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Business News/ Market / Stock-market-news/  Market Wrap: Sensex closes 100 points lower, Nifty at 10,370, PSU bank stocks fall
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Market Wrap: Sensex closes 100 points lower, Nifty at 10,370, PSU bank stocks fall

BSE Sensex closed lower by 105.85 points at 33,618.59, while the Nifty 50 fell 29.30 points to close at 10,370.25. Here are the latest updates from the markets

BSE Sensex and NSE Nifty closed lower on Tuesday. Photo: ReutersPremium
BSE Sensex and NSE Nifty closed lower on Tuesday. Photo: Reuters

MUMBAI :Mumbai: BSE Sensex and NSE Nifty closed lower on Tuesday, breaking their eight-day winning streak dragged by market heavyweights such as Reliance Industries, Infosys, Sun Pharma and ICICI Bank. Traders are also cautious ahead of September-quarter gross domestic product (GDP) data due on 30 November. PSU bank, consumer durables and oil and gas stocks suffered most losses. Maruti, HDFC, Coal India and Asian Paints were the top gainers, whereas shares of NTPC, Bharti Airtel and Infosys fell. BSE Midcap and Smallcap rose 0.10% and 0.27%, respectively. Here are the latest updates from the markets:

28 Nov 2017, 03:34:00 PM IST

Closing bell

BSE Sensex closed lower by 105.85 points, or 0.31%, at 33,618.59, while the Nifty 50 fell 29.30 points, or 0.28%, to close at 10,370.25.

28 Nov 2017, 03:05:00 PM IST

Sectoral indices

Among the sectoral indices, the BSE Telecom fell most at 1.23% followed by consumer durables 0.87%, teck 0.64% and IT 0.56%. On the NSE, the Nifty PSU Bank fell 1%. Consumer discretionary and goods services, basic materials, FMCG, finance, auto and metal were trading in positive territory.

28 Nov 2017, 02:22:00 PM IST

Market update

BSE Sensex traded lower by 115.88 points, or 0.34%, at 33,608.56, while the Nifty 50 fell 43.35 points, or 0.42%, to 10,356.20.

28 Nov 2017, 02:15:00 PM IST

Rupee hits two-week high; bond yield edges down

The rupee was trading at 64.40 a dollar, up 0.16% from its Friday’s close of 64.50. The rupee opened at 64.49 a dollar and touched a high of 64.36—a level last seen on 20 September.After hitting 15 month high, bond yield fell marginally. The 10-year bond yield was at 7.055%, compared to its previous close of 7.056%. Bond yields and prices move in opposite directions.

28 Nov 2017, 01:28:00 PM IST

BHEL shares rise on new order

Bharat Heavy Electricals Ltd (BHEL) said it has won an order for setting up six decentralised sewage treatment plants in Raipur, Chhattisgarh, reported Reuters. Shares were up 1.52% to Rs93.45.

28 Nov 2017, 01:25:00 PM IST

Jindal Drilling receives contract from ONGC

Jindal Drilling and Industries Ltd said it has received a contract from Oil and Natural Gas Corp. Ltd for charter hire of offshore drilling rig. The company’s shares rose 2.35% to Rs165.50.

28 Nov 2017, 12:27:00 PM IST

Market update

BSE Sensex traded lower by 69.37 points, or 0.21%, at 33,655.07, while the Nifty 50 fell 15.75 points, or 0.15%, to 10,383.80.

28 Nov 2017, 12:25:00 PM IST

Top gainers and losers

Maruti, Tata Steel, HDFC and Coal India were the top gainers with gains to the tune of 1.16%, 0.98%, 0.94% and 0.61%, respectively. Meanwhile, shares of NTPC, ONGC and Power Grid fell 1.29%, 1.25% and 1.21%, respectively.

28 Nov 2017, 11:23:00 AM IST

GMR plans IPO by June 2018

GMR Airports Ltd, which operates India’s largest airport in New Delhi, is meeting investment bankers across three days, starting Monday, as it prepares to launch its initial share offering (IPO) planned by June, a person aware of the matter told Mint.

28 Nov 2017, 10:47:00 AM IST

Market update

BSE Sensex traded lower by 31.10 points, or 0.09%, at 33,693.34, while the Nifty 50 fell 3.40 points, or 0.03%, to 10,396.15.

28 Nov 2017, 10:40:00 AM IST

Time Technoplast shares gain as brokerage firm raises price target

Time Technoplast Ltd rose 5.4% to Rs197.50 after Brokerage firm ICICI Direct initiated buy rating with price target of Rs230 a share.

28 Nov 2017, 10:35:00 AM IST

Mahanagar Gas shares rise

Mahanagar Gas Ltd rose 2% to Rs1,125.55 after brokerage firm Motilal Oswal initiated Neutral rating with price target of Rs1,219 a share.

28 Nov 2017, 10:30:00 AM IST

Rallis India shares up on stake sake

Rallis India Ltd rose 5% to Rs241.10 after Franklin Templeton mutual fund bought 17.81 lakh shares, or 0.9% stake, at Rs230 each.

28 Nov 2017, 10:25:00 AM IST

ICICI Prudential’s Bharat 22 ETF rises 3.5% on market debut

The Bharat 22 exchange-traded fund (ETF), operated by ICICI Prudential Asset Management Co., rose as much as 3.5% on its debut on Tuesday, after the issue saw a robust response earlier this month.

28 Nov 2017, 09:40:00 AM IST

RCom shares fall 7% as China Development Bank files insolvency case

Reliance Communications Ltd fell 7% to Rs12.45 after China Development Bank has become the first lender to file a case against debt-ridden Reliance Communications Ltd (RCom) under the Insolvency and Bankruptcy Code.

28 Nov 2017, 09:35:00 AM IST

Glenmark Pharma shares fall 2% after US FDA issues observations

Glenmark Pharmaceuticals Ltd fell 2% to Rs580.50 after CNBC reported that the US drug regulator issued seven observation to its Baddi unit.

28 Nov 2017, 09:30:00 AM IST

Eris Lifesciences shares gain on outperform rating from Credit Suisse

Eris Lifesciences Ltd rose 3.5% to Rs673.25 after brokerage firm Credit Suisse initiated outperform rating with a price target of Rs770 a share.

28 Nov 2017, 09:22:00 AM IST

Sensex, Nifty open lower

BSE Sensex opened lower by 44.92 points, or 0.13%, at 33,679.52, while the Nifty 50 fell 18.25 points, or 0.18%, to 10,381.30.

28 Nov 2017, 09:16:00 AM IST

Rupee trades lower against US dollar

The Indian rupee on Tuesday was trading marginally lower against the US dollar, tracking losses in the Asian currencies market. The home currency was trading at 64.56 a dollar, down 0.08% from its Monday’s close of 64.50. The rupee opened at 64.49 a dollar.

28 Nov 2017, 09:13:00 AM IST

Bond yield rises

India’s 10-year bond yield on Tuesday gained for sixth consecutive session to hit a 15-month high as traders were concerned on fiscal slippages after government’s goods and services tax collection slipped nearly 10% from a month ago. The 10-year bond yield was at 7.073%, a level last seen on 6 September 2016, compared to its previous close of 7.056%.

28 Nov 2017, 09:10:00 AM IST

Asian currencies trade lower

Asian currencies were trading lower. China offshore spot was down 0.14%, Japanese yen 0.14%, South Korean won 0.12%, China renminbi 0.12%, Indonesian rupiah 0.11%, Malaysian ringgit 0.09% and Singapore dollar 0.07%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 92.917, up 0.03% from its previous close of 92.904.

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