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MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Among sectoral indices, the Nifty Bank index rose 1.24 per cent led by a rise in the shares of Axis Bank, YES Bank and Punjab National Bank.

SI Reporter  |  New Delhi 

The benchmark indices settled over 1 per cent higher on Friday after falling for two consecutive days, led by a rise in the financial stocks and a 'normal' monsoon forecast during August-September by the India Meteorological Department (IMD). They also rose taking cues from their Asian peers which inched higher following a tech-led rise on Wall Street. The S&P BSE Sensex ended at 37,556, up 391 points while the broader Nifty50 index settled at 11,361, up 116 points. Among sectoral indices, the Nifty Bank index rose 1.24 per cent led by a rise in the shares of Axis ...

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MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Nifty Bank index settles 1.24%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) AXIS BANK 574.90 547.25 27.65 5.05 PUNJAB NATL.BANK 88.25 85.15 3.10 3.64 YES BANK 373.45 361.80 11.65 3.22 IDFC BANK 41.20 40.10 1.10 2.74 KOTAK MAH. BANK 1310.05 1280.20 29.85 2.33

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Nifty sectoral gainers of the day

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

BSE Sensex: Axis Bank, YES Bank, ICICI Bank among top gainers of the day

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Market at close   The S&P BSE Sensex ended at 37,556, up 391 points while the broader Nifty50 index settled at 11,361, up 116 points.

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

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MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Sebi in final stages of allowing futures trading in petrol and diesel Over 60,000 retail petrol pump and hundreds and thousands of small and big transporters, bulk users and diesel-consuming industries will soon be able to hedge the price risk in petrol and diesel, as Sebi is in final stages of allowing futures in these two commodities. READ MORE Petrol, Diesel futures

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

This stock in Rakesh Jhunjhunwala's portfolio zooms 200% in one year Shares of VIP Industries have moved higher by 10% to Rs 538 per share, also their record high on the BSE, after the company reported a strong 55% year on year (yoy) jump in its consolidated net profit at Rs 634 million in June quarter (Q1FY19). The company, which is engaged in manufacturing and marketing of luggage and bags, had a profit of Rs 410 million in the same quarter year ago. READ MORE

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

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MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Jet Airways nears 52-week low; stock skids 9% Shares of Jet Airways (India) have slipped 9% to Rs 302 per share on the BSE in intra-day trade after the media reports suggested that the airline will be unable to fly beyond 60 days unless cost-cutting measures including pay cuts are put in place. The stock was trading close to its 52-week low of Rs 297 touched on July 19, 2018 in intra-day trade. READ MORE

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Market Check INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 37484.40 37165.16 319.24 0.86 BSE 500 15344.64 15219.82 124.82 0.82 BSE MID-CAP 16201.35 16057.60 143.75 0.90 BSE SMALL-CAP 16829.03 16639.81 189.22 1.14 S&P BSE LARGECAP 4401.12 4367.22 33.90 0.78 > More on BSE Indices

MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Q1 results: Power Grid offers value, despite tariff concerns, stock gains Even as Power Grid posted in-line performance for the June quarter (Q1), its stock gained a little over three per cent in the past two trading sessions despite the markets falling. All-round growth in Q1, improving visibility in the core power transmission business and, stock price correction of 20 per cent in the past two months that now factors in concerns over new tariff norms are all keeping analysts positive. READ MORE

First Published: Fri, August 03 2018. 08:11 IST
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MARKET WRAP: Sensex ends 391 pts higher led by financials, IMD forecast

Among sectoral indices, the Nifty Bank index rose 1.24 per cent led by a rise in the shares of Axis Bank, YES Bank and Punjab National Bank.

The benchmark indices settled over 1 per cent higher on Friday after falling for two consecutive days, led by a rise in the financial stocks and a 'normal' monsoon forecast during August-September by the India Meteorological Department (IMD). They also rose taking cues from their Asian peers which inched higher following a tech-led rise on Wall Street. The S&P BSE Sensex ended at 37,556, up 391 points while the broader Nifty50 index settled at 11,361, up 116 points. Among sectoral indices, the Nifty Bank index rose 1.24 per cent led by a rise in the shares of Axis ...

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