Markets

News Details

( 11 Oct 2018)
Indices recover from low points, Sensex now down 490 pts; Nifty above 10,300

There has been a smart recovery in the market from its low points tracking their Asian peers which sank on Thursday after Wall Street suffered its worst drubbing in eight months. The Nifty is back above 10,300-mark.

Selloff is seen across sectors, with maximum pain visible in metals, automobiles, banks, and pharmaceuticals, among others.

Institutional Investors will be watching closely on quarterly financial results and taking calls on the future direction. Anticipating the currency depreciation, export oriented sectors like pharmaceuticals, information technology, agro chemicals, would do well going forward.

At 13:15 hours, BSE SENSEX was at 34269.34 down by -491.55 points or by -1.41 % and NSE Nifty was at 10317.35 down by -142.75 points or by -1.36 %.

The BSE MIDCAP was at 14159.39 down by -123.38 points or by -0.86 %. While, the BSE SMLCAP was at 13908.8 down by -89.06 points or by -0.64 %.

The BSE Sensex touched intraday high of 34325.18 and intraday low of 33723.53. The NSE Nifty touched intraday high of 10335.95 and intraday low of 10138.6.

The top gainers of the BSE Sensex pack were YES Bank Ltd. (Rs. 248.95,+6.37%), Oil And Natural Gas Corporation Ltd. (Rs. 157.30,+5.82%), Hero MotoCorp Ltd. (Rs. 2930.65,+0.56%), Reliance Industries Ltd. (Rs. 1103.50,+0.10%), among others.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 264.65,-4.84%), Tata Steel Ltd. (Rs. 559.65,-4.01%), Infosys Ltd. (Rs. 680.00,-2.90%), Mahindra & Mahindra Ltd. (Rs. 744.05,-2.63%), Tata Consultancy Services Ltd. (Rs. 1990.80,-2.56%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2632, shares advanced were 918 while 1579 shares declined and 135 were unchanged.