First Published: IST
Indian shares ended marginally lower on Friday after last-hour recovery helped the BSE Sensex hold 36,200 and the NSE Nifty50 10,900 mark, after a day of volatile trade. But the benchmark indexes posted the biggest monthly decline since October 2008. The Nifty Midcap Index and the Nifty Bank post the biggest ever monthly fall. During the month, the Nifty erases more than 700 points, while the Sensex shed over 2,400 points. The Midcap Index is the biggest underperformer today, falling by 355 points. Asian markets ended mostly higher tracking Wall Street gains. Here are the main highlights from the stock markets today:
Axis Bank surged nearly 3%, ITC up by 1.8%, HDFC twins 1.4% among Sensex gainers##Axis Bank surged nearly 3%, ITC up by 1.8%, HDFC twins 1.4% among Sensex gainers
Closing Bell: Sensex, Nifty close lower, Yes Bank, metal, auto, telecom stocks dip sharply##Closing Bell: Sensex, Nifty close lower, Yes Bank, metal, auto, telecom stocks dip sharply
The BSE Sensex closed at 36,227, down by 97 points, or 0.27 percent, while the NSE Nifty50 ended at 10,932, lower by 45 points, or 0.40 percent. Midcaps fell sharply in trade with the Nifty MidCap dipping over 2 percent, while the BSE MidCap down by 1.61 percent. At close, Axsi Bank, Wipro, ITC, HDFC Bank, HDFC were among the top gainers, rising by up to 2.97 percent, while shares of Yes Bank plunged nearly 10 percent, followed by sharp losses in Hindalco, Bharti Airtel, Hero MotoCorp, Tata Steel, Vedanta, which declined by up to 5.84 percent.
Rana Kapoor tweets on leadership transition, says he will never sell his Yes Bank shares##Rana Kapoor tweets on leadership transition, says he will never sell his Yes Bank shares
Nifty Metal dips 5.22% as metal stocks fall sharply##Nifty Metal dips 5.22% as metal stocks fall sharply
Two-wheeler companies down on concerns of weak festival demand##Two-wheeler companies down on concerns of weak festival demand
Shares of two-wheeler manufacturers such as Bajaj Auto, Eicher Motors, and TVS Motor Co fell sharply, as investors were concerned that demand during the festival season would be weak. Demand is not seen getting a boost in the coming festival season despite Bajaj Auto announcing a steep discount on its CT-100 model. Eicher Motors and TVS Motor Co are also facing similar issues, as low demand from flood-hit Kerala is likely to affect these companies. At 2.51 pm, shares of Eicher Motors, Bajaj Auto and TVS Motor Co were down 3-6 percent.
IDBI Bank board to meet on October 4 to consider preferential allotment of shares up to 51% to LIC##IDBI Bank board to meet on October 4 to consider preferential allotment of shares up to 51% to LIC
Market update: Sensex, Nifty trade weak ahead of close, midcaps fall sharply##Market update: Sensex, Nifty trade weak ahead of close, midcaps fall sharply
The BSE Sensex traded at 36,271.35, lower by 53 points, or 0.15 percent at 3.15 pm, while the NSE Nifty50 was trading at 10,940.25, down by 37.30 points, or 0.34 percent. Midcaps fell sharply with the Nifty MidCap down by nearly 2 percent and the BSE MidCap declining by 1.55 percent. Axis Bank, HDFC twins, ITC, Wipro were among top gainers rising by up to 2.35 percent, while Yes Bank, Hindalco, Hero MotoCorp, Bharti Airtel, Tata Steel, Bajaj Auto slumped by up to 8.76 percent.
BSE SmallCap drops over 500 points, Infibeam crashes##BSE SmallCap drops over 500 points, Infibeam crashes
Market update: Sensex, Nifty turn negative post heavy selling in BFSI today##Market update: Sensex, Nifty turn negative post heavy selling in BFSI today
Equity indices turned negative with benchmark indexes falling sharply after staging recovery in early afternoon trade. The BSE Sensex traded at 36,153.66, sliding 170.51 points, or 0.47 percent, while the NSE Nifty50 traded at 10,904.15, down by -73.40 points, or 0.67 percent. Shares of Yes Bank, Srei Infrastructure, Religare, Centrum Capital ltd, Emkay Global Financial, Indiabulls Housing Finance, Gruh Finance, SBI Life Insurance, Equitas, Ujjivan, Reliance Home Finance, Satin Creditcare, Lakshmi Vilas Bank, HUDCO, Reliance Capital, Manappuram Finance fell between nearly 5 percent and 10 percent. Yes Bank shares were under maximum pressure falling 13 percent.
