The BSE Sensex and NSE Nifty fell for the sixth consecutive trading session on Monday after a private survey showed that India’s manufacturing sector cooled to its slowest in nearly two years in October. Falls in Asian markets also dented sentiment after soft Chinese factory surveys and US consumer spending data raised concerns over the global economic outlook.

The Nikkei India Manufacturing PMI — a composite monthly indicator of manufacturing performance — stood at 50.7 in October, down from 51.2 in September, reflecting a weaker improvement in business conditions across the sector.

Sensex closed 97.68 points down at 26,559.15 while Nifty settled 15 points down at 8050.80.

In the 50-share index, Tech Mahindra, YES Bank, ACC, M&M and Coal India slid between 1.60 per cent and 3.40 per cent. On the other hand, Bajaj Auto, Tata Steel, Vedanta, Hindalco and Sun Pharma slid declined between 2.60 per cent and 4.70 per cent.

Bajaj Auto’s scrip fell after the company reported a 8.59 per cent decline in total sales for October.

Reliance Communications (RCom) share price jumped over 6 per cent on BSE after the company informed stock exchanges that the telecommunications service providers on Monday announced the signing of definitive documents for demerger of Sistema’s Indian wireless business, carried on by Sistema Shyam Teleservices (SSTL) under the MTS brand, into RCOM.

Indian Bank shares jumped over 6 per cent on Monday after the bank posted 17.49 per cent rise in its net profit at Rs 369.31 crore for the quarter ended September 30, 2015 as compared to Rs 314.33 crore for the same quarter in the previous year.

Among the sectoral indices on the Bombay Stock Exchange, the BSE Metal index declined the most 1.27 per cent, followed by the BSE Capital Goods index (down 1.05 per cent), BSE Healthcare index (down 0.72 per cent) and BSE Power index (down 0.18 per cent).

The BSE Realty index and BSE Consumer Durables index gained 0.91 per cent and 0.53 per cent, respectively.

“Overall the mood is cautious because since the last five days we are seeing losses,” Alex Mathews, head of research at Geojit BNP Paribas, said.

Meanwhile, Coffee Day Enterprises, the operator of India’s biggest coffee chain, fell as much as 17 per cent in its market debut on Monday.

Overall market breadth for the day remained mildly negative as advances to declines ratio for Nifty stood to be 32:18 for the day. Volumes for Nifty stocks stood lower at 1,402 lakh against Friday’s volumes of 2,055 lakh for Nifty stocks.

Asian markets closed in red on Monday. Hang Seng, Nikkei 225 and Shanghai closed 1.19 per cent, 2.10 per cent and 1.70 per cent down at 22,370.04, 18,683.24 and 3,325.08.

——————————————————————————————————–

3.30 pm: Key benchmark indices fell for the six consecutive trading session on Monday. Sensex closed 97.68 points down at 26,559.15 while Nifty settled 15 points down at 8050.80.

3.01 pm: Share price of country’s largest telecom operator Bharti Airtel was flat at Rs 348.65. According to Moody’s Investors Service, Bharti Airtel will have a revenue growth of 8-10 per cent over the next 12-18 months on strong demand for data services and affordable smartphones. Sensex was down 136 points at 26,520.

2.26 pm: Shares of Atul Ltd were trading over 2 per cent up at Rs 1704.10. The company on Friday reported 42.98 per cent rise in its net profit at Rs 84.46 crore for the quarter ended September 30, 2015 as compared to Rs 59.07 crore for the same quarter in the previous year. However, the company’s total income decreased by 1.67 per cent to Rs 659.76 crore for the quarter under review from Rs 670.97 crore for the corresponding quarter of the previous year.

2.15 pm: In the 30-share index, Sensex, Mahindra & Mahindra, Tata Motors and Maruti Suzuki India were trading up 2.33 per cent, 1.18 per cent and 0.57 per cent at Rs 1210, Rs 389 and Rs 4474, respectively. Sensex was down 255 points at 26,401.46.

