You are here: Home » Markets » News
Business Standard

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 ...

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 Credit Cards and select Debit Cards (Issued by ICICI Bank only)
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.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

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

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
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.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
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 your 5 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.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

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 your 5 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 :

  • 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.
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

Emerging market flows rebound but second quarter inflow a tenth of first quarter: IIF Investors pumped $11.9 billion into emerging stocks and bonds in July, reversing some of June's hefty outflows, according to the Institute for International Finance (IIF).   The IIF, one of the most authoritative trackers of capital flows to and from the developing world, also said portfolio inflows to developing countries totalled just $11 billion in the second quarter, a tenth of the $118 billion received in Q1. READ MORE

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

Gold hits one-year low, headed for fourth weekly loss Gold prices fell to their lowest in over a year on Friday amid a resilient US dollar and were headed for a fourth straight weekly loss. Spot gold was down 0.1 per cent at $1,206.05 an ounce, after earlier dropping to the lowest since July 2017 at $1,204.91. For the week, the precious metal was down about 1.4 per cent. US gold futures were 0.5 per cent lower at $1,214.10 an ounce on Friday. READ MORE Gold

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
RECOMMENDED FOR YOU

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 ...

image
Business Standard
177 22