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Reference indices BSE Sensex and Nifty Nifty 50 translate into a reduction in losses in global markets. Photo: Mint
- Mumbai: Reference Indices BSE Sensex and Nifty Nifty 50 fell almost 1% Tuesday, in line with the weakness of global equity markets and after the outcome of the RBI board meeting to boost lending he did not impress investors. Reliance, HDFC, Infosys and ICICI Bank contributed the most to the 300-point drop in the Sensex. Yes The Bank's shares have decreased by 6% after an independent director has resigned from the company's board of directors. The Indian rupee gained today for the sixth consecutive session. Today the rupee has reached a maximum of two months of 71.28 against the US dollar and is destined to the longest series of victories in over a year.In global markets, European and Asian equities declined, registering a rout of US equities that seemed set to intensify on Tuesday among investors' jitters over the technology sector and trade. Oil prices have plummeted in a large stock market. Here are the latest updates from the markets:
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3.36 pm IST Closing bell: Sensex, Nifty closes by 1% lessThe BSE Sensex closed 300.37 points, or 0.84%, down to 35.474.51, while the Nifty 50 closed 107.20 points, or 1%, lower than 10.656.20. The MidCap and SmallCap BSE indices decreased by 1.02% and 0.92%, respectively.All sector BSE indices decreased with the metal losing more than 2.8%. Basic materials, IT, teak, oil and gas, healthcare, durable consumer goods and telecommunications fell more than 1%.IndusInd Bank, Adani Ports, M & M, GAIL and Bajaj Finance were among the first to obtain key indices, while Yes Bank, Tata Steel, Vedanta, Wipro and Indiabulls Housing Finance were the biggest losers.
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15.25 IST Gold prices fall by Rs 100 on weak demandGold prices fell Rs 100, extending its slide for the second day in the face of a lukewarm demand from local jewelers, even if the precious metal had rooted itself globally. Silver has followed the example and lost the Rs 200, due to the reduction of expulsion by industrial units and coin producers. In Delhi, gold rates of 99.9% and 99.5% purity decreased by Rs 100 each at Rs 32,000 and Rs 31.850 by 10 grams, respectively. He had paid Rs 50 Monday. The sovereign gold, on the other hand, remained unchanged at Rs 24,800 per piece of eight grams in scattered contracts. PTI
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3.02 pm IST Fortis Malar hospitals are opened by IHH HealthcareFortis Malar Hospitals said it had received an open offering for the acquisition of up to 4,894,308 company shares at a price of Rs 60.1 from Northern TK Venture Pte. Ltd along with IHH Healthcare Berhad and Parkway Pantai Ltd. Fortis Malar shares are traded from 1.67% to 57.95 R $ per share.
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14.47 IST Oil prices are reduced as market sales outweigh fears on supplyOn Tuesday, the market lost ground due to a worsening economic outlook and an increase in production in the US exceeded the expected supply cuts by the Organization of Petroleum Exporting Countries (OPEC). Brent crude futures, the international benchmark for oil prices, stood at $ 66.43 a barrel at 0608 GMT, down 36 cents, or 0.5 percent, from their last close. US crude oil futures West Texas Intermediate (WTI) were at $ 56.97 a barrel, 23 cents, 0.4%, below their last deal. The declines followed price increases at the start of the session. Reuters
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14.35 TSI Market update: Sensex, Nifty falls almost to 1%The BSE Sensex traded 300.57 points, or 0.84%, down to 35.474.31, while the Nifty 50 lost 106.20 points, or 0.99%, to 10.657.20. The MidCap and Smallcap BSE indices decreased by 0.9%, respectively.All sector BSE indices were traded on the downside and the metal lost most of it to 2.7%. Basic materials, IT, teak, health care, durable consumer goods and energy fell more than 1%.
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14-16 IST European equities are traded on the downsideEuropean shares have fallen, driven by technology and bank shares. The Stoxx Europe 600 index fell 0.7%, reaching its lowest level in over three weeks with its fifth consecutive decline. Futures on the S & P 500 index fell 0.5% to a minimum in three weeks. The Italian FTSE MIB index decreased by 0.5%, touching the minimum in more than three weeks with its fifth consecutive decline. The FTSE 100 index of the U.K. fell 0.4%. The MSCI All-Country World Index decreased by 0.3% to a minimum in nearly three weeks.
