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Friday, June 05, 2020

Market Highlights: Sensex slips 205 points, Nifty ends at 12,170 weighed by auto, metal stocks

Share Market, Stock Market Highlights: Everything that happened in equity, commodity and money markets.

By: Express Web Desk | New Delhi | Updated: January 21, 2020 5:20:42 pm
share markets, markets Share Markets, Rupee, Gold, Commodity Prices Live News Updates: Indices opened lower on Tuesday. (Representational image)

Share Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended lower for the second straight day on Tuesday weighed by a fall in the shares of automobiles and metal companies.

The S&P BSE Sensex slipped 205.10 points (0.49 per cent) to end at 41,323.81, while the broader Nifty 50 settled at 12,169.85, down 54.70 points (0.45 per cent).

Among the sectoral indices on NSE, the Nifty Auto index fell 1.28 per cent on Tuesday driven by Mahindra & Mahindra (M&M), Tata Motors and Maruti Suzuki India. This apart, the Nifty Metal index too slipped 1.27 per cent weighed by Tata Steel.

In the broader market, the S&P BSE MidCap index ended at 15,586.67, down 32.19 points or 0.21 per cent, while the S&P BSE SmallCap ended little changed at 14,651.76.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

17:20 (IST)21 Jan 2020
Rupee close

Rupee settles 10 paise down at 71.21 against US dollar.

(PTI)

16:18 (IST)21 Jan 2020
MARKET QUOTE | Santosh Meena, Senior Analyst, TradingBells on Nifty

"Technically, bullish texture has disturbed after a vertical sell-off from the all-time high of 12,430 where 50-DMA of 12,101 is the immediate support, below this 12,025 will be the next important support level. If Nifty manages to hold 12,100-12,025 support zone then it may resume its uptrend otherwise it may continue its downward journey towards 11,850 level. In the upside 12,220-12,300 will act as an immediate supply zone."

15:49 (IST)21 Jan 2020
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Tuesday's market performance

"Investors are profit booking in mid & small caps post the decent pre-budget rally. Some subdued results in Q3 compared to the solid expectation has triggered a consolidation in the market. We believe this is a rational reaction of the market which will hold in the short-term and can reverse as per the final outcome of Budget & Q3FY20 results."

15:46 (IST)21 Jan 2020
BSE Sensex: Gainers and losers of the day

Tata Steel, M&M, Maruti, Asian Paints, Power Grid and ITC were among the top losers on the Sensex pack.

Here is how the stocks in the 30-share benchmark performed:

Source: BSE
15:33 (IST)21 Jan 2020
Equity markets at close

The S&P BSE Sensex slipped 205.10 points (0.49 per cent) to end at 41,323.81, while the broader Nifty 50 settled at 12,169.85, down 54.70 points (0.45 per cent).

15:14 (IST)21 Jan 2020
Soybean futures dip on low demand

Soybean prices on Tuesday fell by Rs 30 to Rs 4,204 per quintal in futures market as traders cut down their positions amid weak cues from physical markets.

On the National Commodity and Derivatives Exchange, soybean to be delivered in February contracts moved down by Rs 30, or 0.71 per cent, to Rs 4,204 per quintal with an open interest of 1,83,940 lots. Soybean for delivery in March contracts also eased by Rs 28, or 0.66 per cent, to Rs 4,214 per quintal with an open interest of 1,10,975 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.

(PTI)

15:14 (IST)21 Jan 2020
Refined soya oil futures decline on soft demand

Refined soya oil prices on Tuesday fell by Rs 9.8 to Rs 888.2 per 10 kg in futures trade as speculators reduced holdings amid subdued demand at spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 9.8, or 1.09 per cent, to Rs 888.2 per 10 kg in 57,825 lots. The refined soya oil contracts for March dropped by Rs 12.6, or 1.42 per cent, to Rs 876 per 10 kg in 27,160 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

(PTI)

15:11 (IST)21 Jan 2020
Mustard seed futures drop on tepid demand

Mustard seed prices on Tuesday dropped by Rs 21 to Rs 4,265 per quintal in futures trade as speculators cut down their positions on subdued demand.