1.59 pm: Larsen & Toubro share price fell as much as 2.5 per cent intraday after brokerage houses HSBC, Citi and Barclays downgraded rating of the engineering and construction major citing decline in new order growth and expensive valuations.

1.36 pm: BSE Metal index was trading 1.49 per cent down and BSE Capital Goods index was trading 1.47 per cent down. BSE Sensex and NSE Nifty fall continued with the former trading 225.33 points down at 26,431.50 and the latter was trading 52.20 points down at 8,013.60.

1.22 pm:  Meanwhile, foreign portfolio investors (FPIs) net sold shares worth Rs 1,464.89 crore last Friday, as per provisional data released by stock exchanges. Sensex was down 207 points at 26,449.

1.01 pm: Mild buying was seen in auto, consumer durables and realty stocks though. Sensex was down 225 points at 26,431.10.

12.48 pm: Extending losses to hit a fresh intra-day low following a bout of volatility, NSE Nifty was trending over 0.50 per cent down, weighed by capital goods, metal and healthcare amid weakness in Asian cues. Nifty slid below 8,000 and touched its one month low. The benchmark index on Monday opened at 8,054.55 and had touched a high and low of 8,060.55 and 7,999.30, respectively, in trade so far. Nifty was at 7,950.90 on October 1.

12.21 pm: Shares of IDFC Ltd on Monday plunged over 7 per cent after the company registered a net loss of Rs 1,468.83 crore on a consolidated basis for the September quarter. Sensex was trading 221.40 points down at 26,435.43. NSE Nifty was trading 56.30 points down at 8,009.50.

12.10 pm: Meanwhile, Moody’s Investors Service said it has changed its outlook for India’s banking system to stable from negative because of the gradual improvement in the operating environment for  Indian banks.

12.01 pm: India’s manufacturing sector growth slipped further and touched a 22-month low in October largely due to a slower increase in new orders, but firms hired additional workers, a Nikkei survey said on Monday. The Nikkei India Manufacturing PMI — a composite monthly indicator of manufacturing performance — stood at 50.7 in October, down from 51.2 in September, reflecting a weaker improvement in business conditions across the sector.

11.48 am: Reliance Communications Ltd share price were trading 2.86 up at Rs 77.40 after the telecommunications service provider and Sistema JSFC, a publicly-traded diversified holding company in Russia and the CIS announced that they have signed definitive documents for demerger of Sistema’s Indian wireless business, carried on by Sistema Shyam Teleservices (SSTL) under the MTS brand, into RCom. Sensex was down 188.15 points at 26,468.68. Nifty was down 51.30 points at 8,014.50.

11.31 am: Indian Overseas Bank share price plunged as much as 15.5 per cent in the morning trade on BSE after the state-owned bank reported a net loss of Rs 550.83 crore for the quarter ended September, 2015 (Q2) against a net loss of Rs 245.51 crore in the corresponding quarter a year ago. At 11.31 am, the scrip was trading 12.86 per cent down at Rs 30.50.

11.13 am: Jet Airways shares jumped over 8 per cent on Monday after Ace investor Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.52 crore through an open market transaction. According to the bulk deals data available with NSE, Jhunjhunwala’s RARE Enterprises acquired 11,95,000 shares or 1.05 per cent stake in the private airline.

11.09 am: Ashok Leyland, the commercial vehicle manufacturer, has reported an increase of 17 per cent in sales in October 2015 to 9,804 units as against 8,402 units sold in the same period of last year. The company has experienced a jump of 22 per cent in its medium and heavy commercial vehicle (M&HCV) products segment to 7,177 units in October. The company’s light commercial vehicle (LCV) segment witnessed a rise of 4% to 2,627 units in October 2015. The share price of Ashok Leyland was trading 2.24 per cent down at Rs 91.55.

