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As on Aug 21, 2017 12:00 AM Your results on : End Session    
Market slides on weak global cues
21-Aug-2017 (16:35)

Market registered losses, extending previous trading session's slide. The barometer index, the S&P BSE Sensex, fell 265.83 points or 0.84% to settle at 31,258.85. The Nifty 50 index fell 83.05 points or 0.84% to settle at 9,754.35. Weakness in global stocks weighed on sentiment on the domestic bourses. Sharp fall in software pivotal Infosys also weighed on key indices. Pharma stocks declined.

Overseas, European stocks edged lower as investors remained unconvinced about US President Donald Trump's ability to impose his ambitious economic agenda.

Asian stocks witnessed a mixed trend amid geopolitical concerns as US-South Korea military drills begin. As per reports, joint US-South Korea military exercises take place from 21 August to 31 August 2017. This exercise comes on the back of a ramp up in geopolitical tensions earlier this month after a heated exchange of rhetoric between President Donald Trump and Pyongyang.

In economic news, Japan's all industry activity recovered in June, data from the Ministry of Economy, Trade and Industry showed today, 21 August 2017. The all industry activity index rose 0.4% month-on-month in June, reversing a 0.8% fall in May.

US equities closed off their session lows on Friday, 18 August 2017 after Steve Bannon, one of President Donald Trump's top advisors, left the administration. Reports suggested that tension between Bannon and other top advisors to Trump, including Chief Economic Advisor Gary Cohn and National Security Advisor H.R. McMaster, had been festering inside the White House.

Back home, the Sensex fell 265.83 points or 0.84% to settle at 31,258.85, its lowest closing level since 11 August 2017. The index rose 117.13 points, or 0.37% at the day's high of 31,641.81. The index fell 304.15 points, or 0.96% at the day's low of 31,220.53.

The Nifty 50 index fell 83.05 points or 0.84% to settle at 9,754.35, its lowest closing level since 11 August 2017. The index rose 46.95 points, or 0.48% at the day's high of 9,884.35. The index fell 97.30 points, or 0.99% at the day's low of 9,740.10.

Among secondary indices, the S&P BSE Mid-Cap index lost 1.45%. The S&P BSE Small-Cap index fell 1.02%. The losses for both the indices were higher than the Sensex's slide in percentage terms.

The breadth, indicating the overall health of the market, was weak. On the BSE, 1,724 shares declined and 863 shares rose. A total of 157 shares were unchanged.

The total turnover on BSE amounted to Rs 3944.46 crore, higher than turnover of Rs 3863.53 crore registered during the previous trading session.

Among the sectoral indices on BSE, the S&P BSE IT index (down 2.04%), the S&P BSE Teck index (down 1.89%), the S&P BSE Healthcare index (down 1.61%), the S&P BSE Oil & Gas index (down 1.57%), the S&P BSE Power index (down 1.53%), the S&P BSE Metal index (down 1.43%), the S&P BSE Utilities index (down 1.35%), the S&P BSE Telecom index (down 1.29%), the S&P BSE Realty index (down 1.25%), the S&P BSE Industrials index (down 1.21%), the S&P BSE Basic Materials index (down 1.15%), the S&P BSE Energy index (down 1.15%) and the S&P BSE Auto index (down 1.01%), underperformed the Sensex. The S&P BSE Capital Goods index (down 0.83%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.78%), the S&P BSE Finance index (down 0.62%), the S&P BSE Bankex (down 0.58%), the S&P BSE FMCG index (down 0.3%) and the S&P BSE Consumer Durables index (down 0.27%), underperformed the Sensex.

Tata Power Company fell 0.25% at Rs 80.10. The company said it has installed its first electric vehicle (EV) charging station at Tata Power Receiving Station at Vikhroli, Mumbai. The company plans to set up charging stations at various locations in Mumbai and is already in discussions with various stakeholders. The announcement was made during market hours today, 21 August 2017.

Bank stocks tumbled. Among public sector banks, Bank of Maharashtra (down 0.37%), IDBI Bank (down 0.37%), Union Bank of India (down 0.72%), Central Bank of India (down 0.87%), Corporation Bank (down 1.21%), United Bank of India (down 1.37%), Dena Bank (down 1.44%), State Bank of India (down 1.44%), Syndicate Bank (down 1.64%), Canara Bank (down 1.65%), Punjab & Sind Bank (down 1.84%), Andhra Bank (down 1.87%), Vijaya Bank (down 1.93%), Indian Bank (down 2.17%), UCO Bank (down 2.43%), Bank of India (down 2.55%), Allahabad Bank (down 2.72%), Punjab National Bank (down 3.16%) and Bank of Baroda (down 3.5%), edged lower.

Among private sector banks, RBL Bank (down 3.2%), Federal Bank (down 2.35%), Kotak Mahindra Bank (down 1.45%), HDFC Bank (down 0.56%), Yes Bank (down 0.14%) and IndusInd Bank (down 0.02%), edged lower. Axis Bank (up 0.70%) and City Union Bank (up 1.69%), edged higher.

The Reserve Bank of India (RBI) Governor Urjit Patel on Saturday, 19 August 2017 reportedly called for recapitalisation of state-run banks to help them resolve the non-performing assets (NPAs) issue in a time-bond manner. The government and the RBI are working together to comprehensively address the issue of NPAs through a multi-pronged approach, Urjit Patel reportedly said.

