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Sensex ends flat, Nifty below 10,100; indices up 1% for the week

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SI Reporter  |  New Delhi 

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Markets rundown by Jayant Manglik, President, Retail Distribution, Religare Securities   Markets ended almost flat in a volatile session today, pressurized by weak global cues. The news of another missile test by the North Korea led a feeble start but buying in select index majors pared losses completely in the middle. However, profit taking in last half an hour again pushed the bulls slightly on the back foot. Amid all, only IT index managed to close with the decent gain while majority ended flat.    Pharma falls The Nifty Pharma Index was down 0.5%, breaking its three-day winning streak. Dr. Reddy’s Laboratories and Aurobindo Pharma, which gained in the last three sessions, fell 2% and 1.3%, respectively. Source: NSE   ONGC gains   State-owned Oil and Natural Gas Corp however rose over 4.4%, the top percentage gainer on the NSE index, snapping a three-session losing run on rising crude oil prices as demand outlook brightens. Top Sensex gaienrs and losers for the day Source: BSE Broader Markets Among broader markets, BSE Midcap index underperformed the benchmarks indices, down 0.3% while BSE Smallcap index was up 0.4% Markets at close Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week. The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point

Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, Bank and Infosys. The indices were up 1% for the week.

Global stocks remaind subdued after fired another over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.

The launch happened early on Friday after US had been shut for the day. European shares were also trading lower for the day.

However, most analysts feel that the threat to stability for the Indian equity is mostly from the global geopolitical situation that can see the perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a medium-to-long term perspective.

First Published: Fri, September 15 2017. 15:31 IST
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Sensex ends flat, Nifty below 10,100; indices up 1% for the week

Catch all that happened in the market here

Catch all that happened in the market here
Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, Bank and Infosys. The indices were up 1% for the week.

Global stocks remaind subdued after fired another over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.

The launch happened early on Friday after US had been shut for the day. European shares were also trading lower for the day.

However, most analysts feel that the threat to stability for the Indian equity is mostly from the global geopolitical situation that can see the perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a medium-to-long term perspective.

image
Business Standard
177 22

Sensex ends flat, Nifty below 10,100; indices up 1% for the week

Catch all that happened in the market here

Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, Bank and Infosys. The indices were up 1% for the week.

Global stocks remaind subdued after fired another over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.

The launch happened early on Friday after US had been shut for the day. European shares were also trading lower for the day.

However, most analysts feel that the threat to stability for the Indian equity is mostly from the global geopolitical situation that can see the perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a medium-to-long term perspective.

image
Business Standard
177 22