Sensex slips 400 points; Nifty near 12,000
29/11/2019 14:38

Indian benchmarks witnessed sharp decline by trading nearly 400 points lower during the late noon trading session tracking the mixed in the Asian markets. While, the Nifty sectoral indices were trading largely in red. Nifty Metal, Nifty Auto and Nifty FMCG indexes were all down over 1 per cent each.

Meanwhile, mortgage lender Home First Finance Company on November 29 has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The housing finance company is expected to raise Rs 1,500 crore through the public issue.

On the corporate front, shares of Ujjivan Financial Services were trading higher for the sixth straight day, up 6% at Rs 346 on the BSE on Friday ahead of the subsidiary company’s Ujjivan Small Finance Bank initial public offer (IPO) due next week. While, Shares of ICICI Securities jumped 6% on BSE on November 29 after the company settled a case with market regulator SEBI.

On the currency front, the Indian rupee extended the losses and trading near day's low at 71.81 per dollar.

At 14:24 hours, the 30-share benchmark index was trading at 40731.45 down by -398.72 points or by -0.97 per cent and then NSE Nifty was at 12026.95 down by -124.2 points or by -1.02 per cent. Sensex touched intraday high of 41143.22 and intraday low of 40664.18 The NSE Nifty touched intraday high of 12147.4 and intraday low of 12017.4.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 444.20,+1.72%), NTPC Ltd. (Rs. 116.15,+0.52%), among others.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 71.50,-2.52%), Hindustan Unilever Ltd. (Rs. 2035.90,-2.38%), State Bank of India (Rs. 342.00,-1.99%), Mahindra & Mahindra Ltd. (Rs. 531.35,-1.88%), Tata Steel Ltd. (Rs. 424.25,-1.79%), among others.

Among the sectors, Power index was at 1922.79 up by 5.7 points or by 0.3%. Adani Transmission Ltd. (Rs. 303.40,+8.28%), Adani Power Ltd. (Rs. 63.80,+3.66%), Thermax Ltd. (Rs. 1023.85,+2.25%), Tata Power Company Ltd. (Rs. 57.50,+1.86%), JSW Energy Ltd. (Rs. 73.50,+1.31%),.

On the flip sideAuto index was at 18079.12 down by -231.74 points or by -1.27%. TVS Motor Company Ltd. (Rs. 473.10,-2.97%), Ashok Leyland Ltd. (Rs. 79.15,-2.82%), Motherson Sumi Systems Ltd. (Rs. 131.25,-2.20%), Mahindra & Mahindra Ltd. (Rs. 530.95,-1.96%), Apollo Tyres Ltd. (Rs. 168.00,-1.90%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2781 , shares advanced were 1170 while 1408 shares declined and 203 were unchanged.