Share market highlights: Sensex ends 80 points down, Nifty below 11,600; Yes Bank, Maruti Suzuki slump

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Updated:Apr 23, 2019 3:43:17 pm

Share market highlights: Sensex and Nifty erased gains in the afternoon trade on Tuesday, due to a sell-off in bluechip financial stocks. The Sensex closed 80 points lower at 38,564.88, while Nifty ended the session below the 11,600-mark.

Kazakhstan, interest in the startups, BSE, बीएसई, startups, स्टार्टअप्स, कजाखस्तानShare market highlights: Zee Entertainment shares are trading 2.3% higher at Rs 405.50.

Stock market highlights: Sensex and Nifty erased gains in the afternoon trade on Tuesday, due to a sell-off in bluechip financial stocks. The Sensex closed 80 points lower at 38,564.88, while Nifty ended the session below the 11,600-mark. Maruti Suzuki shares ended 3.3% lower at Rs 7,065, while Yes Bank shares closed 3.1% lower at Rs 231.10, to emerge among the biggest Sensex losers.

Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm. MSCI‘s broadest index of Asia-Pacific shares outside Japan was almost flat, while Japan’s Nikkei average eased 0.2 per cent. Many markets around the world remained shut on Monday after the long Easter weekend, Reuters reported. We bring to you live updates.

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Share market highlights

Highlights

    15:43 (IST)23 Apr 2019
    BSE live: Sensex ends 80 points down, Nifty below 11,600; Yes Bank, Maruti Suzuki slump

    Sensex and Nifty erased gains in the afternoon trade on Tuesday, due to a sell-off in bluechip financial stocks. The Sensex closed 80 points lower at 38,564.88, while Nifty ended the session below the 11,600-mark. Maruti Suzuki shares ended 3.3% lower at Rs 7,065, while Yes Bank shares closed 3.1% lower at Rs 231.10, to emerge among the biggest Sensex losers. A look at LIVE heatmap.

    09:29 (IST)23 Apr 2019
    BSE live: Sensex up 170 points, Nifty above 11,600; Zee Enterprises, Bharti Airtel shares jump

    The Sensex opened marginally higher on Tuesday morning, tracking global cues. The Sensex is up about 180 points to 38,826.84, while the Nifty is trading near 11,650-mark. Zee Entertainment shares are trading 2.3% higher at Rs 405.50 on NSE, while Yes Bank shares are higher by 1.3% to Rs 241.45. A look at LIVE Sensex heatmap.

    09:12 (IST)23 Apr 2019
    What will drive the market today: Crude oil prices, US-Iran sanctions and other key things to watch out for

    The Indian headline indices- Sensex and Nifty, are likely to open low on Tuesday morning on account of weak global cues. Yesterday, the oil prices surged on US decision of not exempting the countries including India from penalty for importing Iranian oil. The Indian rupee also fell to its six week low. Today, the  SGX Nifty settled at 11,632.50, up by 15.50 points.Yesterday, the Sensex closed at 38,746.95, up by 101.77 points, while Nifty ended at 11,594.45, down by 1.35%.

    Also read: What will drive the market today: Crude oil prices, US-Iran sanctions and other key things to watch out for

    09:04 (IST)23 Apr 2019
    China signals less stimulus, undermining world’s hottest stocks

    The world’s best performing stock market is looking vulnerable after Beijing officials signaled they’re less comfortable about adding stimulus. The CSI 300 Index of equities traded in Shanghai and Shenzhen sank 2.3 percent on Monday, its biggest loss in a month, with five stocks falling for each that rose. Property developers led the plunge, along with companies reliant on consumer discretionary spending and so-called old economy shares such as banks and industrial companies.

    Also read: China signals less stimulus, undermining world’s hottest stocks

    09:03 (IST)23 Apr 2019
    Manic Monday: Soaring crude prices send stocks crashing

    Stocks tumbled on Monday as skittish investors rushed to take risk off the table for fear rising crude oil prices would hurt India’s macro-economics at a time when growth is crawling. The rupee fell all the way to 69.87 against the dollar before closing at a two-week low of 69.67, a loss of 31 paise. Virtually, every sectoral gauge save for the IT index ended in the red; the Bank Nifty, in particular, plunged 535 points. Brent crude prices went past $74 a barrel, the highest since November after the US clamped down on exports of Iranian oil.

    Also read: Manic Monday: Soaring crude prices send stocks crashing

    08:45 (IST)23 Apr 2019
    Anil Ambani group stocks tumble after Brickwork Ratings, CARE rating downgrade Reliance Capital

    Shares of Anil Ambani-group firm stocks tumbled in trade on Monday after credit rating firms CARE ratings, Brickwork Ratings revised the long-term rating for various existing debt instruments of Reliance Capital. Reliance Capital share price plunged by more than 10.7% to Rs 135.50. Notably, credit rating agency CARE Ratings has placed the firm on ‘credit watch with developing implications’, while Brickwork has placed the instruments on ‘credit watch with negative implications’.

    Also read: Anil Ambani group stocks tumble after Brickwork Ratings, CARE rating downgrade Reliance Capital

    08:39 (IST)23 Apr 2019
    Bank unions come in solidarity with Jet Airways employees; propose special loans

    Amid aggravating Jet Airways crisis, the fate of over 20,000 Jet’s employees hangs mid-air as they have lost not only their jobs but also seek three months’ salary. However, Jet Airways employees have found an ally in bank unions who have suggested that special loans should be given to help them in their woes. “Ask member banks to device a special loan scheme to the Jet staff to help them tide over their present financial problems,” the union said in the letter to the Indian Banks Association. Along with this, the unions have proposed that the government should take over the troubled airline or that it should be merged with Air India, in order to save the jobs of the airline staff, they wrote in a letter to the Prime Minister last week.

    Also read: Bank unions come in solidarity with Jet Airways employees; propose special loans

    08:38 (IST)23 Apr 2019
    Subhash Chandra’s Essel group firm to be sold to Blackstone; promoters to get Rs 2,150 crore

    US-based private equity giant Blackstone has agreed to acquire a majority stake from promoters in Subhash Chandra-led Essel group’s one of the frontline businesses, Essel Propack, leaving the promoters with about Rs 2,157 crore in additional cash. Blackstone has agreed to pay Rs 134 per share to the promoters to buy a 51% stake in Essel Propack. The promoter and promoter group holds 57.03% as on March 31st 2019. Subhash Chandra’s brother Ashok Kumar Goel is the single-largest shareholder in the company with about 57% stake.

    Also read: Subhash Chandra’s Essel group firm to be sold to Blackstone; promoters to get Rs 2,150 crore

    08:37 (IST)23 Apr 2019
    Recap: Sensex falls 500 points; here’s how much investor wealth plunged today

    Even as benchmark indices – Sensex and Nifty – fell sharply, investor wealth was eroded by Rs 1.92 lakh following a plunge in the value of stocks. The market capitalisation of the BSE-listed companies declined by Rs 1,92,530.74 crore to Rs 1,51,60,885.97 crore. Sensex fell  495.10 points to close the day at 38,645.18, while Nifty plunged 158.35 points to 11,594.45. Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank were among the 23 scrips that closed with losses and fell up to nearly 7 per cent  on the BSE Sensex. While 1,799 scrips declined and 714 advanced, 184 remained unchanged on the BSE on Monday.

    Also read: Sensex falls 500 points; here’s how much investor wealth plunged today

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