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MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

All that happened in the markets on Wednesday

SI Reporter  |  New Delhi 

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Nifty Metal rises 1.59%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VEDANTA 296.80 284.10 12.70 4.47 NATL. ALUMINIUM 75.00 72.35 2.65 3.66 JINDAL STAIN .HI 177.70 172.15 5.55 3.22 HIND.COPPER 74.30 72.80 1.50 2.06 HINDALCO INDS. 234.20 230.00 4.20 1.83 BSE Oil and Gas index slips 2.23%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) H P C L 337.15 364.75 -27.60 -7.57 B P C L 417.50 450.95 -33.45 -7.42 I O C L 167.80 179.30 -11.50 -6.41 GAIL (INDIA) 326.75 331.95 -5.20 -1.57 CASTROL INDIA 206.50 208.00 -1.50 -0.72 BSE Sensex: Top gainers and losers Market at close   The S&P BSE Sensex ended at 33,940, up 60 points while the broader Nifty50 index settled at 10,417, up 15 points. Dolly Khanna buys stake in Associates Alcohols in Q4; stock surges 12% Associated Alcohols & Breweries hit a new high of Rs 340, up 12% on the BSE, after the breweries & distilleries company said that Chennai-based value investor Dolly Khanna bought stake in the company during March quarter. Dolly Khanna’s has purchased 187,279 equity shares representing 1.04% stake in Associated Alcohols & Breweries in January-March 2018 quarter, according to latest shareholding pattern filed by the company with the stock exchanges. READ MORE IRB Infra hits over 7-year high; stock surges 10% IRB Infrastructure Developers hit an over seven-year high of Rs 281, up 10% on the BSE, recorded its sharpest single day gain since September 28, 2017, on back of heavy volumes. The stock of roads & highways company is trading at its highest level since August 24, 2010, when it touched a record high of Rs 313 during intra-day trade. READ MORE

Indian came off one-month highs to end flat on Wednesday, after a choppy session dragged by financials and oil marketing companies (OMCs).

Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices. Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at $71.34 a barrel.

Investors await March retail inflation data due on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

Financials were the top losers with the PSU Bank index down over 2% after gaining more than 7% in the last four sessions.

OMCs slumped following reports that the government is asking these firms to absorb price hikes. Hindustan Petroleum Corp plunged over 7% intra-day, while both Bharat Petroleum Corp and Indian Oil Corp dropped over 5%.

Among global markets, Asian rose modestly on Wednesday but pared early gains as caution again crept into over strained US-China trade ties and escalating tensions in Syria.
 
(with inputs from Reuters)

First Published: Wed, April 11 2018. 15:32 IST
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MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

All that happened in the markets on Wednesday

All that happened in the markets on Wednesday
Indian came off one-month highs to end flat on Wednesday, after a choppy session dragged by financials and oil marketing companies (OMCs).

Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices. Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at $71.34 a barrel.

Investors await March retail inflation data due on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

Financials were the top losers with the PSU Bank index down over 2% after gaining more than 7% in the last four sessions.

OMCs slumped following reports that the government is asking these firms to absorb price hikes. Hindustan Petroleum Corp plunged over 7% intra-day, while both Bharat Petroleum Corp and Indian Oil Corp dropped over 5%.

Among global markets, Asian rose modestly on Wednesday but pared early gains as caution again crept into over strained US-China trade ties and escalating tensions in Syria.
 
(with inputs from Reuters)

image
Business Standard
177 22

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

All that happened in the markets on Wednesday

Indian came off one-month highs to end flat on Wednesday, after a choppy session dragged by financials and oil marketing companies (OMCs).

Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices. Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at $71.34 a barrel.

Investors await March retail inflation data due on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

Financials were the top losers with the PSU Bank index down over 2% after gaining more than 7% in the last four sessions.

OMCs slumped following reports that the government is asking these firms to absorb price hikes. Hindustan Petroleum Corp plunged over 7% intra-day, while both Bharat Petroleum Corp and Indian Oil Corp dropped over 5%.

Among global markets, Asian rose modestly on Wednesday but pared early gains as caution again crept into over strained US-China trade ties and escalating tensions in Syria.
 
(with inputs from Reuters)

image
Business Standard
177 22