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Benchmark indices ended flat on Tuesday taking  mixed cues from the Asian counterparts. The S&P BSE Sensex ended the  day at 35,216 up 8 points while the broader Nifty50 index settled at 10,718 , up 2 points.

Meanwhile, stock-specific actions continued on Tuesday as we are in the middle of March 2018 quarter earnings season.

Among individual stocks, ICICI Bank rose 7 per cent and was the biggest gainer on the broader NSE index. Brokerages retained their ‘buy’ rating on the stock citing a significant decline in the “drilldown” list of potential troubled loans. The bank’s net profit almost halved to Rs 10.20 billion for the quarter ended March 31.

Globally, oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply.

While caution on Trump’s statement kept investors edgy in early trade, technology firms helped to generate gains for Asian equities.MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6 per cent, with information technology shares rising 1.3 per cent. Japan’s Nikkei was 0.2 per cent higher.

  • 03:39 PM

    Nifty Bank index up nearly 1%: Top gainers from the pack

    ICICI BANK 308.50 289.80 18.70 6.45 87171264
    FEDERAL BANK 103.70 101.20 2.50 2.47 15399268
    ST BK OF INDIA 250.30 246.50 3.80 1.54 23278419
    BANK OF BARODA 145.50 143.55 1.95 1.36 15825358
    AXIS BANK 543.15 536.10 7.05 1.32 12027147
  • 03:37 PM

    ICICI Bank top gainer post Q4 results

  • 03:36 PM

    Sectoral Trend

  • 03:35 PM

    Top Sensex gainers and losers

Last modified on Tuesday, 08 May 2018

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