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Sunday, October 17, 2021

Market Highlights: Sensex slips 254 points, Nifty ends at 17,711; Financials, banks slip

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 59,413.27, down 254.33 points (0.43 per cent), while the Nifty 50 settled at 17,711.30, down 37.30 points (0.21 per cent).

By: Express Web Desk | New Delhi |
Updated: September 29, 2021 5:13:11 pm
bse, bombay stock exchangeBombay Stock Exchange (BSE) in Dalal Street (Express photo by Nirmal Harindran)

Share/Stock Highlights: The topline equity indices on the National Stock Exchange (NSE) and BSE marginally lower after recovering from their intraday lows on Wednesday amid the weakness in global markets.

The S&P BSE Sensex fell 254.33 points (0.43 per cent) to settle at 59,413.27 while the Nifty 50 slipped 37.30 points (0.21 per cent) to end at 17,711.30. Earlier in the day, the BSE benchmark had crashed 556.19 points (0.93 per cent) to hit an intraday low of 59,111.41, while the broader Nifty had touched a low of 17,608.15, down 140.45 points (0.79 per cent).

Housing Development Finance Corporation (HDFC) was the biggest laggard of the day on the Sensex pack. It was followed by Kotak Mahindra Bank, Asian Paints, Ultratech Cement, Hindustan Unilever (HUL) and HDFC Bank. On the other hand, NTPC, Power Grid Corporation of India, Sun Pharmaceutical Industries, State Bank of India (SBI), Titan Company and Tata Steel were the top gainers of the day.

Among sectoral indices, the Nifty Financial Services index fell 0.88 per cent weighed by HDFC Asset Management Company, HDFC and Piramal Enterprises. The Bank Nifty too slipped 0.53 per cent lower dragged by Kotak Mahindra Bank HDFC Bank and Axis Bank.

In the broader market, the S&P BSE MidCap index gained 154.20 points (0.62 per cent) to end at 25,169.93, while the S&P BSE SmallCap settled at 27,926.54, up 111.56 points (0.40 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:

17:12 (IST)29 Sep 2021
Aditya Birla Sun Life AMC IPO update: End of Day 1

Aditya Birla Sun Life AMC IPO: At the end of Day 1, the Aditya Birla Sun Life AMC IPO has been subscribed 0.58 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.14 times

Retail Individual Investors (RIIs) subscribed 1.09 times

Shareholders subscribed 0.57 times

Total subscribed 0.58 times

Source: BSE

16:33 (IST)29 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 59,413.27, down 254.33 points or 0.43 per cent, while the Nifty 50 settled at 17,711.30, down 37.30 points or 0.21 per cent.

14:33 (IST)29 Sep 2021
Copper futures fall on weak demand

Copper futures on Wednesday slipped 0.43 per cent to Rs 714.45 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the October delivery eased by Rs 3.10, or 0.43 per cent, to Rs 714.45 per kg in a business turnover of 4,005 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

(PTI)

12:16 (IST)29 Sep 2021
Petrol and diesel prices unchanged

A day after witnessing a hike, petrol and diesel prices remained unchanged across the country on Wednesday, September 29, 2021. On Tuesday, petrol had risen 20 paise per litre while diesel had inched up 25 paise in the national capital.

The price of petrol in Delhi stands at Rs 101.39 per litre while that of diesel is at Rs 89.57. In Mumbai, petrol currently costs Rs 107.47, while diesel is retailing at Rs 97.21, data available on Indian Oil Corporation’s website showed. Click here to read

10:50 (IST)29 Sep 2021
Rupee slips 13 paise to 74.19 against US dollar in early trade

The Indian rupee declined 13 paise to 74.19 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 74.18 against the dollar, then fell further to 74.19, registering a fall of 13 paise over its previous close. On Tuesday, the rupee had settled at 74.06 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.06 per cent at 93.71.

(PTI)

10:05 (IST)29 Sep 2021
Aditya Birla Sun Life AMC IPO opens today: Everything you need to know

The initial public offering (IPO) of Aditya Birla Sun Life AMC will open for subscription on Wednesday, September 29, 2021, at a price band of Rs 695-712 per share. The offer will be available till Friday, October 1, 2021.

Through the offer, Aditya Birla Sun Life AMC aims to raise Rs 2,768.25 crore. The IPO of up to 3.88 crore equity shares, constituting 13.50 per cent of the paid-up share capital of the company, comprises an offer-for-sale (OFS) of up to 28.51 lakh equity shares by Aditya Birla Capital and up to 3.6 crore equity shares by Sun Life AMC. Click here to read

09:50 (IST)29 Sep 2021
Global market update

Asian shares lost ground on Wednesday, tracking declines on Wall Street as investors fretted over economic uncertainties that caused a spike in U.S. benchmark bond yields and pushed the dollar to a more than 10-month high.

Higher yields and the strong dollar hurt Asian equities in early trading. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.43% with Australia off 1.5%, and South Korea falling 2.06%.The Hong Kong benchmark shed 1.2% and Chinese blue chips were 1.1% lower.

Japan's Nikkei shed 2.35% hurt by the general mood as the country's ruling party votes for a new leader who will almost certainly become the next prime minister ahead of a general election due in weeks.

Overnight, all three major U.S. stock indexes slid nearly 2% or more, with interest rate sensitive tech and tech-adjacent stocks worst hit by the surging yields. It was the S&P 500 index's biggest one-day percentage drop since May, and the Nasdaq's largest since March, but U.S. stock futures, the S&P 500 e-minis, were up 0.25% in Asian hours.

(Reuters)

09:41 (IST)29 Sep 2021
Equity markets at open

Sensex tanks 385.15 pts to 59,282.45 in opening session; Nifty slumps 88.70 pts to 17,659.90.

(PTI)

On Tuesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had recovered from their intraday lows and ended around 0.6 per cent lower dragged by the information technology (IT), financial stocks amid weak global cues.

The S&P BSE Sensex fell 410.28 points (0.68 per cent) to slip below the 60,000 mark and settle at 59,667.60 while the Nifty 50 slipped 106.50 points (0.60 per cent) to end a tad below the 17,750 level mark at 17,748.60. Earlier in the day, the BSE benchmark had crashed 1,032.35 points (1.72 per cent) to hit an intraday low of 59,045.53, while the broader Nifty had touched a low of 17,576.10, down 279.00 points (1.56 per cent).

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