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Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

All that happened in the markets today.

SI Reporter  |  New Delhi 

The domestic indices ended largely flat on Friday taking cues from their Asian counterparts. Among sectoral indices, the Nifty PSU Bank index ended 1.81% lower led by a fall in the shares of Canara Bank, IDBI Bank and Oriental Bank of Commerce. The Nifty Metal index  too ended 1.81% down due to a fall in shares of Steel Authority of India Limited, Jindal Steel & Power and Tata Steel. The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country's biggest ever banking fraud of Rs 127 billion allegedly ...

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Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Nifty Metal index too slips over 1.5%

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Nifty PSU Bank index slips over 1.5%

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Sectoral trend

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Sensex Heatmap

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Markets at Close The S&P BSE Sensex ended at 33,307, down 44 points while the broader Nifty50 index settled at 10.227, down 16 points 

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Steel stocks under pressure; Tata Steel, JSPL, SAIL down 4%   Shares of steel companies were under pressure with Tata Steel, Jindal Steel & Power (JSPL) and Steel Authority of India (SAIL) down more than 4% on the National Stock Exchange (NSE) after US President Donald Trump imposed tariffs of 10% and 25% on imports of steel and aluminium respectively on March 8th.   Meanwhile, Tata Steel slipped nearly six-month low at Rs 607, down 4% on the BSE in intra-day trade, extending its past two days 4% decline after the company on Wednesday said that it has emerged as the top bidder for debt-laden Bhushan Steel.

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Gold stays weak on global cues, tepid demand Gold prices fell by Rs 100 to Rs 31,350 per 10 grams at the bullion market today in tandem with a weakening global trend amid sluggish demand from local jewellers.   Silver also drifted down by Rs 115 to Rs 39,385 per kg due to reduced offtake by industrial units and coin makers. READ MORE

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Oil edges up as US President Trump set to meet North Korea's Kim Crude oil futures rose on Friday as Asian stock markets gained on news that North Korean leader Kim Jong Un will meet with US President Donald Trump. READ MORE

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

Plug loopholes in alternative investment funds regulations: RBI to Sebi   The Reserve Bank of India (RBI) wrote to the Securities and Exchange Board of India (Sebi) to plug loopholes in alternative investment funds (AIFs) regulations that are being exploited by the funds to give corporate loans. According to sources, the banking regulator is concerned about the risks posed by such practices and fears the route could also be used for money laundering.   It is worthwhile to note that all the lending businesses in India are regulated by the RBI. READ MORE

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

National Stock Exchange 'hopeful' of going public in FY19   India's National Stock Exchange said on Thursday it was hopeful of going public in the next financial year beginning April and that it was committed to expeditiously resolving regulatory issues that have delayed its initial public offering.   NSE, as the bourse is known, had originally planned to go public in 2017 but it has been delayed due to an investigation by the market regulator Securities and Exchange Board of India (Sebi) on whether the exchange's employees had provided unfair trading access to select brokers. READ MORE

Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

China, Japan, South Korea hit out at Trump's steel, aluminium tariffs   Major Asian nations reacted sharply to US President Donald Trump's decision to impose tariffs on steel and aluminium imports on Friday, warning of damage to relations amid industry calls for retaliation. Japan said the move would have a "big impact" on the countries' close bilateral ties, while China said it was "resolutely opposed" to the decision and South Korea said it may file a complaint to the World Trade Organization. READ MORE

First Published: Fri, March 09 2018. 15:30 IST
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Indices end flat, Nifty settles at 10,227 levels; PSU banks, metals lose

All that happened in the markets today.

The domestic indices ended largely flat on Friday taking cues from their Asian counterparts. Among sectoral indices, the Nifty PSU Bank index ended 1.81% lower led by a fall in the shares of Canara Bank, IDBI Bank and Oriental Bank of Commerce. The Nifty Metal index  too ended 1.81% down due to a fall in shares of Steel Authority of India Limited, Jindal Steel & Power and Tata Steel. The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country's biggest ever banking fraud of Rs 127 billion allegedly ...

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