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Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

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SI Reporter  |  New Delhi 

The markets ended flat amid mixed global cues tracking Asian markets after US President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for now. Trump forged a surprising deal with Democrats in Congress on Wednesday to extend the US debt limit and provide government funding until December 15, embracing his political adversaries and blindsiding fellow Republicans in a rare bipartisan accord. The agreement, which eliminates the near-term risk of a government shutdown, helped the ...

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Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Analyst View   Vinod Nair, Head of Research, Geojit Financial Services: Blue-chips have been consolidating in the last one month in line with the havoc in global market and outflows in FII money. But undercurrent is strong as shown by the positive return & outperformance of Mid & Small cap. The underline is that market is hoping for a strong pick-up in earnings growth by H2FY18, which is the fillip to go beyond current level.  

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Nifty FMCG was the only sector that ended in negative, dragged mainly by ITC Source: NSE

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Sectoral Trend: Nifty metal was the top sectoral gainer, up 1% Source: NSE

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Top gainers and losers on BSE Sensex Source: BSE

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Markets at close The markets ended flat amid mixed global cues tracking Asian markets after US President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for now. The S&P BSE Sensex ended ar 31,662, up 1 point while Nifty 50 index was ruling at 9,929, up 13 points   

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

BUZZING STOCK Eicher Motors, the maker of Royal Enfield motorbikes, rose 2.5% after the Economic Times reported the company is set to make a binding takeover bid for Italian motorcycle manufacturer Ducati for $1.8 billion-$2 billion.

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Asia Check Asian shares bounced back after US President Donald Trump and congressional leaders unexpectedly agreed to raise the government debt limit until December, eliminating the near-term risk of a government shutdown.   MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3% while Japan's Nikkei rose 0.2%.   South Korea's KOSPI, which has been burdened by tensions over North Korea, jumped 1.2%, on course to mark its biggest gain in four months.  

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

'Actual beneficiaries' of shell firms next on Modi govt's hit list   The government on Wednesday said directors or authorised signatories of deregistered companies who try to siphon off money from the firms' bank accounts can face up to 10 years imprisonment.   Besides, the directors of shell companies that have not filed their returns for three or more years would be disqualified from holding such position in any other firm.   The government has also identified chartered accountants, company secretaries and cost accountants associated with shell firms in certain cases. READ FULL REPORT HERE

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Bajaj Finance hits new high   Bajaj Finance hit a new high of Rs 1,950, up 5%, extending its previous day’s 4% gain on the BSE, after the company launched a qualified institutional placement (QIP) offering up to Rs 4,500 crore from institutional investors.   Bajaj Finance on Tuesdayin a regulatory filing said that the company may offer a discount of not more than 5% on the floor price of Rs 1,771.90 calculated for the QIP. READ MORE

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Market breadth   Market breadth, indicating the overall health of the market remained positive. There were 1,420 advances against 1,092 declines, while 156 stocks remained unchanged.  

Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

ICICI Lombard IPO to hit market on Sept 15   ICICI Lombard General Insurance Company's estimated Rs 6,000-crore initial public offer (IPO) will open for subscription on September 15. CLICK HERE FOR DETAILS

First Published: Thu, September 07 2017. 15:30 IST
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Sensex ends flat, Nifty below 9,950; ITC drags FMCG index

Catch all that happened in the market here

The markets ended flat amid mixed global cues tracking Asian markets after US President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for now. Trump forged a surprising deal with Democrats in Congress on Wednesday to extend the US debt limit and provide government funding until December 15, embracing his political adversaries and blindsiding fellow Republicans in a rare bipartisan accord. The agreement, which eliminates the near-term risk of a government shutdown, helped the ...

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