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Tuesday, December 10, 2019

Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex, Nifty snap 2-day winning streak as HDFC Bank, RIL falter

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: All that took place in the markets on Monday.

By: Express Web Desk | New Delhi | Updated: November 18, 2019 4:19:02 pm
share market trade Share Trading at a firm in Kolkata (Express photo by Partha Paul)

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: The frontline indices on the BSE and National Stock Exchange (NSE) ended marginally lower with the Nifty 50 failing to hold to 11,900-mark on Monday weighed by market heavyweights HDFC Bank, Reliance Industries (RIL) and Tata Consultancy Services (TCS).

The S&P BSE Sensex settled at 40,284.19, down 72.50 points or 0.18 per cent. The broader Nifty 50 index slipped 10.95 points or 0.09 per cent to end the day at 11,884.50. Both the indices had opened over 0.2 per cent higher earlier in the morning, but soon erased their respective gains and traded in the negative territory for the most part of the day.

The broader market indices, however, outperformed their benchmark peers on Monday, with the S&P BSE MidCap rising 64.54 points or 0.44 per cent to settle at 14,837.53. The S&P BSE SmallCap ended the day at 13,362.61, up 36.21 points or 0.27 per cent.

Among sectors, the Nifty FMCG index was the top loser of the day falling 0.38 per cent on Monday weighed by Jubilant Foodworks, United Spirits and Colgate Palmolive (India). On the other hand, among gainers, the Nifty Metal index was the top gainer of the day as it rose 1.79 per cent led by Tata Steel, Hindalco Industries and Steel Authority of India.

Global Markets

World shares were close to a record high on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015. The news helped Asia’s main markets close higher and Europe followed suit, though 0.1 per cent to 0.3 per cent moves showed the initial reaction was cautious.

It did nudge MSCI’s 49-country world share index 0.12 per cent higher to leave it less than 1 per cent off the record high it set back in early 2018. The pan-European STOXX 600 index was extending its six-week winning streak. The index is only 8 points short of its own record high of 415.18 points hit in mid-April.

Japan’s Nikkei gained 0.5 per cent and was just short of its recent 13-month top. E-Mini futures pointed to S&P 500 adding to Friday’s record highs.

(Global market inputs from Reuters)

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Highlights

    15:45 (IST)18 Nov 2019
    Market at close on Monday

    The S&P BSE Sensex settled at 40,284.19, down 72.50 points or 0.18 per cent. The broader Nifty 50 index slipped 10.95 points or 0.09 per cent to end the day at 11,884.50.

    14:17 (IST)18 Nov 2019
    TRAI hopes to finalise views on call connect charges by Nov-end: Official

    The telecom regulator expects to finalise its views on the contentious call connect charges issue by the end of this month, a top TRAI official said on Monday.

    Last week, TRAI conducted an open house discussion with industry representatives and other stakeholders on whether there is a need to postpone the applicable date for scrapping the call connect charges also called Interconnection Usage Charges (IUC) beyond January 1, 2020. Click here to read the report

    14:03 (IST)18 Nov 2019
    Market situation at 2 pm

    Here are the position of the key BSE indices at 2 pm:

    13:44 (IST)18 Nov 2019
    Gold prices slips Rs 99 per 10 gm, silver declines Rs 115 a kg

    Bullion prices declined in the benchmark markets on Monday with prices of gold slipping by Rs 99 and silver falling Rs 115.

    The opening price for gold of 999 purity was Rs 38,147 per 10 grams, down Rs 99 from Friday's closing price of Rs 38,246, while that of 995 purity gold was Rs 37,994, down Rs 99 from Rs 38,093 on Friday, according to the data published by India Bullion and Jewellers Association (IBJA).

    Price of silver slipped by Rs 115 in the early trade on Monday. The precious metal of 999 purity was at Rs 44,265 a kg, down Rs 115 from Rs 44,380 on Friday, the IBJA data showed.

    13:32 (IST)18 Nov 2019
    Key sales numbers show rural demand may dip further

    THE GOVERNMENT Friday claimed that a significant divergence in levels of consumption and direction of change prompted it to withhold the findings of the survey on household consumption expenditure for July 2017-June 2018.

    But all major indicators of rural demand suggest the situation has only worsened since the beginning of financial year 2019-20, and the economy is yet to see the end of the current slowdown cycle. Click here to read

    12:36 (IST)18 Nov 2019
    Top contributors in BSE Sensex

    Here are the stocks that are contributing to S&P BSE Sensex's fall at the moment

    12:29 (IST)18 Nov 2019
    World economy recovery on the cards in first quarter of 2020

    A combination of easing trade tensions and easier monetary policy will lift global growth from the first quarter of 2020, according to economists at Morgan Stanley.

