Share Market HIGHLIGHTS: Sensex falls nearly 300 points, Nifty at 11,823; IndusInd, Bharti Airtel major losers

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Updated:Jun 14, 2019 5:42:02 pm

The Indian headline indices-Sensex and Nifty ended lower on Friday amid global tensions and liquidity concerns in the NBFC sector on the domestic front. While the Sensex lost around 300 points, Nifty ended at 11,823 mark.

Share Market Live, Stock Market Live, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, स्टॉक मार्केट, शेयर बाजार, Indian Share Market Live, Indian Stock Market LiveSensex, Nifty to open lower on Friday amid global tensions

The Indian headline indices-Sensex and Nifty ended lower on Friday amid global tensions and liquidity concerns in the NBFC sector on the domestic front. While Sensex lost 289 points, Nifty ended below 11,850 mark. India’s May WPI inflation eased to 2.45 per cent in May, from 3.07 per cent in April, owing to fall in food prices, government’s official data showed on Friday. The wholesale inflation number stands at 22-month low, which is the lowest since July 2017.

The CNBC-TV18 poll of analysts had predicted the WPI inflation to be at 3.06 per cent. In May 2018, inflation was recorded at 4.80 per cent. The March WPI inflation was also revised to 3.10 per cent from 3.18 per cent earlier. Wholesale inflation is the rate of rise in wholesale prices and is gauged by the Wholesale Price Index (WPI). Today the SGX Nifty lost 28.50 points to end at 11,891.50 level. Currently, while the Sensex is trading 55 points lower at 39,558, down 182 points from the previous close, Nifty is also trading below 11,900 mark. On BSE, while the major gainers are Vedanta, L&T and Sun Pharma, the top losers are IndusInd Bank, Bharti Airtel, Axis Bank and Tata Motors.

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Highlights

    15:01 (IST)14 Jun 2019
    Rupee edges lower to 69.73 per dollar against the last close of 69.51

    The Indian currency Rupee edged lower on Friday against the US dollar to 69.73 a dollar against the previous close of 69.51.

    14:05 (IST)14 Jun 2019
    BSE Heatmap

    13:38 (IST)14 Jun 2019
    Gold futures surge on fresh bets

    Gold prices edged up by Rs 331 to Rs 33,290 per 10 gram at futures trade Friday on firm demand by local jewellers at the spot markets in tandem with positive global sentiments. (PTI)

    13:35 (IST)14 Jun 2019
    MF industry creates a new record in May 2019

    With positive momentum of the last two months intact, the domestic mutual funds (MF) industry created a new record in May’19 — total AUM hit the INR25.9t (+4.6% MoM) mark, surpassing the previous high of INR25.2t in Aug’18. Notably, the MF industry’s AUM has surged a staggering 3.9x in the past 10 years (INR6.6t in May’09)  

    13:32 (IST)14 Jun 2019
    China's May industrial output growth cools to 17-yr low as trade war bites

    China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as the United States ramps up trade pressure. Industrial output grew 5.0 percent in May from a year earlier, data from the National Bureau of Statistics showed on Friday, missing analysts' expectations of 5.5% and well below April's 5.4%. It was the weakest reading since early 2002. (Reuters)

    12:46 (IST)14 Jun 2019
    Indraprastha Gas appoints Deepak Mishra as Additional and Independent Director

    Indraprastha Gas appointed Deepak Mishra as an Additional and Independent Director of the company with effect from June 13,2019. Mishra is a retired Indian Police Service (IPS) Officer. He held senior positions in various police departments and Central Police Reserve Force (CRPF), the company said in an exchange filing.

    12:40 (IST)14 Jun 2019
    Brent oil rises for second day after Middle East tanker attacks

    Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows of the commodity through one of the world's key shipping routes. (Reuters)

    12:28 (IST)14 Jun 2019
    May WPI inflation at 22-month low, lowest since July 2017

    The May WPI inflation eased to 2.45 per cent in May, from 3.07 per cent in April, owing to fall in food prices, official data released Friday showed. The wholesale inflation number stands at 22-month low, which is the lowest since July 2017. The CNBC-TV18 poll of analysts had predicted the WPI inflation to be at 3.06 per cent. In May 2018, the inflation was recorded at 4.80 per cent. The March WPI inflation was also revised to 3.10 per cent from 3.18 per cent earlier. Wholesale inflation is the rate of rise in wholesale prices and is gauged by Wholesale Price Index (WPI).

    12:20 (IST)14 Jun 2019
    NSE Heatmap

    11:26 (IST)14 Jun 2019
    Adani Gas shares rise 7 per cent

    Adani Gas shares rose as much as 7 per cent on reports that the French energy giant Total SA is close to buying a 30% stake in the company.

    11:21 (IST)14 Jun 2019
    China hikes anti-dumping duties on some U.S., EU steel tubes and pipes

    China said on Friday it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the United States and the European Union. The anti-dumping tax rates applicable to the steel tubes and pipes are set between 57.9% and 147.8% on companies in the United States and the EU, effective June 14, China's Ministry of Commerce said in a statement on Friday. (Reuters)

    11:19 (IST)14 Jun 2019
    Asia stocks sag ahead of China data, Gulf attacks support oil

    Asian stocks sagged on Friday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers in the Gulf of Oman. European shares looked to set open slightly higher, however, following overnight Wall Street gains. Pan-region Euro Stoxx 50 futures were up 0.09%, German DAX futures edged up 0.1% and Britain's FTSE futures added 0.18%. (Reuters)

    11:15 (IST)14 Jun 2019
    Dr Path Lab's board approved signing a binding term sheet for acquiring 70 per cent in New Company

    The Board of Directors of Company's wholly owned subsidiary viz. PathLabs Unifiers Private Limited, in their meeting held on June 13, 2019, approved signing a binding term sheet for the acquisition of 70% equity stake in a 'New Company to be incorporated' by Vinita Kothari and Sushila Dalal.

