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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

SI Reporter  |  New Delhi 

The benchmark indices ended flat on Wednesday. The S&P BSE Sensex ended at 36,858, up 33 points. The index  hit a fresh record intra-day of 36,947.18 earlier today. The broader Nifty50 index settled at 11,132, down 2 points. It touched an intra-day high of 11,157.15. Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India. RUPEE The rupee recovered from its initial sluggishness to trade higher by 8 paise to 68.86 against the US dollar in late morning deals, following ...

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Nifty PSU Bank ends 1.38% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) CANARA BANK 258.95 252.80 6.15 2.43 INDIAN BANK 331.90 325.05 6.85 2.11 ST BK OF INDIA 271.85 266.85 5.00 1.87 UNION BANK (I) 81.85 81.25 0.60 0.74 BANK OF INDIA 88.00 87.85 0.15 0.17

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Nifty sectoral gainers and losers of the day

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

BSE Sensex: SBI, Tata Steel, Vedanta among top gainers

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Market at close   The S&P BSE Sensex ended at 36,858, up 33 points while the broader Nifty50 index settled at 11,132, down 2 points.

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Info Edge (India) rallies 10% post Q1 results; stock hits new high Info Edge (India) has moved higher to its record high of Rs 1,492, rising 10% and extending its 8% rally on the BSE in the past two days, after the company reported a standalone net profit of Rs 630 million in June quarter (Q1FY19). The profit included Rs 160 million relating to the diminution in the carrying value of Canvera. The company posted profit of Rs 642 million in year ago quarter. READ MORE

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

INDEX WATCH INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 36889.88 36825.10 64.78 0.18 BSE 500 15013.35 14994.47 18.88 0.13 BSE MID-CAP 15663.27 15664.48 -1.21 -0.01 BSE SMALL-CAP 16268.65 16218.54 50.11 0.31 S&P BSE LARGECAP 4319.25 4313.92 5.33 0.12 > More on BSE Indices

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

IPO WATCH HDFC AMC IPO opens for subscription today. Should you invest? The initial public offer (IPO) of HDFC Asset Management Company (AMC) opens today for subscription. The issue, which remains open till July 27, comprises of up to 25457555 equity shares of face value of Rs 5 each. The price band for the offer is fixed at Rs 1,095 - 1,100 per share. Bids can be made for a minimum lot of 13 equity shares and in multiples of 13 equity shares thereafter. HDFC AMC aims to raise Rs 27.87 billion at the lower end of this price band and Rs 28 billion at the higher end READ MORE

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

EARNINGS ALERT Bhel Q1 net up 93% to Rs 1.55 bn, chairman stresses prudent strategies Power equipment maker BHEL on Wednesday posted about 93 per cent jump in standalone net profit to Rs 1.55 billion in the first quarter of the current financial year on higher revenues. Its net profit was Rs 808.2 million in the April-June quarter of last financial year, 2017-18, the company said in BSE filing READ MORE

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Reliance Securities on Alkem Labs We expect ALKEM’s domestic formulations biz (71% of sales) to clock 14% CAGR through FY18-20E driven by increasing focus on Chronic/OTC segments and new launches in the key therapeutic segments. The company generates over 85% of its total EBITDA margin from domestic business. We expect EBITDA to clock 24% CAGR (EBITDA margin expansion by 320bps to 19%) through FY18-20E driven by better product-mix and improved field force productivity and positive operating leverage. We expect stock to command premium over its peers owing to healthy return ratios (RoCE at 20% and RoE at 18.0% by FY20E) and higher exposure to India business. Recommend BUY with a target price of Rs 2,360

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Gold prices edge up ahead of US-EU trade talks Gold prices inched higher on Wednesday as the dollar held steady ahead of a meeting between the U.S. and European Commission presidents to discuss trade-related issues. Spot gold was up 0.2 per cent at $1,226.19 an ounce. US gold futures for August delivery were 0.1 per cent higher at $1,226.20 an ounce. READ MORE Gold

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Infosys, Indiabulls Ventures, Relaxo Footwears hit new high Shares of Infosys, Indiabulls Ventures, Relaxo Footwears, Bajaj Finserv, NIIT Technologies and VIP Industries were among 11 stocks from the S&P BSE500 index hitting their respective new highs on the BSE on Wednesday. READ MORE

First Published: Wed, July 25 2018. 08:15 IST
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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

The benchmark indices ended flat on Wednesday. The S&P BSE Sensex ended at 36,858, up 33 points. The index  hit a fresh record intra-day of 36,947.18 earlier today. The broader Nifty50 index settled at 11,132, down 2 points. It touched an intra-day high of 11,157.15. Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India. RUPEE The rupee recovered from its initial sluggishness to trade higher by 8 paise to 68.86 against the US dollar in late morning deals, following ...

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