Stock Market Today: Nifty, Sensex End Near Two-Month Low; Bajaj Auto, Shriram Finance Top Losers
Intraday, the Nifty fell 0.97% and Sensex fell 0.7%. At close, Nifty fell 0.89% or 221.45 points to 24749.8 and Sensex ended 0.6% or 494.75 points lower at 81006.61.
KEY HIGHLIGHTS
US Futures Rise Ahead Of Key Economic Data
The Dow Jones Industrial futures was 0.08% higher at 43,378.00 as of 3:28 p.m. IST. The S&P 500 futures was 0.39% higher at 5,911.25, and the Nasdaq 100 Future was 0.69% higher at 20,489.25 as of 3:29 p.m. IST.
Economic Data, Events Later Thursday
Europe: Main Refinancing Rate
Europe: Monetary Policy Statement
US: Month on Month Core Retail Sales
US: Month on Month Retail Sales
US: Unemployment Claims
Europe: ECB Press Conference
USD: Capacity Utilization Rate
US: Month on Month Industrial Production
US: Month on Month Business Inventories
US: Natural Gas Storage
US: Crude Oil Inventories
US: FOMC Member Goolsbee Speaks
Nifty, Sensex End Near Two-Month Low; Bajaj Auto, Shriram Finance Top Losers: Closing Bell
Benchmark equity indices extended gains to a third consecutive session to record their lowest closing in nearly two months as some quarterly results failed to impress the market.
Investors now look forward to quarterly result of heavyweight IT companies including Wipro and Infosys to be announced later in the day.
In addition, on Friday markets will also react to a slew of economic data and events in US and Europe including ECB's monetary policy decision, US retail sales, and US unemployment claims.
Intraday, the Nifty fell 0.97% and Sensex fell 0.7%. At close, Nifty fell 0.89% or 221.45 points to 24749.8 and Sensex ended 0.6% or 494.75 points lower at 81006.61.
According to Aditya Gaggar, director of Progressive Shares the Nifty finally broke its range of 24,920-25,200. He added that a break below 24,750 will drag the Index towards 24,430; and in the case of a reversal, 24,950 will be considered as immediate support.
Shares of HDFC Bank Ltd., Bajaj Auto Ltd., Mahindra & Mahindra Ltd., Bharti Airtel Ltd., and ICICI Bank Ltd. dragged the Nifty.
While those of Infosys Ltd., Larsen & Toubro Ltd., Tech Mahindra Ltd., State Bank Of India Ltd., and Power Grid Corp. Of India Ltd. cushioned the fall.
Except IT, all sectoral indices ended lower. Nifty Realty and Nifty Auto fell the most.
Market breadth was skewed in favour of sellers. Around 2,690 stocks declined, 1,273 stocks advanced, and 101 stocks remained unchanged on BSE
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices settled 1.65% and 1.42% lower, respectively.
On BSE, 18 sectors declined, and two advanced out of 20. The BSE Realty declined the most, while the BSE IT rose the most.
Rupee Weakens Against US Dollar
Rupee weakened by 7 paise to close at 84.07 against the US dollar.
It closed at 84.00 on Wednesday.
Source: Bloomberg
Markets At Close
Nifty and Sensex end lower for a third consecutive session
Nifty and Sensex recorded their lowest closing since August 20 and August 21 respectively
Nifty ends 0.89% or 221.45 points down at 24749.85
Sensex ends 0.6% or 494.75 points lower at 81006.61
Intraday, the Nifty fell as much as 0.97% and Sensex lost as much as 0.7%.
Broader indices underperformed; Nifty Midcap 100 ended 1.7% down and Nifty Smallcap 250 closed 1.4% lower
Except Nifty IT, all sectoral indices were lower at close
Infosys and Tech Mahindra were top Nifty gainers
Bajaj Auto and Shriram Finance fell the most
