You are here: Home » Markets » News
Business Standard

Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall

All that happened in the market today

SI Reporter  |  New Delhi 

MARKETS LIVE: Indices trade in range, Nifty below 10,200; Pharma cos gain

Nifty Realty index falls 1.21% COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME OBEROI REALTY 489.90 502.50 -12.60 -2.51 480670 H D I L 41.00 41.75 -0.75 -1.80 7612827 DLF 212.90 216.05 -3.15 -1.46 4818660 INDBULL.REALEST. 201.55 204.30 -2.75 -1.35 5315912 PHOENIX MILLS 600.65 607.45 -6.80 -1.12 18448 Nifty PSU Bank index ends 2.01% lower COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME ST BK OF INDIA 241.85 248.00 -6.15 -2.48 26301939 SYNDICATE BANK 58.10 59.55 -1.45 -2.43 3872671 ANDHRA BANK 42.00 43.00 -1.00 -2.33 5221799 BANK OF INDIA 101.70 103.60 -1.90 -1.83 6495975 ALLAHABAD BANK 48.60 49.50 -0.90 -1.82 3359345 Sectoral Trend BSE Sensex gainers and losers of the day Market at close   The S&P BSE Sensex ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points. SBI hits 52-week low; down 22% in two months State Bank of India (SBI) hit a 52-week low of Rs 240.65, down 3% on the National Stock Exchange (NSE), falling below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade. READ MORE

Benchmark fell on Thursday, dragged by banking and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year.

The S&P ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points.

Among sectoral indices, the PSU Bank index was trading over 2% lower led by a fall in the of State Bank of India and Syndicate Bank. The Realty index, too, slipped nearly 1% lower due to a fall in of Indiabulls Real Estate and Oberoi Realty.

In its first policy meeting under new Fed chief Jerome Powell, the US central bank indicated that inflation should finally move higher after years below its 2% target and that the economy had recently gained momentum.

The Fed also raised the estimated longer-term "neutral" rate, the level at which monetary policy neither boosts nor slows the economy, a touch, in a sign the current gradual rate hike cycle could go on longer than previously thought.

Globally, the US dollar was on the defensive on Thursday after posting its largest loss in two months when the Fed turned out to be less hawkish than anticipated.

Worries about a potential trade war between China and the United States kept gains in Asian in check. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with South Korea's Kospi hitting six-week high, while Japan's Nikkei gained 0.2 per cent in early trade.

(with Reuters inputs)

First Published: Thu, March 22 2018. 15:31 IST
RECOMMENDED FOR YOU

Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall

All that happened in the market today

All that happened in the market today Benchmark fell on Thursday, dragged by banking and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year.

The S&P ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points.

Among sectoral indices, the PSU Bank index was trading over 2% lower led by a fall in the of State Bank of India and Syndicate Bank. The Realty index, too, slipped nearly 1% lower due to a fall in of Indiabulls Real Estate and Oberoi Realty.

In its first policy meeting under new Fed chief Jerome Powell, the US central bank indicated that inflation should finally move higher after years below its 2% target and that the economy had recently gained momentum.

The Fed also raised the estimated longer-term "neutral" rate, the level at which monetary policy neither boosts nor slows the economy, a touch, in a sign the current gradual rate hike cycle could go on longer than previously thought.

Globally, the US dollar was on the defensive on Thursday after posting its largest loss in two months when the Fed turned out to be less hawkish than anticipated.

Worries about a potential trade war between China and the United States kept gains in Asian in check. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with South Korea's Kospi hitting six-week high, while Japan's Nikkei gained 0.2 per cent in early trade.

(with Reuters inputs)
image
Business Standard
177 22

Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall

All that happened in the market today

Benchmark fell on Thursday, dragged by banking and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year.

The S&P ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points.

Among sectoral indices, the PSU Bank index was trading over 2% lower led by a fall in the of State Bank of India and Syndicate Bank. The Realty index, too, slipped nearly 1% lower due to a fall in of Indiabulls Real Estate and Oberoi Realty.

In its first policy meeting under new Fed chief Jerome Powell, the US central bank indicated that inflation should finally move higher after years below its 2% target and that the economy had recently gained momentum.

The Fed also raised the estimated longer-term "neutral" rate, the level at which monetary policy neither boosts nor slows the economy, a touch, in a sign the current gradual rate hike cycle could go on longer than previously thought.

Globally, the US dollar was on the defensive on Thursday after posting its largest loss in two months when the Fed turned out to be less hawkish than anticipated.

Worries about a potential trade war between China and the United States kept gains in Asian in check. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with South Korea's Kospi hitting six-week high, while Japan's Nikkei gained 0.2 per cent in early trade.

(with Reuters inputs)

image
Business Standard
177 22