Quick Peek
Home >> Markets >> Equity >> News >> Quick Peek Detailed News
Market ends with modest losses
(15:36, 04 Jun 2018)

Key indices settled with modest losses as weakness in banks and FMCG pivotals weighed. The barometer index, the S&P BSE Sensex, fell 215.37 points or 0.61% to 35,011.89, as per the provisional closing data. The Nifty 50 index fell 67.70 points or 0.63% to 10,628.50, as per the provisional closing data.

Investors remained on the sidelines ahead of Reserve Bank of India's (RBI) monetary policy review meeting beginning today. The RBI's Monetary Policy Committee (MPC) will meet between 4-6 June 2018 for the second bi-monthly monetary policy statement for 2018-2019. The resolution of the MPC will be unveiled at 14:30 pm on Wednesday, 6 June 2018.

After opening higher, indices declined in morning trade. Indices recovered and hovered near flat line in early afternoon trade. Shares hit fresh intraday low in late trade as selling intensified.

The Sensex rose 328.33 points, or 0.93% at the day's high of 35,555.59 in early trade. The index fell 245.01 points, or 0.70% at the day's low of 34,982.25 in late trade. The Nifty rose 74.10 points, or 0.69% at the day's high of 10,770.30 in early trade. The index fell 77.85 points, or 0.73% at the day's low of 10,618.35 in late trade.

Among secondary barometers, the BSE Mid-Cap index fell 0.82%. The BSE Small-Cap index fell 2.09%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was weak. On BSE, 566 shares rose and 2,122 shares fell. A total of 184 shares were unchanged.

HDFC Bank (down 2.83%), Bharti Airtel (down 2.67%), Power Grid Corporation of India (down 2.19%), Adani Ports and Special Economic Zone (down 2.04%), Hindustan Unilever (down 1.7%) and State Bank of India (down 1.44%), were the major Sensex losers.

Infosys (up 1.57%), Mahindra & Mahindra (up 1.49%), Tata Steel (up 1.34%), Reliance Industries (up 1.09%) and TCS (up 0.85%), were the major Sensex gainers.

Dr Reddy's Laboratories gained 2.96% after the company announced that the audit of its API Srikakulam Plant (SEZ), Andhra Pradesh by the USFDA, has been completed with no observations. The announcement was made on Saturday, 2 June 2018.

Overseas, European stocks were trading higher as optimism for the world's largest economy helped investors put concerns over protectionism to one side. Asian stocks were trading higher, tracking gains seen on Wall Street on Friday, 1 June 2018. US stock-market indices jumped on Friday, following a solid jobs data for May, while shrugging off concerns over Italian politics and trade wars.

The US labor market remains strong with 223,000 new jobs created in May, while the unemployment rate fell to an 18-year low of 3.8%. Wage growth was modest, with the yearly rate of pay rising to 2.7% from 2.6%. Receding fears about political upheaval in Italy also helped boost sentiment.

Despite the positive mood, trade concerns continued to linger after US-China trade talks yielded no major breakthroughs. China threatened that previous trade agreements negotiated by the countries will not take effect if the Trump administration goes ahead with a planned tariff increase.

US allies also took aim during a G-7 finance leaders meeting at metals tariffs imposed by the Trump administration.

On the US data front, the Institute for Supply Management said Friday that its manufacturing index rose to 58.7%, up 1.4% from April and a two-month high.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     373.15   Down   -4.00 (-1.06%)   Asian Paints Ltd     1,395.10   Down   -4.15 (-0.30%)   Axis Bank Ltd     618.05   Up   13.15 (2.17%)   Bajaj Auto Ltd     2,646.40   Up   15.55 (0.59%)   Bajaj Finance Ltd     2,830.20   Up   69.80 (2.53%)   Bajaj Finserv Ltd     7,112.70   Up   167.25 (2.41%)   Bharat Petroleum Corporation Ltd     376.65   Down   -3.05 (-0.80%)   Bharti Airtel Ltd     367.00   Down   -3.15 (-0.85%)   Bharti Infratel Ltd     283.90   Down   -1.35 (-0.47%)   Cipla Ltd     642.75   Up   14.45 (2.30%)   Coal India Ltd     282.65   Up   3.60 (1.29%)   Dr Reddys Laboratories Ltd     2,278.45   Up   36.85 (1.64%)   Eicher Motors Ltd     28,992.35   Up   585.75 (2.06%)   GAIL (India) Ltd     379.80   Up   4.35 (1.16%)   Grasim Industries Ltd     986.60   Down   -0.25 (-0.03%)   HCL Technologies Ltd     999.70   Up   16.70 (1.70%)   HDFC Bank Ltd     2,089.10   Down   -2.55 (-0.12%)   Hero Honda Motors Ltd     3,266.35   Down   -41.85 (-1.27%)   Hindalco Industries Ltd     221.45   Down   -0.20 (-0.09%)   Hindustan Petroleum Corporation Ltd     270.05   Down   -3.05 (-1.12%)   Hindustan Unilever Ltd     1,744.25   Up   15.40 (0.89%)   Housing Development Finance Corporation Ltd     1,941.50   Down   -5.50 (-0.28%)   ICICI Bank Ltd     332.45   Up   7.55 (2.32%)   Indiabulls Housing Finance Ltd     1,291.05   Up   14.55 (1.14%)   Indian Oil Corporation Ltd     160.70   Up   0.05 (0.03%)   IndusInd Bank Ltd     1,997.60   Up   3.70 (0.19%)   Infosys Technologies Ltd     1,408.30   Down   -0.45 (-0.03%)   ITC Ltd     307.90   Up   1.95 (0.64%)   Kotak Mahindra Bank Ltd     1,293.00   Up   5.85 (0.45%)   Larsen & Toubro Ltd     1,253.25   Down   -15.80 (-1.25%)   Lupin Ltd     836.75   Up   24.80 (3.05%)   Mahindra & Mahindra Ltd     950.45   Down   -4.05 (-0.42%)   Maruti Suzuki India Ltd     9,132.60   Up   51.75 (0.57%)   NIFTY (S&P CNX)     11,435.10   Up   79.35 (0.70%)   NTPC Ltd     156.90   Down   -1.10 (-0.70%)   Oil & Natural Gas Corpn Ltd     166.25   Up   0.20 (0.12%)   Power Grid Corporation of India Ltd     187.90   Down   -0.10 (-0.05%)   Reliance Industries Ltd     1,210.60   Up   22.90 (1.93%)   State Bank of India     294.90   Up   0.75 (0.25%)   Sun Pharmaceuticals Industries Ltd     601.80   Up   37.90 (6.72%)   Tata Consultancy Services Ltd     2,003.55   Up   3.40 (0.17%)   Tata Motors Ltd     248.80   Up   0.10 (0.04%)   Tata Steel Ltd     578.95   Up   10.15 (1.78%)   Tech Mahindra Ltd     672.80   Up   12.85 (1.95%)   Titan Company Ltd     925.60   Up   11.95 (1.31%)   UltraTech Cement Ltd     4,299.10   Up   104.90 (2.50%)   UPL Ltd     610.45   Down   -14.95 (-2.39%)   Vedanta Ltd     215.10   Down   -1.20 (-0.55%)   Wipro Ltd     285.05   Up   3.20 (1.14%)   Yes Bank Ltd     382.50   Up   11.80 (3.18%)   Zee Entertainment Enterprises Ltd     513.95   Up   7.50 (1.48%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com