Online Financial Trading Advice by Adviser Street is a leading Research House which provides expert Recommendations for Stock live demo, Cash, Stock Futures trading tips, Stock Option traded in NSE& BSE Our Expertise also lies in Trading in all form of Commodities (MCX & NCDEX) and Forex Segments.
By Adviser Street: Sensex, Nifty end 1% lowerAmid Sell off In financial stocks: 09 things to know.
The Sensex ended 368 point's lower at
35,656 while the Nifty settled at 10,675, down 104 point's from the previous
close.
Here are 09 Things To Know:
- 1. Top laggards on the 50-scrip index were Adani Ports, India bulls Housing Finance, Bajaj Finance, Yes Bank and Bajaj Finserv, finshing between 4.3 % and 12.5 % lower.
- 2. The Nifty Bank finished 1.7 % lower, dragged by ICICI Bank & Yes Bank which fell 3.5 % & 5.3 % respectively. ICICI Bank is due to report its earnings for the October-November period on Wednesday. State Bank of India shares closed 1 per cent lower.
- 3. Canara Bank shares ended 5.4 p% lower, despite the lender reporting a 152.5% jump in its quarterly net profit, buoyed by higher interest income and a write-back of provisions made for mark-to-market losses.
- 4. Analysts say concerns of the country's non-banking financial services sector affected the markets.
- 5. The issue with Infrastructure Leasing and Financial Service Ltd (IL&FS) is not over, contrary to earlier beliefs and that is why we see housing finance companies in the red today.
- 6. A string of defaults at the major Indian infrastructure financing and building company had triggered sharp falls in the stock and debt markets last year amid fears of contagion within the rest of the country's financial sector.
- 7. Caution prevailed among investors ahead of the Budget due later this week, say analysts.
- 8. "There is a wait-and-watch sentiment because of the budget," said Vinod Nair, head of research, Geojit Financial Services.
- 9. However, gains in Zee Entertainment capped further declines in NSE index, as the media company's stock jumped nearly 15 per cent after it denied any involvement in demonetization-linked transactions.
- More Details Join us: www.adviserstreet.com
- Contact: +91-8818888124
No comments:
Post a Comment