Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Sensex Drops over 100 Points; Yes Bank Plunges over 10%

Yes Bank was the biggest loser in the Sensex pack, cracking over 10 per cent, after the company reported a massive slump of 92.44 per cent in its consolidated net profit.

PTI

Updated:July 18, 2019, 10:14 AM IST
facebookTwitterskypewhatsapp
Sensex Drops over 100 Points; Yes Bank Plunges over 10%
Image for Representation.
Loading...

Mumbai: Domestic equity benchmark BSE Sensex dropped over 100 points in early trade Thursday led by heavy selloff in Yes Bank shares, amid weak cues from global markets and unabated foreign fund outflow.

The 30-share index was trading 112.21 points or 0.29 per cent lower at 39,103.43 at 0930 hours, and the broader Nifty fell 32.05 points or 0.27 per cent to 11,655.45.

Yes Bank was the biggest loser in the Sensex pack, cracking over 10 per cent, after the company reported a massive slump of 92.44 per cent in its consolidated net profit to Rs 95.56 crore due to a Rs 6,232 crore addition to non-performing assets, which resulted the provisions to zoom.

Other losers included ONGC, Tata Motors, Vedanta, HCL Tech, M&M, HUL, Tech Mahindra, Tata Steel and TCS, shedding up to 2.27 per cent. On the other hand, Bharti Airtel, HDFC duo, ITC, Kotak Bank and Hero MotoCorp were the gainers, rising up to 1.30 per cent.

In the previous session, the 30-share gauge closed 84.60 points or 0.22 per cent higher at 39,215.64, and the Nifty ended 24.90 points or 0.21 per cent up at 11,687.50.

On a net basis, foreign institutional investors sold equities worth Rs 16.97 crore, while domestic institutional investors purchased shares to the tune of Rs 208.88 crore, provisional data available with stock exchanges showed Wednesday.

According to traders, investor sentiment took a hit tracking tepid quarterly earnings, amid weak cues from other global markets and continued foreign fund outflow.

Larsen & Toubro Infotech, ACC, Colgate Palmolive (India), Cyient and D B Corp are among some of the companies that are scheduled to report their earnings during the day.

Meanwhile, the Indian rupee appreciated 4 paise (intra-day) to 68.77 against the US dollar. The global oil benchmark Brent crude futures were trading 0.27 per cent higher at 63.83 per barrel.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 59.25 5.24
Indiabulls Hsg 467.85 3.84
Reliance 1,275.85 2.33
HDFC Bank 2,162.70 -0.52
ICICI Bank 395.40 -0.93
Company Price Change %Gain
Yes Bank 59.25 5.24
ICICI Bank 395.75 -0.85
Indiabulls Hsg 467.90 4.00
Bajaj Finance 3,175.35 1.85
Reliance 1,275.95 2.36
Top Gainers
Company Price Change %Gain
Zee Entertain 351.15 6.75
Vedanta 137.40 6.47
UPL 547.25 5.64
Yes Bank 59.25 5.24
BPCL 329.35 5.22
Company Price Change %Gain
Vedanta 137.50 6.55
Yes Bank 59.25 5.24
ONGC 122.30 4.66
M&M 533.10 4.09
Coal India 188.05 4.07
Top Losers
Company Price Change %Gain
IndusInd Bank 1,310.50 -1.88
ITC 236.10 -1.65
ICICI Bank 395.40 -0.93
Eicher Motors 15,383.45 -0.90
HUL 1,860.00 -0.65
Company Price Change %Gain
IndusInd Bank 1,310.35 -1.90
ITC 236.00 -1.71
ICICI Bank 395.75 -0.85
Power Grid Corp 201.40 -0.69
HUL 1,859.35 -0.69

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results