Sensex falls 400 pts, Nifty around 10,100; Bharti Airtel slides 5%

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:         
                                         Selling pressure has dominated on the market on Thursday morning, with the Nifty trading below 10,150. The Sensex is down over 250 points.

Energy names continue to trade in the red, along with metals, automobiles, infrastructure and banking names. The midcap index is down around a percent as well.

The Sensex is down 268.84 points or 0.79% at 33765.12, while the Nifty is down 81.30 points or 0.80% at 10143.50. The market breadth is negative as 419 shares advanced, against a decline of 1,058 shares, while 2,118 shares were unchanged.

Wipro and TCS are the top gainers, while Bharti Airtel, IndusInd Bank, and Indiabulls Housing have lost the most.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 2.80% while the Hang Seng is down 1.82%. The Shanghai Composite is not trading.

• US Markets: Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon.

• European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.11%, while the DAX led the CAC 40 lower. They fell 0.73% and 0.29% respectively.

Major Headlines of the day:

•   Ambuja Asian shares slump as Wall Street erases all of 2018 gains.

•   Rupee US markets plunge; S&P 500, Dow erase 2018 gains.

• Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 97 points or 0.95 percent. Nifty futures were trading around 10,140- level on the Singaporean Exchange.

• Oil prices fall 1% amid global stock market slump

•   Results to be announced today :- Aptech,Bharti Airtel,BHEL,Biocon,Ceat,CG Consumer,DB Corp,Dish TV,Force Motors,JM Financial,JSW Steel,Kajaria Ceramic,Maruti Suzuki,Oriental Bank,Piramal Enter,Praj Industries,PVR,Quess Corp,Raymond,Shriram Trans,Tata Coffee,Yes Bank.

Trend in FII flows:-  The FIIs were Net Value of Rs  -2046.54 segment while the DIIs were Net Value of  1873.51 per the provisional figures.

Securities in Ban For Trade Date 25-OCTOBER-2018
1.Adanient
2.Adanipower
3.Dhfl.

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