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MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

The S&P BSE Sensex shed 156 points or 0.43 per cent to settle at 35,854 amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins.

SI Reporter  |  New Delhi 

Taking cues from global equities, the domestic equity market ended in the red for the third consecutive day on Monday. The S&P BSE Sensex shed 156 points or 0.43 per cent to settle at 35,854 amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins.  The NSE's Nifty50 index dropped 57 points or 0.53 per cent to end at 10,738. Out of 50 constituents, 38 declined while 12 advanced.    Among the sectoral indices, metal stocks lost the most with the Nifty Metal index ending 1 per cent lower at 2,939.35. The Nifty ...

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MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Sectoral gainers and losers of the day

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Gainers and losers of the day on BSE Sensex

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Market at close   The S&P BSE Sensex ended at 35,854, down 156 points or 0.44 per cent, while the broader Nifty50 index settled at 10,738, down 57 points or 0.53 per cent.

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Bharti Airtel in talks to buy Telkom Kenya: sources India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday.   London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered in 2015, the sources said. READ MORE

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Jet Airways shares jump after report chairman likely to step down Shares in India's Jet Airways jumped over 18 percent on Monday after a report that founder and chairman Naresh Goyal was likely to step down from the board of the embattled company and give up majority control.   CNBC TV18, citing sources, reported on Monday that Jet was likely to finalise a resolution plan with its lenders this week, and that Goyal would trim his 51 percent stake to 20-25 percent and agree to voting rights on his stake being capped at 10 percent, in a bid to save the debt-laden carrier. READ MORE

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Earnings growth may help Indian equities in 2019, say foreign brokerages Valuations remain stretched for Indian equities but foreign brokerages are optimistic that improved macros and the pick-up in corporate earnings growth may help Indian equities to end the year with gains. The elections might bring in volatility but are unlikely to bring sharp swings in the long run. Here are factors, they say, could impact Indian equities in 2019

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

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MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

GAIL hits three-month low; stock down 5% Shares of GAIL (India) hit a three-month low of Rs 322 apiece, down 5 per cent on the National Stock Exchange (NSE) on Monday on concerns of weak December quarter earnings. The stock was trading at its lowest level since October 5, 2018, when it touched a 52-week low of Rs 295 in the intra-day trade. Since November 5, post-September quarter (Q2FY19) results, GAIL has underperformed the market by falling 12 per cent. In comparison, the Nifty 50 index was up 2 per cent during the same period. Read more

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Top gainers and losers on S&P BSE Sensex

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Eveready Industries extends rally on reports of promoter stake sale plan Shares of Eveready Industries India rose 7 per cent to Rs 219 apiece, bouncing back 8 per cent from their early morning low on the BSE on Monday amid reports that BM Khaitan - led Williamson Magor has rolled out sale plan for flagship company, a leader in dry cell batteries and flashlights. Eveready Industries, however, did not confirm or deny the said media report. “The Company has always been updating the Exchanges regularly with all the events, information, etc. are required to be intimated under Regulations 30 of SEBI (LODR) Regulations, 2015 concerning the Company as may be reasonably required,” Eveready Industries said on clarification on news report on Saturday, January 12, 2019. Read more

MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

Brick & mortar retailers to get a 150-200 bps topline boost: CRISIL Ratings   Revenue growth of brick & mortar (B&M) retailers could increase 150-200 basis points (bps) in fiscal 2020, as e-retailers re-engineer business models to conform to the revised – and more stringent – regulations, which would slow down their revenue growth.

First Published: Mon, January 14 2019. 08:03 IST
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MARKET WRAP: Sensex loses 156 pts on weak global cues; Nifty ends at 10,738

The S&P BSE Sensex shed 156 points or 0.43 per cent to settle at 35,854 amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins.

Taking cues from global equities, the domestic equity market ended in the red for the third consecutive day on Monday. The S&P BSE Sensex shed 156 points or 0.43 per cent to settle at 35,854 amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins.  The NSE's Nifty50 index dropped 57 points or 0.53 per cent to end at 10,738. Out of 50 constituents, 38 declined while 12 advanced.    Among the sectoral indices, metal stocks lost the most with the Nifty Metal index ending 1 per cent lower at 2,939.35. The Nifty ...

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