Market live: Sensex drops by 400 pts; Nifty ends at 10,030, Yes Bank loses its shine drops by 9%

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Market live: Sensex drops by 400 pts; Nifty ends at 10,030, Yes Bank loses its shine drops by 9%
Reuters
By ZeeBiz WebTeam
Updated: Fri, Oct 26, 2018
04:39 pm
Mumbai, ZeeBiz WebDesk
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Asian shares wobbled in early Friday trade, struggling to shake off the previous day`s global markets rout, after weak results from tech giants Alphabet Inc and Amazon.com heightened concerns over world trade and economic growth. The shaky start for regional bourses came despite a bounce on Wall Street overnight, which was helped by bargain-hunting and positive earnings from Microsoft Corp. Those gains were put into perspective, however, as shares of both Amazon.com Inc and Alphabet Inc fell sharply after the closing bell on disappointing earnings, according to a Reuters report.

BSE Sensex today plunged by 297.40 points, or 0.88 per cent, to 33,392.69. The index has lost 344 points on Thursday.  The NSE Nifty also declined by 101.45 points, or 1 per cent, to 10,023.45  in early trade today.

Sensex, Nifty endes in Red today.

BSE Sensex closes at 33,349.31 drops by 340.78 points or 1.01%, whereas Nifty 50 closes at 10,030 slips by 94.90 points or 0.94%.

Yes Bank loses its shine closed at Rs 181.25 per piece drops by 8.62%; losers list extended with Axis Bank at Rs 535 low by 4.46%, IndusInd Bank at Rs 1445.10 low by 3.14%, TCS at Rs 1799.60 low by 2.86% and Kotak Bank closed at Rs 1155.80 down by 2.76%.

Top 5 gainers on BSE Sensex were Tata Motors closed at Rs 168.85 jumps by 2.09%, Reliance at Rs 1044.70 up by 1.41%, Bajaj Auto at Rs 2505.55 up by 1.13%, Bharti Airtel Rs 299 up by 1.06% and Tata Steel at Rs 551.10 high by 0.83%.

16:20 PM: Here is how Indian Overseas Bank has performed during Q2FY19.

16:15 PM: S&P BSE Information Technology sector ended at 13477.25 down by 282.55 points or 2.05%.
Top gainers on IT Index were Intellect Design Arena closed at Rs 228 high by 7.02%, L&T Technology at Rs 1559.40 high by 6.84%, Mastek at Rs 439 high by 6.37%, Hinduja Global Solutions at Rs 677 up by 6.01% and Nelco at Rs 247.75 high by 3.92%. 

16:00 PM: S&P BSE Oil & Gas Index ended low at 12930.87 low by 54.72 points or 0.42% where the worst performers were ONGC closed at Rs 151.85 per piece low by 2.47%, IGL at Rs 249.65 low by 1.62%, IOC at Rs 137.10 low by 1.15%, Hind Petrol at Rs 224.55 down by 0.84% and Castrol India at Rs 145.25 dips by 0.79%.

15:20 PM: Here is how DrReddys has performed during Q2FY19.

15:10 PM: 

15:00 PM: With just few minutes left for market hours to close, Sensex drops over 300 pts; ITC shares have droped nearly 3% after announcing its result for Q2FY19, currently it is trading at Rs 281.25 per piece low by Rs 6 or 2.09% at around 1508 hrs. Despite clocking 12% growth in Q2FY19 PAT, ITC posted a net profit of Rs 2,954.67 crore which was up by 4.82% from Rs 2,818.68 crore in the corresponding period of previous year. Q2FY19 net profit however surged by much higher growth rate by 11.93% as against Rs 2,639.84 crore in the preceding quarter.
On the other hand, ITC's revenue from operation was at Rs 11,272.51 crore higher by 3.66% compared to Rs 10,874.5 crore a year ago same period. Also it was up by 15.45% from Rs 9,763.92 crore in Q1FY19. 

14:55 PM: Here is how BEL has performed during Q2FY19.

14:00 PM: S&P BSE Sensex trading at 33,510.31 down by 139.81 points or 0.41% at around 1346 hrs
Top gainers on BSE Sensex are Tata Motors at Rs 169.40 high by 2.42%, Reliance at Rs 1047.80 up by 1.71%, Here motocorp at Rs 2739.50 up by 1.67%, Bajaj Auto at Rs 2516.70 up by 1.58% and Tata Steel at Rs 552.60 up by 1.11% at around 1349 hrs.

13:28 PM:  Subros results better then its expectations, profit of 58% in Q2FY19.

12:30 PM: Here is how Panama petrochem has performed during Q2FY19

11:15 AM: Gold prices rose by Rs 10 to Rs 33,310 per 10 gram on Friday due to the festive and wedding season demand by local jewelers amid firm global trends and weakening rupee.

11:00 AM: Know which share Rakesh Jhunjhunwala bought when the market was trading low.

10:30 AM: Top three Index which can also be the reason for down fall of Market are S&P BSE SmallCap trading at 13544.57 low by 0.43%, S&P BSE MidCap trading at 13834.59 low by 0.36% and S&P BSE 500 trading at 13386.86 down by 0.42% at around 1030 hrs.

10:20 AM: Sensex plunges below 250 points.

10:05 AM: S&P BSE Sensex trading at 33,452.24 down by 33,452.24 points or 0.71% at around 1002 hrs
Whereas in the losers list Yes bank is the top loser trading at Rs 184.75 low by 6.43% followed by NTPC at Rs 156.55 low by 3.27%, Asian Paints at Rs 1179.10 low by 1.79%, TCS at Rs 1822 down by 1.65% and Infosys at Rs 639 down by 1.59% at around 1002 hrs.

10:00 AM: 

09:50 AM: S&P BSE Sensex trading at 33,414.30 down by 275.79 points or 0.82% at around 0952 hrs
Top gainers on BSE Sensex are Tata Motors trading at Rs 168.50 up by 1.87%,Tata Steels at Rs 554.15 up by 1.39%, Adani ports at Rs 306.20 up by 0.57%, Reliance at Rs 1034.40 up by 0.41% and Hero motocorp at Rs 2691.10 up by 0.13% at around 0951 hrs.

09:40 AM: Sensex and Nifty opens in Red, Currently BSE Sensex is trading at 33,348.79 down by 341.30 points or 1.01%; Nifty at 10,012.85 low by 112.05 points or 1.11% at around 0938hrs.

09:25 AM: Get to know Maruti and Yes bank results of Q2FY19.

09:15 AM: Market opens in red.

09:00 AM: The Q2FY19 results of ICICI bank, Eros media, Jindal stainless, ITC, Mahindra lifespace developers, Edelweiss Financial Services will be in focus today.

08:50 AM: 

08:40 AM: Get the performance update of top companies in Q2FY19 results announcement which was declared on Thursday after the Indian market were closed.