On the National Commodity and Derivatives Exchange, mustard seed contracts for February delivery fell by Rs 21, or 0.49 per cent, to Rs 4,265 per quintal in a business turnover of 12,690 lots. Mustard seed contracts for April delivery declined by Rs 5, or 0.12 per cent, to Rs 4,296 per quintal in a business turnover of 12,370 lots.

Marketmen said offloading of positions by participants following a weak trend in spot market mainly led to fall in mustard seed prices.

(PTI)

15:10 (IST)21 Jan 2020
Guar seed futures up on spot demand

Guar seed prices on Tuesday rose by Rs 18 to Rs 4,120 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.

On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 18, or 0.44 per cent, to Rs 4,120 per 10 quintal with an open interest of 90,115 lots.

Similarly, guar seed for March delivery gained Rs 14, or 0.34 per cent to Rs 4,158 per 10 quintal with an open interest lots of 6,080.

According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.

(PTI)

15:10 (IST)21 Jan 2020
Guar gum futures rise on spot demand

Guar gum prices on Tuesday rose by Rs 18 to Rs 7,328 per five quintal in futures trade as investors increased their holdings on spot demand.

Analysts said raising of bets by traders following a firm trend in physical market mainly led to rise in guar gum prices.

On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery gained by Rs 18, or 0.25 per cent, to Rs 7,328 per five quintal with an open interest of 54,985 lots. Similarly, guar gum for March delivery rose by Rs 12, or 0.23 per cent, to Rs 7,469 per five quintal with an open interest of 59,130 lots.

(PTI)

15:09 (IST)21 Jan 2020
Cottonseed oil futures ease on low demand

Cottonseed oil cake prices on Tuesday fell by Rs 21 to Rs 2,050 per quintal in futures trade as participants reduced their bets amid a weak trend at spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in January fell by Rs 21, or 1.01 per cent, to Rs 2,050 per quintal with an open interest of 96,480 lots. Cottonseed oil cake for delivery in February went down by Rs 19, or 0.91 per cent, to Rs 2,077 per quintal in 16,510 lots.

(PTI)

15:01 (IST)21 Jan 2020
Coriander futures fall on weak cues

Coriander prices on Tuesday fell by Rs 10 to Rs 6,925 per quintal in futures trade as speculators reduced their positions amid sluggish demand at spot market.

On the Multi Commodity Exchange, coriander contracts for April slumped by Rs 10, or 0.14 per cent, to Rs 6,925 per quintal in 9,080 lots.

Market analysts said subdued demand in spot market mainly led to decline in coriander prices in futures trade.

(PTI)

14:59 (IST)21 Jan 2020
Zinc futures slide on subdued demand

Zinc prices on Tuesday fell by Rs 3 to Rs 186.75 per kg in futures trade as speculators cut bets amid easing demand at spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery moved down by Rs 3, or 1.58 per cent, to Rs 186.75 per kg in a business turnover of 1 lots.

Analysts said offloading of positions by traders owing to slackened demand from consuming industries in physical market mainly weighed on zinc prices in futures trade here.

(PTI)

14:59 (IST)21 Jan 2020
Copper futures slide on tepid demand

Copper futures on Tuesday traded 0.76 per cent lower at Rs 452 per kg as speculators reduced their exposure on weak spot demand.

On the Multi Commodity Exchange, copper contracts for January delivery fell by Rs 3.45, or 0.76 per cent, to Rs 452 per kg in a business turnover of 1,858 lots. Similarly, copper contracts for February delivery traded lower by Rs 3.25, or 0.72 per cent, at Rs 451.25 per kg in a business turnover of 366 lots.

Traders said weak demand in spot market mainly pushed down copper prices here.

(PTI)

14:58 (IST)21 Jan 2020
Nickel futures fall on muted demand

Nickel futures on Tuesday declined by Rs 14.40 to Rs 1,020.80 per kg due to reducing of positions by speculators amid sluggish demand at spot market.

