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Sensex, Nifty end flat after a choppy session; broader markets outperform

All that happened in the market today

SI Reporter  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse

Top Sectoral Gainer: Nifty Metal Source: NSE Sectoral Trend Source: NSE Top Sensex gainers and losers Source: BSE Broader Markets Broader market outperform benchmark indices with BSE Midcap and BSE Smallcap up 0.7% and 1.1% respectively Markets at Close The S&P BSE Sensex ended the day at 33,756, down 21 points while the broader Nifty50 index settled at 10,440, down 4 points 2G verdict: There was no wrongdoing on our part, says Unitech M D Chandra   Within hours of acquittal in the 2G spectrum allocation case by a special court, Unitech M D Sanjay Chandra said there was no wrongdoing on his part but his company had to pay the price for the case foisted on him.   Anil Ambani-led Reliance Group also welcomed the court verdict.   Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the case. Fifteen other accused and three companies were also acquitted. READ MORE

The benchmark indices ended flat on Thursday after a choppy session following muted reaction of the to the passage of US tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways.

Back home, a Nomura report said that the Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices.

According to the Japanese financial services major, strengthening of the growth recovery could push a few Monetary Policy Committee (MPC) members towards a "tightening bias".

Minutes of the December 6 policy meeting show that despite upside risks to inflation, most MPC members voted for a pause because of growth concerns, Nomura said.

Meanwhile, a CBI court verdict acquitted all accused, including former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam (DMK) member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias, in the 2G case as the prosecution failed to prove the case against them, stocks of these listed companies rallied as much as 20% in intra-day deals.

First Published: Thu, December 21 2017. 15:31 IST
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Sensex, Nifty end flat after a choppy session; broader markets outperform

All that happened in the market today

All that happened in the market today
The benchmark indices ended flat on Thursday after a choppy session following muted reaction of the to the passage of US tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways.

Back home, a Nomura report said that the Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices.

According to the Japanese financial services major, strengthening of the growth recovery could push a few Monetary Policy Committee (MPC) members towards a "tightening bias".

Minutes of the December 6 policy meeting show that despite upside risks to inflation, most MPC members voted for a pause because of growth concerns, Nomura said.

Meanwhile, a CBI court verdict acquitted all accused, including former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam (DMK) member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias, in the 2G case as the prosecution failed to prove the case against them, stocks of these listed companies rallied as much as 20% in intra-day deals.
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Business Standard
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Sensex, Nifty end flat after a choppy session; broader markets outperform

All that happened in the market today

The benchmark indices ended flat on Thursday after a choppy session following muted reaction of the to the passage of US tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways.

Back home, a Nomura report said that the Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices.

According to the Japanese financial services major, strengthening of the growth recovery could push a few Monetary Policy Committee (MPC) members towards a "tightening bias".

Minutes of the December 6 policy meeting show that despite upside risks to inflation, most MPC members voted for a pause because of growth concerns, Nomura said.

Meanwhile, a CBI court verdict acquitted all accused, including former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam (DMK) member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias, in the 2G case as the prosecution failed to prove the case against them, stocks of these listed companies rallied as much as 20% in intra-day deals.

image
Business Standard
177 22