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Sensex ends flat, Nifty settles below 10,100; Wipro top loser, down 4%

All that happened in Thursday's trade

SI Reporter  |  New Delhi 

Anand James, Chief Market Strategist, Geojit Financial Services    Unsteady movements in the oil marketing company stocks, with uncertainties prevailing over the fuel prices kept markets volatile early in the day, but strength in midcaps kept market sentiments buoyant. The late surge in PSUs is suggestive that investors are expectant of the speeding process of NPA resolution and anticipating news on the consolidation of PSU banks, sooner than later. Sectoral trend  Source: NSE Nikhil Kamath, Co-Founder and Head of Trading, Zerodha   The indices continued to scale up, now within touching distance of the all time highs yet again. An overall bull trend has been firmly established and is definitely in play, in the short term there could be fluctuations based on the inherent froth that has crept into the system. Everybody seems to be calling for higher levels and the overall sentiment is definitely bullish. In the near term we expect some volatility taking the markets lower by 3-5%, post which the bull trend could resume again. Sensex heatmap at close  Source: BSE Market breadth  The breadth, indicating the overall health of the market, remained neutral. On BSE, 1,311 shares rose and 1,304 shares declined. A total of 152 shares were unchanged.  Broader markets outperform  Broader markets outperformed with the BSE Midcap and the BSE Smallcap indices adding 0.6% each. 

The benchmark indices pared morning gains to end flat with the Nifty settling below 10,100 on Thursday after data showed that the wholesale price index (WPI)-based inflation rose to 3.24% from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products,   Overseas, Asian stocks ended mixed, consolidating after touching their highest in a decade, while the European markets inched lower. Investors now await the US consumer price index (CPI) due later in the session and its potential impact on the Federal Reserve’s stance ...

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First Published: Thu, September 14 2017. 15:48 IST
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Sensex ends flat, Nifty settles below 10,100; Wipro top loser, down 4%

All that happened in Thursday's trade

The benchmark indices pared morning gains to end flat with the Nifty settling below 10,100 on Thursday after data showed that the wholesale price index (WPI)-based inflation rose to 3.24% from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products,   Overseas, Asian stocks ended mixed, consolidating after touching their highest in a decade, while the European markets inched lower. Investors now await the US consumer price index (CPI) due later in the session and its potential impact on the Federal Reserve’s stance ...

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