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.

Topics
Markets

SI Reporter  |  New Delhi 

Benchmark indices ended lower after a choppy session on Thursday with financial stocks continuing their downtrend, while fertiliser stocks gained after the continuation of a government subsidy for urea. The S&P BSE Sensex ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points.    Banking shares were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders. Fertilizer stocks rose after the Indian government decided to continue a urea ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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 indices ended lower after a choppy session on Thursday with financial stocks continuing their downtrend, while fertiliser stocks gained after the continuation of a government subsidy for urea. The S&P BSE Sensex ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points.    Banking shares were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders. Fertilizer stocks rose after the Indian government decided to continue a urea ...

image
Business Standard
177 22