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MARKET WRAP: Sensex slips 215 points, HDFC Bank falls 3%; Realty stocks hit

Catch all that happened during Monday's trade here

SI Reporter  |  New Delhi 

Photo: Shutterstock.com
Photo: Shutterstock.com

Nifty Bank index ends 1.63% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 131.55 136.95 -5.40 -3.94 IDFC BANK 39.15 40.75 -1.60 -3.93 HDFC BANK 2046.20 2110.60 -64.40 -3.05 FEDERAL BANK 81.20 83.00 -1.80 -2.17 ST BK OF INDIA 263.00 266.70 -3.70 -1.39 Nifty sectoral losers of the day BSE Sensex: Dr Reddy's, Infosys among top gainers of the day, HDFC Bank top loser Market at close   The S&P BSE Sensex ended at 35,012, down 215 points while the broader Nifty50 index settled at 10,628, down 68 points. Avanti Feeds, Waterbase extend fall on growth concerns Shares of shrimp exporters Avanti Feeds and Waterbase have fallen more than 50% from their respective 52-week highs on concerns of decline in exports in the current financial year 2018-19 (FY19) due to prevailing un-favourable conditions. READ MORE   With deal to close this week, Bayer to retire Monsanto name Germany's Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker's 117 year-old name. The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday. READ MORE

Benchmark indices ended lower on Monday led by losses in banking sector and real estate sector.

The S&P BSE Sensex ended at 35,012, down 215 points while the broader Nifty50 index settled at 10,628, down 68 points. HDFC Bank was among the yop losers, slipping over 3 per cent to Rs 2,045 levels. Realty stocks came under selling pressure with the Nifty Realty index ended over 3 per cent lower. HDIL, Phoenix Limited, Prestige, Indiabulls Real Estate and Brigade Enterprises were among the top losers that slipped up to 4 per cent.

Meanwhile, foreign investors pulled out a massive Rs 297.14 billion from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices. This comes following an outflow of Rs 155.61 billion from the capital markets (equity and debt) in April. Prior to that, foreign investors had pumped in Rs 26.62 billion in March.

GLOBAL MARKETS

Asian shares rose to their highest in two-and-a-half-weeks on Monday as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could retard global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1 per cent to a high last seen on May 17, while Japan's Nikkei rose 1.3 per cent.

RBI POLICY PREVIEW

The Reserve Bank of India (RBI) is getting poised to raise interest rates for the first time since January 2014, analysts say - the question is whether this will happen on Wednesday or in August.

The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax. India reported stellar 7.7 annual per cent growth for the quarter ended March 31. But the key concern of the central bank, which has long kept the repo rate at 6 per cent, is the inflation rate, which is widely expected to climb further.

(with Reuters inputs)

First Published: Mon, June 04 2018. 15:30 IST
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MARKET WRAP: Sensex slips 215 points, HDFC Bank falls 3%; Realty stocks hit

Catch all that happened during Monday's trade here

Benchmark indices ended lower on Monday led by losses in banking sector and real estate sector.

The S&P BSE Sensex ended at 35,012, down 215 points while the broader Nifty50 index settled at 10,628, down 68 points. HDFC Bank was among the yop losers, slipping over 3 per cent to Rs 2,045 levels. Realty stocks came under selling pressure with the Nifty Realty index ended over 3 per cent lower. HDIL, Phoenix Limited, Prestige, Indiabulls Real Estate and Brigade Enterprises were among the top losers that slipped up to 4 per cent.

Meanwhile, foreign investors pulled out a massive Rs 297.14 billion from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices. This comes following an outflow of Rs 155.61 billion from the capital markets (equity and debt) in April. Prior to that, foreign investors had pumped in Rs 26.62 billion in March.

GLOBAL MARKETS

Asian shares rose to their highest in two-and-a-half-weeks on Monday as strong US jobs data offset worries that tariff wars between the United States and the rest of the world could retard global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1 per cent to a high last seen on May 17, while Japan's Nikkei rose 1.3 per cent.

RBI POLICY PREVIEW

The Reserve Bank of India (RBI) is getting poised to raise interest rates for the first time since January 2014, analysts say - the question is whether this will happen on Wednesday or in August.

The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax. India reported stellar 7.7 annual per cent growth for the quarter ended March 31. But the key concern of the central bank, which has long kept the repo rate at 6 per cent, is the inflation rate, which is widely expected to climb further.

(with Reuters inputs)

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