Kunal Bothra Jan 11, , Buy Amara Raja Batteries, target Rs Fill in your details: Investors saw a wealth erosion of more than Rs 4.
NIFTY 50 10, Drag according to your convenience. Nifty Bank gained 0. But the Venezuela stock market is still on a high. Reddy's Laboratories up 2. The quota limit for retail individual investors as subscribed 3. The quota limit for non-institutional investors was subscribed 2 per cent whil QIB quota was yet to see bidding.
The index was trading at 3,, down 0. The issue had received bids for 30,85, shares compared with the total issue size of 53,16, shares. In a press release, the largest domestic carmaker said that it sold 1,54, vehicles in India during the month and exported 11, units in the same month. The company had reported Rs crore profit in the March quarter. The issue is priced in the Rs per share range and bids can be made for minimum 30 equity shares and in multiples of 30 shares thereafter.
There will be a discount of Rs 21 per share for retail investors and employee categories. It was followed by State Bank of India 0. Get instant notifications from Economic Times Allow Not now. Buy select midcap themes post correction: Bullish on midcaps in these three sectors: Blue chips eclipse midcaps with a record margin.
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During the week, the Sensex lost State-run banks remained under selling pressure on disappointing quarterly results due to a jump in provisions for bad loans. The BSE Sensex drifted lower by another points in early trade today amid unabated foreign fund outflows and surging global crude oil prices.
The rupee depreciating against the US dollar also affected momentum. Investors also kept an eye on political developments in Karnataka. The share index fell by The gauge has lost In similar fashion, the NSE Nifty declined by Sectoral indices led by capital goods, IT, tech, oil and gas, banking and PSU were trading in the negative zone. Foreign portfolio investors FPIs net sold shares worth Rs Trend at other Asian markets, however, was better as investors kept a cautious watch on developments in US-China trade negotiations.
The Dow Jones Industrial Average, however, ended 0. The rupee weakened by 17 paise to Yesterday, the rupee had managed to hold its ground against the US currency, gaining by 10 paise to end at Meanwhile, the benchmark BSE Sensex fell by However, the apex court made it clear that the swearing-in and the government formation would be subject to the final outcome of the case before it. The share Sensex resumed higher at 35, However, it slipped on profit-booking and touched a low of 35, The gauge had lost Meanwhile, the NSE share Nifty also lost But, it was no brainer; we witnessed a strong selling pressure at higher levels, which continued for the remaining part of the day.
In fact, the tail-end sell off in few heavyweights resulted into a slide below the 10, mark to conclude the session with more than half a percent loss.
The index has now closed below its crucial short term support and hence, going ahead, a possibility of a further slide towards 10, — 10, cannot be ruled out.
On the higher side, 10, followed by 10, would be seen as immediate hurdles. In between, we may some respite in the market; but overall the short term sentiments have dampened now. Traders are repeatedly advised to stay light on positions and avoid taking undue risk.
One needs be very careful now as the recent key driver banking index has now started showing ominous signs. Such development in the heavyweight pocket does not bode well for the bulls.