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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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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 Nifty sectoral gainers and losers of the day BSE Sensex: SBI, Tata Steel, Vedanta among top gainers Market at close   The S&P BSE Sensex ended at 36,858, up 33 points while the broader Nifty50 index settled at 11,132, down 2 points. Info Edge (India) rallies 10% post Q1 results; stock hits new high Info Edge (India) has moved higher to its record high of Rs 1,492, rising 10% and extending its 8% rally on the BSE in the past two days, after the company reported a standalone net profit of Rs 630 million in June quarter (Q1FY19). The profit included Rs 160 million relating to the diminution in the carrying value of Canvera. The company posted profit of Rs 642 million in year ago quarter. READ MORE INDEX WATCH INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 36889.88 36825.10 64.78 0.18 BSE 500 15013.35 14994.47 18.88 0.13 BSE MID-CAP 15663.27 15664.48 -1.21 -0.01 BSE SMALL-CAP 16268.65 16218.54 50.11 0.31 S&P BSE LARGECAP 4319.25 4313.92 5.33 0.12 > More on BSE Indices

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)

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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