lockdown measures.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
04:05 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
"Markets traded volatile with benchmark indices closing negative. Losses were led by financials. Markets are trading uncertain regarding the impact of lockdown measures and its effect on earnings. Investors are advised to trade cautiously tracking the global markets and stock specific earnings commentary."
03:54 PM
Sectoral gainers and losers on the NSE
03:48 PM
MARKET AT CLOSE | Losers and gainers on the S&P BSE Sensex
03:39 PM
CLOSING BELL
The S&P BSE Sensex declined 262 points or 0.83 per cent to settle at 31,453.51 while NSE's Nifty ended at 9,205.60, down 88 points or 0.95 per cent.
03:28 PM
Nifty PSU Bank index hits lowest level since July 2006; SBI at 52-week low
Among individual stocks, State Bank of India (SBI) was the top loser, hitting a 52-week low of Rs 168.80, tanking 6 per cent in the intra-day trade. Bank of Baroda (BoB) hit a multi-year low of Rs 44, down 4 per cent. Bank of India, Punjab National Bank (PNB), Union Bank of India and Canara Bank were down in the range of 2 per cent to 3 per cent. The PSU banks trade at a P/B of 0.8x, below their historical average of 1.2x. READ MORE
bad debts, bad loans, stressed assets, banks
03:19 PM
NEWS ALERT | Dabur says production has been resumed at all manufacturing locations
03:15 PM
BUZZING STOCK | Tata Motors slips nearly 4%
03:07 PM
MARKET ALERT :: Sensex extends decline; slumps over 250 pts
03:02 PM
Aarti Industries jumps 9%, hits new high; stock rallies 31% in 8 days
Shares of Aarti Industries hit an all-time high of Rs 1,192, up 9 per cent on the BSE on Tuesday on the back of an over two-fold jump in trading volumes. The specialty chemicals firm's stock surpassed its previous high of Rs 1,137, touched on April 29, 2020. In the past eight trading days, Aarti Industries' stock price has surged 31 per cent from the level of Rs 911 on April 22, after the company announced that during January-March quarter (Q4FY20), it commissioned and commercialised the initial phase of its upcoming unit/ project at Dahej SEZ and had also exported few shipments to the global customers. READ MORE
shares, growth, results, earnings, GDP, markets, stock, investment, shares, buybacks, investor, equity, BSE
02:59 PM
MARKET UPDATE | SBI hits 52-week low
No comments:
Post a Comment