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1.55 IST Reliance MF launches funds for CPSE ETF to raise up to Rs, 8,000 croresReliance Nippon Life Asset Management Ltd announced a further supply of funds from its ETF (Central Public Sector Enterprises) to raise a Rs 8,000 crore as part of the government's general divestment program. An early discount of 4.5% is offered to all investors. The offer will open for investors again on 27 November and for other investors on 28-30 November.The ETF will include NTPC Ltd., Coal India Ltd, Indian Oil Corporation Ltd, Oil & Natural Gas Corporation Ltd, REC Ltd, Power Finance Corporation Ltd, Bharat Electronics Ltd, Oil India Ltd, NBCC (India) Ltd, NLC India Ltd and SJVN Ltd.
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13.35 IST Bharti Airtel signs a loan of over $ 2 billionBharti Airtel Ltd. is collecting over $ 2 billion in loans from banks, as India's second largest wireless operator faces greater competition at home and the threat of a trash rating downgrade. The company, controlled by billionaire Sunil Bharti Mittal, has accepted two- and three-year bilateral loans with 10-12 lenders, according to people familiar with the matter, who are not allowed to speak in public and have asked not to be identified. The shares of Bharti Airtel recorded a 0.3% difference at Rs 335.80. Bloomberg
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1.08 pm IST Ramco Systems shares rise to the new contractRamco Systems shares grew 3.18% to Rs 319.40 per share after the company said that a casino and resort provider selected the company's global payroll platform to manage its multinational Payroll in Asia and in the Mediterranean.
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12.29 pm IST Shapoorji Pallonji Group plans $ 1 billion IPO of solar unit
The Shapoorji Pallonji group expects a sale of 241 billion solar units on https://t.co/mA5f3lrIv2
– Livemint (@livemint) November 20, 2018
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11.57 IST Market update: Sensex, Nifty trade lowerThe BSE Sensex traded 157.50 points, or 0.44%, down to 35.617.38, while the Nifty 50 lost 56.05 points, or 0.52%, to 10.707.35. Adani Ports, IndusInd Bank, Tata Motors and GAIL were among the first to gain positions on key indices, while Yes Bank, Tata Steel, Vedanta, Tech Mahindra and Infosys were the biggest losers.
Source: NSE
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11.35 IST The Alembic Pharma shares rise on the approval of USFDA drugsAlembic Pharmaceuticals Ltd has stated that it has received approval from the USFDA for its new application for abbreviated drug for Vardenafil hydrochloride orally disintegrating tablets, 10 mg (base). The shares are exchanged of 1.49% on Rs 571.
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11.18 IST Nomura raises PT on the IPCA LaboratoriesNomura has raised the price target on the drug manufacturer IPCA Laboratories Ltd at Rs 915 from Rs 72. The brokerage provides that the company's earnings growth will remain solid beyond the year 21, particularly if the FDA's problems will be solved since then. Nomura also expects the HICP to achieve 15.2% revenue growth compared to the 19-21 financial year. "The increase in export earnings and sustained growth above the market in India could be catalysts for the stock," said Nomura. Of the 21 intermediaries covering the stock, 15 rate it "buy" or higher, 4 "hold" and a "sell"; the median PT is 845 rupees, according to Refinitiv data. Reuters
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10.50 IST Cryptocurrencies increase losses, bitcoins below $ 5,000The crash in cryptocurrencies accelerated on Monday, with Bitcoin having pierced the $ 5,000 mark for the first time since October 2017, due to speculation that greater regulatory control will push issuers of initial money bids to liquidate holdings. .Bitcoin declined up to 14% during US trading hours, dropping just below $ 4,700 before bouncing back slightly. The largest digital currency remained stable at around $ 4,862 at 10:52 in Hong Kong. The rival coins Ether and Litecoin were largely flat after both had fallen up to 16% overnight. Bloomberg
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10.30 IST HSBC starts coverage on Bajaj Finance with the rating & # 39; buy & # 39;HSBC initiated the coverage of the non-banking financial company Bajaj Finance Ltd at an indicative price of Rs 3,000 and a rating & # 39; buy & # 39; "Management has demonstrated its executive capacity, becoming one of the fastest growing and profitable banking, financial and insurance services (BFSI) in India, with a peer evaluation award," said HSBC. The stock has a PE ratio of 30.46 for the next 12 months, the highest among its peers, according to data from Refinitiv.HSBC also added Bajaj Finance benefits from the network effect of complementary payments and e-commerce, giving it a growing franchise for customers. The stable quality of the company's activities derives from having regular customers representing 60% of its consumption activities, and has observed intermediation.14 out of 23 brokerage services covering the "buy" or higher stock rate, nine "waiting" and three "sale"; their median PT is 2,473 rupees, according to Refinitiv's data. The shares of Bajaj Finance have gained up to 1.4% at Rs 2.392.50. Reuters
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10.05 am IST GMR Infra shares 2%The shares of GMR Infrastructure Ltd increased by 2% to Rs 16,85 after the economic regulator of the airports allowed GMR Infra to maintain a minimum tariff for the base airport + 10% to starting from 1 December.
