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MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Benchmark indices ended lower on global correction and weaker rupee

SI Reporter  |  New Delhi 

Benchmark indices ended lower with the Sensex falling over  200 points on global correction and weaker rupee. The S&P BSE Sensex ended at 34,949, down 216 points while the broader Nifty50 index settled at 10,633, down 55 points Banking & financials stocks pulled the markets lower with the Nifty Bank Index slipping as much as 1.3% after three straight sessions of gain, with ICICI Bank and SBI shedding 3% each.    Among indivisual stocks, M&M rose 3% after the company's March quarter earnings beat analyst expectations as profit grew by 50% ...

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MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Nifty Bank index ends 1.35% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) PUNJAB NATL.BANK 85.50 88.70 -3.20 -3.61 BANK OF BARODA 140.30 145.40 -5.10 -3.51 ICICI BANK 289.75 299.25 -9.50 -3.17 ST BK OF INDIA 263.65 272.05 -8.40 -3.09 IDFC BANK 40.95 42.10 -1.15 -2.73

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Nifty sectoral gainers and losers

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

BSE Sensex gainers and losers of the day

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Market at close   The S&P BSE Sensex ended at 34,949, down 216 points while the broader Nifty50 index settled at 10,633, down 55 points.

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Sebi begins probe into technical glitches at MCX, NSE's NOW Markets regulator Sebi has begun initial probe into technical problem with MCX's trading system and "disruption" in NSE's web-based tool NOW, senior officials said.   The National Stock Exchange (NSE) on May 24 witnessed a "disruption" in its web-based tool NOW, which allows traders to use their own software and hardware for trading on the bourse. READ MORE

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

D-Mart, Varun Beverages, Radico Khaitan, Edelweiss Financial hit new highs Shares of Avenue Supermarts that runs the D-Mart retail stores, Radico Khaitan, Varun Beverages, Edelweiss Financial Services, Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index that hit new high on the BSE in otherwise range-bound market. READ MORE  

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

India seeks gold, diamond mining rights in Russia India is seeking rights to mine for gold and diamonds in Russia's resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday. Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum. READ MORE

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Caplin Point falls 11% on disappointing Q4 results   Shares of Caplin Point Laboratories have fallen 11% to Rs 532 per share on the BSE in intra-day trade after the company’s ebitda (earnings before interest, taxation, depreciation and amortization) margin in March quarter (Q4FY18) declined 400bps to 35% from 39% in previous year quarter.   The company’s consolidated net profit during the quarter under review increased by 5.9% at Rs 353 million against Rs 333 million in the corresponding quarter of previous fiscal. Gross revenue grew 19% to Rs 1,463 million over the previous year quarter. READ MORE

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Sebi likely to allow futures trading in petrol and diesel   The Securities and Exchange Board of India (Sebi) is considering allowing futures trading in petrol and diesel, according to sources. The petroleum and natural gas ministry has already approved the proposal. Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading.   Globally, petrol and diesel derivatives are traded on the Nymex and ICE exchanges. The proposal for trading in petrol and diesel derivatives was submitted by the Indian Commodity Exchange (ICEX) eight months ago. READ MORE

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Market Check   S&P BSE Sensex 35,043.74 -0.35%   Nifty 50 10,662.15 -0.25%   S&P BSE 200 4,635.60 -0.29%   Nifty 500 9,289.75 -0.19%   S&P BSE Mid-Cap 16,083.25 -0.22%   S&P BSE Small-Cap 17,415.13 -0.06%

MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

BHEL surges 9% as Q4 profit rises more than double   Shares of Bharat Heavy Electricals Limited (BHEL) have moved higher by 9% to Rs 86.45 per share on the BSE in noon deal after the state-owned company reported a more than double standalone net profit of Rs 4.57 billion in March quarter (Q4FY18). It had a profit of Rs 2.16 billion in the same quarter last fiscal. READ MORE  

First Published: Tue, May 29 2018. 15:30 IST
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MARKET WRAP: Sensex falls 216 pts, Nifty fails to hold 10650; banks drag

Benchmark indices ended lower on global correction and weaker rupee

Benchmark indices ended lower with the Sensex falling over  200 points on global correction and weaker rupee. The S&P BSE Sensex ended at 34,949, down 216 points while the broader Nifty50 index settled at 10,633, down 55 points Banking & financials stocks pulled the markets lower with the Nifty Bank Index slipping as much as 1.3% after three straight sessions of gain, with ICICI Bank and SBI shedding 3% each.    Among indivisual stocks, M&M rose 3% after the company's March quarter earnings beat analyst expectations as profit grew by 50% ...

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