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MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

The markets ended flat ahead of Karnataka election outcome

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Bse  |  Sensex  |  Nse

SI Reporter  |  New Delhi 

The markets ended flat ahead of Karnataka election outcome, which will be known on Tuesday. The S&P BSE Sensex settled at 35,557 up 21 points while the braoder Nifty50 index ended at 10,806, up 0 points Meanwhile, shares of mid-and small-cap companies were under pressure with 68 stocks from these indices hitting their respective 52-week lows on the BSE in intra-day trade on Monday. Dena Bank, Oriental Bank of Commerce, IDFC Bank, IFCI and UCO Bank from the banks and financials, Anant Raj Industries, Atlanta, Housing Development and Infrastructure (HDIL), ...

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MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services   "Market traded range bound as all eyes turned cautious ahead of tomorrow’s Karnataka state election verdict and CPI inflation data later in the day. WPI inflation accelerated to 3.18% in April due to surge in fuel and food prices which may have a negative impact on CPI inflation and is expected to surge to 4.41% vs 4.28% in March. Consequently, rupee & bond yield will continue to witness volatility."

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Nifty Auto index falls nearly 1%: top losers in the pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME ASHOK LEYLAND 154.80 161.85 -7.05 -4.36 18527007 BOSCH 18140.00 18658.00 -518.00 -2.78 21320 TATA MOTORS 323.40 330.80 -7.40 -2.24 8022061 TATA MOTORS-DVR 191.05 195.30 -4.25 -2.18 2044881 M & M 850.85 869.10 -18.25 -2.10 1448106

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Sectoral Trend

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Top Sensex gainers and losers

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Markets at Close The S&P BSE Sensex settled at 35,557 up 21 points while the braoder Nifty50 index ended at 10,806, up 0 points

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

BUZZING STOCK HDFC Standard Life Insurance Company hit a new high of Rs 547, up 5% on the BSE in intra-day trade on Monday, in otherwise subdued market.   Since April 18, post January-March quarter (Q4FY18) results, the stock of insurance company outperformed the market by surging 11% against 3.3% rise in the S&P BSE Sensex. The stock zoomed 89% against its issue price of Rs 290 per share. READ MORE

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Edelweiss Financial nears record high; stock up 15% in one month   Edelweiss Financial Services rallied 6% to Rs 305, trading close to its all-time high of Rs 309 recorded on November 3, 2017 on the BSE, in otherwise range-bound market on Monday.   In past one month, the stock has outperformed the market by gaining 15% as compared to 4% rise in the S&P BSE Sensex. Since May 3, 2018, post March quarter (Q4FY18) results, the stock rallied 7% against 1% rise in the benchmark index. READ MORE

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

Mid, Small-cap stocks under pressure; 68 scrips hit 52-week low   Shares of mid and small-cap companies were under pressure with 68 stocks from these indices hitting their respective 52-week lows on the BSE in intra-day trade on Monday.   Sugar stocks like Bajaj Hindustan, Dalmia Bharat, DCM Shriram Industries, Dhampur Sugar, Dwarikesh Sugar, KCP Sugars and Mawana Sugars hit 52-week lows due to falling sugar prices. READ MORE

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

HUL Q4FY18 results preview: Rise in rural demand to aid performance Hindustan Unilever (HUL) is likely to announce its fourth quarter results later in the day today. According to analysts, HUL will gain from: 1) expected pick‐up in rural demand; 2) lower goods and service tax (GST) rates on more than two-third of its portfolio; and 3) benefits from sustained cost‐savings programs READ MORE

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

PSBs' bad loans hit Rs 6.89 trn, or the cost of electrifying half of India! Indian public sector banks’ (PSB) bad loans soared 1.5 times, from Rs 2.67 lakh crore ($39.99 billion) on March 31, 2015, to Rs 6.89 lakh crore ($103.21 billion)–an amount that could electrify half of India’s households–on June 30, 2017, according to this reply to the Lok Sabha (lower house of parliament) by Shiv Pratap Shukla, minister of state for finance, on April 6, 2018 READ MORE

MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

EARNINGS IMPACT   Parag Milk Foods hit a 52-week high of Rs 327, up 7% on the BSE in intra-day trade, after the company reported 18% year-on-year (YoY) growth in its consolidated net profit at Rs 262 million in March quarter (Q4FY18), on the back of healthy growth in operational revenue.   The company is a manufacturer and marketer of diary-based branded products in India, and had reported a profit of Rs 221 million in the same quarter year ago. READ MORE

First Published: Mon, May 14 2018. 15:31 IST
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MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome

The markets ended flat ahead of Karnataka election outcome

The markets ended flat ahead of Karnataka election outcome, which will be known on Tuesday. The S&P BSE Sensex settled at 35,557 up 21 points while the braoder Nifty50 index ended at 10,806, up 0 points Meanwhile, shares of mid-and small-cap companies were under pressure with 68 stocks from these indices hitting their respective 52-week lows on the BSE in intra-day trade on Monday. Dena Bank, Oriental Bank of Commerce, IDFC Bank, IFCI and UCO Bank from the banks and financials, Anant Raj Industries, Atlanta, Housing Development and Infrastructure (HDIL), ...

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