ICICI Bank fell 0.02% at Rs 293 after the bank announced revision in interest rates on savings bank accounts with effect from 19 August 2017. Interest rate on deposits below Rs 50 lakh revised to 3.5%. Interest rate on deposits of Rs 50 lakh and above remains unchanged at 4%. The announcement was made after market hours on Friday, 18 August 2017.

Pharma stocks declined. Piramal Enterprises (down 3.22%), Glenmark Pharmaceuticals (down 2.83%), Dr Reddy's Laboratories (down 2.51%), Wockhardt (down 2.43%), Sun Pharmaceutical Industries (down 2.01%), Lupin (down 1.91%), Divi's Laboratories (down 1.84%), Cipla (down 0.88%), Strides Shasun (down 0.71%), IPCA Laboratories (down 0.67%), GlaxoSmithKline Pharmaceuticals (down 0.25%), Cadila Healthcare (down 0.1%) and Alkem Laboratories (down 0.02%), edged lower.

Aurobindo Pharma lost 1.28% to Rs 695.50. The company said it has received tentative approval from the US Food & Drug Administration (USFDA) under the US President's Emergency Plan for AIDS Relief (PEPFAR) for its New Drug Application for Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (TLD) tablets, 50mg/300mg/300mg.

The approved product is used for the treatment of HIV-l infection along as a complete regimen in adults and pediatric patients weighing 40 kg and greater. ViiV Healthcare and Aurobindo Pharma signed a licensing agreement in 2014 that allows Aurobindo Pharma to supply Dolutegravir 50mg in 92 licensed countries, following completion of required local regulatory approval processes. The triple combination product is expected to be launched in sub-Saharan Africa in Q3 FY 2018. The announcement was made before market hours today, 21 August 2017.

IT major Infosys slumped 5.37% at Rs 873.50 on media reports that four US law firms said they would be investigating claims on behalf of Infosys investors whether some of the officers and directors of the company engaged in securities fraud. This development follows the sudden resignation of CEO Vishal Sikka and the steep drop in share prices on Friday, 18 August 2017.

Meanwhile, Infosys' board at its meeting held on Saturday, 19 August 2017, approved a proposal to buyback upto 11.30 crore shares, aggregating up to 4.92% of the paid-up equity capital, at Rs 1,150 per share. The maximum buyback size is Rs 13000 crore. The buyback price is at a premium of 24.58% over the stock's closing price of Rs 923.10 on the BSE on Friday, 18 August 2017.

Housing finance major HDFC rose 0.22% at Rs 1,738.90 after the company's material subsidiary, HDFC Standard Life Insurance Company, filed a draft red herring prospectus with Securities & Exchange Board of India for an initial public offer of up to 29.98 crore shares of Rs 10 each representing 14.97% of the paid-up equity capital of HDFC Standard Life Insurance Company through an offer for sale of 19.12 crore equity shares by HDFC and 10.86 crore equity shares by Standard Life (Mauritius Holdings). The announcement was made after market hours on Friday, 18 August 2017.

Key indices fell for the second day in a row today, 21 August 2017. The Sensex has declined 536.61 points or 1.69% in two sessions, from a close of 31,524.68 on Friday, 18 August 2017. The Sensex has fallen 1,256.09 points or 3.86% in August so far (till 21 August 2017). The Sensex has risen 4,632.39 points or 17.40% in the calendar year 2017 so far (till 21 August 2017). From a 52-week low of 25,717.93 hit on 21 November 2016, the barometer index has risen 5,540.92 points or 21.54%. From a record high of 32,686.48 hit on 2 August 2017, the barometer index has fallen 1,427.63 points or 4.37%.

On the political front, the Janata Dal (United) led by Bihar Chief Minister Nitish Kumar, passed a resolution on Saturday, 19 August 2017 to join the National Democratic Alliance (NDA), mere weeks after the party broke away from the grand alliance in Bihar.

Shares succumb to broader selling pressure
18-Aug-2017 (16:33)
Market settles with minuscule gains
17-Aug-2017 (16:11)
Sensex, Nifty settle at one-week high
16-Aug-2017 (16:28)
Market nudges higher on positive global stocks
14-Aug-2017 (16:36)
Sensex settles at over 5-1/2-week low
11-Aug-2017 (16:35)
Sensex hits over one-month closing low
10-Aug-2017 (16:32)
Indices drop for third day in a row
09-Aug-2017 (16:29)
Sensex hits lowest closing level in almost three weeks
08-Aug-2017 (16:24)
Mid-Cap, Small-Cap indices outperform Sensex
07-Aug-2017 (16:27)
Market snaps two-day losing streak
04-Aug-2017 (16:36)
Market hits lowest closing level in more than a week
03-Aug-2017 (16:20)
Market registers modest losses
02-Aug-2017 (16:31)
Market settles at record high
01-Aug-2017 (16:26)
Sensex, Nifty hit record closing high
31-Jul-2017 (16:27)
Market settles with small losses
28-Jul-2017 (16:11)
Market ends on flat note
27-Jul-2017 (16:23)
Nifty closes above 10,000 mark
26-Jul-2017 (16:18)
Nifty corrects after hitting 10,000 mark
25-Jul-2017 (16:22)
Key benchmarks settle at new high
24-Jul-2017 (16:33)
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