{"id":73711,"date":"2018-04-20T17:26:14","date_gmt":"2018-04-20T17:26:14","guid":{"rendered":"http:\/\/www.bnreport.com\/look-who-moved-my-sensex-tcs-tryst-with-history-bleeding-banks\/"},"modified":"2018-04-20T17:26:14","modified_gmt":"2018-04-20T17:26:14","slug":"look-who-moved-my-sensex-tcs-tryst-with-history-bleeding-banks","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/look-who-moved-my-sensex-tcs-tryst-with-history-bleeding-banks\/","title":{"rendered":"Look, who moved my Sensex! TCS&#8217; tryst with history &amp; bleeding banks"},"content":{"rendered":"<p>NEW DELHI: Blame the banking trio \u2013 <a href=\"https:\/\/economictimes.indiatimes.com\/icici-bank-ltd\/stocks\/companyid-9194.cms\" rel=\"noreferrer\" target=\"_blank\">ICICI Bank<\/a>, <a href=\"https:\/\/economictimes.indiatimes.com\/yes-bank-ltd\/stocks\/companyid-16552.cms\" rel=\"noreferrer\" target=\"_blank\">YES Bank<\/a> and <a href=\"https:\/\/economictimes.indiatimes.com\/state-bank-of-india\/stocks\/companyid-11984.cms\" rel=\"noreferrer\" target=\"_blank\">State Bank of India<\/a> \u2013 for Fridays disappointing show on Dalal Street on a day when IT heavyweights <a href=\"https:\/\/economictimes.indiatimes.com\/tata-consultancy-services-ltd\/stocks\/companyid-8345.cms\" rel=\"noreferrer\" target=\"_blank\">TCS<\/a> and <a href=\"https:\/\/economictimes.indiatimes.com\/infosys-ltd\/stocks\/companyid-10960.cms\" rel=\"noreferrer\" target=\"_blank\">Infosys<\/a> were firing on all cylinders. <\/p>\n<p>Equity barometer <a href=\"https:\/\/economictimes.indiatimes.com\/indices\/sensex_30_companies\" rel=\"noreferrer\" target=\"_blank\">Sensex<\/a> staged an impressive rebound later in the day to close slightly lower. Weakness in bank <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/stocks\" rel=\"noreferrer\" target=\"_blank\">stocks<\/a> post RBI&#039;s hawkish policy stance and simmering oil prices dented investor sentiment, while weak Asian peers offered no hope. <\/p>\n<p><strong>Sensexs zigzag show<br \/><\/strong>Out of the 30 Sensex stocks, 10 closed the day in the green, while 21 ended in the red. Have a look at the zigzag show. <\/p>\n<p><strong>TCS tryst with history<br \/><\/strong>Tata Consultancy Services stole the show. With an intraday gain of over 7 per cent, the scrip led the Sensex gainers. It also touched its all-time high of Rs 3,421.25 on Friday, eventually settling at Rs 3,406.40, up 6.76 per cent. <\/p>\n<p>At Fridays close, TCS was at kissing distance of making history by being Indias first listed company to enjoy a $100 billion <a href=\"https:\/\/economictimes.indiatimes.com\/definition\/market-capitalization\" rel=\"noreferrer\" target=\"_blank\">market capitalization<\/a>. There are just 63 stocks globally in the elite $100 billion m-cap club that has the likes of Amazon and Apple. Since its <a href=\"https:\/\/economictimes.indiatimes.com\/definition\/IPO\" rel=\"noreferrer\" target=\"_blank\">IPO<\/a> in 2004, TCS has grown at 23 per cent CAGR over last 14 years. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/economictimes.indiatimes.com\/img\/63847078\/Master.jpg\" alt=\"3\" title=\"3\"\/><\/figure>\n<p>..and IT was a feel-good factor<br \/>BSE IT index, which surged almost 5 per cent, finished as the top sectoral gainer of the day, with 47 components advancing and 10 declining. Two stocks remained unchanged. <\/p>\n<p><strong>Banks bleed again!<br \/><\/strong>Now, lets look at the losers of the day. <\/p>\n<p>Bank stocks were among the top losers. YES Bank plunged 3 per cent on BSE on Friday, leading the pack. HDFC, ICICI Bank and State Bank of India, too, figured among the top Sensex losers of the day. The BSE Bankex index declined over 1 per cent, with only two stocks advancing and 8 declining. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/economictimes.indiatimes.com\/img\/63847090\/Master.jpg\" alt=\"Untitled\" title=\"Untitled\"\/><\/figure>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/look-who-moved-my-sensex-tcs-tryst-with-history-bleeding-banks\/articleshow\/63847041.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/60278104.cms\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Blame the banking trio \u2013 ICICI Bank, YES Bank and..<\/p>\n","protected":false},"author":1,"featured_media":73712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-73711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Look, who moved my Sensex! 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