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Markets snap 7-session rally; Nifty settles September series above 9,750

All that happened in today's trade

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SI Reporter  |  New Delhi 

The benchmark indices recovered on Thursday after declining for seven straight sessions, with the Nifty50 closing the September series above its crucial 9,750 mark.  Gains were, however, capped by expectations of further rate hikes by the US Federal Reserve, tensions over North Korea, rising crude prices and worries of widening fiscal deficit on increased government spending to boost a slowing economy.  In the currency market, the rupee came under further pressure, hitting as low as 65.89 per dollar, as the greenback strengthened after strong US economic data added ...

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Markets snap 7-session rally; Nifty settles September series above 9,750

Anand James, Chief Market Strategist, Geojit Financial Services    Short covering ahead of the F&O expiry gave muscle to relief rallies, after bargain hunting trickled in Nifty tested 100-EMA. Market will now look forward to possible return of FIIs from a month long hiatus and positive outcomes from the next week's GST council meeting may instil some buying interest in the domestic market.

Markets snap 7-session rally; Nifty settles September series above 9,750

Sectoral trend  All but two sectors (Nifty IT, Nifty Media) ended in green. Source: NSE

Markets snap 7-session rally; Nifty settles September series above 9,750

Sensex heatmap at close Source: BSE

Markets snap 7-session rally; Nifty settles September series above 9,750

Broader markets    The BSE Smallcap and the BSE Midcap outperformed to gain 0.9% and 0.7%, respectively.

Markets snap 7-session rally; Nifty settles September series above 9,750

Markets at close The S&P BSE Sensex ended at 31,282, up 122 points, while the broader Nifty50 closed at 9,768, up 33 points. 

Markets snap 7-session rally; Nifty settles September series above 9,750

World Gold Council to set up India's first spot gold exchange   The World Gold Council (WGC) plans to form a committee soon to help set up India's first spot gold exchange within 12 to 18 months, a senior official of the industry body said on Thursday.   A dedicated exchange for physical gold is expected to pave the way for standard gold pricing practices in India, apart from bringing in transparency into a market which sees large cash transactions. READ MORE

Markets snap 7-session rally; Nifty settles September series above 9,750

European markets European shares were little changed on Thursday as gains in financial stocks and a weaker euro provided support, while fashion group H&M fell after disappointing results.   The pan-European STOXX 600 index was down 0.1% to just below the two-month high it reached in the previous session in anticipation of US President Donald Trump’s tax overhaul proposal.   Germany's export-oriented DAX index and France's CAC outperformed, trading up 0.2% and flat respectively. Spain's IBEX added 0.1% as worries over the Catalonia independence referendum eased.

Markets snap 7-session rally; Nifty settles September series above 9,750

Volatility index  India VIX eases nearly 5%.  Source: NSE

Markets snap 7-session rally; Nifty settles September series above 9,750

Markets check    At 3:00 pm, the S&P BSE Sensex was trading at 31,242, up 83 points, while the broader Nifty50 was ruling at 9,751, up 15 points. 

Markets snap 7-session rally; Nifty settles September series above 9,750

Buzzing stock Dishman Carbogen Amcis hit an upper circuit limit of 5% at Rs 321.55 on BSE after the company said its Switzerland unit received zero observations from the US health regulator. 

Markets snap 7-session rally; Nifty settles September series above 9,750

Top five losers on Nifty  Source: NSE

First Published: Thu, September 28 2017. 15:32 IST
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Markets snap 7-session rally; Nifty settles September series above 9,750

All that happened in today's trade

The benchmark indices recovered on Thursday after declining for seven straight sessions, with the Nifty50 closing the September series above its crucial 9,750 mark.  Gains were, however, capped by expectations of further rate hikes by the US Federal Reserve, tensions over North Korea, rising crude prices and worries of widening fiscal deficit on increased government spending to boost a slowing economy.  In the currency market, the rupee came under further pressure, hitting as low as 65.89 per dollar, as the greenback strengthened after strong US economic data added ...

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