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Nifty ends March F&O expiry at 10,113, up a little over 10% in FY18

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SI Reporter  |  New Delhi 

MARKET COMMENT Madan Sabnavis, chief economist at CARE Ratings The Indian economy has displayed varying signs this year and while the general direction is towards a possible recovery in 2018-19, the issue of overhang of NPA resolution would be a fundamental factor affecting future growth as investment would require finance which will emanate mainly from banks. The focus next year will be on ensuring that the process of solution is on the right track. Nifty Metal index declines 2.09%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME JINDAL STEEL 219.10 229.75 -10.65 -4.64 9495220 S A I L 70.20 73.20 -3.00 -4.10 10421653 JSW STEEL 288.15 298.85 -10.70 -3.58 5121150 TATA STEEL 571.05 590.00 -18.95 -3.21 18642014 VEDANTA 277.85 287.00 -9.15 -3.19 14697397 Nifty PSU Bank index ends 2.13% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME IDBI BANK 72.20 76.25 -4.05 -5.31 43260112 PUNJAB NATL.BANK 95.30 99.45 -4.15 -4.17 30081563 ORIENTAL BANK 91.60 94.45 -2.85 -3.02 4417827 SYNDICATE BANK 55.45 56.85 -1.40 -2.46 4885414 INDIAN BANK 299.80 306.70 -6.90 -2.25 1198361 Sectoral Trend BSE Sensex gainers and losers of the day Market at close   The S&P BSE Sensex ended at 32,968, down 206 points while the broader Nifty50 index settled at 10,113, down 71 points.

Benchmark indices slipped on Wednesday, as investors booked profit on the last trading day for financial year 2017-18 (FY18) that co-incided with the expiry of F&O contracts for the March 2018 series. That apart, weak global cues also weighed on the overall sentiment.  The S&P BSE Sensex ended at 32,968, down 206 points while the broader Nifty50 index settled at 10,113, down 71 points. The indices posted a monthly loss of about 3.5 per cent, their steepest drop for the month of March since 2015. For FY18, the Nifty50 index gained around 10%. "We expect the ...

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First Published: Wed, March 28 2018. 15:31 IST
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Nifty ends March F&O expiry at 10,113, up a little over 10% in FY18

All that happened in the market today

Benchmark indices slipped on Wednesday, as investors booked profit on the last trading day for financial year 2017-18 (FY18) that co-incided with the expiry of F&O contracts for the March 2018 series. That apart, weak global cues also weighed on the overall sentiment.  The S&P BSE Sensex ended at 32,968, down 206 points while the broader Nifty50 index settled at 10,113, down 71 points. The indices posted a monthly loss of about 3.5 per cent, their steepest drop for the month of March since 2015. For FY18, the Nifty50 index gained around 10%. "We expect the ...

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