Share market highlights: Sensex trims losses, closes 109 pts down; Nifty ends at 11,053; eyes on US Fed meet

By: | Updated:Sep 26, 2018 4:29 pm

Share market HIGHLIGHTS: Sensex and Nifty ended in the negative territory on Wednesday, however trimming some of the day's losses. Market sentiment turned cautious ahead of the September month derivatives expiry on Thursday and outcome of the US Federal Reserve meet later in the evening.

stock market, sensex, nifty, सेंसेक्स, निफ्टी, BSE, NSE, crude, rupee, trade war, global tension, पेट्रोल, डीजलStock market highlights: Minutes into trading, Sensex and Nifty quickly trimmed gains as investors booked profits.

Sensex and Nifty ended in the negative territory on Wednesday, however trimming some of the day’s losses. Market sentiment turned cautious ahead of the September month derivatives expiry on Thursday and outcome of the US Federal Reserve meet later in the evening. Heavy selling pressure in IT, Teck, FMCG, PSU Banks and auto sectors pulled the benchmark indices lower.

The BSE Sensex closed at 36,542.27 points, down 109.79 points or 0.30% lower on Wednesday after slumping 294 points to an intra-day low of  36,357.93 points. The NSE Nifty fell 13.65 points or 0.12% to end at 11,053.80 points.

ITC, TCS, Infosys, SBI, Maruti Suzuki, HUL and Kotak Bank wiped out nearly 225 points from the Sensex index. On the other hand, Reliance Industries, HDFC Bank, Vedanta, LT and ICICI Bank were the top contributors. Earlier in the morning, the domestic equity indices had gained nearly 0.7% each in opening trade, with the BSE Sensex surging 286 points and the Nifty 50 index rising 78 points.

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16:29 (IST) 26 Sep 2018
Sectoral performance on the NSE was mixed -- BNP Paribas Mutual Fund

"Stock markets in India started the day on a positive note but soon succumbed to selling pressure to spend the day in the negative zone. Investors adopted a note of caution as they awaited cues from a US Federal Reserve meeting that ends later in the global day. Additionally, concerns about continuing trade tensions lingered, capping intermittent flickers of upside momentum. Both the benchmark Sensex and the Nifty finally ended the day with losses of over ~0.20%. Sectoral performance on the National Stock Exchange (NSE) was mixed. While the IT, PSU banking, FMCG and auto indices lost ~1% in trade today, the metals and realty indices witnessed gains of over 1.5%."

-- Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

16:14 (IST) 26 Sep 2018
Market stays on a cautious sentiment ahead of FED policy outcome and higher oil price -- Geojit Financial Services

'Worries over liquidity issues in NBFC space demoralized investors in domestic markets. Market stays on a cautious sentiment ahead of FED policy outcome and higher oil price as major OPEC producers declined to increase the output. Volatility in global markets is likely to remain elevated in the short term given cancellation of trade talks between US & China.'

-- Vinod Nair, Head of Research, Geojit Financial Services

15:56 (IST) 26 Sep 2018
BSE update: Check out the top Sensex losers today

15:55 (IST) 26 Sep 2018
BSE update: Top gainers on the BSE Sensex today

15:39 (IST) 26 Sep 2018
Check out the top 5 gainers and losers on the Nifty 50

Share market update: Indiabulls Housing Finance was the top gainer on the Nifty index today, while Tata Motors was the top drag. Check out the other gainers and losers on Wednesday.

15:36 (IST) 26 Sep 2018
CLOSING BELL: Sensex closes 109 points lower, Nifty ends above 11,050; Vedanta up 4%

The Sensex recovered from its day's low to close 109.79 points or 0.30% lower at 36,542.27 points. The NSE Nifty ended at 11,053.80 points, down 13.65 points or 0.12%.

Sensex heatmap
15:23 (IST) 26 Sep 2018
NSE live: Nifty trades above 11,050-level, Indiabulls Housing Finance up 7.65%

The Nifty 50 index of the NSE traded 2.05 points or 0.02% lower at 11,065.40 points in late-afternoon trade deals. Out of the 50 stocks trading, 23 declined and 27 advanced. Indiabulls Housing Finance was the top Nifty gainer, followed by UPL, Vedanta, Titan and Hindustan Petroleum. Tata Motors was the top drag, down 3.09%.

