Sensex today: BSE Sensex slips 179 points, Nifty gives up 10,600 mark; Rupee at all-time low

By: | Updated:Jun 28, 2018 5:14 pm

The benchmark Sensex of the BSE recovered almost 100 points from its day's low to close Thursday's volatile trade session at 35,037.64 points, down 179.47 points or 0.51% from its previous close. The Nifty lost the 10,600 mark and closed 82.30 points or 0.77% at 10,589.10 points.

निफ्टी, बीएसई, सेंसेक्स, कारोबार, भारत, SENSEX, NIFTY, BSESensex live today: BSE Sensex, Nifty opened lower on Thursday.

The benchmark Sensex of the BSE recovered almost 100 points from its day’s low to close Thursday’s volatile trade session at 35,037.64 points, down 179.47 points or 0.51% from its previous close. The Nifty lost the 10,600 mark and closed 82.30 points or 0.77% at 10,589.10 points. According to market experts, negative global cues, along with rising crude oil prices and a weak rupee, hampered investors risk-taking appetite.

The Sensex slipped below the 35,000 mark to a low of 34,937.15 in late afternoon trade as intense selling in blue chips ICICI Bank, Tata Motors, Power Grid, Coal India, Reliance Industries, SBI, Bajaj Auto, Maruti Suzuki and HDFC weighed heavy on the benchmark Sensex. However, gains in shares of Infosys, NTPC, M&M, Bharti Airtel, Kotak Bank and HDFC Bank limited the fall of the Sensex. On Thursday, rupee breached the 69 per US dollar mark to an all time low.

Live Blog

Sensex, Nifty levels, top gainers and losers -- check all updates of Indian share markets here

17:14 (IST)28 Jun 2018
Varroc IPO closes today, oversubscribed 3.5 times on last day of bidding

Varroc Engineering IPO was oversubscribed 3.54 times on the final day of bidding following heavy subscription from QIBs (Qualified Institutional Investors) through NSE, by almost 6.58 times. Non-Institutional Investors oversubscribed by 2.54 times. The retail unit also got a good response and was subscribed by 84%.  The IPO of Varroc Engineering opened on Tuesday, 26 June 2018, and got oversubscribed on the second day of bidding.

16:02 (IST)28 Jun 2018
BSE Sensex slips 179 points, Nifty gives up 10,600 mark

The benchmark Sensex of the BSE recovered almost 100 points from its day's low to close Thursday's volatile trade session at 35,037.64 points, down 179.47 points or 0.51% from its previous close. The Nifty lost the 10,600 mark and closed 82.30 points or 0.77% at 10,589.10 points. According to market experts, negative global cues, along with rising crude oil prices and a weak rupee, hampered investors risk-taking appetite.

The Sensex slipped below the 35,000 mark to a low of 34,937.15 in late afternoon trade as intense selling in blue chips ICICI Bank, Tata Motors, Power Grid, Coal India, Reliance Industries, SBI, Bajaj Auto, Maruti Suzuki and HDFC weighed heavy on the benchmark Sensex. However, gains in shares of Infosys, NTPC, M&M, Bharti Airtel, Kotak Bank and HDFC Bank limited the fall of the Sensex. On Thursday, rupee breached the 69 per US dollar mark to an all time low.

"Weak global cues and rising oil price continued to impact domestic market sentiment while rupee declined to all time low amid concern on inflation and current account deficit. The mid & small cap continued to underperform amid tensions in global trade while short-term investors are using every opportunity to book profits due to F&O expiry. Any intervention from RBI to contain the volatility in rupee, and progressing monsoon will provide some respite to domestic market in the near term," said Vinod Nair, Head of Research, Geojit Financial Services.

15:57 (IST)28 Jun 2018
Expert's take on equity markets

"Markets opened flat and continued to move down for the day on the back of weak global cues and an inherent malaise on the domestic bourses. Sectorally IT held up, whereas omcs, airlines all sectors related to crude corrected in trade, a rallying crude will only bring further margin pressure in all these stocks. Banks held up in trade today as well closing with losses of under half a percent for the session. Fiis continue to be net sellers; they are taking money out of both frontline and midcap stocks, this trend we see set to continue going forward.  We would advocate staying short at the current juncture and hold a bearish outlook on the markets." -Nikhil Kamath, Co-Founder, Zerodha

15:43 (IST)28 Jun 2018
Expert's comment on F&O expiry

“Activity in Derivative market has been picking up in last 3-4 month and the same can be seen in increasing the Open interest. Market has been volatile during the month of Jun with a range of 10550 – 10890. Major index NIFTY is near its June month starting level of 10750. Roll over activity has been low this month,  people have already started taking 2019 election into consideration. Global cues will be the driving force for Indian market." --  Rahul Mishra, AVP (Derivatives), Emkay Global Financial Services.

15:37 (IST)28 Jun 2018
Sensex, Nifty trim losses but settle in red; Nifty gives up 10,600 mark

At 3.30 pm, the Sensex closed 179.47 points or 0.51% lower at 35,037.64 points. The Nifty settled at 10,589.10 points, down 82.30 points or 0.77%.

