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MARKETS ON THURSDAY: Crude at $80/bbl, K'taka verdict keep indices on edge

Benchmark indices slipped on Thursday, hurt by financial stocks

SI Reporter  |  New Delhi 

Sebi, markets

Nifty FMCG index ends 1.28% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) ITC 278.95 285.85 -6.90 -2.41 P & G HYGIENE 9206.30 9396.55 -190.25 -2.02 BRITANNIA INDS. 5476.75 5542.20 -65.45 -1.18 GODREJ CONSUMER 1081.05 1093.55 -12.50 -1.14 DABUR INDIA 371.35 373.85 -2.50 -0.67 Nifty Sectoral gainers and losers BSE Sensex: Top gainers and losers of the day Market at close   The S&P BSE Sensex ended at 35,149, down 239 points while the broader Nifty50 index settled at 10,683, down 58 points. HUL surpasses ITC in market cap ranking first time since February 2005 Hindustan Unilever (HUL), the fast moving consumer goods (FMCG) company, has surpassed ITC, the cigarettes major, in market capitalisation (market-cap) ranking after a gap of more than one decade.   HUL with Rs 3,424 billion market-cap overtook ITC, which have market-cap of Rs 3,415 billion at 02:59 pm; the BSE data shows. Earlier, on February 22, 2005, HUL had market-cap of Rs 319.72 billion and ITC had market-cap of Rs 318.74 billion, CapitalinePlus data shows. READ MORE JUST NOW Brent crude above $80/bbl for the first time since November 2014

Benchmark slipped on Thursday as oil prices hit their highest level since November 2014 on Thursday, with Brent crude touching $80 per barrel as supplies tighten and tensions with Iran simmer.

The S&P ended at 35,149, down 239 points while the broader Nifty50 index settled at 10,683, down 58 points.

Back home, doubts whether the Bharatiya Janata Party (BJP) could prove its majority in the southern state of also weighed on investor sentiment.

State BJP president B S Yeddyurappa was sworn in as chief minister on Thursday morning even though his party fell short of an outright majority. He has now 15 days to prove his majority in the state legislative assembly.

Among individual stocks, Reliance Communications (RCom) surged 57% to Rs 16.55 per share on the after a media report suggested that the Anil Ambani-led telecom services company and Ericsson inform National Company Law Tribunal (NCLT) in Mumbai that they are in settlement talks. RCom erased its entire 30% decline past one week.

On macro front, India’s retail inflation accelerated for the first time in four months in April, suggesting the central bank may turn hawkish at its policy meeting next month.
 
In the global markets, held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.

MSCI’s broadest index of Asia-Pacific outside Japan was little changed, while Japan’s Nikkei gained 0.4 per cent and South Korea’s KOSPI rose 0.4 per cent.

(with Reuters inputs)

First Published: Thu, May 17 2018. 15:30 IST
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MARKETS ON THURSDAY: Crude at $80/bbl, K'taka verdict keep indices on edge

Benchmark indices slipped on Thursday, hurt by financial stocks

Benchmark indices slipped on Thursday, hurt by financial stocks
Benchmark slipped on Thursday as oil prices hit their highest level since November 2014 on Thursday, with Brent crude touching $80 per barrel as supplies tighten and tensions with Iran simmer.

The S&P ended at 35,149, down 239 points while the broader Nifty50 index settled at 10,683, down 58 points.

Back home, doubts whether the Bharatiya Janata Party (BJP) could prove its majority in the southern state of also weighed on investor sentiment.

State BJP president B S Yeddyurappa was sworn in as chief minister on Thursday morning even though his party fell short of an outright majority. He has now 15 days to prove his majority in the state legislative assembly.

Among individual stocks, Reliance Communications (RCom) surged 57% to Rs 16.55 per share on the after a media report suggested that the Anil Ambani-led telecom services company and Ericsson inform National Company Law Tribunal (NCLT) in Mumbai that they are in settlement talks. RCom erased its entire 30% decline past one week.

On macro front, India’s retail inflation accelerated for the first time in four months in April, suggesting the central bank may turn hawkish at its policy meeting next month.
 
In the global markets, held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.

MSCI’s broadest index of Asia-Pacific outside Japan was little changed, while Japan’s Nikkei gained 0.4 per cent and South Korea’s KOSPI rose 0.4 per cent.

(with Reuters inputs)
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Business Standard
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MARKETS ON THURSDAY: Crude at $80/bbl, K'taka verdict keep indices on edge

Benchmark indices slipped on Thursday, hurt by financial stocks

Benchmark slipped on Thursday as oil prices hit their highest level since November 2014 on Thursday, with Brent crude touching $80 per barrel as supplies tighten and tensions with Iran simmer.

The S&P ended at 35,149, down 239 points while the broader Nifty50 index settled at 10,683, down 58 points.

Back home, doubts whether the Bharatiya Janata Party (BJP) could prove its majority in the southern state of also weighed on investor sentiment.

State BJP president B S Yeddyurappa was sworn in as chief minister on Thursday morning even though his party fell short of an outright majority. He has now 15 days to prove his majority in the state legislative assembly.

Among individual stocks, Reliance Communications (RCom) surged 57% to Rs 16.55 per share on the after a media report suggested that the Anil Ambani-led telecom services company and Ericsson inform National Company Law Tribunal (NCLT) in Mumbai that they are in settlement talks. RCom erased its entire 30% decline past one week.

On macro front, India’s retail inflation accelerated for the first time in four months in April, suggesting the central bank may turn hawkish at its policy meeting next month.
 
In the global markets, held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.

MSCI’s broadest index of Asia-Pacific outside Japan was little changed, while Japan’s Nikkei gained 0.4 per cent and South Korea’s KOSPI rose 0.4 per cent.

(with Reuters inputs)

image
Business Standard
177 22