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October 23, 2018 / 05:21 PM IST

Closing Bell: Sensex ends 287 pts lower, Nifty below 10,150; IT, pharma indices fall 3%

At the close of market hours, the Sensex ended lower by 287.15 points or 0.84% at 33847.23, while the Nifty closed down 98.50 points or 0.96% at 10146.80.

  • October 23, 2018 / 03:37 PM IST

    Closing Bell It’s curtains on this session for the market. And it has been a marginal pullback in the last hour from its low points. A fall in crude prices, which slipped to around USD 79 per barrel is likely to have impacted the movement. 

    At the close of market hours, the Sensex ended lower by 287.15 points or 0.84% at 33847.23, while the Nifty closed down 98.50 points or 0.96% at 10146.80. The market breadth is negative as 822 shares advanced, against a decline of 1,747 shares, while 1,013 shares were unchanged.

    IndusInd Bank, HDFC, HPCL and Indiabulls Housing were the top gainers, while Sun Pharma and Asian Paints lost the most.  

  • October 23, 2018 / 03:24 PM IST

    Inox Leisure down 5%: The company has reported marginal rise in its Q2 consolidated net profit at Rs 12 crore versus Rs 11.7 crore in the same quarter last fiscal. Revenue rose 17.4 percent at Rs 365.5 crore against Rs 311.3 crore. 

    Research firm CLSA has maintained buy with a target of Rs 275 per share; it sees a potential upside of 27 percent.

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  • October 23, 2018 / 03:18 PM IST

    Pharma and IT index slipped 2-3 percent:

      Pharma and IT index slipped 2-3 percent:
  • October 23, 2018 / 03:08 PM IST

    PPAP Automotive Q2 results: The company has registered 25 percent jump in its Q2 net profit at Rs 11.6 crore versus Rs 9.2 crore.

    Revenue was up 21.7 percent at Rs 118.6 crore against Rs 97.5 crore.

  • October 23, 2018 / 02:55 PM IST

    JUST IN | Zydus has received a final nod from US FDA for Clobazam tablets from Ahmedabad unit. 

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  • October 23, 2018 / 02:39 PM IST

    Market Update Equity benchmarks have continued to trade lower, with the Nifty trading below 10,150.

    The Sensex is down 339.47 points or 0.99% at 33794.91, while the Nifty is down 117.90 points or 1.15% at 10127.40. The market breadth is negative as 594 shares advanced, against a decline of 1,826 shares, while 1,157 shares were unchanged.

  • October 23, 2018 / 02:28 PM IST

  • October 23, 2018 / 02:17 PM IST

    MARKET OUTLOOK | The dean of emerging markets, Mark Mobius, believes India should now reap the benefits of the rupee's depreciation against the dollar.

    "It's high time India should start taking advantage of a weak rupee. With rupee weakening exports become more competitive," Mobius, Founding Partner of Mobius Capital Partners, said at the two-day Morningstar Investor Conference 2018 in Mumbai.

    "It's time India took advantage of US-China trade war and bring in some manufacturing to the South Asian country," he said.

    Mobius said India and Brazil remain at the top of the 'pecking order' among emerging markets. With regards to emerging market currencies, he said most currencies are stabilising.

    Read the full story here. 

      MARKET OUTLOOK |  The dean of emerging markets, Mark Mobius, believes India should now reap the benefits of the rupee's depreciation against the dollar. 

 "It's high time India should start taking advantage of a weak rupee. With rupee weakening exports become more competitive," Mobius, Founding Partner of Mobius Capital Partners, said at the two-day Morningstar Investor Conference 2018 in Mumbai. 

 "It's time India took advantage of US-China trade war and bring in some manufacturing to the South Asian country," he said. 

 Mobius said India and Brazil remain at the top of the 'pecking order' among emerging markets. With regards to emerging market currencies, he said most currencies are stabilising. 

  Read the full story  here .  
  • October 23, 2018 / 02:11 PM IST

    Samvat 2074 has not been very kind for investors. Though Sensex and Nifty have held out against macroeconomic headwinds, the damage has been quite severe in broader markets.

    Unfortunately, many investors increased exposure to low‐quality momentum stocks during the massive rally in 2017.

    For Samvat 2075 portfolio, Sharekhan hand‐picked 12 quality stocks which are a mix of large and midcaps.

    Read the full story here

  • October 23, 2018 / 01:50 PM IST

    Rane Brakes Q2: The company reported 43 percent dip in its September quarter net profit at Rs 5.3 crore against Rs 9.3 crore, revenue was up 7 percent at Rs 120 crore versus Rs 112 crore, YoY.   

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  • October 23, 2018 / 01:42 PM IST

    Market under pressure: The benchmark indices slipped further in the afternoon trade with Nifty slipped below 10,150.

    The Sensex is down 305.51 points at 33828.87, while the Nifty is down 114.90 points at 10130.40. About 648 shares have advanced, 1708 shares declined, and 1221 shares are unchanged. 

  • October 23, 2018 / 01:37 PM IST

    All sectoral indices are trading in red:

      All sectoral indices are trading in red:
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