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MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

The Nifty PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI).

SI Reporter  |  New Delhi 

SMEs, banks, foreign exchange, markets, forex, small and medium price industries,

The benchmark ended nearly 1 per cent higher on Monday ahead of the outcome of the Reserve Bank of India's (RBI) board meeting.

Over the past few days, the and the have had discussions in a bid to arrive at a common ground on at least two demands of the — easing PCA norms for some banks along with aligning the regulatory capital requirement of banks with international norms and a special dispensation for MSMEs.

The S&P ended at 35,775, up 318 points or 0.9 per cent, while the broader Nifty50 index settled at 10,763, up 81 points or 0.8 per cent.

Among key stocks, YES Bank settled 7.8 per cent higher at Rs 205.95 on the after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank. The announcement was made on Saturday, 17 November 2018.

Jet Airways fell 6.9 per cent to Rs 322.50 on the National Stock Exchange (NSE) after Tata Sons said on Friday that it was in preliminary talks with struggling Jet Airways but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.

In key sectors, the PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI). On the other hand, FMCG index rose 1.7 per cent led by a rise in Dabur India and ITC.

The rupee traded on a firm note on Monday after opening slightly weaker. The domestic currency had slipped 72.08 against the dollar in early trade but bounced back to 71.55 in intra-day trade. It had ended at 71.92 against the greenback on Friday.

(with wire inputs)

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

Market at close   The S&P BSE Sensex gained 318 points to settle at 35,775 while the Nifty50 index of National Stock Exchange (NSE) ended at 10,763, up 81 points or 0.76 per cent. 

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NEWS ALERT RBI Board meeting has ended, according to TV reports.

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

Gold dips on profit-taking, softer dollar curbs declines Gold prices edged lower as investors took some profit after the metal rose for four consecutive sessions last week, though the prices were supported by a muted dollar on Federal Reserve's concerns over the global economy. Spot gold was down 0.1 per cent at $1,219.98 per ounce, having gained about 0.7 per cent in the previous session. US gold futures were down 0.3 per cent at $1,219.6 per ounce. READ MORE

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NRB Bearings hits record high; soars 31% in 3 weeks on strong Q2 results Shares of NRB Bearings hit a record high of Rs 200 per share, up 6% on the BSE, gaining 31% in past three weeks after reporting a strong set of numbers for the quarter ended September (Q2FYIn). In comparison, the S&P BSE Sensex was up 4.5% during the same period. The stock surpassed its previous high of Rs 193 touched on June 13, 2018, in intra-day trade. Read more  

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

Top gainers on BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME CG POWER & INDU. 39.50 3.50 9.72 2052532 RELIANCE INFRA. 357.10 27.15 8.23 485632 JP ASSOCIATES 7.07 0.48 7.28 5672537 YES BANK 203.65 12.35 6.46 4390455 TATA INV.CORPN. 871.45 48.40 5.88 62118 » More on Top Gainers

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NEWS ALERT RBI wants government to commit more for health of PSU banks, according to TV reports

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NEWS ALERT RBI open to review of PSBs' PCA plan 

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NEWS ALERT RBI has no fixed position on corrective action plan

MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

NEWS ALERT RBI to stay strict on bad loan norms, according to TV reports

First Published: Mon, November 19 2018. 07:00 IST
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MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

The Nifty PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI).

The benchmark ended nearly 1 per cent higher on Monday ahead of the outcome of the Reserve Bank of India's (RBI) board meeting.

Over the past few days, the and the have had discussions in a bid to arrive at a common ground on at least two demands of the — easing PCA norms for some banks along with aligning the regulatory capital requirement of banks with international norms and a special dispensation for MSMEs.

The S&P ended at 35,775, up 318 points or 0.9 per cent, while the broader Nifty50 index settled at 10,763, up 81 points or 0.8 per cent.

Among key stocks, YES Bank settled 7.8 per cent higher at Rs 205.95 on the after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank. The announcement was made on Saturday, 17 November 2018.

Jet Airways fell 6.9 per cent to Rs 322.50 on the National Stock Exchange (NSE) after Tata Sons said on Friday that it was in preliminary talks with struggling Jet Airways but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.

In key sectors, the PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI). On the other hand, FMCG index rose 1.7 per cent led by a rise in Dabur India and ITC.

The rupee traded on a firm note on Monday after opening slightly weaker. The domestic currency had slipped 72.08 against the dollar in early trade but bounced back to 71.55 in intra-day trade. It had ended at 71.92 against the greenback on Friday.

(with wire inputs)

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