Bombay Stock Exchange building. (Express archive photo)Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) fell for the second consecutive session and ended nearly 2 per cent lower on Thursday led by a cross-sector selloff amid the expiry of October-series futures and options (F&O) contracts.
Weakness in other Asian indices too weighed on market sentiments, analysts said.
The S&P BSE Sensex crashed 1,158.63 points (1.89 per cent) to settle below the 60,000 level mark at 59,984.70. The broader Nifty 50 fell 353.70 points (1.94 per cent) to end at 17,857.25.
On the BSE benchmark, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, ITC, Reliance Industries (RIL) and Infosys were among the biggest laggards of the day. On the other hand, Larsen & Toubro (L&T), IndusInd Bank and Asian Paints were among the top gainers.
All sectoral indices on the NSE ended in the red. Among key sectors, the Bank Nifty fell 3.34 per cent dragged by Punjab National Bank, IDFC First Bank and Kotak Bank. This apart, the Nifty FMCG slipped 1.89 per cent weighed by ITC and United Breweries. The Nifty Metal declined 3.44 per cent due to a fall in Adani Enterprises and Vedanta.
(with inputs from agencies)
Nykaa IPO: At the end of Day 1, the IPO of FSN E-Commerce Ventures, which operates online beauty e-commerce platform Nykaa, has been subscribed 1.55 times.
Details:
Qualified Institutional Buyers (QIBs) subscribed 1.39 times
Non Institutional Investors subscribed 0.60 times
Retail Individual Investors (RIIs) subscribed 3.50 times
Employee reserved subscribed 0.68 times
Total subscribed 1.55 times
Source: BSE
The rupee gained 11 paise to close at 74.92 (provisional) against the US dollar on Thursday despite massive sell-offs in the domestic equity market as easing crude oil prices lent some support to the local currency.
At the interbank forex market, the domestic unit opened at 74.92 against the greenback and witnessed an intra-day high of 74.76 and a low of 74.94 during the day's trade. It finally ended at 74.92 a dollar. On Wednesday, the rupee had declined by 7 paise to close at 75.03 against the US currency.
(PTI)
"Bears continued to dominate domestic indices tracking cues from weak Asian and European markets ahead of a policy update from the European Central Bank. Globally investors are on the edge awaiting the US GDP data releasing later in the day along with the outcome of the Fed meeting scheduled for next week. Domestic markets witnessed broad-based selling dragged by banking, metal and realty stocks."
"Nifty and Sensex crashed around 2% today taking cues from weak global markets. The profit booking on monthly expiry of October futures has further put pressure on the benchmark indices. The volatility to remain high in coming trading sessions leading Nifty to touch the level of 17700 Sensex to 59500."
The S&P BSE Sensex ended at 59,984.70, down 1,158.63 points or 1.89 per cent, while the Nifty 50 settled at 17,857.25, down 353.70 points or 1.94 per cent.
UCO Bank on Thursday reported multi-fold jump in net profit at Rs 205.39 crore for the second quarter ended September 2021 as bad loans fell.
The Kolkata-headquartered public sector lender registered a net profit of Rs 30.12 crore in the year-ago period.
Total income in July-September 2021-22 rose to Rs 4,655.86 crore from Rs 4,327.13 crore in the year-ago period, UCO Bank said in a regulatory filing.
(PTI)
Adani Green Energy Ltd (AGEL) on Thursday posted a nearly six-fold increase in consolidated net profit at Rs 100 crore in the September quarter on the back of higher revenues.
The net profit of the company was Rs 17 crore in the quarter ended on September 30, 2020, according to a BSE filing.
The company's total income stood at Rs 1,411 crore in the second quarter of the current fiscal as against Rs 718 crore in the same period a year ago.
(PTI)
Crude oil prices on Thursday fell Rs 76 to Rs 6,144 per barrel after participants cut their positions.
On the Multi Commodity Exchange, crude oil for the November delivery dropped by Rs 76, or 1.22 per cent, to Rs 6,144 per barrel with a business volume of 5,774 lots.
Analysts said the fall in crude oil futures was due to the trimming of positions by traders amid a weak spot demand.
Globally, West Texas Intermediate crude oil was trading 0.96 per cent lower at USD 81.87 per barrel.
Meanwhile, Brent crude, the international benchmark, fell 0.93 per cent to trade at USD 83.79 per barrel in New York.
(PTI)
Gold prices on Thursday rose Rs 18 to Rs 47,980 per 10 gram in the futures trade, as speculators created fresh positions amid firming spot demand.
On the Multi Commodity Exchange, gold contracts for the December delivery traded higher by Rs 18, or 0.04 per cent, to Rs 47,980 per 10 gram in a business turnover of 10,402 lots.
Fresh positions built up by participants led to the rise in gold prices, analysts said.
Gold prices traded 0.27 per cent higher at USD 1,803.70 per ounce in New York.
(PTI)
The Rs 18,300 crore initial public offering (IPO) of One97 Communications, the parent entity of digital payments firm Paytm, will open on Monday, November 8, 2021, and will be available for subscription till Wednesday, November 10, 2021.
The price band of the IPO has been fixed at Rs 2,080-2,150 per share of the face value of Rs 1 each. Last week, the company had received a go-ahead from markets regulator Sebi. 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 28, 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 108.29 a litre while diesel is selling at Rs 97.02. In the financial capital Mumbai, petrol price now stands at Rs 114.14 while diesel costs Rs 105.12, data available on Indian Oil Corporation’s website showed. Click here to read
The Finance Ministry has directed all central ministries and government departments to clear dues to Air India immediately. The Department of Expenditure (DoE) also said that government departments may purchase tickets from Air India in cash only, as the carrier — to be taken over by the Tata group — has stopped extending a credit facility to the government.
“All ministries/departments are directed to clear Air India’s due immediately. Air tickets from Air India, may be purchased in cash until further instructions,” the DoE, under Finance Ministry, said in a memorandum Wednesday. Click here to read
Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought.
MSCI's gauge of world stocks, ACWI, dipped 0.05% in early Thursday trade, with Japan's Nikkei leading the loss with fall of 1.1%.
Mainland Chinese shares slipped 0.2% while MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1%.
On Wall Street overnight, the S&P 500 lost 0.51% from all-time high hit on Tuesday though the Nasdaq ended little changed, thanks to strong earnings from Microsoft and Google parent Alphabet.
(Reuters)
The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, which operates online beauty e-commerce platform Nykaa, will open for subscription on Thursday, October 28, 2021, at a price band of Rs 1,085-1,125 per share. The offer will be available till Monday, November 1, 2021.
Through the offer, FSN E-Commerce Ventures aims to raise Rs 5,352 crore. The Nykaa IPO comprises of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders. Click here to read
Sensex drops 258.56 pts to 60,884.77 in opening session; Nifty declines 72.20 pts to 18,138.75.
(PTI)