markets

<div>
	Profit-booking across financial counters after last week&#39;s rally, and selling in select index heavyweights put lid on gains during Monday&#39;s trading session. Despite witnessing a sharp slide during the last trading hour, markets recovered to settle flat.<br />
	<br />
	The benchmark S&P BSE Sensex closed 38.88 points, or 0.93 per cent, lower at 41,642.66 level, dragged by Reliance Industries, ICICI Bank, State Bank of India (SBI), and ITC.&nbsp; On the NSE, the broader Nifty50 index declined 9.05 points, or 0.074 per cent, to settle at 12,262.75 level. The Sensex and Nifty50 hit an intra-day low of 41,474.61 and 12,213.25, respectively.&nbsp;</div>
<br>
<div>
	Shares of Reliance Industries declined as much as 2.77 per cent in the intra-day deals on the BSE on Monday after the government filed petition in the Delhi High Court (HC) seeking to block its $15 billion deal with Saudi Aramco, in view of dues of $3.5 billion in the Panna-Mukta and Tapti (PMT) oil and gas fields. The stock closed 1.88 per cent lower at Rs 1,569.3 apiece. <a href="https://www.business-standard.com/article/markets/ril-slips-nearly-3-as-govt-seeks-to-block-15-bn-saudi-aramco-deal-119122300164_1.html" target="_blank"><strong>READ MORE</strong></a></div>
<br>
<div>
	At the index level, Nestle, SBI, RIL, and M&M were the top laggards on the Sensex, while Maruti Suzuki, Hero Motocorp, HDFC, and Titan ended the day as top gainers.</div>
<br>
<div>
	On the sectoral front, Nifty PSU Bank index slumped the most, down 1.29 per cent, while Nifty Realty and FMCG indices, each, closed nearly 0.5 per cent lower. On the upside, Nifty Media index advanced 0.7 per cent.&nbsp;</div>
<br>
<div>
	The broader markets settled almost flat on Monday. The S&P BSE mid-cap index slipped 0.09 per cent to 14,822.60 -mark, while the S&P BSE small-cap index erased 0.07 per cent to 13,382.03 level.&nbsp;</div>
<br>
<div>
	<strong>GLOBAL CUES</strong></div>
<br>
<div>
	European shares dipped slightly on Monday after nearing a record high in the previous session, as trading thinned ahead of the Christmas and Boxing Day holidays later in the week. The pan-European STOXX 600 index was down 0.1 per cent, with the banking sector leading declines.</div>
<br>
<div>
	Asian markets idled near 18-month highs on Monday. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan hovered near its highest since June 2018, having risen 1.4 per cent last week and more than 5 per cent this month. For the final quarter of the year, it is up nearly 10 per cent so far.</div>
<br>
<div>
	<em><strong>(With inputs from Reuters)</strong></em></div>

MARKET WRAP: Sensex slips 39 pts; Reliance Ind, SBI decline nearly 2%

Business Standard

MARKET WRAP: Sensex slips 39 pts; Reliance Ind, SBI decline nearly 2% | News on Markets - Business Standard

Future Retail gains 3% as promoters release pledge on shares

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770732964862.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770732047097.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770731142315.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770730402959.png

Titan trades 2% higher on inclusion in Sensex index

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770729933936.png

Sectoral trends at NSE during Opening trade

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770729402085.png

Sensex heatmap at open; Reliance Ind top loser

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770729060355.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770728521102.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770728128189.png

Top gainers and losers on S&P BSE Sensex during Pre-open

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770719858645.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770719553878.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15770719433613.png

Rupee opens flat at 71.13/$ vs Friday&#39;s close of 71.12 against the US dollar

Slowdown in SME sector can hurt mid-sized private banks, be selective

Mid-sized private banks, such as RBL Bank, Federal Bank, City Union Bank (CUB), DCB Bank, and Karur Vysya Bank (KVB), have two common threads. First, they cater for an identified pool of customers, either by region or product category; second, their core strength lies in their ability to serve small and medium enterprises (SMEs). <a href="https://www.business-standard.com/article/markets/slowdown-in-sme-sector-can-hurt-mid-sized-private-banks-be-selective-119122200747_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-01/14/full/1547411280-6828.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
<br />

NEWS ALERT | The 3 grounded B737 freighter aircraft will return to operation from today: SpiceJet via BSE filing

MARKET WRAP: Sensex slips 39 pts; Reliance Ind, SBI decline nearly 2%

All that happened in the markets today

Future Retail gains 3% as promoters release pledge on shares

InterGlobe Aviation trades mildly lower

Muthoot Finance hits fresh high

Reliance Industries slips 1.5%