GST Council Meet: No discussion on bringing petrol, diesel under GST says FM Arun Jaitley##GST Council Meet: No discussion on bringing petrol, diesel under GST says FM Arun Jaitley
Market update: Sensex, Nifty pare gains, Yes Bank hits new low##Market update: Sensex, Nifty pare gains, Yes Bank hits new low
Equity indices pared gains with the BSE Sensex trading at 36,422.41, higher by over 98 points, or 0.27 percent at 1.35 pm. The NSE Nifty50 traded below 11,000 at 10,983.10, marginally up by 5.55, 0.05 percent. Yes Bank shares tanked nearly 9 percent, hitting fresh one year low at Rs 183. Shares of Yes Bank traded at Rs 183.50, down by 9.72 percent at 1.40 pm on the NSE, losing Rs 19.75 in value. The stock had opened at Rs 203.60, from its previous close of Rs 203.25.
Metropolis Healthcare files Offer Document for an IPO##Metropolis Healthcare files Offer Document for an IPO
Metropolis Healthcare, a chain of pathology labs and diagnostics services, has filed its draft papers with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) comprising of 15,269,684 equity shares of Face Value of Rs. 2 each. It consists of an Offer for Sale of up to 5,017,868 equity shares by promoter Dr. Sushil Kanubhai Shah and up to 10,251,816 equity shares by investor CA Lotus Investments. An additional 300,000 equity shares are reserved for subscription by eligible employees. The Book Running Lead Managers are JM Financial ltd, Credit Suisse Securities (India) Pvt. ltd, Goldman Sachs (India) Securities Pvt. Ltd, HDFC Bank ltd and Kotak Mahindra Capital Company ltd. The healthcare company would be the fourth from the sector to file for an IPO, following the likes of Dr Lal Pathlabs, Thyrocare Technologies and SRL Diagnostics.
Piramal Group's Ajay Piramal says NBFCs playing a crucial role, can't regulate them too tightly##Piramal Group's Ajay Piramal says NBFCs playing a crucial role, can't regulate them too tightly
Jet Airways gains 6 percent on reports company to raise Rs 35 billion##Jet Airways gains 6 percent on reports company to raise Rs 35 billion
Shares of Jet Airways India recovered and gained 6 percent, snapping an eight-session losing streak on reports the airline has informed lenders that it will raise nearly Rs 35 billion over the next six months through a stake sale in its loyalty programme, JetPrivilege. The company has also told lenders that it will reduce costs by Rs 20 billion, over the next two years, the report said. In case the airline failed to infuse funds through the stake sale in JetPrivilege and equity infusion by March 31, it will obtain a bridge loan from investors, the report said. At 12.10 am, shares of the company traded 0.4 percent higher at Rs 184.10. (Cogencis)
Market update: Sensex, Nifty advance led by financials, consumer, pharma stocks##Market update: Sensex, Nifty advance led by financials, consumer, pharma stocks
Equity markets advanced higher after recovery in financials along with buying seen in consumer and pharma stocks. Auto, Metal, It and realty shares continue to trade weak. Index heavyweight stocks Reliance Industries, HDFC twins, ITC also gained. At 11.22 am, the BSE Sensex traded at 36,466.44, surging by 142.27 points, or 0.39 percent, while the NSE Nifty50 gained 25 points, or 0.23 percent, to trade at 11,002.70. Broader markets, however, continue to under-perform with both midcaps trading in the red, while selling continues in SmallCap stocks as well.
Bidding for Taj Mansingh 5 star hotel property begins##Bidding for Taj Mansingh 5 star hotel property begins
The opening bid for Taj Mansingh has been placed at 24 percent of gross turnover. ITC and Indian Hotels Company (IHCL) is participating in NDMC’s auction of the property.
IRCON lists at Rs 412 vs issue price of Rs 475##IRCON lists at Rs 412 vs issue price of Rs 475
Shares of IRCON International listed at Rs 412, a discount of Rs 63 to the issue price of Rs 475. The tepid debut of the stock was likely because of weak market sentiment. IRCON's initial public offering, which was open from September 17 to 19, was subscribed 9.5 times by the end of the final day. Analysts had recommended subscribing to the public issue of the state-owned integrated railway engineering and construction company based on the attractive pricing, a reasonably diversified and robust order book, and strong balance sheet. At 11.06 am, IRCON shares were down 6.2 percent at Rs 445.50. (Cogencis)
Here's what Ashwani Gujral of ashwanigujral.com has picked in his top buy/sell stocks##Here's what Ashwani Gujral of ashwanigujral.com has picked in his top buy/sell stocks
Buy Tata Consultancy Services with a stop loss of Rs 2160, target of Rs 2230
Buy Hindustan Unilever with a stop loss of Rs 1600, target of Rs 1655
Sell Reliance Infra with a stop loss of Rs 308, target of Rs 293
Sell Balkrishna Industries with a stop loss of Rs 1060, target of Rs 1000
Sell L&T Finance Holdings with a stop loss of Rs 128, target of Rs 120
Disclaimer: The CNBCTV18.com editorial team does not engage in speculative or active trading in stock markets and follows its Code of Conduct on securities trading and investment. Any investor/ viewer is advised to carry out necessary diligence on their own or through a certified registered financial advisor for investment decisions.
