INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Ignoring bullish domestic cues, investors on Dalal Street focussed on global growth concerns, as equity benchmarks Sensex and
Nifty ended lower for the first time in five sessions.
A day after the European Central Bank slashed growth forecasts and announced a new
round of economic stimulus, fears of economic slowdown grew stronger after data showed China's exports plunged 20.7 per cent in February,
way below forecast of 4.8 per cent.
Markets across the globe witnessed selling, with China's SSE Composite Index tanking over 4 per cent and
Japan's Nikkei 2 per cent.
However, a slump in crude oil prices saved Indian equity benchmarks from a much steeper fall.
Sensex fell 54
points, or 0.15 per cent, to close at 36,671.43, while the Nifty finished 23 points, or 0.21 per cent, lower at Rs 11,035.40.
The BSE Midcap
and Smallcap indices closed 0.08 per cent lower each
For the week, Sensex jumped 608 points or 1.68 per cent, whereas Nifty advanced by 172 points or 1.58 per cent
We walk you through the highlights of Friday's session
Take a look:
Equity MF inflows plumb new lowsDue to uncertainty ahead of general elections and Indo-Pak tension, inflows into equity mutual
funds fell for the fourth successive month in February, falling to its lowest since January 2017
Data released by the Association of Mutual Funds in India showed that equity inflows declined 16.8 per cent to Rs 5,122 crore last month
The cumulative mutual fund industry outflow stood at Rs 20,083 crore.
Car sales drop 1% in February Passenger vehicle sales declined 1.11
per cent to 2,72,284 units in February
Car sales declined for the seventh time this fiscal in February, as high insurance costs, liquidity tightening in the market continued to
weigh on consumer sentiment.
Arvind Fashions complaints on listing priceShares of Arvind Fashions, the demerged business of Arvind, got
listed at Rs 591.75 on the BSE
The scrip gained 4.99 per cent over its listing price to settle at Rs 621.30
Meanwhile, the company has raised a complaint about its base price
As per an ET NOW report, the company has complained to the exchanges that the base price of Rs 311 does not reflect its correct value which,
as per street estimates, comes around Rs 1,250-1,300.
Wipro falls 5 per centShares of Wipro closed 4.58 per cent down at Rs 256.50 after
Azim Premji Trust sold 2.66 crore shares of the company in a block deal on the BSE
Azim Premji Trust is part of the promoter group that held 3,36,19,97,805 shares amounting to 74.30 per cent stake in the company as of the
quarter ended December 31, 2018.
Tata Motors falls on weak JLR salesShares of Tata Motors closed 3.99 per cent down at Rs 181.65 after
global sales of its British arm Jaguar Land Rover declined 4.1 per cent to 38,288 units in February.
VA Tech Wabag bags Rs 575 crore order
VA Tech Wabag said it has secured an order worth Rs 575 crore under the National Mission for Clean Ganga scheme in Kolkata
The order is to design, build, rehabilitate and operate sewage treatment facilities and associated infrastructure
Shares of the company closed 0.78 per cent up at Rs 328.75.
Vedanta slips 2 per centVedanta shares fell 2.02 per cent to close at Rs 172.35
after global rating firm SP slashed outlook of its UK-headquartered parent Vedanta Resources on weak performance.