15:32 (IST)28 Jun 2018
Varroc IPO update at 3.20 pm: oversubscribed 2.63 times

Investor-category wise subscription details:

QIBs (Qualified Institutional Buyers): 6.92 times

Non-Institutional Investors: 1.43 times

Retail Investors: 71%

Employees: 60%

14:57 (IST)28 Jun 2018
BSE Sensex heatmap at 2.55 pm

ICICI Bank, Coal India, Power Grid, Yes Bank, SBI shares top five losers.

14:49 (IST)28 Jun 2018
Sensex gives up 35,000 mark, Nifty below 10,600

BSE Sensex plunged 280 points to a low of  34937.15 during the late-afternoon trade. The Nifty slipped below the 10,600 mark, falling over 100 points to a low of 10,557.70 points. Negative global cues, along with a weak rupee and intense selling pressure subdued the key indices of the Indian stock markets. Shares of ICICI Bank, Coal India, Yes Bank, HDFC, SBI, Tata Motors, TCS, RIL and LT were among the top laggards on the Sensex.

13:43 (IST)28 Jun 2018
5 key reasons for INR’s depreciation against USD

Why Indian rupee fell to all-time low vs US dollar today: 5 biggest reasons for INR’s plunge to record low

The rupee plunged as much as 49 paise to an all-time low of 69.10 vs the US dollar at the interbank foreign exchange market in the morning session on Thursday. The rupee value against US dollar on Thursday got depreciated very quickly following the negative global cues and deprived condition of regional Asian currencies. Earlier yesterday, the rupee lost about 37 paise to end at a 19-month low of 68.61 per US dollar. The Reserve Bank of India (RBI) on Wednesday fixed a rupee to US dollar reference rate of 68.5246 and rupee to euro reference rate of 79.8654.

13:39 (IST)28 Jun 2018
Valuations still not mouth watering for making fresh investments in domestic markets, says Jatin Khemani, founder of Stalwart Advisors

As markets remain range-bound, here are contrarian stock bets from Jatin Khemani to tide over volatility

While the domestic stock markets have seen a lot of correction triggers in the current year 2018 — ranging from the introduction of LTCG and the more recent auditor resignations, valuations are still not mouth watering for making fresh investments, says investment advisor Jatin Khemani. Given that even the smaller companies are now being deeply researched by a wider investment community, it has become difficult to find undervalued scrips, he says.

13:27 (IST)28 Jun 2018
Weak rupee keeps technology shares slightly higher; Infosys up 1.6%

The S&P BSE IT index traded marginally higher on the back of a weak rupee. The index rose almost 1% to its day's high earlier on Thursday. However, gains were trimmed on overall weakness in the domestic share markets. Around 1.20 pm, the IT index was trading slightly higher by 0.06%. Shares of Infosys traded 1.62% up at Rs  1,290.45 per share. The Indian rupee on Thursday collapsed to the all-time low value against the US dollar at the foreign exchange market and broke 69 per USD level for the first time in history.

13:16 (IST)28 Jun 2018
BSE consumer durables worst performing index, down 1.7%; Titan shares down 3%

The S&P BSE consumer durables index was among the worst performing sectoral indices on Thursday, dropping almost 352 points or 1.75% to a low of 19,759.81. Shares of Titan Company dropped over 3% and was among the top losers on the index. Titan was followed by stocks of companies like TTK Prestige, Whirlpool India, Crompton Greaves Consumer Electricals and Blue Star. Symphony and VIP Industries shares traded with gains of over 1%.

12:33 (IST)28 Jun 2018
Lakshmi Vilas Bank's shares hit 3-week low

Shares of Lakshmi Vilas Bank Ltd dropped 5.9% after news reports that market regulator SEBI has questioned the private lender on not disclosing a dispute with Religare Finvest, a unit of Religare Enterprises Ltd in its regulatory filing for rights share issue launched earlier this year. Shares of the private bank fell as much as 5.9% to Rs 104.1 on the NSE. The level is the lowest since June 6, 2018.

11:56 (IST)28 Jun 2018
BSE Heatmap at 11.52 am

BSE Heatmap: Coal India, Power Grid, ICICI Bank, HDFC deep in red.
BSE Heatmap: Coal India, Power Grid, ICICI Bank, HDFC deep in red.

11:50 (IST)28 Jun 2018
PSU Banks trade mixed; PNB, Union Bank up; SBI down

Shares of PSU Banks traded on a mixed note on the NSE during mid-day trade on Thursday. Shares of PNB (up 1.69%), Union Bank (up 1.23%), Allahabad Bank (up 0.97%), Andhra Bank (up 0.79%), Canara Bank (up 0.36%) and Oriental Bank (up 0.20%) traded with gains. In contrast, SBI (down 0.53%), IDBI (down 0.20%), Bank of Baroda (down 0.39%), Bank of India (down 0.79%), Syndicate Bank (down 1.22%) and Indian Bank (donw 1.80%) shares dropped.

