• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Barometers extend losses; Nifty slips below 18,100 level
  • October 22,2021  13:33
  • The benchmark indices further extended losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 240.66 points or 0.40% at 60,682.84. The Nifty 50 index lost 92.65 points or 0.51% at 18,085.45.

    Sentiment took a hit after the media reported that China has started shutting down schools, cancelling hundreds of flights and ramping up mass testings following a new outbreak of Covid-19.

    Infosys (down 2.50%), ITC (down 3.35%) and Tata Consultancy Services (TCS) (down 1.29%) were major drags.

    Index heavyweight Reliance Industries (RIL) (up 0.38%) will announce its Q2 result today.

    The broader market tumbled. The S&P BSE Mid-Cap index slipped 1.47%. The S&P BSE Small-Cap index shed 1.66%.

    Sellers outnumbered buyers. On the BSE, 1,101 shares rose and 2,100 shares fell. A total of 167 shares were unchanged.

    Gainers & Losers:

    Bajaj Auto (up 2.16%), Housing Development Finance Corporation (HDFC) (up 1.82%), Kotak Mahindra Bank (up 1.46%), Oil & Natural Gas Corporation (ONGC) (up 1.29%) and Bajaj Finserv (up 1.24%) were major gainers in Nifty 50 index.

    Hindalco Industries (down 4.45%), Coal India (down 3.56%), Tata Motors (down 3.44%), ITC (down 3.35%) and Tata Steel (down 3%) were major losers in Nifty 50 index.

    Nifty Results Today:

    Reliance Industries (up 0.27%) and HDFC Life Insurance Company (down 0.21%) will announce their quarterly results today.

    Earnings Impact:

    JSW Steel shed 1.94%. The company reported a 350% year-on-year (Y-o-Y) jump in consolidated net profit to post its highest quarterly profit of Rs 7,179 crore for the second quarter ending 30 September. The company also reported its highest-ever quarterly revenue from operations at Rs 32,503 crore for the quarter, against Rs 19,264 crore a year ago.

    TVS Motor Company soared 7.56%. The company posted a consolidated net profit of Rs 234.37 crore in Q2 FY22 over net profit of Rs 181.41 crore in Q2 FY21. Total income rose to Rs 6,491.18 crore for the second quarter as compared to Rs 5,269.59 in the year-ago period.

    Global Markets:

    European stocks rallied across the board while Asian stocks were mixed on Friday, as fears over the Chinese property market cooled, while investors monitored corporate earnings and key economic data.

    Shares of China Evergrande Group bounced in Hong Kong following media reports that the embattled developer is set to pay off a coupon payment on a dollar-denominated bond.

    In the US, the number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted. Unemployment claims dropped 6,000 to 290,000 last week, the third straight drop, the Labor Department said Thursday. That's the fewest people to apply for benefits since March 14, 2020, when the pandemic intensified.

    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 –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

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.


Toll-free : 1800-11-0909

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 my trading account now!  X 

* All fields are compulsory