At 10.19 am, benchmark indices were down 0.50 per cent. Brokers said persistent selling by participants following weaker-than-expected earnings by some companies dampened market sentiments. (Photo: Reuters)
10.28 am: Eicher Motors has sold 44,522 units in October 2015, registering a growth of 71 per cent as compared to 26,039 units sold in October 2014. The company’s domestic sales stood at 44,138 units, up by 73 per cent as against 25,510 units in October 2014. However, export of the company declined 27 per cent to 384 units as compared to 529 units sold in October 2014. The share price of Eicher Motors were trading 0.75 per cent up at Rs 17,895. The BSE Auto index was up 0.51 per cent at 18,259.31.
10.19 am: Benchmark indices were down 0.50 per cent in the morning trade. Brokers said persistent selling by participants following weaker-than-expected earnings by some companies and a weak trend at other Asian markets after weak Chinese manufacturing
data for October fuelled fears about the state of the world’s number two economy mainly dampened the sentiment.
10.13 am: Meanwhile, Coffee Day Enterprises made a weak debut on bourses. Coffee Day Enterprises shares opened at Rs 317 on NSE, below its initial public offering price of Rs 328 on its market debut on Monday. On BSE, shares of Coffee Day Enterprises opened at Rs 313. At 10.13 am, shares of Coffee Day were trading at 294.85 apiece.
9.56 am: LIC Nomura Mutual Fund has launched the LIC Nomura MF Exchange Traded Fund- CNX Nifty, an open ended other ETF scheme. The NFO opens for subscription on November 02, 2015 and closes on November 16, 2015. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and thereafter multiples of Rs 1 during NFO.
9.50 am: The rupee fell by 16 paise to 65.43 against the dollar in early trade today on sustained foreign fund outflows amid increased demand for the US currency from importers. Nifty was down 33.75 points at 8,032.05.
9.38 am: Sensex was down 112 points at 26,543. Titan Company share price declined as much as 5.36 per cent in the early trade on Monday after the Tata Group firm on Friday reported 39.41 per cent decline in net profit at Rs 145.39 crore for the second quarter ended September 30, hurt by sharp drop in income from jewellery business. The company had posted a net profit of Rs 239.98 crore in the same quarter last fiscal.
9.27 am: Sensex was down 79.88 points at 26,576.95. Shares of Tata Motors jumped over 1.4 per cent as the company on Sunday reported 1 per cent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year. Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month.
9.15 am: The BSE Sensex and NSE Nifty opened on a flat note on Monday. Sensex opened 15.14 points down at 26641.69. Nifty opened 11.25 points down at 8,054.55.
Sensex figures were not updating in the opening trade.
Coffee Day Enterprises Ltd will be listed on the both BSE and NSE today.
Asian stocks slid on Monday after soft Chinese factory surveys stoked global growth concerns, while the dollar edged back against the safe-haven yen as risk appetite waned. Hang Seng, Nikkei and Shanghai were down 0.41 per cent, 1.87 per cent and 0.27 per cent, respectively.
China’s factory activity fell for an eighth straight month in October, the Caixin purchasing manager’s index (PMI) showed, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.
Wall Street on Friday was hit by downbeat corporate earnings, which dragged down Nikkei futures trade on Monday morning before the cash market opened.
Back home, Sensex and Nifty fell for the fifth consecutive day on Friday as quarterly results from ITC and Larsen & Toubro disappointed investors and raised concerns about the health of the corporate sector. The sentiments were also affected after Moody’s projected that RBI will keep rates on hold for the remainder of 2015, with a small chance of another cut early next year. Sensex closed 181.31 points down at 26,656.83 while Nifty settled 45.95 points down at 8,065.80.
(With inputs from agencies)
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