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Markets pare some losses to end marginally lower; Nifty down 0.3% for week

Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm

Pranati Deva  |  New Delhi 

Where are Nifty stocks headed?

Extending losses for second consecutive week, benchmark indices settled marginally lower in a volatile session as investors stayed cautious in the earnings season. Nifty50 slipped below 9,100, dragged by index heavyweights like and However, and supported the market.
 
The S&P BSE settled the day at 29,365, down 57 points, while the broader Nifty50 ended at 9,119, down 17 points.


 
In the broader market, the S&P BSE index and the S&P BSE index added 0.02% and 0.2%

"The quarter results till date has painted a mixed picture while concern over upcoming French election is adding risk to the market. A hawkish tone of RBI in its latest minutes has also added pressure on the downside," said  Vinod Nair, Head of Research, Geojit Financial Services.
 
Small and stocks hit record highs, with the 100 index climbing as much as 1.1% and the 100 index up as much as 0.6%.
 
pips to become most valued firm
 
Mukesh Ambani-led Industries on Friday regained its status as India's most valued firm by market capitalisation, overtaking Tata Group's crown jewel The company gained as much as 3.7% to Rs 1,420 after the company commissioned a project to produce paraxylene at Jamnagar in Gujarat.
 
Shares of ended 2.4% higher at Rs 1,403 on BSE giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore — the highest for any listed firm in the country. This was Rs 3,151.92 crore more than TCS' Rs 4,57,139.28 crore valuation at the time. settled the day 0.7% lower.
 
Other Stocks
 
HDFC Bank, RIL, gained the most on BSE while Sun Pharma, Adani Ports, Cipla and were the biggest laggards on the index.
 
Shares of hit record high of Rs 1,500, up 2.6% on BSE after the private sector lender reported a better-than-expected 18% growth in standalone net profit at Rs 3,990 crore for the quarter ended March 2017 (Q4FY17).
 
pared gains to end flat after advancing as much as 1.4% after suffering heavy losses in the previous session to settle the week 3.8% lower while ACC dropped over 1% ahead of its March-quarter earnings result.

Retail investors have missed the rally in SpiceJet as individual shareholders reduced their stake in the company by more than four percentage points in March quarter (Q4). The stock rallied 5.4% to Rs 109.7, trading close to its record high of Rs 115 touched on September 2005 on BSE in intra-day trade.
 
surged 9.3% to Rs 131.60, extending its Thursday’s 11% rally on after Madhuri Madhusudan Kela bought 704,741 equity shares or 0.53% stake in the company at price of Rs 117 per share, the bulk deal data showed.
 
Global Markets
 
Asian stocks were set to end the week on a positive note, unscathed by a US trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State.
 
European shares advanced in early deals on Friday, though France's benchmark CAC 40 declined slightly ahead of the first round of voting in the French presidential election.
 
The pan-European STOXX 600 index was up 0.1%, on track to mark its third session of straight gains, while France's CAC fell 0.4%.
 
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5% on Friday, taking its cue from Wall Street's solid performance overnight on expectations of strong first-quarter earnings growth. It is still poised for a 0.4% weekly loss.
 
Japan's Nikkei advanced 0.8%, on track for a weekly gain of 1.4%.
 
Chinese shares in Shanghai added 0.1%, set for a 2.2% weekly drop, their worst since mid-December. Hong Kong stocks were little changed, heading for a 0.8% loss for the week.

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Markets pare some losses to end marginally lower; Nifty down 0.3% for week

Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm

Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm Extending losses for second consecutive week, benchmark indices settled marginally lower in a volatile session as investors stayed cautious in the earnings season. Nifty50 slipped below 9,100, dragged by index heavyweights like and However, and supported the market.
 
The S&P BSE settled the day at 29,365, down 57 points, while the broader Nifty50 ended at 9,119, down 17 points.
 
In the broader market, the S&P BSE index and the S&P BSE index added 0.02% and 0.2%

"The quarter results till date has painted a mixed picture while concern over upcoming French election is adding risk to the market. A hawkish tone of RBI in its latest minutes has also added pressure on the downside," said  Vinod Nair, Head of Research, Geojit Financial Services.
 
Small and stocks hit record highs, with the 100 index climbing as much as 1.1% and the 100 index up as much as 0.6%.
 
pips to become most valued firm
 
Mukesh Ambani-led Industries on Friday regained its status as India's most valued firm by market capitalisation, overtaking Tata Group's crown jewel The company gained as much as 3.7% to Rs 1,420 after the company commissioned a project to produce paraxylene at Jamnagar in Gujarat.
 
Shares of ended 2.4% higher at Rs 1,403 on BSE giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore — the highest for any listed firm in the country. This was Rs 3,151.92 crore more than TCS' Rs 4,57,139.28 crore valuation at the time. settled the day 0.7% lower.
 
Other Stocks
 
HDFC Bank, RIL, gained the most on BSE while Sun Pharma, Adani Ports, Cipla and were the biggest laggards on the index.
 
