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MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

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Market Wrap  |  Nifty  |  Sensex

SI Reporter  |  New Delhi 

The benchmark indices settled around 1 per cent lower on Friday, led by a fall in the banking, information technology (IT) and fast-moving consumer goods (FMCG) stocks amid weakness in the Asian markets, which fell to a 20-month low. The S&P BSE Sensex ended at 33,349, down 341 points, while the broader Nifty50 index settled at 10,030, down 95 points. Among the sectoral indices, the Nifty IT index fell 1.9 per cent due to a fall in the shares of Infosys, Tata Consultancy Services (TCS) and HCL Technologies. The Nifty Bank index, too, declined 1.6 per ...

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MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Nifty Bank index falls 1.6%. Top loser: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME YES BANK 180.70 198.35 -17.65 -8.90 95725292 AXIS BANK 537.70 561.05 -23.35 -4.16 9216939 INDUSIND BANK 1445.80 1491.10 -45.30 -3.04 2262994 KOTAK MAH. BANK 1158.60 1185.80 -27.20 -2.29 1841944 IDFC BANK 33.35 34.05 -0.70 -2.06 11684766

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Sectoral gainers & losers on NSE

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Market at close   The S&P BSE Sensex shed 341 points or 1 per cent to settle at 33,349 while NSE's Nifty50 index slipped below 10,050 level to settle at 10,030, down 95 points or 1 per cent. 

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

STOCK ALERT Shares of Indian Overseas Bank (IOB) jump 11% after Q2 loss narrows to Rs 4.87 million against Rs 12,225 million in the year-ago period.

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

ITC Q2FY19 profit up 12% at Rs 29.55 billion vs 26.40 billion Diversified group ITC on Friday reported 11.92 per cent rise in standalone net profit to Rs 29.55 billion for the quarter ended September 30, 2018. The company had posted a net profit of Rs 26.40 billion in the second quarter of 2017-18, ITC said in BSE filing. READ MORE

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Oil prices fall as Saudis warn of looming oversupply, global markets slump Oil prices fell on Friday and were heading for a third weekly loss, as Saudi Arabia warned of oversupply amid a slump in global equities and trade that clouds the outlook for fuel demand.   Brent crude futures were down 49 cents, or 0.6 per cent, at $76.40 a barrel. The global benchmark is on course for a weekly loss of over 4 per cent. US crude was down 59 cents, or 0.9 per cent, at $66.74. The US benchmark is set for a 3.5 per cent loss this week. READ MORE

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Reliance General Q2 profit up 20% at Rs 56 crore Reliance General Insurance Company (RGI) Friday reported 20 per cent rise in profit at Rs 56 crore for the second quarter ended September 30, 2018. Gross written premium too surged 20 per cent to Rs 2,025 crore during the quarter, it said in a statement. READ MORE

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Nifty IT index hits four-month low; TCS, Infosys down 2%   Shares of frontline information technology (IT) companies were under pressure with the Nifty IT index hitting a four-month low on Friday. Tata Consultancy Services (TCS), Infosys and HCL Technologies from the Nifty IT index were trading lower in the range of 2% to 3% on the National Stock Exchange (NSE). READ MORE

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

NEWS ALERT ITC posts 11.9 per cent YoY rise in Q2 net profit at Rs 29.55 billion against Rs 28.19 billion in the year-ago period. Stock drops nearly 4 per cent. 

MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 33,583.40 -106.69 -0.32   S&P BSE SENSEX 50 10,559.52 -33.48 -0.32   S&P BSE SENSEX Next 50 29,771.80 -52.16 -0.17   S&P BSE 100 10,322.69 -30.55 -0.30   S&P BSE Bharat 22 Index 3,274.67 -29.94 -0.91 (Source: BSE)

First Published: Fri, October 26 2018. 08:15 IST
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MARKET WRAP: Sensex cracks 341 pts as banks, IT drag; YES Bank falls 9%

Catch all live market action here

The benchmark indices settled around 1 per cent lower on Friday, led by a fall in the banking, information technology (IT) and fast-moving consumer goods (FMCG) stocks amid weakness in the Asian markets, which fell to a 20-month low. The S&P BSE Sensex ended at 33,349, down 341 points, while the broader Nifty50 index settled at 10,030, down 95 points. Among the sectoral indices, the Nifty IT index fell 1.9 per cent due to a fall in the shares of Infosys, Tata Consultancy Services (TCS) and HCL Technologies. The Nifty Bank index, too, declined 1.6 per ...

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