Sensex falls 142 points to 32,659 level, Nifty below 10,100 amid weak Asian markets


The Sensex and Nifty extended losses in afternoon trade ahead of the RBI monetary policy rate decision today. While the Sensex fell 117 points to 32,684, Nifty was down 50 points to 10,070 level. Banking stocks were hit with the BSE Bankex falling 160 points to 28,298 level and Bank Nifty down 124 points to 25,000 ahead of policy rate decision. Here are the key highlights, which will affect the market today.

12:35 pm: Asian markets are down with Shanghai SE Composite Index falling (0.73 percent), Nikkei nearly 2 percent and Hang Seng (1.63 percent)  as various factors including weaker metals prices and monetary policy concerns in China soured investor risk sentiment.

12:14 pm: Tata Steel (2 percent), SBI (1.64 percent) and Tata Motors (1.28 percent)  are the top losers on Sensex.

12:11 pm: Metals, bank stocks lead losses; BSE metal index falls nearly 300 points, bankex down 143 points.

10:20 am: Indian companies have raised over Rs 1.28 lakh crore in the current fiscal so far by issuing bonds through private placement on BSE’s electronic book mechanism, the exchange said today. The BSE-BOND was launched on July 1, 2016 to facilitate online bidding for private placement of debt securities. Since then, corporate India has raised Rs 3.43 lakh crore through it.

10:14 am: Tata Steel (1.85 percent) , SBI (1.42 percent) and Bajaj Auto (1.10 percent) are among the top losers on Sensex.

9:59 am: Life Insurance Corporation of India (LIC) has invested Rs 44,000 crore in the equity markets between April-November this year, a rise of 52 per cent over the year-ago period. It had invested around Rs 29,000 crore in April-November period in the previous fiscal. In the first half of the current fiscal, the life insurance major had more than doubled its investment in equities to Rs 39,224 crore from Rs 18,000 crore in the same period last fiscal.

9:55 am: Future Group’s logistics arm Future Supply Chain Solutions has garnered Rs 195 crore ahead of its initial share offer that opens today. The company’s IPO committee has finalised allocation of over 29.35 lakh equity shares to as many as 16 anchor investors at Rs 664 per scrip, also the upper end of the price band, Future Supply Chain said. At this price, the total amount works out to be Rs 194.90 crore, it added.

9:54 am: Credit rating agency Fitch has withdrawn ratings of debt-ridden Reliance Communications for commercial reasons. “Fitch has chosen to withdraw the ratings on Rcom for commercial reasons. Accordingly, Fitch will no longer provide ratings or analytical coverage for RCom,” it said in a statement.

9:50 am: The initial public offer of Shalby Ltd, Ahmedabad-based multi-specialty hospital chain, was subscribed 20 per cent on the first day of the three-day bidding today. The IPO, which aims to raise Rs 504 crore, received bids for over 29.32 lakh shares against the total issue size of more than 1.45 crore scrips, indicating a subscription of 20 per cent, data available with National Stock Exchange (NSE) showed.

9:45 am: Reliance Industries (1.15 percent), Cipla (1.05 percent) and Infosys (0.53 percent) are among the top gainers on Sensex.

9:30 am: Rupee opens lower at 64.45 per dollar

9:15 am: Asian markets are trading mostly lower tracking overnight US markets which had closed lower.In Europe, markets closed lower as investors kept close watch on news regarding Brexit talks and economic data. German factory orders data is scheduled today. US markets came off the highs to end lower led by telecom and utilities. Dollar rose and yields flattened ahead of the Federal Reserve meeting next week.