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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 

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 ...

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

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

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

Nifty sectoral losers of the day

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

BSE Sensex: Dr Reddy's, Infosys among top gainers of the day, HDFC Bank top loser

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

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.

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

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  

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

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

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

Gold steady as trade war concerns offset US rate hike prospects Gold prices traded within a narrow range on Monday as lingering concerns about trade wars between the United States and the rest of the world offset expectations of a US interest rate hike this month.   Spot gold was nearly unchanged at $1,293.23 per ounce, after hitting its lowest since May 23 at $1,289.12 in the previous session. READ MORE

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

China's Xiaomi eyes $3 billion CDRs in $10 billion July listing plan: sources Chinese smartphone maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, people with knowledge of the matter told Reuters on Monday. READ MORE  

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

Stocks at 52-week low COMPANY PRICE() 52 WK LOW CHG() CHG(%) ABAN OFFSHORE 128.60 128.60 -7.90 -5.79 ADANI POWER 18.70 18.60 -0.90 -4.59 AJANTA PHARMA 933.45 925.05 -7.25 -0.77 ALLCARGO LOGIST. 112.40 112.00 -5.25 -4.46 AMBUJA CEM. 201.00 200.75 -2.40 -1.18 » More on 52 Week Low

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

Centrum on La Opala We maintain our Buy on La Opala with target price of Rs353 and value the company on our conservative Adj. OCF/EV yield based methodology. We believe the company would continue to post strong double digit volume growth in the opalware segment on the back of affordable pricing and significant under penetration of the category.  Further announcement of setting of new plant at a cost of Rs1.35bn would help the company increase capacity from current 25K MT to 37K MT which we believe would be utilised over ~2.5 years and the commercial production would start from Sep’19. Further the management would aggressively spend on advertising in FY19 with a budget of Rs120-150mn against spend of mere Rs40mn in FY18 which would help the brand given aggressive competition.

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

Centrum on Sun Pharma We maintain our Hold rating on Sun Pharma (SPIL) with TP of Rs530 (earlier Rs520) based on 26x March’20E EPS of Rs20.4. SPIL’s Q4FY18 revenues were in-line with our expectations. EBIDTA margin and net profit exceeded our expectations. The drug maker’s revenue declined 2% YoY, margins improved by 240bps to 24.1%, and net profit grew 10% YoY. The company is facing supply constraints at its Halol facility. Key upside risks to our assumption include higher revenues from the US market and key downside risk includes regulatory risks for its manufacturing facilities catering to the global markets. We recommend a switch to Aurobindo or Cipla

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 ...

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