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MARKETS ON THURSDAY: Indices end higher; Sensex up 211 pts, YES Bank up 10%

Benchmark indices were higher on Thursday as investors cheered YES Bank results

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market fluctuation

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services    "Market remain range bound during most part of the day due to F&O expiry but better results from banks and improving sentiment on IT stocks lifted the index. Continued outflow of foreign money and surging oil prices added pressure on rupee and inflation trajectory. Earnings and election will be the main triggers and until then, investors are likely to take a wait and watch approach."   Nifty Pvt Bank index ends 1.14% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) YES BANK 352.40 325.25 27.15 8.35 INDUSIND BANK 1881.90 1847.75 34.15 1.85 KOTAK MAH. BANK 1185.70 1167.85 17.85 1.53 FEDERAL BANK 97.10 95.95 1.15 1.20 HDFC BANK 1930.25 1920.75 9.50 0.49 Sectoral performers BSE Sensex: Yes Bank surges 10% to end as the top gainer Market at close   The S&P BSE Sensex ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points. YES Bank rallies 9% as asset quality improves in Q4FY18 Shares of YES Bank have moved higher by 9% to Rs 353 per share on the BSE in noon deal trade after the private sector lender’s asset quality improved in March quarter (Q4FY18) sequentially.   The bank’s Gross non-performing asset (NPA) fell to 1.28% in Q4FY18 from 1.72% per cent in the December 2017 quarter. Net NPA improved to 0.64% from 0.93% previous quarter. READ MORE

ended Spril on a higher note on Thursday,  as investors cheered March-quarter results from private sector lendersYes Bank.

The S&P ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points.

Software services exporter Wipro was among the biggest drags on the index after its fourth-quarter profit missed estimates and guidance for the first quarter failed to please investors. fell as much as 4.6%, their biggest fall since September 14. The stock ended 2% lower.

Yes Bank was gained 10% on robust Q4 results.Private sector lender Yes Bank’s net profit for the March quarter rose 29% year-on-year to Rs 11.79 billion beating estimates, because of a healthy net interest income growth and stable asset quality.

The quarterly net profit for the same quarter in the previous fiscal was Rs 9.14 billion.

The 10-year US Treasury yield set a fresh four-year high of 3.035% on Wednesday, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices. But, robust corporate helped quell concerns and Asian gained.

(with Reuters inputs)

First Published: Thu, April 26 2018. 15:32 IST
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MARKETS ON THURSDAY: Indices end higher; Sensex up 211 pts, YES Bank up 10%

Benchmark indices were higher on Thursday as investors cheered YES Bank results

Benchmark indices were higher on Thursday as investors cheered YES Bank results
ended Spril on a higher note on Thursday,  as investors cheered March-quarter results from private sector lendersYes Bank.

The S&P ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points.

Software services exporter Wipro was among the biggest drags on the index after its fourth-quarter profit missed estimates and guidance for the first quarter failed to please investors. fell as much as 4.6%, their biggest fall since September 14. The stock ended 2% lower.

Yes Bank was gained 10% on robust Q4 results.Private sector lender Yes Bank’s net profit for the March quarter rose 29% year-on-year to Rs 11.79 billion beating estimates, because of a healthy net interest income growth and stable asset quality.

The quarterly net profit for the same quarter in the previous fiscal was Rs 9.14 billion.

The 10-year US Treasury yield set a fresh four-year high of 3.035% on Wednesday, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices. But, robust corporate helped quell concerns and Asian gained.

(with Reuters inputs)
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Business Standard
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MARKETS ON THURSDAY: Indices end higher; Sensex up 211 pts, YES Bank up 10%

Benchmark indices were higher on Thursday as investors cheered YES Bank results

ended Spril on a higher note on Thursday,  as investors cheered March-quarter results from private sector lendersYes Bank.

The S&P ended at 34,714, up 212 points while the broader Nifty50 index settled at 10,618, up 47 points.

Software services exporter Wipro was among the biggest drags on the index after its fourth-quarter profit missed estimates and guidance for the first quarter failed to please investors. fell as much as 4.6%, their biggest fall since September 14. The stock ended 2% lower.

Yes Bank was gained 10% on robust Q4 results.Private sector lender Yes Bank’s net profit for the March quarter rose 29% year-on-year to Rs 11.79 billion beating estimates, because of a healthy net interest income growth and stable asset quality.

The quarterly net profit for the same quarter in the previous fiscal was Rs 9.14 billion.

The 10-year US Treasury yield set a fresh four-year high of 3.035% on Wednesday, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices. But, robust corporate helped quell concerns and Asian gained.

(with Reuters inputs)

image
Business Standard
177 22