IndiaCatalog.com
India News
Search Web Directory
News Home
Sensex snaps 3-day winning run; Yes Bank tumbles over 3 pc
Posted on 12th June 2019
The BSE Sensex snapped its three-day rising streak to end 194 points lower on Wednesday, pressured by losses in banking and auto stocks amid a broad sell-off in overseas markets.

Investors were also cautious ahead of the release of inflation and factory output numbers, traders said.

After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48%, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10.

Similarly, the broader NSE Nifty fell 59.40 points, or 0.50%, to close at 11,906.20. During the day, the index touched a low of 11,866.35 and a high of 11,962.45.

Yes Bank was the worst performer in the Sensex pack, declining 3.34%, after Moody’s placed the private sector lender’s ratings under review for a possible downgrade.

Other losers included Maruti Suzuki, Kotak Mahindra Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79%.

On the other hand, Tata Steel, ONGC, Vedanta, Sun Pharma, TCS, RIL, HUL and ITC bucked the weak market trend and gained up to 2.60%.

According to experts, investor sentiment turned negative tracking weak cues from overseas markets after US President Donald Trump on Tuesday said he was not interested in a trade deal with China unless it agreed to four-five major points.

“Expectations on the resolution of the trade war took a turn for the worse, and Indian markets joined global equities in a sell-off. World markets are increasingly concerned about a slowdown or recession in advanced economies. Falling bond yields and falling crude oil prices reflect this concern.

“Domestically, it will be critical that the upcoming Budget addresses investors’ concerns on reviving growth, or India could be susceptible to further selling,” said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Sectorally, BSE realty, telecom, capital goods, auto, bankex, finance and power indices were among the top losers, shedding up to 1.94%.

Metal and FMCG ended in the green, rising up to 0.48%.

Broader BSE midcap and smallcap indices followed the benchmarks, dropping up to 0.79%.

Meanwhile, foreign institutional investors bought shares worth a net ₹95.79 crore on Tuesday, provisional data made available with exchanges showed.

Elsewhere in Asia, Shanghai Composite Index fell 0.56%, Hang Seng ended 1.73% lower, Nikkei slipped 0.35% and Kospi shed 0.14%.

Bourses in Europe were also trading in the red in early deals.

On the currency front, the Indian rupee appreciated 10 paise to 69.34 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, dived 2.57% to $60.69 per barrel.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

Other Latest News
Sensex, Nifty start on a cautious note
Posted on 17th July 2019
Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a choppy note on Wednesday amid weak global cues and continued foreign fund outflow.

The 30-share index was trading 4.40 points, or 0.01 per cent, lower at 39,126.64 at 0930 hours, while the broader Nifty inched 2.20 points, or 0.02 per cent, higher to 11,664.80.


Apollo Hospitals' family seeks investor, asset sales to cut debt
Posted on 17th July 2019
MUMBAI: The family that controls Apollo Hospitals Enterprise Ltd., India’s largest private hospital chain, is looking to sell assets or bring an outside investor into their holding company to pay down debt.

The aim is to reduce the Apollo shares pledged by the family as collateral to lenders, to 20% of their total holding in the company from about 78% now, said Suneeta Reddy,


Rooftop solar players shut shop as going gets tough
Posted on 17th July 2019
The falling margins and tariff pressure have forced Indian EPC rooftop solar players to shut shop over the last six months as they find it difficult to meet their working capital and other operating expenses, industry sources close to the development told FE. Policy decisions from state to retrospectively cancel net metering, and failure to honour the 20% to 30% capital incentives have damaged the viability of many companies that aggressively bid for projects across the country, said sources close to the development.

Google under attack over limits on liability on content
Posted on 17th July 2019
U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post. The Senate Judiciary subcommittee hearing, led by Senator Ted Cruz of Texas, featured accusations Republicans have been making for months: that Google manipulates search results and its YouTube video service to censor conservatives.

Amazon in deal with German watchdog to overhaul marketplace terms
Posted on 17th July 2019
Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world’s biggest online retailer. The Federal Cartel Office said on Wednesday it was dropping a seven-month investigation after the U.S. e-commerce giant agreed to amend its Business Services Agreement that applies to merchants using its platform.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Sensex snaps 3-day winning run; Yes Bank tumbles over 3 pc
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Sensex snaps 3-day winning run; Yes Bank tumbles over 3 pc

Most Read News

Another blow to sanctity of contracts, Andhra Pradesh wants solar PPAs rewritten

IndiGo promoters' spat out in open, Rakesh Gangwal seeks Sebi's intervention

SBI cuts MCLR by 5 bps across tenures

TCS reports soft Q1, blames it in currency, BFSI slump

Over 1,000 mobile towers of BSNL not functional over non-payment of energy bills

More India News

Photo Gallery

Tata Bolt(12 Images)Tata Bolt
Loafer(11 Images)Loafer
Keerthy Suresh(13 Images) Keerthy Suresh
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement