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MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

In key stocks, RIL fell 3.5 per cent to Rs 1,063.20 on the NSE, Asian Paints slipped 3.1 per cent to Rs 1,196.90 and Dewan Housing Finance Corporation (DHFL) declined 11.1 per cent to Rs 187.00.

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market fluctuation

The benchmark indices ended lower on Monday weighed by blue-chip firms like IndusInd Bank, YES Bank, Reliance Industries (RIL) and Asian Paints.

The S&P BSE Sensex ended at 34,134, down 181 points, while the broader Nifty50 index settled at 10,245, down 58 points.

Among sectoral indices, the Nifty Bank index settled largely flat. ICICI Bank rose 4 per cent to Rs 328.20. However, IndusInd Bank crashed 7 per cent to end at Rs 1,467.00.

In key stocks, RIL fell 3.5 per cent to Rs 1,063.20 on the NSE, Asian Paints slipped 3.1 per cent to Rs 1,196.90 and Dewan Housing Finance Corporation (DHFL) declined 11.1 per cent to Rs 187.00.

Global Markets

Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

Blue chips in Shanghai jumped 4.8 per cent in the largest daily gain in three years, adding to Friday's bounce on Beijing's pledge of support for the economy and companies.

That helped E-Mini futures for the S&P 500 recoup all their initial losses to push 0.2 per cent higher. MSCI's broadest index of Asia-Pacific shares outside Japan turned on a dime to rise 1 per cent.

Japan's Nikkei moved up 0.4 per cent, after being down more than 1 per cent earlier, while South Korean stocks were flat.

(with Reuters inputs)

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Sectoral gainers and losers on NSE

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Market at close   The S&P BSE Sensex shed 181 points or 0.53 per cent to settle at 34,134 while NSE's Nifty50 index dropped 58 points or 0.57 per cent to end at 10,245.

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Large private banks set to gain big amid NBFC turmoil, rising rates: MS Large private sector banks in India are well-positioned and look set to dominate the Indian financial industry going ahead, feels Morgan Stanley.   The global financial services firm noted in its research report that the changing industry dynamics, viz higher rates and NBFC turmoil are set to improve large banks' positioning even more. That apart, better retail funding bases and digitisation initiatives are other key favourables for large banks. READ MORE

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Kansai Nerolac Paints falls 9% on weak Q2 results Shares of Kansai Nerloac Paints have slipped 9% to Rs 378 per share, also their 52-week low on the BSE, after the company posted a 15.6% year on year (YoY) declined in its net profit at Rs 1.22 billion in September quarter (Q2FY19), due to higher operational cost. The company had a profit of Rs 1.45 billion in the same quarter last fiscal. READ MORE

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 34,292.09 -23.54 -0.07   S&P BSE SENSEX 50 10,767.02 -7.99 -0.07   S&P BSE SENSEX Next 50 30,366.29 -43.73 -0.14   S&P BSE 100 10,526.07 -8.86 -0.08   S&P BSE Bharat 22 Index 3,332.45 +7.40 +0.22

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Jet Airways falls 6% after clarification on Tata investment   Shares of Jet Airways (India) slipped 6.5% to Rs 219 per share on the BSE in intra-day trade after the company said that the news report of Tata Group being in talks to buy a majority stake in the airline is speculative in nature. “The news is speculative in nature and that there is no discussion or decision in the Board which would require the disclosure,” Jet Airways said in a regulatory. The airline made the clarification on news report that Tata Group is in talks to buy a majority stake in debt-laden Jet Airways. Read more

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

NBFC woes will weigh on indices, writes Devangshu Datta   After the appointment of the new board, we're learning that the tentacles of Infrastructure Leasing & Financial Services (IL&FS) were spread even wider than most people guessed. The company had over 300 subsidiaries and the board is struggling to assess the new information. Various directors have to be replaced in the subsidiaries and a fresh audit has to be performed to get a clearer picture of the financial status. Read More

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Looking to invest in equity-related instruments? Here's your fund pick   Launched on April 11, 2007, Invesco India Contra Fund is classified under the value/contra funds category of CRISIL Mutual Fund Ranking (CMFR) of June 2018. It featured in the top 30 percentile in the value/contra funds category for the two quarters ended June 2018.   The fund is jointly managed by Taher Badshah (since January 2017) and Amit Ganatra (August 2012). The fund’s month-end assets under management (AUM) increased about three times from Rs 8.7 billion in October 2015 to Rs 24.9 billion in September 2018. READ MORE

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 34,420.71 +105.08 +0.31   S&P BSE SENSEX 50 10,809.18 +34.17 +0.32   S&P BSE SENSEX Next 50 30,536.96 +126.94 +0.42   S&P BSE 100 10,570.00 +35.07 +0.33   S&P BSE Bharat 22 Index 3,336.72 +11.67 +0.35 (Source: BSE)

MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

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MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

In key stocks, RIL fell 3.5 per cent to Rs 1,063.20 on the NSE, Asian Paints slipped 3.1 per cent to Rs 1,196.90 and Dewan Housing Finance Corporation (DHFL) declined 11.1 per cent to Rs 187.00.

The benchmark indices ended lower on Monday weighed by blue-chip firms like IndusInd Bank, YES Bank, Reliance Industries (RIL) and Asian Paints.

The S&P BSE Sensex ended at 34,134, down 181 points, while the broader Nifty50 index settled at 10,245, down 58 points.

Among sectoral indices, the Nifty Bank index settled largely flat. ICICI Bank rose 4 per cent to Rs 328.20. However, IndusInd Bank crashed 7 per cent to end at Rs 1,467.00.

In key stocks, RIL fell 3.5 per cent to Rs 1,063.20 on the NSE, Asian Paints slipped 3.1 per cent to Rs 1,196.90 and Dewan Housing Finance Corporation (DHFL) declined 11.1 per cent to Rs 187.00.

Global Markets

Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

Blue chips in Shanghai jumped 4.8 per cent in the largest daily gain in three years, adding to Friday's bounce on Beijing's pledge of support for the economy and companies.

That helped E-Mini futures for the S&P 500 recoup all their initial losses to push 0.2 per cent higher. MSCI's broadest index of Asia-Pacific shares outside Japan turned on a dime to rise 1 per cent.

Japan's Nikkei moved up 0.4 per cent, after being down more than 1 per cent earlier, while South Korean stocks were flat.

(with Reuters inputs)

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