15:19 (IST) 26 Sep 2018
BSE live: Sensex trims some losses; RIL, HDFC Bank, Vedanta top index gainers

The BSE Sensex trimmed some losses to trade at 36,571.05 points, down 81.01 points or 0.22% lower, during late afternoon trade deals. Healthy buying in Reliance Industries, HDFC Bank, Yes Bank, Vedanta, Tata Steel and LT among other index heavyweights helped the benchmark to trim some losses. The Sensex slipped over 250 points during afternoon trade session as most sectoral indices slipped into the red.

15:14 (IST) 26 Sep 2018
Fitch places Bank of Baroda's VR on 'rating watch negative'

Fitch Ratings on Wednesday placed Bank of Baroda's viability rating (VR) on rating watch negative (RWN), post the government's proposal to merge the lender with Vijaya Bank and Dena Bank, PTI reported. The bank's VR currently stands at 'bb'. The action comes a day after another international rating agency Moody's affirmed ratings of Bank of Baroda, and kept outlook on all the ratings as stable.

14:19 (IST) 26 Sep 2018
Hong Kong shares follow region higher on receding trade war fears, high oil prices

Global market update: Shares in Hong Kong closed higher on Wednesday, with trade war fears taking a back seat to rising hopes that the expanded index inclusion of A-shares could lift the broader market, and as high oil prices boosted energy firms, said a Reuters report. The Hang Seng index rose 1.2%, to 27,816.87, while the China Enterprises Index gained 1.5%, to 10,985.60 points.

14:16 (IST) 26 Sep 2018
PNB board to consider capital infusion by govt, shares jump 3%

Punjab National Bank on Wednesday said the board of the company will consider an infusion of Rs 5,431 crore by the government. Following the development, shares of PNB jumped 3.35% to a high of Rs 69.30 per share on the BSE. In a regulatory filing to the BSE, the bank informed that the meeting of the Board of Directors of the company to consider and approve capital infusion by the government and fixing date of EGM is scheduled on 27 September.

13:53 (IST) 26 Sep 2018
Metal stocks gain; Vedanta gains over 5%

Share market update: Even as the Sensex and Nifty extended their gains during afternoon trade on Wednesday, the metals sector continued to gain. Vedanta shares rose over 5% on the NSE Nifty Metals index. Check out the other gaining metal stocks:

13:30 (IST) 26 Sep 2018
Cabinet okays Rs 4,500-cr package to sugar industry

The government Wednesday approved a Rs 4,500 crore package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, PTI reported quoting sources. The Cabinet Committee on Economic Affairs (CCEA) approved the food ministry's proposal that seeks to address the surplus domestic stock of sugar and help mills in clearing huge cane arrears of around Rs 13,000 crore.

13:03 (IST) 26 Sep 2018
India NBFCs' liquidity situation manageable: Citi Research

NBFC stocks witness sharp sell-off in the last few days due to concerns regarding rollover of short-term credit and availability of funds, says a Citi Research report. The report said that while borrowing costs may rise going forward as investors become more cautious, the liquidity situation for NBFCs under its coverage manageable. Citi does not see near-term liquidity risks for most companies under coverage based on whether inflows/asset maturities over the next year exceed outflows/liability maturities. Higher market yields may raise borrowing costs and put NBFCs' NIM under pressure, especially those that are more dependent on market borrowing, Citi analysts add.

HDFC Ltd and L&T Finance Holdings Ltd are the top picks of Citi. HDFC has strong funding franchise with access to deposits and other options, while LTFH has been delivering well on its shift towards retail lending, added the Citi report.

12:57 (IST) 26 Sep 2018
Telecom policy approval likely today: Vodafone Idea shares up, Bharti Airtel flat

The Union Cabinet is likely to discuss the draft of the new telecom policy, known as National Digital Communications Policy (NDCP) 2018, today. 'The draft NDCP is expected to be placed before the Cabinet for approval tomorrow,' PTI reported on Tuesday quoting official sources. Following the development, Vodafone Idea shares rose nearly 2% in Wednesday's trade. On the other hand, Bharti Airtel shares were trading flat.

12:35 (IST) 26 Sep 2018
Australia bank shares fall ahead of inquiry report

Global market update: Australian shares rose fractionally on Wednesday as gains in materials and energy stocks on higher oil and commodity prices offset losses for banks as release of an inquiry's interim report on the sector nears, said a Reuters report. The S&P/ASX 200 index rose 0.1% or 6.4 points to end at 6,192.3. On Tuesday, the benchmark slipped 1 point.

