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Monday, October 22, 2018
Friday, October 19, 2018
Indices under pressure as Nifty slips below 10,300; NBFC stocks down 3-15%
Dealers said the Reserve Bank of India's steps to ease liquidity concerns of NBFCs also helped the domestic currency.
At the Interbank Foreign Exchange, the rupee opened lower at 73.62, but soon recovered the lost ground and jumped 19 paise to touch a high of 73.42 on increased selling of the American currency by exporters and banks.
The rupee sentiment also received a boost after a steep fall in Brent crude prices Thursday following a surprise jump in US stockpiles and lingering worries about Chinese growth outlook.
Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher US interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session. Early in the trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.4 percent weaker following losses on Wall Street overnight, reported Reuters.
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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-under-pressure-as-nifty-slips-below-10300-nbfc-stocks-down-3-15-3062251.html
Wednesday, October 17, 2018
Closing Bell: Sharp sell-off in last hour drags Sensex by 382 pts, Nifty around 10,450; midcaps crack
A huge reversal in trend played on the market today as weakness in financials weighed big on Sensex and the Nifty. The 50-share index, which rose above 10,700 in the opening tick, ended the day just above 10,450.
Non-banking financial companies (NBFCs), particularly housing finance companies, saw a big fall, which spilled over to other financial names as well. As a result, sectoral indices such as PSU banks as well as Bank Nifty ended 1.5-3 percent lower. A sell-off in the midcaps segment also added to the weak sentiment.
Automobiles, metals, pharmaceuticals and energy sectors were the other big losers.
At the close of market hours, the Sensex is down 382.90 points or 1.09% at 34779.58, while the Nifty ended lower by 131.80 points or 1.25% at 10453.00. The market breadth was negative as 705 shares advanced, against a decline of 1,884 shares, while 942 shares were unchanged.
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Source:https://www.moneycontrol.com/news/business/markets/closing-bell-stock-market-live-updates-bse-nse-sharp-sell-off-in-last-hour-drags-sensex-by-382-pts-nifty-around-10450-midcaps-crack-3053671.html
Indices trim early gains, Sensex up 150 pts, Nifty around 10,600; NBFCs struggle
Equities are off their high points on the back of some selling in the non banking financial companies and some names in the pharmaceutical space.
The Sensex is up 255.10 points or 0.73% at 35417.58, while the Nifty is higher by 69.30 points or 0.65% at 10654.10. The market breadth is positive as 1,152 shares advanced, against a decline of 400 shares, while 1,965 shares were unchanged.
Automobile stocks have lost some sheen, while banks, consumption and IT space continue to rise higher. Midcaps have witnessed some selling as well.
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