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D-Street Buzz: Banks under pressure ahead of F&O expiry; YES Bank down 4% – Moneycontrol.com, Moneycontrol.com

D-Street Buzz: Banks under pressure ahead of F&O expiry; YES Bank down 4% – Moneycontrol.com, Moneycontrol.com


                

The Indian stock market has extended the morning loses and is trading at the low point of the day ahead of F&O expiry with Sensex is down 127 points or 0 . 31 percent at

. 823 while and the Nifty slipped (********************************. ******************************** points at 01575879 ****************************.

Nifty PSU Bank shed over a percent dragged by Union Bank of India, Central Bank of India, Canara Bank, Oriental Bank, Punjab National Bank and State Bank of India.

Infra stocks are also under pressure, the top losers include Bharti Airtel, Larsen & Toubro, Tata Power Company, Container Corp and Ambuja Cements.

The auto index is marginally trading in the green with gains from Eicher Motors, Exide Industries, Hero MotoCorp, Mahindra & Mahindra and Motherson Sumi Systems.

Nifty Metal is up half a percent amid optimism in US-China trade deal. US President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the US-China trade deal agreed to this month.

The top gainers include SAIL, Jindal Steel & Power, JSW Steel, NALCO, Tata Steel, Vedanta, NMDC and Hindustan Copper.

The top gainers from the Nifty are Vedanta, JSW Steel, Tata Steel, Mahindra & Mahindra and Eicher Motors . The top losers include Indian Oil Corporation, YES Bank, Coal India, Bharti Airtel and Zee Entertainment.

The most active stocks are Reliance Industries, Indiabulls Housing Finance, Tata Steel, State Bank of India and YES Bank.

About 12176 shares have advanced, shares declined, and 599 shares are unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network Media & Investments Ltd.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for the first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

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