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MARKETS: Sensex slides 350 pts; Nifty below 18,100 amid broad-based selloff

Stock market LIVE: Titan's net profit jumped 270.5 per cent to Rs 641 crore in Q2FY22

Topics
MARKET LIVE | Q2 results | Nykaa

SI Reporter  |  New Delhi 

trader broker stock market

Opening Bell

LIVE market updates: Benchmarks started in the negative territory on Thursday, ahead of the monthly F&O expiry later today. In early deals, the BSE Sensex was at 60,962 levels, down 181 points or 0.3 per cent led dragged by Titan, ICICI Bank, and ITC.

It's NSE counterpart Nifty50, on the other hand, was at 18,139 levels, down 72 points or 0.4 per cent.

In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.34 per cent.

Among individual stocks, shares of ITC dipped 2 per cent after the cigarette-to-hotels major reported a 10.09 per cent YoY increase in consolidated profit at Rs 3,763.73 crore in the September quarter of FY22, led by a recovery across segments.

Meanwhile, those of Titan shed 4 per cent after the jewellery firm's net profit jumped 270.5 per cent to Rs 641 crore in Q2FY22 when compared to Rs 173 crore during the same period last year at a consolidated level, riding on recovery in demand across its consumer businesses.

Shares of IndusInd Bank, and L&T were up 4 per cent and 1.3 per cent, respectively on the back of Q2 results.

Sectorally, all except the Nifty Healthcare index were trading in the red led by the Nifty PSU Bank index (down 2.4 per cent) and the Nifty Metal index (down 2 per cent).


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Pre-open session (Updated at 9:07 AM)

LIVE market updates: Pre-open session is indicating a negative start for the benchmark indices. The BSE barometer of 30-shares is down 61 points at61,083 levels while the Nifty50 is at 18,187 levels, down 23 points.

IndusInd Bank, Titan, and L&T were the top Sensex gainers in pre-open session.

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Updated at 8:10 AM

LIVE market updates: Expiry of the October F&O series, along with the on-going corporate results season, is expected to keep the secondary markets volatile on Thursday.

Around 150 companies including Bajaj Finserv, CarTrade Tech, DLF, InterGlobe Aviation, JK Tyre, Marico, NTPC, Tata Power, SBI Card, and Westlife Development are slated to report their Q2 results today.

Nykaa IPO opens today

The much awaited Rs 5,320-crore IPO by Nykaa will open for subscription in a price band of Rs 1,085 - Rs 1,125 per share.

While most analysts recommend subscribing to the issue from a long-term perspective, they do caution against the valuation and online segment that the company operates in.

Global cues
Shares in Asia-Pacific were mixed in Thursday trade as investors await the Bank of Japan’s latest monetary policy announcement.

The Nikkei 225 in Japan declined 0.88 per cent while the Topix index shed 0.65 per cent. Mainland Chinese stocks were also lower, with the Shanghai composite slipping about 0.6 per cent. Hong Kong’s Hang Seng index climbed 0.24 per cent.

Elsewhere, South Korea’s Kospi traded 0.24 per cent higher. Shares in Australia declined as the S&P/ASX 200 fell 0.26 per cent. Meanwhile, SGX Nifty was up just 4 points at 18,215 levels at 8:08 AM.

Overnight stateside, the Dow Jones Industrial Average dropped 266.19 points to 35,490.69 while the S&P 500 slipped about 0.51 per cent to 4,551.68. The Nasdaq Composite was flat at 15,235.84.


Brent crude futures
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 2.12% to $82.79 per barrel. U.S. crude futures declined 1.9% to $81.09 per barrel.

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First Published: Thu, October 28 2021. 08:08 IST

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