11:40 (IST)28 Jun 2018
Sensex slips over 100 points; Coal India, ICICI Bank top drags

Sensex fell over 100 points during mid-day trade on Thursday, dragged by heavy selling in Coal India shares, which fell over 2%. Shares of ICICI Bank, Power Grid, HDFC and Yes Bank slid over 1% each. Sensex fell 117.61 points to a low of 35099.50.  The Nifty fell almost 50 points to a low of 10,622.10.

11:33 (IST)28 Jun 2018
Power Grid shares slip 1.44%, hits 1-1/2-yr low

Power Grid Corporation of India shares fell as much as 1.44% to Rs 184.5 on the NSE. The level is the lowest Januaryanusry 3, 2017. On the BSE, the shares of Power Grid fell almost 1.91% to a low of Rs 184.50 per share. 

10:22 (IST)28 Jun 2018
Sensex pares early losses, Nifty flat

The benchmark BSE Sensex recovered over 150 points from its day's low to record a high of  35,282.40 on an intra-day basis. Fall in the BSE Sensex was arrested by gains in shares of Infosys (up 2.11%), M&M (up 2.14%), HDFC Bank (up1.13%), Vedanta (up 1.26%) and Wipro (up 0.72%).  The NSE Nifty traded flat at 10,653.60, down 17.80 points or 0.17%.

09:56 (IST)28 Jun 2018
Morgan Stanley’s Jonathan Garner is bullish on India

Jonathan Garner of Morgan Stanley says that Asia EM equity strategists have been bearish on the markets.  Jonathan Garner, chief strategist for Asia and emerging markets at Morgan Stanley noted that there is similar downside for MSCI China and MSCI EM (emerging markets). In an interview to ET Now, Garner pointed out that he is overweight on India, but rising crude oil prices are a major risk. He also said that Morgan Stanley has raised Australia to equal-weight from underweight. With respect to India, he said recently that considering that the crude oil prices may actually come back as a headwind in 2019, Morgan Stanley would be would be very cautious about strategically re-engaging here. 

09:34 (IST)28 Jun 2018
Rupee at all-time low of 69.01

Rupee crashes to all-time low against US dollar; breaks 69 per USD level for first time in history

The Indian rupee plunged by 38 paise to an all-time low of 69.01 against the US Dollar in early trade on Thursday. The Indian rupee extended the plunge from the 19-month low and fell to its all-time low value at the foreign exchange market against US dollar breaching the 69 per USD level for the first time in history.

09:22 (IST)28 Jun 2018
Sensex loses 90 points on opening; Nifty loses 26 points

The benchmark BSE Sensex lost over 90 points to hit a low of 35126.85 points in opening trade on Thursday. The Nifty of the National Stock Exchange scored a low of 10,644.90 points, losing almost 26 points. Shares of Coal India slipped over 2%, while shares of LT, NTPC, SBI, ICICI Bank, Power Grid, Hero MotoCorp, Adani Ports and ONGC lost over 1% in early trade.

09:15 (IST)28 Jun 2018
Asian share markets flirt with 9-month low

Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration's approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. technology firms, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25 percent to a nine-month low in early trade while Japan’s Nikkei shed 0.30 percent. The U.S. S&P 500 lost 0.60 percent on Wednesday to one-month closing low. MSCI’s broadest gauge of the world’s stock markets fell to its lowest level in almost three months, on course to post its fourth month of loss in the last five. Its emerging market index hit the weakest level since mid-August.

09:07 (IST)28 Jun 2018
Oil prices fall slightly, Brent crude oil price above $77 per barrel

US oil prices dipped away from three-and-a-half year highs amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline, according to a Reuters report. US West Texas Intermediate (WTI) crude futures were at $72.54 a barrel at 0253 GMT, down 22 cents, or 0.3 percent from their last settlement. WTI hit its highest since November 2014 at $73.06 per barrel in the previous session. Brent crude futures were at $77.54 per barrel, down 8 cents from their last close.

09:05 (IST)28 Jun 2018
Varroc IPO update: oversubscribed on second day

Varroc IPO oversubscribed on second day of bidding as institutional investors gather in huge numbers

The IPO of Varroc Engineering which opened on Tuesday, 26 June 2018, got oversubscribed on the second day of bidding following a heavy subscription from QIBs (Qualified Institutional Investors) through NSE on Wednesday. Varroc Engineering has expected to raise Rs 1,755 crore at the upper end of the price band set at Rs 965 to Rs 967. Today, 28 June 2018, will be the last day of bidding. Varroc Engineering IPO is the biggest initial share sale in India in FY19 so far.

M&M, Infosys, ONGC, Vedanta and Tata Steel gained over 1% on the BSE Sensex. Shares ICICI Bank, LT, Power Grid, and NTPC were the top drags on the Sensex.
Switch to Hindi Edition