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MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

All that happened in the markets on Wednesday

SI Reporter  |  New Delhi 

Indian shares came off one-month highs to end flat on Wednesday, after a choppy session dragged by financials and oil marketing companies (OMCs). Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices. Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at $71.34 a barrel. Investors await March retail inflation data due on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but ...

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MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Nifty Metal rises 1.59%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VEDANTA 296.80 284.10 12.70 4.47 NATL. ALUMINIUM 75.00 72.35 2.65 3.66 JINDAL STAIN .HI 177.70 172.15 5.55 3.22 HIND.COPPER 74.30 72.80 1.50 2.06 HINDALCO INDS. 234.20 230.00 4.20 1.83

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

BSE Oil and Gas index slips 2.23%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) H P C L 337.15 364.75 -27.60 -7.57 B P C L 417.50 450.95 -33.45 -7.42 I O C L 167.80 179.30 -11.50 -6.41 GAIL (INDIA) 326.75 331.95 -5.20 -1.57 CASTROL INDIA 206.50 208.00 -1.50 -0.72

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

BSE Sensex: Top gainers and losers

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Market at close   The S&P BSE Sensex ended at 33,940, up 60 points while the broader Nifty50 index settled at 10,417, up 15 points.

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Dolly Khanna buys stake in Associates Alcohols in Q4; stock surges 12% Associated Alcohols & Breweries hit a new high of Rs 340, up 12% on the BSE, after the breweries & distilleries company said that Chennai-based value investor Dolly Khanna bought stake in the company during March quarter. Dolly Khanna’s has purchased 187,279 equity shares representing 1.04% stake in Associated Alcohols & Breweries in January-March 2018 quarter, according to latest shareholding pattern filed by the company with the stock exchanges. READ MORE

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

IRB Infra hits over 7-year high; stock surges 10% IRB Infrastructure Developers hit an over seven-year high of Rs 281, up 10% on the BSE, recorded its sharpest single day gain since September 28, 2017, on back of heavy volumes. The stock of roads & highways company is trading at its highest level since August 24, 2010, when it touched a record high of Rs 313 during intra-day trade. READ MORE

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Stocks at 52-week high COMPANY LATEST 52 WK HIGH PREV HIGH PREV DATE VOLUME AARTI INDS. 1214.00 1222.20 1212.00 14-MAR-2018 5623 ASTRAL POLY 951.10 967.20 949.00 01-MAR-2018 5303 AVENUE SUPER. 1478.00 1515.00 1494.80 10-APR-2018 124427 BALKRISHNA INDS 1287.15 1314.15 1296.45 10-APR-2018 40336 DILIP BUILDCON 1188.50 1217.00 1209.15 09-APR-2018 67785

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Rising oil prices, political developments to keep OMC stocks under check   Oil marketing companies (OMCs) -- Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) – lost up to 8% in trade on Wednesday after reports suggested that the government has asked these OMCs to absorb Rs 1 per litre oil price hike.   OMC stocks, analysts say, could remain under pressure for the next few months giving the outlook for crude oil prices, and especially ahead of the assembly elections scheduled all through calendar year 2018 (CY18) and the general election scheduled for May 2019. Given this backdrop, the government may not be willing to hike retail fuel prices given that oil is a politically sensitive subject. READ MORE

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Singapore Exchange to list Indian equity derivative products in June 2018   The Singapore Exchange on Wednesday said it would list Indian equity derivative products in June, nearly two months after India’s three main bourses announced they would stop licensing their indexes to overseas exchanges.   The announcement comes after the Singapore bourse said it would launch successor products to its flagship Indian equity index derivatives before the bourse’s license agreement with the National Stock Exchange of India expires in August 2018. READ MORE

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Hindustan Unilever hits new high;enters top-5 club of most valued companies Hindustan Unilever (HUL), the fast moving consumer goods company (FMCG), entered into the list of the top-5 most valuable companies by market capitalisation (m-cap) as the stock price of the company hit a new high on Wednesday. With an m-cap of Rs 3.06 trillion, HUL now features at fifth position in the list by replacing India’s largest mortgage financier, Housing Development Finance Corporation (HDFC) in this prestigious club. HDFC reported m-cap of Rs 3.03 trillion at 01:20 pm. HUL is now 6% away to surpass FMCG gait ITC, which have m-cap of Rs 3.24 trillion, the BSE data shows. READ MORE

MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

Market Check   S&P BSE Sensex 33,944.40 0.19%   Nifty 50 10,411.45 0.09%   S&P BSE 200 4,579.36 0.06%   Nifty 500 9,226.80 0.08%   S&P BSE Mid-Cap 16,627.51 -0.15%   S&P BSE Small-Cap 17,978.75 0.17%

First Published: Wed, April 11 2018. 15:32 IST
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MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall

All that happened in the markets on Wednesday

Indian shares came off one-month highs to end flat on Wednesday, after a choppy session dragged by financials and oil marketing companies (OMCs). Sentiment was also subdued on concerns that inflation worries could resurface on the back of rising crude oil prices. Brent crude futures surged more than 3 percent on Tuesday to their highest since late 2014, at $71.34 a barrel. Investors await March retail inflation data due on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but ...

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