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MARKET WRAP: Indices end lower as govt faces no-confidence motion

Benchmark indices erased early gains on Wednesday as the opposition parties tabled a no-confidence motion against govt

SI Reporter  |  New Delhi 

Benchmark indices erased early gains to end lower on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi’s government. For the first time in 15 years, a no-confidence motion against the government was moved and accepted in Lok Sabha today. Speaker Sumitra Mahajan said the notice, moved by the Congress, Telugu Desam Party and Sharad Pawar's Nationalist Congress Party, will be taken up on Friday. The S&P BSE Sensex ended at 36,373, down 147 points ...

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MARKET WRAP: Indices end lower as govt faces no-confidence motion

Nifty Metal Index ended 3.15% lower today. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) JINDAL STEEL 185.30 199.00 -13.70 -6.88 TATA STEEL 505.20 532.35 -27.15 -5.10 HINDALCO INDS. 212.20 219.50 -7.30 -3.33 HIND.COPPER 55.10 57.00 -1.90 -3.33 VEDANTA 203.35 210.10 -6.75 -3.21 See More

MARKET WRAP: Indices end lower as govt faces no-confidence motion

Nifty sectoral losers of the day

MARKET WRAP: Indices end lower as govt faces no-confidence motion

BSE Sensex: ONGC top gainer of the day, Tata Steel, Vedanta, Axis Bank among top losers

MARKET WRAP: Indices end lower as govt faces no-confidence motion

Market at close   The S&P BSE Sensex ended at 36,373, down 147 points while the broader Nifty50 index settled at 10,980, down 28 points.

MARKET WRAP: Indices end lower as govt faces no-confidence motion

NEWS ALERT: Cabinet approves increase in FRP of sugarcane by Rs 20/quintal

MARKET WRAP: Indices end lower as govt faces no-confidence motion

WEB EXCLUSIVE Nifty Metal index could enter a bear phase, say analysts   Metal stocks are slowly heading towards a bear phase – typically described as a fall of 20 per cent or more from peak levels – given the ongoing trade war concerns, feel analysts.   The Nifty Metal index that lost nearly 2.6 per cent in trade on Wednesday was the worst performing sectoral index on the National Stock Exchange (NSE). On a year-to-date (YTD) basis, the index has already lost over 16 per cent as compared to around 5 per cent rally in the Nifty50 index, ACE Equity data shows. READ MORE

MARKET WRAP: Indices end lower as govt faces no-confidence motion

Bandhan Bank surges 6% on healthy Q1 results; stock hits new high   Shares of Bandhan Bank surged 6% to Rs 596 on the BSE after the bank reported a strong 47.5% year on year (yoy) growth in net profit at Rs 4.82 billion in June quarter (Q1FY19), on back of strong operational income. The private sector lender had a profit of Rs 3.27 billion in year ago quarter.   The stock was trading at its highest level since listing on March 27, 2018. It gained 59% over the issue price of Rs 375. READ MORE

MARKET WRAP: Indices end lower as govt faces no-confidence motion

UltraTech Cement first-quarter profit beats estimates   UltraTech Cement on Wednesday reported a first-quarter net profit of Rs 5.98 billion ($87.15 million), beating street estimates. Revenue from operations stood at Rs 86.55 billion.

MARKET WRAP: Indices end lower as govt faces no-confidence motion

Stocks at 52-week low COMPANY PRICE() 52 WK LOW CHG() CHG(%) ADVANCE. ENZYME. 204.80 204.00 -2.00 -0.97 APAR INDS. 612.15 610.65 -10.50 -1.69 BEML LTD 772.25 761.80 -17.05 -2.16 BHARAT ELECTRON 99.30 99.05 -4.75 -4.57 BHARTI AIRTEL 336.15 331.20 -6.10 -1.78 » More on 52 Week Low

MARKET WRAP: Indices end lower as govt faces no-confidence motion

From HSCC to Central Electronics, strategic sale of 5 PSUs likely in FY19   The Department of Investment and Public Asset Management (Dipam) has carefully examined 30 strategic sale candidates and earmarked five — HSCC, Engineering Projects India, Pawan Hans, Scooters India and Central Electronics — which it is confident of selling in 2018-19.   The move comes after the government failed to find a single bidder for Air India, threatening to derail the Rs 800 billion disinvestment target for the current financial year. READ MORE

MARKET WRAP: Indices end lower as govt faces no-confidence motion

Market Check INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 36465.36 36519.96 -54.60 -0.15 BSE 500 14747.50 14786.73 -39.23 -0.27 BSE MID-CAP 15240.21 15376.11 -135.90 -0.88 BSE SMALL-CAP 15862.09 15966.18 -104.09 -0.65 S&P BSE LARGECAP 4253.97 4258.84 -4.87 -0.11 > More on BSE Indices

First Published: Wed, July 18 2018. 08:15 IST
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MARKET WRAP: Indices end lower as govt faces no-confidence motion

Benchmark indices erased early gains on Wednesday as the opposition parties tabled a no-confidence motion against govt

Benchmark indices erased early gains to end lower on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi’s government. For the first time in 15 years, a no-confidence motion against the government was moved and accepted in Lok Sabha today. Speaker Sumitra Mahajan said the notice, moved by the Congress, Telugu Desam Party and Sharad Pawar's Nationalist Congress Party, will be taken up on Friday. The S&P BSE Sensex ended at 36,373, down 147 points ...

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