You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company.

Topics
Markets Live  |  Nifty  |  Sensex

SI Reporter  |  New Delhi 

The benchmark indices pared most of their day's losses to end slightly lower tracking the global markets, even as rupee recovered and oil prices dropped after Trump tweeted that Saudi Arabia had agreed to lift oil production by “maybe up to 2,000,000 barrels”. The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points. Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company. The Nifty Realty index ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Nifty Metal index ends 1.79% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) JINDAL STEEL 206.95 223.05 -16.10 -7.22 JSW STEEL 313.40 326.80 -13.40 -4.10 NATL. ALUMINIUM 62.05 64.70 -2.65 -4.10 JINDAL STAIN .HI 129.35 134.25 -4.90 -3.65 S A I L 80.20 83.00 -2.80 -3.37

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Nifty sectoral losers of the day

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

BSE Sensex: Bharti Airtel, NTPC among top losers of the day, Asian Paints top gainer

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Market at close   The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points.

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Gold extends losses on global cues, low demand Gold prices shed Rs 20 to Rs 31,400 per ten grams at the bullion market today amid a weak trend overseas and easing demand from local jewellers.   Silver also remained under selling pressure and lost Rs 250 at Rs 40,350 per kg owing to reduced offtake by industrial units and coin makers. READ MORE

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Bharat Hotels files Rs 1,200-cr IPO papers Bharat Hotels, which runs five-star properties under 'The LaLiT' brand, has filed draft prospectus with capital markets regulator to garner Rs 1,200 crore through its initial share-sale.   The initial public offer (IPO) comprises sale of fresh equity shares to the tune of Rs 1,200 crore, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). READ MORE

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Why Trump, Saudi bonhomie may not help oil prices stay down in long term US President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from traders after prices fell even as analysts predicted any drop may be short-lived.   Crude fell in New York late Sunday after a Trump tweet over the weekend suggested that Saudi Arabia had agreed to pump 2 million more barrels a day. READ MORE

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Morgan Stanley upgrades Titan to overweight Titan stock is down 16% from the recent peak and has underperformed the Sensex by 18% over the past three months). We think this offers a compelling entry point for long-term investors.   Risk reward now appears favorable at current valuations. We upgrade Titan to overweight (OW). We roll forward our residual income model to June 2019 to derive our revised target price of Rs1,080, implying an 29% upside from the current levels. Currently,F2020e P/E would be 37x for Titan. This should be viewed in the context of 29% F2018-20e earnings CAGRs, implyingF20e PEG of ~1.3x.

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

25 years of MF: Despite shocks due to bad decisions, industry has done well   In the early 1990s, you wouldn't identify an Indian fund manager with a Leonardo DiCaprio in The Wolf of Wall Street. Mutual fund professionals of the time were mostly unknown bankers who ran the show with a handful of equity analysts.   More often than not, one landed the job because the bank had no other openings. As a leading mutual fund (MF) manager of the 1990s says: “I took a late decision to join a bank instead of the civil services. READ MORE

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

COMMENT Arafat Saiyed, AVP-Research, Reliance Securities After a flat debut of 3%, the stock price of RITES rose to Rs 218 per share in the morning trades. At 11:55 am, the stock was up 18% from its IPO price of Rs 185. Assuming moderate revenue CAGR of ~10% and PAT CAGR ~8% through FY17-20E, the stock at current price is valued at 10x FY20E earnings, which appears to be justified considering its unique business model, steady growth and healthy return ratios. Hence we continue to remain positive on the stock

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Index watch INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 35199.09 35423.48 -224.39 -0.63 BSE 500 14421.69 14528.54 -106.85 -0.74 BSE MID-CAP 15297.73 15450.90 -153.17 -0.99 BSE SMALL-CAP 15882.88 16032.15 -149.27 -0.93 S&P BSE LARGECAP 4131.12 4158.60 -27.48 -0.66 > More on BSE Indices

First Published: Mon, July 02 2018. 08:15 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex ends 159 pts down, Nifty at 10,657; metals, realty slip

Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company.

The benchmark indices pared most of their day's losses to end slightly lower tracking the global markets, even as rupee recovered and oil prices dropped after Trump tweeted that Saudi Arabia had agreed to lift oil production by “maybe up to 2,000,000 barrels”. The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points. Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company. The Nifty Realty index ...

image
Business Standard
177 22
.