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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

The S&P BSE Sensex shed 106 points or 0.29 per cent to settle at 36,107 with Tata Motors (up over 1 per cent) being the top gainer and IndusInd Bank (down over 2 per cent) the worst performer.

SI Reporter  |  New Delhi 

Markets, Up, Down, BSE, NSE, Stocks
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Snapping its four-day gaining streak, the domestic equity market closed in the negative territory on Thursday amid weak global cues and selling in financials counter.

The S&P BSE shed 106 points or 0.29 per cent to settle at 36,107 with Tata Motors (up over 1 per cent) being the top gainer and IndusInd Bank (down over 2 per cent) the worst performer. 

On NSE, the benchmark Nifty50 index settled at 10,822, down 34 points or 0.31 per cent with 30 components ending in the red and 20 in the green. 

INDIVIDUAL STOCKS
 
Shares of private sector lender Bandhan Bank ended at Rs 471.70, up 3.82 per cent after it reported a 10.3 per cent rise in its net profit at Rs 331 crore for third quarter (October-December) of FY18-19. The company had logged PAT of Rs 300 crore in the corresponding quarter of the previous year. 

Shares of Vakrangee hit an upper circuit of 5 per cent at Rs 37.90 on the BSE in early trade on Thursday after an inspection ordered by the Ministry of Corporate Affairs (MCA) into the accounts and operations of the company found no irregularity in matters pertaining to the resignation of its auditor, abnormal trading in the company’s stock, among other issues, the company said in its BSE filing.

Among the sectoral indices, financial stocks slipped the most with Bank index ending 0.69 per cent lower at 27,529. 

The mid-cap and small-cap indices were largely in sync with the benchmarks. The S&P BSE MidCap index ended at 15,196, up 0.49 per cent while S&P BSE SmallCap index closed 0.19 per cent higher at 14,628.
 
Global Markets

Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as await more on trade talks that have raised hopes of a deal to avert an all-out trade war.

MSCI’s broadest index of Asia-Pacific shares outside Japan was a tad lower, trading not far off a near four-week high. Australian shares were down 0.2 per cent, while Japan’s Nikkei eased 1.2 per cent.

Prices

prices dipped on Thursday on swelling supply, although the mood in global was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth.

West Texas Intermediate (WTI) crude futures were at $51.93 per barrel, down 43 cents, or 0.8 per cent, from their last settlement. International Brent crude futures had yet to trade.

(with Reuters input)

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Sectoral gainers and losers

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Gainers and losers of the day on S&P BSE Sensex

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Market at close   The S&P BSE Sensex ended at 36,107, down 106 points or 0.3 per cent lower, while the broader Nifty50 index settled at 10,822, down 34 points or 0.3 per cent.

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Bandhan Bank Q3 net climbs 10% YoY to Rs 331 crore; stock surges over 4% Private sector lender Bandhan Bank on Thursday reported a 10.3 per cent rise in its net profit at Rs 331 crore for third quarter (October-December) of FY18-19. The company had logged PAT of Rs 300 crore in the corresponding quarter of the previous year. Operating profit for the quarter increased by 56.8 per cent at Rs 900 crore against 1,574 crore in the corresponding quarter of the previous year, the company said in its press release. Read more  

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Top gainers and losers on S&P BSE Sensex

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

Top losers on BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME LUX INDUSTRIES 1149.00 -73.25 -5.99 11382 TATA INV.CORPN. 859.60 -34.10 -3.82 7115 PHOENIX MILLS 555.45 -21.30 -3.69 3713 V-MART RETAIL 2300.00 -79.60 -3.35 682 H P C L 232.90 -6.45 -2.69 344904 » More on Top Losers

MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

AGC Networks completes acquisition of Black Box Corp; stock rises 10% Shares of AGC Networks locked in upper circuit of 10 per cent at Rs 115 on BSE after the company announced that its wholly-owned subsidiary has completed the acquisition of Black Box Corporation, a leading digital solutions provider in the US. “The combination with Black Box will substantially strengthen AGC’s presence and offerings in North America, Latin America, Europe and Asia. The acquisition will also help add US$600 million to AGC’s revenue, taking the company’s combined revenue to over US$750 million, and global headcount to more than 4,000 people serving clients worldwide,” AGC Networks said in a press release. Read more

First Published: Thu, January 10 2019. 08:16 IST
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MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800

The S&P BSE Sensex shed 106 points or 0.29 per cent to settle at 36,107 with Tata Motors (up over 1 per cent) being the top gainer and IndusInd Bank (down over 2 per cent) the worst performer.

Snapping its four-day gaining streak, the domestic equity market closed in the negative territory on Thursday amid weak global cues and selling in financials counter.

The S&P BSE shed 106 points or 0.29 per cent to settle at 36,107 with Tata Motors (up over 1 per cent) being the top gainer and IndusInd Bank (down over 2 per cent) the worst performer. 

On NSE, the benchmark Nifty50 index settled at 10,822, down 34 points or 0.31 per cent with 30 components ending in the red and 20 in the green. 

INDIVIDUAL STOCKS
 
Shares of private sector lender Bandhan Bank ended at Rs 471.70, up 3.82 per cent after it reported a 10.3 per cent rise in its net profit at Rs 331 crore for third quarter (October-December) of FY18-19. The company had logged PAT of Rs 300 crore in the corresponding quarter of the previous year. 

Shares of Vakrangee hit an upper circuit of 5 per cent at Rs 37.90 on the BSE in early trade on Thursday after an inspection ordered by the Ministry of Corporate Affairs (MCA) into the accounts and operations of the company found no irregularity in matters pertaining to the resignation of its auditor, abnormal trading in the company’s stock, among other issues, the company said in its BSE filing.

Among the sectoral indices, financial stocks slipped the most with Bank index ending 0.69 per cent lower at 27,529. 

The mid-cap and small-cap indices were largely in sync with the benchmarks. The S&P BSE MidCap index ended at 15,196, up 0.49 per cent while S&P BSE SmallCap index closed 0.19 per cent higher at 14,628.
 
Global Markets

Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as await more on trade talks that have raised hopes of a deal to avert an all-out trade war.

MSCI’s broadest index of Asia-Pacific shares outside Japan was a tad lower, trading not far off a near four-week high. Australian shares were down 0.2 per cent, while Japan’s Nikkei eased 1.2 per cent.

Prices

prices dipped on Thursday on swelling supply, although the mood in global was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth.

West Texas Intermediate (WTI) crude futures were at $51.93 per barrel, down 43 cents, or 0.8 per cent, from their last settlement. International Brent crude futures had yet to trade.

(with Reuters input)

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