You are here: Home » Markets » News
Business Standard

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

The Nifty Bank index ended lower, slipping 0.70 per cent lower weighed by Bank of Baroda and Yes Bank.

SI Reporter  |  New Delhi 

The benchmark indices settled lower on Thursday led by a fall in the financial stocks after the rupee hit a record low of 70.32 per dollar. The S&P BSE Sensex ended at 37,664, down 188 points while the broader Nifty50 index settled at 11,385, down 50 points. HDFC, HDFC Bank, Vedanta, Tata Steel and Reliance Industries (RIL) were among the major losers in the S&P BSE Sensex. Among sectoral indices, the Nifty Metal index was among top loser of the day, falling 2.27 per cent due to fall in Jindal Steel & Power and Steel Authority of India. The Nifty Bank index ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Nifty Metal index ends 2.27% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) JINDAL STEEL 191.85 199.50 -7.65 -3.83 S A I L 74.45 77.40 -2.95 -3.81 JSW STEEL 328.15 341.10 -12.95 -3.80 HIND.ZINC 276.05 285.15 -9.10 -3.19 NATL. ALUMINIUM 68.10 70.25 -2.15 -3.06

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Nifty sectoral gainers and losers of the day

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

BSE Sensex: HDFC, Vedanta among top losers of the day, Sun Pharma top gainer

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Markets at close The S&P BSE Sensex ended at 37,664, down 188 points while the broader Nifty50 index settled at 11,385, down 50 points.

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Gold recovers from 19-month low as US dollar softens Gold clawed back from a 19-month low on Thursday on short-covering and as the U.S. dollar softened following news that Beijing will hold trade talks with Washington late this month. Spot gold was up 0.1 per cent at $1,175.07 an ounce. US gold futures were, however, down 0.2 per cent at $1,182.1. READ MORE

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Japan, South Korea steel exports to India surge on tariffs, high-end demand India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.   During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 percent from a year earlier, while those from Japan climbed 30 percent, according to an internal document from the Ministry of Steel. READ MORE  

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Falling rupee returning to natural value, no reason to worry: Niti Aayog VC Niti Aayog vice-chairman Rajiv Kumar today said the falling rupee is not a cause of worry as it is getting back to its natural value. READ MORE

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

IT shares rally; Sonata Software, Zensar Technologies up over 10% Shares of midcap information technology (IT) companies have rallied by up to 15% on the BSE after they reported a good set of numbers for the quarter ended June 2018 (Q1FY18).   IT shares are trading higher for the fourth straight day due to persisting weakness in the rupee.The Indian rupee hit record low of 70.32 per dollar on Thursday. READ MORE

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Base metals slide on global cues, sluggish demand Base metal prices fell by up to Rs 3 per kg at the non-ferrous metals market today, tracking a weak trend overseas amid easing demand from consuming industries.   Traders said sentiment dampened after Shanghai base metals dropped sharply today, with copper and zinc plumbing fresh one-year lows after a broad sell-off in London in the previous session before bouncing back slightly on the news of fresh U.S.-China trade talks. READ MORE Copper

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Why retail investors should diversify their portfolio and limit risky bets The Securities and Exchange Board of India (Sebi) may soon impose limits on the trading positions that retail investors can take, based on their net worth. Retail investors will have to obtain a net worth certificate from a chartered accountant and submit it to their broker, and their trading limits will be decided accordingly. READ MORE

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 37,746.91 -105.09 -0.28   S&P BSE SENSEX 50 11,931.25 -33.81 -0.28   S&P BSE SENSEX Next 50 33,701.17 -107.47 -0.32   S&P BSE 100 11,666.96 -33.57 -0.29   S&P BSE Bharat 22 Index 3,579.95 -4.05 -0.11 (Source: BSE)

First Published: Thu, August 16 2018. 08:15 IST
RECOMMENDED FOR YOU

MARKET WRAP: Indices slip as financials weigh; Rupee hits new low of 70.3/$

The Nifty Bank index ended lower, slipping 0.70 per cent lower weighed by Bank of Baroda and Yes Bank.

The benchmark indices settled lower on Thursday led by a fall in the financial stocks after the rupee hit a record low of 70.32 per dollar. The S&P BSE Sensex ended at 37,664, down 188 points while the broader Nifty50 index settled at 11,385, down 50 points. HDFC, HDFC Bank, Vedanta, Tata Steel and Reliance Industries (RIL) were among the major losers in the S&P BSE Sensex. Among sectoral indices, the Nifty Metal index was among top loser of the day, falling 2.27 per cent due to fall in Jindal Steel & Power and Steel Authority of India. The Nifty Bank index ...

image
Business Standard
177 22