Share Market HIGHLIGHTS: Sensex tumbles 660 points, Nifty ends just above 10,600; RIL, HDFC twins top draggers

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Updated: July 14, 2020 4:36:14 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks Sensex and Nifty ended nearly 2 per cent lower in Tuesday's session.

Share Market Today, Share Market LiveBarring Nifty Pharma, which gained half a per cent, all the sectoral indices settled in red

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty50 ended nearly 2 per cent lower on Tuesday dragged by banking stocks. The 30-share index Sensex tanked 660 points or 1.80 per cent to close the session at 36,033, while the broader Nifty 50 index declined 195 points or 1.81 per cent to settle at 10,607. Of 30 Sensex stocks, 27 scrips ended in the negative territory with IndusInd Bank falling the most, down 5.33 per cent, followed by Axis Bank, Maruti Suzuki, Power Grid Corporation of India, Bajaj Finserv and State Bank of India (SBI). While, Titan Company, Bharti Airtel and Bajaj-Auto were the only gainers on pack. Barring Nifty Pharma, which gained half a per cent, all the sectoral indices settled in red. Nifty Private Bank index fell the most, down 3.32 per cent. Nifty Metal, Nifty Financial Services and Nifty Auto were also down in the range of 2.25-2.50 per cent.

India’s most valued company by market capitalisation (m-cap), Reliance Industries, is now the world’s 51st most-valued company by m-cap. RIL, with current m-cap of $170 billion, is the only Indian company among 51 most-valued global firms.

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Highlights

    15:41 (IST)14 Jul 2020
    Closing bell: Sensex, Nifty fall nearly 2%

    S&P BSE Sensex tubled 660.63 points to settle at 36,033.06 while the broader Nifty 50 index plunged 195.35 points to 10,607.35

    15:26 (IST)14 Jul 2020
    FMCG slowdown 2.0: Coronavirus to loom even larger than GST, demonetisation; FY21 will not be benign

    The ongoing coronavirus pandemic will have an even larger impact on the FMCG sector than Prime Minister Narendra Modi’s demonetisation move in November 2016, which was followed by introduction of Goods and Services Tax. “Impact of the on-going pandemic will be sharper, compared with earlier large macro-economic events such as demonetisation and GST implementation,” a CARE Ratings report said in its outlook of the fast-moving consumer goods industry on Tuesday.

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    14:58 (IST)14 Jul 2020
    Rupee falls along with most Asian peers on stronger greenback

    The rupee falls along with most Asian peers on stronger greenback. Emerging Asian currencies declined on concern about rising coronavirus cases and a new round of tensions between the U.S. and China. Spot USDINR is having 50 Day ema resistance at 75.59 and support at 75.09. Medium-term trend for dollar remains weak on expectation of dollar inflows: Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities

    14:48 (IST)14 Jul 2020
    Liquidity infusion via LTRO, TLTRO bring down financing cost in corporate bond market to decadal low: RBI

    The abundant surplus liquidity in the system provided by the Reserve Bank amid COVID-19 related dislocations in the financial market has helped reduce financing cost in the corporate bond market to decadal lows, according to an article published in the RBI Bulletin. The article has been prepared by Radha Shyam Ratho and Pradeep Kumar of the Financial Markets Operations Department of Reserve Bank of India (RBI).

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    14:26 (IST)14 Jul 2020
    MindTree share price falls over 3% after firm reports Q1 results

    Mindtree reported net profit at Rs 213 crore in April-June quarter of the current fical year. Rvenue stands at Rs 1,909 crore; in dollar terms $25.32 crore. It reported EBIT margin at 13.7%.

    Check live prices: Mindtree

    14:14 (IST)14 Jul 2020
    DMart share price falls for 2nd straight day on dismal Q1 results; should you hold or sell?

    Radhakishan Damani’s Avenue Supermarts share price fell for the second day in a row on Tuesday after the operator of hypermarket stores DMart reported 88 per cent fall in the net profits in the June quarter of the current fiscal. In the afternoon deals, Avenue Supermarts shares were down 2.5 per cent to trade at Rs 2,175 apiece, as compared to a 1.74 per cent fall in S&P BSE Sensex. DMart in the April-June quarter showed the full impact of COVID-19 with lower footfalls, higher cost of operations and restrictions on the sale of non-essentials.

