Sensex slips 80 points; Nifty50 below 9,600; TCS sheds 2%
Fed rate hike and balance sheet unwinding that could straightaway slow down FII flows, a sharp drop in crude oil prices, RBI's clampdown on bad loans and a probe on US President Donald Trump for possible obstruction of justice set up a tough turf for the domestic equity market today. Watch this space as we bring you all the action in a live blog from Dalal Street.
1 New Update
03:33:22 PM IST, 15 June 2017
CLOSING BELL: SENSEX SLIPS 80 PTS
Nifty50 below 9,600; TCS sheds 2%, L&T 1%; RIL gains 2%.
03:22:46 PM IST, 15 June 2017
STOCKS THAT FELL OVER 5%
On the BSE, Stampede Capital (down 20.00 per cent), Globus Corp (down 11.11 per cent), Titaanium Ten Enterprises (down 9.95 per cent), Advance Syntex (down 9.30 per cent), R J Bio Tech (down 9.00 per cent), Eco Recycling (down 8.57 per cent), Unique Organics (down 8.53 per cent), ICSA-India (down 8.42 per cent), Gujarat Terce (down 8.23 per cent declined over 5 per cent.
02:23:41 PM IST, 15 June 2017
AARTI INDUSTRIES SPURTS 17% ON SIGNING MULTI-YEAR DEAL
Shares of Aarti Industries advanced nearly 17 per cent in Thursday's trade after the company informed the bourses that it has signed a multi-year deal with a global agricultural company worth Rs 4,000 crore to supply agrochemical intermediary.
01:16:01 PM IST, 15 June 2017
<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">While the Government is protecting the cow, market is protecting the bull.</p>— Samir Arora (@Iamsamirarora) <a href="https://twitter.com/Iamsamirarora/status/875246059081027584">June 15, 2017</a></blockquote>
12:36:41 PM IST, 15 June 2017
10 STOCKS THAT CAN GIVE 100% RETURN IN 3 YEARS
Spotting a business that has a moat - read, financial strength or market leadership or operations in a niche segment - can often be the easiest way to find multibagger stocks in a market. Data shows nearly 60 per cent of the stocks in the BSE500 index have more than doubled investor wealth in last four years.
12:12:06 PM IST, 15 June 2017
AVIATION STOCKS GAIN ON COOLING CRUDE PRICES
Aviation stocks were trading higher in trade on Thursday after crude oil prices slumped to their lowest close in seven months. Reacting on the development, InterGlobe Aviation hit fresh 52-week high of Rs 1206. The scrip was trading 3.13 per cent up at Rs 1,191 around 11.30 am (IST). Jet Airways was trading 1.61 per cent up at Rs 541.50, while SpiceJet was up 1.85 per cent up at Rs 123.80.
11:44:53 AM IST, 15 June 2017
INDIA INC SEEKS TO RETURN TO GOLDEN DAYS OF 2003-08; CAN MARKET WAIT?
Stocks tend to lead earnings growth. And if India Inc shifts gears on earnings expansion and enters a 15-20 per cent growth phase in the coming quarters, as many brokerages and analysts want you to believe, this should push the equity indices to newer heights.
11:21:39 AM IST, 15 June 2017
TEJAS NETWORKS IPO SUBSCRIBED 14% ON DAY 2
The initial public offering (IPO) of Bengaluru-based Tejas Networks got subscribed 14 per cent on the second day of offer till 11 am (IST). Data from stock exchanges showed that the IPO received bids for 24,50,965 shares against the total issue size of 1,71,12,005 shares.
10:44:31 AM IST, 15 June 2017
SPICEJET GAINS 3% AS COMPANY MAY ORDER BOEING 737 MAX 10 PLANES
Shares of Spicejet gained 3 per cent in Thursday's trade on reports that it is likely to place an order for the Boeing 737 Max-10 planes at the aircraft's debut at the Paris Air Show later this month, thus becoming one of its launch customers globally.
