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Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex falls 229 points, Nifty settles at 11,840 ahead of CPI data

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: Everything that happened in the stocks, money and commodity markets.

By: Express Web Desk | New Delhi | Updated: November 13, 2019 4:15:56 pm
stock markets Share Market, Gold, Petrol, Diesel Price/Rate Highlights: The frontline indices ended 0.6 per cent lower on Wednesday. (Representational image)

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: The frontline indices on the BSE and National Stock Exchange (NSE) ended around 0.6 per cent lower on Wednesday led by the last hour sell-off in banking stocks.

The sentiments were affected following a disappointing factory output data for September and weak sentiments in the global markets. Later today, the retail inflation numbers or consumer price index (CPI) data will be released at around 5:30 pm.

The S&P BSE Sensex settled at 40,116.06, down 229.02 points or 0.57 per cent. The broader Nifty 50 slipped 73.00 points or 0.61 per cent to end the day at 11,840.45.

In the broader markets, the S&P BSE MidCap index slipped 114.32 points or 0.77 per cent to settle at 14,660.03, while the S&P BSE SmallCap index ended at 13,344.69, down 152.83 points or 1.13 per cent.

Wednesday, all the sectoral indices on NSE ended in the red. The Nifty Bank index tanked 574 points or 1.84 per cent to end the day at 30,541.55. Yes Bank, State Bank of India (SBI), Axis Bank and ICICI Bank were among the top losers in the banking segment.

Apart from the banks, media stocks were the other poor performers of the day. The Nifty Media index settled 4.53 per cent lower weighed by Sun TV Network and Dish TV India.

Rupee

The rupee was trading at its day’s low, hovering near the 72/dollar mark. The domestic currency was at 71.99 against the greenback in late afteroon trade. It had settled at 71.47 in its previous close on Monday.

Global Markets

The European shares fell on Wednesday from four-year highs after US President Donald Trump threatened to “substantially” increase tariffs if China failed to agree a trade deal and also took a swipe at European Union trade policies. Concern is also growing that the intensifying unrest in Hong Kong could prompt a Chinese crackdown, pushing Hong Kong shares 2 per cent lower and weighing on markets across Asia.

MSCI’s index of world shares slipped 0.2 per cent, following a 1 per cent fall in Asian shares outside Japan. Japan’s Nikkei slipped almost 1 per cent, moving further off last week’s 13-month highs.

(Global market inputs from Reuters)

Live Blog

Markets, Gold, Rupee, Petrol, Diesel Price Highlights: All that happened in the stock markets

Highlights

    15:37 (IST)13 Nov 2019
    Markets at close on Wednesday

    The S&P BSE Sensex settled at 40,116.06, down 229.02 points or 0.57 per cent. The broader Nifty 50 slipped 73.00 points or 0.61 per cent to end the day at 11,840.45.

    15:27 (IST)13 Nov 2019
    Rupee check

    The rupee was trading at its day's low, hovering near the 72/dollar mark. The domestic currency was at 71.99 against the greenback in late afteroon trade. It had settled at 71.47 in its previous close on Monday.

    15:16 (IST)13 Nov 2019
    S&P BSE Sensex down over 200 points

    The S&P BSE Sensex was trading over 200 points lower (nearly 0.60 per cent) weighed by Yes Bank, SBI, Axis Bank and ICICI Bank.

    Check the chart below (Source: BSE)

    13:59 (IST)13 Nov 2019
    What India’s top three mutual funds bought and sold in October

    Inflows into Indian stock funds declined to the lowest since May even as the $2.1 trillion equity market rose for the second straight month in October.

    Stock plans received 60.2 billion rupees ($844 million) last month, according to the Association of Mutual Funds in India. That’s 9% less than what they got in September and the smallest inflow since May. Click here to read the report

    13:08 (IST)13 Nov 2019
    Gold prices up Rs 41 per 10 gm, silver jumps Rs 160 a kg

    Bullion prices rose in the benchmark markets on Wednesday with prices of gold inching up by Rs 41 and silver rising by Rs 160.

    The opening price of gold of 999 purity was Rs 38,168 per 10 grams, up Rs 41 from Monday's closing price of Rs 38,127, while that of 995 purity gold was Rs 38,015, up Rs 41 from Rs 37,974 on Monday, according to the data published by India Bullion and Jewellers Association (IBJA).

