Sensex falls 200 points as RBI holds rates, said a report in NDTV.
Following is a detailed market summary -
1:17 p.m.: Sensex falls over 200 points to 27,978 and Nifty trades below 8,650 as selling visible across the sectors.
1:09 p.m.: Shares of SRF Ltd, manufacturer of technical textiles, chemicals and polymers, today rose sharply by nearly 10 per cent after the company reported 27.12 per cent increase in consolidated net profit for the first quarter ended June 30, 2016.(Read)
1:03 p.m.: Auto stocks fall as RBI keeps rates unchanged. The BSE Auto index falls 0.8 per cent; Mahindra & Mahindra, Maruti Suzuki, Eicher Motors, Hero MotoCorp, Cummins India and Tata Motors are among the prominent laggards.
12:54 p.m.: Market breadth turns negative as 1,553 stocks fall while 957 advance.
12:44 p.m.: FMCG stocks were among the worst hit in trades so far. The BSE FMCG index was the top sectoral loser, down 1.28 per cent; ITC, Colgat Palmolive, Godrej Consumer Products, Marico, United Spirits, Nestle India and Dabur were among the losers.
12:26 p.m.: Selling pressure visible across the board. Sensex plunges 173 points to 28,009 and Nifty falls 57 points to 8,654.
12:01 p.m.: Sensex extends losses, falls 107 points to 28,076 and Nifty declines 38 points to 8,673.
11.30 a.m.: The rupee was down 4 paise against the dollar at 66.88. It recovered 6 paise from the day's low of 66.94.
11.25 a.m.: Banking shares were off day's low. HDFC Bank, Kotak Mahindra Bank, Yes Bank were down between 0-0.5 per cent. Meanwhile, SBI shares traded 0.84 per cent higher at Rs 235.20. ICICI Bank and Axis Bank were also up between 0.2-0.8 per cent.
11.10 a.m.: Sensex fell 70 points while the Nifty50 index traded 25 points lower at 8,686 after the Reserve Bank of India decided to keep the repo rate unchanged at 6.5 per cent. Nifty Bank, NSE's sub-index for banking shares was down 0.16 per cent. Other interest rate sensitive sectors like auto and real estate were also down 0.2 and 0.1 per cent respectively.
10:55 a.m.: Idea Cellular shares slumped 6 per cent to their 52-week low on Tuesday, after the mobile carrier posted a 74 per cent drop in its June quarter net profit. India's third largest telecom company posted a net profit of Rs 220 crore in Q1, missing a consensus forecast of Rs 435 crore, according to Thomson Reuters data.
Idea Cellular attributed the profit slump to one-time finance cost for spectrum and lower voice revenues. Idea Cellular's voice volumes declined 1 per cent sequentially, while growth in the data segment also moderated.
10:45 a.m.: Shares of HDFC and Max Financial Services were in spotlight today. HDFC's live insurance arm HDFC Standard Life Insurance reached agreement on Monday to take over smaller rival Max Life Insurance in an all-stock deal to create the nation's top private life insurer valued at nearly $10 billion.
HDFC Life shareholders would own 69 per cent of the new company and Max Life shareholders 31 per cent.(Read)
10:17 a.m.: Banking shares were trading on a subdued note ahead of Reserve Bank of India's monetary policy review. The Bank Nifty slipped 0.04 per cent or 7 points to 18,932; HDFC Bank, Kotak Mahindra Bank, Yes Bank, Bank of Baroda and Punjab National Bank were among losers.
10:09 a.m.: Market breadth was neutral as 980 stocks were advancing while 946 were declining.
9:56 a.m.: The Nifty took support around 8,500 levels last week, after which it has rallied to 8,700, which indicates that there is buying at lower levels, said Swati Hotkar, technical research analyst with Nirmal Bang Securities. The Nifty faces resistance around 8,720 and a move above 8,720 on closing basis will open gates for 8,800-8,900 levels she said.(Watch)
9:25 a.m.: Sensex and Nifty edged lower in opening deals ahead of Reserve Bank of India's monetary policy review which is due later in the day.
Last Updated 31, Mar 2018, 6:46 PM