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Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

All that happened in Thursday's trade

SI Reporter  |  New Delhi 

The benchmark indices ended lower on Thursday after four straight sessions of gains, as investors booked profits in oil refiners amid a lack of fresh triggers after the Reserve Bank of India (RBI) kept interest rates unchanged in a move that was widely expected. The central bank held its policy rate steady near seven-year lows on Wednesday after inflation surged, but looked to prop up the cooling economy by spurring banks into lending more. The lack of monetary stimulus will leave it to the government to try to boost an economy that unexpectedly expanded at its ...

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Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Anand James, Chief Market Strategist, Geojit Financial Services   Market hesitated to take a stance amid weak cues from European peers fuelled by political instability in Spain. Nifty looked reluctant to push beyond its 50-day moving average, but outcome of Friday's GST council meeting and the upcoming earnings season will decide the direction of the market in the short run.

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Sectoral trend Source: NSE

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Sensex heatmap at close Source: BSE

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Markets at close The Sensex settled at 31,592, down 79 points, while the broader Nifty50 ended at 9,888, down 26 points. 

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

These 18 stocks from BSE Smallcap index up between 10% and 20%    Gravita India, Ramky Infrastructure, D-Link (India), Ashapura Minechem, Tinplate Company of India, TVS Electronics, Walchandnagar Industries and Jai Corp were among 18 stocks from the small-cap index that rallied between 10% and 20% on the BSE in otherwise range-bound market. READ FULL REPORT

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Global stock market party settles down   Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank’s last meeting for clues to its exit from ultra-easy monetary policy.   Political tensions emanating from Spain, where one of its richest regions Catalonia has pledged to declare ‘independence in days’, was also at the forefront of concerns for European markets.   Spain's government bond yields rose to their highest level since March while Madrid's stock market headed for its biggest weekly loss of the year.

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Buzzing stock  Hatsun Agro Product lost over 2% to Rs 760 on BSE, with the stock sliding on profit booking after Wednesday's rally triggered by SBI MF purchasing bulk shares of the company. 

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Top losers on Nifty in last leg of trade  Source: NSE

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Shell companies crackdown   As many as 450,000 directors may face disqualification for their association with shell companies, Union minister P P Chaudhary said on Thursday as the government steps up its fight against the black money menace. READ MORE

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Buzzing stock   Apex Frozen Foods hit a new high of Rs 364, up 8% on BSE in intra-day trade, appreciating 108% against its initial public offer (IPO) price of Rs 175 per share. CLICK HERE FOR DETAILS

Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

Arundhati Bhattacharya made SBI more relevant in just 4 years    State Bank of India (SBI) Chairman Arundhati Bhattacharya’s four-year term, which will end on October 6, has been eventful. Her tenure also coincided with rising bad loans of the banking sector, and the subsequent fire-fighting that is going on the resolution front. Besides that, she prepared the ground for the merger of its associate banks with itself which was completed earlier this year. READ FULL REPORT

First Published: Thu, October 05 2017. 15:35 IST
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Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues

All that happened in Thursday's trade

The benchmark indices ended lower on Thursday after four straight sessions of gains, as investors booked profits in oil refiners amid a lack of fresh triggers after the Reserve Bank of India (RBI) kept interest rates unchanged in a move that was widely expected. The central bank held its policy rate steady near seven-year lows on Wednesday after inflation surged, but looked to prop up the cooling economy by spurring banks into lending more. The lack of monetary stimulus will leave it to the government to try to boost an economy that unexpectedly expanded at its ...

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