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    13:40 (IST)14 Jul 2020
    Top BSE Sensex losers at this hour

    IndusInd Bank shares fell the most, down 5.5 per cent, followed by Axis Bank, Maruti Suzuki, State Bank of India (SBI), HDFC, Bajaj Finserv and ICICI Bank.

    13:39 (IST)14 Jul 2020
    Sensex, Nifty down 2% in afternoon deals

    The 30-stock BSE Sensex was trading 717 points or 1.95 per cent down at 35,994, while the broader Nifty 50 index was ruling below 10,600, down 207 points or 1.92 per cent at 10,595.

    Check live Sensex, Nifty levels

    12:58 (IST)14 Jul 2020
    Mukesh Ambani world’s 6th richest person now; overtakes Google co-founder Larry Page

    Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani has become the world’s sixth-richest person, replacing Google co-founder Larry Page from the position. Mukesh Ambani’s net worth is $72.4 billion, according to the Bloomberg Billionaires Index. Earlier this month, the RIL Chairman and MD made his place in the top 10 billionaires list by replacing Warren Buffett from the eighth position.

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    12:41 (IST)14 Jul 2020
    Barbeque Nation Hospitality gets Sebi’s go ahead to float IPO

    Casual dining chain Barbeque Nation Hospitality has received markets regulator Sebi’s approval to raise about Rs 1,000-1,200 crore through an initial public offering. The IPO comprises a fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi).

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    12:23 (IST)14 Jul 2020
    RIL's AGM would be closely watched for future plans of petchem biz, Jiomart

    Reliance Industries has been the "Stock of the year" so far due to Mukesh Ambani's relentless pursuit to make RIL a net debt-free company and more importantly showcasing Reliance Jio as the greatest & upcoming tech company of India. The AGM would be closely watched for the future plans of the petrochemical business, Jiomart & how quickly Jio can adopt the 5G technology. Technically, however, Reliance Industries after a stellar run looks extremely overbought. Any more upside upto 2000 levels should be used by investors to book some profits to re-enter again near 1650-1680 levels: Abhijeet Ramachandran, Independent Analyst/ Co-Founder and trainer at Tips2trade

    12:22 (IST)14 Jul 2020
    What to watch out for from RIL's 43rd AGM

    Ahead of Reliance’s 43rd AGM, its first virtual shareholders meet, is keenly awaited by investors. Last year, the company had announced to become zero net debt by March 2021 and it has delivered on this promise ahead of schedule. Investors will watch out for an update on the Aramco deal, the road ahead for the company’s overall digital game plan and any major announcements on strategic investors. Tomorrow’ s AGM could as well be the next trigger for Reliance as the stock has more than doubled in the past couple of months. It’s a wait and watch: Aamar Deo Singh, Head Advisory, Angel Broking

    12:14 (IST)14 Jul 2020
    RIL’s 43rd AGM: 24×7 chatbot, WhatsApp helpline for shareholders; Saudi Aramco deal update eyed

    Mukesh Ambani’s Reliance Industries Ltd will hold its 43rd annual general meeting of shareholders tomorrow, on 15 July, through video conferencing or other audio-visual means (OAVM), in the wake of fast-spreading coronavirus pandemic. RIL has said that its first virtual AGM will be a bigger affair than its past shareholder meetings

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    10:36 (IST)14 Jul 2020
    Sensex, Nifty mirror weak global cues on Tuesday; check what’s dragging markets today

    On the back of weak global cues, Indian share market headline indices BSE Sensex and Nifty 50 fell in Tuesday’s trade, dragged by index heavyweights HDFC Bank and HDFC. The 30-share index Sensex dipped 280 points or 0.76 per cent to trade at 36,414, while the Nifty50 slipped below its crucial 10,800-mark to trade at 10,722.

