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AUTO REFRESH
Oct 01, 2019 03:42 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex falls 362 pts, Nifty ends below 11,400; Yes Bank, DHFL hit hard

All sectoral indices closed in the red while Volatility index spiked 5 percent.

  • October 01, 2019 06:26 PM IST

    FII and DII

    FIIs net sold Rs 1,298.56 crore worth of shares while DIIs net bought Rs 1,503.02 crore in equities today, as per provisional data available on NSE.

  • October 01, 2019 06:05 PM IST

  • October 01, 2019 06:01 PM IST

    Technical View

    The daily chart indicating that Nifty has stalled its up move near the 11,700 level and is shuffling in a broad range. The gap that was created over a couple of days is now filled. The index has defended its 100-DMA so far on a closing basis. A long lower shadow appeared. This is typically a sign of exhaustion and hints at stalling of the trend if it appears after an up move. However, confirmation is required in the next session. The RSI on the daily chart stood at 55.47 and stayed neutral, showing no divergence against the price," Romesh Tiwari, Head of Research, CapitalAim said.

  • October 01, 2019 05:48 PM IST

    Market Outlook

    "Contraction in core sector and concern on government's plan to stick with original fiscal target of 3.3 percent in spite of huge cut in tax raised concern over spending. Investors are not expecting a meaningful recovery in festival season due to continued weakness in auto sales. Volatility in banks and fall in rupee also influenced profit booking tendency in the market," Vinod Nair, Head of Research, Geojit Financial Services said.

  • October 01, 2019 04:07 PM IST

    IRCTC IPO Subscription

    The initial public offer of the state-owned Indian Railway Catering and Tourism Corporation (IRCTC) was fully subscribed on October 1, the second day of subscription .

    Continued support from retail investors saw the issue being subscribed 2.60 times.

    The Rs 645-crore initial public offering received bids for 5.26 crore equity shares against the IPO size of 2.016 crore shares, data available on exchanges show.

    The retail investor category has been subscribed 5.80 times, while that of non-institutional investors 100 percent and qualified institutional buyers 85 percent. The reserved portion of employees subscribed 2.6 times.

  • October 01, 2019 04:02 PM IST

    Technical View

    "Going forward it is imminent for this index to sustain above today's low of 11,247 levels. Sustaining above the said low a consolidation in the zone of 11250–11,550 levels can be expected and unless 11,550 is cleared on the upside further strength in the index shall not be expected," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

    He said contrary to this breach of 11,247 on closing basis can drag down the index towards critical support level placed in the zone of 11,180–11,080 levels.

  • October 01, 2019 03:41 PM IST

    Market Closing

    Benchmark indices recouped half of losses in late trade and closed a percent lower amid sell-off in banking & financials.

    The BSE Sensex was down 361.92 points at 38,305.41 and the Nifty50 fell 114.60 points to 11,359.90. More than two shares declined for every share rising on the BSE.

    The broader markets underperformed frontliners with the Nifty Midcap and Smallcap indices falling 1.8 percent each.

    All sectoral indices closed in the red with Nifty Bank, Auto, FMCG, Metal, Pharma and Realty declining 1-4 percent.

    23 stocks out of 30 Sensex stocks caught in bear trap while rest closed in the green.

      Market Closing  

 Benchmark indices recouped half of losses in late trade and closed a percent lower amid sell-off in banking & financials. 

 The BSE Sensex was down 361.92 points at 38,305.41 and the Nifty50 fell 114.60 points to 11,359.90. More than two shares declined for every share rising on the BSE. 

 The broader markets underperformed frontliners with the Nifty Midcap and Smallcap indices falling 1.8 percent each. 

 All sectoral indices closed in the red with Nifty Bank, Auto, FMCG, Metal, Pharma and Realty declining 1-4 percent. 

 23 stocks out of 30 Sensex stocks caught in bear trap while rest closed in the green.
  • October 01, 2019 03:29 PM IST

    Gainers and Losers

      Gainers and Losers
  • October 01, 2019 03:28 PM IST

    Lupin has received approval from US FDA for extended Phenytoin Sodium capsules which are used to control seizures.

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