INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Frontline equity index Sensex fell for the fifth consecutive session on Tuesday on profit booking amid a buzz of capital outflow
domestic currency hit a fresh record low of 71.54 against the greenback on Tuesday, raising speculations that RBI may go for another rate
hike in October policy review
A rise in Indian bond yield and strengthening dollar also lured investors away from Indian stocks
The Sensex fell for 155 points, or 0.40 per cent, to finish at 38,157, with just six stocks advancing and 25 declining
managed to settle with gains
Asian Paints (down 3.49 per cent), State Bank of India (3.20 per cent), Adani Ports (2.95 per cent), Hindustan Unilever (2.80 per cent) and
Coal India (2.61 per cent) were the top five losers in the Sensex pack
surging crude oil prices, trade war worries and precarious health of emerging market currencies
The rupee hit a fresh record low of 71.54 against the US dollar
Investors are speculating that RBI may raise the repo rate for the third consecutive time in October
IT stocks made merry on rupee's fallShares of HCL Tech, Infosys, Tech Mahindra, TCS, Mindtree, Mphasis, Wipro and NIIT clocked decent
gains amid a fresh fall in the rupee
Infosys and TCS touched fresh 52-week highs at Rs 748.35 and Rs 2,100, respectively, on BSE
Infosys made a fresh record on Tuesday after the scrip went ex-bonus in the ratio of 1:1
The board at its meeting on July 13 had recommended a bonus issue of one equity for every share held on the record date
TCS hits Rs 8 lakh crore m-capTata Consultancy Services Tuesday became the second Indian company to attain Rs 8 lakh crore market
Shares of the company closed the day at Rs 2,093.20, up by 1.86 per cent
Reliance Industries on August 23 became the first Indian company to cross the Rs 8 lakh crore market capitalisation mark
The m-cap of Reliance Industries stood at 7,87,357.93 crore on BSE
Oil on the boilGlobal crude oil prices saw an uptick on Tuesday on tight supply as oil rigs were evacuated from the Gulf of Mexico due to a
Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane, Reuters reported
Benchmark Brent crude climbed by $1 per barrel
The oil market has been facing a shortage in supply after US imposed sanctions on Iran
Following this, shares of Indian oil marketing companies came under pressure and barring RIL, all stocks in the BSE Oil Gas index plunged
Midcaps smallcaps crumbledBSE Midcap and Smallcap indices suffered strong losses on Tuesday
The BSE Midcap index ended the day at 16,367, down 437 points or 2.60 per cent
The BSE Smallcap index suffered a loss of 349 points, or 2.04 per cent, to settle at 16,815
Realty majors suffer after SC banShares of DLF, Sunteck Realty, HDIL, Indiabulls Real Estate and Sobha fell up to 5.34 per cent
The realty stocks have been falling in the wake of a Supreme Court order that directed a ban of all construction activities in the states of
Maharashtra, Madhya Pradesh, Uttarakhand and Union Territory of Chandigarh unless a solid waste management policy was in place
52-week highs lowsAs many as 70 stocks, including IRB Infrastructure Developers, South Indian Bank, Supreme Petrochem, Tata Communications
and Unitech, hit 52-week lows on NSE.
Meanewhile, 18 stocks, including Infosys, Electrosteel Steels, Albert David, Cantabil Retail India,
GKW and Greaves Cotton, hit 52-week highs on NSE, defying the bearish market mood.
