The Indian stock market see-sawed between the negative and positive zone throughout the day and ended lower on Wednesday. The domestic market slid for a third straight day as investors continued to assess the impact of the Prime Minister’s move to ban high denomination banknotes.

Nifty closed with a gain of mere three points at 8,112, while BSE Sensex ended today’s trading with a loss of mere six points at 26,299.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 1%.

In Europe, the FTSE 100 was trading down 0.24%. DAX and the CAC 40 were trading lower by 0.3% each.

Cigarette stocks closed in red after the Union Cabinet is likely to soon consider a proposal to completely ban foreign direct investment in the tobacco sector. ITC tumbled 3.6% on the NSE.

PC Jeweller fell 8% on the BSE. Jewellery companies, whose business mainly runs on cash transactions, have been reeling under the government’s move to ban the usage of high value currency notes.

HDFC gained 2.5% to Rs 1,257 on BSE after the company said that it intends to raise Rs 2,000 crore through issue of senior, secured, non-convertible debentures on private placement basis.

Tata Global Beverages jumped 3.6%. The company reported 48% increase in consolidated net profit at Rs 108 crore for the quarter ended September 30, 2016. Tata Global Beverages had posted a net profit of Rs 73 crore in the July-September quarter a year ago.

Ambuja Cements, ACC closed lower on the BSE after Lafarge Holcim increased its shareholding to 63% of the total Ambuja shares through its subsidiary. It also increased its holding in ACC Ltd., a subsidiary of Ambuja, to 4.48%, the company said in a BSE filing.

Elgi Equipments rallied 4.4% to Rs 175 after the revenue was reported to be 8.4% below the estimate of Rs 373 cr, while net profit was reported 3% lower than the estimated figure of Rs 19 cr.

PSU Oil stocks closed in red after petrol price on Tuesday was cut by Rs 1.46 a litre and diesel by Rs 1.53 per litre.

The rupee was trading down 10 paise at 67.84 per US dollar.

Out of 1,431 stocks traded on the NSE, 809 declined and 574 advanced today. The BSE Midcap and Smallcap indices ended up.

Top 5 Nifty Gainers: Tata Motors (2.46%), Axis Bank (1.98%), BHEL (1.90%), SBI (1.44%) and GAIL (1.42%).

Top 5 Nifty Losers: Bajaj Auto (-1.88%), Hero Motocorp (-1.62%), Wipro (-1.20%), Asian Paints (-1.17%) and Dr Reddys Lab (-1.12%)

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The Indian equity market ended in the red as indices extended their losing streak for the second consecutive trading session. Nifty ended below the 200-DMA. The stock market dropped to a near five-month low and closed lower for the second straight session as automakers, real estate, metal and FMCG companies continued to extend their losses on the anticipated slowdown in spending as a result of the nationwide cash crunch. Also, negative global cues, depreciating rupee and lower crude oil prices dampened the sentiment.

Nifty closed with a loss of 188 points at 8,108, while BSE Sensex ended today’s trading with a loss of 514 points at 26,305.

Asian markets closed mixed on Tuesday amid rising fears of a rate hike by the US Federal Reserve. Nikkei 225 and Shanghai Composite closed in red while Hang Seng gained 0.5%.

In Europe, the DAX was trading marginally up. The CAC 40 and FTSE 100 gained 0.4% each.

Jet Airways fell 10.6% to Rs 380 on the BSE. The company posted a net profit of Rs 108 crore for the quarter ended September 30, 2016 as compared to Rs 87.6 crore for the quarter ended September 30, 2015.

AIA Engineering Ltd gained 1% on the BSE. The company posted a net profit of Rs 112 crore for the quarter ended September 30, 2016 as compared to Rs 99 crore for the quarter ended September 30, 2015.

Corporation Bank soared 13% to Rs 47.65 on the BSE after the bank posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.

Tata Motors tanked 10%. The company posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.

Suzlon Energy rallied 5.3%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.

The rupee was trading down 44 paise at 67.68 per US dollar.

Out of 1,526 stocks traded on the NSE, 969 declined and 498 advanced today.

Top 5 Nifty Gainers: Asian Paints (4.52%), TCS (3.83%), Infosys Ltd (2.93%), Maruti Suzuki (2.65%) and Tata Motors (2.49%).

Top 5 Nifty Losers: Lupin Ltd (-2.06%), Dr Reddys Lab (-1.99%), Tata Steel (-1.32%), Coal India (-4.86%) and Cipla (-1.04%)

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Despite a rally in the domestic equity market on Thursday, the market closed lower on Friday due to profit booking, a weaker rupee and lower crude oil prices. The market saw a secular sell-off in today’s trading session as all the sectoral indices closed in red and fell the most since February 11. Sentiment also weighed the fallout of PM Narendra Modi’s decision to demonetise currency and withdraw high denomination bank notes.

Nifty closed with a loss of 229 points at 8,698, while BSE Sensex ended today’s trading with a loss of 699 points at 26,819.

Asian shares stumbled on Friday and emerging market currencies skid lower as investors fear higher interest rates under the incoming President Donald Trump who will spark capital outflows from the region. Shanghai Composite and Nikkei 225 closed in green while Hang Seng fell 1.4%.

In Europe, the CAC 40 and FTSE are trading in red, while DAX is trading marginally up.

State Bank of India tumbled 3% on the BSE. The bank has posted a net profit of Rs 2,538 crore for the quarter ended September 30, 2016 as compared to Rs 3,879 crore for the quarter ended September 30, 2015.

Sun Pharma zoomed 3.3% after the company reported an over two-fold jump in its consolidated net profit to Rs 2,235 crore for the September quarter. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the same period a year ago.

Noida Toll Bridge Company slipped 8.6% after Supreme Court refused to stay Allahabad High Court’s order which made DND flyover toll free.

Indiabulls Real Estate zoomed 6% after the company announced that the board will meet on November 24, to consider buyback of equity shares.

The rupee was trading down 55 paise at 67.17 per US dollar.

Out of 1,479 stocks traded on the NSE, 1,348 declined and 110 advanced today.

Top 5 Nifty Gainers: SB (2.57%), Dr Reddys Lab (1.97%), Wipro (1.50%), ONGC (1.06%) and ITC Ltd (1.01%).

Top 5 Nifty Losers: Asian Paints (-7.43%), Tata Motors (-7.37%), Tata Steel (-5.35%), Maruti Suzuki (-4.86%) and HDFC (-4.80%)

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