Among the sectors, auto, bank, metal, FMCG and pharma witnessed some selling pressure, while some buying seen in the IT stocks.

Apr 08, 03:34 PM (IST)
Market Close: Indian indices ended lower but off day’s low on Monday as final hour buying helped the the Nifty to finished just above 11,600 level.

The Sensex was down 161.70 points at 38700.53, while Nifty was down 61.50 points at 11604.50. About 1070 shares have advanced, 1493 shares declined, and 161 shares are unchanged.

Tech Mahindra, Infosys, M&M, TCS and Power Grid Corp were the top gainers on the Nifty, while losers include Indiabulls Housing, IOC, Bajaj Finance, Vedanta and Yes Bank.

Among the sectors, auto, bank, metal, FMCG and pharma witnessed some selling pressure, while some buying seen in the IT stocks.

Apr 08, 03:27 PM (IST)
Rajesh Agarwal, AUM Capital said, “Markets were spooked with crude oil prices rising to their highest level since November 2018, owing to OPEC’s ongoing supply cuts & US sanctions against Iran and Venezuela. This was followed by a weak rupee that acted as a double whammy.”

With indices moving up for almost seven consecutive weeks and approaching towards all-time highs and VIX also on the higher side, short term traders preferred to book profits. As long as 11,500 is intact we believe that any fall in the market should be taken as an opportunity to accumulate quality stocks,” he added.

Apr 08, 03:22 PM (IST)
Cyient signs MOU with Government of Telangana: Cyient signed a tripartite MoU with the Govt ofTelangana and Telangana State Aviation Academy (TSAA) to develop and conduct Remote Pilot (Drone Pilot) Training and Certification Programs.

Apr 08, 03:11 PM (IST)
Adani Power has been awarded the Letter of Intent for Korba West Power Company (KWPCL). The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the Resolution Plan submitted by Adani Power.

Apr 08, 02:31 PM (IST)
Buzzing: Shares of oil marketing companies are trading lower by 1-4 percent intraday Monday after oil prices rose to their 5 months high.

Apr 08, 01:52 PM (IST)
Bhagyanagar Properties has approved the appointment of Shresha Surana as chief financial officer of the company w.e.f. April 08, 2019.

Apr 08, 01:42 PM (IST)
Market Update: Benchmark indices are trading at day’s low level with Nifty slips below 11,600 level.

At 13:41 hrs IST, the Sensex is down 218.55 points at 38643.68, while Nifty is down 75.30 points at 11590.70. About 1051 shares have advanced, 1281 shares declined, and 140 shares are unchanged.

Apr 08, 01:39 PM (IST)
Rupee Update: The Indian rupee extend the morning losses and trading near day’s low at 69.55 per dollar on Monday versus 69.22 Friday.

source: moneycontrol.com