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MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Markets ended flat on Friday with losses in financials and metals overshadowing gains in information technology stock

SI Reporter  |  New Delhi 

(with Reuters inputs)

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MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Nifty IT index surged 4.80% on Friday. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) MINDTREE 987.95 897.60 90.35 10.07 TCS 3414.00 3191.15 222.85 6.98 TECH MAHINDRA 696.10 665.20 30.90 4.65 INFOSYS 1179.65 1132.85 46.80 4.13 HCL TECHNOLOGIES 1057.00 1018.55 38.45 3.77

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Sectoral Trend

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

BSE Sensex: Gainers and losers

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Market at close   The S&P BSE Sensex ended at 34,416, down 12 points while the broader Nifty50 index settled at 10,564, down 1 points.

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Analysis: Asian oil demand to hit record, but industry can't take eyes off Middle East Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.   Most analysts have pointed to escalating Middle East conflicts, a crisis in Venezuela, and the supply cuts of Saudi Arabia and other producers as the main drivers taking global benchmark Brent and U.S. West Texas Intermediate crude futures this week to their highest since late 2014 at almost $75 and $70 a barrel, respectively. READ MORE

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Ashok Leyland expects 20% growth in bus business this year Commercial Vehicle major Ashok Leyland is expecting a 20 per cent growth in its bus business, as the segment is picking up growth from a slow pace last year. In the previous year, the industry and the company had seen a decline of around 23 per cent owing to various reasons including confusion among customers regarding the delayed Bus Body Code. However, the company managed to increase its market share by 0.3 per cent. READ MORE

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Global Check European markets were lower, as investors monitored a fresh batch of corporate earnings and economic data.   In Asia, equities were dragged lower after the world's largest chipmaker delivered a disappointing forecast late Thursday. Taiwan Semiconductor Manufacturing slashed its revenue target to the lower end of forecast, citing weaker-than-expected demand for smartphones. MSCI's broadest index of Asia-Pacific shares, excluding Japan, was off almost 1 percent on Friday.

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Buzzing Stock Prakash Constrowell share price rallied 10% after the company has been declared L-1 bidder by the MCGM (Municipal Corporation of Greater Mumbai) for the new project Dumpsite Reclamation at Mulund Dumping Ground (MDG) in Mumbai by adopting suitable technology for existing garbage dump.

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

JB Chemicals slips on receiving closure order for Daman plant   J B Chemicals & Pharmaceuticals fell 2.33% to Rs 312.65 on BSE after the company said it received an order from Pollution Control Committee, Daman for closure of its formulation manufacturing facility at Daman.

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Market Check   S&P BSE Sensex 34,381.72 -0.13%   Nifty 50 10,551.10 -0.13%   S&P BSE 200 4,638.44 -0.27%   Nifty 500 9,334.10 -0.24%   S&P BSE Mid-Cap 16,770.44 -0.61%   S&P BSE Small-Cap 18,145.78 -0.16%

MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

India's oil imports from Inran fell 15.7 per cent in fiscal year 2017-18 India's oil imports from Iran during the 2017-18 fiscal year fell by 15.7 per cent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources. India, the world's third-biggest oil importer, shipped in a record 4.46 million barrels per day (bpd) oil in the fiscal year that ended in March to feed its expanded refining capacity. During the period, Indian refiners received about 458,000 bpd of oil from Iran, compared to about 543,500 bpd during the prior year period, the data showed. READ MORE

First Published: Fri, April 20 2018. 15:30 IST
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MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Markets ended flat on Friday with losses in financials and metals overshadowing gains in information technology stock

(with Reuters inputs)

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