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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Among the sectoral indices, the Nifty IT index settled 2.7 per cent higher led by a rise in MindTree, Infosys and Tata Consultancy Services (TCS) which rose in the range of 4 to 5.7 per cent.

Topics
Market Wrap  |  Sensex  |  Nifty

SI Reporter  |  New Delhi 

  The benchmark indices settled higher for the third consecutive session on Wednesday led by a rise in information technology (IT) and select bank stocks. The S&P BSE Sensex ended at 35,717, up 204 points (0.57 per cent), while the broader Nifty50 index settled at 10,729, up 43 points. Among the sectoral indices, the Nifty IT index settled 2.7 per cent higher led by a rise in MindTree, Infosys and Tata Consultancy Services (TCS) which rose in the range of 4 to 5.7 per cent. In the broader markets, however, both the S&P BSE MidCap index and the S&P ...

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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

S&P Sensex: Top gainers & losers

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Market at close   The S&P BSE Sensex gained 204 points or 0.57 per cent to settle at 35,717 while NSE's Nifty50 index added 43 points or 0.40 per cent to end the session at 10,729.

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

NEWS ALERT BoB offcial says swap ratio of proposed merger with 2 PSU banks to be decided by December-end, reports CNBC-TV18  

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Power Finance Corporation, REC fall 10% on merger reports   Shares of state-owned lenders to utilities REC and Power Finance Corporation (PFC) are down 10% each on BSE amid reports that the government is considering merger of these two companies. REC has slipped 10% to Rs 110, while PFC dipped 10.5% to Rs 91 on BSE in the intra-day trade on Wednesday. In comparison, the S&P BSE Sensex was up 0.61% at 35,730 points at 02:17 pm. Read more

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Why stock valuations don't matter much in global emerging markets   Like the Nasdaq, emerging markets are no strangers to booms and busts. Unlike the US market, valuations no longer matter much outside the developed world. That’s because sell-side analysts’ earnings estimates are unreliable. The 10 per cent correction in the Nasdaq 100 Index in October shouldn’t have surprised US analysts – they’ve been revising down earnings estimates since April, when trade tensions started to brew. READ MORE

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Nifty IT index gains 5% in three days; TCS, Infosys up over 4% in intra-day Shares of information technology (IT) companies are trading higher for the third straight session, with the Nifty IT index gaining 5% so far during this period on value buying. Tata Consultancy Services (TCS) and Infosys, from the index, are up 4% each at Rs 1,961 and Rs 663, respectively. NIIT Technologies, Mindtree, Tata Elxsi, Tech Mahindra and HCL Technologies are up in the range of 1% to 3% on the National Stock Exchange (NSE). Read more

MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

GLOBAL MARKETS European shares rebounded at the open on Wednesday as the trade war fears which had pushed indexes in the red during the previous session eased on the prospect of a meeting between the US and Chinese presidents at a G20 meeting in Argentina. The pan-European STOXX 600 benchmark was up 0.4 per cent by 0814 with most major bourses trading comfortably in positive territory.   Source: Reuters 

First Published: Wed, November 28 2018. 08:15 IST
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MARKET WRAP: Sensex rises 204 pts; YES Bank hits 52-week low; Jet gains 4%

Among the sectoral indices, the Nifty IT index settled 2.7 per cent higher led by a rise in MindTree, Infosys and Tata Consultancy Services (TCS) which rose in the range of 4 to 5.7 per cent.

  The benchmark indices settled higher for the third consecutive session on Wednesday led by a rise in information technology (IT) and select bank stocks. The S&P BSE Sensex ended at 35,717, up 204 points (0.57 per cent), while the broader Nifty50 index settled at 10,729, up 43 points. Among the sectoral indices, the Nifty IT index settled 2.7 per cent higher led by a rise in MindTree, Infosys and Tata Consultancy Services (TCS) which rose in the range of 4 to 5.7 per cent. In the broader markets, however, both the S&P BSE MidCap index and the S&P ...

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