Tuesday, October 9, 2018

MARKET SUMMARY OF 10-10-18


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The benchmark indices ended around 0.5 per cent lower on Tuesday after the rupee hit a fresh low of 74.27 against the US dollar and the Asian shares hit 17-month lows.The S&P BSE Sensex ended at 34,299, down 175 points, while the broader Nifty50 index settled at 10,301, down 47 points.During the day, rupee erased its initial gains to hit a new record low of 74.27 against the US dollar on Tuesday after Brent crude breached the $84 a barrel-mark again and the American currency strengthened overseas. Among the sectoral indices, the Nifty Auto index fell 2.6 per cent led by a sharp fall in Tata Motors.
The Nifty FMCG index, too, fell 2 per cent dragged by ITC.Shares of Tata Motors hit a near seven-year low of Rs 170.65 per share, down 19.8 per cent on the BSE in intraday trade on Tuesday, after the company-owned Jaguar Land Rover (JLR) on Monday, reported a 12.3% year on year (YoY) decline in global sales at 57,114 units in September, hit by lower demand in China. The stock was trading at its lowest level since December 19, 2011, on the BSE. It eventually settled 13 per cent lower at Rs 184 on the BSE.
indices settled around 2 per cent lower.
TOP GAINERS:DR REDDY,VEDLZEEL
MAJORLOOSERS: TATAMOTORS,TITAN,ASIANPAINT

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