Shine Trader Limited Reports:
LIVE Market Update: The major benchmarks came off the day’s lows as Reliance Industries and some OF the IT giants rebounded from the day’s lows. The BSE Sensex fell 430 points to 59,923, compared with a low of 59,745 for the day. The NSE Nifty was down 141 points at 17,876.
Mahindra remained the biggest faller on the Sensex, falling 2.5 per cent to Rs1,525. State Bank of India (SBI) and Bajaj Finserv were the other main losers, down more than 2 per cent each.
Market breadth was also negative, with 1,779 BSE stocks down and 1,420 up.
Among sectors, the real estate index fell the most, down 2.5 per cent. Bankex, Healthcare and oil & Gas were other notable losers.
In the primary market, Sapphire Foods’ IPO was 2.13 times subscribed, with retail quota demand reaching seven times. The IPO of Latent View Analytics was 12.68 times subscribed and retail demand was strong with more than 52 times subscribed.
Market at 12 noon
Live Market Update: Major benchmark indexes continued their slump, falling sharply. The BSE Sensex fell 464 points to 59,889; The NSE Nifty index fell 146 points to 17,871.
Mahindra Tech, Bajaj Finserv, HDFC, Asian Paints, PowerGrid Corporation, Bajaj Finance and SBI were among the main losers in the Sensex sector. Tata Steel rose 1.7 per cent ahead of its second-quarter results.
The broader index also fell sharply. The BSE Midcap index fell 0.6 per cent and 0.4 per cent respectively.
CRISIL’s shares surged more than 11 per cent to Rs3,197 after it announced its September quarter results. While profit was flat, total revenue rose 15.7 per cent year on year to Rs603.8m.
Moody’s Ratings upgraded the private sector bank’s long-term foreign currency issuer rating to B2 from B3, bolstering depositor and credit confidence in the bank on the basis of a sharp improvement in its funding and liquidity.
MonteCarlo and Aurum Proptech are locked in the top 20% of the Smallcap space.
Thermax, Narayana Hrudayalaya, Nahar Polyfims, NIIT, Garden Reach Shipbuilders and Timken were the other big gainers, up 7 to 13 per cent each.
Elsewhere in Asia, major markets were mostly higher. China’s Shanghai Composite rose 1 per cent. The Nikkei was up 0.6 per cent. The Hang Seng and the Straits Times were little changed. South Korea’s Kospi and Taiwan’s fell 0.4 percent and 0.6 percent, respectively.
Reprint indicated source：Spark Global Limited information