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

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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 ...

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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
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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 ...

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