Thursday, December 13, 2018

MARKET SUMMARY -13 DEC



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Thusday's session has ended on positive note. sensex  ended at 35,930, up 151 points, while Nifty50 index settled at 10,792, up, the S&P BSE MidCap index ending 123 points higher at 15,164, while the S&P BSE SmallCap settled at 14,498 levels, up 94 points.
Among the sectoral indices, the NIFTY  PSU Bank index rose 1 per cent led by Indian Bank, State Bank of India  and Vijaya Bank as the newly appointed Reserve Bank of India Governor Shaktikant das held a meeting with heads of the public sector banks. The nifty Auto index, too, rose nearly 1 per cent led by Maruti Suzuki and Tata Motors.
Shares of YES Bank fell 6.3 per cent to Rs 175 apiece on the National Stock Exchange after the private sector lender said it is yet to finalise the name of MD & CEO. The bank held board meeting during the day where it finalised a part-time non-executive Chairman and said the final recommendations with respect to MD & CEO will be submitted to the Reserve Bank of India after January 9, 2019.
Shares of SBI rose nearly 2 per cent in the afternoon trade on Thursday after Morgan Stanley raised its target price for the stock to Rs 375 from Rs 350 while maintaining "overweight" rating. The firm said it sees a turnaround in profit from FY20 and will see a significant drop in provisions in second half of FY19. . Indigo gains 3% after rating upgrade

STARS OF THE DAY :- MARUTI SUZUKI,INDIABULLS,INFOSYS
ON THE OTHER HAND THE BIGGEST LOSERS WAS:-YES BANK SUNPHARMA,UPL

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