Sensex sees this year's biggest fall, tanks 364 points; Nifty below 9,850
Nifty is above 9,900 and looks in a hurry to go past the five-figure mark, but weak cues from US and other Asian markets may slow down the march. Or will it? Watch this space as we bring you LIVE updates of the proceedings from Dalal Street.
1 New Update
04:07:11 PM IST, 18 July 2017
CLOSING BELL: SENSEX SEES BIGGEST FALL IN 4 MONTHS
BSE Sensex ended the session 364 points or 1.13 per cent down at 31,710.99, its biggest fall in 4 months - since March 22, 2017. In the past 52-weeks, Sensex had its steepest fall of 385.1 points on November 21, 2016. Nifty50 was 87 points or 0.88 percent lower at 9,829 at day's close. FMCG index was the biggest sectoral loser, plunging up to 7 per cent in trade.
03:02:24 PM IST, 18 July 2017
SENSEX EXTENDS FALL, CRACKS NEARLY 400 POINTS
ITC contributes 371 points to Sensex fall, RIL 56 points.
02:53:49 PM IST, 18 July 2017
BANKS LIKELY TO TAKE HIT OF RS 18,000 CRORE FROM ‘DIRTY DOZEN’
Additional provisioning by banks with respect to 12 stressed accounts, which were identified by the Reserve Bank of India (RBI) for speedy debt recovery action, is likely to wipe off around 25 per cent of Indian lenders’ profit in the ongoing financial year ended March 31, 2018.
02:09:39 PM IST, 18 July 2017
SEBI MAY SLAP NSE WITH STIFF FINE IN PREFERENTIAL ACCESS CASE
Securities markets watchdog Sebi may slap NSE with a stiff fine in a case where the bourse has been accused of offering preferential access to servers to some of its clients at its co-location centre between 2010 and 2014, ETNow reported quoting sources.
01:46:32 PM IST, 18 July 2017
EUROPEAN SHARES SLIP
European shares fell on Tuesday on the back of a disappointing set of results from bluechips including Ericsson and Lufthansa, while scaled-back expectations of rate hikes at central banks spurred some profit-taking in financials. The pan-European STOXX 600 was down 0.3 per cent. The basic resources sector fell more than 1 per cent while banks were down 0.5 per cent.
01:21:15 PM IST, 18 July 2017
IF MARKET DROPS 10%, THESE STOCKS WILL BLEED THE MOST
Amid anticipation of the Nifty touching the magical mark of 10,000, one set of voices on Dalal Street are talking of an up to 10 per cent correction in the near term, which may last up to 3-4 months.
12:42:21 PM IST, 18 July 2017
THESE 5 STOCKS TURNED EX-DIVIDEND TODAY
Shares of Thangamayil Jewellery, Tide Water Oil (India), Tata Elxsi, IndusInd Bank and SKF India were trading in red on turning ex-dividend on Tuesday. Thangamayil Jewellery slipped over 4 per cent as the stock turned ex-dividend on Monday for dividend of Rs 2 per share for the year ended March 31, 2017.
12:16:00 PM IST, 18 July 2017
LIC TAKES BIGGEST HIT IN ITC'S FREE FALL
A steep 15 per cent drop in the ITC shares in morning trade on Tuesday weighed heavy on its largest shareholder, Life Insurance Corporation of India (LIC), which suffered a notional loss of over Rs 7,000 crore within the first half-an-hour. LIC held 16.29 per cent in the cigarette maker as of June 30, 2017.
11:55:21 AM IST, 18 July 2017
GAIL SHARES FALL ON ANOTHER PROBE REGARDING GSA
Shares of GAIL declined in Tuesday's trade after the CCI ordered a fresh investigation against state-owned company for alleged abuse of dominant position with regard to supply of natural gas. Following the development, the stock plunged 1.92 per cent to Rs 377.55 on BSE.
11:54:22 AM IST, 18 July 2017
5 FACTORS THAT SPOOKED MARKET
Sectorwise, the BSE FMCG and BSE Consumer Durables index were down 6.65 per cent and 0.68 per cent, respectively, in early trade. On the other hand, BSE Telecom index, TECk, IT and Healthcare index were up between 0.50 per cent and 2.50 per cent. Here are the top factors weighing on benchmark indices today.
