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September 16, 2019 / 03:45 PM IST

Closing Bell: Nifty holds 11K, Sensex falls 261 pts; OMCs take a beating, Titan up 2%

The Sensex was down 261.68 points at 37,123.31, while Nifty was down 72.40 points at 11,003.50.

  • IndexPricesChangeChange%
    Sensex52,574.46230.01 +0.44%
    Nifty 5015,746.5063.15 +0.40%
    Nifty Bank34,871.30313.30 +0.91%
    Nifty 50 15,746.50 63.15 (0.40%)
    Mon, Jun 21, 2021
    Biggest GainerPricesChangeChange%
    Adani Ports731.0536.70 +5.29%
    Biggest LoserPricesChangeChange%
    UPL772.20-35.80 -4.43%
    Best SectorPricesChangeChange%
    Nifty PSU Bank2477.2597.80 +4.11%
    Worst SectorPricesChangeChange%
    Nifty Auto10401.20-42.55 -0.41%

  • September 16, 2019 / 06:46 PM IST

    FIIs net sold Rs 751.26 crore in equities while DIIs net bought Rs 308.56 crore in equities today as per provisional data available on NSE.

  • September 16, 2019 / 05:48 PM IST

    General Motors and TCS launched new partnership in global vehicle engineering.

  • September 16, 2019 / 05:30 PM IST

    Oil Impact

    "The recent attack on Saudi Arabia’s largest oil processing plant has sent oil prices shooting up by more than 20 percent. If production is not resumed soon, such a rise could hurt the global economy as consumer costs will also go up. This will definitely affect India, where the economy is already stressed. The rupee has fallen to 71.4 against the dollar already and is likely to remain volatile. This volatility will hurt exporters the most, especially MSMEs which are not in a position to hedge substantially. Apart from the petroleum-related products which are directly impacted by oil prices, sectors such as plastics and textiles could also be hit particularly hard by the double whammy of rising oil prices and a volatile rupee," Pushkar Mukewar, Co-Founder and Co-CEO of Drip Capital said.

  • September 16, 2019 / 05:29 PM IST

    Cox & Kings: Company defaulted on interest payments on NCDs due September 15.

  • September 16, 2019 / 05:07 PM IST

    Rupee Closing

    The Indian rupee closed at 71.59 against the US dollar, lower by 67 paise compared to Friday's close of 70.92 a dollar.

  • September 16, 2019 / 04:57 PM IST

    Wipro signed pact with German-based company for digital services.

  • September 16, 2019 / 04:56 PM IST

    Market Outlook

    "The sharp surge in crude oil prices has definitely impacted sentiments as it has an adverse impact on Indian economy. Going forward, investors would keep a close watch on geopolitical developments as any further escalation could take oil prices even higher and it would be detrimental for Indian markets and economy. Moreover, the FOMC meet (17-18th September) would also be on investors’ radar wherein there are expectations for a rate cut. However, commentary on growth and rate outlook would be a key factor to watch out for," Ajit Mishra Vice President, Research, Religare Broking said.

    "On the domestic front, the recent measures announcement are positive, but the expectations of GST rate cut are high, especially for the auto sector. The GST meet is scheduled on September 20th. Hence, given the current scenario, we expect the markets would remain volatile in the near term," he added.

  • September 16, 2019 / 04:40 PM IST

    Rupee Update: Indian rupee has recovered marginally from the low point of the day but trading lower at 71.53 per dollar, down 61 paise from the previous close.

  • September 16, 2019 / 04:35 PM IST

    Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas:

    Taking cues from the global markets the Nifty opened on negative note on Monday. Post the gap down opening however the index received some buying support near the key hourly moving averages. Nevertheless the index couldn’t recover significantly. On the higher side, the Nifty faced another round of selling as it attempted to approach its swing high of 11,084. 

    On the higher side, the upper end of a potential bearish running triangle & the 40 day exponential moving average are present to restrict further upside. Near these hurdles the Nifty has formed an Inside bar on Monday, which suggests that there is a higher probability of the bar pattern breaking out on the downside.

    The breakout level for the same is at 10,945. The short term bearish potential holds true as long as the Nifty trades below 11,180. The short term target on the downside will be the August low of 10,637 with the potential to head lower.

  • September 16, 2019 / 04:30 PM IST