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Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade

SI Reporter  |  New Delhi 

Bonds, Stock markets, Shares, Trading

Vinod Nair, Head of Research, Geojit Financial Services    Market moved in a tepid manner after recording the all time high, investors turned jittery ahead of RBI minutes. Market is gradually pricing the positive aura raised from the political front, going forward valuation and transition of reforms into earnings will be the key catalyst to fuel the market sentiment. RCom surges 45% after NCLT adjourns hearing of insolvency petition   Reliance Communications (RCom) rose as much as 45% in intra-day trade today after the National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance Communicationsto early next month after a group of the telecom operator's lenders sought time to consider converting the company's loans into equity. READ FULL REPORT Market breadth positive   The breadth, indicating the overall health of the market, remained strong. On the BSE, 1,590 shares rose and 1,120 shares fell. A total of 177 shares were unchanged.   Sectoral trend at close Source: NSE Markets at close Index Current Pt. Change % Change   S&P BSE SENSEX 33,777.38 -59.36 -0.18   S&P BSE SENSEX 50 10,894.53 -16.55 -0.15   S&P BSE SENSEX Next 50 36,305.68 +34.50 +0.10   S&P BSE 100 10,931.34 -12.15 -0.11   S&P BSE Bharat 22 Index 3,762.81 +12.73 +0.34 Source: BSE Top five Nifty losers in last leg of trade  Source: NSE

The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.

Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros. 

Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of India’s policy meeting earlier this month in which the policy rate was kept unchanged. The minutes are scheduled to be released after market hours.

First Published: Wed, December 20 2017. 15:33 IST
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Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade

All that happened in Wednesday's trade
The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.

Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros. 

Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of India’s policy meeting earlier this month in which the policy rate was kept unchanged. The minutes are scheduled to be released after market hours.
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Business Standard
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Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade

The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.

Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros. 

Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of India’s policy meeting earlier this month in which the policy rate was kept unchanged. The minutes are scheduled to be released after market hours.

image
Business Standard
177 22