Markets pare losses to end in green; Nifty closes at 10399; NTPC top gainer
All that happened in today's trade
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Source: BSE
In a volatile trading session, the benchmark indices extended gains for the eighth straight day with the Nifty settling just one point below its crucial 10,400 mark ahead of the derivatives expiry of November series due on Thursday.
Broader sentiment was, however, subdued after Standard & Poor’s retained the country’s sovereign rating of “BBB-minus” and maintained “stable” outlook, citing low income levels, high debt and weaker government finances.
Bond yields too rose 3 basis points to 7.03% on the back of the S&P rating review, though investors are now awaiting key macrodata due later this week for cues.
Overseas, Asian stocks gave back earlier modest gains and fell back from a decade high, weighed by weakness in the Chinese and South Korean markets.
3:55 PM
Anand James, Chief Market Strategist, Geojit Financial Services
Domestic indices shrugged off negativity among Asian peers and enthused by expectations for further reform measures, in the light of textile sector now getting finance ministry's nod. Amendments in the 'Insolvency And Bankruptcy Code' may put the banking sector again in prime focus, but it was short-covering ahead of the F&O expiry that was giving muscle to the late rise. RBI’s December policy meet will be in focus, but with inflation firm, investors may go in with low rate-cut expectations.
3:53 PM
Bitcoin hits new record high
Bitcoin's vertiginous ascent showed no signs of stopping on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone.
The digital currency has seen an eye-watering tenfold increase in its value since the start of the year, and has more than doubled in value since the beginning of October. READ FULL REPORT
3:53 PM
Sensex heatmap at close
Source: BSE
3:46 PM
Broader markets
Broader markets outperformed the benchmark indices with the BSE Midcap and the BSE Smallcap indices gaining 0.5% and 0.7%, respectively.
Broader markets outperformed the benchmark indices with the BSE Midcap and the BSE Smallcap indices gaining 0.5% and 0.7%, respectively.
3:41 PM
Markets check
The S&P BSE Sensex ended at 33,724, up 45 points, while the broader Nifty50 closed at 10,399, up 10 points.
Source: BSE
The S&P BSE Sensex ended at 33,724, up 45 points, while the broader Nifty50 closed at 10,399, up 10 points.
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,724.44 | +45.20 | +0.13 |
| S&P BSE SENSEX 50 | 10,841.03 | +11.76 | +0.11 |
| S&P BSE SENSEX Next 50 | 35,876.50 | +90.42 | +0.25 |
| S&P BSE 100 | 10,865.08 | +14.32 | +0.13 |
| S&P BSE Bharat 22 Index | 3,764.67 | +15.82 | +0.42 |
Source: BSE
3:22 PM
Buzzing stock
Ashok Leyland was trading 4% higher at Rs 124 on the BSE in noon deal after the company and Hino Motors Ltd. Japan have entered into a Mutual Cooperation Agreement (MCA) for Euro VI Engines.
Ashok Leyland was trading 4% higher at Rs 124 on the BSE in noon deal after the company and Hino Motors Ltd. Japan have entered into a Mutual Cooperation Agreement (MCA) for Euro VI Engines.
“As per agreement, Ashok Leyland will utilize Hino's engine technology for Ashok Leyland's EURO-VI development and will support in development of Hino's engine parts purchasing in India for global operation,” the company said in a press release. READ FULL REPORT
3:12 PM
Top five Nifty gainers in last leg of trade
Source: NSE
3:07 PM
Markets check
At 3:00 pm, the S&P BSE Sensex was trading at 33,687, up 8 points, while the broader Nifty50 was ruling at 10,385, down 4 points.
Source: BSE
At 3:00 pm, the S&P BSE Sensex was trading at 33,687, up 8 points, while the broader Nifty50 was ruling at 10,385, down 4 points.
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,722.77 | +43.53 | +0.13 |
| S&P BSE SENSEX 50 | 10,838.32 | +9.05 | +0.08 |
| S&P BSE SENSEX Next 50 | 35,871.65 | +85.57 | +0.24 |
| S&P BSE 100 | 10,862.57 | +11.81 | +0.11 |
| S&P BSE Bharat 22 Index | 3,764.20 | +15.35 | +0.41 |
Source: BSE
2:44 PM
Success of bitcoin, other cryptocurrencies just a bubble
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.
But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation. READ FULL REPORT
2:23 PM
Buzzing stocks
Shares of personal products company, Emami, realty firm, DLF, two-wheeler company, TVS Motor Company, broadcasting & cable TV operators, Zee Entertainment Enterprises and TV18 Broadcast are among 24 stocks from the S&P BSE 500 index that hot their respective 52-week high on the BSE in an otherwise subdued market.
Bajaj Electrical, Eveready Industries, PC Jeweller, Symphony, V-Guard Industries and Westlife Development from the consumer related sectors, too, hit 52-week high today. READ FULL REPORT
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First Published: Nov 27 2017 | 3:33 PM IST