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Tuesday, September 21, 2021

Market Highlights: Sensex slips 127 points, Nifty ends at 17,355 dragged by RIL and ICICI Bank

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 58,177.76, down 127.31 points (0.22 per cent), while the Nifty 50 settled at 17,355.30, down 13.95 points (0.08 per cent).

By: Express Web Desk | New Delhi |
Updated: September 13, 2021 6:58:08 pm
bse, bse sensex, bombay stock exchangeBombay stock exchange in Dalal street. (File express photo by Nirmal Harindran)

Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Monday weighed by market heavyweight Reliance Industries (RIL) and ICICI Bank.

The S&P BSE Sensex fell 127.31 points (0.22 per cent) to end at 58,177.76, while the Nifty 50 slipped 13.95 points (0.08 per cent) to settle at 17,355.30. Both the indices had opened in the red and traded lower throughout the morning trade. They had briefly erased losses and swung towards the early afternoon trade however they eventually slipped and ended lower.

RIL was the top laggard of the day on Sensex as it ended 2.22 per cent lower after Jio delayed the launch of its ultra-low-cost smartphone, possibly due to semiconductor shortages that the industry is facing. It was followed by ICICI Bank, Hindustan Unilever (HUL), HDFC Bank and Mahindra & Mahindra (M&M).

On the other hand, Tata Consultancy Services (TCS), Bharti Airtel, Bajaj Finserv, Tata Steel Maruti Suzuki India and Kotak Mahindra Bank were the top gainers.

Among the sectoral indices, the Nifty Media index rose 1.34 per cent led by Dish TV India and Zee Entertainment Enterprises. It was closely followed by Nifty Metal index which gained 1.29 per cent aided by Coal India and Hindalco Industries. The Nifty IT index too rose 0.94 per cent led by MindTree and MphasiS. The key Nifty Bank howver, fell 0.58 per cent weighed by AU Small Finance Bank and ICICI Bank.

The broader market indices outperformed their benchmark peers with the S&P BSE MidCap index rose 78.16 points (0.32 per cent) to end at 24,783.45, while the S&P BSE SmallCap settled at 27,866.14, up 221.04 points (0.80 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:

16:22 (IST)13 Sep 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Monday's market performance

"Indian indices extended its early losses in a volatile session, ahead of the release of domestic inflation data. Despite hopeful signs, the global markets failed to inspire Asian markets. The European Central Bank in its policy meeting last week raised its growth and inflation projections for the year owing to quicker economic recovery thereby moderately reducing the pace of its pandemic-era bond-buying programme. Domestic retail inflation is expected to remain high in line with the July inflation rate of 5.59%"

16:19 (IST)13 Sep 2021
Rupee at close

The Indian rupee fell 18 paise to close at 73.68 (provisional) against the US dollar on Monday, tracking a strong American currency in the overseas market and muted trend in domestic equities.

At the interbank foreign exchange market, the local currency opened at 73.63 and dropped to a low of 73.73 in the day trade.

The domestic unit finally settled at 73.68 against the greenback, down 18 paise over its previous close.


15:35 (IST)13 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 58,177.76, down 127.31 points or 0.22 per cent, while the Nifty 50 settled at 17,355.30, down 13.95 points or 0.08 per cent.

15:26 (IST)13 Sep 2021
Crude oil futures rise on spot demand

Crude oil prices rose Rs 50 to Rs 5,177 per barrel on Monday as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 50, or 0.98 per cent, at Rs 5,177 per barrel in 5,980 lots.

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

Globally, West Texas Intermediate crude oil was up 0.86 per cent to USD 70.32 per barrel, while Brent crude traded 0.85 per cent higher at USD 73.54 per barrel in New York.


15:25 (IST)13 Sep 2021
Gold futures gain on spot demand

Gold prices on Monday rose by Rs 34 to Rs 46,840 per 10 gram in the futures trade, as speculators created fresh positions amid firming spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 34, or 0.07 per cent, to Rs 46,840 per 10 gram in a business turnover of 9,915 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

However, gold prices traded 0.03 per cent lower at USD 1,791.50 per ounce in New York.


12:26 (IST)13 Sep 2021
Jet Airways to resume domestic services in Q1 of 2022: Jalan Kalrock

Jet Airways will restart domestic operations by the first quarter of 2022 and short haul international flights by the last quarter of the next year, Jalan Kalrock Consortium, the winning bidder for the grounded airline, stated on Monday.

The first flight of Jet Airways would be on Delhi-Mumbai route, it mentioned, adding that the airline would now be headquartered in Delhi instead of Mumbai. Click here to read

11:44 (IST)13 Sep 2021
Petrol and diesel prices unchanged

Petrol and diesel prices remained steady across the country for the eighth consecutive day on Monday, September 13, 2021. The prices of the key auto fuels were last revised on September 5 when petrol and diesel prices were cut by 15 paise per litre each in the national capital.

The price of petrol in Delhi stands at Rs 101.19 per litre while that of diesel is at Rs 88.62. In Mumbai, petrol currently costs Rs 107.26, while diesel is retailing at Rs 96.19, data available on Indian Oil Corporation’s website showed. Click here to read

10:48 (IST)13 Sep 2021
Rupee falls 18 paise to 73.68 against US dollar in early trade

The Indian rupee depreciated 18 paise to 73.68 against the US dollar in opening trade on Monday, tracking a strong greenback in overseas market.

Forex traders said a muted trend in domestic equities also dragged the local unit down.

At the interbank foreign exchange, the rupee opened at 73.63 against the dollar, then fell to 73.68, registering a decline of 18 paise from the last close.


10:34 (IST)13 Sep 2021
IIP data: Mining, power, drive factory output to near pre-Covid level

Industrial output rose by 11.5 per cent in July 2021 as against a 10.5 per cent contraction in July 2020, led by sharp expansion in the mining sector and growth recorded by the electricity and manufacturing sectors, data released by the National Statistical Office (NSO) showed on Friday.

The July data show industrial output at near pre-pandemic levels, and analysts expect growth to rise further in August. The industrial output for July was lower than the 13.6 per cent recorded in June, which was impacted by the low base of 2020. Click here to read

10:05 (IST)13 Sep 2021
Global market update

Asian shares made a sluggish start on Monday to a week packed with major US and Chinese economic data and the launch of Apple's latest iPhones, while the Nikkei was tantalisingly near heights last visited in 1990.

Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week. The Topix has already scaled that peak, but the Nikkei dipped 0.3% ahead of the resistance barrier.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.7%, after bouncing on Friday. Chinese blue chips were off 0.3%.Both Nasdaq futures and S&P 500 futures were up 0.1%, after running into profit taking last week.


09:52 (IST)13 Sep 2021
Equity markets at open

Sensex falls 193.16 pts to 58,111.91 in opening session; Nifty slips 37.90 pts to 17,331.35.


On Friday, the markets were shut on account of Ganesh Chaturthi. Thursday, the benchmark S&P BSE Sensex had ended 54.81 points (0.09 per cent) higher at 58,305.07, and the broader Nifty 50 on NSE had risen 15.75 points (0.09 per cent) to settle at 17,369.25.

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