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Buyers and seller were not immediately known
Source: Bloomberg
Rising crude oil and fuel prices impacted sales and higher upfront insurance payment of nearly Rs 9,000 on an average also impacted cost of owing a car, RC Bhargava, chairman of Maruti Suzuki told media persons during the press conference.
Press briefing highlights:
Shares of the country's largest carmaker recovered from intraday lows and rose as much as 1.2 percent to Rs 6,849.95 after its earnings beat Bloomberg consensus estimates in September quarter.
Key earnings highlights:
Indian equity benchmarks continue to trade lower dragged by ICICI Bank, Reliance Industries and HDFC twins.
The Sensex fell 0.7 percent or 228 points to 33,810 and the NSE Nifty 50 Index declined 0.6 percent or 63 points to 10,160.
Seventeen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Realty Index's 2.5 percent gain. On the flipside, the S&P BSE Oil & Gas Index was top gainer, up 0.4 percent.
Shares of the Delhi-based public-sector lender rose as much as 6.81 percent to Rs 66.65 after it swung to profit in July-September quarter against loss of Rs 1,749.90 crore during the same period last year.
Key earnings highlights:
Shares of the Delhi-based movie exhibitor extended decline and fell as much as 4.9 percent to Rs 1,220 after its net profit missed Bloomberg consensus estimates in July-September quarter.
Key earnings highlights:
Shares of the Noida-based Domino's Pizza chain operator fell as much as 9.2 percent, the most in over a month, to Rs 1,084 on the back of heavy volumes.
Trading volume was 2.7 times its 20-day average, according to data compiled by Bloomberg.
As many as 1.6 lakh shares changed hands on the BSE compared with an average of 81,000 shares traded daily in the past two weeks.
Buyers and sellers were not immediately known
Source: Bloomberg
Premium on Nifty's 10,200 strike price put option contract surged 123 percent to Rs 30.75. Over 6.3 lakh shares were added to the open interest which stood at 30.33 lakh shares.
Shares of the Gujarat-based print media company swung between gains and losses after its profit declined in July-September quarter.
Key earnings highlights:
Shares of the Delhi-based heavy electrical equipment maker extended decline and fell as much as 3.88 percent to Rs 73 after it September quarter profit missed Bloomberg consensus estimates.
Key earnings highlights:
The key support for the Nifty is 10,045 and the next major retracement level is at 9,885, according to Technical Analyst Anil Manghnani of Modern Shares and Stock Brokers.
“The Nifty can bounce back from those levels and can go up to 10,800,” he told BloombergQuint by phone.
But that doesn’t mean the index is out of the woods yet. Manghnani said Nifty can test 9,200-9,300 on the downside in the next five to six months.
“But it will be surprising if it falls to these levels before bouncing towards 10,800,” he added.
Nifty's 10,200 strike price call option contract was among the most active option contracts on the National Stock Exchange ahead of October futures and options expiry.
Premium on the contract fell 81 percent to Rs 11.45. Over 22 lakh shares were added to the open interest which stood at over 41.46 lakh shares.
Shares of the Mumbai-based non-banking finance company fell as much as 12.7 percent, the most in over a month, to Rs 110.65, its lowest intraday level in over 20 months.
L&T Finance Holdings said in an investor presentation that it has Rs 1,800 crore exposure to some projects of Infrastructure Lending and Financial Services (IL&FS).
Shares of the Mumbai-based IT company extended decline to seventh day and fell as much as 10 percent, the most in over three months, to Rs 316.55.
Hexaware reported September quarter earnings post market hours yesterday.
Key earnings highlights:
Shares of the Mumbai-based metal ball and bearings maker rose as much as 3.72 percent to Rs 1,776 after its board approved share buyback proposal.
SKF India said that it will buy back 19 lakh shares at Rs 2,100 each which is at 22 percent premium to its yesterday's closing price.
Shares of the country's second largest wireless telecom company fell as much as 4.76 percent to Rs 300.80 after telecom subscription data for the month of August showed it adding lowest number of subscribers.
Meanwhile, Bharti Airtel is expected to report September quarter earnings later in the day. Analysts polled by Bloomberg expect it to report net loss of Rs 990 crore against profit of Rs 97 crore.
Shares of the Tamil Nadu-based private sector lender fell as much as 8.57 percent to Rs 72.15 after its reported loss in September quarter and its asset quality deteriorated sequentially.
Key earnings highlights:
The rupee may drop in line with Asian peers as a global stock rout is set to hurt local equities.
Risk sentiment soured considerably overnight with global stocks poised for their worst month in more than six years as the effects of trade tensions, geopolitics and rising Federal Reserve interest rates begin to bite.
The implied opening from forwards may see spot rupee start trading from 73.39 per dollar, having ended stronger on Wednesday at 73.1550.
Meanwhile, in the bond market, traders will await the RBI's open market bond purchases.
The RBI’s efforts to defend the rupee in recent weeks spells good news for the bond market, analysts say with the intervention coming at a time when the banking system is reeling from a cash crunch.
The steady intervention could lead to more debt purchases by the RBI to replenish liquidity. The yield on the benchmark 10-year bond fell 2 basis points to 7.87 percent with lower crude oil helping sentiment towards bonds.
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