Sensex ends flat, Nifty settles below 10,150 ahead of Fed outcome
All that happened in Wednesday's trade
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Source: NSE
The benchmark indices settled the day flat on Wednesday as investors remained on the sidelines ahead of the outcome of US Federal Reserve's policy meeting, which will conclude later in the day.
Back home, telecom stocks hogged limelight after the Telecom Regulatory Authority of India (TRAI) cut termination charge for all mobile to mobile calls to 6 paise per minute from 14 paise effective October 1. Bharti Airtel ended flat, while Idea Cellular dipped over 3% at close. Reliance Industries, meanwhile, hit a record high as a cut in mobile interconnect fee is seen benefiting the company’s telecom unit Reliance Jio.
Overseas, European shares were trading lower after a slight rise on Asian bourses was enough to push MSCI’s World index, which tracks stocks in 46 countries, fractionally higher to a new record.
3:50 PM
Anand James, Chief Market Strategist, Geojit Financial Services
Domestic indices traded flat for the second consecutive day ahead of the FOMC rate decision scheduled later today. FII's passive trading approach with capital inflow limited to primary market and debt also might have weighed down the momentum of the indices near the record high levels. Investors could now be eying GST rate revisions and updates on GST implementation in the petroleum products to take the next crucial step.
3:50 PM
Sectoral trend at close
Source: NSE
3:43 PM
Top gainers and losers on Sensex
Source: BSE
3:40 PM
Market breadth
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,358 shares declined and 1,215 shares rose. A total of 160 shares were unchanged.
3:38 PM
Broader markets
The BSE Smallcap index pared gains to end 0.1% lower, while the BSE Midcap index closed flat.
3:37 PM
Markets end little changed
The Sensex settled at 32,400, down 2 points, while the Nifty closed at 10,141, down 6 points.
3:25 PM
IUC cut to dent margins of Bharti and Idea
The move, analysts believe, will negatively impact margins of the incumbent telecom companies- Bharti Airtel and Idea Cellular. Reliance Jio, on the other hand, will stand to gain. They also believe that the ultimate beneficiary of the move will be the consumer that could end up paying less for voice calls. Since the usage is moving more towards data, with interconnect charges seeing a steep cut and sharp growth in data uptake, incumbents will introduce more (data and voice) bundled plans going ahead. READ FULL STORY
3:19 PM
Jaitley briefs media after Cabinet meeting
JUST IN: Govt to transfer ITDC hotels in Jaipur, Mysore, Itanagar to states
3:16 PM
Jaitley briefs media after Cabinet meeting
JUST IN: Cabinet okays transfer of 3 more ITDC hotels to states
3:12 PM
European markets
European stocks hovered in cautious trade on Wednesday ahead of a policy decision by the US Federal Reserve, with rate-sensitive banking shares edging lower. The pan-European STOXX 600 was flat in percentage terms, helped by buoyant energy stocks and gains among the more defensive health care sector, while euro zone blue chips retreated 0.1%. Britain's FTSE was listtle changed, while France' CAC 40 was trading marginally higher.
European stocks hovered in cautious trade on Wednesday ahead of a policy decision by the US Federal Reserve, with rate-sensitive banking shares edging lower. The pan-European STOXX 600 was flat in percentage terms, helped by buoyant energy stocks and gains among the more defensive health care sector, while euro zone blue chips retreated 0.1%. Britain's FTSE was listtle changed, while France' CAC 40 was trading marginally higher.
3:04 PM
Buzzing stock
SMS Lifesciences is locked in upper circuit for the 24th straight session, up 5% at Rs 475 on BSE, with only buyers seeing on the counter. READ MORE
2:58 PM
Sebi revokes ban on 114 entities
Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock market platform for tax evasion, saying it did not find any adverse evidence against them. READ FULL REPORT
2:41 PM
Bharti Airtel recovers after initial fall
Bharti Airtel recouped losses in noon deals to trade at Rs 395 levels after falling nearly 6% to Rs 370 on the Bombay Stock Exchange (BSE). Idea Cellular, on the other hand, continued to trade over 2% lower at Rs 81 levels. READ FULL REPORT
2:23 PM
Nifty PSU Bank leading sectoral gainer in noon deals
Source: NSE
2:07 PM
Broader markets
The BSE Smallcap index outperformed to add 0.2%, while the BSE Midcap index was little changed.
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First Published: Sep 20 2017 | 3:35 PM IST