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Sensex ends 145 pts down, Nifty at 10,501; PNB crashes over 10%

All that happened in markets today.

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE, SENSEX
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Top Sectoral losers: Nifty PSU Banks cracks nearly 5% Sectoral Trend Sensex losers and gainers Market at close The benchmark indices ended in negative on Wednesday, taking cues from its key Asian peers. Shares of Punjab National Bank crashed 10% after the bank reported some 'fraudulent and unauthorised' transactions worth about $1.77 billion at one of its branches in Mumbai. The S&P BSE Sensex ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points. NCC surges 9% on strong Q3 results   NCC has rallied 9% to Rs 130 on BSE after the company reported 72% year on year (Y-o-Y) growth in net profit at Rs 1,004 million in December quarter (Q3FY18), on back of healthy operational performance. The construction & engineering company had profit of Rs 583 million during the same quarter last fiscal.   However, the operational revenue during the quarter declined 2.7% to Rs 18,507 million from Rs 19,037 million in the corresponding quarter of previous fiscal. READ MORE Idea Cellular board approves equity issue of up to Rs 35-bn through QIP   Telecom major Idea Cellular today said its Board has accorded final approval for issuing equity shares for up to Rs 3,500 crore through Qualified Institution Placement (QIP) route.   "The Board of Directors at its meeting today has accorded final approval for issuance of equity shares for an amount not exceeding Rs 3,500 crore by way of QIP to the eligible investors...," Idea Cellular said in a BSE filing. READ MORE

The benchmark indices ended lower on Wednesday taking cues from its key Asian peers.

The S&P ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points.

Among stocks, Punjab National Bank (PNB) declined 10% on during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Bank index slipping around 5%.

In global markets, Asian ended mixed in cautious trade Wednesday ahead of Lunar New Year holidays and the US inflation report due later in the day, which may provide further cues on interest-rate changes in the world's largest economy.

Japanese hit a four-month low as the dollar slid to a 15-month low against the yen and data showed the country's GDP grew at a slower than expected 0.5 percent annual pace in the fourth quarter, marking the eighth straight quarter of expansion.

The Nikkei average dropped 90.51 points or 0.43 per cent to 21,154.17, the lowest closing level since October 12, 2018. The broader Topix index closed 0.82 per cent lower at 1,702.72 amid across-the-board selling.

Chinese eked out modest gains in thin trade ahead of the week-long Lunar New Year holiday starting on Thursday. The benchmark Shanghai Composite index rose 14.20 points or 0.45 per cent to 3,199.16. Hong Kong's Hang Seng index was up as much as 2.5 per cent in late trade after having shed over 9 per cent last week.


(with Reuters inputs)

First Published: Wed, February 14 2018. 15:31 IST
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Sensex ends 145 pts down, Nifty at 10,501; PNB crashes over 10%

All that happened in markets today.

All that happened in markets today.
The benchmark indices ended lower on Wednesday taking cues from its key Asian peers.

The S&P ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points.

Among stocks, Punjab National Bank (PNB) declined 10% on during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Bank index slipping around 5%.

In global markets, Asian ended mixed in cautious trade Wednesday ahead of Lunar New Year holidays and the US inflation report due later in the day, which may provide further cues on interest-rate changes in the world's largest economy.

Japanese hit a four-month low as the dollar slid to a 15-month low against the yen and data showed the country's GDP grew at a slower than expected 0.5 percent annual pace in the fourth quarter, marking the eighth straight quarter of expansion.

The Nikkei average dropped 90.51 points or 0.43 per cent to 21,154.17, the lowest closing level since October 12, 2018. The broader Topix index closed 0.82 per cent lower at 1,702.72 amid across-the-board selling.

Chinese eked out modest gains in thin trade ahead of the week-long Lunar New Year holiday starting on Thursday. The benchmark Shanghai Composite index rose 14.20 points or 0.45 per cent to 3,199.16. Hong Kong's Hang Seng index was up as much as 2.5 per cent in late trade after having shed over 9 per cent last week.


(with Reuters inputs)

image
Business Standard
177 22

Sensex ends 145 pts down, Nifty at 10,501; PNB crashes over 10%

All that happened in markets today.

The benchmark indices ended lower on Wednesday taking cues from its key Asian peers.

The S&P ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points.

Among stocks, Punjab National Bank (PNB) declined 10% on during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Bank index slipping around 5%.

In global markets, Asian ended mixed in cautious trade Wednesday ahead of Lunar New Year holidays and the US inflation report due later in the day, which may provide further cues on interest-rate changes in the world's largest economy.

Japanese hit a four-month low as the dollar slid to a 15-month low against the yen and data showed the country's GDP grew at a slower than expected 0.5 percent annual pace in the fourth quarter, marking the eighth straight quarter of expansion.

The Nikkei average dropped 90.51 points or 0.43 per cent to 21,154.17, the lowest closing level since October 12, 2018. The broader Topix index closed 0.82 per cent lower at 1,702.72 amid across-the-board selling.

Chinese eked out modest gains in thin trade ahead of the week-long Lunar New Year holiday starting on Thursday. The benchmark Shanghai Composite index rose 14.20 points or 0.45 per cent to 3,199.16. Hong Kong's Hang Seng index was up as much as 2.5 per cent in late trade after having shed over 9 per cent last week.


(with Reuters inputs)

image
Business Standard
177 22