Summary
Sensex slips 219 points to close below 35,500##Sensex slips 219 points to close below 35,500
Market ends first session of the expiry week lower##Market ends first session of the expiry week lower
Closing Bell: Sensex ends below 35,500 mark##Closing Bell: Sensex ends below 35,500 mark
The BSE Sensex closed 219.25 points lower, or 0.61 percent, to 35,470.35, while the NSE Nifty 50 ended 59.40 points lower, or 0.55 percent lower, to 10,762.45. ICICI Bank, Tata Motors, Oil marketing companies draffed Nifty below 10,800 today. Except Nifty IT, all sectoral indices underperformed.
Sensex, Nifty widen losses##Sensex, Nifty widen losses
At 3.02pm, the BSE Sensex was trading lower by 175.27 points, or 0.49 percent, to 35,514.33, while the Nifty 50 fell 41.25 points, or 0.38 percent, to 10,780.60. Infosys, Bajaj Finance shares were among top gainers on the Nifty, while Tata Motors, ICICI Bank, HPCL, BPCL were among top losers. PNB Housing Finance remains top gainer by surging nearly 12 percent on the BSE, while Allahabad Bank and Idea were among top losers. Except Nifty IT all sectoral indices on the Nifty were trading lower with Nifty PSU Bank lowest at 2.02 percent.
Market at day's low##Market at day's low
Market update: Sensex falls over 100 points, Nifty below 10,800##Market update: Sensex falls over 100 points, Nifty below 10,800
The BSE Sensex fell over 117 points, or 0.33 percent, to 35,571.80, while the NSE Nifty 50 was down by 33.10 points, or 0.31 percent, to 10,788.75. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,343.44 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,105.76 crore on Friday, as per provisional data, according to PTI.
William Boulter to take over as Indigo CCO##William Boulter to take over as Indigo CCO
Sanjay Kumar, Chief Commercial Officer of IndiGo, has resigned from the airline, with effect from 15th July 2018. William Boulter, currently Chief Strategy Officer, will be taking over from Sanjay Kumar as Chief Commercial Officer. InterGlobe Aviation or Indigo shares were trading 10.75 points lower, or 0.91 percent, at Rs1173.95 at 2.05 pm on the BSE.
Parliament monsoon session to begin on 18 July##Parliament monsoon session to begin on 18 July
Market update: Sensex, Nifty trade lower##Market update: Sensex, Nifty trade lower
The BSE Sensex was trading lower by 100.86 points, or 0.28 percent, to 35,588.74, while the NSE Nifty 50 fell 24.55 points, or 0.23 percent, to 10,797.30. Tata Motors Ltd, down as much as 4.1 percent at more than a two-week low, was the top percentage loser on both the indexes.
Idea Cellular shares fall##Idea Cellular shares fall
Market update: Sensex, Nifty extend losses##Market update: Sensex, Nifty extend losses
BSE Sensex is trading lower by 62.49 points, or 0.18 percent, to 35,627.11, while the Nifty 50 fell 18.80 points, or 0.17 percent, to 10,803.05 at noon. Meanwhile, the HDFC CEO says the company is not looking at acquiring controlling stake in PNB Housing Finance. The PNB Housing Finance shares today surged more than 13 percent in intraday trade.
Pharma stocks gain##Pharma stocks gain
Pharma stocks zoomed on Monday with Abbott India shares touching 52-week high. The stock has gained 40% year-to-date and was trading at Rs7626.05 at 11.09am. AstraZeneca was at 52-week high with 29% gain YTD. Pfizer up 27% YTD, GSK Pharma Up 12% YTD and Merck Up 100% YTD. Nifty Pharma was higher at 0.60%.
Read more to find whether the rally is for real.
Monsoon to reach Delhi on 29 July: IMD##Monsoon to reach Delhi on 29 July: IMD
The India Meteorological Department (IMD) on Monday said that 104.6mm of rainfall was recorded between 1-24 June, which is 11% below normal. The IMD also said that the monsoon may cover entire Maharashtra in 24 hours and will likely hit Uttar Pradesh, Chhattisgarh and Madhya Pradesh in next 48 hours. The seasonal rains are expected to hit Delhi between 29 June and 1 July.
Market update: Sensex, Nifty trade flat##Market update: Sensex, Nifty trade flat
BSE Sensex trades lower by 57.94 points, or 0.16 percent, to 35,631.66, while the Nifty 50 was down 20.20 points, or 0.19 percent, to 10,801.65 at 10.20am. Notable Sensex gainers include PNB Housing Finance, Infosys among others, while Idea and Tata Motors are among major losers. All major Nifty Sectoral Indices were trading in the red, with major exceptions being the IT, Metal, Pharma, Realty which were higher by 0.85 percent, 0.40 percent, 0.60 percent, 0.04 percent respectively.
PNB Housing Finance rises nearly 10%##PNB Housing Finance rises nearly 10%
PNB Housing Finance gains nearly 10% after reports that HDFC and Kotak Mahindra Bank are competing for a controlling stake in the company as they aim to gain wider coverage in the mortgage market. At 10.12am, the PNB Housing shares were trading higher by 102.55 points, or 9.57%, at Rs1173.90 on the BSE.