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MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Read all that happened in the markets on Tuesday

SI Reporter  |  New Delhi 

MARKETS LIVE, Nifty, Sensex, US, China, trade tensions, monsoon, F&O Expiry

MARKET COMMENT Jayant Manglik, President, Religare Broking The escalating global trade tensions between US and other major economies could keep the Indian markets choppy and volatile in the coming sessions. The progress of monsoon and movement of crude oil prices & currency (INR vs USD) will also be closely monitored by the market participants. Investors’ focus should remain on quality stocks with strong financials and bright prospects. However, traders should remain cautious and strictly hedge their positions Nifty FMCG index ended 1.04% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) GLAXOSMITH C H L 6308.55 6061.95 246.60 4.07 UNITED SPIRITS 701.10 674.05 27.05 4.01 MARICO 340.80 331.20 9.60 2.90 GODREJ CONSUMER 1191.25 1160.45 30.80 2.65 BRITANNIA INDS. 6050.10 5977.40 72.70 1.22 Nifty sectoral gainers and losers BSE Sensex: Coal India top gainer of the day, Tata Motors, RIL among top losers Market at close   The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points. Tata Motors' market-cap falls below that of Bajaj Auto, Eicher Motors Tata Motors market capitalisation (market-cap) has fallen below that of Bajaj Auto and Eicher Motors after a 10% decline in the market price of the company amid concerns over auto tariff threat by the US. READ MORE

The pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.

The S&P BSE ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.

Among sectoral indices, the FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits and Marico.

On Tuesday, the market capitalisation of Tata Motors fell below that of Bajaj Auto and Eicher Motors after a 10% decline in the share price of the company amid concerns over auto tariff threat by the The stock settled 4.4% lower at Rs 277 on the BSE.

GLOBAL MARKETS

World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with in bearing the brunt of investor anxiety.

Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight.

Besides the trade spat with China, the United States has recently upped the ante in a challenge to the European Union by threatening to impose tariffs on cars imported from the bloc.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.27 per cent. Hong Kong's Hang Seng retreated 0.2 per cent, the Shanghai Composite Index slid 0.8 per cent, and Japan's Nikkei was down 0.1 per cent after trimming most of its earlier losses.

(with Reuters inputs)

First Published: Tue, June 26 2018. 08:15 IST
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MARKET WRAP: Nifty ends flat at 10769; Tata Motors slips 4%, RIL down 2.6%

Read all that happened in the markets on Tuesday

The pared their day's gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday.

The S&P BSE ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points.

Among sectoral indices, the FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits and Marico.

On Tuesday, the market capitalisation of Tata Motors fell below that of Bajaj Auto and Eicher Motors after a 10% decline in the share price of the company amid concerns over auto tariff threat by the The stock settled 4.4% lower at Rs 277 on the BSE.

GLOBAL MARKETS

World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with in bearing the brunt of investor anxiety.

Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight.

Besides the trade spat with China, the United States has recently upped the ante in a challenge to the European Union by threatening to impose tariffs on cars imported from the bloc.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.27 per cent. Hong Kong's Hang Seng retreated 0.2 per cent, the Shanghai Composite Index slid 0.8 per cent, and Japan's Nikkei was down 0.1 per cent after trimming most of its earlier losses.

(with Reuters inputs)

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