Indices extend losses, SENSEX down 300 pts, NIFTY50 below 25,000; Bajaj Auto tanks 8% post Q2 results

Last seen, the S&P BSE SENSEX was trading at 81,195.40 levels, down 305.96 points, or 0.38%, while the NSE NIFTY50 index was trading at 24,828.15 points, down 143 points, or 0.57%. 

At 9:24 AM, the S&P BSE SENSEX was trading at 81,537.74 points, up 36.38 points, or 0.04%, while the NSE NIFTY50 index was trading at 24,946.65, down 24.65 points, or 0.1%. 

The NIFTY AUTO index was down over 2% after cautious commentary by Bajaj Auto management post Q2 results. 

Apart from auto, other sectoral indices that were trading with cuts were realty and media stocks. On the upside, PSU banks and IT stocks were trading with notable gains. 

The NIFTY PSU BANK index was trading nearly 0.5% higher at 6,648.45 levels. 

Buzzing Stocks

Crisil shares were trading over 6% higher at ₹5,097.65 apiece on the BSE after the company on Wednesday reported a 13% growth in its consolidated net profit to ₹171.55 crore for the September quarter.

The company had a net profit of ₹152 crore in the July-September period of the last fiscal.

Its total income rose to ₹833 crore in the third quarter ended September from ₹771.84 crore in the year-ago period.

Broader Market

The BSE MidCap index was trading at 48,440.88 levels, down 0.42%, while the BSE SmallCap index was trading at 57,246.64, down 0.27%. 

Global markets

Asian shares gave back early gains on Thursday as a housing policy briefing in China underwhelmed investors, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency.

Japan's Nikkei slipped 0.6% and falling property shares in China unwound the broader market's early-morning gains. The Shanghai Composite was flat and Hong Kong's Hang Seng dialled back a 2% gain to trade 0.6% higher at 0325 GMT. China's CSI300 real estate index shed 5% to hand back two days of gains.

In the overnight trade, US stocks ended higher in opposition to their global counterparts on Wednesday, and crude extended its decline on projected softening demand. Megacap growth stocks faltered, limiting the tech-heavy Nasdaq's advance.