Nifty PSU Bank index ends 3.22% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) ALLAHABAD BANK 42.75 44.80 -2.05 -4.58 CANARA BANK 269.90 282.35 -12.45 -4.41 ANDHRA BANK 32.60 34.05 -1.45 -4.26 SYNDICATE BANK 39.55 41.30 -1.75 -4.24 BANK OF INDIA 90.00 93.60 -3.60 -3.85

Sectoral Trend

Top Sensex gainers and losers

Markets at Close The S&P BSE Sensex ended the day at 37,645, down 224 points while the broadr Nifty50 index setted at 11,356, down 74 points

Outlook on Indian banks to stay negative over weak core capital: Fitch Fitch Ratings on Monday said its outlook on Indian banking sector is likely to remain negative until banks, especially the public sector ones, address their weak core capital positions.   They need to improve capital base against mounting bad debt and poor financial performance, Fitch said. READ MORE

Gold prices fall further on dollar strength Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid financial crisis in Turkey. Spot gold had dropped 0.2 percent to $1,208.50 an ounce by 0655 GMT, hovering not far from a 17-month low of $1,204 hit earlier in August. U.S. gold futures were down 0.3 percent at $1,215.7 an ounce. READ MORE

Oil dips as emerging market woes dim demand outlook Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, but U.S. sanctions against Iran pointed towards tighter supply ahead.   Benchmark Brent crude oil was down 25 cents at $72.56 per barrel. U.S. light crude was 25 cents lower at $67.38 a barrel. READ MORE

Apollo Hospitals surges 15% on strong Q1 results Shares of Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the BSE after the company posted a strong 70.86% year on year growth in net profit at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a profit of Rs 352.1 million during the same period last year. READ MORE

Nifty sectoral trend

BSE Sensex gainers and losers

Antique Stock Broking on Future Retail We expect margin expansion to continue, led by improvement in business mix, reduction in losses, and attaining of profitability in HyperCity, post restructuring. Further improvement in profitability of the small store business will aid margins in the coming years. In view of the underperformance on the earnings front, we cut our EPS estimates for FY19E and FY20E by 26% and 17% respectively to INR14.1 and INR15.0. Our target price stands revised to Rs 596. We maintain BUY