– A sharp slide in European stocks and US index futures pulled key equity benchmark indices in India sharply lower. Metal and capital goods stocks led today’s decline due to weak demand from global markets.
– Index heavyweight RIL (Reliance Industries) blow down. Bajaj Auto declined after weak Q2 earnings. DLF edged higher in unstable trade after a steep slide in the stock during before trading session. IT stocks edged lower. Cairn India blow down to 52-week low on lower crude oil prices. Grasim Industries and Ultra Tech Cement dropped on reports that Ultra Tech Cement is eyeing the property being divested by Holcim and Lafarge in Brazil and Europe as part of their merger plans.
– Telecom stocks fell down after the Telecom Regulatory Authority of India yesterday, October, 15 2014, projected the starting price for a coming sellout of frequencies to cell phone companies whose permits are set to expire later this year. Among their stocks, CEAT scaled new record high. Strides Arcolab fell down on turning ex-dividend.