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.
 "Markets, Stocks, Shares")
A share broker monitors market fluctuation
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.
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 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.
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)
3:45 PM
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 |
3:40 PM
Nifty sectoral losers of the day
3:38 PM
BSE Sensex: Yes Bank, ICICI Bank among top losers of the day
3:36 PM
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.
The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points.
3:15 PM
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
2:59 PM
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
2:47 PM
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
2:32 PM
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
2:15 PM
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
1:59 PM
Market Check
(Source: BSE)
| 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)
Topics :
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 24 2018 | 8:15 AM IST