4.35 PM: Volatile trade on D-Street, Sensex ends 279 pts lower, Nifty below 11,150; DHFL down 45%
A largely volatile day has come to a close and indices have ended on a negative note. But they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower. The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street. The Sensex had risen 300 points in intraday trade. But a sharp selloff in the afternoon, led by a 50 percent crash in Dewan Housing Finance’s shares as well as on Indiabulls Housing weighed big on the market. The Sensex fell 1,000 points, while the Nifty had managed to breach 11,000-mark as well. However, with managements of these NBFCs trying to allay fears and dismissing reports of debt defaults, the market staged a recovery. Reports also emerged that DSP Mutual Fund had managed to sell some short-term paper of DHFL at 11 percent discount in a bid to build liquidity against its exposure to IL&FS. This led to the massive fall in the market as well. At the close of market hours, the Sensex closed down 279.62 points or 0.75% at 36841.60, while the Nifty ended lower by 91.30 points or 0.81% at 11143.10. The market breadth is negative as 596 shares advanced, against a decline of 2,071 shares, while 155 shares were unchanged. Shares of DHFL ended 45 percent lower, while top losers include Yes Bank, Kotak Mahindra Bank, and Indiabulls Housing Finance, while the gainers include ONGC, Wipro, Bharti Infratel and BPCL.
2.30 PM: Equities extend losses, Sensex down 600 pts, Nifty tests 11,000; midcaps crack
News agency Reuters is reporting that the government is likely to ‘positively surprise’ the market in the second half of borrowing calendar. The report further added that the Centre could announce lower than expected market borrowings for remainder of this fiscal year. Officials reportedly met select market participants earlier this week and assured them of positive signals to the market.
1.10 PM: sharp swing in the past one hour, with the Sensex losing over 200 points
Equity benchmarks have seen a sharp swing in the past one hour, with the Sensex losing over 200 points, while the Nifty has fallen over 100 points. It has given up 11,200 as well. The Sensex is down 198.26 points or 0.53% at 36922.96, while the Nifty is lower by 109.60 points or 0.98% at 11124.80. The market breadth is negative as 555 shares advanced, against a decline of 1,905 shares, while 146 shares were unchanged. Shares of Yes Bank, Sun Pharma and Indiabulls Housing are the top losers, while ITC, ONGC and Bharti Infratel have gained the most.
12.45 PM: A sharp selloff in banks along with sectoral indices such as automobiles, FMCG, pharma
A sharp selloff in banks along with sectoral indices such as automobiles, FMCG, pharma as well as a bigger selloff in midcaps has dragged the equity markets. They have given up all of their gains. The Sensex is down 2.02 points or 0.01% at 37119.20, while the Nifty is lower by 26.50 points or 0.24% at 11207.90. The market breadth is negative as 867 shares advanced, against a decline of 1,542 shares, while 156 shares were unchanged. Axis Bank, ICICI Bank, and Indian Oil are the top gainers, while Yes Bank, HUL, and Indiabulls Housing have lost the most.
11.45 AM: Benchmark indices cut some of its morning gains with Nifty hovering around 11,300 mark.
Benchmark indices cut some of its morning gains with Nifty hovering around 11,300 mark. At 11:42 hrs IST, the Sensex is up 228.68 points at 37,349.90, while Nifty is up 62.60 points at 11,297. About 1103 shares have advanced, 1187 shares declined, and 163 shares are unchanged. HDFC Bank, Reliance Industries, HDFC, ITC and Kotak Mahindra Bank are the positive contributors to the Sensex. Among the sectors, PSU banking are leading with 2 percent gains, followed by energy, auto, infra, metal and pharma. On the other side, IT space is down 0.5 percent as rupee is trading higher by 60 paise at around 71.80 per dollar.
9.19 AM: It’s a good start to the market on this Friday morning as benchmark indices
It’s a good start to the market on this Friday morning as benchmark indices have begun on a good note. Positive global cues and a stronger start to the rupee is aiding sentiment on D-Street. The Nifty reclaimed 11,300 in the opening minutes. The Sensex is up 171.63 points or 0.46% at 37292.85, while the Nifty is higher by 69.20 points or 0.62% at 11303.60. The market breadth is positive as 461 shares advanced, against a decline of 129 shares, while 61 shares were unchanged. Barring information technology names, all sectoral indices are trading in the green, with maximum gains visible in banks, auto, metals, pharma, and energy names. In the midcaps space, steel stocks are performing well. Overall, the Nifty Midcap index is trading higher by a percent. Among stocks, shares of Yes Bank has fallen 15 percent following current MD & CEO Rana Kapoor’s term being cut short. Jet Airways is lower by 6 percent on the back of IT surveys at its premises.
BANKNIFTY Future View 21th Sept 2018
BANKNIFTY Future Wednesday Close: 26380.2 Today BANKNIFTY Future is facing Resistance of 26590 & 26797 If cross 27130 with volume will see more strength till 27470 Today major Support at 26250 & 26125 If not sustain 25788 then will see more down fall till 25450 http://www.bigprofitbuzz.com 9899836532 #nifty trading #tips #nse # free tip #share #market tips #stock tips #best tips provider #Indian
Nifty Future View 21th Sept 2018
NIFTY Future Wednesday Close: 11272.8 Today NIFTY Future is facing Resistance of 11350 & 11426 If cross above 11556 and hold above the level with volume will see more strength 11685 Today major Support at 11220 & 11168 If not sustain 11038 then will see more down fall till 10908 http://www.bigprofitbuzz.com 9899836532 #nifty trading #tips, #nse # free tips, #share #market tips, #stock tips, #best tips provider #Indian