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MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India.

SI Reporter  |  New Delhi 

The markets ended lower on Wednesday due to a rise global crude oil prices and rupee hitting a 19-month low during the day, while traders turned cautious a day before the expiry of June derivatives contracts. The S&P BSE Sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points. Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India. Shares of public sector banks (PSBs) fell on concerns of stress in the banking sector after the Reserve ...

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MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Top losers in BSE Oil & Gas: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) B P C L 383.65 417.20 -33.55 -8.04 H P C L 277.05 299.35 -22.30 -7.45 I O C L 156.25 166.55 -10.30 -6.18 GAIL (INDIA) 323.60 342.85 -19.25 -5.61 INDRAPRASTHA GAS 253.05 262.10 -9.05 -3.45

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Nifty PSU Banks ended 2.43% lower today. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) IDBI BANK 50.70 54.45 -3.75 -6.89 SYNDICATE BANK 41.00 43.75 -2.75 -6.29 ANDHRA BANK 31.80 33.30 -1.50 -4.50 PUNJAB NATL.BANK 76.75 79.85 -3.10 -3.88 BANK OF INDIA 88.70 92.20 -3.50 -3.80

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Nifty sectoral losers of the day

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

BSE Sensex: HDFC Bank top gainer of the day, ICICI Bank, Tata Motors, SBI among top losers

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Market at close   The S&P BSE Sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points.

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Gold falls to Rs 31,570 on weak global cues, muted demand Gold remained weak for the second straight day and drifted lower by Rs 25 to Rs 31,570 per 10 gram amid weakening global trend and easing demand from the local jewellers at the bullion market today. Silver slipped below the Rs 41,000-mark, declined by Rs 120 per kg, due to reduced offtake by industrial units and coin makers. READ MORE

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

RBI might think otherwise, but Indian banks may see NPAs mount to 20% soon Imagine India’s GDP growth had collapsed to 3 per cent; inflation was about to hit double digits; exports were tanking; and the country’s twin deficits – in the government’s budget, and in the nation’s current account – were out of control. It’s only when the Reserve Bank of India tries to imagine such a dire scenario for March 2019 that its simulation exercise for bad loans throws up a figure of 17.3 per cent of state-run banks’ total assets. READ MORE

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Asia Check Asian share markets were under stress on Wednesday as further falls in Chinese stocks and the yuan sent ripples across the region, while oil climbed as the United States leaned on allies to stop buying Iranian crude.   Chinese blue chips sank 2.2 per cent to be a whisker above 13-month lows as a resolution of Sino-US tensions remained a distant prospect.   MSCI’s broadest index of Asia-Pacific shares outside Japan lost another 0.6 per cent after touching a two-year trough on Tuesday.   Japan’s Nikkei had been faring better but soon succumbed to risk aversion and fell 0.3 per cent.

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

UPL's turnaround script for FY19: It hasn't been the best of starts, indeed   It has not been the best of starts for UPL. The company (earlier known as United Phosphorus and in the businesses of agrochemicals, industrial chemicals, and chemical intermediates) failed to hit its annual revenue growth expectation of eight to 10 per cent for 2017-18. This is the first time it happened in the last five years.   This, with concerns on high raw material costs, falling prices in the key markets of Brazil and North America, and currency fluctuations, besides continuous capital expenditure, has led to muted sentiment for the stock. It has shed about eight per cent in a week and is down almost 23 per cent since its high earlier this calendar year. READ MORE

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Bhagiradha Chemicals zooms 37% from intra-day low post a huge block deal Shares of Bhagiradha Chemicals & Industries have moved higher by 16% to Rs 282 per share on the BSE, bouncing back 37% from their intra-day low on Wednesday after nearly 25% of the total equity of the agrochemicals company changed hands through block deal. The stock hit a low of Rs 206 in intra-day trade against its Tuesday's close of Rs 244 on the BSE. READ MORE

MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 35,282.80 -207.24 -0.58   S&P BSE SENSEX 50 11,202.59 -76.04 -0.67   S&P BSE SENSEX Next 50 31,853.65 -489.88 -1.51   S&P BSE 100 10,965.22 -88.41 -0.80   S&P BSE Bharat 22 Index 3,294.23 -60.20 -1.79 (Source: BSE)

First Published: Wed, June 27 2018. 08:15 IST
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MARKET WRAP: Sensex ends 273 pts lower, Nifty at 10,671; PSU banks decline

Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India.

The markets ended lower on Wednesday due to a rise global crude oil prices and rupee hitting a 19-month low during the day, while traders turned cautious a day before the expiry of June derivatives contracts. The S&P BSE Sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points. Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India. Shares of public sector banks (PSBs) fell on concerns of stress in the banking sector after the Reserve ...

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