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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

SI Reporter  |  New Delhi 

Stock market

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

The 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 Assembly despite positive global cues.

The S&P 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) in the 2019 Lok Sabha elections.

Among sectoral indices, the PSU Bank index ended 2.66% higher led by a rise in the of Bank of India, Union Bank of India and Punjab National Bank. However, the Realty index fell 3.29%, Pharma slipped 2.78% and Nifty Metal ended 1.68% lower.

GLOBAL MARKETS

closed mostly higher. Japan's Nikkei 225 rose 0.3 per cent to 23,002.37. Hong Kong's Hang Seng gained 0.6 per cent to 31,234.35, while the Shanghai Composite Index advanced 0.6 per cent to 3,213.84. South Korea's Kospi added 0.2 per cent to 2,465.57. Australia's S&P/ASX 200 inched down 0.1 per cent to 6,084.50. in Southeast Asia were mixed.

OIL PRICES

il rose on Monday, lifted by a rally across and other commodities, after the United States said it had put a possible trade war with China "on hold". Brent crude futures were up 35 cents at $78.86 a barrel, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel.

A possible U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global a lift in early trading on Monday.

(with Reuters inputs)

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

This was the fifth consecutive session of losses for the markets. PSU bank stocks, however, bucked the trend The 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 Assembly despite positive global cues.

The S&P 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) in the 2019 Lok Sabha elections.

Among sectoral indices, the PSU Bank index ended 2.66% higher led by a rise in the of Bank of India, Union Bank of India and Punjab National Bank. However, the Realty index fell 3.29%, Pharma slipped 2.78% and Nifty Metal ended 1.68% lower.

GLOBAL MARKETS

closed mostly higher. Japan's Nikkei 225 rose 0.3 per cent to 23,002.37. Hong Kong's Hang Seng gained 0.6 per cent to 31,234.35, while the Shanghai Composite Index advanced 0.6 per cent to 3,213.84. South Korea's Kospi added 0.2 per cent to 2,465.57. Australia's S&P/ASX 200 inched down 0.1 per cent to 6,084.50. in Southeast Asia were mixed.

OIL PRICES

il rose on Monday, lifted by a rally across and other commodities, after the United States said it had put a possible trade war with China "on hold". Brent crude futures were up 35 cents at $78.86 a barrel, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel.

A possible U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global a lift in early trading on Monday.

(with Reuters inputs)

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Business Standard
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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 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 Assembly despite positive global cues.

The S&P 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) in the 2019 Lok Sabha elections.

Among sectoral indices, the PSU Bank index ended 2.66% higher led by a rise in the of Bank of India, Union Bank of India and Punjab National Bank. However, the Realty index fell 3.29%, Pharma slipped 2.78% and Nifty Metal ended 1.68% lower.

GLOBAL MARKETS

closed mostly higher. Japan's Nikkei 225 rose 0.3 per cent to 23,002.37. Hong Kong's Hang Seng gained 0.6 per cent to 31,234.35, while the Shanghai Composite Index advanced 0.6 per cent to 3,213.84. South Korea's Kospi added 0.2 per cent to 2,465.57. Australia's S&P/ASX 200 inched down 0.1 per cent to 6,084.50. in Southeast Asia were mixed.

OIL PRICES

il rose on Monday, lifted by a rally across and other commodities, after the United States said it had put a possible trade war with China "on hold". Brent crude futures were up 35 cents at $78.86 a barrel, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel.

A possible U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global a lift in early trading on Monday.

(with Reuters inputs)

image
Business Standard
177 22