Share market HIGHLIGHTS: Sensex ends 572 points down, Nifty below 10,600; Maruti Suzuki down 4.9%

By: | Updated:Dec 06, 2018 4:07 pm

Share market Highlights: After opening lower, Sensex and Nifty extended losses on Thursday afternoon, as financial and auto heavyweights dragged the indices. The 30-share Sensex ended the day 572.28 points lower at 35,312.13.

Share Market Live, Stock Market Latest news, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, Indian Share Market Live, Indian Stock Market LiveShare market Highlights: Sensex plunged about 250 points in the opening trade to 35,627.93, while the broader Nifty 50 was trading above the 10,700-level.

Share market Highlights: After opening lower, Sensex and Nifty extended losses on Thursday afternoon, as financial and auto heavyweights dragged the indices. The 30-share Sensex ended the day 572.28 points lower at 35,312.13, while the broader Nifty 50 ended below the 10,600-level. Earlier, Sensex and Nifty opened negative on Thursday on weak global cues and after RBI refused to soften stance and continued to hold rates. Maruti Suzuki share price plunged about 4.5% to Rs 7,190.

Yes Bank share price plunged more than 2.5% in the opening trade. The US markets were shut yesterday, on account of George Bush’s demise and state funeral service. US futures however continued to trade in the red. Asian shares were subdued in trade. Here are live updates.

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15:40 (IST) 06 Dec 2018
BSE Live: Sensex ends 572 points down, Sun Pharma only Sensex scrip to end in green

After opening lower, Sensex and Nifty extended losses on Thursday afternoon, as financial and auto heavyweights dragged the indices. The 30-share Sensex ended the day 572.28 points lower at 35,312.13, while the broader Nifty 50 ended below the 10,600-level. Sun Pharma shares remained the lone gainers in the index. A look at the heat map.

15:21 (IST) 06 Dec 2018
BSE Live: Sensex down 570 points, RIL, Yes Bank shares plunge up to 3%

Ahead of the closing bell, the 30-share Sensex has plunged further troubled by a viscious sell-off in financial and IT scrips. The 30-share Sensex is now down 570 points to 35,320. Shares of Reliance Industries and Yes Bank are sown up to 3%. A look at the live heatmap.

14:57 (IST) 06 Dec 2018
Anil Ambani-led Reliance Capital constitutes committee for CEO’s appointment; Anmol Ambani among members

A committee has been constituted by Reliance Capital for the appointment of CEO, Anil Ambani-led company said in an exchange filing. “The Board of Directors of the Company has constituted a Search & Selection Committee for appointment of Chief Executive Officer of the Company. The Committee comprises of Shri Rajendra Chitale (Independent Director), Shri V.N. Kaul (Independent Director), Shri Amitabh Jhun;hunwala (Vice Chairman) and Shri Anmol Ambani (Executive Director),” Reliance Capital said.

Also read: Anil Ambani-led Reliance Capital constitutes committee for CEO’s appointment; Anmol Ambani among members

14:40 (IST) 06 Dec 2018
BSE Live: Sensex at day's low, down 510 points; financials plunge

After opening sharply lower, Sensex and Nifty extended losses on Thursday afternoon, as financial heavyweights dragged the indices in the afternoon trade. The 30-share Sensex continues to remain under extreme pressure, down 507 points to 35,367.,12, while the broader Nifty 50 was nearing the 10,600-level. Maruti Suzuki share price plunged more than 4.2% to Rs 7,238 in the afternoon trade. A look at live heat map.

14:21 (IST) 06 Dec 2018
Aurobindo Pharma share price plunges 6% on report of a lawsuit against the co in US; firm clarifies

Share of drug major Aurobindo Pharma tanked on Thusday morning, after a media report said that the company has been named in a lawsuit for selling adulterated irbesartan products. Aurobindo Pharma share price plunged as much as 6% intra-day to Rs 751.95. The firm has clarified on the exchage saying that it has not received any legal notice so far.  "In this regard, we inform you that we have not yet been served with the legal notice as to the institution of legal proceedings against the Company as alleged in the article but we learnt about the alleged proceedings from the media. We further inform you that as and when we receive the notice about the institution of proceedings against the Company, we take legal advice and communicate suitably at an appropriate time," Aurobindo Pharma said in a sttement to the exchages.

