Equity MRK
Wednesday, May 22, 2019 2:24:00 PM  
Asian Paints  1368.00    (0.70%)
Axis Bank  778.40    (0.69%)
Bajaj Auto  3038.55    (1.94%)
Bajaj Fin.  3438.95    (0.18%)
Bharti Airtel  335.75    (1.50%)
Coal India  240.30    (1.26%)
H D F C  2143.25    (1.38%)
HCL Technologi...  1060.70    (0.35%)
HDFC Bank  2412.00    (0.34%)
Hero Motocorp  2699.05    (1.59%)
Hind. Unilever  1762.00    (-1.21%)
ICICI Bank  405.25    (1.22%)
IndusInd Bank  1517.70    (4.85%)
Infosys  710.45    (0.18%)
ITC  298.10    (-2.36%)
Kotak Mah. Ban...  1500.85    (0.92%)
Larsen & Toubr...  1455.45    (0.50%)
M & M  640.00    (0.19%)
Maruti Suzuki  6890.10    (0.47%)
NTPC  129.85    (1.09%)
O N G C  176.70    (1.38%)
Power Grid Cor...  182.65    (-0.73%)
Reliance Inds.  1343.80    (0.30%)
St Bk of India  338.15    (0.18%)
Sun Pharma.Ind...  420.55    (2.90%)
Tata Motors  179.15    (1.44%)
Tata Motors-DV...  85.30    (2.65%)
Tata Steel  474.50    (0.21%)
TCS  2085.70    (-1.11%)
Vedanta  167.00    (0.94%)
Yes Bank  138.70    (-1.63%)
Market Menu
plusminDaily Market Tracker
Corporate Information
Corporate Actions
Other Markets
Mid Session Commentary
You are here : Equity | News | Mid Session Commentary
Shares witness fresh selling pressure
(14:27, 11 Oct 2018)

After a mild recovery in afternoon trade, the market witnessed fresh selling pressure in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was down 641.25 points or 1.84% at 34,119.64. The Nifty 50 index was down 184.10 points or 1.76% at 10,276. Sentiment continued to be fragile amid dismal global cues.

Among secondary barometers, the BSE Mid-Cap index was down 1.80%. The BSE Small-Cap index was down 1.17%.

The market breadth, indicating the overall health of the market, was weak. On BSE, 789 shares rose and 1672 shares fell. A total of 125 shares were unchanged.

Banks shares tumbled. Among private sector banks, Axis Bank (down 2.17%), City Union Bank (down 0.93%), Federal Bank (down 2.72%), HDFC Bank (down 1.13%), ICICI Bank (down 1.44%), IndusInd Bank (down 2.47%), Kotak Mahindra Bank (down 2.33%) and RBL Bank (down 1.28%), edged higher. Yes Bank was up 3.31%.

Among public sector banks, State Bank of India (down 5.43%), Central Bank of India (down 4.84%), Union Bank of India (down 4.47%), Bank of India (down 3.79%), Indian Bank (down 3.62%), Syndicate Bank (down 3.46%), Vijaya Bank (down 3.4%), Punjab National Bank (down 3.17%), Canara Bank (down 2.91%), Bank of Baroda (down 2.66%), Andhra Bank (down 2.64%), Allahabad Bank (down 2.63%), Bank of Maharashtra (down 2.16%), Dena Bank (down 2.04%), United Bank of India (down 1.55%), UCO Bank (down 0.93%), Punjab & Sind Bank (down 0.77%), IDBI Bank (down 0.68%) and Corporation Bank (down 0.65%), edged lower.

Realty shares declined. DLF (down 5.14%), Prestige Estates Projects (down 5.14%), Peninsula Land (down 4.89%), Parsvnath Developers (down 4.23%), Indiabulls Real Estate (down 3.75%), Sunteck Realty (down 3.36%), Mahindra Lifespace Developers (down 3.3%), Godrej Properties (down 2.1%), Oberoi Realty (down 1.38%), Anant Raj (down 1.36%), D B Realty (down 1.25%), Phoenix Mills (down 0.8%), Unitech (down 0.8%) and Omaxe (down 0.37%), edged lower. Sobha (up 2.04%) and Housing Development and Infrastructure (HDIL) (up 2.27%), edged higher.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 74.175, compared with its close of 74.21 during the previous trading session. Rupee hit a record low of 74.50 in early deals today.

Overseas, European stocks were sharply lower, as a sell-off in US equities dragged down global markets. In Europe, Brexit is largely in focus after the European Union's chief Brexit negotiator, Michel Barnier, struck an optimistic tone on a deal for the UK's eventual withdrawal from the bloc, saying an agreement was achievable as soon as next week.

Asian shares slumped on Thursday after Wall Street suffered its worst drubbing in eight months. Investors are turning their attention to Chinese trade data due Friday for a read on whether the trade dispute is seeping through in the data. They'll also be keeping an eye on inflation data scheduled for Thursday in the US.

US stocks slumped to close sharply lower Wednesday as the Dow Jones Industrial Average sank and the S&P 500 had its worst day since February as technology stocks went into a freefall. Investors spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The surge in bond yields made stocks look less attractive compared to bonds while also threatening to curb economic activity and profits.

President Donald Trump reportedly knocked the US Federal Reserve for continuing to raise interest rates despite some recent market turbulence. Trump's comments on the central bank Wednesday came a day after he said he did not like what they were doing in terms of monetary policy.

In the latest US economic data, the producer-price index rose 0.2% in September, while the core PPI was up 0.4%. Separately, wholesale inventories in the US rose 1% in August.

Powered by Capital Market - Live News