Markets

Profit booking subdues equities; rupee, oil prices hurt sentiments

Profit booking subdues equities; rupee, oil prices hurt sentiments

30-share BSE Sensex lost 151.95 points to close on 33,218.81 while the broader 50-share NSE Nifty finished on 10,303.15, down by 47 points.

The S&P BSE Healthcare index which represents a host of big and small pharma companies was up by almost one per cent. Stocks like Indoco Remedies, Morepen Lab, Gufic Bio, Ipca Lab were trading higher between 4 to 2 per cent.

Oil prices climbed 3.5 per cent overnight to quote above Dollars 64 a barrel, the highest since early July 2015, as Saudi Arabia's crown prince cemented his power with an anti-graft crackdown which sparked fears of fresh geopolitical tensions and disruption in crude supplies.

India shares extended losses on Wednesday, a day after the indexes posted their biggest single-day percentage six weeks, dragged lower by Bharti Airtel and Tata Motors.

Brent crude hovering around the $64 a barrel mark is a concern for the country's domestic economy.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Political disturbance in Saudi is triggering high volatility in the crude prices, which is negative for India leading to depreciation in rupee".




Rival Cipla too faced selling pressure and slumped 7.18 per cent.

In the Sensex kitty, major gainers included Axis Bank, Cipla, Sun Pharma, Dr Reddy's, Lupin, Wipro, TCS, Asian Paint, Hindustan Unilever, Bajaj Auto, M&M, Hero MotoCorp, L&T, Maruti Suzuki and Infosys, gaining up to 3.90 per cent. Ashok Leyland reported a gain of 13.5 percent in the net profit at Rs 334.2 crore against Rs 294.4 crore year on year for September quarter.

Globally, other Asian markets led by Japan's Nikkei hit 25-year highs, tracking record closing on the USA bourses amid strong corporate earnings.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.05 per cent having hit its highest since November 2007 on Tuesday.

European markets were also trading in the positive zone. Both the indices slipped nearly half a per cent.

The US Dow Jones Industrial Average ended 0.04 per cent higher yesterday. The Nasdaq Composite slipped 0.27 per cent to 6,767.78.


  • Japan will be able to shoot down North Korean missile, says Trump

    Japan will be able to shoot down North Korean missile, says Trump

    Trump is urging Asian nations to put economic pressure on Kim Jong Un's government, trying to force it to give up nuclear weapons. He spoke to the state's governor by phone - offering his thoughts and prayers to the victims and their families.
    Royal Enfield takes covers off Interceptor 650, Continental GT twin

    Royal Enfield takes covers off Interceptor 650, Continental GT twin

    It has been subjected to lab and bench tests, in addition to being tested on proving grounds, race tracks and public roads. Ahead of its official unveil, two Royal Enfield 650 prototypes has been spied at the company's Technical Center in UK.
    Pradyuman Case: CBI arrests 11th class student of Ryan International school

    Pradyuman Case: CBI arrests 11th class student of Ryan International school

    The Gurugram police arrested a bus conductor who worked at the school, Ashok Kumar, who later allegedly confessed to the murder. The report said that the doctor who conducted the autopsy in the case had said that Pradyuman was not sexually assaulted.
  • Research shows sheep can learn to recognize faces

    They say the findings could be applicable to understanding a number of neurological disorders such as Huntington's disease. Many animals have the ability to recognize same-species faces, including chimpanzees, macaque, cattle, goats and pigeons.
    Are these Stranger Things stars together in real life?

    Are these Stranger Things stars together in real life?

    But I still can't help but think Stranger Things would be stronger if it tried a more episodic approach to its storytelling. It is a very dramatic part of your life, and drama is good! Stranger Things isn't the only show guilty of this.
    Tesco bank enables Face ID 07 November 2017 17:38 GMT

    Tesco bank enables Face ID 07 November 2017 17:38 GMT

    To use Face ID within the mobile banking app, customers have to first ensure the functionality is enabled on their device. Customers just need to look at their iPhone X to start banking.
  • So the teacher said he might 'put a bullet' in his head

    So the teacher said he might 'put a bullet' in his head

    He is in the gifted program, takes multiple AP classes and is on the wrestling and football team for the school, Carr said. Then, as he began to walk away from where the student was sitting, he said: "I got a bet".
    League spokesman: Invitation to Colin Kaepernick 'isn't about a mediator'

    League spokesman: Invitation to Colin Kaepernick 'isn't about a mediator'

    This mediation would replace the series of regular meetings Goodell and some owners have been having with socially-active players. Kaepernick remains a free agent, after he opting out of his contract with the 49ers in March.

    Do You Have Devon Energy Corporation (NYSE:DVN) In Your Portfolio?

    Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. Pnc Financial Services Group Inc sold 23,327 shares as the company's stock declined 4.33% while stock markets rallied.
  • Earnings Reaction History: Avis Budget Group Inc., 75.0% Follow-Through Indicator, 9.6% Sensitive

    Its up 0.27, from 1.18 in 2017Q1. 115.24 million shares or 13.67% more from 101.39 million shares in 2017Q1 were reported. Loring Wolcott Coolidge Fiduciary Advisors Llp Ma accumulated 450 shares. 870,385 shares of the company were exchanged.
    Asher Angel to star in 'Shazam!'

    Asher Angel to star in 'Shazam!'

    He's a relative newcomer, having starred in two seasons of the Disney Channel's television show Andi Mack . Green Lantern's Mark Strong is also in talks to star as the film's main villain, Thaddeus Sivana a.k.a.
    Iran agrees to enhance security cooperation, intelligence sharing with Pakistan

    Iran agrees to enhance security cooperation, intelligence sharing with Pakistan

    The ISIS is growing in Afghanistan as a threat to region and a regional approach is required to defeat it. He also thanked the Iranian supreme leader for his supportive statement on Kashmir.