Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 22, Saturday 2018 12:48 AM       

       HEADLINES: ‘Global Salary Challenge for rebuilding Kerala’, CM seeks help from expats                                              Gas leak after tanker lorry overturns in Malappuram                                              SI transferred for charging case against CPM MLA                                              Harish Vasudevan mocks Kodiyeri                                              Left govt will not try to end protest of nuns, if they try, it should not be allowed: Saradakkutty                                              Shah accuses Rahul Gandhi of supporting 'urban Naxals'                                              Russia warns US it is 'playing with fire' with sanctions                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Kaumudi Facebook
       BUSINESS Next Article: Forbes terms Patanjali's Acharya Balkrishna as 19th richest Indian  
       Sensex takes first hit in five days as fatigue catches up
 
         Posted on :18:02:42 Oct 5, 2017
   
A A
       Last edited on:18:02:42 Oct 5, 2017
         Tags: Sensex takes first hit in five days as fatigu
 

MUMBAI: The slip Thursday showed up for the market after a four-day winning spell when the Sensex ended with losses and the Nifty settled below the crucial 9,900 as investors jostled to take money off the table.

Concerns about foreign capital flying out remained.

On the macro front, services sector activity expanded for the first time in three months in September -- but only slightly. The Nikkei India Services PMI stood at 50.7 in September -- from 47.5 in August.

The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.

The index, which rose 174 points yesterday after the Reserve Bank decided to hold rates in line with expectations, had gained 512 points in the previous four sessions.

Reflecting the volatile trend, the NSE Nifty after shuttling between 9,945.95 and 9,881.855, closed down 26.20 points, or 0.26 per cent, at 9,888.70.

"Market traded range bound with a negative bias due to lack of optimism to the upcoming earnings season. However, some positive development in auto sales numbers, core sector growth and festival demand will add some light over the consolidation phase," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

Outcome of tomorrow's GST Council meeting is also seen to decide the direction of the market in the short run.

Domestic institutional investors (DIIs) purchased shares net Rs. 584.88 crore while foreign portfolio investors (FPIs) dumped equities worth of Rs. 632.14 crore yesterday, showed provisional data.

In stock-specific movement, PowerGrid took the biggest knock plunging 1.99 per cent to Rs. 204.85 while ICICI Bank lost 1.54 per cent to Rs. 271.75. Bajaj Auto, Hero MotoCorp, HDFC Ltd and Sun Pharma also bogged down the key BSE index.

NTPC, Coal India, M&M and RIL made headway, limiting the damage.

The BSE telecom index fell the most by 0.71 per cent.

Others such as oil and gas, consumer durables and FMCG too suffered losses.

The broader markets gave a better account of themselves -- the small-cap index was up 0.79 per cent and mid-cap 0.49 per cent.

Financial markets in China, Hong Kong and South Korea were shut today for public holidays. Japan's Nikkei ended flat.

European shares took a mixed line in the early session.

A A
       BUSINESS
Next Article: Forbes terms Patanjali's Acharya Balkrishna as 19th richest Indian
 
 
BUSINESS HEADLINES
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
Dena Bank surges 20%; BoB tumbles 14% post merger announcement  
Vijaya Bank, Dena Bank, BoB to merge: Govt  
Mother Dairy won't cut prices despite Patanjali's cheaper cow milk  
Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
Rupee pares gains, slips 7 paise against US dollar  
Bajaj Finserv rolls out exciting offers, lowest EMIs on all products  
Gadkari pitches for alternate fuels; says govt not against petrol, diesel  
 
Do you think the police are delaying the arrest of Bishop Franco due to Vatican Pope's interference?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy