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Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

All that happened in the market today

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SI Reporter  |  New Delhi 

Benchmark indices  fell on Monday, dragged by energy stocks such as Indian Oil Corp Ltd (IOC) and Bharat Petroleum Corp Ltd (BPCL) which declined on reports the refiners may buy stakes in GAIL (India) Ltd. The S&P BSE Sensex ended at 32,923, down 253 points while the broader Nifty50 index settled at 10,094, down 101 points. Shares in both IOC and BPCL dropped over 4 percent each, with IOC hitting its lowest since January 2017. The market participants will closely watch key developments in the parliament this week following the no-confidence motion moved by Telugu Desam Party ...

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Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Nifty Metal ends 2.67% lower COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME NMDC 117.85 126.30 -8.45 -6.69 9696169 HIND.COPPER 67.30 71.70 -4.40 -6.14 2724668 JINDAL STAIN .HI 177.50 188.85 -11.35 -6.01 273471 S A I L 68.85 72.85 -4.00 -5.49 22150121 TATA STEEL 574.00 600.20 -26.20 -4.37 12540239

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Nifty Realty cracks 2.94% COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME DLF 214.15 226.30 -12.15 -5.37 6787728 UNITECH 6.10 6.35 -0.25 -3.94 16893168 INDBULL.REALEST. 196.60 204.65 -8.05 -3.93 3682537 PHOENIX MILLS 586.65 608.65 -22.00 -3.61 97687 OBEROI REALTY 493.65 511.20 -17.55 -3.43 207255

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Sectoral

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

BSE Sensex: Power Grid Corporation of India top gainer while Tata Steel top loser for the day

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Market at close   The S&P BSE Sensex ended at 32,923, down 253 points while the broader Nifty50 index settled at 10,094, down 101 points.

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

TV Today Network falls 13% after board nod for sale of radio business TV Today Network (TVTNL) has dipped 13% to Rs 460 on the BSE in noon deal trade after the company said its board granted in principle approval for sale of radio business of the company to Entertainment Network India (ENIL) as a going concern, by way of a slump sale. READ MORE

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Gold loses sheen on subdued global cues, muted demand Gold prices drifted lower by Rs 110 to Rs 31,180 per 10 grams at the bullion market, tracking a weak trend overseas amid slackened demand from local jewellers. READ MORE

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

UltraTech to buy Binani Cement, seeks end to insolvency proceedings UltraTech Cement today said it has entered into an agreement with Binani Industries to buy 98 per cent stake in its debt ridden subsidiary Binani Cement Ltd (BCL) which is going through insolvency proceedings.   In a filing to the stock exchange, UltraTech said it will issue a comfort letter to provide Rs 7,266 crore to Binani Industries Ltd for ending insolvency proceedings against Binani Cement. READ MORE

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Europe Trade European markets were lower, as investors looked ahead to a trading week in which the Federal Reserve is likely to hike interest rates.   France's CAC, Germany's DAX and Britain's FTSE were down around 1 per cent each.

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

Buy into international funds when Indian equity returns run dry   At a time when the trailing three-month return for most equity fund categories have turned negative, one category that is still in the positive is international funds (return 4.22 per cent; source: Value Research), underlining the ability of these funds to act as portfolio diversifiers.   Like most investors globally, Indian investors too have a home bias. The bulk of their portfolio is invested in India and they are often reluctant to invest abroad. The home bias tends to get more pronounced when the Indian markets are doing well. According to experts, however, having a 10-20 per cent (of the equity portfolio) exposure to international funds can make your investment journey smoother by counterbalancing the underperformance in Indian markets. READ MORE

Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

IPO Subscription The initial public offer (IPO) of Bandhan Bank has been oversubscribed 2.30 times so far on the final day of bidding.   The Rs 4,473-crore IPO has received bids for 19.17 crore equity shares against the total offer size of 8.35 crore shares, as per data available on the NSE website.   The reserved portion of qualified institutional buyers has oversubcribed 6.08 times while the portion set aside for non-institutional investors has subscribed 0.67 times and retail 0.83 times.

First Published: Mon, March 19 2018. 15:31 IST
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Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points

All that happened in the market today

Benchmark indices  fell on Monday, dragged by energy stocks such as Indian Oil Corp Ltd (IOC) and Bharat Petroleum Corp Ltd (BPCL) which declined on reports the refiners may buy stakes in GAIL (India) Ltd. The S&P BSE Sensex ended at 32,923, down 253 points while the broader Nifty50 index settled at 10,094, down 101 points. Shares in both IOC and BPCL dropped over 4 percent each, with IOC hitting its lowest since January 2017. The market participants will closely watch key developments in the parliament this week following the no-confidence motion moved by Telugu Desam Party ...

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