​​​
  1. Markets post biggest one-day fall since June 24; Sensex ends 444 points down, Nifty settles below 8,720

Markets post biggest one-day fall since June 24; Sensex ends 444 points down, Nifty settles below 8,720

Domestic benchmark indices BSE Sensex and NSE Nifty registered their biggest one-day fall on Monday since June 24, 2016 on account of weak global cues

By: | New Delhi | Updated: September 12, 2016 3:39 PM
BSE Sensex NSE Nifty Domestic benchmark indices BSE Sensex and NSE Nifty registered their biggest one-day fall on Monday since June 24, 2016 on account of weak global cues

CLOSING BELL

Domestic benchmark indices BSE Sensex and NSE Nifty registered their biggest one-day fall on Monday since June 24, 2016 on account of weak global cues following re-emergence of US Fed rate hike concerns. Traders also stood cautious ahead of factory output, or IIP data, for July July and inflation data for August scheduled to be released later in the day. Weak Indian rupee further dampened market sentiments on Monday. Sensex closed 443.71 points down at 28353, while Nifty settled 151.10 points down at 8715.60

3.13 pm: The BSE Midcap and BSE Smallcap index were down by 2.94 per cent and 2.28 per cent at 12953.09 and 12568.13, respectively.

3.05 pm: In the 30-share pack, Infosys, Reliance, TCS and Wipro were up between 0.05 per cent and 1.70 per cent. On the other hand, all other components of Sensex were trading in red. Sensex was down 453 points at 28343.77.

2.13 pm: Cairn India shares were trading 4 per cent down at Rs 191.40. Vedanta was down 5.39 per cent at Rs 162.40. Read more: Vedanta shareholders, creditors nod to Cairn India merger; shares down

1.54 pm: Unitech shares were trading 4.33 per cent down at Rs 5.97. Of late, Delhi High Court ordered the company to open escrow accounts and use the money deposited in it solely for completing its delayed housing projects. Sensex was trading 401 points down at 28,396.

1.25 pm: Banking stocks were trading in red in afternoon trade. The Nifty Bank index was down 2.14 per cent at 19,811. Bank of Baroda, YES Bank and PNB were down by 5.15 per cent, 4.98 per cent and 4.14 per cent, respectively. Sensex was down 386 points at 28410.

12.35 pm: Meanwhile, European markets also opened in red in line with global peers. FTSE opened below 50-day moving average. Sensex was trading 375 points down at 28,421.

12.07 pm: Jaypee Infratech shares plunged over 5 per cent after it posted a net loss of Rs 35.67 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 20.86 crore for the same quarter in the previous year. However, the company’s total income more than doubled to Rs 1,099.33 crore for the quarter under review from Rs 514.57 crore for the corresponding quarter of the previous year. Sensex was trading 387.51 points down at 28409.74.

11.11 am: Sensex was trading 419 points down at 28,378.

11.10 am: ICICI Bank was trading 2.39 per cent down at Rs 267.60. Read more: ICICI Bank shares fall 4% as lender plans to buy 10% stake in Resurgent Power

10.29 am: In the 50-share index, YES Bank, Hindalco, Hero MotoCorp, Axis Bank and ICICI Bank were down between 3 per cent and 4.42 per cent. On the other hand, Tech Mahindra, Infosys and Wipro were up between 0.27 per cent and 1.20 per cent.

9.52 am: Selling in realty, auto, capital goods and metal sector further dampened market sentiments on Monday. Sensex was down 393 points at 28404.18. Nifty was down 123.40 points at 8743.30.

9.28 am: Dilip Buildcon has incorporated a company named as ‘DBL Lucknow Sultanpur Highways’ for 4-laning of the Lucknow – Sultanpur section of NH-56 from 11.500 km to 134.700 km in the state of Uttar Pradesh under NHDP Phase – IV, on a hybrid annuity basis at a Project cost of Rs 2,016.0 crore and the first year O&M cost of Rs 5.00 crore. The said company has been incorporated as wholly owned subsidiary of Dilip Buildcon. Shares of the company were trading 1.24 per cent down at 227.45.

Read more: 5 reasons why BSE Sensex tumbled over 500 points on Monday

9.22 am: Indian rupee was trading around 24 paise down at 66.92 in the early trade. Sensex was down 405 points at 28,391. Nifty was down 139.80 points at 8,726.

9.16 am: Sensex tanked 505 points to 28291.59 in the early trade. Nifty was down 161 points at 8,705.

9.15 am: Domestic equity markets opened in red on Monday on the back of weak global cues. Other Asian markets were also trading lower with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting US interest rates as early as next week. Hang Seng was trading 663 points down at 23,436. The BSE Sensex opened 316.16 points down at 28481.09 on Monday, while Nifty was trading 133.75 points down at 8732.95.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top