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Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

All that happened in the markets today.

SI Reporter  |  New Delhi 

The domestic indices ended nearly 1% lower on Wednesday taking cues from recent developments in the banking sector. That apart, global developments are also kept market sentiment in check. The S&P BSE Sensex ended the day at 33,033, down 284 points while the broader Nifty50 index settled at 10,154, down 95 points. Among sectoral indices, the Nifty PSU Bank index declined 3.57% on Wednesday led by a fall in the shares of Andhra Bank, Canara Bank and Allahabad Bank. Senior officials from Axis Bank on Tuesday appeared before the Serious Fraud Investigation Office ...

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Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

BSE Smallcap: Teamlease, Sagar Cements top gainers for the day, NECC top loser

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

Nifty PSU Bank index extends losses, ends over 3% lower

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

BSE Midcap: Vakrangee, Central Bank of India among top gainers of the day, Adani Enterprises top loser

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

Sectoral Trend

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

Sensex Heatmap

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

Markets at Close Th S&P BSE Sensex ended the day at 33,033, down 284 points while the broader Nifty50 index settled at 10,154, down 95 points

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

IIFL on Cement sector   Although dealers indicate scepticism on price increases in March, producers have increased prices in March every year following increased availability of labour after Holi since 2003.   While higher input costs, heightened competition, and increased stringency in overloading restrictions are likely to put some pressure on margins, higher-than-expected volume growth is likely to partially offset the same.    We expect utilisation to cross the 70% mark in FY19 after a five-year gap and enhance pricing power of producers over the next two years. However, robust demand growth over the past two quarters has renewed optimism and led to producers considering capacity expansions. Utilisation crossing the 75% mark for the industry remains elusive

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

FDC, V-Mart Retail hit record highs in weak market   FDC and V-Mart Retail have hit their respective record highs by surging up to 11% on the BSE in intra-day trade in otherwise weak market.   FDC has rallied 11% to Rs 319 in early morning trade on back of heavy volumes. The trading volumes on the counter jumped more than 10-fold with a combined 1.05 million shares changed hands on the BSE and NSE.

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

TeamLease Services surges 17% as RBI raises FPI investment limit   TeamLease Services surged 17% to Rs 2,387 on the BSE in intra-day trade on Wednesday, in an otherwise weak market after the Reserve Bank of India (RBI) raised the investment limit for foreign portfolio investors (FPIs) in the company to 75% on Tuesday.   Currently, FPIs hold 24.64% stake in TeamLease Services, one of India’s leading human resource service companies in the organized segment.   “The Reserve Bank of India has notified that the Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in TeamLease Services has increased from 24% to 75% of its paid up capital,” the RBI said in a press release.

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

Edelweiss on GMR Infra   We have valued GMR at Rs 29/share, using SOTP approach. While near-term weakness in airport division’s performance is likely due to implementation of tariff order in Delhi airport, steady traffic spurt in airports and improving volumes in power/road assets are envisaged to boost the company’s fortunes. Regulatory upsides in existing airports, new airport wins in India and asset monetisation will be key stock drivers, in our view. We initiate coverage with ‘BUY’ recommendation.

Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

BSE 500 index: Top five losers COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME JP ASSOCIATES 14.85 16.15 -1.30 -8.05 12812392 ADVANCE. ENZYME. 215.00 233.75 -18.75 -8.02 50990 VA TECH WABAG 479.90 521.60 -41.70 -7.99 40998 DEEPAK NITRITE 240.35 259.10 -18.75 -7.24 48269 FORTIS HEALTH. 150.00 161.20 -11.20 -6.95 2998008

First Published: Wed, March 07 2018. 15:30 IST
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Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

All that happened in the markets today.

The domestic indices ended nearly 1% lower on Wednesday taking cues from recent developments in the banking sector. That apart, global developments are also kept market sentiment in check. The S&P BSE Sensex ended the day at 33,033, down 284 points while the broader Nifty50 index settled at 10,154, down 95 points. Among sectoral indices, the Nifty PSU Bank index declined 3.57% on Wednesday led by a fall in the shares of Andhra Bank, Canara Bank and Allahabad Bank. Senior officials from Axis Bank on Tuesday appeared before the Serious Fraud Investigation Office ...

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