10:24:50 AM IST, 15 June 2017
CENTRAL BANK OF INDIA SLIPS OVER 2% AFTER RBI PLACES RESTRICTIONS ON BANKING ACTIVITIES
Shares of Central Bank of India slipped over 2 per cent in early trade after the Reserve Bank of India (RBI) placed the lender under prompt corrective action which puts restricts on banking activities such as from lending, hiring and expanding branches.
09:55:17 AM IST, 15 June 2017
SCI SHARES SURGE 16% AFTER NITI AAYOG PROPOSES STAKE SALE
Shares of Shipping Corporation of India surged as much as 15.90 per cent in early trade after reports that Niti Aayog proposed around 26 per cent strategic stake sale in the company, which could fetch about Rs 960 crore to the exchequer.
09:17:50 AM IST, 15 June 2017
OPENING BELL: SENSEX, NIFTY OFF TO A CHOPPY START
GE Shipping rises 4%, Wipro 1%; IDBI, PNB slip 1% each.
09:04:59 AM IST, 15 June 2017
PRE-OPEN: NIFTY ABOVE 9,600 LEVEL; SENSEX UP AT 31,230; RUPEE AT 64.29 AGAINST US DOLLAR
08:24:10 AM IST, 15 June 2017
CRUDE OIL SLIPS
Crude oil traded near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over Opec’s ability to implement production cuts. Brent crude futures were down 7 cents or 0.2 per cent at $46.93 per barrel, after slumping nearly 4 per cent in Wednesday’s session. WTI crude futures were down 12 cents or 0.3 per cent at $44.61 a barrel.
08:24:02 AM IST, 15 June 2017
RUPEE LOGS GAINS
The rupee extended its gains for the second straight session today, moving up by another 3 paise to close at 64.30 to the dollar on persistent selling of the American currency by exporters and also helped by falling inflation.
08:23:53 AM IST, 15 June 2017
US MARKETS IN THE RED
US stocks edged lower on Wednesday after the Federal Reserve raised interest rates for the second time in three months and weaker oil prices weighed on the energy sector. The Dow Jones Industrial Average fell 9.45 points, or 0.04 per cent, to 21,319, the S&P500 lost 9.19 points, or 0.38 per cent, to 2,431 and the Nasdaq Composite dropped 55.77 points, or 0.9 per cent, to 6,164.
08:23:42 AM IST, 15 June 2017
ASIAN MARKETS WEAK
Asian equities turned cautious on Thursday after the US Federal Reserve raised interest rates for the second time this year, as was widely expected by markets. At 7 am Indian time, Nikkei was down 116 points, Hang Seng 249 points, Kospi gave up earlier gains to decline 0.75 per cent, but Chinese markets were trading mixed.
08:23:31 AM IST, 15 June 2017
SIGNAL FROM SINGAPORE
At 7 am this morning, Nifty50 futures on the Singapore Stock Exchange were trading 41 points, or 0.43 per cent, down at 9,600, indicating weakness ahead in the domestic market.
08:23:22 AM IST, 15 June 2017
NIFTY TECH CHARTS
The Nifty50 index staged a smart recovered from the day’s low and settled near the 9,620 level, thus forming a ‘Long Lower Shadow’ with a ‘Spinning Top’ on the daily candlestick charts. Some analysts advised traders to continue with their stock-centric approach and avoid taking undue risks.
08:23:13 AM IST, 15 June 2017
SENSEX ON WEDNESDAY
The domestic equity market ended on a positive note on Wednesday ahead of the outcome of US Fed’s rate-setting meeting later in the day. The S&P BSE Sensex gained 52 points to end the session at 31,155, with Reliance Industries (up 3.23 per cent), Dr Reddy’s Labs (up 1.40 per cent), ICICI Bank (up 1.33 per cent) and HUL (up 1.22 per cent) being the top gainers. The Nifty50 closed the session 11 points higher at 9,618 with Reliance Industries, Bank of Baroda and Dr Reddy’s Labs being the top gainers.