14:11 (IST) 06 Dec 2018
Expert take on RBI Policy: Rates on long pause; here’s what bond markets must watch for now

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy Repo Rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. The RBIalso maintained their monetary policy stance of calibrated tightening.

Read more: RBI Monetary Policy: Rates on long pause; here’s what bond markets must watch for now

13:05 (IST) 06 Dec 2018
World Bank's take on India Pakistan trade: Below Potential

According to a latest World Bank report, the current trade between India and Pakistan, a little over $2 billion, is much below than the potential, and can go up to $37 billion if the two countries tear down artificial barriers like lack of connectivity, trust deficit and complicated and non-transparent non-tariff measures. The report titled 'Glass Half Full: Promise of Regional Trade in South Asia' was released here on Wednesday.

Also read: India, Pakistan trade much below than potential, says World Bank report

12:54 (IST) 06 Dec 2018
NSE live: Nifty pharma index plunges 150 points

The Nifty Pharma index emerged as one of the top sectoral losers on Thurday morning, with all the stocks in the index trading in the red, barring Sun Pharma. The index tanked by more than 150 points intra-day to hit the day's low at 8,653. Aurobindo Pharma and Lupin shares plunged as much as 4% in the afternoon trade. A look at the live heatmap.

12:29 (IST) 06 Dec 2018
BSE Live: Stock market remains under pressure; Sensex down 380 points

The 30-share Sensex remained under pressure in the afternoon, owing to a viscious sell-off in financial stocks. Maruti Suzuki, Tata Motors shares plunged by up to 4.5% in the late afternoon. Yes Bank and Kotak Mahindra Bank shares were also among the top draggers in the Sensex. After emerging as top gainers in the index, Sun Pharma shares have given up morning gains. A look at live heat map.

11:59 (IST) 06 Dec 2018
Excerpts from Fitch report: Fitch lowers India growth forecast to 7.2% for current fiscal

In its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India's GDP growth will be 7 per cent and 7.1 per cent respectively. "We have lowered our growth forecasts on weaker-than-expected momentum in the data (GDP), higher financing costs and reduced credit availability. We now see GDP growth at 7.2 per cent in the fiscal year ending March 2019 (FY19), followed by 7.0 per cent in FY20 and 7.1 per cent in FY21,” it said. It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 per cent, as against 8.2 per cent in April-June.

11:44 (IST) 06 Dec 2018
IL&FS Investment Managers' board appoints 2 new additional directors

IL&FS Investment Managers, part of the debt-laden IL&FS group, has approved appointment of Nand Kishore and Kaushik Modak as additional directors in the company. Kishore and Modak have been appointed to the board in the capacity of nominee directors of Infrastructure Leasing & Financial Service. "The board of directors of the company by resolutions passed by circulation on December 6, 2018, have approved the appointment of Nand Kishore and Kaushik Modak as additional directors, in the capacity of nominee directors of Infrastructure Leasing & Financial Service Ltd on the board of directors of the company," IL&FS Investment Managers said in a regulatory filing. IL&FS Investment Managers shares were trading 4.2% per cent down at Rs 6.55 per share on BSE.

11:36 (IST) 06 Dec 2018
Vijay Mallya’s plea: Please take my money; I did not steal

Absconding Indian businessman Vijay Mallya, who is accused of defaulting on approximately Rs 9,000 crore in loans given to now defunct Kingfisher Airlines by Indian banks, on Thursday dismissed any link between his settlement offer to banks and an upcoming court verdict on his extradition to Christian Michel’s extradition from Dubai. His comments came a day after he offered to pay back 100% of the principal amount he owes to banks and the Indian government.

Also read: Vijay Mallya’s plea: Please take my money; I did not steal

10:55 (IST) 06 Dec 2018
Fitch cuts India's FY 21 GDP forecast to 7.1% from 7.3%

Global rating agency Fitch has cut India's FY21 GDP forecast to 7.1% from 7.3% earlier. Fitch has also slashed FY20 GDP forecast to 7% from 7.3% earlier. Further, the firm has also said that it see rupee weakeing to Rs 75 by year end. 

