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Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

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SI Reporter  |  New Delhi 

Benchmark indice pared losses after  sliding more than 3% in intra-day trade a global market rout whacked sentiment, adding to existing investor concerns ahead of Reserve Bank of India (RBI) meeting this week to review key rates. The broader Nifty50 and the benchmark S&P BSE Sensex each fell as much as 3.7% in on Tuesday, the sixth consecutive session of falls, with both erasing their gains for the year. The S&P BSE Sensex ended at 34,195 levels, down 561 points while the broader Nifty50 index settled at 10,498, down 168 points. The fall in the Indian ...

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Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Top sectoral loser: Nifty IT

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Sectoral Trend

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Sensex heatmap

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Markets at close Benchmark indices pared some losses after sliding more than 3% and the rupee weakened as a global market rout whacked sentiment, adding to existing investor concerns ahead of a central bank meeting this week and a new capital gains tax later in the year.   The S&P BSE Sensex ended at 34,195, down 561 points while the broader Nifty50 index settled at 10,498, down 168 points.

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

RBI in a fix, market eyes rate hike amid confidence crisis The Reserve Bank of India’s job as the government’s debt manager just got harder after the federal budget unveiled a near-record $95 billion borrowing plan in the coming fiscal year. Governor Urjit Patel needs to keep interest rates low to ensure Prime Minister Narendra Modi can bridge a widening fiscal deficit. But he also needs to bring down an inflation rate that breached the 4 per cent midpoint of the target band late last year, and which is expected to climb as the government increases spending before a general election next year. READ MORE

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

RBI to turn hawkish, keep rates on hold through middle of 2019: Poll   The Reserve Bank of India will keep interest rates on hold through at least the middle of 2019 even though inflation is above its medium-term target and is expected to stay that way, a Reuters poll found.     A majority of economists also expect the central bank's tone to turn hawkish when it announces its latest policy decision on Wednesday.    In the poll of 60 economists, taken after the Budget announcement, 58 said the RBI would keep key rates unchanged - the repo at 6.00 per cent and the reverse repo at 5.75 per cent - when it meets on Wednesday. The other two forecast an increase. READ MORE

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Nifty could fall to 9,500 levels; not a good time to bottom fish: Experts Despite the three per cent sell-off in the frontline Indian benchmarks on Tuesday, the S&P BSE Sensex and the Nifty50, market pundits expect more downside for domestic equities in the days to come. Since the market rout has been triggered by global factors, mainly rising bond yields in the US, they expect the bearish tone to continue for a few more sessions before the Indian markets stabilise. In a worst-case scenario, the Nifty50 can slip to 9,500 levels, they say. READ MORE

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Sensex heatmap

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Smallcap index plunges 16% from record high level; 26 stocks slip over 30%   The S&P BSE Smallcap index plunged nearly 5% to 16,945 in early morning trade on Tuesday, falling 16% from its record high level of 20,183 touched on January 15, 2018 in intra-day trade.   Total 124 stocks have fallen more than 25% from their respective all-time highs touched in January 2018. Of these 26 stocks slipped an over 30%, the list include Fineotex Chemicals, Philips Carbon Black, NACL Industries, BLS International, VIP Clothing, TPL Plastech and PC Jeweller.  READ MORE

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Markets check Index Current Pt. Change % Change   S&P BSE SENSEX 34,463.01 -294.15 -0.85   S&P BSE SENSEX 50 11,022.84 -108.41 -0.97   S&P BSE SENSEX Next 50 34,056.03 -390.45 -1.13   S&P BSE 100 10,926.08 -110.33 -1.00   S&P BSE Bharat 22 Index 3,709.98 -26.15 -0.70 (Source: BSE)

Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

Government will look into local market slump - Finance Secretary The government will look into what it can do after a slump in local market reflecting global sell off, the finance secretary said on Tuesday.   Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley. READ MORE

First Published: Tue, February 06 2018. 15:30 IST
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Markets pare losses: Sensex ends 561 pts lower, Nifty fails to hold 10,500

All that happened in the markets today

Benchmark indice pared losses after  sliding more than 3% in intra-day trade a global market rout whacked sentiment, adding to existing investor concerns ahead of Reserve Bank of India (RBI) meeting this week to review key rates. The broader Nifty50 and the benchmark S&P BSE Sensex each fell as much as 3.7% in on Tuesday, the sixth consecutive session of falls, with both erasing their gains for the year. The S&P BSE Sensex ended at 34,195 levels, down 561 points while the broader Nifty50 index settled at 10,498, down 168 points. The fall in the Indian ...

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