Companies and Markets

Companies & Markets

Sensex slips for 2nd day, global cues weigh

Market was at a loss for direction for the second day today as the Sensex moved in a tight range and ended with a negative bias due to sustained capital outflows amid subdued global cues.
In contrast, broader markets -- small-cap and mid-cap indices -- ran up.
The Sensex ended lower by 13.89 points, or 0.04 per cent, at 31,283.64.
The gauge had lost 14.04 points in the previous session.
The NSE Nifty closed at 9,633.60, down 19.90 points, or 0.21 percent. It moved between 9,608.60 and 9,650.45.

Sensex makes a shaky start as oil heads down

The Sensex took off on a bumpy note -- in step with Asia -- by stumbling 63 points today as oil prices took a big beating on concerns of oversupply.
A low-lying rupee against the dollar proved to be a drag.
The 30-share barometer hit 31,234.98, lower by 62.55 points, or 0.19 per cent. Sectoral indices such as metal, IT, technology, oil and gas, consumer durables, auto and banking traded in the red.
The gauge lost 14.04 points in the previous session.
On similar lines, the NSE Nifty declined by 26 points, or 0.28 per cent, to 9,627.50.

Sensex off record high on GST worries

The Sensex made a retreat from record high today to close slightly down in a choppy session as investors took to caution on perceived GST hiccups.
Global shares offered a mixed picture. Power, banking and FMCG stocks saw profit taken off the table.
The BSE 30-share barometer touched a high of 31,392.53, but settled at 31,297.53, down by 14.04 points, or 0.04 per cent. The gauge had rallied 255.17 points in the previous session to an all-time closing high of 31,311.57.
The Nifty shed 4.05 points, or 0.04 per cent, to close at 9,653.50.

WDM witnesses trade worth Rs 3,809.31 cr on NSE

The wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 3,809.31 crore in 86 trades.
Top securities (non-repo) traded at the WDM were: The 8.13 per cent government securities maturing in CG2045 traded value at Rs 450.00 crore at weighted yield of 6.85 per cent, the 8.30 per cent government securities maturing in CG2040 traded value at Rs 305.00 crore at weighted yield of 7.18 per cent and the 6.79 per cent government securities maturing in CG2029 traded value at Rs 300.00 crore at weighted yield of 6.74 per cent, NSE release said.

Sensex surrenders record gains on GST blues, mixed global cues

The BSE Sensex slipped from record highs to close down by over 14 points today on profit-booking in recent gainers as investors turned cautious apprehending early glitches in GST rollout amid mixed global cues.
The BSE 30-share barometer, after charting the positive terrain for the better part of the session, touched a high of 31,392.53, but slipped to 31,261.49 in late afternoon deals on across-the-board profit booking, especially in power, banking and FMCG counters.
The index finally settled at 31,297.53 points, down 14.04 points, or 0.04 percent, over the previous close.

Sensex adds to gains, up 81 pts on overseas cues

The Sensex started to capitalise on earlier gains by jumping 81 points to 31,393 today as rising Asian shares kept the pitch conducive to buy more.
An upbeat assessment of the US economy by a top Federal Reserve official took Wall Street to a record close, which had a rub-off on Asia.
The 30-share BSE index rose 80.96 points, or 0.25 per cent to 31,392.53. It had gained 255.17 points in the previous session.
Also, the 50-share NSE Nifty moved to 9,674.80, up 17.25 points, or 0.17 per cent.

Insolvency proceedings credit positive

Credit rating agency Moody's Investors Service India on Monday said the RBI-initiated insolvency proceedings against 12 large loan defaulters is credit positive for Indian banks as it will eventually improve their asset quality.
The Reserve Bank last Wednesday said it has identified 12 large loan defaulters, which account for 25 per cent of the total non-performing assets, or bad loans, in the banking sector and will be referred to the banks concerned for filing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC).

Sensex in line with Asia, gains 146 pts; Nifty tops 9,600

The Sensex made a good start today latching onto the progress made on the GST front by bouncing over 146 points and the NSE Nifty retook 9,600 amid a rising trend in Asia.
Risk-on improved after the GST Council yesterday relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime even as it stuck to the July 1 launch date.

Sensex bounces 107 pts on exports growth, Nifty above 9,600

The BSE Sensex rebounded 107 points and the NSE Nifty reclaimed the 9,600-mark today, propelled by the exports growth in May amid mixed Asian cues.
The 30-share index recovered sharply by 107 points, or 0.34 per cent, to 31,182.73, with all sectoral indices led by auto, consumer durables, realty and oil and gas trading in the positive zone.
The gauge had lost 80.18 points in the previous session. The NSE Nifty moved up by 30.10 points, or 0.31 per cent, to 9.608.15.