You are here: Home » Markets » News
Business Standard

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Catch all the market action here.

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE
Markets, Stocks, BSE, NSE

Benchmark ended lower after a choppy session on Thursday with financial continuing their downtrend, while fertiliser gained after the continuation of a government subsidy for urea.

The S&P ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points. 
 
Banking were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Globally, stock across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific outside Japan dropped 0.45 per cent.

(with inputs from Reuters)

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services   Market continued to consolidate in a narrow range following mixed trend in global market. World Bank prediction of 7.3% growth in FY19 will give a positive long term sentiment but global trade concerns and skepticism on upcoming state election will refrain market for a decisive up move. Mid & small cap outperformed as investors started accumulating stock in the oversold levels.

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Top PSU Bank losers COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME BANK OF BARODA 143.75 145.75 -2.00 -1.37 13300362 ST BK OF INDIA 253.70 257.05 -3.35 -1.30 18337435 PUNJAB NATL.BANK 98.55 99.30 -0.75 -0.76 42910773 UNION BANK (I) 101.25 102.00 -0.75 -0.74 8989464 ORIENTAL BANK 100.85 101.15 -0.30 -0.30 6731559    

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

BSE Smallcap: MMTC top gainer, TPL Plastech top loser

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

BSE Midcap: Central Bank of India top gainer of the day, Rajesh Exports top loser

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Sectoral Trend

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

BSE Sensex gainers and losers for the day

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Market at close   The S&P BSE Sensex ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points.

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Buzzing Stock Birla Corporation rose 6.03% to Rs 796 on BSE on bargain hunting after a recent slide. On the BSE, 15,000 shares were traded in the counter so far compared with average daily volumes of 9,069 shares in the past two weeks. The stock had hit a high of Rs 824 and a low of Rs 752 so far during the day.

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

HG Infra rises 8% after emerging as lowest bidder for EPC project Shares of HG Infra Engineering have moved higher by 8% to Rs 294 per share on the BSE in noon deal in otherwise subdued market after the company said it has been declared, lowest bidder (L-1) for new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lane with paved shoulder configuration from Kundal to Jhadol in the state of Rajasthan. The completion period is 18 months. READ MORE

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

IPO WATCH: HAL   Reco: Subscribe   Revenue CAGR of 5.5% over FY14-17 was led by robust growth of 13% CAGR in services business. During this period, share of service revenues jumped from 23% to 32%. With the upgrade of major fleets of the Indian Defence forces on the anvil, we believe this segment would continue to witness robust growth going forward. Growth would also be led by the execution of LCA (Tejas), Sukhoi, LCH, UAV and development of indigenous spares and engines. Orderbook of Rs.684bn provides strong revenue visibility for the company over the next five years.   We believe the stock is attractively priced given strong earnings potential and humungous domestic aero defence opportunities.   (Source: IIFL)

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Market check S&P BSE Sensex 33,726.03 -0.32%   Nifty 50 10,368.90 -0.40%   S&P BSE 200 4,536.12 -0.19%   Nifty 500 9,136.35 -0.17%   S&P BSE Mid-Cap 16,396.33 0.50%   S&P BSE Small-Cap 17,738.05 0.71%

First Published: Thu, March 15 2018. 15:30 IST
RECOMMENDED FOR YOU

Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Catch all the market action here.

Benchmark ended lower after a choppy session on Thursday with financial continuing their downtrend, while fertiliser gained after the continuation of a government subsidy for urea.

The S&P ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points. 
 
Banking were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Globally, stock across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific outside Japan dropped 0.45 per cent.

(with inputs from Reuters)

image
Business Standard
177 22