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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 

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

The benchmark indices settled marginally lower on Friday, weighed by financials and consumer stocks amid caution in global

The S&P BSE 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 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 US-China trade talks ended without progress and market focus shifted to a speech by the Federal Reserve chairman for fresh clues on the direction of US monetary policy.

MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.25 per cent. It was still up about 1 per cent on the week. Hong Kong's Hang Seng fell 0.55 per cent and the Shanghai Composite Index dropped 0.35 per cent. Australian stocks rose 0.15 per cent and South Korea's KOSPI advanced 0.2 per cent. Japan's Nikkei climbed 0.65 per cent, lifted by a weaker yen.

Investors braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy. Powell is set to give a speech later in the day at the Jackson Hole, Wyoming, conference of central bankers.

(With inputs from Reuters)

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

The S&P BSE 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 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 US-China trade talks ended without progress and market focus shifted to a speech by the Federal Reserve chairman for fresh clues on the direction of US monetary policy.

MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.25 per cent. It was still up about 1 per cent on the week. Hong Kong's Hang Seng fell 0.55 per cent and the Shanghai Composite Index dropped 0.35 per cent. Australian stocks rose 0.15 per cent and South Korea's KOSPI advanced 0.2 per cent. Japan's Nikkei climbed 0.65 per cent, lifted by a weaker yen.

Investors braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy. Powell is set to give a speech later in the day at the Jackson Hole, Wyoming, conference of central bankers.

(With inputs from Reuters)

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