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MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively.

SI Reporter  |  New Delhi 

The benchmark indices settled marginally lower on Friday, weighed by financials and consumer stocks amid caution in global markets. The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points. Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively. On the National Stock Exchange (NSE), the Nifty Bank index settled 0.7 per cent lower weighed by Yes Bank, Bank of Baroda and ICICI Bank. Global Markets Asian stocks fell on Friday after ...

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MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Nifty Bank index ends 0.69% down. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) YES BANK 374.05 388.60 -14.55 -3.74 ICICI BANK 329.85 337.20 -7.35 -2.18 BANK OF BARODA 147.00 149.85 -2.85 -1.90 INDUSIND BANK 1937.40 1957.20 -19.80 -1.01 IDFC BANK 46.95 47.30 -0.35 -0.74

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Nifty sectoral losers of the day

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

BSE Sensex: Yes Bank, ICICI Bank among top losers of the day

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Market at close The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points.

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Oil up as US sanctions on Iran cloud supply outlook Oil prices rose on Friday, supported by signs that U.S. sanctions on Iran are already reducing global crude supply.   Benchmark Brent crude oil was up 60 cents a barrel at $75.33. Brent was on track for gains of almost 5 per cent this week. US light crude was 50 cents higher $68.33, heading for a gain on 3.8 per cent this week. READ MORE

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

NCLAT declines stay on Tata Sons' conversion to pvt co; relief for Mistry While declining to pass any order on the conversion of Tata Sons into a private company from a public limited firm, NCLAT today asked Tata Sons not to force Cyrus Mistry to sell his shares in the company till his appeal is pending.   The National Company Law Appellate Tribunal (NCLAT) said that pending the litigation here, the Cyrus Mistry camp which was seeking a status quo over it cannot be "forced to sell shares". READ MORE

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Gold gains as dollar slips; markets await Fed chairman's speech Gold rose on Friday after falling in the previous session, as the dollar eased and markets awaited a speech by the Federal Reserve chairman for fresh clues on the direction of US monetary policy.   Spot gold was up 0.3 per cent at $1,188.96 an ounce, after falling 0.9 per cent on Thursday. Prices have risen about 0.3 per cent so far this week. US gold futures were up 0.1 per cent at $1,195 an ounce. READ MORE

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Amrutanjan, Pfizer, Merck, Novartis hit new highs Shares of selected pharmaceutical companies were in focus with Amrutanjan Health Care, Pfizer, Merck and Novartis India rallying up to 18% on the BSE in otherwise subdued market. All these stocks were trading at their respective all-time highs. READ MORE

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Analysts keep faith in Larsen & Toubro despite buyback proposal Analysts remain bullish on Larsen & Toubro (L&T) and have maintained a ‘buy’ rating on the stock despite the company’s buyback proposal. The company, at its meeting on Thursday, approved a proposal to buy back up to 60 million equity shares at a maximum price of Rs 1,500 per equity share for an amount of Rs 90 billion. READ MORE

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,269.98 -66.78 -0.17   S&P BSE SENSEX 50 12,108.47 -23.84 -0.20   S&P BSE SENSEX Next 50 34,823.94 -6.23 -0.02   S&P BSE 100 11,872.20 -20.18 -0.17   S&P BSE Bharat 22 Index 3,668.16 +2.24 +0.06 (Source: BSE)

MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Britannia board to split stock in 1:2 ratio to make it more affordable The board of confectionary major Britannia Industries on Thursday approved share split in 1:2 ratio to make the stock more affordable for the small retail investors and increase liquidity.   The Kolkata-based company will split the shares with a face value of Rs 2 into two equity shares of Re 1 each. READ MORE

First Published: Fri, August 24 2018. 08:15 IST
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MARKET WRAP: Sensex slips 85 pts; private banks drag, YES Bank falls 3.5%

Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively.

The benchmark indices settled marginally lower on Friday, weighed by financials and consumer stocks amid caution in global markets. The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points. Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively. On the National Stock Exchange (NSE), the Nifty Bank index settled 0.7 per cent lower weighed by Yes Bank, Bank of Baroda and ICICI Bank. Global Markets Asian stocks fell on Friday after ...

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