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MARKET WRAP: Sensex up 347 pts; DHFL cracks 22%, YES Bank slips 2%

Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.

SI Reporter  |  New Delhi 

Markets

Nifty Bank index ends 1.44 per cent higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME KOTAK MAH. BANK 1186.10 1148.70 37.40 3.26 3775399 ST BK OF INDIA 272.50 264.35 8.15 3.08 28945769 AXIS BANK 614.00 597.35 16.65 2.79 17512749 HDFC BANK 1960.00 1925.70 34.30 1.78 4169896 BANK OF BARODA 109.50 107.70 1.80 1.67 39565009 INDUSIND BANK 1691.05 1674.20 16.85 1.01 4500410 Sectoral gainers of the day on the NSE BSE Sensex: HDFC, Axis Bank, HUL among top gainers of the day Market at close   The S&P BSE Sensex ended at 36,652, up 347 points while the broader Nifty50 index settled at 11,067, up 100 points. India's oil demand growth to slow down over next decades: Reliance India will continue to depend on oil as a mainstay of its energy but its oil demand growth will likely slow as the government pushes for cleaner energy and renewables, Harish Mehta, President, Refining & Marketing at Reliance Industries said on Tuesday.   India is pushing for intervention to support renewables, grid electrification, and the government is trying popularize natural gas and shared mobility, said Mehta said during the Asia Pacific Petroleum Conference (APPEC) in Singapore. READ MORE Cutting cash reserve ratio can improve liquidity: finance ministry official Cutting banks' cash reserve ratio (CRR), or the amount of funds they set aside with the central bank, are among options that the central bank could look at to improve liquidity in the system, a finance ministry official said on Tuesday.   The Reserve Bank of India (RBI) could also consider buying more bonds from the open market and open a special window for mutual funds to inject liquidity, the official told reporters, declining to be identified as the discussions are not public. READ MORE

The benchmark indices snapped out of their five-session losing streak, to settle nearly  1 per cent higher on Tuesday led by a rise in the financial stocks.

The S&P BSE Sensex ended at 36,652, up 347 points while the broader Nifty50 index settled at 11,067, up 100 points.

Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.

Among individual stocks, shares of DHFL plunged 22 per cent to settle at Rs 306.30 apiece on BSE. Indiabulls Housing Finance fell nearly 6 per cent to Rs 925.60. 

YES Bank hits fresh 52-week low ahead of board meeting today

Shares of YES Bank fell 17 per cent from their intraday high of Rs 238.60 per share to hit a fresh 52-week low of Rs 198.65 on the BSE in intra-day trade on Tuesday ahead of the board meeting to be held later in the day to decide the future course of action after the Reserve Bank of India (RBI) curtailed the term of its managing director (MD) and Chief Executive Officer (CEO) Rana Kapoor and asked the bank to look for a replacement by January 2019. The stock settled 2.8 per cent lower at Rs 219.85. READ MORE

Global Markets

Asia stocks struggled on Tuesday as a fresh round of US-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.15 per cent. But Japan's Nikkei bucked the trend and edged up nearly 0.2 per cent. The Shanghai Composite Index dropped 0.7 per cent and Australian stocks eased 0.1 per cent. Hong Kong markets were closed for a holiday.

(with Reuters inputs)

First Published: Tue, September 25 2018. 08:15 IST
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MARKET WRAP: Sensex up 347 pts; DHFL cracks 22%, YES Bank slips 2%

Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.

The benchmark indices snapped out of their five-session losing streak, to settle nearly  1 per cent higher on Tuesday led by a rise in the financial stocks.

The S&P BSE Sensex ended at 36,652, up 347 points while the broader Nifty50 index settled at 11,067, up 100 points.

Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.

Among individual stocks, shares of DHFL plunged 22 per cent to settle at Rs 306.30 apiece on BSE. Indiabulls Housing Finance fell nearly 6 per cent to Rs 925.60. 

YES Bank hits fresh 52-week low ahead of board meeting today

Shares of YES Bank fell 17 per cent from their intraday high of Rs 238.60 per share to hit a fresh 52-week low of Rs 198.65 on the BSE in intra-day trade on Tuesday ahead of the board meeting to be held later in the day to decide the future course of action after the Reserve Bank of India (RBI) curtailed the term of its managing director (MD) and Chief Executive Officer (CEO) Rana Kapoor and asked the bank to look for a replacement by January 2019. The stock settled 2.8 per cent lower at Rs 219.85. READ MORE

Global Markets

Asia stocks struggled on Tuesday as a fresh round of US-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.15 per cent. But Japan's Nikkei bucked the trend and edged up nearly 0.2 per cent. The Shanghai Composite Index dropped 0.7 per cent and Australian stocks eased 0.1 per cent. Hong Kong markets were closed for a holiday.

(with Reuters inputs)

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