Bombay Stock Exchange building. (Express archive photo)Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the third straight session on Thursday weighed by market heavyweight Reliance Industries (RIL) and information technology (IT) stocks.
The S&P BSE Sensex fell 336.46 points (0.55 per cent) to end below the 61,000-mark at 60,923.50 while the Nifty 50 declined 88.50 points (0.48 per cent) to settle at 18,178.10. Both the indices had begun in the green but gave up their gains within an hour into the trade and remained in the red after that.
RIL was the biggest contributor to Sensex’s fall on Thursday. The oil-to-telecom behemoth fell 2.85 per cent. Apart from this, IT majors Infosys and Tata Consultancy Services (TCS) along with Asian Paints were the other major losers of the day. On the other hand, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC) and ICICI Bank were among the top gainers.
On the sectoral front, the Nifty IT was the worst performer of the day crashing 2.53 per cent weighed by MindTree, Coforge and L&T Technology Services. The Nifty Metal index too fell 1.77 per cent dragged by Hindustan Zinc and Welspun Corp. On the other hand, the Bank Nifty rose 1.30 per cent led by Kotak Mahindra Bank and RBL Bank.
(with inputs from agencies)
"Nifty fell for the third straight session on October 21 though it recovered a large part of early losses by the end. Nifty opened up and sold off rightaway. Sell-off in the Asian markets post higher opening and mixed early corporate results in India impacted sentiments. Nifty made an intra day low at 1425 Hrs and rose well from there. At close, Nifty was down 0.28% or 51.4 points to 18215.2.
On a day when the volumes on the NSE were the lowest in the past 4 days, Banks were the main gainers among sectors while Metals, Telecom, IT and Realty were the main losers. BSE Smallcap and Midcap indices fell 0.38-0.69%.
Asian markets on Thursday, tumbled into the red after shares in China’s Evergrande tanked as they resumed trading after a 17 day suspension. Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. European stocks trended lower on Thursday, as investors concerned about inflation and China’s economic slowdown took advantage of an earnings season rally to bank some gains.
Nifty has fallen for the third day; however the volumes are falling and advance decline ratio is improving, though below 1:1. This could mean that the recent selloff or weakness is nearing the end. 18266-18350 could be the next resistance for the Nifty while 18030 could be a support in the near term."
The S&P BSE Sensex ended at 60,923.50, down 336.46 points or 0.55 per cent, while the Nifty 50 settled at 18,178.10, down 88.50 points or 0.48 per cent.
Shares of consumer electrical goods maker Havells India on Thursday tumbled 14 per cent after the company reported a 7.34 per cent decline in its consolidated net profit for the quarter ended on September 30, 2021.
The stock tanked 9.99 per cent to Rs 1,264.85 on BSE. On NSE, it tumbled 13.96 per cent to Rs 1,210.30. Click here to read
There’s elation and there’s euphoria, and then there’s the unrestrained rapture that descends upon Bitcoin’s emboldened bulls whenever the cryptocurrency soars to a fresh record.
Bitcoin was holding at about $64,650 as of 11:30 a.m. in Hong Kong trading Thursday after rocketing to a fresh record overnight. The largest digital currency touched a high of almost $67,000 Wednesday, galvanized by the successful launch of the first U.S. Bitcoin futures exchange-traded fund — the second-busiest ETF debut on record and another step in its evolution from the frontiers of finance toward something with more mainstream appeal. The cryptocurrency has rallied some 120% in 2021 — and for some believers, $100,000 is once again in sight. Click here to read
Prices of petrol and diesel touched new record highs after they were hiked for the second consecutive day across the country on Thursday, October 21, 2021. In the national capital, both petrol and diesel prices were risen by 35 paise each.
Following the latest price revision, petrol in Delhi is now retailing at Rs 106.54 a litre while diesel is selling at Rs 95.27. In the financial capital Mumbai, petrol price now stands at Rs 112.44 while diesel costs Rs 103.26, data available on Indian Oil Corporation’s website showed. Click here to read
The Indian rupee inched higher by 3 paise to 74.85 against the US dollar in opening trade on Thursday.
At the interbank foreign exchange, the rupee opened at 74.86 against the dollar, then inched higher to 74.85, registering a rise of just 3 paise over its previous close. The rupee on Wednesday had surged by 47 paise to close at a nearly two-week high of 74.88 against the US dollar.
(PTI)
The total Covid-19 vaccine doses administered across the country crossed 100 crore milestone today, the health ministry informed.
Asian stocks eked small gains on Thursday but the upbeat mood that lifted the Dow Jones and bitcoin to records ebbed on fresh worries about China's property sector after an asset sale at embattled developer Evergrande collapsed.
MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.3% higher to touch a one-month top. Japan's Nikkei fell 0.3% and S&P 500 futures were flat.
(Reuters)
Sensex jumps 265.84 pts to 61,525.80 in opening session; Nifty rises 93.45 pts to 18,360.05.
(PTI)