MARKET WRAP: Sensex jumps 332 pts; Allahabad Bank tanks 10% on weak Q2 no
The S&P BSE Sensex gained 332 points or 1 per cent to settle at 35,144 while NSE's Nifty50 index gained 100 points or 1 per cent to close at 10,583.
 "Representative image")
Representative image
The domestic benchmark indices ended with sharp gains on Tuesday, amid recovery in Asian markets, dip in oil prices and buying in energy and banking stocks.
The S&P BSE Sensex gained 332 points or 1 per cent to settle at 35,144 while NSE's Nifty50 index gained 100 points or 1 per cent to close at 10,583.
Among sectoral indices, Nifty Pharma index ended 1 per cent lower, weighed by Sun Pharma and Aurobindo Pharma. Realty stocks, too, lost ground in the trade with the Nifty Realty index ending at 221.40, down 0.61 per cent.
TODAY'S GAINERS
Among individual stocks, Radico Khaitan rallied 8 per cent to Rs 441, extending their last four weeks' gain on the BSE, after the company reported a strong 73 per cent year-on-year (Y-o-Y) jump in net profit at Rs 495 million in September quarter (Q2FY19). The liquor firm had reported a profit of Rs 286 million in the year-ago quarter.
The S&P BSE Sensex gained 332 points or 1 per cent to settle at 35,144 while NSE's Nifty50 index gained 100 points or 1 per cent to close at 10,583.
Among sectoral indices, Nifty Pharma index ended 1 per cent lower, weighed by Sun Pharma and Aurobindo Pharma. Realty stocks, too, lost ground in the trade with the Nifty Realty index ending at 221.40, down 0.61 per cent.
TODAY'S GAINERS
Among individual stocks, Radico Khaitan rallied 8 per cent to Rs 441, extending their last four weeks' gain on the BSE, after the company reported a strong 73 per cent year-on-year (Y-o-Y) jump in net profit at Rs 495 million in September quarter (Q2FY19). The liquor firm had reported a profit of Rs 286 million in the year-ago quarter.
Operational revenue grew 28 per cent to Rs 19.06 billion on Y-o-Y basis. EBITDA margin expanded 300 basis points (bps) Y-o-Y to 17.71 per cent in Q2FY19 from 14.65 per cent in Q2FY18. READ MORE HERE
On the contrary, shares of Allahabad Bank tumbled 10 per cent to Rs 37.45 on BSE after reporting a net loss of Rs 18.23 billion in September quarter (Q2FY19), due to higher provisioning for bad loans and lower interest income. The state-owned bank posted net profit of Rs 702 million in the year-ago quarter. It reported a net loss of Rs 19.44 billion in June quarter.
GLOBAL MARKETS
On the contrary, shares of Allahabad Bank tumbled 10 per cent to Rs 37.45 on BSE after reporting a net loss of Rs 18.23 billion in September quarter (Q2FY19), due to higher provisioning for bad loans and lower interest income. The state-owned bank posted net profit of Rs 702 million in the year-ago quarter. It reported a net loss of Rs 19.44 billion in June quarter.
GLOBAL MARKETS
Asian shares pared losses as hopes for a de-escalation in the Sino-U.S. tariff war rose on a report that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries’ leaders.
Spreadbetters pointed to a positive start for Europe and US with E-minis for the S&P 500 and the Dow up 0.5 per cent each. FTSE futures were up 0.2 per cent.
Spreadbetters pointed to a positive start for Europe and US with E-minis for the S&P 500 and the Dow up 0.5 per cent each. FTSE futures were up 0.2 per cent.
Chinese shares reversed earlier losses with the blue-chip index climbing about 1 per cent.
(with Reuters input)
4:07 PM
Top sectoral gainers & losers on NSE
4:07 PM
S&P BSE Sensex: Top gainers & losers
3:42 PM
Market at close
The S&P BSE Sensex gained 332 points or 1 per cent to settle at 35,144 while NSE's Nifty50 index gained 100 points or 1 per cent to close at 10,583.
3:02 PM
Allahabad Bank tumbles 15% on weak Q2 results
Shares of Allahabad Bank tanked 15 per cent to Rs 35.40 on BSE after reporting a net loss of Rs 18.23 billion in September quarter (Q2FY19), due to higher provisioning for bad loans and lower interest income. The state-owned bank posted net profit of Rs 702 million in the year-ago quarter. It reported a net loss of Rs 19.44 billion in June quarter. Read more
2:51 PM
NEWS ALERT According to TV reports, Fortis Health board has approved issuing 235 mn equity shares at Rs 170 per share to Northern TK
2:47 PM
Market check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 35,054.32 | +241.33 | +0.69 |
| S&P BSE SENSEX 50 | 11,035.37 | +82.27 | +0.75 |
| S&P BSE SENSEX Next 50 | 31,968.61 | +97.41 | +0.31 |
| S&P BSE 100 | 10,831.90 | +73.63 | +0.68 |
| S&P BSE Bharat 22 Index | 3,446.45 | +21.18 | +0.62 |
2:43 PM
EARNINGS IMPACT
2:41 PM
NEWS ALERT Apollo Tyres Q2: Cons net profit up 4.1% at Rs 1.46 bn Vs Rs 1.40 bn (YoY)
2:29 PM
Eicher Motors trading over 5% higher
2:16 PM
Results impact: Allahabad Bank tanks over 12% as it reports a net loss of Rs 18.22 billion for September quarter Vs profit of Rs 702 million (YoY).
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First Published: Nov 13 2018 | 8:15 AM IST