11:13:23 AM IST, 18 July 2017
ITC, RIL, ACC AMONG MOST ACTIVE STOCKS IN TERMS OF VALUE
Shares of ITC (Rs 2648.06 crore), followed by Reliance Industries (Rs 318.25 crore), ACC (Rs 222.87 crore), Infosys (Rs 152.60 crore), SBI (Rs 121.74 crore), Hindustan Unilever (Rs 118.82 crore) and Zee Entertainment (Rs 109.60 crore) emerged as most active stocks in terms of value on NSE in Tuesday's trade.
10:52:11 AM IST, 18 July 2017
RELIANCE INDUSTRIES' SHARES FALL ON ARBITRATION PENALTY
Shares of Reliance Industries declined in Tuesday's trade after the government ordered the company along with Shell and ONGC to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter.
10:31:20 AM IST, 18 July 2017
NIFTY BANK HITS FRESH RECORD HIGH
10:23:39 AM IST, 18 July 2017
15 STOCKS HIT FRESH 52-WEEK LOW TODAY
Nearly 15 stocks including, Flexituff International, GOL Offshore, MIC Electronics, Prakash Constro, KSS, REI Agro, FCS Software and JMT Auto touched their new 52-week low on NSE in Tuesday's trade after market opened in red.
10:08:47 AM IST, 18 July 2017
FMCG INDEX CRACKS 7% IN EARLY TRADE; ITC, DABUR DOWN
Nifty FMCG index fell as much as 7 per cent in Tuesday's early trade as the heavyweight ITC cracked 15 per cent after the GST Council on Monday raised the cess on cigarettes. ITC on Monday closed 3.4 per cent down at Rs 325.75 on reports of likely increase in cess on cigarettes.
09:26:08 AM IST, 18 July 2017
ITC TRADES AT PRE-GST LEVEL, REVERSES ALL GAINS POST GST
09:26:00 AM IST, 18 July 2017
ITC SEES BIGGEST INTRADAY DECLINE IN 5 YEARS
09:20:20 AM IST, 18 July 2017
OPENING BELL: SENSEX CRACKS NEARLY 400 POINTS
Nifty tests 9,850; ITC tanks 13%; contributes 100 points to Nifty fall.
09:02:52 AM IST, 18 July 2017
PRE-OPEN SESSION: SENSEX TANKS 300 POINTS
Sensex tanks 300 points, Nifty50 below 9,850; Rupee trades at 64.32 against US dollar.
08:28:26 AM IST, 18 July 2017
Q1 RESULTS: HUL, ULTRATECH CEMENT NOS TODAY
Over a dozen BSE-listed companies will report June quarter numbers on Tuesday. Among them would be UltraTech Cement and NBFC Sundaram Finance, drugmaker Jubilant Life Sciences, rating agency CRISIL and others.
08:27:13 AM IST, 18 July 2017
US STOCKS DECLINED
The Standard & Poor's 500 index lost 0.13 points to 2,459.14, the Dow Jones industrial average shed 8.02 points to 21,629.72 while the Nasdaq composite gained 1.97 points to 6,314.43. The Russell 2000 index of smaller-company stocks rose 2.79 points, or 0.2 per cent, to 1,431.60.
08:26:14 AM IST, 18 July 2017
ASIAN SHARES EDGE LOWER
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent, a day after scaling its loftiest levels since April 2015. Japan's Nikkei stock index dipped 0.4 per cent in early deals, as markets resumed trading after a public holiday on Monday and caught up to a stronger yen.
08:23:39 AM IST, 18 July 2017
NIFTY TECHNICAL CHARTS
The index made a Small Bull Candle on the day chart, which resembled a Doji pattern, suggesting indecisive among market participants. Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in noted that even as the Nifty50 closed higher for the day, a weakening advance decline ratio is a cause of concern.
08:22:13 AM IST, 18 July 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 27.50 points, or 0.28 per cent, lower at 9,917, indicating a weak start for NSE Nifty index.
08:20:51 AM IST, 18 July 2017
SENSEX ON MONDAY
The BSE Sensex ended the day 54 points up at 32,074.78 while the Nifty50 closed 30 points up at an all-time high of 9,915.95. This was the fresh lifetime highs for both the indices. For the fifth time in last six sessions, the domestic equity market on Monday hit fresh lifetime highs, with the NSE Nifty50 closing above the 9,900 mark for the first time ever.
08:18:56 AM IST, 18 July 2017
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