Sensex heatmap at close: Only Sun Pharma ends positive, Maruti, Tata Motors fall 5%##Sensex heatmap at close: Only Sun Pharma ends positive, Maruti, Tata Motors fall 5%

Dec 6, 2018 3:45 PM

Closing Bell: Sensex, Nifty plunge on sell-off, Only four Nifty stocks end positive##Closing Bell: Sensex, Nifty plunge on sell-off, Only four Nifty stocks end positive

Indian shares plunged on Thursday tracking global equity sell-off amid lingering concerns of slowdown and US-China trade tariff war. The Sensex dipped more than 570 points to end above 35,300, while the Nifty barely holds 10,600, dipping 182 points. Reliance Industries, HDFC, Maruti Suzuki, Infosys, Kotak Mahindra Bank, Hindustan Unilever, Axis Bank, ITC, L&T, IndusInd Bank and SBI were among the biggest drags on indexes. Only 4 Nifty stocks end in the green.

Dec 6, 2018 3:41 PM

Nifty slips below 10,600, off day's high more than 120 points##Nifty slips below 10,600, off day's high more than 120 points

Dec 6, 2018 3:22 PM

Market update: Sensex dives over 500 points, Nifty holds 10,600##Market update: Sensex dives over 500 points, Nifty holds 10,600

The Nifty traded at 10,609, dipping more than 173 points, or by 1.61 percent at 3.10 pm, while the Sensex plunged 546 points, or 1.52 percent, to 35,338. Midcaps also dipped sharply with both the Nifty MidCap and the BSE MidCap down by 1.5 percent. Only two Nifty shares, Sun Pharma, JSW Steel traded positive with the former rising more than 2 percent after a near 15 percent slump this week. Indiabulls Housing Finance, Maruti Suzuki, Tech Mahindra, Bajaj Finserv and HCL Technologies were among top laggards, falling by up to more than 5 percent.

Dec 6, 2018 3:13 PM

Deepak Fertiliser slips on report of company's alleged tax fraud##Deepak Fertiliser slips on report of company's alleged tax fraud

Shares of Deepak Fertilisers & Petrochemicals Corp. slumped to their two-and-half-year low of Rs 149.50 after reports said that the income tax department has alleged that the company tried to avoid paying tax and furnish fake depreciation claims. The income tax department had initiated search operations on the company's premises on November 15 and a week later, the company had resumed its operations, saying that the search was completed. The company , however, did not disclose any finding. The search was reportedly conducted at the company's units in Navi Mumbai, Baroda, Surat, and Pune. At 2.30 pm, shares of the company were down 3.7 percent at Rs 150. So far in 2018, the stock has fallen 64 percent. (Cogencis)

Dec 6, 2018 2:55 PM

Indices fail to hold on to recovery, slip to day's low again##Indices fail to hold on to recovery, slip to day's low again

Dec 6, 2018 2:10 PM

PFC falls ahead of Cabinet decision on PFC-REC deal##PFC falls ahead of Cabinet decision on PFC-REC deal

Shares of Power Finance Corp fell as much as 3 percent ahead of the Cabinet's meeting later in the day to discuss prospects of the company buying the government's 52.6 percent stake in REC. The government wants to raise up to Rs 150 billion by selling its stake in REC to PFC as part of its overall divestment efforts to raise Rs 800 billion in 2018-19 (Apr-Mar). Shares of Power Finance Corp were down 1 percent at Rs 91.60, while those of REC were down 0.7 percent at Rs 104.30.

Dec 6, 2018 1:55 PM

Sun Pharma headed for worst weekly loss in over 18 years##Sun Pharma headed for worst weekly loss in over 18 years

Shares of Sun Pharmaceutical Industries are up more than 2 percent on Thursday, but are headed for their worst weekly loss in over 18 years this week. The stock hit an over five-year low on Wednesday. The Mumbai-based company has lost over 15 percent of its market capitalization so far this week. Shares traded at Rs 422.50, up by 2.15 percent on the BSE at 1.37 pm.

