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Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

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SI Reporter  |  New Delhi 

The benchmark indices ended flat on Wednesday as sentiment remained cautious ahead of the gross domestic product (GDP) for the July-September quarter due on Thursday post market hours. Derivatives expiry of the November series is also due on Thursday.  GDP is likely to have grown 6.4% from a year ago in July-September, from 5.7% in the preceding quarter, according to a Reuters poll of analysts.  The data could help support a market that has surged around 27% so far this year, though gains have slowed since indICES hit a record high in early November over ...

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Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Vinod Nair, Head of Research, Geojit Financial Services    Market continued to consolidate as investors wished to stay on the sideline ahead of key economic growth data. Q2FY18 GDP is likely to improve to 6.4% as per the consensus estimates while any extension in crude oil production cut in the upcoming OPEC meet will provide some volatility in the near-term. However, strengthening INR over USD and expectation for further upgrade in earnings after the good set of second quarter results will keep the sentiment positive.

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Sensex heatmap at close Source: BSE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Broader markets The BSE Midcap index was down 0.15, while the BSE Smallcap index remained little changed. 

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Markets at close   The S&P BSE Sensex ended at 33,602, down 16 points, while the broader Nifty50 was settled at 10,367, down 9 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 33,602.76 -15.83 -0.05   S&P BSE SENSEX 50 10,806.07 -7.21 -0.07   S&P BSE SENSEX Next 50 35,823.11 -57.61 -0.16   S&P BSE 100 10,833.12 -8.88 -0.08   S&P BSE Bharat 22 Index 3,738.94 -5.77 -0.15 Source: BSE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Buzzing stock   Power Mech Projects rallied 10% to Rs 797 on the BSE in noon deal trade after the company received orders worth Rs 357 crore for infrastructure development work at Andhra Pradesh Medtech Zone Limited (AMTZ), an enterprise under the Government of Andhra Pradesh. CLICK HERE FOR DETAILS

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Top five Nifty gainers in last leg of trade Source: NSE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Markets check   At 3:00 pm, the S&P BSE Sensex was trading at 33,626, up 8 points, while the broader Nifty50 was ruling at 10,367, down 3 points.  S&P BSE SENSEX 33,627.61 +9.02 +0.03   S&P BSE SENSEX 50 10,808.90 -4.38 -0.04   S&P BSE SENSEX Next 50 35,833.34 -47.38 -0.13   S&P BSE 100 10,836.07 -5.93 -0.05   S&P BSE Bharat 22 Index 3,743.58 -1.13 -0.03 Source: BSE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

RBI unlikely to change interest rates: Poll   The Reserve Bank of India is likely to leave interest rates unchanged at its December policy meeting and through the end of next year, despite expectations that inflation will breach its 4 percent target in the next few months, a Reuters poll showed.   The results, from a poll of economists taken over the past week, also found there is a bigger risk the next move is a cut, even though forecasts diverge in three directions starting from the second quarter of next year. READ MORE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Bitcoin makes history   Bitcoin is not at a size where it would pose a risk to the global economy, Bank of England Deputy Governor Jon Cunliffe said on Wednesday, as the virtual currency soared to a record high above $10,000 on major exchange.   The cryptocurrency has climbed 10-fold so far this year, the largest gain of all asset classes and prompting sceptics to warn it is a classic speculative bubble. READ MORE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Markets check  Index Current Pt. Change % Change   S&P BSE SENSEX 33,643.64 +25.05 +0.07   S&P BSE SENSEX 50 10,817.57 +4.29 +0.04   S&P BSE SENSEX Next 50 35,826.38 -54.34 -0.15   S&P BSE 100 10,843.14 +1.14 +0.01   S&P BSE Bharat 22 Index 3,747.53 +2.82 +0.08 Source: BSE

Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Buzzing stock Wipro gained over 1% to Rs 297 as the IT major kicked off its mega Rs 11,000 crore share buyback plan.    The IT major will process the buyback through a tender offer route. An eligible shareholder can tender equity shares in the buyback during the tendering period which is from November 29 to December 13.  

First Published: Wed, November 29 2017. 15:35 IST
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Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP

Catch all live market action here

The benchmark indices ended flat on Wednesday as sentiment remained cautious ahead of the gross domestic product (GDP) for the July-September quarter due on Thursday post market hours. Derivatives expiry of the November series is also due on Thursday.  GDP is likely to have grown 6.4% from a year ago in July-September, from 5.7% in the preceding quarter, according to a Reuters poll of analysts.  The data could help support a market that has surged around 27% so far this year, though gains have slowed since indICES hit a record high in early November over ...

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