You are here: Home » Markets » News
Business Standard

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

Benchmark indices ended lower on global correction and weaker rupee

Topics
Bse  |  Sensex  |  Nse

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% ...

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

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

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
RECOMMENDED FOR YOU

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% ...

image
Business Standard
177 22
.