- At 14%, Indian households among the lowest invested in equities globally
- Vodafone Idea rallies 54% from Tuesday's low ahead of fund raising meet
- Jubilant FoodWorks rebounds from day's low, hit record high post Q1 results
- Gateway Distriparks surges 15% as Board approves business restructuring
- Indian IT companies to see a re-rating similar to FAANG stocks: Edelweiss
- Tata Consumer hits record high, crosses Rs 53,000-crore in market-cap
- Out of the woods? Analysts turn bullish on NBFCs on improved liquidity
- Liquor stocks extend gains; Globus Spirits, United Breweries up over 5%
- Aviation stocks rise as govt allows airlines to increase capacity
- Are the markets showing signs of fatigue? Here's what charts suggest
Sensex ends 95 pts lower, small, mid-caps outperform; Voda Idea zooms 27%
All that happened in the markets today
Topics
Markets | India Services PMI | India China relations
SI Reporter |
Last Updated at September 3, 2020 16:20 IST
EVENT HIGHLIGHTS
On the NSE, the benchmark Nifty50 settled at 11,527, down 7.5 points, or 0.065 per cent.
The Indian markets settled flat with negative bias on Thursday after fluctuating between minor gains and losses during the session.
The S&P BSE Sensex ended 95 points, or 0.24 per cent lower at 38,991 levels, with ICICI Bank (down over 2 per cent) being the top loser and Titan (up nearly 6 per cent) the biggest gainer.
On the NSE, the benchmark Nifty50 settled at 11,527, down 7.5 points, or 0.065 per cent. India VIX dropped nearly 3 per cent to 20.53 levels.
The broader market, however, fared better than the benchmarks. The S&P BSE MidCap index ended 0.4 per cent higher at 15,079 levels while the S&P BSE SmallCap index settled at 14,761 points, up 0.74 per cent.
Among individual stocks, Vodafone Idea ended 27 per cent higher at Rs 12.56 on the BSE after media reports said Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in the company. READ MORE
Aviation stocks gained in the trade after the government allowed airlines to increase flights up to 60 per cent of their total capacity. InterGlobe Aviation ended nearly 2 per cent higher at Rs 1,270.95 on the BSE while SpiceJet settled at Rs 52.65, up over 3.5 per cent. READ MORE
Shares of Jubilant FoodWorks hit a fresh record high of Rs 2,305, up 2.3 per cent, bouncing back 4 per cent in the intra-day trade, on the BSE on the expectation of margin improvement going forward. The stock settled at Rs 2,292.75, up nearly 2 per cent.
Among sectoral indices on the NSE, Nifty Bank fell the most - down nearly 1.5 per cent to 23,531 levels. Nifty IT, on the other hand, advanced the most - up 1.5 per cent to 18,348.5 levels, with 9 out of 10 constituents advancing.
Among sectoral indices on the NSE, Nifty Bank fell the most - down nearly 1.5 per cent to 23,531 levels. Nifty IT, on the other hand, advanced the most - up 1.5 per cent to 18,348.5 levels, with 9 out of 10 constituents advancing.
Global markets
Europe kept record-high world share markets marching forward on Thursday. The pan-European STOXX 600 index rose over 1 per cent in early trade, tracking Wall Street's latest peaks and gains in parts of Asia after data showed China's service sector grew for a fourth straight month in August.
Oil prices fell to a one-month low as worries about weaker US gasoline demand and a sluggish economic recovery from the Covid-19 pandemic dented sentiment.
(With inputs from Reuters)
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