Mumbai: Equities slipped back into the red on Thursday after a two-day winning run as the Sensex declined over 80 points and the Nifty cracked below 9,600, with investors turning cautious after the Federal Reserve’s rate hike. The BSE 30-share Sensex, after opening higher, touched a high of 31,229.44, but slipped to end lower by 80.18 points, or 0.26%, at 31,075.73.
The index had risen 60.21 points in the last two sessions. The NSE Nifty after shuttling between 9,621.40 and 9,560.80 settled at 9,578.05, down 40.10 points, or 0.42%. Caution prevailed after the US Fed raised its key interest rate by 25 basis points and announced plans to start paring its bond holdings, and on an overnight slump in crude prices. Besides, the ongoing US political turmoil also had a rub-off effect on the sentiment.
■ 3.30pm: IT stocks close lower as BSE IT index falls by 1.06%, BSE oil & gas index sheds 1.19%. BSE Sensex closed lower by 80 points, or 0.26%, to 31,076, while the Nifty 50 fell 40 points, or 0.42%, to 9,578.
■ 3.07pm: Pharma and realty stocks are the biggest gainers. Nifty realty index is higher by 2.08%, and Nifty pharma rises by 1.33%. The shares of India Bulls Real Estate rise by over 6%, Delta Corp shares are up by 3.56%, Housing Development infrastructure (HDIL) shares rise by 2.52%, and DLF shares rise by 2.16%.
■ 2.15pm: BSE Sensex trades lower by 81 points, or 0.26%, to 31,175, while the Nifty 50 falls 39 points, or 0.41%, to 9,579. Tata Consultancy Services (TCS), Mahindra & Mahindra (M&M), Larsen & Toubro (L&T), and Coal India shares fall reporting losses to the tune of 1.83%, 1.54%, 1.58% and 1.36%, respectively.
■ 1.30pm: Among the Nifty sectoral indexes, Nifty PSU bank index reports maximum loss of 0.75% followed by the Nifty bank index that fell by 0.68% on NSE. Nifty financial services index declines by 0.61%. BSE Sensex trades lower by 81 points, or 0.26%, to 31,075, while the Nifty 50 falls 42 points, or 0.43%, to 9,576. IDBI Bank falls by 0.92%, PNB falls by 2.5%, Syndicate Bank by 1.55%, and Bank of Baroda by 1.27%.
■ 12.47pm: BSE Sensex trades lower by 46 points, or 0.15%, to 31,110, while the Nifty 50 falls 29 points, or 0.30%, to 9,589.
■ 12.02pm: BSE Sensex trades lower by 36 points, or 0.12%, to 31,120, while the Nifty 50 falls 24 points, or 0.25%, to 9,594.
■ 11.30am: IT (information technology) stocks fall. MindTree shares fall 0.42%, TCS shares fall 1.14%, HCL shares fall 1.05%, and Kellton Tech solutions shares fall 1.92%.
■ 11.05am: Aviation stocks trade higher. SpiceJet Ltd shares rise 2.6%, Jet Airways India Ltd shares rise 2.1%, InterGlobe Aviation Ltd shares rise 2.3%.
■ 11.00am: Oil marketing companies trade lower. Bharat Petroleum Corp Ltd shares fall 2.4%, Hindustan Petroleum Corp shares fall 1.8%, Indian Oil Corp shares fall 1.2%.
■ 10.45am: Realty stocks gains. DLF Ltd rose 2%, HDIL 1.8%, Prestige Real Estate 1.7%, Godrej Properties 1.7%, Sobha 1.4%, Indiabulls Real Estate 1.2%.
■ 10.30am: Cadila Healthcare Ltd rose 2.1% to Rs 539.85 after the company said in a notice to BSE that Zydus got final approval from the USFDA for Acyclovir for injection USP.
■ 10.13am: Shipping Corp. of India (SCI) shares rise as much as 16% (Rs92) after Niti Aayog proposes stake sale in the company. Currently the scrip is trading at Rs87.35, 10% higher than its previous close.
■ 9.33am: BSE Sensex trades lower by 20 points, or 0.07%, to 31,136, while the Nifty 50 falls 20 points, or 0.21%, to 9,598.
■ 9.30am: Reliance Industries Ltd rose 1% to Rs1,368. According to CNBC report, Mukesh Ambani will hold press conference along with British Petroleum in Delhi on Thursday.
■ 9.25am: Jindal Saw Ltd rose 3% to Rs75.55 after the company said its holding in US unit brought down to 19%; closed down unit in Spain; sold shareholding in Singapore unit.
■ 9.20am: Central Bank of India fell 2.1% to Rs99.50 after its said Reserve Bank of India (RBI) has initiated “prompt corrective action” (PCA) for state-run Central Bank of India over high bad loans and negative return on assets
■ 9.10am: Shipping companies were trading higher. Shipping Corp Of India rose 12%, Great Eastern Shipping Co Ltd rose 3.5%. Shreyas Shipping & Logistics Ltd 4.4%.
■ 9.08am: Banking stocks fell. Punjab National Bank fell 2.3%, Dena Bank 1.8%, Indian Overseas Bank 1.7%, Bank of Baroda 1.6%, IDBI Bank 1.5%, UCo Bank 1.5%, Union Bank of India 1.4%, Oriental Bank of Commerce 1.2%, Canara Bank 1.2%, Syndicate Bank 1.1%, Yes Bank 1.1%, Bank of India 1.1%, Indian Bank 1.1%, Andhra Bank 1%, Axis Bank 0.8%.
■ 9.05am: The 10-year bond yield was at 6.502% compared to its previous close of 6.474%. Bond yields and prices move in opposite directions.
■ 9.00am: Asian currencies were trading mixed. Thai baht was up 0.15%, Malaysian ringgit 0.09% and Japanese yen rose 0.04%. However, Taiwan dollar was down 0.07%, Indonesian rupiah 0.07% and Singapore dollar fell 0.05%.
With inputs from Reuters