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MARKETS ON WEDNESDAY: Indices end lower, Nifty below 10,600; Airtel up 3%

Benchmark indices edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE, Trade
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Market rundown by Anand James, chief market strategist at Geojit Financial Services    "Global volatility led by high bond yields in the US attracted some profit booking in the domestic markets, a day prior to the F&O expiry. Rupee hitting a 14 month low against the backdrop of persistent selling by the FIIs and the rollover numbers languishing at an eight month low figure added to the weakness in the domestic indices. But, healthier Q4 earnings numbers, continuing buying interest seen in the IT sector and marginal easing in oil prices guarded the key support levels in the benchmark indices." Nifty PSU Bank index ends 1.65%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 136.35 141.85 -5.50 -3.88 BANK OF INDIA 97.30 101.05 -3.75 -3.71 ORIENTAL BANK 87.95 89.70 -1.75 -1.95 UNION BANK (I) 90.80 92.35 -1.55 -1.68 CANARA BANK 254.35 258.70 -4.35 -1.68 Sectoral Trend BSE Sensex: Airtel, TCS among top gainers of the day, Tata Steel top loser Market at close   The S&P BSE Sensex ended at 34,501, down 115 points while the broader Nifty50 index settled at 10,571, down 44 points. Gold falls on strong dollar, higher US yields Gold prices dropped on Wednesday as benchmark U.S. bond yields poked above the 3 percent level and lifted the dollar to its highest in more than three months. Spot gold was down half-a-percent at $1,323.59 per ounce READ MORE

Benchmark edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits amid weakened global sentiment.

The S&P ended at 34,501, down 115 points while the broader Nifty50 index settled at 10,571, down 44 points.

Bharti rose 3%, after the company’s fourth quarter results beat expectations of a loss and as it approved a merger of its mobile masts unit with Indus Towers.

Among sectoral indices, the Metal index slipped over 1.5% led by a fall in of Welspun Corp and Hindalco Industries.

World were on their longest losing streak of the year on Wednesday, as a rise in US bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in may have peaked.

Falls in Asia’s and then Europe’s main bourses pushed the 47-country MSCI world share index down for a fifth day running to its lowest level in over two weeks. 

(with inputs from Reuters)

First Published: Wed, April 25 2018. 15:30 IST
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MARKETS ON WEDNESDAY: Indices end lower, Nifty below 10,600; Airtel up 3%

Benchmark indices edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits

Benchmark indices edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits
Benchmark edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits amid weakened global sentiment.

The S&P ended at 34,501, down 115 points while the broader Nifty50 index settled at 10,571, down 44 points.

Bharti rose 3%, after the company’s fourth quarter results beat expectations of a loss and as it approved a merger of its mobile masts unit with Indus Towers.

Among sectoral indices, the Metal index slipped over 1.5% led by a fall in of Welspun Corp and Hindalco Industries.

World were on their longest losing streak of the year on Wednesday, as a rise in US bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in may have peaked.

Falls in Asia’s and then Europe’s main bourses pushed the 47-country MSCI world share index down for a fifth day running to its lowest level in over two weeks. 

(with inputs from Reuters)
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Business Standard
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MARKETS ON WEDNESDAY: Indices end lower, Nifty below 10,600; Airtel up 3%

Benchmark indices edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits

Benchmark edged down on Wednesday, paring gains of nearly 5% this month, as investors booked profits amid weakened global sentiment.

The S&P ended at 34,501, down 115 points while the broader Nifty50 index settled at 10,571, down 44 points.

Bharti rose 3%, after the company’s fourth quarter results beat expectations of a loss and as it approved a merger of its mobile masts unit with Indus Towers.

Among sectoral indices, the Metal index slipped over 1.5% led by a fall in of Welspun Corp and Hindalco Industries.

World were on their longest losing streak of the year on Wednesday, as a rise in US bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in may have peaked.

Falls in Asia’s and then Europe’s main bourses pushed the 47-country MSCI world share index down for a fifth day running to its lowest level in over two weeks. 

(with inputs from Reuters)

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Business Standard
177 22