NEW DELHI: Sustained capital outflow, triggered by prevailing pessimism in global markets over concerns of weak global economic growth and lingering US-China trade tussle, made the market suffer losses for the third consecutive day on Thursday.
Participants went for across-the-board selling spree, with metals, telecom, banking and financial stocks taking the biggest hit. Subdued US dollar and soft crude oil prices pushed the rupee higher, but it failed to give the market a booster dose ..
Participants went for across-the-board selling spree, with metals, telecom, banking and financial stocks taking the biggest hit. Subdued US dollar and soft crude oil prices pushed the rupee higher, but it failed to give the market a booster dose ..
After opening in the green, Sensex traded in the positive terrain during the first half of the session, but a fresh spell of selloff in most sectors in the second half spoiled the session.
The 30-share index fell 219 points, or 0.62 per cent, to end the day at 34,981, while Nifty50 finished 73 points, or 0.69 per cent, lower at 10,526.
In line with Sensex, BSE Midcap and Smallcap indices, too, shut shop with losses, falling 0.74 per cent and 0.44 per cent, respectively.
Let’s walk you through the highlights of Thursday's session:
Rs 2.51 lakh cr gone in 3 days
Approximately, Rs 2.51 lakh crore of equity investor wealth got erased in the market fall over the past three consecutive sessions. The cumulative wealth of the BSE-listed firms plunged to Rs 1,40,45,908 crore from Rs 1,42,97,830 crore.
Only 5 Sensex stocks withstand selling
The Sensex chart was overwhelmed with red dots as out of 31 members (including Tata Motors DVR), only five stocks managed to settle in the green. Among the gainers, Adani Ports (up 1.73 per cent) emerged at the top. Larsen & Toubro (0.49 per cent) , ONGC (0.30 per cent), TCS (0.19 per cent) and HDFC (up 0.09 per cent) logged nominal gains.
Capital Goods index lone sectoral gainer
In line with Sensex, BSE Midcap and Smallcap indices, too, shut shop with losses, falling 0.74 per cent and 0.44 per cent, respectively.
Let’s walk you through the highlights of Thursday's session:
Rs 2.51 lakh cr gone in 3 days
Approximately, Rs 2.51 lakh crore of equity investor wealth got erased in the market fall over the past three consecutive sessions. The cumulative wealth of the BSE-listed firms plunged to Rs 1,40,45,908 crore from Rs 1,42,97,830 crore.
Only 5 Sensex stocks withstand selling
The Sensex chart was overwhelmed with red dots as out of 31 members (including Tata Motors DVR), only five stocks managed to settle in the green. Among the gainers, Adani Ports (up 1.73 per cent) emerged at the top. Larsen & Toubro (0.49 per cent) , ONGC (0.30 per cent), TCS (0.19 per cent) and HDFC (up 0.09 per cent) logged nominal gains.
Capital Goods index lone sectoral gainer
The capital goods index was the lone sectoral gainer on BSE, settling with a nominal gain of 0.13 per cent. Out of total 25 components in the index, 13 finished in the green and 12 in the red. GE T&D India, CG Power and Industrial Solutions, V-Guard Industries and Sadbhav Engineering were the top gainers in the index pack.
BSE Metal index top sectoral loser
With a 1.84 per cent loss, BSE Metal index settled as the top loser among the sectoral indices. NMDC, SAIL, Hindalco, Tata Steel and JSW Steel emerged top losers, falling up to 2.55 per cent.
Rupee closes 76 paise higher
Rising for the seventh consecutive session, the rupee closed 76 paise higher at 70.6963 against the US dollar on the back of falling crude oil prices, dollar’s weakness against some overseas currencies and increased selling of the greenback by exporters and banks.
BSE Metal index top sectoral loser
With a 1.84 per cent loss, BSE Metal index settled as the top loser among the sectoral indices. NMDC, SAIL, Hindalco, Tata Steel and JSW Steel emerged top losers, falling up to 2.55 per cent.
Rupee closes 76 paise higher
Rising for the seventh consecutive session, the rupee closed 76 paise higher at 70.6963 against the US dollar on the back of falling crude oil prices, dollar’s weakness against some overseas currencies and increased selling of the greenback by exporters and banks.
Key stock movements
Shares of IL&FS Transportation Networks closed 1.57 per cent down at Rs 18.85 after the company delayed its September quarter earnings, citing the insolvency proceeding at NCLT. It said the quarterly numbers will be announced at the earliest.
Shares of IL&FS Transportation Networks closed 1.57 per cent down at Rs 18.85 after the company delayed its September quarter earnings, citing the insolvency proceeding at NCLT. It said the quarterly numbers will be announced at the earliest.
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