You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

State Bank of India rose 3.8 per cent to Rs 296.10 after the country's largest PSU bank reported a net profit of Rs 944.87 crores in the September quarter

SI Reporter  |  New Delhi 

markets, sebi

The benchmark indices settled slightly lower on Monday tracking the weakness in rupee and the Asian markets. 

The S&P BSE Sensex ended at 34,951, down 61 points (-0.17 per cent), while the broader Nifty50 index settled at 10,524, down 29 points (-0.27 per cent).

The rupee traded on a weak note slipping to 73.11 against the US dollar in intra-day trade on Monday, down from its Friday's close of 72.43 per dollar.

Amid stock specific action, Axis Bank settled 2 per cent higher at Rs 623.10 on the National Stock Exchange (NSE) after the private sector lender posted a better-than-expected 82.6 per cent jump in second-quarter profit, boosted by higher interest income and as asset quality improved. State Bank of India rose 3.8 per cent to Rs 296.10 after the country's largest PSU bank reported a net profit of Rs 944.87 crores in the September quarter vs a loss of Rs 4,875.85 crores in June quarter.

MUHURAT TRADING

Stock markets would remain closed on Wednesday and Thursday for 'Diwali Laxmi Pujan' and 'Diwali Balipratipada'. The BSE and NSE will conduct a special 'Muhurat' trading session on Wednesday, November 7 between 5:00 pm and 6:30 pm, the stock exchanges informed on Friday. 

GLOBAL MARKETS

Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.4 per cent on Monday, slipping back towards last week's 1-1/2 year trough of 505.61 points. Japan's Nikkei stumbled 1.6 per cent while South Korea's KOSPI index fell 1.4 per cent. Chinese shares opened in the red with blue-chip stocks off 1.2 per cent as President Xi Jinping acknowledged conditions abroad had created some challenges for the Chinese economy.

(with Reuters input)

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

SBI ends 3.77% up post declaration of Q2 results

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

Sectoral performers on NSE

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

BSE Sensex gainers and losers of the day

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

Market at close The S&P BSE Sensex ended at 34,951, down 61 points (-0.17 per cent), while the broader Nifty50 index settled at 10,524, down 29 points (-0.27 per cent).

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

Stock Impact: SBI gains 4% after posting Q2 net profit at Rs 944.87 crores vs loss of 4875.85 crores in June quarter

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

NEWS ALERT SBI's Net Profit comes in at Rs 944.9 crores

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

NEWS ALERT IGL reports Q2 net profit at Rs 187.28 crores vs Rs 168.87 crores year-ago

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

Cipla records sharpest fall in one year post Q2 results; stock down 8%   Shares of Cipla dipped 8% to Rs 558 on the BSE after the pharmaceutical company posted an 11% decline in its consolidated net profit at Rs 3.77 billion for the September quarter (Q2FY19). It had reported a profit of Rs 4.23 billion in the year-ago quarter. The stock recorded its sharpest intra-day fall in since November 7, 2017. Read more

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

Devangshu Datta Vital to maintain GST numbers   Car sales are a good indicator of economic health. Buying a vehicle is a big-ticket expense. The auto industry has a very long value-chain. Automobile manufacturing drives demand for primary metal miners, plastics, electronics, forgings, cables, rubber, etc. Since manufacturers are basically assemblers, there is a large ecosystem of OEM suppliers. Read more 

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

KEI Industries up 25% in three days on healthy Q2 results Shares of KEI Industries have moved higher by 6% to Rs 384 per share, surging 25% in past three trading days, after the company reported a healthy 45% growth in net profit at Rs 414 million in September quarter (Q2FY19). It had a profit of Rs 285 million in the year-ago quarter.   The company’s net sales during the quarter under review grew 33% at Rs 9.97 billion, against Rs 7.49 billion in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin was stable at 10.2%. READ MORE

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

NEWS ALERT GAIL reports better-than-expected September quarter result; natural gas EBIT rises 27.3% at Rs 894 cr Vs Rs 703 cr (QoQ)

First Published: Mon, November 05 2018. 08:10 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

State Bank of India rose 3.8 per cent to Rs 296.10 after the country's largest PSU bank reported a net profit of Rs 944.87 crores in the September quarter

The benchmark indices settled slightly lower on Monday tracking the weakness in rupee and the Asian markets. 

The S&P BSE Sensex ended at 34,951, down 61 points (-0.17 per cent), while the broader Nifty50 index settled at 10,524, down 29 points (-0.27 per cent).

The rupee traded on a weak note slipping to 73.11 against the US dollar in intra-day trade on Monday, down from its Friday's close of 72.43 per dollar.

Amid stock specific action, Axis Bank settled 2 per cent higher at Rs 623.10 on the National Stock Exchange (NSE) after the private sector lender posted a better-than-expected 82.6 per cent jump in second-quarter profit, boosted by higher interest income and as asset quality improved. State Bank of India rose 3.8 per cent to Rs 296.10 after the country's largest PSU bank reported a net profit of Rs 944.87 crores in the September quarter vs a loss of Rs 4,875.85 crores in June quarter.

MUHURAT TRADING

Stock markets would remain closed on Wednesday and Thursday for 'Diwali Laxmi Pujan' and 'Diwali Balipratipada'. The BSE and NSE will conduct a special 'Muhurat' trading session on Wednesday, November 7 between 5:00 pm and 6:30 pm, the stock exchanges informed on Friday. 

GLOBAL MARKETS

Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.4 per cent on Monday, slipping back towards last week's 1-1/2 year trough of 505.61 points. Japan's Nikkei stumbled 1.6 per cent while South Korea's KOSPI index fell 1.4 per cent. Chinese shares opened in the red with blue-chip stocks off 1.2 per cent as President Xi Jinping acknowledged conditions abroad had created some challenges for the Chinese economy.

(with Reuters input)

image
Business Standard
177 22