Live Stock Market Updates - Sensex falls over 500 points; Nifty slips below 8,100 mark
The BSE Mid-cap Index is trading down3.67% at 12,007, whereas BSE Small-cap Index is trading down 4.33% at 11,944. Out of 1,887 stocks traded on the NSE, 1,480 declined, 147 advanced and 260 remained unchanged today.The Indian stock market domestic market has droppes in opening dragged by index heavyweights. The market fell for a second straight session as automakers, consumer discretionary and real estate companies continued to extend their losses on the anticipated slowdown in spending as a result of the nationwide cash crunch.
At 1:42 PM, the S&P BSE Sensex is trading at 26,499 down 319 points, while NSE Nifty is trading at 8,177 down 119 points.
India’s WPI for the month of October unexpectedly fell to 3.39%, from 3.57% in September.
The BSE Mid-cap Index is trading down3.67% at 12,007, whereas BSE Small-cap Index is trading down 4.33% at 11,944.Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's, SBI, ONGC, Dr Reddy's and ICICI Bank are among the gainers, whereas Tata Motors, Asian Paints, Maruti Suzuki and HDFC are losing sheen on BSE.
All sectors are showing weakness on NSE except IT and banking index in green.
The INDIA VIX is up 9.81% at 19.0700. Out of 1,887 stocks traded on the NSE, 1,480 declined, 147 advanced and 260 remained unchanged today.
A total of seven stocks registered a fresh 52-week high in trade today, while 59 stocks touched a new 52-week low on the NSE.
Corporation Bank soared 13% to Rs 47.65 on the BSE after the bank has posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.
Hindalco Industries zoomed 3.8% after the company has posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.
Tata Motors tanked 7.5%. The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.
Suzlon Energy rallied 6.7%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.
Reliance Infrastructure slipped 5.7%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.
Bank of Baroda climbed 5.7% after the bank posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.
Tata Steel fell 5.7%. The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.
Aurobindo Pharma slipped 2.4%. The pharma company reported 33.5% year-on-year rise in consolidated net profit to Rs 605.64 crore for the quarter ending September mainly on account of robust formulation sales.
BPCL slipped 1.5% after the oil marketing company posted a net profit of Rs 1,305 crore for the quarter ended September 30, 2016 as compared to Rs 1,034.52 crore for the quarter ended September 30, 2015.
The bold move by the government to ban the widest circulated currency notes has received mixed reactions. Hopes are that after the initial hiccups, things will settle down. Fresh measures are being announced to ease the cash crunch. The market could remain choppy as it opens after a long weekend.
The dollar has cooled a bit resulting in benchmark Treasuries and emerging-market stocks changing direction. The US indices ended mixed; while the Dow and S&P notched up gains, the Nasdaq continued to reel under the Trump effect. IT stocks have been at the receiving end ever since Trump’s surprise win.
On the macro front, exports clocked a healthy 4.62% growth in September. CPI combined inflation for October will be released post market hours.
The MSCI has announced changes to its index components and stocks which have made it to the coveted list will see some buying. The draft model GST law will be shared with states today.
At 1:42 PM, the S&P BSE Sensex is trading at 26,499 down 319 points, while NSE Nifty is trading at 8,177 down 119 points.
India’s WPI for the month of October unexpectedly fell to 3.39%, from 3.57% in September.
The BSE Mid-cap Index is trading down3.67% at 12,007, whereas BSE Small-cap Index is trading down 4.33% at 11,944.Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's, SBI, ONGC, Dr Reddy's and ICICI Bank are among the gainers, whereas Tata Motors, Asian Paints, Maruti Suzuki and HDFC are losing sheen on BSE.
All sectors are showing weakness on NSE except IT and banking index in green.
The INDIA VIX is up 9.81% at 19.0700. Out of 1,887 stocks traded on the NSE, 1,480 declined, 147 advanced and 260 remained unchanged today.
A total of seven stocks registered a fresh 52-week high in trade today, while 59 stocks touched a new 52-week low on the NSE.
Corporation Bank soared 13% to Rs 47.65 on the BSE after the bank has posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.
Hindalco Industries zoomed 3.8% after the company has posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.
Tata Motors tanked 7.5%. The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.
Suzlon Energy rallied 6.7%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.
Reliance Infrastructure slipped 5.7%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.
Bank of Baroda climbed 5.7% after the bank posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.
Tata Steel fell 5.7%. The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.
Aurobindo Pharma slipped 2.4%. The pharma company reported 33.5% year-on-year rise in consolidated net profit to Rs 605.64 crore for the quarter ending September mainly on account of robust formulation sales.
BPCL slipped 1.5% after the oil marketing company posted a net profit of Rs 1,305 crore for the quarter ended September 30, 2016 as compared to Rs 1,034.52 crore for the quarter ended September 30, 2015.
The bold move by the government to ban the widest circulated currency notes has received mixed reactions. Hopes are that after the initial hiccups, things will settle down. Fresh measures are being announced to ease the cash crunch. The market could remain choppy as it opens after a long weekend.
The dollar has cooled a bit resulting in benchmark Treasuries and emerging-market stocks changing direction. The US indices ended mixed; while the Dow and S&P notched up gains, the Nasdaq continued to reel under the Trump effect. IT stocks have been at the receiving end ever since Trump’s surprise win.
On the macro front, exports clocked a healthy 4.62% growth in September. CPI combined inflation for October will be released post market hours.
The MSCI has announced changes to its index components and stocks which have made it to the coveted list will see some buying. The draft model GST law will be shared with states today.
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