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    09:55 (IST)14 Jul 2020
    Indian rupee likely to open on flat note

    Considering the swinging of mood of investors and price action of rupee, it is likely that the pair will continue to consolidate within a range of 74.50-75.50 levels. A breakout in the given range amid any known unknown factor could bring in a move of around 80 paisa to 1 rupee in the pair. The Indian rupee is likely to open on a flat note and trade in a range of 75.00-75.50 levels: Amit Pabari, managing director, CR Forex Advisors

    09:51 (IST)14 Jul 2020
    Gold outlook for intraday bearish

    MCX gold slipped to trade below the key level due to a stronger dollar, though concerns over surging coronavirus cases around the world and Sino-U.S. tensions put a floor under bullion prices. Tensions also grew between the United States and China over disputed claims to offshore resources throughout the South China Sea, with U.S. officials saying China's claims were "unlawful. However, German biotech company BioNTech and US pharmaceutical giant Pfizer announced that two of their experimental vaccines for the coronavirus had been granted the US Food and Drug Administration’s “fast track” designation. Hence the outlook for intraday is bearish in the yellow metal: Jigar Trivedi, Fundamental Research Analyst, Anand Rathi Shares and Stock Brokers

    09:37 (IST)14 Jul 2020
    Top BSE Sensex gainers and losers

    Top Sensex losers were IndusInd Bank, Bajaj Finserv, Housing Development Finance Corporation (HDFC), Bajaj Finance, Axis Bank and Maruti Suzuki. On the other hand, ITC, Infosys, HCL Tech, TCS, UltraTech Cement and Nestle India were the top Sensex gainers

    09:32 (IST)14 Jul 2020
    Sensex, Nifty down nearly 1% on Tuesday

    The 30-stock BSE Sensex was trading 300 points or 0.83 per cent down at 36,389, while the broader Nifty 50 index was ruling below 10,750, down 83 points or 0.77 per cent at 10,719.

    Check live Sensex, Nifty levels

    08:56 (IST)14 Jul 2020
    Stocks in focus: Vodafone Idea, Yes Bank, Wipro, Motherson Sumi, Glenmark Pharma, Coal India, HDFC

    Nifty futures were trading 59.55 points or 0.55 per cent down at 10,755 on Singaporean Exchange, hinting at the lower start for BSE Sensex and Nifty 50 on Tuesday. Investors will react to macroeconomic data and track June quarter earnings along with the trend in coronavirus cases. Two out of three stock market indices in the United States closed in the red. Similarly, major Asian peers were seen trading in the negative territory on Tuesday’s morning.

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    08:21 (IST)14 Jul 2020
    At 6.09% in June, inflation breaches RBI threshold, MPC may yet stay put on rate cut path

    Covid-induced demand compression hasn’t cooled inflation, aggregate retail inflation data put out by the government for the first time since lockdown, showed on Monday. Retail inflation hit higher-than-expected 6.09% in June, marking a rise from the pre-lockdown level of 5.91% in March. While the headline data for April and May, released only on Monday, suggested even higher inflation rates of 7.22% and 6.27%, respectively, the price pressure was mostly aided by dearer food articles.

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    08:20 (IST)14 Jul 2020
    US stock market ends lower in overnight trade

    Two out of three US stock indices closed in the red in overnight trade, with S&P 500 SPX slipping 0.94% and Nasdaq Composite down 2.13 per cent. However, the Dow Jones Industrial Average rose 0.04 per cent to end at 26,085.8 points.

    08:20 (IST)14 Jul 2020
    Asian markets edge lower on Tuesday

    Asian stock markets were trading lower in early morning trade today with Nikkei 225 slipping 0.7%. Similarly, the Topix index also declined by 0.38% and South Korea’s Kospi shed 0.44%.

    08:19 (IST)14 Jul 2020
    Sensex, Nifty on Monday

    The 30-stock BSE Sensex ended Monday’s trading session 99 points or 0.27 per cent higher to sit at 36,693, while Nifty 50 reclaimed 10,800 levels on Monday.

    08:19 (IST)14 Jul 2020
    Mukesh Ambani’s RIL now world’s 51st most-valued firm by m-cap

    India’s most valued company by market capitalisation (m-cap), Reliance Industries, is now the world’s 51st most-valued company by m-cap. RIL, with current m-cap of $170 billion, is the only Indian company among 51 most-valued global firms.

    Read full story

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