    10:47 (IST)14 Jun 2019
    BSE heatmap

    10:40 (IST)14 Jun 2019
    Japan's May exports seen falling for 6th month as trade war escalates

    Japan's exports likely fell at a faster pace in May, down for the sixth straight month, as the U.S.-China trade war takes a toll on the economy, a Reuters poll showed on Friday. The Bank of Japan is expected to keep its targets for short-term interest rates and its long-term government bond yield unchanged next week, according to the poll. (Reuters)

    10:35 (IST)14 Jun 2019
    Wockhardt shares surged 4 per cent intraday

    Shares of Wockhardt jumped 4 per cent after the US regulator health regulator FDA issued there was Nilobservation (i.e. zero 483 observation), signifying that best practices were followed, in complianceto regulations.

    10:22 (IST)14 Jun 2019
    Hexaware Technologies gains 2 per cent

    IT firm Hexaware Technologies gained 2 per cent after it said it has acquired US-based Mobiquity for 182 million dollars.

    10:04 (IST)14 Jun 2019
    OPEC, Russia nearing accord on long term oil supply coordination

    OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July, to cooperate on oil supplies on a long-term basis, Japan's Nikkei reported, citing Russian energy minister Alexander Novak. Novak also told the Nikkei that discussions with OPEC on moving the date of the meeting to early July from the originally-planned dates of June 25-26 were nearly finalised. (Reuters)

    09:58 (IST)14 Jun 2019
    Nifty heatmap

    09:50 (IST)14 Jun 2019
    Jet Airways slumps 11 per cent

    Shares of debt-ridden airline Jet Airways tumbled more than 11 per cent in the early morning trading session on BSE. Its share are currently trading at 81.25 per share, 10.70 points down than the previous close. 

    09:21 (IST)14 Jun 2019
    Sensex, Nifty open lower

    While the Sensex is trading 17 points lower at 39,723 level against the previous close, Nifty is also in red at 11,901.35, lower 12.70 points than the last settlement

    Here are the top losers and gainers on BSE

    09:15 (IST)14 Jun 2019
    Hexaware Technologies buys US-based Mobiquity for $182 mln

    Indian IT services company Hexaware Technologies has bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings, the company said in an exchange filing.

    09:09 (IST)14 Jun 2019
    Dollar subdued, on course for weekly gain before Fed meeting

    The dollar trod water on Friday and was set to show a weekly rise as investor focus turned to next week's Federal Reserve meeting for hints on a possible rate cut in light of rising risks to trade and global growth.The dollar index against a basket of six rivals was largely unchanged at 97.029, and on track for a half-percent gain this week. The index had touched an 11-week low of 96.459 last Friday. (Reuters)

    09:07 (IST)14 Jun 2019
    Rupee opens flat at 69.51 per dollar

    Rupee remains unchanged on Friday at 69.51 per dollar against the previous close of 69.51.

    09:00 (IST)14 Jun 2019
    Oil prices ease, but Middle East tanker attacks support

    Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world’s key shipping routes. The attacks near Iran and the Strait of Hormuz countered concerns about global demand that had hammered prices in recent weeks, analysts said. It was the second time in a month tankers have been attacked in the world’s most important zone for oil supplies, amid rising tensions between the United States and Iran. (Reuters)

    08:59 (IST)14 Jun 2019
    Gold hits 1-week high on Fed rate cut expectations, Middle East tensions in focus

    Gold prices rose to their highest in a week on Friday, supported as weak U.S. economic data stoked expectations the Federal Reserve would cut interest rates. Investors were also keeping a close eye on tensions in the Middle East after attacks on tankers there stoked U.S.-Iran tensions and raised concerns over supply flows through one of the world’s main sea lanes. Demand for gold often increases during times of political or economic uncertainty as it is widely viewed as a safe-haven asset. (Reuters)

    08:58 (IST)14 Jun 2019
    Global Markets: Asia stocks steady after oil surge lifts Wall Street

    Asian stocks held their ground on Friday after Wall Street gained on a surge in oil prices as attacks on tankers in the Gulf of Oman stoked U.S.-Iran tensions and raised concerns over supply flows through one of the world’s main sea lanes. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. Australian stocks edged up 0.05% while Japan’s Nikkei dipped 0.1%. U.S. stocks rose on Thursday after two days of declines, with energy shares rebounding on the back of crude oil’s surge.

    Wall Street shares have had a strong run in June on hopes the Federal Reserve will ease monetary policy soon to counter a slowing global economy due to the escalating trade war with China. The S&P 500 index is up about 5% so far for the month. But equity market gains were limited ahead of the Fed’s June 18-19 meeting, which will give investors an opportunity to see if the Fed’s monetary policy stance is in sync with market expectations for a near-term rate cut. (Reuters)