Follow Us:
Tuesday, April 07, 2020

Market Highlights: Sensex slips 188 points, Nifty settles at 12,056 weighed by metal and auto stocks

Share Market, Stock Market Highlights: Everything that happened in the markets on Tuesday.

By: Express Web Desk | New Delhi | Updated: January 28, 2020 4:05:35 pm
Share Trading at a firm in Kolkata. (Express photo by Partha Paul)

Share/Stock Market Highlights: The benchmark equity indices on the National Stock Exchange (NSE) and BSE settled lower for the second straight day on Tuesday following weakness in the broader Asian markets.

The S&P BSE Sensex slipped below the 41,000-mark to end at 40,966.86, down 188.26 points or 0.46 per cent, while the broader Nifty 50 settled at 12,055.80, down 63.20 points or 0.52 per cent.

Among sectoral indices, the Nifty Metal index was worst performer of the day falling 2.39 per cent weighed by shares of Vedanta, Steel Authority of India and Tata Steel. The Nifty Auto index too slipped 1.23 per cent weighed by Tata Motors and Maruti Suzuki India.

In the broader market, the S&P BSE MidCap fell 81.34 points or 0.52 per cent to end at 15,677.67, while the S&P BSE SmallCap settled at 14,826.50, down 23.89 points or 0.16 per cent.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:05 (IST)28 Jan 2020
MARKET QUOTE | Rohit Singre, Senior Technical Analyst at LKP Securities on Tuesday's Nifty movement

"Index closed on negative note for second consecutive day at 12060 with loss of 59 points forming a bearish candle on daily chart. Index managed to break its rising trend line support and closed below same hinting we may see some more dips if index continued to trade below 12150 zone which is strong resistance on the higher side, support for index is coming near 12000-11950 zone and immediate resistance is coming near 12110-12170 zone"

15:59 (IST)28 Jan 2020
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Tuesday's market performance

"Auto sector has given a setback to the market due to low demand, fall in realisations and higher competition. India is taking a careful approach since Q3 has not given a positive sign of revival in corporate earnings as expected. Global market is negative on concerns that Novel Coronavirus issue may slowdown the world economy."

15:35 (IST)28 Jan 2020
Equity markets at close

The S&P BSE Sensex ended at 40,966.86, down 188.26 points or 0.46 per cent, while the Nifty 50 settled at 12,055.80, down 63.20 points or 0.52 per cent.

15:30 (IST)28 Jan 2020
India’s crude steel output rises 1.8 per cent to 111.2 MT in 2019: Global steel body

India’s crude steel output increased marginally by 1.8 per cent to 111.2 million tonnes (MT) in 2019, according to World Steel Association. The country’s crude steel production was at 109.3 MT in 2018, the global body said in its latest report. Click here to read the full story

15:00 (IST)28 Jan 2020
Maruti Suzuki Q3 net profit up 4 per cent at Rs 1,587 crore

The country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 4.13 per cent rise in consolidated net profit at Rs 1,587.4 crore for December quarter 2019-20, riding on lower commodity prices, reduced corporate tax rate besides its cost reduction efforts. Click here to read the complete story

14:29 (IST)28 Jan 2020
Crude oil futures gain on spot demand

Crude oil prices on Tuesday rose by Rs 22 to Rs 3,805 per barrel as speculators created fresh positions on spot demand.

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 22, or 0.58 per cent, to Rs 3,805 per barrel in 31,910 lots. Crude oil for March delivery was up by Rs 18, or 0.47 per cent, at Rs 3,819 per barrel with an open interest of 2,114 lots.

However, the West Texas Intermediate fell by 0.13 per cent to USD 53.07 per barrel. Meanwhile, Brent crude, the international benchmark, eased by 0.34 per cent to USD 59.12 per barrel in New York.

(PTI)

14:29 (IST)28 Jan 2020
Silver futures slip on weak domestic, global cues

Silver futures on Tuesday slumped by Rs 215 to Rs 46,790 per kg as participants cut down their bets on low spot demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 215, or 0.46 per cent, to Rs 46,790 per kg in a business turnover of 9,516 lots. Besides, the white metal to be delivered in May fell by Rs 193 to Rs 47,364 per kg in 847 lots.

In the international market, silver prices traded 0.34 per cent lower at USD 18 an ounce in New York.

(PTI)

14:29 (IST)28 Jan 2020
Nickel futures up on spot demand

Nickel prices on Tuesday edged up by Rs 7.90 to Rs 945.20 per kg in futures trade as speculators built positions owing to rising demand from alloy-makers in domestic market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 7.90, or 0.84 per cent, to Rs 945.20 per kg in a business turnover of 2,382 lots. The metal for delivery in March gained Rs 7.10, or 0.76 per cent, to Rs 946.10 per kg in a business turnover of 51 lots.

Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.

(PTI)

14:25 (IST)28 Jan 2020
Copper futures gain on fresh bets

Copper prices on Tuesday traded up by Rs 1.85 at Rs 429.80 per kg in futures market on the back of pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in February traded higher by Rs 1.85, or 0.43 per cent, at Rs 429.80 per kg in a business turnover of 5,006 lots. Similarly, the metal for delivery in March edged up by 65 paise, or 0.63 per cent, to Rs 430.90 per kg in 76 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in spot demand.

