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Sensex ends 181 points lower, Nifty settles below 10,150; metal stocks dive

November 16
00:46 2017

3:44 PM Nifty Chart for the day

3:42 PM Nifty Metal index tanked

3:40 PM Sectoral Trend

3:38 PM Top Sensex gainers and losers

3:36 PM Broader Markets

Broader markets underperformed benchmark indices with BSE Midcap and BSE smallcap down 1% and 1.5% respectively

3:33 PM Markets at Close

S&P BSE Sensex ended at 32,760, down 181 points while the broader Nifty50 index settled at 10,118, down 68 points

3:20 PM ADAG stocks dive 

Anil Ambani-controlled Reliance Group companies (ADAG) remained under pressure by falling up to 15% on the BSE in intra-day trade.

3:12 PM

Oil price fall impact

Oil refiners such as Hindustan Petroleum and aviation shares, including IndiGo Airlines’ parent InterGlobe Aviation, jumped on plunging crude oil prices.

2:59 PM Markets Check at 3pm

2:52 PM Metals Crack

2:41 PM

2:25 PM Asia Check

2:10 PM

1:58 PM Top Sensex gainers and losers

1:34 PM Buzzing Stock

1:21 PM

1:00 PM Markets at 1:00 pm

Source: BSE

12:44 PM

12:31 PM Buzzing stock

Bank of Baroda was up 4% to Rs 181 on the BSE in intra-day trade after the state-owned lender reported improved operational performance and assets quality in September quarter (Q2FY18). The stock rebounded 7% from its early morning low of Rs 169. READ MORE

12:15 PM

12:01 PM

Shreyas Shipping & Logistics hit a 52-week high of Rs 541, up 20% on the BSE in intra-day trade, after the company reported a strong net profit of Rs 19.70 crore in September quarter (Q2FY18). It had profit of Rs 2.41 crore in a year ago quarter. READ FULL REPORT

11:57 AM Reliance Securities on KEC International

11:35 AM Markets check

At 11:30 am, the S&P BSE Sensex was trading at 32,867, down 74 points, while the broader Nifty50 was ruling at 10,157, down 29 points.

11:21 AM

10:49 AM

10:27 AM

10:02 AM Markets at 10am


(Source: BSE)

10:01 AM

10:01 AM

Sun Pharma shed over 2% to Rs 514 after the Dilip Shanghvi-controlled firm posted a 59 per cent drop in net profit for the second quarter, but it was above market expectations. Revenue fell 15 per cent to Rs 6,590 crore and the US business continued to suffer. CLICK HERE FOR DETAILED EARNINGS

10:00 AM

We roll forward our valuations to FY20F, discounted back to Nov-18. We continue to ascribe a valuation of ~30x P/E to Royal Enfield (Rs 31,580), 10x EVEBITDA to VECV (INR2,643), and Rs 98 for the Polaris JV to arrive at our new target price of Rs 33,049 (vs. Rs 33,083 earlier). This is largely driven by roll forward of valuation to Nov-18 (from Sep-18). The stock trades at 29.6x/24.9x FY19F/20F P/Es, which are in the fair value zone, in our view. We prefer MSIL (MSIL IN, Buy) and M&M (MM IN, Buy) in the OEM segment.

9:58 AM Mutual fund flows into equities hit Rs 1-lakh crore mark in CY17

Till November 10, MFs pumped in a net Rs 102,810 crore in equities – up an over three-fold as compared to the previous year (CY16) when they had put Rs 29,374 crore in equities during the same period, Securities and Exchange Board of India (Sebi) data show. READ THE FULL STORY HERE

9:55 AM

9:51 AM

9:32 AM

9:24 AM Sectoral trend

9:21 AM Sensex heatmap at open 

9:18 AM Markets check

At 9:17 am, the S&P BSE Sensex was trading at 32,882, down 59 points, while the broader Nifty50 was ruling at 10,166, down 20 points.

9:09 AM

From the All-time high of 10,490 registered on 6th Nov 2017, Nifty has corrected more than 300 points to 10,175. Nifty formed major bottom at 9,687 on Sept 28, 2017 and if were to apply Fibonacci retracement of the entire upswing from 9,687 to 10,490, then 50% Fibonacci retracement comes at 10,089, which can act as a support going forward. On the upside 10,300-10,350 is the strong resistance zone in Nifty. READ MORE

9:07 AM

9:03 AM

8:59 AM

8:47 AM

8:45 AM Good Morning!

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