Scan to Download
Buyers and sellers were not immediately known
Source: Bloomberg
Indian equity benchmarks extended losses dragged by heavyweights like ITC, HDFC twins, Reliance Industries and TCS. The rupee also gave up gains to trade 0.2 percent lower at 72.64 per dollar.
The S&P BSE Sensex fell 1 percent or 385 points to 37,535 and the NSE Nifty 50 index slumped 1.04 percent or 120 points to 11,317.
All 19 sector gauges compiled by BSE were trading lower led by the S&P BSE FMCG Index's 2.2 percent drop. As many as eight sector gauges cracked over a percent.
Mid- and small-cap shares also came under the selling pressure as S&P BSE MidCap and S&P BSE SmallCap index plunged over one percent.
Shares of the Chennai-based diversified chemical maker rose as much as 4.3 percent to Rs 39 after it launched products from its U.K. arm, Notedome Ltd, in India.
The U.K. arm is a manufacturer of high-performance polyurethanes and was acquired by Manali Petrochemicals’ subsidiary in Sept. 2016.
Click here for more stock market statistics
The market regulator is confident of completing the processes for extending trading time for derivatives by Oct. 1, Ajay Tyagi, chairman of Securities & Exchange Board of India, says in Mumbai.
Source: Bloomberg
Finance Ministry officials have asked Reserve Bank of India to do more open market operations to maintain adequate liquidity in the banking system.
Source: People With Knowledge Of The Matter To Bloomberg
Car sales declined while trick and bus sales rose over 29 percent in August, data compiled by Society of Indian Automobile Manufacturers showed.
Key sales highlights:
ArcelorMittal has sought time to deposit Rs 7,000 crore as ordered by the court to stay in race to acquire debt-ridden Essar Steel. The Supreme Court will hear ArcelorMittal's plea tomorrow, Bloomberg reported.
Click here to see the complete options chain
Shares of the Mumbai-based brokerage firm rose as much as 3 percent to Rs 337.45 after it initiated coverage on the stock with a buy for target price of Rs 425.
Citi in a note said that it expects ICICI Securities to be a beneficiary of a shift to financial avenues of savings and client franchise can benefit from ICICI group.
Expect revenue and net profit to grow at a compounded annual growth rate of 16 percent and 21 percent respectively over FY18-21, Citi added.
Shares of the country's largest lender rose as much as 1.5 percent to Rs 289.15 after it sought bids from asset reconstruction companies (ARCs) and NBFCs to sell eight non-performing asset (NPA) accounts of Rs 3,948 crore, Bloomberg reported.
Shares of the Kolkata-based sugar manufacturer fell as much as 2.9 percent to Rs 76.70 after Morgan Stanley France SAS sold 14.8 lakh shares or 0.63 percent equity at Rs 78.32 per share.
Shares of the Mumbai-based drugmaker rose as much as 1.76 percent to Rs 649.20 after its arm acquired 18.75 percent stake in Israel based Tarsius Pharma for $3 million.
Tarsius Pharma is an early-stage research and development company focusing on development of drug candidates in the field of ophthalmology.
Shrikant Chouhan, technical analyst at Kotak Securities
Brijesh Singh, senior technical analyst at Stockaxis
The focus will be on the battered rupee after the currency fell to a record low on Monday as traders wait to see whether the authorities will roll out any measures to halt the currency’s decline.
India expressed concern about the rupee’s decline for the first time and said it’s considering a plan to tap its citizens overseas, a government official said on Monday.
The rupee lost nearly 1 percent to end at 72.4575 per dollar, having fallen to as low as 72.67. The implied opening from the forwards suggest that the rupee will start trading at 72.67 on Tuesday, down nearly 11 percent on the year so far.
The sour sentiment in the currency market is of course spilling onto the bond market. The yield on the 10-year bond climbed 13 basis points to 8.16 percent on Monday with traders increasingly worried that high oil prices and a weakening rupee would force the central bank to raise rates sooner rather than later. Later on Tuesday, 10 states will sell Rs 8,650 crore of bonds.
Citi on ICICI Securities
Edelweiss on Sheela Foam
UBS on Infosys
BofAML on Glenmark Pharma
Citi on Cummins India
Macquarie on Indian IT Services
Macquarie on Ujjivan Financial
Citi on BHEL
Deutsche Bank on Tata Global
CLSA on HDFC Life
Reliance Home Finance (Q1, YoY)
Beware The Risk In MSME Lending Says Former RBI Governor Raghuram Rajan To Parliamentary Committee
Here are some key events coming up this week:
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
