Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Nifty below 11,150; auto shares decline
  • September 22,2020  14:26
  • Key indices were currently trading near the day's low in mid-afternoon trade. At 14:24 IST, the barometer index, the S&P BSE Sensex, was down 305.49 points or 0.80% at 37,728.65. The Nifty 50 index lost 109.05 points or 0.97% at 11,141.50.

    Investors sentiment was dented as rising coronavirus cases led to the possibility of fresh lockdowns in some European countries, which could further slowdown the pace of global economic recovery.

    The broader market tumbled. The S&P BSE Mid-Cap index fell 1.68% while the S&P BSE Small-Cap index declined 1.71%.

    Sellers outweighed buyers. On the BSE, 645 shares rose and 1899 shares fell. A total of 157 shares were unchanged.

    Buzzing Index:

    The Nifty Auto index slid 1.80% to 7,691.20. The index has lost 5.76% in two sessions.

    Tata Motors (down 3.35%), Maruti Suzuki (down 3.01%), TVS Motor Company (down 2.93%), Hero MotoCorp (down 2.01%), Eicher Motors (down 1.88%), Ashok Leyland (down 1.74%), Mahindra & Mahindra (down 1.62%), Bharat Forge (down 0.76%) and Bajaj Auto (down 0.34%) declined.

    Stocks in Spotlight:

    TCS rose 2.29% to Rs 2521 after the IT major announced the expansion of its partnership with Morrisons, a supermarket chain in the UK, through a five-year contract for application management services, data services and cybersecurity services.

    Alkyl Amines Chemicals tumbled 4.52% to Rs 3053 after the company's chief financial officer (CFO) Rahul Mehta tendered his resignation on 21 September 2020. “He has been relieved from his duties with effect from the said date,” the company said.

    Deepak Nitrite added 2.77% to Rs 835.60. On Monday (21 September), Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series of V I E I F bought 12,02,981 equity shares (0.88% stake) of Deepak Nitrite at Rs 839.18 each via bulk deal on the NSE. Earlier on 18 September 2020, the Vanguard fund bought 10,81,688 shares (0.79%) in the chemicals maker at Rs 861.54 each via bulk deal on the NSE.

    Numbers to Track:

    In the foreign exchange market, the partially convertible rupee edged higher to 73.585 compared with its previous closing 73.385.

    The yield on 10-year benchmark federal paper fell to 6.009% compared with previous closing of 6.016% in the previous trading session.

    MCX Gold futures for 5 October 2020 settlement fell 0.34% to Rs 50,300.

    In the commodities market, Brent crude for November 2020 settlement rose 22 cents to $41.66 a barrel. The contract lost 3.96% or $1.71 to settle at $41.44 in the previous trading sessions.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory