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Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

All that happened in Wednesday's session

SI Reporter  |  New Delhi 

The benchmark indices pared all intraday gains to settle lower on Wednesday with the Nifty50 slipping below its crucial 10,500 following news reports that the government may announce additional borrowing after the mop-up under the goods and services tax (GST) in November fell to just above Rs 80,000 crore.  The S&P BSE Sensex and the Nifty50 had hit their respective record highs in the early trade.   “The collection under the GST for November has been Rs 80,808 crore till December 25, 2017,” the government said in a release on Tuesday.  The ...

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Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Anand James, Chief Market Strategist, Geojit Financial Services    Markets remained buoyant for most part of the day, but were in no mood to push much higher ahead of F&O expiry. Rising oil and tensions in the Korean peninsula are back to dominating global cues, while potential for long term capital gains being taxed are also viewed with caution. While SEBI's new framework to ease norms for FII investment may enthuse the investors in the new year, uncertainties over the H1B visa regime could stir up the momentum in IT stocks. 

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Sensex heatmap at close Source: BSE

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Markets at close   The S&P BSE Sensex settled at 33,911, down 99 points, while the broader Nifty50 ended at 10,490, down 41 points.   S&P BSE Sensex 33,873.79 -0.40%   Nifty 50 10,486.25 -0.43%   S&P BSE 200 4,651.94 -0.39%   Nifty 500 9,434.20 -0.38%   S&P BSE Mid-Cap 17,658.42 -0.27%   S&P BSE Small-Cap 19,041.57 -0.37%

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

L&T's construction arm wins orders worth Rs 1,125 cr   Larsen & Toubro (L&T) on Tuesday said its construction arm has won orders worth Rs 1,125 crore across business segments. READ MORE

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Buzzing stock   McNally Bharat rallied as much as 5% to Rs 62.80 after the Kolkata-based construction and engineering firm  received an order for construction of 60 TPH Green Anode Plant from Vedanta Limited for a value of Rs 133.50 crore. 

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Sensex trades below 34,000 Source: BSE

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Markets pare gains; at day's low S&P BSE Sensex 33,876.93 -0.39%   Nifty 50 10,481.65 -0.47%   S&P BSE 200 4,648.60 -0.47%   Nifty 500 9,424.50 -0.48%   S&P BSE Mid-Cap 17,623.92 -0.47%   S&P BSE Small-Cap 18,984.05 -0.67% Source: Smartinvestor

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

How automation, Infosys spat disrupted India's IT sector   The resilient Indian IT industry, which has been going through challenging times on multiple fronts, faced disruption in 2017 from increasing automation and the boardroom spat in software major Infosys spilling into the public domain.   Though the $150-billion (almost Rs 10 trillion) software sector reconciled to single-digit export growth of 7-8 per cent for the 2017-18 fiscal, demand for more automation and using Artificial Intelligence (AI) in the services had put the vendors under pressure to hone the skills of their techies in the thousands and invest in new technologies to deliver on time for global enterprises. READ FULL REPORT

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Nifty Pharma top sectoral gainer  Source: NSE

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Markets check   At 2:00 pm, the S&P BSE Sensex was trading at 34,102, up 92 points, while the broader Nifty50 was ruling at 10,547, up 16 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 34,113.66 +103.05 +0.30   S&P BSE SENSEX 50 11,000.37 +31.23 +0.28   S&P BSE SENSEX Next 50 36,892.21 +41.97 +0.11   S&P BSE 100 11,049.19 +28.28 +0.26   S&P BSE Bharat 22 Index 3,801.75 -2.16 -0.06 Source: BSE

Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

Buzzing stock   Prestige Estates Projects has moved higher by 8% to Rs 324 on the BSE in noon deal after the company announced that it will acquire 66.66% stake in a group company, Prestige Projects, for Rs 324 crore.   Prestige Estates Projects currently holds 33.34% stake in Prestige Projects (PPPL), an associate of the company. PPPL is in the business of real estate development and owns a land parcel admeasuring over 180 acres located in Sarjapur road, Bengaluru. READ MORE

First Published: Wed, December 27 2017. 15:35 IST
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Markets end lower after record high; Sensex down 99 pts, Nifty below 10,500

All that happened in Wednesday's session

The benchmark indices pared all intraday gains to settle lower on Wednesday with the Nifty50 slipping below its crucial 10,500 following news reports that the government may announce additional borrowing after the mop-up under the goods and services tax (GST) in November fell to just above Rs 80,000 crore.  The S&P BSE Sensex and the Nifty50 had hit their respective record highs in the early trade.   “The collection under the GST for November has been Rs 80,808 crore till December 25, 2017,” the government said in a release on Tuesday.  The ...

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