MARKETS: Indices eye flat start; Paytm, Sapphire Foods to note today

Closing Bell

The crucial criteria indces displayed high volatility in trades on Thursdya. The crucial indices experienced wilted under extreme selling pressure in the first-half of the day, prior to staging a partly mid-way, just to lose ground as soon as again.

The BSE criteria index, the Sensex, touched a high of 60,178 in early offers, and quickly slipped into the unfavorable zone. The index dropped to a low of 59,377, and ultimately ended lower for the 3rd straight trading session, down 372 points at 59,636

While doing so, the Sensex shed 1,082 points in the last 3 trading sessions, and was down 1.7 percent (1,051 points) for the week. The markets will be shut for trading tomorrow on account of GuruNanak Jayanti.

The NSE Nifty decreased 134 indicate 17,765, and was down 1.9 percent (338 points) for the week.

Mahindra & Mahindra, Tech Mahindra, HCL Technologies, Larsen & Toubro, Tata Steel, IndusInd Bank, Maruti and Bajaj Finserve were the significant losers amongst the Sensex 30 stocks, down 2-3 percent each. Bajaj Finance, Dr.Reddy’s, TCS and Kotak Bank were the other popular losers. SBI, nevertheless, got a percent.

Debutant Paytm had a frustrating trip. The stock noted at a 9 percent discount rate at Rs 1,950 when compared to its problem cost of Rs 2,150, and went on to extend losses throughout the day. The stock lastly ended at the day’s low at Rs 1,564 – a big 27.3 percent discount rate to its concern cost.

Provided the deal’s aggressive rates and the reality that a person97 Communications, the moms and dad business of Paytm, still stays a loss-making entity, a lot of experts had actually anticipated a mediocre listing. As a financial investment method, they recommend financiers who got an allocation book loss at the existing levels and buy more appealing counters. READ MORE



The other debutant, Sapphire Foods operator of popular food brand names Pizza Hut and KFC ended with at a premium of 4.2 per cent at Rs 1,229 versus its problem cost of Rs 1,180 The stock had actually scaled an intra-day high of Rs 1,384 READ MORE

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In the more comprehensive markets, Escorts rallied to a fresh all-time high at Rs 1,825 and ended 10.3 percent greater at Rs 1,797 after Japan-based Kubota Corporation got stake in the business through the preferential path for a factor to consider of Rs 1,872 crore.

The wider indices ended with much deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 percent each. Amongst sectors, the Metal index shed 2.8 percent, and the Auto index toppled 2.3 percent. All sectoral indices ended in the unfavorable zone.

In the main market, Go Fashion India IPO was subscribed 5.8 times since 3: 30 PM, with strong need from the retail financiers. The retail quota was subscribed 23.2 times and the rich financier part 1.9 times.

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Markets at 02: 30 PM

LIVE market updates:

The essential criteria indices have actually recovered a few of its losses in the last half-hour of trades approximately on the back of restored purchasing interest in banks and index heavyweight Reliance Industries.

The BSE Sensex was down 375 points at 59,633, and the NSE Nifty had actually slipped 132 indicate 17,767

PowerGrid Corporation has actually advanced over a percent. Dependence, Asian Paints and SBI were the other noteworthy gainers amongst the Sensex30 On the other side, Mahindra & Mahindra, Tata Steel, HCL Technoglogies and IndusInd Bank stay the popular losers.

The wider indices, nevertheless, continue to under-perform. The BSE Midcap index was down 1.4 percent, and the Smallcap index had actually slipped 1.2 percent.

The European markets began trade on a blended note. The DAX 30 and CAC 40 were up 0.2 percent and 0.1 percent, respectively, while the FTSE 100 was down 0.2 percent.

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Markets at Lunch (01: 30 PM)

LIVE market updates:

The crucial criteria indices have actually recovered a few of its losses in the last half-hour of trades or two on the back of restored purchasing interest in banks and index heavyweight Reliance Industries.

The BSE Sensex, which, touched a low of 59,377, was down 350 points at 59,658 The NSE Nifty likewise recuperated from the day’s low of 17,689, and was priced quote at 17,778, down 121 points.

In the more comprehensive markets, Paytm down 14.7 percent from its concern rate was the significant loser. Aurum Proptech, Vedanta, JSW Energy, Aurobindo Pharma, Tata Power, CoForge, Zensar Technologies, IDFC, Gujarat Alkalies and Spandana Sphoorty Financial were the other popular losers.

Whereas, Escorts was trading at a fresh life-time after Japan-based Kubota Corporation treked stake in teh business by getting 96.64 lakh shares through the preferential path for a factor to consider of Rs 1,87274 crore. READ MORE

MTNL, Shipping Corporation of India, Tarapur Transformers, TCI Express, Tanla Platforms and Chambal Fertilisers were the other popular gainers.

Somewhere else in Asia, Hang Seng shed 1.4 percent, while Nikkei and Shanghai Composite were down 0.3 percent and 0.4 percent, respectively. Kospi too slipped 0.3 percent. On the other hand, Taiwan acquired 0.4 percent, and Straits Times was flat.

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Markets at Noon

LIVE market updates:

The essential criteria indices up until now in the day have actually extended losses as the trading sesion advanced amidst a board-based selloff. The BSE Sensex was down 483 points at 59,525, and the NSE Nifty had actually decreased 162 indicate 17,737

The total breadth was likewise relatively unfavorable – with decreasing stocks out-numbering advancing shares in almost 3:1 ratio.

