MARKET WRAP: Sensex settles 158 points lower at 35,876; YES Bank surges 32%
All that happened in markets today
 "Markets, Stocks, BSE, NSE")
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The frontline indices ended lower on Thursday led by a fall in IT, metal and financial stocks.
The S&P BSE Sensex ended at 35,158, down 158 points or 0.44 per cent, while the broader Nifty50 index settled at 10,746, down 48 points or 0.44 per cent.
The S&P BSE Sensex ended at 35,158, down 158 points or 0.44 per cent, while the broader Nifty50 index settled at 10,746, down 48 points or 0.44 per cent.
Among the sectoral indices, the Nifty IT index, the top loser of the day, settled 1.12 per cent lower driven by a fall in Oracle Financial Services Software and Infosys. The Nifty Financial Services index, too, ended 0.57 per cent lower weighed by HDFC Bank and Bajaj Finserv.
In the broader market, the S&P BSE MidCap index ended 72 points, or 0.52 per cent lower, while S&P BSE SmallCap index settled at 13,363, down 23 points, or 0.17 per cent.
BUZZING STOCKS
Shares of YES Bank zoomed 30 per cent to Rs 220 on the National Stock Exchange (NSE) in intra-day trade, after the private sector bank said the Reserve Bank of India (RBI) has not found any divergence in the asset classification and provisioning done by the lender during financial year 2017-18. The stock ended 31.37 per cent higher at Rs 222.60.
Shares of Zee Entertainment Enterprises (ZEEL) rose 8 per cent to Rs 440 apiece in the intra-day trade, rallying 52 per cent from their January's low on the BSE. The stock closed at Rs 433.30, up 6.19 per cent.
GLOBAL MARKETS
Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-US tariff talks amid reports the White House could extend the deadline for a deal.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, though that was off a peak last seen in early October. Japan’s Nikkei edged up 0.1 per cent to its highest for the year as a weakening yen boosted export stocks. E-Mini futures for the S&P 500 added 0.15 per cent.
(with Reuters input)
3:37 PM
Sectoral gainers and losers of the day on NSE
3:36 PM
Gainers and losers of the day on S&P BSE Sensex
3:35 PM
Market at close
The S&P BSE Sensex ended at 35,158, down 158 points or 0.44 per cent, while the broader Nifty50 index settled at 10,746, down 48 points or 0.44 per cent.
3:22 PM
EARNINGS IMPACT
3:18 PM
NEWS ALERT
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Why PNB's stock may not regain Street's confidence anytime soon
The December quarter (Q3) was a mixed bag for Punjab National Bank (PNB). The good news from the scam-hit public sector bank is that the impact of last year’s Nirav Modi fraud is fully captured. So, fresh pain from the incident is unlikely to arise.
Moreover, the bank has returned to its profit making ways after three quarters of losses. Improvement in headline asset quality numbers is another positive takeaway. READ MORE
2:48 PM
Reliance Securities on NCC
RATING: BUY
CMP: Rs 84
Target Price: Rs 165
Deterioration in working capital cycle – mainly led by higher working capital requirement due to mobilisation advances to sub-contractors for new projects – was a prime concern for NJCC. We expect its working capital requirement to remain high considering robust order book. Thus, marginally tweaking our one year EV/EBITDA target multiple to 7.5x (from 8x earlier), we maintain our BUY recommendation on the stock with a revised SOTP-based Target Price of Rs 165.
2:38 PM
» More on Top Losers
Top losers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
| ORACLE FIN.SERV. | 3564.55 | -254.25 | -6.66 | 14118 |
| RAIN INDUSTRIES | 94.45 | -6.15 | -6.11 | 251789 |
| NBCC | 48.45 | -3.10 | -6.01 | 1820418 |
| TAKE SOLUTIONS | 113.00 | -6.10 | -5.12 | 21159 |
| REL. COMM. | 5.48 | -0.29 | -5.03 | 7627242 |
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2:14 PM
Market check
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First Published: Feb 14 2019 | 8:14 AM IST