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Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

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SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE
Markets, Stocks, BSE, NSE

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services   Market continued to consolidate in a narrow range following mixed trend in global market. World Bank prediction of 7.3% growth in FY19 will give a positive long term sentiment but global trade concerns and skepticism on upcoming state election will refrain market for a decisive up move. Mid & small cap outperformed as investors started accumulating stock in the oversold levels. Top PSU Bank losers COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME BANK OF BARODA 143.75 145.75 -2.00 -1.37 13300362 ST BK OF INDIA 253.70 257.05 -3.35 -1.30 18337435 PUNJAB NATL.BANK 98.55 99.30 -0.75 -0.76 42910773 UNION BANK (I) 101.25 102.00 -0.75 -0.74 8989464 ORIENTAL BANK 100.85 101.15 -0.30 -0.30 6731559     BSE Smallcap: MMTC top gainer, TPL Plastech top loser BSE Midcap: Central Bank of India top gainer of the day, Rajesh Exports top loser Sectoral Trend BSE Sensex gainers and losers for the day

Benchmark ended lower after a choppy session on Thursday with financial continuing their downtrend, while fertiliser gained after the continuation of a government subsidy for urea.

The S&P ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points. 
 
Banking were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Globally, stock across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific outside Japan dropped 0.45 per cent.

(with inputs from Reuters)

First Published: Thu, March 15 2018. 15:30 IST
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Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Catch all the market action here.

Catch all the market action here.
Benchmark ended lower after a choppy session on Thursday with financial continuing their downtrend, while fertiliser gained after the continuation of a government subsidy for urea.

The S&P ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points. 
 
Banking were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Globally, stock across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific outside Japan dropped 0.45 per cent.

(with inputs from Reuters)
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Business Standard
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Sensex, Nifty end lower after choppy trade; PSU banks continue to slide

Catch all the market action here.

Benchmark ended lower after a choppy session on Thursday with financial continuing their downtrend, while fertiliser gained after the continuation of a government subsidy for urea.

The S&P ended at 33,686, down 150 points while the broader Nifty50 index settled at 10,360, down 51 points. 
 
Banking were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Globally, stock across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific outside Japan dropped 0.45 per cent.

(with inputs from Reuters)

image
Business Standard
177 22