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Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

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SI Reporter  |  New Delhi 

Journey to landmark 10,000 mark   Nifty took over nine years to hit 2000 from its base value of 1,000. CLICK HERE FOR THE PDF Vinod Nair, Head of Research, Geojit Financial Services   Nifty witnessed a historical day by touching 10,000 supported by better earnings from blue-chips and strong liquidity. However, profit booking at higher levels pulled the market to mild correction due to psychological effect, muted Q1 results from midcap companies and investors awaited tomorrow’s US Fed monetary policy meet. The breadth, indicating the overall health of the market, was negative. On the BSE, 1,472 shares declined and 1,203 shares rose. A total of 167 shares were unchanged. In the broader market, the BSE Midcap added 0.5% to close at 15,312, while the BSE Smallcap ended at its record high of 16,054, up 0.1%.  Bharti Airtel ended flat at Rs 427 ahead of its June quarter results later in the evening.  Sectoral gainers and losers (source: NSE)

The benchmark indices settled in red after the Nifty50 hit its crucial 10,000 mark for the first time ever as hopes for improving earnings, accelerating economic growth and government reforms boosted investors' confidence.  Overseas, the dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued US inflation and political strains in Washington would limit Federal Reserve interest rate moves for the rest of the year. The Fed starts a two-day meeting later in the day to discuss its monetary ...

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First Published: Tue, July 25 2017. 15:37 IST
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Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

Catch all the live market updates here

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Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

Catch all the live market updates here

The benchmark indices settled in red after the Nifty50 hit its crucial 10,000 mark for the first time ever as hopes for improving earnings, accelerating economic growth and government reforms boosted investors' confidence.  Overseas, the dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued US inflation and political strains in Washington would limit Federal Reserve interest rate moves for the rest of the year. The Fed starts a two-day meeting later in the day to discuss its monetary ...

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