Markets End in Red, Sensex Closes at 32,584, Nifty at 10,210

BSE Sensex was down by over 90 points or 0.28% at 32,518.56 while the wider NSE Nifty was down by over 38 points or 0.38% at 10,195.55.

Updated: October 18, 2017 3:37 PM IST

By India.com Business Desk

Markets End in Red, Sensex Closes at 32,584, Nifty at 10,210

Mumbai, October 18: Key Indian equity indices-BSE Sensex and NSE Nifty started off on a negative note on Wednesday. BSE Sensex was down by over 90 points or 0.28% at 32,518.56 while the wider NSE Nifty was down by over 38 points or 0.38% at 10,195.55. The rupee opened at 64.93 a dollar. It traded at 64.97 against the dollar, up 0.08% from its Tuesday’s close of 65.03. In the pre-opening session, Sensex slipped over 100 points while Nifty continued to hover above 10,250. Axis Bank and Wipro will be on top focus on Wednesday after their September quarter earnings were announced on Tuesday. Meanwhile, non-banking financial company MAS Financial Services will make its stock market debut today after having concluded its initial share sale offer last week.

Highlights

  • BSE Sensex was down by over 90 points or 0.28% at 32,518.56
  • NSE Nifty was down by over 38 points or 0.38% at 10,195.55
  • The rupee opened at 64.93 a dollar

At 3.35 PM: Key domestic indices closed in red on Wednesday. BSE Sensex closed 24 points down or 0.08% at 32,584.35 while the wider Nifty was down by over 23 points or 0.23% at 10,210.85. According to market observers, heavy selling pressure was witnessed in the banking, automobile and healthcare stocks. Sensex traded in green for some time during afternoon trade backed by index heavyweights Reliance Industries, HDFC Bank and ITC.

At 1.3o PM: Sensex was down by over 37 points or 0.12% at 32,571.18 while the wider Nifty was low by 27 points or 0.27% at 10,207.15. Shares of the non-banking financial company (NBFC) MAS Financial Services Ltd made a strong debut on on bourses on Wednesday. The Gujarat-based company opened at Rs 660, which is up to 46% from its issue price of Rs 459 per share.

At 11.30 AM: Sensex was over 102 points down or 0.31% at 32,506.88 while the wider Nifty was down by over 42 points or 0.41% at 10,192.30. Axis Bank was biggest loser after sharp rise in slippages in Q2 with its stock down 6.5 percent. The key indices were hit by muted quarterly earnings by some bluechips and profit booking by participants at record levels. Brokers said sentiment turned bearish on unabated foreign fund outflows and lower-than-expected Q2 earnings by some bluechip companies amid profit-booking in recent gainers.

At 10.30 AM: Sensex fell over 133 points or 0.41% at 32,475.52 while the wider Nifty was down by over 49 points or 0.48%  at 10,185.45. MAS Financial Services share price started off trade on Wednesday. The stock has opened at Rs 660 against its issue price of Rs 459.

On Tuesday, benchmark Nifty closed at a new peak of 10,234.45 in range-bound trade, continuing its record-setting run for the third session amid optimism over corporate earnings and strong buying by domestic investors. However, the BSE Sensex retreated from record levels as participants preferred to book profits. Investors remained on the sidelines ahead of a long Diwali weekend amid anticipation of a correction in overbought counters, brokers said. Reports state that in the Sensex kitty, Cipla emerged as the top gainer by climbing 4.09 per cent, followed by Bharti Airtel by 2.86 per cent.

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