(PTI)

14:24 (IST)28 Jan 2020
Refined soya oil futures up on spot demand

Refined soya oil prices on Tuesday rose 0.36 per cent to Rs 844.4 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for February delivery moved up by Rs 3, or 0.36 per cent, to Rs 844.4 per 10 kg in 50,870 lots. Similarly, refined soya oil contracts for March delivery edged up by Rs 5.2, or 0.63 per cent, to Rs 835.8 per 10 kg in 36,065 lots.

Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market here.

(PTI)

14:24 (IST)28 Jan 2020
Mustard seed futures gain on spot demand

Mustard seed prices on Tuesday rose by Rs 38 to Rs 4,200 per quintal in futures trade as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts demand from oil mills in spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in February rose by Rs 38, or 0.91 per cent, to Rs 4,200 per quintal with an open interest of 12,060 lots.

(PTI)

13:32 (IST)28 Jan 2020
Coriander futures up on robust demand

Coriander prices on Tuesday rose by Rs 76 to Rs 6,635 per quintal in futures trade on strong domestic demand and restricted supplies from producing belts.

On the National Commodity and Derivatives Exchange, coriander for April delivery shot up by Rs 76, or 1.16 per cent, to Rs 6,635 per quintal with an open interest of 9,270 lots. Similarly, the spice for May delivery traded higher by Rs 32, or 0.48 per cent, at Rs 6,634 per quintal in 390 lots.

A firm trend in spot market and restricted supplies from producing regions pushed up coriander prices here, market analysts said.

(PTI)

13:31 (IST)28 Jan 2020
Guar gum futures up on firm demand

Guar gum prices on Tuesday gained Rs 16 to Rs 7,190 per five quintal in futures trade as investors increased their holdings on spot demand.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.

On the National Commodity and Derivatives Exchange, guar gum delivery for February contracts gained 0.22 per cent, or Rs 16, to Rs 7,190 per five quintal with an open interest of 40,815 lots.

Likewise, the delivery of March contract surged by Rs 15, or 0.21 per cent, to Rs 7,275 per five quintal as open interest stood at 26,320 lots.

(PTI)

13:31 (IST)28 Jan 2020
Guar seed futures gain on fresh bets

Guar seed prices on Tuesday rose by Rs 16 to Rs 4,040 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 16, or 0.4 per cent, to Rs 4,040 per 10 quintal with an open interest of 78,325 lots. Similarly, guar seed for March delivery gained Rs 16 to Rs 4,084 per 10 quintal with an open interest of 16,975 lots.

According to marketmen, raising of bets by speculators tracking a firm trend at spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.

(PTI)

13:20 (IST)28 Jan 2020
Finance Ministry invites applications for new Sebi chief

The Finance Ministry has invited applications for the next chairman of Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose three-year term comes to an end next month. Click here to read the complete report

12:38 (IST)28 Jan 2020
Boeing says India is critical to its international growth plans

US aerospace giant Boeing has identified India as one of its top markets and critical to its international growth plans, eyeing the country’s plans to buy fighter jets worth billions of dollars. Click here to read the complete story

12:04 (IST)28 Jan 2020
BSE indices check at noon

At noon, the S&P BSE Sensex was up nearly 33 points or 0.08 per cent, while the S&P BSE Sensex 50 was up a little over 6 points or 0.05 per cent.

Here's how the other key BSE indices were performing:

Source: BSE
11:45 (IST)28 Jan 2020
InterGlobe Aviation shares jump over 3 per cent post Q3 earnings

Shares of InterGlobe Aviation on Tuesday jumped over 3 per cent after the company reported a steep rise in profit after tax in the quarter ended December 2019. Click here to read the full story

11:12 (IST)28 Jan 2020
HDFC shares rise over 3% following 296% jump in net profit

Shares of Housing Development Finance Corporation (HDFC) climbed as much as 3.17 per cent to Rs 2,471.70 apiece on the National Stock Exchange (NSE) during the early trade on Tuesday, a day after the company reported a 296 per cent rise in its standalone net profit for the quarter ended December 2019.

On the BSE, the scrip rose 3.13 per cent to Rs 2,470.85 per share so far in the intraday trade. Click here to read the full story

10:24 (IST)28 Jan 2020
HDFC Q3 net jumps 296% on Gruh Finance-Bandhan merger

Housing Development Finance Corporation (HDFC) has reported a 296 per cent rise in standalone net profit at Rs 8,372 crore for the third quarter ended December 31, 2019 as against Rs 2,114 crore in the corresponding quarter of the previous year, aided by a value gain consequent to merger of Gruh Finance, an associate, with Bandhan Bank. Click here to read the complete story

On Monday, the S&P BSE Sensex crashed 458.07 points (1.10 per cent) to settle at 41,155.12 while the Nifty 50 ended at 12,119.00, falling by 129.25 points (1.06 per cent).

Among the sectoral indices on NSE, the Nifty Metal index was the worst performer of the day falling 3.09 per cent weighed by Jindal Steel & Power, Steel Authority of India, Vedanta and Tata Steel. It was followed by the Nifty PSU Bank index, which fell 2.25 per cent weighed by Canara Bank, Bank of Baroda and State Bank of India (SBI).