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.

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 Credit Cards and select Debit Cards (Issued by ICICI Bank only)
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.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

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

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
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.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
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 your 5 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.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

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 your 5 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 :

  • 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.
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