    Price of silver rose by Rs 160 in the early trade on Wednesday. The precious metal of 999 purity was at Rs 44,440 a kg, up Rs 160 from Rs 44,280 on Monday, the IBJA data showed.

    The markets were shut on Tuesday on account of Guru Nanak Jayanti.

    12:50 (IST)13 Nov 2019
    Petrol and Diesel prices on Wednesday

    Delhi:

    Petrol- 73.30 per litre
    Diesel- 65.79 per litre

    Kolkata:

    Petrol- 76.00 per litre
    Diesel- 68.20 per litre

    Mumbai:

    Petrol- 78.97 per litre
    Diesel- 69.01 per litre

    Chennai:

    Petrol- 76.18 per litre
    Diesel- 69.54 per litre

    Bengaluru:

    Petrol- 75.81 per litre
    Diesel- 68.03 per litre

    Source: IOCL

    12:34 (IST)13 Nov 2019
    Britannia shares jump 6 per cent after Q2 earnings

    Shares of Britannia Industries jumped 6 per cent on Wednesday after the company posted 32.90 per cent increase in consolidated net profit for the quarter ended September.

    The scrip gained 5.86 per cent to Rs 3,299 on the BSE. On the NSE, it climbed 5.75 per cent to Rs 3,299. Click here to read

    12:14 (IST)13 Nov 2019
    INTERVIEW | ‘We should have a body like the US Trade Representative… as part of PMO or MEA’ says former NITI Aayog vice chairman

    A week after India opted-out from the Regional Comprehensive Economic Partnership (RCEP) negotiations, former NITI Aayog vice chairman Arvind Panagariya said it is in India’s interest to join the proposed body. He spoke with Harikishan Sharma about RCEP and other issues. Click here to read the interview

    11:41 (IST)13 Nov 2019
    Yes Bank shares rise over 3 per cent, pares gains later

    Shares of Yes Bank rose as much as 3.22 per cent in early morning trade on Wednesday.

    The stock of the private bank had risen 3.22 per cent to Rs 75.35 on the BSE while on the National Stock Exchange (NSE), the stock gained 3.15 per cent to Rs 75.30 in the early trade on Wednesday. Click here to read the report

    11:20 (IST)13 Nov 2019
    CPI data to be released later today

    The CPI inflation data for the month of October will be released later today at 5:30 pm. According to a Reuters poll, the retail inflation is likely to have exceeded the Reserve Bank of India's medium-term target of 4 per cent in October for the first time in 15 months, mainly due to the rising prices of vegetables.

    10:19 (IST)13 Nov 2019
    Industrial production contracts 4.3 per cent in September

    The factory output for September plunged to (-) 4.3 per cent, with all three sectoral constituents — manufacturing, mining and electricity — recording negative growth, data released by Ministry of Statistics and Programme Implementation (MoSPI) Monday showed. The data was released post market hours on Monday.

    The manufacturing sector, which carries a weight of 77.63 per cent in the Index of Industrial Production (IIP), contracted for the second month in a row by 3.9 per cent in September compared to a 4.8 per cent growth last year, while mining sector output, with a weight of 14.37 per cent in the index, contracted 8.5 per cent as against 0.1 per cent growth last year, data showed. Click here to read the report

    10:10 (IST)13 Nov 2019
    Rupee check

    The rupee was trading weak in the moning trade on Wednesday, slipping to 71.78 against the US dollar, down from its Monday’s close of 71.47 against the greenback. At 10:05 am, the domestic currency was at 71.67 against the dollar.

    The currency market was shut on Tuesday on account of Guru Nanak Jayanti.

    09:50 (IST)13 Nov 2019
    Markets at open on Wednesday

    At 9:25 am, the S&P BSE Sensex was at 40,382.37, up 37.29 points or 0.09 per cent, while the broader Nifty was up 14.10 points or 0.12 per cent at 11,927.55.

    Tuesday, the markets were shut on account of Guru Nanak Jayanti.

    On Monday, the S&P BSE Sensex settled at 40,345.08, up 21.47 points or 0.05 per cent up while the broader Nifty 50 rose 4.80 points or 0.04 per cent to end at 11,912.95.