 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
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MARKET WRAP: Sensex ends 64 pts lower at 35,593, DHFL dips 6%; BoI jumps 8%
The S&P BSE Sensex lost 64 points or 0.18 per cent to close at 35,593 while NSE's Nifty50 index ended above 10,650 level at 10,652, down 9 points or 0.088 per cent.
 "MARKET WRAP: Sensex ends 64 pts lower at 35,593, DHFL dips 6%; BoI jumps 8%")
PSU banks gain; Bank of India rebounds 15% from day's low
Canara Bank, Vijaya Bank, Oriental Bank of Commerce, Allahabad Bank, Bank of Baroda, Indian Bank and Union Bank of India were up 2% to 4%.
 "PSU banks gain; Bank of India rebounds 15% from day's low")
YES Bank extends fall; stock down 11% in two days
The stock was down 5% to Rs 196 on Tuesday, falling 11% in past days from Friday's closing level of Rs 220 on the BSE.
 "YES Bank extends fall; stock down 11% in two days")
Praj Industries rallies 17% on strong Q3 results
The stock surged 17 per cent to Rs 132 after the company reported net profit of Rs 22.43 crore in Q3FY19 against Rs 7.52 crore in the year-ago quarter.
 "Praj Industries rallies 17% on strong Q3 results")
Escorts skids 6% on lower volume growth guidance for tractor industry
The stock was down 6% to Rs 634, falling 16% in past two weeks, as compared to 2% decline in the S&P BSE Sensex.
 "Escorts skids 6% on lower volume growth guidance for tractor industry")
MARKET WRAP: Sensex declines 369 pts, Nifty ends at 10,662 as banks plunge
On NSE, the benchmark Nifty50 index slipped below 10,700 level to settle at 10,662 with 36 components ending in the red and 14 in the green.
 "MARKET WRAP: Sensex declines 369 pts, Nifty ends at 10,662 as banks plunge")
HEG nears 52-week low; stock tanks 18%; down 31% in three sessions
The stock tanked 18% to Rs 2,244, falling 31% in past three trading days, quoting close to its 52-week low price of Rs 2,214 touched February 2, 2018 in intra-day trade.
 "HEG nears 52-week low; stock tanks 18%; down 31% in three sessions")
ICICI Bank down for eighth straight day; stock falls 5%
The stock was down 5% to Rs 338 on Monday, trading at its lowest level since December 11, 2018.
 "ICICI Bank down for eighth straight day; stock falls 5%")
M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low
Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows.
 "M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low")
Dish TV India hits 10-year low; stock tanks 43% in two sessions
Shares of Dish TV India hit a 10-year low of Rs 19.10, down 15 per cent on the NSE in intra-day trade.
 "Dish TV India hits 10-year low; stock tanks 43% in two sessions")
Larsen & Toubro gains 4% as Q3 results beat Street estimates
Shares of Larsen & Toubro (L&T) were up 4 per cent to Rs 1,337 on BSE in the early morning trade in an otherwise weak market after the company reported 37 per cent YoY rise in consolidated net profit.
 "Larsen & Toubro gains 4% as Q3 results beat Street estimates")
Rupee opens 17 paise higher against US dollar
The domestic unit weakened by 10 paise to close at 71.17 on Friday amid increasing demand for the greenback from exporters and heavy selling in domestic equities.
 "Rupee opens 17 paise higher against US dollar")
Zee Entertainment, Canara Bank, DHFL and L&T among top stocks to track
Here's a look at the top stocks that may hog the limelight in today's session:
 "Zee Entertainment, Canara Bank, DHFL and L&T among top stocks to track")
Zee Group shares tumble, Zee Entertainment sinks 31%, Dish TV tanks 37%
News reports said that the company was in talks with firms including Sony Pictures to sell half of their holding in the entity.
Maruti Q3 profit falls 17% YoY to Rs 1,489 crore; stock skids nearly 9%
Maruti Suzuki India (MSIL) on Friday reported a 17.26 per cent per cent fall in its net profit at Rs 1,489.3 crore for third quarter of FY19
 "Maruti Q3 profit falls 17% YoY to Rs 1,489 crore; stock skids nearly 9%")
Zee Entertainment, Dish TV, Ashok Leyland, Graphite India hit 52-week lows
Dena Bank, ICICI Securities, ICICI Prudential, Minda Inds, Nilkamal, Shankara Building Products, BASF India and Tata Elxsi were among 22 stocks from the S&P BSE 500 index hitting their respectively.
Maruti Suzuki skids 9% on disappointing Q3 results; stock hits 21-month low
The stock dipped 9 per cent to Rs 6,420, its lowest level since April 28, 2017, after reported 17.2 per cent year-on-year decline in net profit at Rs 1,489 crore in December quarter.
 "Maruti Suzuki skids 9% on disappointing Q3 results; stock hits 21-month low")
UltraTech Cement dips 5% on disappointing December quarter results
The stock dipped 5% to Rs 3,592 after the company posted a 13.6 per cent year-on-year decline in its consolidated net profit at Rs 394 crore in Q3FY19, due to higher operational costs.
 "UltraTech Cement dips 5% on disappointing December quarter results")
Spencer's Retail, CESC Ventures locked in 5% lower circuit on market debut
Spencer's Retail frozen 5 per cent lower circuit at Rs 213, while, CESC Ventures too, locked in 5 per cent lower circuit at Rs 521 on the BSE.
 "Spencer's Retail, CESC Ventures locked in 5% lower circuit on market debut")
Deepak Fertilisers gains 12% after falling 26% in seven trading sessions
The stock was up 12 per cent to Rs 119 on BSE on back of heavy volumes after the company gave a clarification on rumors in capital market with respect to the outstanding commercial papers
 "Deepak Fertilisers gains 12% after falling 26% in seven trading sessions")