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Wednesday, December 01, 2021

Market Highlights: Sensex falls 207 points, Nifty ends at 18,211; Metals, banks dip

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 61,143.33, down 206.93 points (0.34 per cent), while the Nifty 50 settled at 18,210.95, down 57.45 points (0.31 per cent).

By: Express Web Desk | New Delhi |
Updated: October 27, 2021 5:10:55 pm
bse, bse sensexBSE (Express Photo by Amit Chakravarty)

Share/Stock Highlights: The topline equity indices on the BSE and National Stock Exchange (NSE) snapped out of their two-day winning streak and ended marginally lower on Wednesday weighed by metals and private banks.

The S&P BSE Sensex slipped 206.93 points (0.34 per cent) to settle at 61,143.33 while the Nifty 50 fell 57.45 points (0.31 per cent) to end at 18,210.95. Both the indices had begun the day on a positive note but slipped towards the late afternoon session of trade.

Axis Bank, Bajaj Finance, Reliance Industries (RIL), HDFC Bank and Kotak Mahindra Bank were the top contributors to Sensex’s fall on Wednesday. On the other hand, Infosys, Asian Paints and State Bank of India (SBI) were among the top gainers.

Among the sectoral indices, the Nifty Metal index fell 1.52 per cent dragged by Vedanta and National Aluminium Company. The Nifty Private Bank too fell 1.37 per cent weighed by Axis Bank and Bandhan Bank.

(with inputs from agencies)

Live Blog

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

16:14 (IST)27 Oct 2021
Rupee declines 7 paise to close at 75.03 against US dollar

The rupee weakened by 7 paise to end at 75.03 against the US currency on Wednesday, weighed down by a muted trend in domestic equities and strength of the American currency in the overseas market.

At the interbank foreign exchange market, the local currency opened at 75.02 and later witnessed a high of 74.90 and a low of 75.05 against the US dollar in the day trade.

The local unit finally settled at 75.03 a dollar, down 7 paise over its previous close. On Tuesday, the rupee had settled at 74.96 against the US dollar.

(PTI)

15:41 (IST)27 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 61,143.33, down 206.93 points or 0.34 per cent, while the Nifty 50 settled at 18,210.95, down 57.45 points or 0.31 per cent.

12:06 (IST)27 Oct 2021
Fino announces Rs 1,200 crore initial share sale; first payments bank to go public

Fino Payments Bank on Tuesday announced a Rs 1,200 crore initial public offering, which will include fresh issue of shares worth Rs 300 crore.

The company, which will emerge as the first payments bank to list on the stock exchanges, has set a price band of Rs 560-577 per share for the issue which will be open for subscription between October 29 to November 2. Click here to read

11:52 (IST)27 Oct 2021
India’s tax revenues likely to beat forecast on strong recovery: Report

India’s government expects tax revenues for the current financial year to be 10% above budget, beating forecasts for the first time in four years, two officials said, as the economy powers back towards pre-pandemic levels.

Tax revenues, budgeted at 15.45 trillion rupees ($206 billion) for the year to March 31, have been below projections ever since 2017-18, as the economy lost momentum even before COVID-19 and then slipped into a deep recession. Click here to read

11:16 (IST)27 Oct 2021
Rupee slips 6 paise to 75.02 against US dollar in early trade

The Indian rupee depreciated by 6 paise to 75.02 against the US dollar in opening trade on Wednesday, weighed down by firm crude oil prices and a strong American currency in the overseas market.

At the interbank foreign exchange, the rupee opened on a weak note at 75.02, registering a decline of 6 paise from the last close. On Tuesday, the rupee had closed at 74.96 against the US dollar.

(PTI)

11:15 (IST)27 Oct 2021
Petrol and diesel price hiked

After remaining steady for two consecutive days, petrol and diesel prices were hiked on Wednesday, October 27, 2021, hitting fresh record highs. In the national capital, the petrol and diesel prices each rose by 35 paise.

Following the latest price revision, petrol in Delhi is now retailing at Rs 107.94 a litre while diesel is selling at Rs 96.67. In the financial capital Mumbai, petrol price now stands at Rs 113.80 while diesel costs Rs 104.75, data available on Indian Oil Corporation’s website showed. Click here to read

10:06 (IST)27 Oct 2021
Global market update

Tech shares slipped and short-term Treasury yields jumped on Tuesday as investors expect inflation to prompt interest rate hikes, with a hotter-than-forecast reading in Australia the latest sign of prices pressuring central bankers to act.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% - although it remains on course for its best month of the year - led by tech shares falling in Hong Kong. Japan's Nikkei fell 0.6%.

Strong earnings had earlier propelled Wall Street indexes to fresh records and U.S. stock futures were flat in early trade.

(Reuters)

10:03 (IST)27 Oct 2021
Equity market at open

Sensex inches 13.11 pts higher to 61,363.37 in opening session; Nifty up 1.70 pts to 18,270.10.

(PTI)

On Tuesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) extended their gains and settled over 0.5 per cent higher led by gains in metals, automobile and realty stocks.

The S&P BSE Sensex climbed 383.21 points (0.63 per cent) to settle at 61,350.26 while the Nifty 50 rose 143.00 points (0.79 per cent) to end at 18,268.40.

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