3.54 PM: Sensex sheds 300 points, Nifty gives up 10,700; IT, metals & pharma crack
It’s a negative end for the market on Tuesday, failing to cash in on the positive start it had at the start of this week. The Nifty has ended below 10,700, with immense selling seen among all sectors. Selling was visible the most among sectors such as IT, metals and pharmaceuticals. Meanwhile, financials, automobiles and consumption also saw weak trades. In the broader markets, the Nifty Midcap index ended the day over a percent lower. At the close of market hours, the Sensex shut down 300.37 points or 0.84% at 35474.51, while the Nifty ended lower by 107.20 points or 1.00% at 10656.20. The market breadth was negative as 857 shares advanced, against a decline of 1,706 shares, while 150 shares were unchanged. Adani Ports, IndusInd Bank, and GAIL were the top gainers, while Yes Bank, Tata Steel and Hindalco lost the most.
11.09 AM: The benchmark indices are trading lower with Nifty
The benchmark indices are trading lower with Nifty holding above 10,700 level. The Sensex is down 124.18 points at 35650.70, while Nifty down 49.90 points at 10713.50. About 895 shares have advanced, 1125 shares declined, and 100 shares are unchanged. Varun Beverages, Yes Bank, Indiabulls Housing, Jet Airways and Dewan Housing are the most active shares on BSE.
10.35 AM: Yes Bank shares slipped as much as 6.5 percent in morning
Yes Bank shares slipped as much as 6.5 percent in morning after the third board member resigned on Monday. The private sector lender informed exchanges that Rentala Chandrashekhar, Independent Director has tendered his resignation from the bank's board, with immediate effect, due to personal reasons. It was the third member to resign from the bank's board after Vasant Gujarathi and Ashok Chawla tendered their resignation as an independent director and non-executive (independent) chairman of the board on November 14.
9.25 AM: Benchmark indices started the day on flat note with Nifty slipped below 10,750 level
Benchmark indices started the day on flat note with Nifty slipped below 10,750 level. Nifty bank and Nifty midcap 100 are trading lower by 0.40 percent. At 09:16 hrs IST, the Sensex is down 88.42 points at 35,686.46, while Nifty down 30.40 points at 10733. About 262 shares have advanced, 502 shares declined, and 34 shares are unchanged. Wipro, HCL Tech, M&M, Bharti Airtel, Indiabulls Housing, Hindalco are trading lower, while oil marketing companies are trading higher.
15.35 PM: Sensex ends over 300 points higher, Nifty above 10,750; consumption, metals gain big
It’s a strong start to the week, with the Sensex ending over 300 points higher, while the Nifty surged past 10,750 on the back of intense buying. Buying counters were buzzing among sectors such as automobiles, consumption, energy, infrastructure, IT, metals and pharmaceuticals as well. In the broader markets, the Nifty Midcap index rose around half a percent. Financials saw a rally as news reports indicated that the central bank was open to tweaking/review of PSU banks’ prompt corrective action (PCA) plan. At the close of market hours, the Sensex closed up 317.72 points or 0.90% at 35774.88, while the Nifty was higher 81.20 points or 0.76% at 10763.40. The market breadth was narrow as 1,330 shares advanced, against a decline of 1,278 shares, while 160 shares were unchanged. Yes Bank and ITC were the top gainers, while ONGC, ICICI Bank, Indiabulls Housing and GAIL lost the most.
11.38 AM: Nifty flat, Sensex up 100 pts; Infra, PSU banks under pressure ahead of RBI board meet outcome
Benchmark indices are trading firm buy off day's high with Nifty holding just above 10,700 level and Sensex is up 100 points. The Sensex is up 104.60 points at 35,561.76, while Nifty up 20.80 points at 10703. About 1115 shares have advanced, 1055 shares declined, and 127 shares are unchanged. Yes Bank, Tata Motors, Vedanta, Sun Pharma and ITC are the top gainers on the Sensex.
10.07 AM: Sensex off highs, Nifty continues to hold 10,700; RBI Board meet begins
Yes Bank surges 6% Shares of Yes Bank are higher by 6 percent after ratings agency ICRA affirmed long term rating of AA+ for the bank with negative implications. Equity benchmarks were higher on Monday morning, with Sensex rising over 100 points. The Nifty held 10,700. The Sensex is up 106.39 points or 0.30% at 35563.55, while the Nifty was higher by 21.80 points or 0.20% at 10704.00. The market breadth was narrow as 899 shares advanced, against a decline of 712 shares, while 80 shares unchanged.
9:23 AM: Sensex gains 150 points, Nifty above 10,700; Jet Airways down 10%
Equity benchmarks have opened higher on Monday with Nifty is well above 10,700 mark, while Sensex also gained more than 150 points. At 09:16 hrs, the Sensex is up 160.65 points at 35,617.81, while Nifty is up 40.60 points at 10722.80. About 536 shares have advanced, 231 shares declined, and 44 shares are unchanged. Jet Airways down 10 percent, Bharti Airtel is down 2 percent, Siemens is down 4 percent, HPCL, IOC, ICICI Bank, Axis Bank are among major losers. Tata Investment gained 7 percent.
BANKNIFTY Future View 19th Nov 2018
BANKNIFTY Future Friday Close: 26253.9 Pivot Point= 26244 Today BANKNIFTY Future is facing Resistance of 26340 & 26430. If cross 26620 with volume will see more strength till 26810. But Stay caution at higher levels. Today BANKNIFTY Future can be considered as major Support at 26155 & 26055. If not sustain 25866 then will see more down fall till 25680. Don’t short at lower levels.
Nifty Future View 19th Nov 2018
NIFTY Future Friday Close: 10687.25 Pivot Point= 10677 Today NIFTY Future is facing Resistance of 10720 & 10750. If cross above 10825 and hold above the level with volume will see more strength 10900. But Stay caution at higher levels. Today NIFTY Future can be Considered as Support at 10645 & 10605. If not sustain 10531 then will see more down fall till 10460. Don’t short at lower levels.