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MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Nifty Bank index ended over 1% higher led by a rise in the shares of IDFC Bank and IndusInd Bank. Reliance Industries rose 2.3% on the National Stock Exchange.

SI Reporter  |  New Delhi 

Markets ended higher on Wednesday despite mixed cues from their Asian peers amid ongoing trade war tensions between the US-China. The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points. Financials led the gains on the indexes, with HDFC Bank and HDFC rising for a second straight session. Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) and Vedanta Ltd, the local unit of diversified mining group Vedanta Resources Plc, were the top percentage gainers on the BSE and NSE. MINUTES OF THE MEETING Investors were ...

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MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

RIL rose 2.32% on the NSE. Stock quote:

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Nifty Bank index ended 1.11% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) INDUSIND BANK 1974.00 1931.50 42.50 2.20 IDFC BANK 42.05 41.15 0.90 2.19 KOTAK MAH. BANK 1326.00 1303.25 22.75 1.75 HDFC BANK 2056.00 2023.50 32.50 1.61 YES BANK 335.50 330.90 4.60 1.39

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Nifty sectoral gainers and losers of the day

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

BSE Sensex: RIL, IndusInd Bank among top gainers of the day, Coal India top loser

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Market at close   The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points.

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Wheels India rallies 30% in two days as company mulls bonus issue plan Shares of Wheels India hit a new high of Rs 2,690 per share, rising 11% from its previous close. The stock has surged 30% in past two trading sessions after the company announced that its board will consider a bonus issue proposal in their forthcoming board meeting on Friday, June 22, 2018. READ MORE

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Infra, realty firms face refinancing test of Rs 3-4 trillion: Ind-Ra A number of companies in infrastructure and real estate sectors run the highest risk of not getting refinancing on their working capital and other loans, according to India Ratings and Research (Ind-Ra).   These companies are lower in the investment grade ratings, whereas their debt on books is also relatively high. Entities rated ‘BBB’ and below historically have faced challenges in raising funds. READ MORE

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Fuel prices to fall? Tough OPEC talks likely in Vienna on hiking oil output OPEC ministers arrived in Vienna on Wednesday for crunch talks on whether to reverse a landmark pact curbing oil output, with Iran pushing back against Saudi and Russian calls to ramp up production again.    The upcoming June 22-23 meetings of OPEC and non-OPEC energy ministers are set to be the most contentious in a while, with several countries bristling at the thought of reversing a deal that has been in place for 18 months and helped lift oil prices to multi-year highs. READ MORE

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Mahindra Lifespace, Mahindra Logistics, Mahindra CIE hit 52-week high Shares of Mahindra Group were in focus with three companies - Mahindra Lifespace Developers, Mahindra Logistics, Mahindra CIE Automotive hit their respective 52-week highs on the BSE in intra-day trade on Wednesday. READ MORE

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

FedEx orders Boeing freighters for $6.6 billion FedEx Express, a unit of package delivery company FedEx Corp , has ordered 24 medium and large freighters from Boeing Co , the world's biggest planemaker said on Tuesday, as e-commerce demand boosts air freight business. READ MORE  

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Morgan Stanley on Asian markets We make further significant cuts to our index targets as macro pressure points build materially. We see downside from here for all our coverage markets near term with the Hang Seng particularly at risk.   Our new base case Target Prices imply 3% to 8% downside from current levels and that from the late Jan peaks, EM, HSCEI and CSI 300 should all enter bear market territory (drawdown > 20%) while Hang Seng, Topix, APxJ and MSCI China come close. We continue to favour MSCI China over MSCI EM, stay neutral EM versus Japan, are now also neutral CSI 300 versus MSCI China (previously preferred CSI 300) and neutral MSCI EM versus MSCI APxJ (previously preferred EM).

First Published: Wed, June 20 2018. 08:30 IST
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MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Nifty Bank index ended over 1% higher led by a rise in the shares of IDFC Bank and IndusInd Bank. Reliance Industries rose 2.3% on the National Stock Exchange.

Markets ended higher on Wednesday despite mixed cues from their Asian peers amid ongoing trade war tensions between the US-China. The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points. Financials led the gains on the indexes, with HDFC Bank and HDFC rising for a second straight session. Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) and Vedanta Ltd, the local unit of diversified mining group Vedanta Resources Plc, were the top percentage gainers on the BSE and NSE. MINUTES OF THE MEETING Investors were ...

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