LIVE: BSE Sensex down over 200 pts ahead of April derivatives expiry
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The benchmark BSE Sensex fell over 200 points in late morning trade today as stocks of IT, FMCG, metal, oil & gas and auto companies succumbed to profit-booking by speculators ahead of tomorrow’s monthly expiry in derivatives segment amid a weak trend at other Asian bourses.
The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19. The gauge had gained 219.39 points in the previous session.
In similar fashion, the National Stock Exchange index Nifty edged down by 37.85 points, or 0.46 per cent, to 8247.75.
Brokers said apart from offloading of positions in some bluechip stocks in view of April’s derivatives expiry tomorrow and a weak trend at other Asian markets dampened the sentiments.
Shares of Bharti Airtel fell 1.02 per cent to Rs 396.70 after company’s Q4 earnings failed to impress investors.
Country’s largest telecom company Bharti Airtel yesterday reported a 30.5 per cent jump in its March quarter’s net profit at Rs 1,255 crore.
Among other Asian markets, Hong Kong Hang Seng was down by 0.50 per cent, while financial markets in Japan are closed today for a public holiday.
The US Dow Jones Industrial Average ended 0.40 per cent higher in yesterday’s trade.
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India’s largest cinema operator is in discussions to screen key matches during the International Cricket Council Men’s T20 World Cup, in a bid to lure patrons as movies continue to struggle at the box office.
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Aadhar Housing Finance made a flattish stock market debut on Wednesday with its shares of housing finance company (HFC) getting listed at Rs 315 per share, a 0.22 per cent discount over its issue price of Rs 315 per share.
However, after listing the stock of the company moved up to 4.7 per cent at Rs 329 a piece in intraday deals on the BSE.
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