    Emerging markets will drive the recovery, given the late-cycle stage that U.S. growth is in, they argue. Click here to read the report

    12:13 (IST)18 Nov 2019
    Bank deposits: Govt share falls by nearly Rs 4 lakh crore, but corporates post sharp rise

    The government’s share in total deposits with commercial banks declined sharply from Rs 15.79 lakh crore as of March 2019 to Rs 11.86 lakh crore in March 2018, according to the latest data released by the Reserve Bank of India (RBI). However, significantly, the share of corporates (non-financial) rose sharply by around Rs 6.5 lakh crore, even as the government deposits declined by Rs 3.93 lakh crore.

    While the government sector accounted for as much as 13.5 per cent of the total deposits in March 2018, the share declined to 9.2 per cent in March 2019.

    On the other hand, the share of non-financial companies jumped from Rs 11.82 lakh crore (10.1 per cent share in the total deposits) in March 2018 to Rs 18.36 lakh crore (14.24 per cent of the total deposits) in 2019, indicating a shift of over Rs 650,000 crore to non-financial companies in a year, as per the RBI data. Click here to read the report

    11:57 (IST)18 Nov 2019
    RBI Governor Shaktikanta Das faces an increasingly tough balancing act

    Soon after taking over as India’s central bank governor almost a year ago, Shaktikanta Das decorated his 18th floor office overlooking the Arabian Sea with two statues of Lord Jagannath, a form of the Hindu god Vishnu.

    Revered in Das’s native Odisha state, Jagannath is depicted with round, lidless eyes that are always watching over the welfare of devotees. It’s an appropriate adornment. Click here to read

    11:24 (IST)18 Nov 2019
    Petrol and Diesel prices on Monday

    Delhi:

    Petrol- 74.05 per litre
    Diesel- 65.79 per litre

    Kolkata:

    Petrol- 76.74 per litre
    Diesel- 68.20 per litre

    Mumbai:

    Petrol- 79.71 per litre
    Diesel- 69.01 per litre

    Chennai:

    Petrol- 76.97 per litre
    Diesel- 69.54 per litre

    Bengaluru:

    Petrol- 76.58 per litre
    Diesel- 68.03 per litre

    Source: IOCL

    10:46 (IST)18 Nov 2019
    Saudi Arabia cuts Aramco valuation, boosts loans to get IPO done

    Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.

    The Saudi central bank also relaxed lending limits to boost demand from local investors after bankers were unable to convince many international money managers of the merits of the deal. Click here to read the report

    10:24 (IST)18 Nov 2019
    INTERVIEW | ‘For debt investments, we will do holistic management check like we do for equities’ says CEO of Bajaj Allianz Life Insurance

    Even as the life insurance industry has witnessed growth in premium collection, the broader economic growth may impact the growth. Tarun Chugh, CEO, Bajaj Allianz Insurance, however, said that things should improve over the next six-eight months. He also said that with companies failing despite AAA rating, his company is now going for a holistic management check of companies before debt investment. Click here to read the entire interview

    09:54 (IST)18 Nov 2019
    Rupee check

    The rupee was trading on a firm note against the US dollar at early trade on Monday. The domestic unit had risen to 71.59 against the greenback in the opening deals on Monday after settling at 71.79 on Friday.

    09:50 (IST)18 Nov 2019
    Market at open on Monday

    At 9:27 am, the S&P BSE Sensex was trading at 40,473.54, up 116.85 points or 0.29 per cent higher while the broader Nifty 50 index was at 11,928.75, up 33.30 points or 0.28 per cent.

    Friday, the S&P BSE Sensex settled at 40,356.69, up 70.21 points or 0.17 per cent. The broader Nifty 50 index gained 23.20 points or 0.20 per cent to end the day at 11,895.30.

    On Friday, the shares of Vodafone Idea had surged 24.75 per cent to settle at Rs 3.68 on the BSE on Friday. The stock jumped 27.12 per cent to end at Rs 3.75 on NSE. In intraday trade, the stock had crashed by 11.52 per cent to hit a fresh record low of Rs 2.61 apiece on BSE, while on the NSE, it touched a fresh record low of Rs 2.40, down 18.64 per cent after the telecom giant announced a record loss of Rs 50,922 crore for the September quarter.