INSUBCONTINENT EXCLUSIVE:
BSE Sensex Today: Losses in energy, banking and auto shares dragged the markets lowerDomestic stock markets started Monday's session on a
weak note, hut by losses in energy shares as crude oil prices spiked
The S-P BSE Sensex index fell as much as 273.7 points - or 0.73 per cent to 37,111.29 in morning, and the broader NSE Nifty benchmark moved
to as low as 10,988.80, down 87.1 points (0.79 per cent) from the previous close
window for affordable housing to revive stalled projects
Analysts awaited the release of wholesale inflation (Wholesale Price Index) data due during market hours for more clarity on the price
changes and monetary policy going forward.On Friday, the Sensex and Nifty had ended 0.76 per cent and 0.85 per cent higher, clocking a gain
of 1.09 per cent and 1.18 per cent respectively for the holiday-shortened week.J Kumar Infraprojects Flat After Winning Order For Mumbai
Metro ProjectShares of J Kumar Infraprojects were trading 0.04 per cent higher at Rs 132 after the company informed exchanges that it won an
order from Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Rail Project.J Kumar Infraprojects won orders worth Rs
342 crore for design and construction of elevated viaduct and two elevated stations namely Gaimukh of line four extension (Kasarvadavali to
Gaimukh Corridor)of Mumbai Metro Rail Project of MMRDA.Crude Oil Price Clocks Biggest Percentage Gain Since 1991Oil prices soared on Monday,
with Brent crude posting its biggest intraday percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on
Saturday shut about 5 per cent of global supply
Brent crude futures, the international benchmark for crude oil, rose by as much as 19.5 per cent to $71.95 per barrel - the biggest intraday
crude processing facilities at Abqaiq and Khurais has cut output by 5.7 million barrels per day
(Read full story here)Bharat Petroleum, Indian Oil, Asian Paints Top Percentage LosersTop Nifty GainersTop Nifty LosersTop Sensex
GainersONGC: +2.29%Tech Mahindra: +0.80%TCS: +0.74%Hindustan Unilever: +0.73%Sun Pharma: +0.53%Top Sensex LaggardsAsian Paints2.31%Reliance
with an advance-decline ratio of about 1:1
On the Bombay Stock Exchange (BSE), 921 stocks moved higher while 801 traded in the negative zone in morning deals
Saturday, after the drone attack on Saudi Aramco, global crude prices jumped almost 12 per cent, which is the biggest surge after 1988,"
said Ashish Nanda, EVP and business head-PCG, commodities and currency business, Kotak Securities."It would certainly impact emerging
countries like India in the medium term as uncertainties keep the sentiment volatile."Energy stocks plunged dragged lower by state-run oil
Hindustan Petroleum, Bharat Petroleum, Indian Oil and Reliance Industries were down 6.45 per cent, 5.62 per cent, 3.23 per cent and 1.93 per
Over 200 Points, Nifty Near 11,000At 9:25 am, the Sensex traded 209.31 points - or 0.56 per cent - lower at 37,175.68, while the Nifty was
Paints, Indian Oil, Yes Bank and Reliance Industries, trading between 2.04 per cent and 4.21 per cent lower
index opened 180.43 points lower at 37,204.56, and the broader NSE Nifty benchmark started the session at 10,994.85, down 81.05 points from
its previous close.Last week, the Sensex and Nifty had risen 1.09 per cent and 1.18 per cent to end at 37,384.99 and 11,075.90
pre-opening session, while the broader NSE Nifty benchmark dropped 81.05 points to slip below the 11,000 mark
At 9:13 am, the Nifty was down 81.05 points - or 0.73 per cent - at 10,994.85.Clear Signs Of Improvement In Industrial Production: Nirmala
SitharamanSeparate official data last Thursday showed growth in industrial production was at 4.3 per cent in July, as against 2 per cent the
of all the worries that industrial production indicators showed in the fourth quarter of 2018-19 we see a clear sign of revival in the first
quarter of 2019-20 and in July," she said, while announcing a slew of measures to boost exports as well as affordable housing.Wholesale
Inflation Data To Be Released TodayThe government is due to release data on wholesale inflation at noon
Separate official data last week showed consumer inflation stood at 3.21 per cent in August - the highest level recorded since October last
Consumer inflation data led to hopes of one more rate cut by the RBI in its upcoming bi-monthly review due in October.Government Measures To
Help Revive: FICCIThe latest measures announced by the Finance Minister in the field of real estate and exports would help provide stimulus
to the slowing economy, said Sandip Somany, president of industry body FICCI
"These new measures will provide much-needed stimulus to boost the Indian economy that is now facing the slowdown," he said.A Rs
10,000-Crore Special Window To Drive Affordable HousingThe Finance Minister also announced a special window of Rs
10,000 crore to boost affordable and middle-income housing
The government will make funding available for "net worth positive" housing projects that are not in a bankruptcy process or classified as
non-performing assets (NPAs), Nirmala Sitharaman said.The measures were announced as part of a third instalment of steps within three weeks
including a new scheme to incentivise exporters and a higher insurance cover to banks lending for exports
Announcing easier rules for lending to priority sectors, Nirmala Sitharaman said the measures could lead to export credit rising by Rs
sharply lower, as indicated by the SGX Nifty futures trading on the Singapore Exchange
Equities in other Asian markets were subdued, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.33 per cent while the