10.47 am: Maruti Suzuki India shares were trading 0.67 per cent up after the car maker reported 29.10 per cent jump in sales for the month of October 2015 at 1,34,209 units as compared to 1,03,973 units sold in October 2014.

10.43 am: Bajaj Auto shares plunged as much as 5 per cent in the morning trade on Monday after the company reported 9 per cent fall in sales for the month of October 2015 at 3,52,822 units as compared to 3,86,017 units sold in October 2014. Sensex was down 132 points at 26,524.

10.28 am: Eicher Motors has sold 44,522 units in October 2015, registering a growth of 71 per cent as compared to 26,039 units sold in October 2014. The company’s domestic sales stood at 44,138 units, up by 73 per cent as against 25,510 units in October 2014. However, export of the company declined 27 per cent to 384 units as compared to 529 units sold in October 2014. The share price of Eicher Motors were trading 0.75 per cent up at Rs 17,895. The BSE Auto index was up 0.51 per cent at 18,259.31.

10.19 am: Benchmark indices were down 0.50 per cent in the morning trade. Brokers said persistent selling by participants following weaker-than-expected earnings by some companies and a weak trend at other Asian markets after weak Chinese manufacturing
data for October fuelled fears about the state of the world’s number two economy mainly dampened the sentiment.

10.13 am: Meanwhile, Coffee Day Enterprises made a weak debut on bourses. Coffee Day Enterprises shares opened at Rs 317 on NSE, below its initial public offering price of Rs 328 on its market debut on Monday. On BSE, shares of Coffee Day Enterprises opened at Rs 313. At 10.13 am, shares of Coffee Day were trading at 294.85 apiece.

9.56 am: LIC Nomura Mutual Fund has launched the LIC Nomura MF Exchange Traded Fund- CNX Nifty, an open ended other ETF scheme. The NFO opens for subscription on November 02, 2015 and closes on November 16, 2015. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and thereafter multiples of Rs 1 during NFO.

9.50 am: The rupee fell by 16 paise to 65.43 against the dollar in early trade today on sustained foreign fund outflows amid increased demand for the US currency from importers. Nifty was down 33.75 points at 8,032.05.

9.38 am: Sensex was down 112 points at 26,543. Titan Company share price declined as much as 5.36 per cent in the early trade on Monday after the Tata Group firm on Friday reported 39.41 per cent decline in net profit at Rs 145.39 crore for the second quarter ended September 30, hurt by sharp drop in income from jewellery business. The company had posted a net profit of Rs 239.98 crore in the same quarter last fiscal.

9.27 am: Sensex was down 79.88 points at 26,576.95. Shares of Tata Motors jumped over 1.4 per cent as the company on Sunday reported 1 per cent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year. Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month.

9.15 am: The BSE Sensex and NSE Nifty opened on a flat note on Monday. Sensex opened 15.14 points down at 26641.69. Nifty opened 11.25 points down at 8,054.55.

Sensex figures were not updating in the opening trade.

Coffee Day Enterprises Ltd will be listed on the both BSE and NSE today.

Asian stocks slid on Monday after soft Chinese factory surveys stoked global growth concerns, while the dollar edged back against the safe-haven yen as risk appetite waned. Hang Seng, Nikkei and Shanghai were down 0.41 per cent, 1.87 per cent and 0.27 per cent, respectively.

China’s factory activity fell for an eighth straight month in October, the Caixin purchasing manager’s index (PMI) showed, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.

Wall Street on Friday was hit by downbeat corporate earnings, which dragged down Nikkei futures trade on Monday morning before the cash market opened.

Back home, Sensex and Nifty fell for the fifth consecutive day on Friday as quarterly results from ITC and Larsen & Toubro disappointed investors and raised concerns about the health of the corporate sector. The sentiments were also affected after Moody’s projected that RBI will keep rates on hold for the remainder of 2015, with a small chance of another cut early next year. Sensex closed 181.31 points down at 26,656.83 while Nifty settled 45.95 points down at 8,065.80.

(With inputs from agencies)