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Sensex ends flat, Nifty settles above 10,300 as oil steadies; ITC down 2%

All that happened in the market today

SI Reporter  |  New Delhi 

markets, Sensex, Nifty

Market rundown by Vinod Nair, Head of Research at Geojit Financial Services "Market extended the consolidation phase on profit booking. However, renewed buying in consumer durables restricted further fall in the market on expectation of reducing taxes for product coming under 28% GST tax bracket. Albeit, investors are watchful ahead of key domestic macros CPI inflation & IIP data and global oil price fluctuation to get the direction."     Biggest Sectoral Loser: Nifty Pharma Source: NSE Top Sectoral gainer: Nifty PSU Banks Source: NSE Sectoral Trend Source: NSE Top Sensex gainers and losers Source: BSE Broader Markets In broader markets, the BSE Midcap and BSE Smallcap indices outperformed benchmark indices, ending 1% and 0.7% up for the day

Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.

Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in US stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.

Back home, GST (goods and services tax) Council is likely to slash the indirect tax rates on as many as 165 items at its meeting in Guwahati, which begins later today. At present, these 165 items attract 28% tax, which could be moved to the 18% category. 

First Published: Thu, November 09 2017. 15:30 IST
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Sensex ends flat, Nifty settles above 10,300 as oil steadies; ITC down 2%

All that happened in the market today

All that happened in the market today
Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.

Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in US stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.

Back home, GST (goods and services tax) Council is likely to slash the indirect tax rates on as many as 165 items at its meeting in Guwahati, which begins later today. At present, these 165 items attract 28% tax, which could be moved to the 18% category. 
image
Business Standard
177 22

Sensex ends flat, Nifty settles above 10,300 as oil steadies; ITC down 2%

All that happened in the market today

Benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.

Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in US stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.

Back home, GST (goods and services tax) Council is likely to slash the indirect tax rates on as many as 165 items at its meeting in Guwahati, which begins later today. At present, these 165 items attract 28% tax, which could be moved to the 18% category. 

image
Business Standard
177 22