img

Get a Call

Market News

  • 12

    Jun
    2019

    Nifty trades below 11,900 mark; auto shares tumble

    The market hovered in narrow range near day`s low in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 262.29 points or 0.66% at 39,688.17. The Nifty 50 index was down 77.15 points or 0.64% at 11,888.45.

    Negative global cues triggered profit booking in domestic shares after three straight days of gains. Washington`s rigid stance on the trade talks with China dragged global shares lower.

    Among secondary barometers, the BSE Mid-Cap index was down 0.58%. The BSE Small-Cap index was down 0.34%.

    The market breadth, indicating the overall health of the market, was negative. On BSE, 912 shares rose and 1276 shares fell. A total of 147 shares were unchanged.

    Realty stocks were mixed. Indiabulls Real Estate (down 2.86%), DLF (down 1.85%), Prestige Estates Projects (down 1.66%), Brigade Enterprises (down 0.86%), Godrej Properties (down 0.69%) and Phoenix Mills (down 0.55%) declined. While, Sobha (up 1.41%), Mahindra Lifepace Developers (up 0.56%) and Oberoi Realty (up 0.5%), increased.

    Auto shares tumbled amid slump in domestic automobile sales. TVS Motor Company (down 1.81%), Bajaj Auto (down 1.74%), Hero MotoCorp (down 1.62%), Escorts (down 1.02%), Mahindra & Mahindra (down 0.81%), Ashok Leyland (down 0.71%), Eicher Motors (down 0.39%) and Tata Motors (down 0.06%), edged lower.

    Maruti Suzuki India was down 1.12% after foreign brokerage reportedly maintained hold rating on the car major, but slashed price target to Rs 6,325 from Rs 6,450 earlier.

    Eros International Media hit a lower circuit of 10% at Rs 33.25, extending recent slump. Moody`s Investors Service downgraded the corporate family ratings to B2 from B1. It also changed the outlook to negative from stable.

    In derivatives market on the NSE, the Nifty June 2019 futures was at 11901.35, a premium of 20.40 points compared with the Nifty`s value in the spot market.

    The NSE`s India VIX, a gauge of market`s expectation of volatility over the near term, was down 1.06% to settle at 14.33.

    On the options front, maximum call open interest (OI) for 27 June 2019 expiry stood at 12500 strike price with 22.19 lakh contracts. Maximum put OI for the expiry was seen at 11500 strike price with 34 lakh contracts.

    All eyes will be on consumer inflation (CPI) numbers for May and industrial production (IIP) numbers for April which will release today, 12 June 2019.

    Powered by Capital Market - Live News

NIFTY 10829.35 img 88.00

SENSEX 36701.16 img 228.23

GOLD 37599.00

SILVER 43708.00

1 USD / INR 71.67

Attention Investors! "Prevent Unauthorised Transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of Investors."           Attention Investors! "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day. Issued in the interest of investors."           "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."           "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."           "As per SEBI guidelines, old DIS cannot be accepted for execution of instruction with effect from 07-01-2016. Kindly submit requisition slip / letter for issuance of new DIS booklet at our corporate office address to avoid rejection of your instruction(s) on or after 07-01-2016.”            "In accordance with the Union Budget 2017-18 announcement, SEBI has advised to link Aadhar with individual demat accounts. Kindly submit details of Aadhar number along with copy of Aadhar Card.”          

Copyright © 2019. All Rights Reserved. Indiabulls Ventures Limited. | Cookie Policy | Bechmark Rates | Disclaimer | Terms and Condition | Blog

Indiabulls Ventures Limited. [Corporate Identification Number for IVL: L74999DL1995PLC069631]
SEBI Reg No: INZ000007534 | NSE Membership No: 08756 [CM, FNO, CDS] | BSE Membership No: 907 [CM, FNO]
Indiabulls Securities Limited (Formerly known as Indiabulls Commodities Limited) [Corporate Identification Number for ISL: U74999DL2003PLC122874]
SEBI Reg No: INZ000036136 | MCX: MEMBER CODE: 12835 | NCDEX: MEMBER CODE: 10
Registered office address: M - 62 & 63, First Floor, Connaught Place, New Delhi - 110001.
Correspondence office address: Indiabulls House, 448 – 451, Udyog Vihar, Phase – V, Gurgaon – 122016, Haryana.
Site best viewed in IExplorer 10+ | Chrome | Firefox