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Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

All that happened in the markets today.

SI Reporter  |  New Delhi 

The benchmark indices ended marginally lower on Tuesday ahead of Gross Domestic Product (GDP) to be released on Wednesday. The S&P BSE Sensex ended the day at 34346, down 99 points while the broader NIfty50 index settled at 10554 down 28 points. Among sectoral indices, the Nifty PSU Bank index ended over 3% lower led by a sharp fall in shares of Punjab National Bank (PNB). Shares of PNB hit a 20-month low, slipping over 9% on the BSE earlier in the day, after the government-owned bank said it has revealed an additional unauthorized transactions by around Rs 13 billion (USD 204 ...

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Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Market rundown by Nikhil Kamath, Co-Founder and Head of Trading, Zerodha "Markets opened the session slightly higher for the day on the back of positive global cues, this rally was sold into and the indices corrected throughout the session to close over a quarter percent lower for the day.   Cement and banking were the weakest sectors for the session, with both Orient Bank and PNB tanking in trade."

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Top Sectoral loser: Nifty PSU Bank slips over 3%

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Sectoral Trend

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Sensex top gainers and losers

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Markets at Close The S&P BSE Sensex ended the day at 34346, down 99 points while the broader NIfty50 index settled at 10554 down 28 points

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

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Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

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Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Gitanjali Gems, Vakrangee plunge 66% in one month Shares of Gitanjali Gems and Vakrangee continued to remainunder pressure, eroding two-third of their market valuation in the past one month. Gitanjali Gems hit a new low of Rs 22.45, down 5% on the BSE. The stock of jewellery maker was locked in lower circuit for the nine straight trading days. In past one month, it tanked 66% from Rs 66.30. READ MORE

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Modi winning 2019 polls: Market has priced in 2nd term for BJP, says UBS The 2019 general elections are still about a year away, but markets seem to have already priced in a second term for the incumbent Narendra Modi-led National Democratic Alliance (NDA) government. In a recent client note, brokerage UBS said while most investors had assigned a ‘very high probability’ of Modi winning the 2019 elections, markets had already priced this in. READ MORE

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

ICICI Securities on ISGEC Heavy Engineering   The stock trades at 19x FY20E standalone EPS. We expect execution to improve in FY19 and FY20 leading to 22% and 26% revenue growth in the respective years. We expect EBITDA margins to improve gradually with reduction in working capital.    Driven by strong execution and margin improvement, earnings are expected to grow by 37%/33% in FY19/FY20 respectively. Improvement in RoCE with healthy cashflows will aid in valuation rerating. Strategic tie-ups have further strengthened the company’s competitive ability to enter new technology areas, which will fuel incremental growth. Maintain BUY.

Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

Nifty PSU Bank index slips over 3%

First Published: Tue, February 27 2018. 15:30 IST
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Indices end slightly lower ahead of GDP data; PSU banks, realty stocks fall

All that happened in the markets today.

The benchmark indices ended marginally lower on Tuesday ahead of Gross Domestic Product (GDP) to be released on Wednesday. The S&P BSE Sensex ended the day at 34346, down 99 points while the broader NIfty50 index settled at 10554 down 28 points. Among sectoral indices, the Nifty PSU Bank index ended over 3% lower led by a sharp fall in shares of Punjab National Bank (PNB). Shares of PNB hit a 20-month low, slipping over 9% on the BSE earlier in the day, after the government-owned bank said it has revealed an additional unauthorized transactions by around Rs 13 billion (USD 204 ...

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