Partner With Us NRI

Sensex drops 561 pts, Nifty below 18,300

Published on Oct 20, 2021 14:25

The domestic equity barometers were currently at the day`s low in afternoon trade. The Nifty slipped below the 18,250 mark. Realty stocks declined for second day.

At 14:24 IST, the barometer index, the S&P BSE Sensex, dropped 561.44 points or 0.91% to 61,154.61. The Nifty 50 index lost 190.95 points or 1.04% to 18,227.80.

The broader market tumbled. The S&P BSE Mid-Cap index slipped 2.62%. The S&P BSE Small-Cap index shed 2.87%.

Sellers outnumbered buyers. On the BSE, 772 shares rose and 2484 shares fell. A total of 132 shares were unchanged.

Numbers to Track:

MCX Gold futures for 3 December 2021 settlement rose 0.23% to Rs 47390.

The yield on India`s 10-year benchmark federal paper was currently at 6.381% as compared with its previous closing of 6.387%.

In the commodities market, Brent crude for December 2021 settlement shed 66 cents or 0.78% to $84.42 a barrel.

In the foreign exchange market, the partially convertible rupee rose to 74.87 from its previous closing of 75.35.

The US Dollar index (DXY), which tracks the greenback`s value against a basket of currencies, was up 0.07% to 93.80.

Buzzing Index:

The Nifty Realty index fell 2.33% to 504.05, declining for second consecutive sessions. The index has corrected by 6.97% in two sessions.

Macrotech Developers (down 4.80%), Indiabulls Real Estate (down 4.41%), Godrej Properties (down 3.95%), Sunteck Realty (down 2.60%), Oberoi Realty (down 2.44%), Oberoi Realty (down 1.84%), The Phoenix Mills (down 1.50%), Prestige Estates (down 1.26%) and DLF (down 1.01%) declined.

Stocks in Spotlight:

Taj GVK Hotels & Resorts shed 0.59% to Rs 152.40. The company reported consolidated net profit of Rs 1.18 crore in Q2 September 2021 compared with net loss of Rs 12.67 crore in Q2 September 2020. On a consolidated basis, net sales surged 433.87% to Rs 55.95 crore in Q2 September 2021 over Q2 September 2020.

Tata Steel BSL fell 1.68% to Rs 88. The company`s consolidated net profit surged to Rs 1,837.03 crore in Q2 FY22 from Rs 341.71 crore in Q2 FY21. Total revenue from operations during the quarter increased by 50.5% YoY to Rs 8,308.72 crore.

Sonata Software slumped 5.34% to Rs 915.20. The company reported 5% rise in consolidated net profit to Rs 91.2 crore on a 24% drop in revenues to Rs 963.2 crore in Q2 FY22 over Q1 FY22. As compared with Q2 FY21, the company`s net profit and revenue in Q2 FY22 have risen by 59% and 20%, respectively.

Powered by Capital Market - Live News