Local equities continued their worst selling in late afternoon session, breaching their crucial below 58350 (Sensex) and 17400 (Nifty) levels amid a selloff across sectors. Realty, Consumer Durables and Energy were the worst hit. The broader indices tumbled above three percent each. The overall market breadth was negative as 2597 shares were declining and 771 were advancing, while 172 shares were unchanged on the BSE. Sentiments remained down-beat, as country’s foreign exchange reserves declined by $763 million to $640.112 billion in the week ended November 12, 2021. In the previous week ended November 5, the reserves had decreased by $1.145 billion to $ 640.874 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021. On the global front, Asian markets were trading mostly in green after a trio of Fed policymakers signaled that the topic of a faster taper might be on the table when the Federal Open Market Committee meets in December. European markets were trading higher despite Austria's return to lockdown as the region raced to curb soaring Covid infections.
The BSE Sensex is currently trading at 58302.10, down by 1333.91 points or 2.24% after trading in a range of 58277.62 and 59778.37. There were 3 stocks advancing against 27 stocks declining on the index.
The broader indices were trading in red; the BSE Mid cap index declined 3.22%, while Small cap index down by 3.64%.
The only gaining sectoral indices on the BSE were Telecom up by 2.43%, while Realty down by 4.99%, Consumer Durables down by 4.23%, Energy down by 3.95%, Auto down by 3.33% and Consumer discretionary was down by 3.01% were the top losing indices on BSE.
The top gainers on the Sensex were Bharti Airtel up by 3.49%, Asian Paints up by 0.74% and Power Grid up by 0.68%. On the flip side, Bajaj Finance down by 5.87%, Titan Company down by 4.64%, Reliance Industries down by 4.37%, Bajaj Finserv down by 4.28% and Kotak Mahindra Bank down by 3.55% were the top losers.
Meanwhile, the Retirement fund body, Employees' Provident Fund Organisation (EPFO) in its latest ‘Provisional Estimate of Net Payroll’ data report has showed that India created 1541396 new jobs in the month of September 2021.
As per the report, the maximum jobs were created in the age bracket of 22-25 and in this bracket the top sectors which have created more fresh jobs include Expert Services; Trading-Commercial Establishments; Establishment Engaged in Manufacture, Marketing Servicing; Engineers- Engineering Contractors; Building & Construction Industry; Financing Establishment and Hospitals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Karnataka, Gujarat, Tamil Nadu, Haryana and Delhi.
According to the data report, 6312 new jobs were created in less than 18 age group category, while 318308 jobs in 18-21 age group category. Further, 22-25 age, 26-28 age, 29-35 age and more than 35 age group category witnessed 412152, 220147, 310654 and 273823 new payrolls, respectively in September 2021.
The CNX Nifty is currently trading at 17363.15, down by 401.65 points or 2.26% after trading in a range of 17358.95 and 17805.25. There were 6 stocks advancing against 44 stocks declining on the index.
The top gainers on Nifty were Bharti Airtel up by 3.38%, JSW Steel up by 0.91%, Asian Paints up by 0.77%, Britannia up by 0.76% and Power Grid up by 0.75%. On the flip side, Bajaj Finance down by 5.78%, Tata Motors down by 4.86%, Titan Company down by 4.67%, ONGC down by 4.44% and Reliance Industries down by 4.43% were the top losers.
Asian markets were trading mostly in green, KOSPI rose 42.23 points or 1.42% to 3,013.25, Nikkei 225 surged 28.24 points or 0.09% to 29,774.11, Shanghai Composite gained 21.71 points or 0.61% to 3,582.08, Straits Times advanced 3.65 points or 0.11% to 3,235.99 and Jakarta Composite was up by 3.13 points or 0.05% to 6,723.39. On the flip side, Taiwan Weighted dropped 14.77 points or 0.08% to 17,803.54 and Hang Seng was down by 98.63 points or 0.39% to 24,951.34.
European markets were trading higher, UK’s FTSE 100 increased 23.54 points or 0.33% to 7,247.11, France’s CAC increased 20.36 points or 0.29% to 7,132.65 and Germany’s DAX was up by 17.21 points or 0.11% to 16,177.18.