10:46 (IST) 06 Dec 2018
Fitch cuts India's FY 20 GDP forecast to 7% from 7.3% earlier

Global rating agency Fitch has cut India's FY20 GDP forecast to 7% from 7.3% earlier. The firm has also said that it see rupee weakeing to Rs 75 by year end. The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market. 

10:40 (IST) 06 Dec 2018
NSE Live: Only 2 stocks gaining in Nifty; Indiabulls Housing Finance, Maruti Suzuki among top losers

In the broader 50-share Nifty, only two stocks -- Sun Pharma and Power Grid were trading with gains. Indiabulls Housing Finance and Maruti Suzuki shares emerged among the top losers in the Nifty tanking up to 5% in the morning trade. We take a look at top 5 gainers and losers. NSE live heat map.

10:30 (IST) 06 Dec 2018
Expert take: Share market volatile after RBI holds rates

"From a market stand point, the expectation of a more accommodative view from RBI, in line with similar view on the US Fed rate trajectory was a disappointment, which explains the post announcement volatility," Dhananjay Sinha, Head of Research, Economist & Strategist, Emkay Global Financial Services said in a note.

10:12 (IST) 06 Dec 2018
Rupee falls 54 paise, touches 71 level against US dollar

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market. Forex traders told PTI the strength of the US dollar against other overseas currencies and foreign fund outflows weighed on the local unit. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price.

Also read: Rupee opens weak, falls 33 paise against US dollar

09:55 (IST) 06 Dec 2018
Maruti Suzuki share price plunges after firm announces price hike from New Year

Shares of India's largest carmaker Maruti Suzuki dropped on Thursday morning after the firm announced price hike from New Year 2019. The firm has announced price hike across its range of vehicles due to higher commodity costs and adverse foreign exchange movement. Maruti Suzuki share price tanked by more than 2.4% on Thurday morning to hit the day's low at Rs 7,367.20.

09:43 (IST) 06 Dec 2018
Sun Pharma shares emerge top Sensex gainers

Shares of private sector pharma firm Sun Pharma energed among top gainers in the Sensex. Sun Pharma share price gained mpre than 3.2% in the morning trade to hit the day's high at Rs 426.50. Yesterday, shares of Sun Pharmaceutical Industries rose over 2 per cent after the drug maker clarified that it has not been involved in any insider trading norm violations relating to the Ranbaxy deal.

09:26 (IST) 06 Dec 2018
BSE Live: Sensex down 250 points, Yes Bank, VEDL shares among top lisers

The 30-share Sensex plunged about 250 points on open on the back weak global cues and after RBI refused to soften stance and continued to hold rates. The 30-share Sensex plunged in the opening trade to 35,627.93, while the broader Nifty 50 was trading above the 10,700-level. Yes Bank share price plunged more than 2.5% in the opening trade. A look at live heatmap.

09:10 (IST) 06 Dec 2018
Rupee open weak at 70.79 against the US Dollar

Rupee opened on a weak note Thursday at 70.70 against the US dollar. The domestic currency had closed at 70.46 on Wednesday. 

09:00 (IST) 06 Dec 2018
US stock futures fall, Asia follows

US stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers.

Also read: Crude oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting

08:58 (IST) 06 Dec 2018
China, Hong Kong stocks slide, techs leads losses after Huawei arrest

Sharp losses in technology shares pulled down benchmark stock indexes in China and Hong Kong on Tuesday, after a senior executive of Chinese technology giant Huawei was arrested in relation to alleged violations of U.S. sanctions.

Share market on Wednesday: The domestic equity markets closed Wednesday’s trade lower tracking negative global cues, along with heavy selling pressure across all sectors barring the IT index. The benchmark domestic stock market indices extended their decline today after the Reserve Bank of India (RBI) maintained its calibrated tightening stance. The BSE Sensex closed Wednesday’s trade lower by 250 points at 35,884.41 points, while the Nifty ended at 10,784.95 points, down 84.55 points or 0.74%.
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