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Nifty pares gains to end flat, but settles July expiry above 10,000

All that happened in Thursday's trade

SI Reporter New Delhi
MARKETS LIVE: Sensex, Nifty pare some gains; broader markets slip in red
bull, bear, market, flat, sensex, nifty

Last Updated : Jul 27 2017 | 3:57 PM IST

3:57 PM

Vinod Nair, Head of Research, Geojit Financial Services

Optimism on earnings growth and dovish tone by US Fed after keeping the key rates on hold energized the market. But volatility emerged towards close on account of expiry and concerns over valuation which influenced investors to book profit. On the other hand, better than expected results from blue-chips will attract investors to large caps as compared to small and mid caps.

3:57 PM

Nifty Bank settles at 24,922 after crossing 25,000-mark for the first time ever.

Source: NSE



3:46 PM

The breadth, indicating the overall health of the market, remained negative. On the BSE, 1,844 shares declined and 880 shares rose. A total of 152 shares were unchanged.

3:45 PM

Top Sensex gainers and losers (Source: BSE)



3:40 PM

Broader markets underperformed. The BSE Midcap and the BSE Smallcap indices slipped 0.5% each. 

3:38 PM

Markets at close

The Sensex ended at its record high of 32,383, up 1 point, while  the Nifty50 closed at 10,020, down 0.1 point. 

3:29 PM

Tata Elxsi hit a 52-week high of Rs 1,767, up 5% on BSE in intra-day trade, after the company’s board recommended 1:1 bonus share. CLICK HERE FOR FULL REPORT


3:24 PM

Dr Reddy's extends losses to slip 3% to Rs 2,620 after 53% fall in Q1 net profit.

3:06 PM

Market check
 
At 3:00 am, the Sensex was trading at 32,406, up 24 points, while the broader Nifty50 was ruling at 10,031, up 11 points.

3:03 PM

Volatility index India VIX down 0.6% to 11

2:28 PM

Earnings impact

Dr Reddy's fell over 1% to Rs 2,648 after the drug major reported 53.2% fall in its consolidated net profit at Rs 59.1 crore for the June quarter versus 126.3 crore reported in the same quarter of the previous fiscal year. The company's consolidated sales rose 2.5% to Rs 3,315 crore against Rs 3,234 crore reported in Q1FY17.


2:03 PM

Earnings impact

HDFC extended gains in the noon deals by rising nearly 6% to Rs 1,726 after the country’s largest mortgage player on Wednesday posted a net profit of Rs 1,556 crore in the June quarter, compared to one of Rs 1,871 crore in April-June 2016. 


1:48 PM

European markets oepned higher after US Fed kept the interest rates unchanged in its policy meeting. Euro Stoxx 50 was up 0.3%, while CAC 40 added 0.4%. FTSE 100 was trading flat with positive bias. 

1:38 PM

Q1 earnings

Maruti Suzuki, country's largest carmaker, reported 4.4% rise in net profit to Rs 1,556 crore for the first quarter ended June 30, 2017. The stock was trading flat at Rs 7,606.




1:30 PM

Indiabulls Real Estate pared gains after climbing over 9% to Rs 244, its highest since October 9, 2009. The gains came after CLSA initiated coverage on the stock with a 'buy' rating, pegging a price target of Rs 282, citing multiple key positives for the company going ahead, reported Reuters. 


First Published: Jul 27 2017 | 3:33 PM IST