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Sensex slips 162 points, Nifty below 10,500 on fiscal deficit concerns

All that happened in the markets today.

SI Reporter  |  New Delhi 

MARKET COMMENT: Jayant Manglik, President, Religare Broking Indian market saw another lackluster trading session amid volatility, taking cues from global markets and dismal PMI data. The Nifty index ended down 0.6% led by selling in Banking, Metal and Capital Goods stocks. The broader market indices outperformed the frontline index. On global front, Asian and Europeans markets faltered and bonds were sold off as risk appetite soured after comments from new Federal Reserve Chair revived fears about faster rate rises in the US.   We expect the Indian equities to consolidate in the coming sessions without any major triggers in the near term. Also global developments could lead to market volatility in the near term. However, any further correction at this juncture should be considered as a healthy buying opportunity for investors in quality companies with strong financials and bright outlook. Meanwhile traders should remain cautious and keep their positions hedged, as volatility is likely to remain high in the coming sessions   Sectoral Watch Private banks fall, Nifty Bank ends 1% lower Sectoral watch Nifty PSU Banks pare losses, ends in green Sectoral Trend Sensex top gainers and losers Markets at Close   The S&P BSE Sensex ended at 34,184, down 162 points while the broader Nifty50 index settled at 10,492, down 61 points.

The benchmark indices ended lower on Wednesday on  fiscal deficit concerns. The S&P BSE Sensex ended at 34,184, down 162 points while the broader Nifty50 index settled at 10,493, down 61 points. In economic data released today, India reported a fiscal deficit of Rs 6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Meanwhile, growth in India's factory activity slowed to a four-month low in February as new orders eased and weighed on output after manufacturers raised prices at the fastest ...

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First Published: Wed, February 28 2018. 15:30 IST
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Sensex slips 162 points, Nifty below 10,500 on fiscal deficit concerns

All that happened in the markets today.

The benchmark indices ended lower on Wednesday on  fiscal deficit concerns. The S&P BSE Sensex ended at 34,184, down 162 points while the broader Nifty50 index settled at 10,493, down 61 points. In economic data released today, India reported a fiscal deficit of Rs 6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Meanwhile, growth in India's factory activity slowed to a four-month low in February as new orders eased and weighed on output after manufacturers raised prices at the fastest ...

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