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Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

All that happened in the markets today.

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SI Reporter  |  New Delhi 

The domestic indices ended largely flat on Thursday following the expiry of derivative contracts for February series. The S&P BSE Sensex ended at 33,819, down 25 points while the broader Nifty50 index settled at 10,383, down 15 points. In the global markets, most Asian stocks fell on Thursday, bond yields hit a fresh four-year high and the dollar stood near a one-week high against a basket of major currencies after the minutes from the Federal Reserve's January meeting showed the central bank plans to raise interest rates three times in 2018. Japanese shares fell ...

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Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

MARKET COMMENT: Jayant Manglik, President, Religare Broking   Derivatives expiry turned out to be a non-event as Nifty ended flat after trading volatile in a narrow range. Mostly sectoral indices closed unchanged following benchmark index while correction continued on broader front.   The way things have panned out, on both domestic and global front, in the passing weeks, we do not see any chance of overnight reversal. However, possibility of technical bounce can't be ruled out, citing oversold positions. Above all, sentiment is still bearish and traders can't do without short positions.   We advise using rebound for fresh shorts while maintaining caution in stock selection. PSU banks and pharma look weak to us while IT and FMCG is showing tremendous resilience so plan accordingly

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

PSU Banks slip further PSU banks continued to lose ground on Thursday. Indian Bank, Union Bank of India, Oriental Bank of Commerce (OBC) and Bank of Baroda slipped between 1.7% - 2.6%. PNB, however, was the top loser in this space that skidded around 2.8%

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

Sectoral Trend

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

Sensex top losers and gainers

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

Market at close   The S&P BSE Sensex ended at 33,819, down 25 points while the broader Nifty50 index settled at 10,383, down 15 points.

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

News Watch Liberty House to approach NCLT on Bhushan Power bid rejection by creditors   Sanjeev Gupta-led Liberty House will be approaching the National Company Law Tribunal (NCLT) in connection with its bid rejection by creditors to acquire debt-laden Bhusan Power & Steel. "We will go to the NCLT and ask them to direct RP (resolution professional) and CoC (Committee of Creditors) to open our bid," Liberty said in its statement on Thursday. READ MORE

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

IDBI Bank hits 9-month high; up 21% in four days IDBI Bank has moved higher to its nine-month high of Rs 74.60, up 6% on the BSE, extending its past over 10% surge in otherwise weak market. The stock of state-owned lender is trading at its highest level since May 18, 2017. READ MORE

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

RInfra bags Rs 36.4 billion contract for thermal power plant in Tamil Nadu Reliance Infrastructure (RInfra) today said it has won a Rs 36.4 billion contract from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for work related to Uppur Thermal power project. READ MORE

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

Market Check S&P BSE Sensex 33,730.77 -0.34%   Nifty 50 10,358.10 -0.38%   S&P BSE 200 4,527.94 -0.37%   Nifty 500 9,131.95 -0.39%   S&P BSE Mid-Cap 16,354.69 -0.35%   S&P BSE Small-Cap 17,750.76 -0.28%

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

Sebi to auction 11 assets of Pancard at a total reserve price of Rs 2.6 bn Looking to recover over Rs 70 billion of investors' money, markets regulator Sebi will next month auction 11 properties of Pancard Clubs and its late CMD at a total reserve price of Rs 2.6 billion.   This is in addition to 22 properties that were auctioned between December and February with combined reserve price of Rs 5.52 billion. READ MORE

Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

NSE drops plans to sell 'loss-making' Power Exchange India Limited The National Stock Exchange (NSE) has decided to call off the sale of its power trading platform Power Exchange India Limited (PXIL). The move comes within months of NSE finding a consortium of buyers who were ready to pick up a stake of NSE at a nominal rate. CLICK HERE FOR FULL STORY

First Published: Thu, February 22 2018. 15:30 IST
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Indices end flat on F&O expiry; Sensex down 25 pts, Nifty below 10,400

All that happened in the markets today.

The domestic indices ended largely flat on Thursday following the expiry of derivative contracts for February series. The S&P BSE Sensex ended at 33,819, down 25 points while the broader Nifty50 index settled at 10,383, down 15 points. In the global markets, most Asian stocks fell on Thursday, bond yields hit a fresh four-year high and the dollar stood near a one-week high against a basket of major currencies after the minutes from the Federal Reserve's January meeting showed the central bank plans to raise interest rates three times in 2018. Japanese shares fell ...

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