Dec 6, 2018 1:36 PM

M&M hits 9-month low, headed for worst loss in 9 weeks##M&M hits 9-month low, headed for worst loss in 9 weeks

Shares of Mahindra & Mahindra hit a nine-month low of Rs 706.50, weighed down by continued weakness in its shares. The stock fell for the fourth session in a row today, and is down more than 10 percent for the week. At 12.55 pm, shares traded flat at Rs 718.

Dec 6, 2018 1:18 PM

Rupee recovers from intra-day low of 71.14 against the US dollar##Rupee recovers from intra-day low of 71.14 against the US dollar

Dec 6, 2018 1:02 PM

Hindustan Unilever aces weekly gains on Nifty50, hits lifetime high##Hindustan Unilever aces weekly gains on Nifty50, hits lifetime high

Shares of Hindustan Unilever are the best performers on the Nifty 50 so far this week, with over 3 percent gains. The buyout of GlaxosmithKline Consumer Healthcare has helped the company outperform the Nifty 50, which is down over 2 percent for the week. Hindustan Unilever shares hit a lifetime high of Rs 1,854.80 on Wednesday, which helped its market capitalization cross the Rs 4-trillion mark for the first time ever. At 12.22 pm, shares of HUL were down more than 2 percent at Rs 1,807.20.

Dec 6, 2018 12:38 PM

Market update: Only 3 Nifty stocks trade in the green##Market update: Only 3 Nifty stocks trade in the green

The 30-share Sensex traded a little over 35,500 at noon, down by 378 points, or 1.05 percent. The Nifty was also down by 123 points, or 1.15 percent, to trade at 10,659. Broader markets also remained subdued dragged by non-banking financial firms after the Reserve Bank of India maintained status quo in its monetary policy review meeting on Wednesday. The Nifty MidCap was down by 1.42 percent, while the BSE MidCap slipped 1.3 percent. Sectoral indices traded lower with all 43 indexes on both bourses seeing sell-off. Nifty Realty, Auto and PSU Banks were under maximum pressure. On the NSE, only 3 stocks advanced with Sun Pharma leading with nearly a percent gains. NTPC and Power Grid were the other two gainers. Indiabulls Housing Finance dipped 5 percent, leading the losers, while Maruti Suzuki also fell more than 4 percent. Tech Mahindra, HCL Technologies, Tata Motors, Grasim, ONGC, Kotak Bank, Asian Paints were other major losers.

Dec 6, 2018 12:19 PM

Yes Bank down nearly 3% on selling pressure, Sensex, Nifty fall further##Yes Bank down nearly 3% on selling pressure, Sensex, Nifty fall further

Shares of Yes Bank fell nearly 3 percent in early trade on Thursday on selling in large volumes between Rs 169 and Rs 171.20 per share. At 11.05 am, shares of Yes Bank were down 1.5% at Rs 170.90. So far in 2018, shares of Yes Bank have fallen 46 percent. Meanwhile, benchmark indexes declined further with the Nifty50 down by nearly 135 points to 10,648. The Sensex slided 393 points, or 1.10 percent, to trade at 35,491.

Dec 6, 2018 11:06 AM

Sensex falls 400 points, Nifty slips below 10,650##Sensex falls 400 points, Nifty slips below 10,650

Dec 6, 2018 10:59 AM

Global Markets: US stock futures fall, Asia follows after Canada arrests Huawei CFO##Global Markets: US stock futures fall, Asia follows after Canada arrests Huawei CFO

US stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers.

The news came as Washington and Beijing begin three months of negotiations aimed at de-escalating their bruising trade war, which is adding to global investors' worries over rising U.S. interest rates and other risks to global economic growth.

S&P500 e-mini futures fell almost 2 percent at one point in thin Asian morning trade and were last were down 1.2 percent.

The losses in the first few minutes of trading might have been even steeper, but CME Group's Chicago Mercantile Exchange implemented a series of 10-second trading halts that helped limit the initial drop.

Japan's Nikkei slid 1.7 percent, with semi-conductor related shares leading the losses. Huawei is one of the world's largest makers of smartphones and telecommunications network equipment.

(From Reuters)

Dec 6, 2018 10:52 AM

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