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9.48 am IST India GAIL shares increase by 3%Gail India Ltd shares rose 3.22% to 345.95 rupees per share after the company transferred NCLT to Arcelor Mittal Essar Steel's offering. GAIL filed his objection to the Ahmedabad bench at NCLT on November 16th. The state gas utility has filed a petition to the bankruptcy court saying it would prefer a competing offer of Essar Steel Asia Holdings, representing the Ruia family, former promoters of Essar Steel.
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9.35 am IST HEG shares increase by 5% on the share repurchase proposalHEG Ltd rose 4.8% to Rs 4,480 per share after the company stated that its board will consider repurchase of shares on November 26.
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9.23 T IST Yes, the Bank's shares decrease by 7% after the resignation of the member of the board of directorsYes. Bank shares fell 6.48% to 191.75 rupees per share after its independent (non-executive) director Rentala Chandrashekhar resigned from the bank's board of directors with immediate effect, citing personal reasons.
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9.18 am IST Govt, the RBI takes a step back, signals a restless respite
The government and the RBI have spread out how much capital the central bank needs and how hard its loan rules are. https://t.co/HDKGsVAXTZ
– Livemint (@livemint) November 19, 2018
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9.16 am IST The rupee rises against the dollar for the sixth sessionThe rupee strengthened for the sixth consecutive session against the US dollar, its longest series of victories since October 2017, in the hope that the Reserve Bank of India and the government could meet on a middle ground on some issues . At 9.15 am, the rupee was trading at $ 71.33, up 0.45% from Tuesday's close of 71.66. The currency opened at $ 71.48. The yield on ten-year government bonds stood at 7.763% compared to the previous closing of 7.791%. So far this year, the rupee has declined by 10.5%.
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09.09 IST Corner of raw materials: oil, stable gold pricesOil: Oil prices were kept under control as expectations of a cut in supply driven by OPEC supported the market, but were offset by a worsening economic outlook as well as a surge of US production. US WTI crude futures were $ 57.14 a barrel, 6 cents below their last deal. Brent crude oil futures in the first month were $ 66.75 a barrel, down 4 cents from the last close.Gold: Global gold prices remained stable at the beginning of Tuesday, as the dollar was pressed by weak US economic data and cautious comments on the global economy from Federal Reserve officials . Spot gold fell 0.1% to $ 1,222.71 an ounce. US gold futures declined by 0.2% to $ 1,223.5 an ounce.metals: London's copper prices plummeted on Tuesday after a series of five winning sessions, while the contrasting signals on the trade dispute between the United States and China weighed on sentiment. The three-month LME copper fell 0.3% to $ 6.240 per ton. Shanghai's most traded copper contract rose 0.4% to 49,880 yuan ($ 7,183.59) a tonne. London's aluminum rose 0.1% to $ 1936.5 a tonne, while nickel rose 0.3% from Monday's closing of the low and zinc fell 0.3%. Reuters
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8.55 am IST Asian stocks fall as US technology sinksAsia shares declined Tuesday after weakness in some of the largest technology companies brought down US equities, adding to pessimism a turnaround in trade tensions. The shares fell from Tokyo to Sydney, although they are lower than the US benchmarks, although futures on the S & P 500 index have extended losses. In the US session, the Nasdaq 100 Index has plummeted more than 3% from its low since April.The Japanese Topix index decreased by 0.6%. The Australian S & P / ASX 200 index fell 0.9%. The Kospi index of South Korea lost 0.7%. The Hang Seng index in Hong Kong decreased by 1.5%. S & P 500 futures fell 0.3%. The S & P 500 fell to 1.7%, while the Nasdaq 100 plunged 3.3%. Bloomberg
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