Indian Share Market

Menu

Markets LIVE: Sensex, Nifty erase gains, trade flat; Tata Motors top losers

Yes Bank, HDFC, Adani Ports and Coal India are leading gains, whereas Tata Motors, ICICI Bank, Bharti Airtel and Asian Paints are top losers. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded cautious on Tuesday amid negative cues from the global markets. The IMF on Tuesday maintained India’s growth forecast for 2018-19 unchanged and called for further tightening of monetary policy. The rupee opened marginally higher against the US dollar, tracking mixed Asian currencies market. Asian shares hit 17-month lows as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. On Wall Street, the tech-heavy Nasdaq had fallen for the third straight day on Monday. Oil prices were little changed as more evidence emerged that crude exports from Iran are declining in the run-up to the reimposition of US sanctions.

10.17 am IST
Fiberweb, JMC Projects gain on new awards
Fiberweb (India) Ltd shares traded 2.97% up at Rs 45 after the company said it has received an order worth Rs 127 million.
Shares of JMC Projects (India) Ltd rose 2.99% to Rs 74.10 after the company said it has secured new orders worth Rs 514 crore.

9.30 am IST
Tata Motors shares fall 5% on JLR woes
Tata Motors shares fell as much as 5.61% to Rs 200.80 after the company said Jaguar Land Rover reported 12.3% decline in its retail sales to 57114 vehicles for September. Moreover, Jaguar Land Rover said on Monday that it will close its Solihull plant in UK for two weeks later this month after it reported a nearly 50% fall in sales to China as import duties and a trade war with the United States hurt demand. The plant will close for two weeks from 22 October. The Unite Union said no jobs would be lost as hours would be banked.

source: livemint.com

Categories:   Indian share market, Indian Stock exchange, Indian Stock Market, Indian Stock Pick, Primary Market, Stock Market

Comments

Sorry, comments are closed for this item.