IRCON lists at Rs 422/share vs issue price of Rs 475/share##IRCON lists at Rs 422/share vs issue price of Rs 475/share
Infibeam nosedives over 52 percent, Sensex, Nifty volatile##Infibeam nosedives over 52 percent, Sensex, Nifty volatile
Internet and ecommerce company Infibeam Avenue's shares nosedived over 52 percent to hit a one year low of Rs 86.30 in trade today. Infibeam shares were the worst hit on the Nifty 500 index. At 10.10 am, shares traded at Rs 86.85, losing Rs 113.50 in value. The stock opened at Rs 180.35 after its last close of Rs 200.35. Meanwhile, equity indices traded negative, erasing opening gains. The Nifty traded lower by 20 points, or 0.19 percent, to trade at 10,957, while the Sensex traded at 36,299, down by 25 points, or 0.07 percent.
Infibeam at over 1-year low, stock slumps more than 50%##Infibeam at over 1-year low, stock slumps more than 50%
Sensex heatmap at 9.26 am: Yes Bank shares dip 8%, Airtel dips 3%, HDFC twins rise##Sensex heatmap at 9.26 am: Yes Bank shares dip 8%, Airtel dips 3%, HDFC twins rise
Opening Bell: Sensex, Nifty start higher, Gails shares up 3%##Opening Bell: Sensex, Nifty start higher, Gails shares up 3%
The BSE Sensex jumped over 131 points, or 0.4 percent to start at 36,455.76, while the NSE Nifty50 openend at 11,008.10, up 30.55 points, or 0.3 percent. At 9.20 am, the Sensex rose 170 points, or 0.5 percent, to trade at 36,493, while the Nifty edged up by 39.20 points, or 0.4 percent, to trade at 11,017. Among gainers, Gail surged over 3 percent, while IndusInd Bank, HDFC twins, Asian Paints, ITC also rose by up to 2.10 percent. Yes Bank tanked nearly 9 percent, while Indiabulls Housing Finance again dropped by over 6 percent. Bharti Airtel, Tech Mahindra and Bharti Infratel were other top losers, falling by up to 3.24 percent.
Rupee opens higher at 72.49 against the US dollar##Rupee opens higher at 72.49 against the US dollar
The Indian rupee opened higher at 72.49 against the US dollar amid positive Asian cues. The home currency had closed at 72.59 against the greenback.
Here is the list of stocks that will be on radar today##Here is the list of stocks that will be on radar today
No respite from fuel prices as petrol inches towards Rs 91/litre in Mumbai##No respite from fuel prices as petrol inches towards Rs 91/litre in Mumbai
Fuel prices continued their ascent, rising for the second consecutive day, with petrol inching towards a record high of Rs 91 a litre in Mumbai. Petrol prices were at an all-time high at Rs 90.57 a litre while diesel prices inched higher to Rs 79.01 a litre, as per the data from Indian Oil Corporation. In Delhi NCR, Chennai and Kolkata, the petrol prices were at Rs 83.22 per litre, Rs 86.51 per litre and Rs 85.03 per litre. Diesel prices in the three metros rose to Rs 74.42 a litre, Rs 78.69 per litre and Rs 76.27 per litre, respectively. While fuel prices in all the four cities are at their record levels, rates are lowest in Delhi owing to lower taxes levied by the state government.
GSPL likely to benefit from revised tariffs for key gas transportation pipelines, says Citi##GSPL likely to benefit from revised tariffs for key gas transportation pipelines, says Citi
30th GST Council meet on Friday in New Delhi, cess proposal from flood-hit Kerala on agenda##30th GST Council meet on Friday in New Delhi, cess proposal from flood-hit Kerala on agenda
High powered Goods and Services Tax (GST) Council will deliberate on a host of issues when it will meet for the 30th time on Friday in New Delhi. The meeting, which will be a come-back meet for union finance minister Arun Jaitley and is likely to consider Kerala government's request for allowing to levy a 10 percent cess to raise revenues for flood related rehabilitation works.
Bhaskar Panda of HDFC Bank expects the rupee to trade in between 72.55-72.80/$##Bhaskar Panda of HDFC Bank expects the rupee to trade in between 72.55-72.80/$
These are the stocks making the biggest moves premarket##These are the stocks making the biggest moves premarket
Bharti Airtel: Airtel has reportedly launched six new entry-level plans for its prepaid customers with new smart recharges of Rs 25, Rs 35, Rs 65, Rs 95, Rs 145 and Rs 245.
TVS Motors: Two and three-wheeler major TVS Motor on Thursday launched its latest 160cc motorcycle Apache RTR160 4V in Sri Lanka under its expansion plans in overseas markets.
JSW Steel: Leading integrated steel manufacturer, JSW Steel, on Thursday said higher import duties will not matter much for the company as global steel prices are on a firm footing.
IL&FS: Taking a u-turn from its earlier stance, the Reserve Bank of India will meet the large shareholders of IL&FS on Friday, sources told CNBC-TV18.
ITC, Indian Hotels Company: The much-delayed auction of Delhi’s luxury hotel Taj Mansingh is likely to happen on Friday. Tata Group’s Indian Hotels Company Limited (IHCL) — the existing operator — and ITC Group will face each other for the prime Lutyens’ Delhi hotel.
Check more Hot Stocks for today.