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Sensex Falls For Fifth Day, Nifty Ends At Three-Month Low

Nifty futures on Singapore Exchange fell 0.3% indicating weak start for Indian shares.

An employee monitors market data on computer screens as a stock ticker is reflected on a glass window inside a stock exchange. (Photographer: Dimas Ardian/Bloomberg)
An employee monitors market data on computer screens as a stock ticker is reflected on a glass window inside a stock exchange. (Photographer: Dimas Ardian/Bloomberg)
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Closing Bell

Indian equity benchmarks fell to their lowest level in over three months dragged by metal, banking and IT stocks.

The S&P BSE Sensex fell 0.76 percent or 253 points to 32,923 and the NSE Nifty 50 index tumbled 0.99 percent or 101 points to 10,094.

All sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Realty index's 2.9 percent drop.

Losses were broad-based as the S&P BSE MidCap index fell 1.6 percent and the S&P BSE SmallCap index plunged 2 percent.

Sensex Falls For Fifth Day, Nifty Ends At Three-Month Low
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Market Check

  • Indian equity benchmarks were trading near day's lowest level dragged by Infosys, HDFC, ICICI Bank and Tata Steel.
  • The S&P BSE Sensex fell 0.85 percent or 282 points to 32,889 and the NSE Nifty 50 index fell 1.05 percent or 107 points to 10,087.
  • All sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Metal index’s 2.3 percent drop.
Sensex Falls For Fifth Day, Nifty Ends At Three-Month Low

Fab Four Stocks Of The Day

  • Shilpa Medicare: The Raichur-based active pharmaceutical ingredients maker rose as much as 13 percent to Rs 516 after the company said that it has received Establishment Inspection Report (EIR) from the U.S. drug regulator for its formulation manufacturing facility in Telangana following the audit in November last year.
  • HEG: The Madhya Pradesh graphite electrode maker rose as much as 11.6 percent to record high of Rs 3,515 after Vanguard Group bought the stake in the company. The investment bank bought 473,000 shares of HEG at a price of Rs 3,152.52 per share.
  • Ashoka Buildcon: The Mumbai-based road construction company rose as much as 3 percent to Rs 232 after the company said its arm Ashoka Concessions emerged as the lowest bidder for NHAI’s Rs 1,687 crore project.
  • United Bank: The Kolkata-based government-owned lender rose for third day in a row. The stock rose as much as 13 percent to Rs 15.15. Trading volume was 6.2 times its 20-day average.
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Countdown


Stocks Moving On Heavy Volumes

  • AIA Engineering: The Gujarat-based specialty chemical firm rose as much as 1.9 percent to Rs 1,373. trading volume was 10.2 times its 20-day average.
  • Igarashi Motors: The Chennai-based auto parts maker rose as much as 0.9 percent to Rs 807. Trading volume was 10 times its 20-day average.
  • JBF Industries: The Mumbai-based textile maker fell as much as 19.57 percent to Rs 113.20. Trading volume 10.3 times its 20-day average.
  • United Bank of India: The Kolkata-based government-owned lender rose as much as 13 percent to Rs 15.15. trading volume was 6.2 times its 20-day average.
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