Markets at 11 AM
LIVE market updates: Sell-off has intensified on Dalal Street as investors rush to offload shares in the public sector banking, metals, and realty space aggressively. Their respective sectoral indices were down around 3 per cent each.
At 11:06 AM, the Sensex index was quoting at 60,510 levels, down 633 points, while the Nifty50 was testing the 18,000-mark at 18,009, down 202 points.
Market breadth is favouring sellers with over 2,000 stocks declining on the BSE as against around 970 advances. Volatility index, India VIX, too, climbed 5 per cent to 18- mark.
The broader BSE MidCap and SmallCap indices were down 1 per cent each.
Markets at 10 AM
LIVE market updates: Indian equities extended their decline were trading near the day’s low in morning deals. The BSE Sensex, which touched a low of 60,680 earlier today, was quoting at 60,724 levels, down 419 points at 10:11 AM.
The broader 50-share Nifty index, on the other hand, was testing 18,050 level at 18,072.
23 of the 30 Sensex constituents and 40 of the 50 Nifty constituents were in the red. Individually, Adani Ports tanked 6 per cent and was the top loser on the Nifty index. This was followed by Hindalco, ONGC, Titan, ITC, Coal India, and ICICI Bank.
Limiting the downside, however, were shares of IndusInd Bank (up 5 per cent), L&T, UltraTech Cement, Bajaj Auto, and M&M.
Shares of IndusInd Bank surged 6.4 per cent to Rs 1,214.90 on the BSE in Thursday’s intra-day trade after the bank posted steady operational performance for the quarter ended September 2021 (Q2FY22), with net interest income (NII) rising by 11.6 per cent year-on-year (YoY) and 2.7 per cent quarter-on-quarter (QoQ) to Rs 3,658 crore on the back of stable margins and sequential pick up in loan growth. READ MORE
On the upside, shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 15 per cent to Rs 949.65 on the BSE in Thursday’s intra-day trade after the scrip turned ex-stock split (sub-division of equity shares) in ratio of 1:5. READ HERE
In the currency market, the rupee opened higher at 74.95 per US dollar relative to Wednesday’s close of 75.03/$
It’s NSE counterpart Nifty50, on the other hand, was at 18,139 levels, down 72 points or 0.4 per cent.
In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.34 per cent.
Sectorally, all except the Nifty Healthcare index were trading in the red led by the Nifty PSU Bank index (down 2.4 per cent) and the Nifty Metal index (down 2 per cent).
Pre-open session (Updated at 9:07 AM)
LIVE market updates:
Pre-open session is indicating a negative start for the benchmark indices. The BSE barometer of 30-shares is down 61 points at61,083 levels while the Nifty50 is at 18,187 levels, down 23 points.
IndusInd Bank, Titan, and L&T were the top Sensex gainers in pre-open session.
Updated at 8:10 AM
LIVE market updates: Expiry of the October F&O series, along with the on-going corporate results season, is expected to keep the secondary markets volatile on Thursday.
Around 150 companies including Bajaj Finserv, CarTrade Tech, DLF, InterGlobe Aviation, JK Tyre, Marico, NTPC, Tata Power, SBI Card, and Westlife Development are slated to report their Q2 results today.
Nykaa IPO opens today
While most analysts recommend subscribing to the issue from a long-term perspective, they do caution against the valuation and online segment that the company operates in.
Shares in Asia-Pacific were mixed in Thursday trade as investors await the Bank of Japan’s latest monetary policy announcement.
The Nikkei 225 in Japan declined 0.88 per cent while the Topix index shed 0.65 per cent. Mainland Chinese stocks were also lower, with the Shanghai composite slipping about 0.6 per cent. Hong Kong’s Hang Seng index climbed 0.24 per cent.
Elsewhere, South Korea’s Kospi traded 0.24 per cent higher. Shares in Australia declined as the S&P/ASX 200 fell 0.26 per cent. Meanwhile, SGX Nifty was up just 4 points at 18,215 levels at 8:08 AM.
Overnight stateside, the Dow Jones Industrial Average dropped 266.19 points to 35,490.69 while the S&P 500 slipped about 0.51 per cent to 4,551.68. The Nasdaq Composite was flat at 15,235.84.
Brent crude futures
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 2.12% to $82.79 per barrel. U.S. crude futures declined 1.9% to $81.09 per barrel.