12:31 (IST) 26 Sep 2018
Check out the top 10 losers on the Nifty 50

NSE live: Tata Motors led the pack of top laggards on the Nifty 50 index, followed by HCL Tech, ITC, SBI, Wipro and HUL. Check out the top 10 losers on the NSE.

12:27 (IST) 26 Sep 2018
Market Today: Investors cautious ahead of Fed meet outcome

Today FOMC Policy will be released followed up by FED Chair Mr.Jerome Powell’s conference. Highly expected that it will raise interest rates by 25 basis points, though already absorbed by markets, yet the statement tone will be keenly watched. -- Hiren Sharma, Portia Advisory Services LLP

12:23 (IST) 26 Sep 2018
Mid-cap, small-cap indices buck the trend

While the headline indices -- Sensex and Nifty -- slipped into the negative territory, the broader markets bucked the trend. During afternoon trade deals, the S&P BSE midcap index was trading 0.20% higher, while the small-cap was up 0.09%.

12:15 (IST) 26 Sep 2018
AADHAAR verdict: SC declares Aadhaar scheme constitutionally valid, strikes down some provisions

The Supreme Court on Wednesday declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions, reported PTI. A five-judge constitution bench headed by Chief Justice Dipak Misra held that while Aadhaar would remain mandatory for filing of IT returns and allotment of Permanent Account Number (PAN), it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking of Aadhaar for mobile connections.

12:08 (IST) 26 Sep 2018
Buzzing stocks in trade today: Tata Motors, Motherson Sumi, BEL
Top trending stocks in trade

Share Market Live: Tata Motors, Motherson Sumi, BEL, PNB Housing Finance stocks are among the top trending stocks on the BSE today.

12:02 (IST) 26 Sep 2018
BSE live: Top 10 losing stocks on the Sensex today

The Sensex slipped over 200 points in the pre-noon trade session today with heavy selling pressure in auto, FMCG, IT, oil and gas, and Teck stocks.

Top 10 losing stocks on the Sensex today
11:55 (IST) 26 Sep 2018
Live Market Update: PSU banks stocks slip; SBI falls 1.86%

Most PSU banks stocks were trading lower on the Nifty PSU Banks index. Shares of Andhra Bank (-3.27%), SBI (-1.86%), Bank of Baroda (-1.19%), Bank of India (-1.19%),  Allahabad Bank (-0.93%), Syndicate Bank (-0.90%), OBC (-0.90%) and Union Bank (-0.29) were trading lower in pre-noon trade deals today.

11:45 (IST) 26 Sep 2018
Sensex extends losses, Nifty nears 11,000; most sectors slip into red

Live Market Update: The Sensex slipped over 200 points during prenoon trade session as most sectoral indices slipped into the red. Heavy selling pressure was witnessed in IT, auto, FMCG, metals, media and PSU banks sectors. The Nifty neared the 11,000 mark as most sectoral indices fell. (image: NSE sectoral indices) NSE sectoral indicesNSE sectoral indices

11:30 (IST) 26 Sep 2018
Share Market Live: Most auto stocks trade lower; Tata Motors down 4%

11:20 (IST) 26 Sep 2018
Asian shares advance as Chinese stocks extend recovery

Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased, said a Reuters report. Spreadbetters expected European stocks to open flat to firmer, with Britain's FTSE starting little changed, Germany's DAX adding 0.2% and France's CAC up 0.05%. Other markets were more subdued as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5%. Shanghai shares rose 1.55%.

11:12 (IST) 26 Sep 2018
DHFL shares gain 6% after LIC lends support to IL&FS

Dewan Housing Finance Corporation (DHFL) shares over 6% on the BSE on Wednesday after LIC said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. Shares of DHFL has been witnessing wild swings since Friday following reports that Infrastructure Leasing and Financial Services Ltd (IL&FS) and its units had defaulted on repayments. DHFL shares had slumped nearly 34% yesterday, however recovering from its day’s low to finally close down 23.49% at Rs 300.70. DHFL shares had surged nearly 25% on Monday after a 60% plunge on Friday.

10:52 (IST) 26 Sep 2018
Share markets choppy, slip into red; Yes Bank top Sensex gainer, ITC loses 2.8%

10:46 (IST) 26 Sep 2018
IL&FS group stocks surge after LIC lends support

IL&FS Group companies shares gained on Wednesday after state-owned insurer LIC said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. The scrip of IL&FS Engineering and Construction Company gained almost 18% during morning trade session on the BSE. IL&FS Transportation Networks rose 4% and IL&FS Investment Managers surged almost 10%.

