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MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Among sectoral indices, the Nifty IT index ended over 1% higher on Wednesday led by a rise in the shares of TCS and Infosys.

SI Reporter  |  New Delhi 

The markets pared their day's gains to end flat on Wednesday as investors eyed the outcome of US Federal Reserve's monetory policy meeting scheduled later in the day. The S&P BSE Sensex ended at 35,739, up 47 points while the broader Nifty50 index settled at 10,857, up 14 points. Among individual stocks, top software services exporter Tata Consultancy Services (TCS) gained 3% earlier today after the company said that its board will consider a proposal for buyback of equity shares of the company, at its meeting on June 15, 2018. The stock eventually ...

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MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Nifty IT index ends 1.26% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) TCS 1824.10 1781.00 43.10 2.42 INFOSYS 1274.80 1258.50 16.30 1.30 INFIBEAM INCORP. 153.90 152.00 1.90 1.25 HCL TECHNOLOGIES 923.70 914.80 8.90 0.97 WIPRO 268.80 266.45 2.35 0.88

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Nifty sectoral gainers and losers of the day

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

BSE Sensex: Dr. Reddy's, TCS among top gainers of the day, Tata Steel top loser

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Market at close   The S&P BSE Sensex ended at 35,739, up 47 points while the broader Nifty50 index settled at 10,857, up 14 points.

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Gold steady as markets cautious ahead of US Fed statement Gold prices held steady on Wednesday after falling to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the US Federal Reserve when its policy meeting concludes later in the day.   Spot gold was little changed at $1,295.02 per ounce at 0634 GMT after it touched a one-week low of $1,292.60 in the previous session. US gold futures for August delivery were 0.1 percent lower at $1,298.50 per ounce. READ MORE

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Pharma stocks on a booster dose   Shares of pharmaceutical companies gained ground for the sixth consecutive day with the Nifty Pharma index gaining 12 per cent during this period, as compared to a 2.6 per cent jump in the Nifty 50 index.   Analysts attribute the run-up in pharma stocks to positive corporate announcements on the US drug regulatory front, especially Sun Pharma, which infused a fresh life into these classic defensive plays. READ MORE

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Ruchi Soya locked at 5% upper circuit Shares of Ruchi Soya Industries locked at 5% upper circuit as Adani group emerged as highest bidder for the company. Adani's group company offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter said.   Baba Ramdev-promoted Patanjali Ayurved, the only other qualified player in the race, has bid for around Rs 5,700 crore, they added.

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Top gainers from the Nifty50 index COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME DR REDDY'S LABS 2265.00 2190.65 74.35 3.39 2117052 CIPLA 582.65 567.10 15.55 2.74 4055906 TCS 1826.80 1781.00 45.80 2.57 4295569 HINDALCO INDS. 246.35 240.65 5.70 2.37 4361193 LUPIN 873.95 855.00 18.95 2.22 5572465 Click here for more gainers

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Global oil demand to grow steadily in 2019 but trade risks loom: IEA Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said on Wednesday. READ MORE  

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Market Check   S&P BSE Sensex 35,825.09 0.37%   Nifty 50 10,877.40 0.32%   S&P BSE 200 4,714.00 0.34%   Nifty 500 9,412.55 0.28%   S&P BSE Mid-Cap 16,163.30 0.08%   S&P BSE Small-Cap 17,102.90 0.22%

MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Infosys hits record high on the BSE Shares of Infosys hit a record high of Rs 1,278.55 per share, up 1.6% on the BSE in intra-day trade on Wednesday, surpassing their previous high of Rs 1,278 per share recorded on June 3, 2016.   On the National Stock Exchange (NSE), the stock hit a high of Rs 1,278.85, up 1.6%, and is slightly away from its all-time high of Rs 1,279.30 touched on June 3, 2016. READ MORE

First Published: Wed, June 13 2018. 15:30 IST
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MARKET WRAP: Indices end flat, Nifty at 10,857 ahead of US Fed outcome

Among sectoral indices, the Nifty IT index ended over 1% higher on Wednesday led by a rise in the shares of TCS and Infosys.

The markets pared their day's gains to end flat on Wednesday as investors eyed the outcome of US Federal Reserve's monetory policy meeting scheduled later in the day. The S&P BSE Sensex ended at 35,739, up 47 points while the broader Nifty50 index settled at 10,857, up 14 points. Among individual stocks, top software services exporter Tata Consultancy Services (TCS) gained 3% earlier today after the company said that its board will consider a proposal for buyback of equity shares of the company, at its meeting on June 15, 2018. The stock eventually ...

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