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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

SI Reporter  |  New Delhi 

Benchmark indices ended flat Wednesday  after a choppy session dragged by losses in the metal and IT indices. The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening. The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising ...

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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services    "The sustained stretch of upsides prevailing all through April has begun to weigh on investors, and PSU and metal saw profit booking, especially with global markets seen shaky ahead of FOMC rate deicison. FII’s continued selling since mid April has emerged as a point of contention but positive factory growth numbers, strong auto sales, upbeat GST revenue collection will seek to extend the ongoing momentum aided by positive earnings season."  

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Top draggers from Nifty IT pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME HCL TECHNOLOGIES 1005.35 1052.75 -47.40 -4.50 7506238 MINDTREE 1057.00 1084.60 -27.60 -2.54 1793235 ORACLE FIN.SERV. 4207.65 4310.10 -102.45 -2.38 26798 KPIT TECH. 253.15 258.60 -5.45 -2.11 1188805 TATA ELXSI 1216.70 1237.80 -21.10 -1.70 548914

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Nifty Metal index falls over 3%: Top losers in the pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME S A I L 72.95 77.65 -4.70 -6.05 14022263 JINDAL STEEL 237.80 252.10 -14.30 -5.67 6073671 HIND.ZINC 308.55 326.85 -18.30 -5.60 3606390 VEDANTA 283.45 298.40 -14.95 -5.01 12024307 MOIL 197.30 205.25 -7.95 -3.87 538682

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Sectoral Trend

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Top Sensex gainers and losers

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Markets at Close The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Gold falls on global cues, slack demand Gold prices drifted lower by Rs 70 to Rs 32,130 per 10 grams at the bullion market today, driven by a weak trend overseas amid easing demand from local jewellers. Silver also fell by Rs 250 to Rs 40,250 per kg due to reduced offtake by industrial units and coin makers. READ MORE

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Buyback proposal fails to lift PC Jeweller; stock tanks 23% from day's high   Shares of PC Jeweller have dipped 18% to Rs 119 per share falling 23% from its intra-day high on the BSE, despite the company announcing a share buyback proposal. The stock was up 6% to Rs 154 in early morning trade.   PC Jeweller on Sunday, April 29, said that the board of directors of the company will meet on Friday, May 5, 2018 to consider the proposal for buy back of fully paid-up equity shares of the company.   The board will also consider the audited standalone and consolidated financial results of the company for the quarter/financial year ended March 31, 2018 and recommendation of dividend, if any. READ MORE

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Analysts see Rs 140-billion L&T-Schneider deal in positive light   Larsen & Toubro’s (L&T) definitive agreement with Schneider to sell its electrical and automation (E&A) business in an all-cash deal for Rs 140 billion (slightly more than $2 billion) is on expected lines of analysts. Santosh Yellappu, analyst at India Nivesh, says, the deal valuations are fair and the company is pursuing its objective of becoming asset-light.   Earlier Credit Suisse, too, had anticipated the electrical business’ value at ₹140-160 billion. READ MORE

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Nifty Metal index falls over 3%, top losers in the pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME S A I L 73.45 77.65 -4.20 -5.41 10672711 HIND.ZINC 311.00 326.85 -15.85 -4.85 2588117 VEDANTA 284.45 298.40 -13.95 -4.67 9347162 JINDAL STEEL 242.10 252.10 -10.00 -3.97 4225737 MOIL 198.20 205.25 -7.05 -3.43 459200

MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Kotak Mahindra Bank, Dabur India, Indiabulls Ventures hit new highs Kotak Mahindra Bank, Dabur India, Indiabulls Venture, Jubilant FoodWorks, Nestle India, Pidilite Industries and Exide Industries were among 23 stocks from the S&P BSE500 index hitting new highs on the BSE on Wednesday.   Britannia Industries, Cyient, Escorts, Hexaware Technologies, KPIT Technologies, Mahindra & Mahindra (M&M), M&M Financial Services, Mindtree and Tata Chemicals too hit all-time highs in intra-day trade today. READ MORE

First Published: Wed, May 02 2018. 15:31 IST
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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

Benchmark indices ended flat Wednesday after a choppy session dragged by losses in the metal and IT indices.

Benchmark indices ended flat Wednesday  after a choppy session dragged by losses in the metal and IT indices. The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening. The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising ...

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