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MARKETS LIVE: Sensex slips in trade, Nifty below 10350; banks extend losses

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SI Reporter  |  New Delhi 

MARKETS LIVE: Key things to watch out for before the opening bell

NEWS ALERT PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion   Public sector banks (PSBs) will discourage multiple banking arrangements for companies with exposure of more than Rs 2.5 billion in the banking system and will move all such loans under the consortium of banks for better monitoring.   “In case of multiple banking arrangements there is no discipline. There will, preferably, be consortium lending for loans above Rs 2.5 billion,” M S Sastry, deputy managing director and chief risk officer, State Bank of India, said on Thursday. READ MORE Top losers in Nifty PSU Bank COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME IDBI BANK 77.35 78.85 -1.50 -1.90 5038225 CANARA BANK 262.00 264.45 -2.45 -0.93 681538 ANDHRA BANK 42.65 42.95 -0.30 -0.70 787504 ST BK OF INDIA 252.50 253.70 -1.20 -0.47 911372 SYNDICATE BANK 60.95 61.20 -0.25 -0.41 178007 VOLUME TOPPERS COMPANY PRICE() CHG() CHG(%) VOLUME JP ASSOCIATES 21.10 1.95 10.18 9580721 UNITECH 6.32 0.07 1.12 1386764 IDBI BANK 78.70 -0.20 -0.25 1186695 MMTC 67.60 5.50 8.86 937527 REL. COMM. 24.20 0.60 2.54 593613 Sectoral Trend BSE Sensex gainers and losers Market at open At 9:16 AM, the S&P BSE Sensex was trading at 33,562, down 124 points while the broader  Nifty50 was ruling at 10,324, down 36 points.

Benchmark indices were trading lower following Asian stocks that were on the defensive on Friday as worries over the US investigation into the Trump Organization tested investor nerves, already frayed by fears US tariffs could hurt the global economy and trigger a trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trade. Japan's Nikkei was down 0.3 per cent.

Back home, The YSR Congress Party on Thursday moved a no-confidence motion in the Lok Sabha against the Narendra Modi government. The no-confidence motion can be accepted only if it has the support of at least 50 members in the House. The YSR Congress has nine MPs in the Lok Sabha. It has appealed to other opposition parties to support the motion. If accepted, it will be the first no-confidence motion moved, the first of this government’s tenure.

Meanwhile, India’s trade deficit narrowed to $12 billion in February, its lowest in five months, amid concern that a global trade war could hit its exports because of US President Donald Trump’s decision to hike import taxes on steel and aluminum.

Government is worried that its exports could be hit in the coming months by Trump’s decision to impose tariffs of 25 per cent on steel and 10 per cent on aluminum.

(With inputs from Reuters)

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First Published: Fri, March 16 2018. 09:39 IST

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MARKETS LIVE: Sensex slips in trade, Nifty below 10350; banks extend losses

Catch all live market action here

Catch all live market action here
Benchmark indices were trading lower following Asian stocks that were on the defensive on Friday as worries over the US investigation into the Trump Organization tested investor nerves, already frayed by fears US tariffs could hurt the global economy and trigger a trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trade. Japan's Nikkei was down 0.3 per cent.

Back home, The YSR Congress Party on Thursday moved a no-confidence motion in the Lok Sabha against the Narendra Modi government. The no-confidence motion can be accepted only if it has the support of at least 50 members in the House. The YSR Congress has nine MPs in the Lok Sabha. It has appealed to other opposition parties to support the motion. If accepted, it will be the first no-confidence motion moved, the first of this government’s tenure.

Meanwhile, India’s trade deficit narrowed to $12 billion in February, its lowest in five months, amid concern that a global trade war could hit its exports because of US President Donald Trump’s decision to hike import taxes on steel and aluminum.

Government is worried that its exports could be hit in the coming months by Trump’s decision to impose tariffs of 25 per cent on steel and 10 per cent on aluminum.

(With inputs from Reuters)
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Business Standard
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MARKETS LIVE: Sensex slips in trade, Nifty below 10350; banks extend losses

Catch all live market action here

Benchmark indices were trading lower following Asian stocks that were on the defensive on Friday as worries over the US investigation into the Trump Organization tested investor nerves, already frayed by fears US tariffs could hurt the global economy and trigger a trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trade. Japan's Nikkei was down 0.3 per cent.

Back home, The YSR Congress Party on Thursday moved a no-confidence motion in the Lok Sabha against the Narendra Modi government. The no-confidence motion can be accepted only if it has the support of at least 50 members in the House. The YSR Congress has nine MPs in the Lok Sabha. It has appealed to other opposition parties to support the motion. If accepted, it will be the first no-confidence motion moved, the first of this government’s tenure.

Meanwhile, India’s trade deficit narrowed to $12 billion in February, its lowest in five months, amid concern that a global trade war could hit its exports because of US President Donald Trump’s decision to hike import taxes on steel and aluminum.

Government is worried that its exports could be hit in the coming months by Trump’s decision to impose tariffs of 25 per cent on steel and 10 per cent on aluminum.

(With inputs from Reuters)

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Business Standard
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