You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Catch all live market action here

Topics
Markets Live  |  Nifty  |  Sensex

SI Reporter  |  New Delhi 

Benchmark indices ended lower on Friday, after touching record highs for four straight sessions, following global market trends. Metals, pharma and PSU banks were the top draggers during the day. The S&P BSE Sensex ended the day at 37,869 down 155 while the Nifty50 index settled at 11,429 down 41 points SBI Q1 Results SBI slipped 4% after it reported a bigger-than-expected quarterly loss on Friday, as the country's biggest lender by assets made higher provisions for treasury losses. SBI's third consecutive quarterly net loss came in at Rs 48.76 billion ...

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 155 pts lower; SBI down 4% post Q1 results

MARKET COMMENT Jayant Manglik, President, Religare Broking The Indian benchmark indices ended Friday’s session with losses tracking weak global cues. The Nifty Index ended lower by 0.4% to close at 11,430 levels. The broader markets underperformed the benchmark with BSE Midcap and BSE Smallcap ending the day with losses of 0.9% each. On the sectoral front, Consumer Durables, Autos and IT were the outperformers ending in green, whereas Metals, Capital Goods and Banking were the top losers. Amongst the global markets, both Asian and European Indices traded on a weak note. With headline index trading at record highs, some consolidation cannot be ruled out. Key macro data (WPI & CPI) scheduled next week would be keenly watched by the investors. We expect stock specific volatility to continue with more corporate earnings scheduled in the next 1-2 weeks. Further, market participants would keep an eye on global developments especially the US-China trade war, progress of monsoon, currency and crude oil price movement

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

PSU Banks slip over 3% as SBI falls post Q1 results

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Sectoral Trend

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Top Sensex gainers and losers

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Markets at close The S&P BSE Sensex ended the day at 37,869 down 155 while the Nifty50 index settled at 11,429 down 41 points

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Top 52-week losers COMPANY PRICE() 52 WK LOW CHG() CHG(%) CAN FIN HOMES 320.65 318.45 -5.60 -1.72 JET AIRWAYS 276.50 261.60 -25.20 -8.35 REDINGTON INDIA 102.00 101.80 -1.55 -1.50 S H KELKAR & CO. 195.00 193.05 -6.85 -3.39 » More on 52 Week Low

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Reliance Securities on HeidelbergCement   Rating: Buy  Target Price: Rs 210   HCIL has consistently been increasing its premium cement sales volume, which accounted for 11% of total sales volume in 1QFY19. As premium cement commands Rs8-10/bag higher than standard cement, further improvement in premium cement sales is expected to aid its profitability. While capacity constraint seems to the key hurdle for HCIL as of now to get re-rated, we are hopeful it to get addressed in ensuing months.   Looking ahead, we expect visible de-leveraging of balance-sheet (repaid ECB of Rs750mn in 1QFY19) and healthy operating efficiencies are expected to result in improvement in return ratios. We maintain our fundamental BUY recommendation on the stock with a Target Price of Rs210  

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

M&M, Berger Paints, Bata India, Exide Industries hit new highs   Shares of Mahindra & Mahindra (M&M), Berger Paints India, Bata India and Exide Industries were among eight companies from the S&P BSE500 index hit their respective new highs on the BSE in otherwise range-bound market.   Indiabulls Ventures, Graphite India, Nestle India and Sanofi India, too, touched record highs today. READ MORE

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Are mutual funds now less inclined to be activists?   Swraj Paul’s sweeping moves to snap up shares in Indian companies and move to ‘clean them up’ are seen by some to be one of the rare occasions that promoters had reason to fear their shareholders in India. This happened in the 1980s.   More than three decades later, large institutional players seem less willing to rock the boat. READ MORE

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

SBI Q1 results   Corporate slippage at Rs 37.01 billion vs Rs 290.37 cr billion Domestic NIM at 2.95% vs 2.67% QoQ Wholebank NIM at 2.8% vs 2.5% QoQ

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

SBI Q1 Results  Fresh slippages at Rs 99.85 billion

First Published: Fri, August 10 2018. 08:15 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex ends 155 pts lower; SBI down 4% post Q1 results

Catch all live market action here

Benchmark indices ended lower on Friday, after touching record highs for four straight sessions, following global market trends. Metals, pharma and PSU banks were the top draggers during the day. The S&P BSE Sensex ended the day at 37,869 down 155 while the Nifty50 index settled at 11,429 down 41 points SBI Q1 Results SBI slipped 4% after it reported a bigger-than-expected quarterly loss on Friday, as the country's biggest lender by assets made higher provisions for treasury losses. SBI's third consecutive quarterly net loss came in at Rs 48.76 billion ...

image
Business Standard
177 22
.