Finance Update Uncategorized

DAILY MARKET INSIGHTS – 18th Feb 2019

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Indian Indexes

The benchmark indices ended down sharply on February 18, 2019 on caution over mounting worries over terrorist activities in India’s Jammu & Kashmir. Heavyweights such as TCS, Reliance Industries and ITC among others dragged indices today. The Sensex slipped by 0.87% or 310.51 points to 35498.44. The Nifty fell by 0.78% or 83.45 points to 10640.95.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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15Top Gainer Losers

18Currency

Stocks in the news

1. L&T Construction has secured a mega contract for design and construction of a major airport.

2. JSPL bagged additional order from Indian Railways for 30,000 tonnes long rails.

 

Buzzing stocks on BSE

1. Shares of Dewan Housing Finance Ltd (DHFL) jumped 4.67% to Rs. 128.90, on report that the company is in talk to sell a 10% stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

2. Yes Bank share fell by 2.54% to Rs. 213.15, after the Reserve Bank of India (RBI) threatened further regulatory action against the bank over its public disclosure of nil divergence report.

Global Signals

Asian markets ended higher on optimism over ongoing trade talks between the US and China.

European stock markets were mixed, as investors await developments on US-China trade front.

Crude oil prices rose to three-month high on February 18, 2019 as Saudi Arabia said it has partially shut Safaniya offshore oil field, largest in the world, for repairs amid optimism over US-China trade discussions.

 

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