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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

SI Reporter  |  New Delhi 

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Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services    "The sustained stretch of upsides prevailing all through April has begun to weigh on investors, and PSU and metal saw profit booking, especially with global markets seen shaky ahead of FOMC rate deicison. FII’s continued selling since mid April has emerged as a point of contention but positive factory growth numbers, strong auto sales, upbeat GST revenue collection will seek to extend the ongoing momentum aided by positive earnings season."   Top draggers from Nifty IT pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME HCL TECHNOLOGIES 1005.35 1052.75 -47.40 -4.50 7506238 MINDTREE 1057.00 1084.60 -27.60 -2.54 1793235 ORACLE FIN.SERV. 4207.65 4310.10 -102.45 -2.38 26798 KPIT TECH. 253.15 258.60 -5.45 -2.11 1188805 TATA ELXSI 1216.70 1237.80 -21.10 -1.70 548914 Nifty Metal index falls over 3%: Top losers in the pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME S A I L 72.95 77.65 -4.70 -6.05 14022263 JINDAL STEEL 237.80 252.10 -14.30 -5.67 6073671 HIND.ZINC 308.55 326.85 -18.30 -5.60 3606390 VEDANTA 283.45 298.40 -14.95 -5.01 12024307 MOIL 197.30 205.25 -7.95 -3.87 538682 Sectoral Trend Top Sensex gainers and losers Markets at Close The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Benchmark ended flat Wednesday  after a choppy session dragged by losses in the metal and IT

The S&P ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening.

The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Back home, of HCL Technologies dipped 4.5% to Rs 1,005 per share on the after the IT company posted a 9.9 percent fall in its fourth-quarter net profit earlier today, hurt by higher expenses.

InterGlobe Aviation, the parent company of IndiGo, will also announce their quarterly results today. will look for the company's future plans after the recent exit of its president, Aditya Ghosh.

GLOBAL MARKETS

Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the US Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.
 
MSCI’s broadest index of Asia-Pacific outside Japan fell 0.3 per cent, while Japan’s Nikkei shed 0.2 per cent.

(with Reuters inputs)

First Published: Wed, May 02 2018. 15:31 IST
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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.
Benchmark ended flat Wednesday  after a choppy session dragged by losses in the metal and IT

The S&P ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening.

The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Back home, of HCL Technologies dipped 4.5% to Rs 1,005 per share on the after the IT company posted a 9.9 percent fall in its fourth-quarter net profit earlier today, hurt by higher expenses.

InterGlobe Aviation, the parent company of IndiGo, will also announce their quarterly results today. will look for the company's future plans after the recent exit of its president, Aditya Ghosh.

GLOBAL MARKETS

Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the US Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.
 
MSCI’s broadest index of Asia-Pacific outside Japan fell 0.3 per cent, while Japan’s Nikkei shed 0.2 per cent.

(with Reuters inputs)
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Business Standard
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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

Benchmark ended flat Wednesday  after a choppy session dragged by losses in the metal and IT

The S&P ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening.

The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Back home, of HCL Technologies dipped 4.5% to Rs 1,005 per share on the after the IT company posted a 9.9 percent fall in its fourth-quarter net profit earlier today, hurt by higher expenses.

InterGlobe Aviation, the parent company of IndiGo, will also announce their quarterly results today. will look for the company's future plans after the recent exit of its president, Aditya Ghosh.

GLOBAL MARKETS

Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the US Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.
 
MSCI’s broadest index of Asia-Pacific outside Japan fell 0.3 per cent, while Japan’s Nikkei shed 0.2 per cent.

(with Reuters inputs)

image
Business Standard
177 22