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- IOL Chemicals hits fresh all-time high in weak market; surges 20% in 3 days
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F&O expiry: Mkts end flat after a choppy session; Nifty settles at 10,289
All that happened in the markets today
Topics
Markets | Coronavirus | International Monetary Fund
SI Reporter |
Last Updated at June 25, 2020 16:06 IST
EVENT HIGHLIGHTS
ITC (up around 5.5 per cent) was the top gainer on the Sensex. (Photo: PTI)
The domestic stock market ended Thursday's volatile session on a flat note with slight cuts. It was also the last day of the June series derivative contracts.
The S&P BSE Sensex ended at 34,842, down 27 points or 0.08 per cent having earlier fallen to as low as 34,500 and as high as 35,082 in intra-day. The Nifty50 index ended below the 10,300-mark at 10,289, down 16 points or 0.16 per cent.
ITC (up around 5.5 per cent) was the top gainer on the Sensex, followed by Bajaj Finance (up over 2 per cent) and HUL (up 2 per cent). On the other and, Asian Paints (down 3 per cent) ended as the biggest loser.
Among individual stocks, Canara Bank slipped over 4 per cent as its losses widened during March quarter of FY20 (Q4FY20). Bharti Infratel also declined after the company pushed the deadline for completion of merger with Indus Towers by over two months.
Shares of IOL Chemicals & Pharmaceuticals hit a new all-time high of Rs 464.65 in the intra-day trade on the BSE. It ended at Rs 466, up 7.7 per cent.
Shares of IIFL Group companies were in focus. On an individual basis, shares of IIFL Finance were locked in 10 per cent upper circuit at Rs 82.20 on the BSE after its promoter & director Nirmal Jain increased stake in the company through open market purchases.
Shares of IOL Chemicals & Pharmaceuticals hit a new all-time high of Rs 464.65 in the intra-day trade on the BSE. It ended at Rs 466, up 7.7 per cent.
Shares of IIFL Group companies were in focus. On an individual basis, shares of IIFL Finance were locked in 10 per cent upper circuit at Rs 82.20 on the BSE after its promoter & director Nirmal Jain increased stake in the company through open market purchases.
The trend among Nifty sectoral indices was mixed, with the Nifty FMCG index advancing over 2 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indexes ended 0.62 per cent and 0.76 per cent higher, respectively.
Global markets
World stocks fell to their lowest level in over a week on Thursday, as a surge in US coronavirus cases and an IMF warning of a nearly 5 per cent plunge in the global economy this year spooked investors.
Most Asian markets were closed today for holidays. In the overnight trade, Wall Street's three major indexes tumbled.
The International Monetary Fund Wednesday said the Covid-19 pandemic was causing wider and deeper damage to economic activity than first thought, prompting it to slash its 2020 global output forecasts further to 4.9 per cent from 3 per cent.
In commodities, oil slipped below $40 a barrel after a more than 5 per cent fall the previous session, as record-high US crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand.
(With inputs from Reuters)
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