You are here: Home » Markets » News
Business Standard

Nifty ends lower but manages to hold 10,000-mark; all indices settle in red

Catch all that happened in the market here

SI Reporter  |  New Delhi 

Analyst View   Vinod Nair, Head of Research, Geojit Financial Services said: Disappointed by yesterday's decision of the central bank, interest rate sensitive stocks were under pressure today. If RBI has shifted its stance from neutral to accommodative the extent of the impact could have been minimal.    Additionally, market is exposed to profit-booking measure given lofty valuation and start of subdued performance for Q1FY18 from tier-2 companies which are impacted by the double whammy of Demo and GST. Nifty chart for the day Source: NSE Global Check MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, with South Korea's tech-heavy Kospi index slumping 1.7% to its lowest level in over three weeks. Seoul shares took an additional hit from President Moon Jae-in's new tax plan.   Japan's blue-chip Nikkei stock index closed down 0.3%.   European stock markets opened broadly lower, Germany's DAX slipping 0.6% and France's CAC 0.4% lower. Britain's FTSE was down 0.2%. Nifty PSU Bank index Source: NSE Other indices that slipped in trade included Nifty Metal (down 1.9%), Nifty Fin Services (down 1.3%) and Nifty Pharma (down 1.2%) All indices ended in red dragged mainly by the banking sector. Nifty PSU Bank index fell 2.9% while Nifty Bank and Nofty Pvt Bank indices lost 1.5% and 1.6% respectively

Benchmark indices settled the indices lower with Nifty ending only a little above 10,000-mark and Sensex down over 200 points after activity in service sector contracted at the sharpest rate in nearly four years in July after GST sowed confusion and sent new orders into free fall. All sectoral indices ended in red, contributing to the losses. Investors were also disappointed with just 25 bps rate cut by Reserve Bank of India (RBI). 25 bps was already priced in, experts believed. On the other hand, World stock markets fell, led by a tumble in tech shares as ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
74.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Requires you to share your personal information*
Payment through Credit Card only
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Payment through Credit Card only
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Exclusive invite to select Business Standard events.

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
First Published: Thu, August 03 2017. 15:31 IST
RECOMMENDED FOR YOU

Nifty ends lower but manages to hold 10,000-mark; all indices settle in red

Catch all that happened in the market here

Catch all that happened in the market here Benchmark indices settled the indices lower with Nifty ending only a little above 10,000-mark and Sensex down over 200 points after activity in service sector contracted at the sharpest rate in nearly four years in July after GST sowed confusion and sent new orders into free fall. All sectoral indices ended in red, contributing to the losses. Investors were also disappointed with just 25 bps rate cut by Reserve Bank of India (RBI). 25 bps was already priced in, experts believed. On the other hand, World stock markets fell, led by a tumble in tech shares as ... image
Business Standard
177 22

Nifty ends lower but manages to hold 10,000-mark; all indices settle in red

Catch all that happened in the market here

Benchmark indices settled the indices lower with Nifty ending only a little above 10,000-mark and Sensex down over 200 points after activity in service sector contracted at the sharpest rate in nearly four years in July after GST sowed confusion and sent new orders into free fall. All sectoral indices ended in red, contributing to the losses. Investors were also disappointed with just 25 bps rate cut by Reserve Bank of India (RBI). 25 bps was already priced in, experts believed. On the other hand, World stock markets fell, led by a tumble in tech shares as ...

image
Business Standard
177 22