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Indian equity benchmarks resumed fall after a one-day breather, led by the declines in ITC Ltd. and Tata Consultancy Ltd.
The S&P BSE Sensex fell 0.61 percent or 248 points to end at 40,239.88 and the NSE Nifty 50 fell 0.68 percent to close at 11,856.80. The broader markets represented by the NSE Nifty 500 Index fell 0.79 percent.
The market breadth was tilted in favour of sellers. About 1,279 stocks declined and 512 shares advanced on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Media Index’s 1.94 percent fall.
New India Assurance
Indiabulls Housing Finance
JB Chemicals & Pharma
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Thermax
Jyothy Labs
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Shares of PC Jeweller extended declines for the fourth consecutive trading session. The stock fell as much as 10.3 percent to hit an all-time low at Rs 22.25.
CRISIL had downgraded rating on bank facilities worth Rs 3937 crore to D from BB+ and A4+ for long term and short term. The downgrade factors in the instances of devolvement of Letter of Credits and overutilization in working capital limits for more than 30 days. The same is reflective of the fact that the liquidity profile of the group has deteriorated in past few months on account of cash flow mismatches.
The stock has declined 64 percent in the past 12 months compared to a 15 percent rally in the Sensex. The Relative Strength Index was below 30, indicating that the stock may be overbought, according to Bloomberg data.
SBI says:
Source: Exchange filing
Shares of Tata Consultancy Services extended declines for the second consecutive trading session. The stock fell as much as 2.3 percent to Rs 2,012.45.
Of the shares traded on NSE, 47 percent were at the ask price and 40 percent were at the bid, Bloomberg data showed.
Indian equity benchmarks declined after fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex fell 0.34 percent to 40,349.86 and the NSE Nifty 50 fell 0.35 percent to 11,896. The broader markets represented by the NSE Nifty 500 Index fell 0.37 percent.
Shares of eClerx Services halted a three-day losing streak. The stock rose as much as 9.9 percent, the most in over two weeks, to Rs 523.
The shares declined 52 percent in the past 12 months compared to a 16 percent rally in the Sensex. The scrip traded at 10 times its estimated earnings per share for the coming year, according to Bloomberg data.
Key Sales Highlights (YoY)
Source: SIAM
Nifty’s 11,900 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Dec. 12, rose 18.10 percent to Rs 43.40. Over 6.2 lakh shares were added to the open interest which stood at over 26.11 lakh shares.
Shares of Aster DM Healthcare rose as much as 0.98 percent to Rs 155.
The company’s arm has completed acquisition of 80 percent stake in Premium Healthcare for AED 8.69 million or Rs 16.8 crore.
The stock traded at 23 times its estimated earnings per share for the coming year, according to Bloomberg data. Of the shares traded on NSE, 57 percent were at the ask price and 39 percent were at the bid.
Shares of Hero MotoCorp extended gains for the second consecutive trading session. The stock rose as much as 1 percent to Rs 2,406.10.
The company will raise prices from Jan. 1, India’s largest two-wheeler maker said in a stock exchange filing. The price increase across two-wheelers range will be up to Rs 2000, across various models.
The scrip traded at 16 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Yes Bank fell as much as 5.2 percent to Rs 53.35. The stock fell for third trading session in four.
The company’s board is poised to reject the offer of $1.2 billion from Braich in its Tuesday’s meeting, according to a Bloomberg report. (Read the full story here)
Of the shares traded on National Stock Exchange, 54 percent were at the ask price and 40 percent were at the bid, according to Bloomberg data.
Indian equity benchmarks fluctuated between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,482 and 11,933 respectively. The broader markets represented by the NSE Nifty 500 Index traded flat.
The market breadth was tilted in favour of buyers. About 729 stocks advanced and 704 shares declined on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Pharma Index’s 0.4 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.77 percent.
Indian equity benchmarks are set for a mixed start.
The S&P BSE Sensex rose 0.28 percent to 40,600.78 during the pre-market trade. and the NSE Nifty 50 traded little changed at 11,935.90.
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