All sectoral indices remained in the unfavorable zone – the BSE Auto index was the most significant loser, down 2.5 percent. Health care, IT, Capital Goods, Consumer Durables, Metal and Realty indices were the other significant losers.

In the main market, Go Fashion India IPO was subscribed 3.4 times on Day 2 of the general public problem up until now. The retait quota was subscribed 16.6 times and the rich financier part 1 times.

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Markets at 11 AM

LIVE market updates:

Bears tightened their grip over the marketplaces as financiers participated in across-the-board selloff. The BSE Sensex fell 393 points, or 0.66 percent, at 59,614 level while the Nifty50 quit 17,750- mark. In the intra-day trade, the indices struck low of 59,481 and 17,720

In the wider markets, the BSE MidCap and SmallCap indices dropped 2 percent each.

Volatility index, India VIX, was up 3 percent and market breadth was greatly manipulated towards seller. Over 2,200 shares decreased on the BSE compared to just 800 stocks that increased.

Paytm: What next for the stock?


Offered the deal’s aggressive rates and the reality that a person97 Communications, the moms and dad business of Paytm, still stays a loss-making entity, many experts had actually anticipated a crappy listing. As a financial investment technique, they recommend financiers who got an allocation book loss at the existing levels and buy more appealing counters. READ MORE

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Markets at 10 AM

LIVE market updates: Benchmark indices turned unstable as losses in the personal bank, automobile, and pharma stocks surpassed gains in PSU bank, and FMCG stocks.


After striking a high of 60,177, the BSE Sensex index dropped around 70 indicates price quote at 59,939 levels. The Nifty50, on the other hand, was checking the 17,850- mark.In the wider markets, the MidCap and SmallCap indices on the BSE likewise reversed their gains and were down 0.49 percent and 0.33 percent, respectively.


The brand-new debutants on the bourses, nevertheless, showed contrasting pattern at listing. Shares of One97 Communications, or Paytm, debuted at a 9 percent discount rate at Rs 1,955 on the BSE relative to the problem rate of Rs 2,150 per share. Experts at international brokerage. Post listing, the shares extended decreased and toppled 23 percent versus problem rate to strike a low of Rs 1,657

Macquarie has actually started protection of One 97 Communications with an “underperform” ranking. It has a target of Rs 1,200, recommending 44 percent possible drawback from the concern rate of Rs 2,150


Sapphire Foods, on the other hand, noted at 14.4 percent premium at Rs 1,350 on the NSE. It’s problem cost was Rs 1,180 per share. The shares extended gains and struck a high of Rs 1,384, up 17.2 percent versus problem rate.



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Opening Bell

LIVE market updates: Frontline indices began greater on Dalal Street on Thursday amidst gains in PSU Bank, FMCG, and metal stocks.


The S&P BSE Sensex included 76 points, or 0.13 percent, to price quote at 60,084 levels in early offers while the Nifty50 hovered around 17,900- mark. In the more comprehensive markets, the BSE SmallCap index extended its outperformance into 3rd day, up 0.32 percent.


Amongst specific stocks, ITC increased 1 percent and was the leading entertainer on the Sensex index, followed by SBI, Asian Paints, Power Grid, and Titan Company. On the drawback, M&M was the most significant laggard, down 1.2 percent.


Shares of Vedanta, on the other hand, slipped around 2 percent on the Nifty on earnings reservation after the business stated it has actually selected a committee of directors to examine and suggest a variety of choices and options, consisting of demergers, spin-offs or tactical collaborations of its aluminium, iron & steel, and oil & gas companies.


In the more comprehensive market area, shares of Zomato advanced over 2 percent as it has actually finished closure of its UK-arm, Zomato UK. Even more, according to reports, the food-delivery company remains in speak to invest as much as $500 million in Grofers.


Phoenix Mills shares likewise leapt 2 percent after Canada Pension Plan Investment Board (CPPIB) finished its very first tranche of financial investment worth Rs 787 crore in the business’s subsidiary.



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Pre-opening session

LIVE market updates:

The BSE Sensex fell 39 points in pre-open offers at 59,969 levels. The Nifty50, on the other hand, dipped 8 points at 17,890

Britannia Industries, Asian Paints, Hindalco, and Adani Ports are the leading stocks on the Nifty in pre-open offers.

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Upgraded at 8: 15 AM

LIVE market updates

: Amid absence of triggers, domestic equities are anticipated to trade sideways and track international hints for additional relocations. All eyes, nevertheless, will be on the listing of Paytm and Sapphire Foods today.

At 8: 05 AM, SGX Nifty was at 17,877, down 7 points.

Primary Market Update

Go Fashion (India) IPO was subscribed 2.5 times at the end of Day 1. The retail quota got quotes for 12.1 times.


Tarsons Products’ Rs 1,024 crore IPO was subscribed 77.5 times at closure on strong need from organizations and HNIs.

Global hints

The United States markets ended lower on Wednesday in the middle of worries of possible early rate walkings by the Federal Reserve. The Dow Jones decreased 0.6 percent, while the Nasdaq and the S&P 500 slipped 0.3 percent, each.

In Asia, Nikkei and Hang Seng were down 0.5 percent and 1 percent, respectively, while Shanghai Composite was up 0.4 percent. Kospi and Straits Times slipped 0.5 percent and 0.2 percent, respectively. Taiwan, nevertheless, was up 0.2 percent.

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