On the Multi Commodity Exchange, nickel contracts for January delivery fell by Rs 14.40, or 1.39 per cent, to Rs 1,020.80 per kg with a business turnover of 2,889 lots. Similarly, nickel contracts for February delivery dropped by Rs 12.90, or 1.26 per cent, to Rs 1,007.60 per kg in 298 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel futures prices here.

(PTI)

14:38 (IST)21 Jan 2020
Income Tax havens: These seven countries have no income tax

Income tax is levied by most countries today and is paid at varied rates depending on a country’s tax laws. Income tax is essentially a tax charged on the net income of an individual or a business. This tax has to be filed annually by the taxpayer and it acts as a source of revenue for governments.

In 2019 the highest income tax was collected in Sweden where individuals with highest incomes paid more than 50 per cent of their taxable income. Countries situated in Northern Europe and North Atlantic generally have greater income taxes. Click here to read the story

14:31 (IST)21 Jan 2020
Crude oil futures slip on subdued global cues

Crude oil futures on Tuesday fell by Rs 32 to Rs 4,150 per barrel after participants reduced positions tracking a subdued demand at the spot market.

On the Multi Commodity Exchange, crude oil for February delivery dropped by Rs 32, or 0.74 per cent, to Rs 4,150 per barrel with a business volume of 24,027 lots. Crude oil for March delivery was quoting lower by Rs 30, or 0.72 per cent, at Rs 4,157 per barrel with an open interest of 586 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.

Globally, West Texas Intermediate crude oil traded 0.58 per cent lower at USD 58.20 per barrel. Brent Crude, the international benchmark, dropped 0.84 per cent to trade at USD 64.65 per barrel in New York.

(PTI)

14:30 (IST)21 Jan 2020
Silver futures gain on global cues

Silver prices on Tuesday rose by Rs 238 to Rs 46,939 per kg in futures trade as participants widened their bets amid a firm trend in precious metal overseas.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 238, or 0.51 per cent, to Rs 46,939 per kg in 2,992 lots. Similarly, the white metal for delivery in May was trading higher by Rs 217, or 0.46 per cent, to Rs 47,386 per kg in 16 lots.

Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

In the international market, silver was up 0.15 per cent at USD 18.10 an ounce in New York.

(PTI)

13:47 (IST)21 Jan 2020
Gold futures gain Rs 203 to Rs 40,150 per 10 gm

Gold prices on Tuesday rose by Rs 203 to Rs 40,150 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 203, or 0.51 per cent, to Rs 40,150 per 10 gram in a business turnover of 1,873 lots. The yellow metal for April delivery traded higher by Rs 208, or 0.52 per cent, at Rs 40,269 per 10 gram in a business turnover of 455 lots.

Fresh positions built up by participants taking positive cues from global markets mostly led to the rise in gold prices, analysts said.

Globally, gold prices rose 0.37 per cent to USD 1,566 per ounce in New York.

(PTI)

13:37 (IST)21 Jan 2020
Info Edge shares rise over 3% after Zomato aquires Uber Eats’ India business

Shares of Info Edge (India) rose as much as 3.36 per cent to Rs 2,676.10 apiece on the BSE in the intraday trade on Tuesday after online food ordering platform Zomato acquired the India business of Uber Eats.

On the National Stock Exchange (NSE), the scrip rose as much as 3.21 per cent to Rs 2,675.00 per share. Click here to read the complete story

On Monday, the S&P BSE Sensex crashed 416.46 points or 0.99 per cent to settle at 41,528.91, while the Nifty 50 ended at 12,224.55, down 127.80 points or 1.03 per cent. Earlier in the day, the Sensex had climbed 328.50 points to scale a record high of 42,273.87 in the opening deals. The 50-share NSE benchmark also rose 78.15 points to touch a record of 12,430.50.

The losses in the 30-share BSE benchmark was led by oil-to-telecom behemoth RIL which fell 3.08 per cent on Monday. Private banks HDFC Bank (down 1.80 per cent) and Kotak Mahindra Bank (down 4.70 per cent) and information technology (IT) giant Tata Consultancy Services (TCS) (down 2.16 per cent) were the other top contributors to Monday’s fall.