Share markets on Thursday: Twenty eight out of 30 Sensex stocks started the session in the red.Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 800 points as rupee hit another low amid weak global cues and fears of widening current account deficit (CAD).
At 11:46am, the SP BSE Sensex was trading 780.65 points, or 2.17 per cent, lower at35,194.98while the Nifty 50 was down 242.70 points or 2.24 per centat 10,615.55.
Fears over Reserve Bank of India (RBI)turning aggressive in its monetary policy stance due to a rise in inflationary pressure also led to erosion in investors' risk-taking appetite, analysts said.Here are 10 things to know about Thursday's trading:1.
Twenty eight out of 30 Sensex stocks started the session in the red.
Prominent losers in the 30-share Sensex pack were Maruti (-1.70%), ICICI Bank (-1.83%), Reliance (-1.84%), Asian Paints (-1.97%), Mahindra Mahindra (-2.05%) and Yes Bank (-2.91%).2.
Reliance (-4.91%), Eicher Motors (-4.89%), Tech Mahindra (-3.05%), TCS (-2.95%) and Asian Paints (-2.77%) were the main laggards on Nifty pack.3.The rupee collapsedto hit anew all-time low of 73.77 against the US dollar on Thursday.4.
Caution prevailed among investors ahead of RBI'sstatement due later this week.
Analysts expect the central bank to hike the repo rate by 0.25 per cent.5.
The central bank has said it would pump Rs.
36,000 crore into money markets in October.6.
The NCLT or National Company Law Tribunal has allowed a government-nominated team to take charge of crisis-hit ILFS (Infrastructure Leasing and Financial Services).7.Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting later in the day to discuss trade deficit and its impact on rupee as well as ways to boost exports.8.
Foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,550 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,402 crore on Wednesday.9.
Globally, the dollar notched an 11-month top on the yen on Thursday as strong USeconomic data drove Treasury yields to their highest since mid-2011.
Asian stocks were pressured as borrowing costs rose at home.10.
Oil prices have reached four-year peaks.
Brent eased 18 cents to $86.11 a barrel on Thursday, while US crude fell 16 cents to $76.25.(With inputs from agencies)