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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All that happened in today's trade

SI Reporter  |  New Delhi 

The benchmark indices took a breather on Tuesday as the possibility of the Reserve Bank of India (RBI) cutting interest rates next month was further dampened after key inflation indicators inched up in October.  The consumers price index (CPI)-based inflation came in at 3.58% for October, its seven-month high, while wholesale price index (WPI)-based inflation stood at 3.59%, its six-month high.  "Given higher oil prices, likely above-4 per cent inflation in coming quarters and risks of a fiscal slippage, we expect the RBI to stay on hold through 2018, ...

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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All but two sectors ended in red  Source: NSE

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Broader markets  Broader markets mirrored the gains in the frontile indices with the BSE Midcap and the BSE Smallcap indices losing 0.2% each. 

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Sensex heatmap at close  Source: BSE

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Markets at close The S&P BSE Sensex ended at 32,941, down 91 points, while the broader Nifty50 closed at 10,186, down 38 points.

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Buzzing stocks Vakrangee, Balkrishna Industries, VIP Industries, Graphite India, HEG, Minda Industries, Sterling Tools and Gulf Oil Lubricants were among 15 stocks from the S&P BSE500 and S&P BSE Smallcap index that hit their respective new highs on the BSE in intra-day trade. READ MORE

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

European markets Encouraging earnings from telecoms companies put European shares on the front foot on Tuesday, helping them recover from a seven-week low hit in the previous session.   The pan-European STOXX 600 was up 0.2 per cent, also helped by gains in British retailer Tesco after the UK regulator approved its $4.9 billion takeover of wholesaler Booker.

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Centrum Broking on SBI    We retain Buy on State Bank of India (SBIN) with SOTP-based TP revised upwards to Rs370. Q2FY18 results were on lower side to our estimates on revenue / profitability front. We however draw comfort in a) lower than expected slippages (2.4% in Q2’18 vs 6.7% in Q1’18) and b) ~430bps QoQ rise in PCR to 65.1%. Merged entity is on a strong footing with healthy CAR (13.9%); watchlist portfolio at 1.2% of loans (vs 1.4% QoQ) and well contained asset quality. Valuations remain attractive. Continue to prefer SBIN in the PSU space.

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Kalpataru Power advances after good Q2 result   Kalpataru Power Transmission rose 3.65% to Rs 392 on BSE after net profit rose 23.66% to Rs 71.49 crore on 9.45% rise in total income to Rs 1237.52 crore in Q2 September 2017 over Q2 September 2016.  

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Markets turn flat At 2:40 pm, the S&P BSE Sensex was trading at 33,044, up 11 points, while the broader Nifty50 was ruling at 10,218, down 6 points.

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Experts see RBI keeping rates unchanged in December   Stronger food and fuel inflation pushed up headline CPI inflation to a seven-month high in October and accordingly, the Reserve Bank is expected to stay on hold in its upcoming policy review meet next month, a majority of experts believe. READ FULL REPORT

Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

Sectoral trend in noon deals Source: NSE

First Published: Tue, November 14 2017. 15:33 IST
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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All that happened in today's trade

The benchmark indices took a breather on Tuesday as the possibility of the Reserve Bank of India (RBI) cutting interest rates next month was further dampened after key inflation indicators inched up in October.  The consumers price index (CPI)-based inflation came in at 3.58% for October, its seven-month high, while wholesale price index (WPI)-based inflation stood at 3.59%, its six-month high.  "Given higher oil prices, likely above-4 per cent inflation in coming quarters and risks of a fiscal slippage, we expect the RBI to stay on hold through 2018, ...

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