10:40 (IST) 26 Sep 2018
FMCG stocks down: ITC slips nearly 2.5%

FMCG stocks were trading lower during morning trade session with shares of ITC losing nearly 2.5% on the NSE. Britannia (-1.85%), Godrej Industries (-1.50%), Tata Global Beverages (-1.21%), HUL (-1.09%), Procter & Gamble (-0.82%) and Dabur (-0.46%) were among the top losers.

10:17 (IST) 26 Sep 2018
Nirmal Jain, Chairman, IIFL Group on NBFCs

"I think NBFC sector fears are exaggerated. The sector has robust regulatory framework, is growing well helping financial inclusion-nation’s growth by delivering credit to the underserved! Excessive panic can cause heart attack in a healthy body. Equity sentiment always moves in a pendulum."

10:14 (IST) 26 Sep 2018
Minda Industries rises most in over 2 month, up 8%

Minda Industries shares surged by 8.40% to a high of Rs 372 per share after the company approved setting up manufacturing plant for 2-wheeler alloy wheels in Maharashtra. Shares of automotive solutions supplier posted their biggest daily percentage gain since July.

10:08 (IST) 26 Sep 2018
Gold prices steady ahead of Fed rate hike decision

Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the U.S. Federal Reserve's two-day meeting, where policymakers are expected to raise interest rates for the third time this year, said a Reuters report. Spot gold was up 0.1% at $1,201.64, as of 0337 GMT, having moved in a $3 range early Wednesday. U.S. gold futures climbed 0.1% to $1,206.0 an ounce.

10:03 (IST) 26 Sep 2018
Top gainers on the National Stock Exchange: Indiabulls Housing Finance up over 7%

10:01 (IST) 26 Sep 2018
Yes Bank top gainer on the BSE Sensex index

09:58 (IST) 26 Sep 2018
Yes Bank shares climb 4% after board decides to seek extension of CEO's term

Yes Bank shares climbed 4% on the NSE after the private sector lender's board said it has decided to seek Reserve Bank of India's approval to extend CEO Rana Kapoor's term until April 30, 2019. The shares of Yes Bank surged to an intra-day high of Rs 228.50 per share in early morning deals.

Deutsche Bank says given the uncertainties around Yes Bank and its strategies, medium-term growth/fees may be challenging, reported Reuters. Deutsche Bank has cut price target to Rs 310 from Rs 350 while retaining "buy" rating.

09:45 (IST) 26 Sep 2018
Rupee recovers 8 paise against US dollar

The rupee recovered by 8 paise to 72.61 against the dollar in early trade Wednesday on mild selling of the US currency by exporters amid easing crude oil prices, said a PTI report. Currency traders said weakness in the dollar against some global currencies overseas and a higher opening of the domestic equity market supported the rupee. The rupee had lost 6 paise to close at 72.69 on Tuesday due to sustained demand for the American currency amid soaring crude prices.

09:36 (IST) 26 Sep 2018
Yes Bank most traded stock on the National Stock Exchange

09:19 (IST) 26 Sep 2018
OPENING BELL: Sensex jumps 286 points, Nifty opens at 11,145.55; Yes Bank climbs nearly 3%

09:15 (IST) 26 Sep 2018
Stocks in news today: Yes Bank, NBFC stocks, Bank of Baroda, telecom stocks, Videocon

Yes Bank: The Yes Bank board has decided to seek at least a three-month extension for Rana Kapoor, managing director and chief executive, from RBI beyond January 31, 2019.

DHFL, IL&FS Group stocks: State-owned insurer LIC said it will not allow debt-ridden IL&FS to collapse and explore options to revive it.

Bank of Baroda: The board of Bank of Baroda will meet on September 29 to consider the government's proposal to merge Dena Bank and Vijaya Bank with itself, its Managing Director P S Jayakumar said Tuesday.

Idea Cellular, Bharti Airtel: The foreign direct investment (FDI) in the telecom sector rose to USD 6.2 billion in the last fiscal, a near five-fold increase from USD 1.3 billion in 2015-16, Union Telecom Minister Manoj Sinha said Tuesday.

Videocon: Resolution professional of debt-laden firm Videocon Telecommunications Tuesday invited bids from prospective buyers for its assets as part of corporate insolvency resolution process, said a PTI report.

Oil prices were supported on concerns of tight supply on U.S. sanctions on Iran's oil exports, quickly paring early losses following data showing U.S. crude stocks rose unexpectedly last week and renewed call from Trump on OPEC to boost crude output, according to a Reuter's report.
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