Sensex ends flat but up 2% for the week, Nifty settles below 10,350
All that happened in the market today
 "Nifty")
Source: NSE
The Nifty50 index pared gains to end in negative after hitting record highs earlier in the session, as Yes Bank slumped nearly 10% on concerns over bad loans. The Sensex ended flat but at new closing high for the day.
The NSE Nifty and BSE Sensex were gained more than 1.5% each for the week after the cabinet’s decision to inject $32.4 billion into state-run lenders over the next two years boosted sentiment.
The NSE Nifty and BSE Sensex were gained more than 1.5% each for the week after the cabinet’s decision to inject $32.4 billion into state-run lenders over the next two years boosted sentiment.
Analysts said markets may take a breather as investors digest corporate results. Q2 earnings of Indian Oil Corporation, ITC, also affected the sentiment.
Globally, Asian shares gained on Friday as technology stocks were boosted by upbeat earnings from US high-tech giants while the euro hovered near a three-month low against the dollar after the European Central Bank extended its stimulus.
3:46 PM
Market rundown by Anand James, Chief Market Strategist at Geojit Financial Services
"Domestic indices remained volatile within a narrow range as a mixed bag of corporate numbers and profit booking in PSBs crippled the market's momentum. However, optimism in pharma and FMCG stocks guarded the key support levels. Small and midcap stocks continued to show strength ahead of MSME’s meeting with the GST council scheduled on Sunday. Revival in the banking sector seems to have eased the nerves of FIIs and now market will be expectant on further updates on GST implementations in petroleum products and better Q2 numbers."
3:42 PM
YES Bank tanks over 7%
3:40 PM
Sectoral trend
Source: NSE
3:37 PM
Top Sectoral Gainer: Nifty Pharma
Source: NSE
3:36 PM
Nifty PSU Bank index down 4% on profit booking
Source: NSE
3:34 PM
Top Sensex gainers and losers
Source: BSE
3:33 PM
Markets at close
The Nifty50 index pared gains to end in negative after hitting record high earlier in the session, as Yes Bank slumped nearly 10% on concerns over bad loans. The Sensex ended flat but at new closing high for the day.
The S&P BSE Sensex ended at 33,157, up 10 points while the broader Nifty50 index ended at 10,323, down 20 points.
The Nifty50 index pared gains to end in negative after hitting record high earlier in the session, as Yes Bank slumped nearly 10% on concerns over bad loans. The Sensex ended flat but at new closing high for the day.
The S&P BSE Sensex ended at 33,157, up 10 points while the broader Nifty50 index ended at 10,323, down 20 points.
3:18 PM
IOC Q2
State-run oil marketing major, Indian Oil, reported a fall of 18.7% in its net profit for September quarter at Rs 3,696 crore against Rs 4,548 crore during the previous quarter. The revenue came in 13.7% lower at Rs 1.1 lakh crore against Rs 1.28 lakh crore quarter on quarter.
3:11 PM
ITC Q2 net increases nearly 6% at Rs 2,640 cr
ITC Ltd reported almost 6% rise in net profit at Rs 2,640 cr for the September quarter as against Rs 2,500 crore in year-ago period.
Revenue increased 7% to Rs 10,314 crore as compared to Rs 9,661 crore in September 2016.
3:01 PM
Market Check at 3 pm
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,184.34 | +37.21 | +0.11 |
| S&P BSE SENSEX 50 | 10,716.34 | -7.52 | -0.07 |
| S&P BSE SENSEX Next 50 | 35,813.39 | +37.30 | +0.10 |
| S&P BSE 100 | 10,757.50 | -4.30 | -0.04 |
| S&P BSE MidCap | 16,401.30 | +66.94 | +0.41 |
2:50 PM
Earnings Impact : J&K Bank
2:38 PM
JM Financial Research on Yes Bank
Rating - BUY at Rs 390
Yes Bank reported elevated NPL divergence levels (FY17 NPLs at 1.5% against actuals of 6.0%) along with 2Q results. However, it continues to report strong recovery capabilities considering that effective slippage is just 19% of FY17 divergent NPLs (and 0.9% of loans). The divergence primarily emanates from non-consortium exposures and this, according to us, is key differentiating factor with respect to its strong recovery rates.
Our positive view on Yes is based on the following: a) its strong PPOP engine which is more than commensurate with its "perceivedly" risky exposures. b) growth trajectory that is amongst best in the class and c) valuations which we believe adequately factor the risks.
Additionally, given the fact that large part of economic stress creation/recognition is behind us, we believe divergences should reduce (but will still persist) gradually. We will remain buyers of the name on material dips post the results. Maintain BUY with unchanged TP - which values Yes bank at a 30% discount to larger retail lenders.
2:26 PM
Europe Check
European stocks opened higher, supported by upbeat earnings from US tech giants and the prospect of continuing stimulus in Europe.
European stocks opened higher, supported by upbeat earnings from US tech giants and the prospect of continuing stimulus in Europe.
The pan-European Stoxx 600 opened up around 0.33% shortly after the opening bell, with almost all sectors and major bourses in positive territory.
2:11 PM
Maruti Suzuki Q2 net up 3% at Rs 2,484 cr
Automaker Maruti Suzuki reported 3% rise in net profit at Rs 2,484 crore for the quarter ending September as against Rs 2,401 crore in the same period a year ago.
Revenue rose 22% to Rs 21,768 crore.
1:50 PM
Earnings Impact: Maruti Q2
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First Published: Oct 27 2017 | 3:30 PM IST