Call-n-Trade : +91 22-6133 9800
(Press 1 & 1)
Customer Service : +91 22-6138 9389
GET QUOTES
All Services
Equity
Derivatives
News
  Pre Session
  Mid Session
  End Session
  Hot Pursuit
  Foreign Markets
  Other Markets
  Corporate Results
  Market Beat
  Economy News
  Analyst Poll
  Stock Alert
  Coprporate News
  Future Markets
  Quick Review
  Mutual Fund News
  IPO News
  Other Markets
  Home    Markets    Equity    News    Mid Session    Detailed News
Back
Barometers trade with modest losses; Nifty regains 11,000 mark
(08-Feb-2019  , 14:29 Hours IST)

The market was trading with modest losses in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 242.48 points or 0.66% at 36,728.61. The Nifty 50 index was down 64.65 points or 0.58% at 11,004.75. The Nifty regained 11,000 mark after slipping below that level in morning trade.

The market opened lower and declined further as the session progressed. Negative leads from Asian markets and overnight slide on the Wall Street spoiled investors sentiment. Indices turned range bound in early afternoon trade. Indices cut losses soon after hitting fresh intraday low in afternoon trade.

Selling was broad based. Among secondary barometers, the BSE Mid-Cap index was down 1%. The BSE Small-Cap index was down 0.59%.

The market breadth, indicating the overall health of the market, was weak. On BSE, 895 shares rose and 1492 shares fell. A total of 129 shares were unchanged.

Auto major Mahindra & Mahindra (M&M) was up 0.56%. The company's profit from ordinary activities after tax (after EI) rose 7% to Rs 1,396 crore on 14% increase in revenue and other income to Rs 13,235 crore in Q3 December 2018 over Q3 December 2017. The results include numbers of the company's commercial vehicle unit—Mahindra Vehicle Manufacturers (MVML).

Most FMCG shares declined. Nestle India (down 2.92%), Britannia Industries (down 2.45%), Tata Global Beverages (down 1.84%), Godrej Consumer Products (down 1.33%), Hindustan Unilever (down 0.77%), Dabur India (down 0.72%), GlaxoSmithKline Consumer Healthcare (down 0.49%), Marico (down 0.43%) and Procter & Gamble Hygiene & Health Care (down 0.2%), edged lower. Bajaj Corp (up 0.28%), Colgate Palmolive (India) (up 0.71%) and Jyothy Laboratories (up 2.75%), edged higher.

Most realty shares advance. Parsvnath Developers (up 9.89%), D B Realty (up 3.82%), Phoenix Mills (up 2.67%), DLF (up 2.59%), Anant Raj (up 2.25%), Mahindra Lifespace Developers (up 2.11%), Housing Development and Infrastructure (HDIL) (up 1.60%), Godrej Properties (up 1.07%), Indiabulls Real Estate (up 0.52%), Prestige Estates Projects (up 0.38%), Oberoi Realty (up 0.23%) and Peninsula Land (up 0.13%), edged higher. Omaxe (down 0.05%), Sobha (down 1.26%), Sunteck Realty (down 1.72%) and Unitech (down 2.38%), edged lower.

Overseas, most stocks in Europe decline on Friday as trade fears returned. Stocks in Asia slipped on Friday amid growing concerns over the trade fight between the US and China. Media reports on Thursday suggested that President Donald Trump is unlikely to meet Chinese leader Xi Jinping before March. As a result, investors are considering whether they will reach an agreement over trade before a self-imposed deadline of March 2. Failing to reach a compromise would mean additional tariffs on Chinese goods straight away.

Meanwhile, a round of weak data from the European Union underscored global growth concerns. German industrial production unexpectedly fell by 0.4% in December from the month before. Meanwhile, the European Commission cut its growth forecast for the shared currency bloc Thursday, predicting that the 19-member eurozone will collectively grow by just 1.3% this year, down from the 1.9% forecast in November.

US stock benchmarks on Thursday finished the session firmly lower as worries about sluggish growth outside of the US and diminishing expectations for a quick resolution to a US-China trade spat, buffeted markets.

The number of Americans applying for jobless benefits fell in the week ended 2 February by 19,000 to 234,000.

Powered by Capital Market - Live News

How We Help?
Delivery Based Trading
Intra Day Trading
BITSIT®
Futures and Options
Applying IPO Online
Applying MF Online
NRI Services
Mutual Fund Distribution
Back office
Digital Contracts
Research
Do’s and Don’ts
Equity
Daily Market Tracker
Market Analysis
Company Info
News Analysis
Corporate Announcement
Global Indices
 
Derivatives
Derivative
Futures
Options
IPOs
Forthcoming Issues
Open Issues
Closed Issues
New Issue Monitor
New Listing
Basis of Allotment
Draft Prospectus
Best Performers
Know IPO's / FAQ's
Mutual Funds
MF Schemes
MF Trends
MF Buzz
MF Tools
Knowledge Center
Other Links
About Us
Contact Us
Sitemap
FAQs
Disclaimer
Trading Holidays
Investor Grievance
Rules & Regulations
Privacy Policy
Password Policy
Terms of Use
Rights & Obligations (Vernacular Language)
Criteria for Fit and Proper person
Other Links
RBI |  SEBI |  BSE |  NSE
CDSL |  NSDL
BANK OF BARODA
BOBIBANKING
BOB CAPITAL MARKETS LTD
BOB CARDS
BARODA PIONEER MUTUAL FUND
INDIAFIRST LIFE INSURANCE
RGESS
© 2014 BOB CAPITAL MARKETS LTD. All rights reserved
SEBI Single Registration Certificate - INZ000159332
Designed, Developed and Content provided by C-MOTS Infotech (ISO 9001:2008 certified)
Site best viewed in IE 7.0+, Netscape 8.1 and Mozila Firefox 1.5+ at 1024 x 768 pixels resolution.
Compliance Officer: Shri. Pushkar Vartak / Phone : 022 – 6138 9321 / email : compliance@bobcaps.in