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Indian equities extended declines for the fourth consecutive trading session.
The S&P BSE Sensex fell 0.97 percent to end below 40,000 and the NSE Nifty 50 fell 1.01 percent to close below 11,700. The broader markets represented by the NSE Nifty 500 Index fell 1.05 percent.
All the 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Auto Index’s 2.15 percent fall.
Indian equity investors lost around Rs 5.6 lakh crore in four days, according to data available with Bombay Stock Exchange. Of this, they lost around Rs 3 lakh crore of wealth in just one day on Feb. 24.
That came after the 30-stock index fell over 1,400 points in four trading sessions.
Prism Johnson
Star Cement
BASF India
Future Consumer
Godawari Power & Ispat
ITD Cementation
India Cements
Navin Fluorine
Stocks fell in Europe and Asia on Wednesday and U.S. index futures erased an advance following another strong sell-off on Wall Street.
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Source: Bloomberg
Top Ibuprofen Maker Rallies as China Lockdown Disrupts Supply
Indian equities extended declines to trade at day’s low.
The S&P BSE Sensex fell 1.23 percent or 500 points to 39,787 and the NSE Nifty 50 fell 1.24 percent to below 11,650. The broader markets represented by the NSE Nifty 500 Index fell 1.26 percent.
Source: Bloomberg quoting people familiar with the matter.
Shares of India Cements extended rally for the second consecutive trading session. The stock rose as much as 19.9 percent to Rs 104.45, the highest since July 4, 2019.
That came after exchange data showed that Gopikishan Damani picked up 2.8 percent stake in the company on Tuesday. Gopikishan Damani is the brother of D-Mart promoter Radhakishan Damani.
The scrip advanced 40.7 percent in two trading sessions. Trading volume was more than 30 times its 20-day average, Bloomberg data showed.
Indian equities traded lower, extending declines for the fourth consecutive trading sessions.
The S&P BSE Sensex fell 0.56 percent to 40,053 and the NSE Nifty 50 fell 0.6 percent to 11,725. The broader markets represented by the NSE Nifty 500 Index fell 0.57 percent.
About 13.33 lakh shares of Bharti Infratel changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Adani Transmission extended declines for the third consecutive trading session. The stock fell as much as 6.9 percent to Rs 268.80.
The scrip slumped 17 percent in three trading sessions. The Relative Strength Index was below 30, indicating that the stock may be oversold, according to Bloomberg data.
Shares of Lemon Tree Hotels extended declines for the second consecutive trading session. The stock fell as much as 8.6 percent to Rs 53.60.
The scrip is set for its worst two-day fall in 10 months. Lemon Tree Hotels traded at 93 times its estimated earnings per share for the coming year, according to Bloomberg data.
Buyers and sellers were not known immediately.
Source: Bloomberg
Nifty’s 11,700 put option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Feb. 27, rose 48.57 percent to Rs 36.25. About 11.66 lakh shares were added to the open interest which stood at over 38.81 lakh shares.
Shares of UPL extended declines for the fourth consecutive trading session. The stock fell as much as 1.8 percent to Rs 556.
About 12.4 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The scrip declined 4.6 percent in the past five days and rose 2.8 percent in the past 30 days, according to Bloomberg data.
Shares of Bandhan Bank rose as much as 4.7 percent to Rs 423.
The lender said that the country’s central bank has lifted the restriction on branch opening. “The bank plans to open 250 branches by March,” Bandhan Bank’s Managing Director and Chief Executive Officer CS Ghosh told BloombergQuint in an interaction.
Trading volume was six times its 20-day average, Bloomberg data showed. Of the shares traded, 41 percent were at the ask price and 38 percent were at the bid.
Shares of Sanofi India rose as much as 8.8 percent, the most since November 2017, to hit an all-time high at Rs 7,640 after announcing December quarter results.
Key Earnings Highlights (Q4CY, 2019)
Shares of Cipla extended declines for the fourth consecutive trading session. The stock fell as much as 4.7 percent, the most since October 2019, to Rs 405.80.
The drugmaker received a warning letter from the U.S. FDA after an inspection of facilities in Goa between Sept. 16-27. "The company remains committed to maintain the highest standard of compliance and will work closely with the agency to comprehensively address all observations,” Cipla said.
Trading volume was almost seven times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.
Indian equities opened lower, extending declines for the fourth consecutive trading session.
The S&P BSE Sensex fell as much as 0.98 percent or 393 points to 39,888 and the NSE Nifty 50 fell as much as 1 percent to 11,679. The broader markets represented by the NSE Nifty 500 Index fell as much as 0.88 percent.
The market breadth was tilted in favour of sellers. About 1,044 stocks declined and 429 shares advanced on National Stock Exchange.
All the sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Auto Index’s 0.9 percent fall.
(As Reported on Feb. 25)
Indian equities are set to open lower.
The S&P BSE Sensex fell 0.16 percent to 40,216.27 during the pre-market trade and the NSE Nifty 50 fell 0.33 percent to 11,757.
Sanofi India (Q4CY, 2019)
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