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MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

This was the fifth consecutive session of losses for the markets. PSU bank stocks, however, bucked the trend

Topics
Bse  |  Sensex  |  Nse

SI Reporter  |  New Delhi 

The markets ended lower for the fifth straight session on Monday, following the resignation of the Bharatiya Janata Party's (BJP's) B S Yeddyurappa in the Karnataka Assembly despite positive global cues. The S&P BSE Sensex ended at 34,616, down 232 points while the broader Nifty50 index settled at 10,517, down 80 points. B S Yeddyurappa’s third chief ministerial stint lasted all of 55 hours, and his resignation on Saturday evening came as a shot in the arm for an Opposition struggling to mount a united challenge to the Narendra Modi-led Bharatiya Janata Party (BJP) ...

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MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Nifty Realty index cracks 3.29%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) INDBULL.REALEST. 185.20 205.70 -20.50 -9.97 H D I L 26.25 28.30 -2.05 -7.24 UNITECH 4.40 4.60 -0.20 -4.35 BRIGADE ENTERPR. 240.85 251.25 -10.40 -4.14 GODREJ PROPERT. 747.55 776.90 -29.35 -3.78

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Nifty PSU Bank index ends 2.66% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) BANK OF INDIA 97.95 93.45 4.50 4.82 PUNJAB NATL.BANK 78.15 74.75 3.40 4.55 UNION BANK (I) 86.95 83.25 3.70 4.44 CANARA BANK 245.65 235.70 9.95 4.22 SYNDICATE BANK 44.55 43.30 1.25 2.89

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Nifty sectoral performers of the day

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

BSE Sensex: SBI, ICICI Bank among top gainers, Dr. Reddy top loser of the day

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Market at close   The S&P BSE Sensex ended at 34,616, down 232 points while the broader Nifty50 index settled at 10,517, down 80 points.

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Midcap, Smallcap shares under pressure; 111 stocks hit 52-week low Shares of midcap and smallcap companies were under pressure with 111 stocks hitting their respective 52-week lows as these indices have fallen more than 1% on Monday. Adani Power, Ajanta Pharma, Castrol India, CRISIL, Federal Bank, Glenmark Pharmaceuticals, IDFC Bank, LIC Housing Finance and Vakrangee from the midcap index hit 52-week lows today. READ MORE  

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Emkay Global on Untratech Cement - Century Textiles deal There could be synergies from: a) common procurement of raw material (RM), b) brand building as UTCEM’s brand commands a premium of Rs10-15/bag over CTIL in most markets and c) reduction in overheads - marketing, finance etc. Ultratech (UTCEM) expects the cost of acquired assets to be almost similar to UTCEM within one year of the acquisition. In the near term, we are cautious on the cement sector due to fight for capacity share and deterioration in pricing power. UTCEM remains one of our preferred picks in the sector. We retain ACCUMULATE rating with a target price of Rs4,279 

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

D-Mart falls 11% in two days on promoter R K Damani upto 1% stake sale plan Shares of Avenue Supermarts - the operators of retail chain D-Mart, have fallen 6% to Rs 1,338 per share, extending their 5% drop on the BSE on Friday after the company announced that promoter R K Damani would pare his stake to comply with the shareholding norms.   D-Mart lost Rs 93.21 billion market-cap in past two days from Rs 933.10 billion on Thursday, May 17, 2018 to Rs 839.89 billion at 12:26 pm; the BSE data shows. READ MORE  

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Amara Raja Batteries slips 8% post Q4 results Shares of Amara Raja Batteries have declined 8% to Rs 760 per share, extending their 5% fall on Friday on the BSE after the company reported a lower than expected 10.7% growth in standalone net profit at Rs 1.1 billion in March quarter (Q4FY18). Analysts on an average had expected profit of Rs 1.26 billion for the quarter. READ MORE  

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 34,638.77 -209.53 -0.60   S&P BSE SENSEX 50 11,015.52 -75.32 -0.68   S&P BSE SENSEX Next 50 31,911.39 -529.43 -1.63   S&P BSE 100 10,812.50 -89.40 -0.82   S&P BSE Bharat 22 Index 3,504.74 +10.84 +0.31

MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

ICRA on GDP forecast The domestic GDP growth rate is expected to improve to 7.4% in Q4 FY2018 from 7.2% in Q3 FY2018, exceeding the implicit forecast of 7.1% embedded in the Central Statistics Office’s (CSO’s) Second Advance Estimate of National Income for 2017-18. As per ICRA, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3% in Q4 FY2018 from 6.7% in Q3 FY2018, thereby rebounding above 7.0% after a gap of five quarters. This revival in Q4 FY2018, relative to Q3 FY2018, is expected to be broad-based, supported by an uptick in industry (to +7.7% from +6.8%), agriculture, forestry and fishing (to +4.5% from +4.1%), and services (to +7.8% from +7.7%)

First Published: Mon, May 21 2018. 15:30 IST
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MARKETS ON MONDAY: Sensex ends 232 pts lower; Realty, pharma, metals drag

This was the fifth consecutive session of losses for the markets. PSU bank stocks, however, bucked the trend

The markets ended lower for the fifth straight session on Monday, following the resignation of the Bharatiya Janata Party's (BJP's) B S Yeddyurappa in the Karnataka Assembly despite positive global cues. The S&P BSE Sensex ended at 34,616, down 232 points while the broader Nifty50 index settled at 10,517, down 80 points. B S Yeddyurappa’s third chief ministerial stint lasted all of 55 hours, and his resignation on Saturday evening came as a shot in the arm for an Opposition struggling to mount a united challenge to the Narendra Modi-led Bharatiya Janata Party (BJP) ...

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