Shares of hit record high of Rs 1,500, up 2.6% on BSE after the private sector lender reported a better-than-expected 18% growth in standalone net profit at Rs 3,990 crore for the quarter ended March 2017 (Q4FY17).
 
pared gains to end flat after advancing as much as 1.4% after suffering heavy losses in the previous session to settle the week 3.8% lower while ACC dropped over 1% ahead of its March-quarter earnings result.

Retail investors have missed the rally in SpiceJet as individual shareholders reduced their stake in the company by more than four percentage points in March quarter (Q4). The stock rallied 5.4% to Rs 109.7, trading close to its record high of Rs 115 touched on September 2005 on BSE in intra-day trade.
 
surged 9.3% to Rs 131.60, extending its Thursday’s 11% rally on after Madhuri Madhusudan Kela bought 704,741 equity shares or 0.53% stake in the company at price of Rs 117 per share, the bulk deal data showed.
 
Global Markets
 
Asian stocks were set to end the week on a positive note, unscathed by a US trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State.
 
European shares advanced in early deals on Friday, though France's benchmark CAC 40 declined slightly ahead of the first round of voting in the French presidential election.
 
The pan-European STOXX 600 index was up 0.1%, on track to mark its third session of straight gains, while France's CAC fell 0.4%.
 
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5% on Friday, taking its cue from Wall Street's solid performance overnight on expectations of strong first-quarter earnings growth. It is still poised for a 0.4% weekly loss.
 
Japan's Nikkei advanced 0.8%, on track for a weekly gain of 1.4%.
 
Chinese shares in Shanghai added 0.1%, set for a 2.2% weekly drop, their worst since mid-December. Hong Kong stocks were little changed, heading for a 0.8% loss for the week.
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Business Standard
177 22

Markets pare some losses to end marginally lower; Nifty down 0.3% for week

Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm

Extending losses for second consecutive week, benchmark indices settled marginally lower in a volatile session as investors stayed cautious in the earnings season. Nifty50 slipped below 9,100, dragged by index heavyweights like and However, and supported the market.
 
The S&P BSE settled the day at 29,365, down 57 points, while the broader Nifty50 ended at 9,119, down 17 points.
 
In the broader market, the S&P BSE index and the S&P BSE index added 0.02% and 0.2%

"The quarter results till date has painted a mixed picture while concern over upcoming French election is adding risk to the market. A hawkish tone of RBI in its latest minutes has also added pressure on the downside," said  Vinod Nair, Head of Research, Geojit Financial Services.
 
Small and stocks hit record highs, with the 100 index climbing as much as 1.1% and the 100 index up as much as 0.6%.
 
pips to become most valued firm
 
Mukesh Ambani-led Industries on Friday regained its status as India's most valued firm by market capitalisation, overtaking Tata Group's crown jewel The company gained as much as 3.7% to Rs 1,420 after the company commissioned a project to produce paraxylene at Jamnagar in Gujarat.
 
Shares of ended 2.4% higher at Rs 1,403 on BSE giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore — the highest for any listed firm in the country. This was Rs 3,151.92 crore more than TCS' Rs 4,57,139.28 crore valuation at the time. settled the day 0.7% lower.
 
Other Stocks
 
HDFC Bank, RIL, gained the most on BSE while Sun Pharma, Adani Ports, Cipla and were the biggest laggards on the index.
 
Shares of hit record high of Rs 1,500, up 2.6% on BSE after the private sector lender reported a better-than-expected 18% growth in standalone net profit at Rs 3,990 crore for the quarter ended March 2017 (Q4FY17).
 
pared gains to end flat after advancing as much as 1.4% after suffering heavy losses in the previous session to settle the week 3.8% lower while ACC dropped over 1% ahead of its March-quarter earnings result.

Retail investors have missed the rally in SpiceJet as individual shareholders reduced their stake in the company by more than four percentage points in March quarter (Q4). The stock rallied 5.4% to Rs 109.7, trading close to its record high of Rs 115 touched on September 2005 on BSE in intra-day trade.
 
surged 9.3% to Rs 131.60, extending its Thursday’s 11% rally on after Madhuri Madhusudan Kela bought 704,741 equity shares or 0.53% stake in the company at price of Rs 117 per share, the bulk deal data showed.
 
Global Markets
 
Asian stocks were set to end the week on a positive note, unscathed by a US trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State.
 
European shares advanced in early deals on Friday, though France's benchmark CAC 40 declined slightly ahead of the first round of voting in the French presidential election.
 
The pan-European STOXX 600 index was up 0.1%, on track to mark its third session of straight gains, while France's CAC fell 0.4%.
 
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5% on Friday, taking its cue from Wall Street's solid performance overnight on expectations of strong first-quarter earnings growth. It is still poised for a 0.4% weekly loss.
 
Japan's Nikkei advanced 0.8%, on track for a weekly gain of 1.4%.
 
Chinese shares in Shanghai added 0.1%, set for a 2.2% weekly drop, their worst since mid-December. Hong Kong stocks were little changed, heading for a 0.8% loss for the week.

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Business Standard
177 22