Sensex ends flat, Nifty closes below 10,400 ahead of F&O expiry, Q2 GDP
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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 global concerns such as higher oil prices.
Overseas, caution prevailed over the latest missile test by North Korea and softness in Chinese shares hit Asian markets. European markets were also trading mixed.
4:19 PM
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.
3:42 PM
Sensex heatmap at close
Source: BSE
3:37 PM
Broader markets
The BSE Midcap index was down 0.15, while the BSE Smallcap index remained little changed.
The BSE Midcap index was down 0.15, while the BSE Smallcap index remained little changed.
3:36 PM
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.
Source: BSE
| 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
3:19 PM
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
3:15 PM
Top five Nifty gainers in last leg of trade
Source: NSE
3:06 PM
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.
Source: BSE
| 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
2:48 PM
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
2:28 PM
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
2:11 PM
Markets check
Source: BSE
| 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
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First Published: Nov 29 2017 | 3:35 PM IST