stock market news 24.09.2018

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D-Street erases some losses, Sensex down 400 points; Nifty around 11,000


Automobiles, banks, metals, pharma, and FMCG are all trading lower. Nifty Midcap index is down 3 percent


AVIATION DATA 
According to reports on CNBC-TV18, the domestic air passenger traffic growth has dipped to 17.2 percent against 20.8 percent month on month. Jet Airways reported passenger load factor (PLF) of 82 percent against 83.9 percent in the previous month.
Meanwhile, Spicejet’s PLF was reported at 93.6 percent. IndiGo reported PLFs of 82.8 percent, a fall from 88.7 percent seen during the previous month.
The channel also reported market share data for aviation companies.
Air India: 12.7 percent against 12.4 percent in the previous month.
IndiGo: 41.9 percent against 42.1 percent in the previous month.
SpiceJet: 12.4 percent against 12. 3 percent in the previous month.
Jet Airways: 13.8 percent against 13.6 percent in the previous month.
GoAir: Unchanged at 8.9 percent.

MARKET OUTLOOK
Dipan Mehta, member of BSE and NSE told CNBC-TV18 that investors could stay out in the current market scenario as a bottom needs to be waited for. “Few quality NBFC names such as Bajaj Finance, Cholamandalam, and HDFC etc are at attractive levels. Once things settle down, you can expect these stocks to return compounded returns over the time,” he told the channel.
There’s all-round selling seen among all sectors. Take a look at how they are performing at this point.
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