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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

SI Reporter  |  New Delhi 

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The benchmark ended flat on Wednesday.

The S&P ended at 36,858, up 33 points. The index  hit a fresh record intra-day of 36,947.18 earlier today. The broader Nifty50 index settled at 11,132, down 2 points. It touched an intra-day high of 11,157.15.


Among sectoral indices, the PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

RUPEE

The rupee recovered from its initial sluggishness to trade higher by 8 paise to 68.86 against the US dollar in late morning deals, following bouts of dollar selling from banks and exporters.

MARKETS

Asian rose modestly on Wednesday, supported by upbeat Wall Street and hopes China's government spending would boost growth but trade tensions remained in focus ahead of a meeting between the US and European Commission presidents.

MSCI's broadest index of Asia-Pacific outside Japan gained 0.2 per cent. The Shanghai Composite Index was little changed after brushing a one-month high. Hong Kong's Hang Seng climbed 0.8 per cent. South Korea's KOSPI lost 0.4 per cent and Japan's Nikkei rose 0.4 per cent.

OIL PRICES

edged higher for a second day on Wednesday after data showed US crude inventories fell more than expected last week, easing worries about oversupply that have dragged on in recent sessions.

Brent crude was up 57 cents (0.8 per cent) at $74.01 a barrel. The benchmark settled 38 cents higher on Tuesday. US West Texas Intermediate rose 27 cents (0.4 per cent) to $68.79, having risen nearly 1 per cent in the previous session.

(with Reuters inputs)

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Nifty PSU Bank ends 1.38% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) CANARA BANK 258.95 252.80 6.15 2.43 INDIAN BANK 331.90 325.05 6.85 2.11 ST BK OF INDIA 271.85 266.85 5.00 1.87 UNION BANK (I) 81.85 81.25 0.60 0.74 BANK OF INDIA 88.00 87.85 0.15 0.17

MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

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First Published: Wed, July 25 2018. 08:15 IST
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MARKET WRAP: Indices end flat ahead of July F&O expiry; SBI up over 1%

Among sectoral indices, the Nifty PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

The benchmark ended flat on Wednesday.

The S&P ended at 36,858, up 33 points. The index  hit a fresh record intra-day of 36,947.18 earlier today. The broader Nifty50 index settled at 11,132, down 2 points. It touched an intra-day high of 11,157.15.

Among sectoral indices, the PSU Bank index ended 1% higher led by a rise in Canara Bank, Indian Bank and State Bank of India.

RUPEE

The rupee recovered from its initial sluggishness to trade higher by 8 paise to 68.86 against the US dollar in late morning deals, following bouts of dollar selling from banks and exporters.

MARKETS

Asian rose modestly on Wednesday, supported by upbeat Wall Street and hopes China's government spending would boost growth but trade tensions remained in focus ahead of a meeting between the US and European Commission presidents.

MSCI's broadest index of Asia-Pacific outside Japan gained 0.2 per cent. The Shanghai Composite Index was little changed after brushing a one-month high. Hong Kong's Hang Seng climbed 0.8 per cent. South Korea's KOSPI lost 0.4 per cent and Japan's Nikkei rose 0.4 per cent.

OIL PRICES

edged higher for a second day on Wednesday after data showed US crude inventories fell more than expected last week, easing worries about oversupply that have dragged on in recent sessions.

Brent crude was up 57 cents (0.8 per cent) at $74.01 a barrel. The benchmark settled 38 cents higher on Tuesday. US West Texas Intermediate rose 27 cents (0.4 per cent) to $68.79, having risen nearly 1 per cent in the previous session.

(with Reuters inputs)

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