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MARKETS ON WEDNESDAY: Indices snap 9 sessions of gains; banking stocks drag

Benchmark indices ended flat on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results.

SI Reporter  |  New Delhi 

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Nifty PSU Bank index ends 1.10% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 141.65 147.85 -6.20 -4.19 INDIAN BANK 306.75 318.95 -12.20 -3.83 ANDHRA BANK 42.05 43.00 -0.95 -2.21 IDBI BANK 69.95 71.05 -1.10 -1.55 ORIENTAL BANK 94.60 95.85 -1.25 -1.30 Nifty FMCG index ends 1.74% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) GODREJ CONSUMER 1134.30 1076.40 57.90 5.38 DABUR INDIA 356.20 343.75 12.45 3.62 GODREJ INDS. 595.00 577.60 17.40 3.01 ITC 275.45 267.60 7.85 2.93 TATA GLOBAL 285.45 280.95 4.50 1.60 Sectoral performers BSE Sensex: ITC, Wipro among top gainers, Axi Bank top loser Market at close   The S&P BSE Sensex ended at 34,332, down 63 points while the broader Nifty50 index settled at 10,526, down 23 points. World stocks at four-week highs as earnings rekindle risk appetite Global stocks climbed to their highest in nearly four weeks on Wednesday as strong US first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump. European stocks rose in early trading, pushing MSCI's index of world stocks up 0.2 per cent to its highest since March 22. The top index of euro zone stocks rose 0.4 per cent to its highest since Feb. 5, when a spike in volatility amplified a sell-off in global equity markets. READ MORE

Benchmark ended in red on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results, dragged mainly by banking and financial

The S&P ended at 34,332, down 63 points while the broader Nifty50 index settled at 10,526, down 23 points.

Among sectoral indices, PSU Bank fell nearly1% on fall in almost all Bank of Baroda, Indian Bank, Andhra Bank, OBC, Syndicate Bank, Union Bank, IDBI Bank and SBI declined up to 4%.

In the global markets, Asian crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.

MSCI's broadest index of Asia-Pacific outside Japan edged up 0.2 per cent in early trade, though that follows four straight sessions of losses.

Japan's Nikkei added 0.6 per cent, with investors waiting for any developments on trade as Japanese Prime Minister Shinzo Abe meets President Donald Trump at his Mar-a-Lago resort.

(with Reuters inputs)

First Published: Wed, April 18 2018. 15:30 IST
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MARKETS ON WEDNESDAY: Indices snap 9 sessions of gains; banking stocks drag

Benchmark indices ended flat on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results.

Benchmark indices ended flat on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results.
Benchmark ended in red on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results, dragged mainly by banking and financial

The S&P ended at 34,332, down 63 points while the broader Nifty50 index settled at 10,526, down 23 points.

Among sectoral indices, PSU Bank fell nearly1% on fall in almost all Bank of Baroda, Indian Bank, Andhra Bank, OBC, Syndicate Bank, Union Bank, IDBI Bank and SBI declined up to 4%.

In the global markets, Asian crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.

MSCI's broadest index of Asia-Pacific outside Japan edged up 0.2 per cent in early trade, though that follows four straight sessions of losses.

Japan's Nikkei added 0.6 per cent, with investors waiting for any developments on trade as Japanese Prime Minister Shinzo Abe meets President Donald Trump at his Mar-a-Lago resort.

(with Reuters inputs)

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Business Standard
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MARKETS ON WEDNESDAY: Indices snap 9 sessions of gains; banking stocks drag

Benchmark indices ended flat on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results.

Benchmark ended in red on Wednesday, snapping 9 session of gains, as investors remained cautious on quarterly results, dragged mainly by banking and financial

The S&P ended at 34,332, down 63 points while the broader Nifty50 index settled at 10,526, down 23 points.

Among sectoral indices, PSU Bank fell nearly1% on fall in almost all Bank of Baroda, Indian Bank, Andhra Bank, OBC, Syndicate Bank, Union Bank, IDBI Bank and SBI declined up to 4%.

In the global markets, Asian crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.

MSCI's broadest index of Asia-Pacific outside Japan edged up 0.2 per cent in early trade, though that follows four straight sessions of losses.

Japan's Nikkei added 0.6 per cent, with investors waiting for any developments on trade as Japanese Prime Minister Shinzo Abe meets President Donald Trump at his Mar-a-Lago resort.

(with Reuters inputs)

image
Business Standard
177 22