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Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

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SI Reporter  |  New Delhi 

Benchmark indices ended marginally lower on Thursday on expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta rose tracking global commodity prices. The Centre, on Wedensday, said that it looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal ...

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Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Top Sectoral gainer: Nifty Realty Source: NSE

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Sectoral trend Source: NSE

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Top Sensex gainers and losers Source: BSE

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Broader Markets Among broader markets, BSE Midcap and BSE Smacap indices ended 0.1% and 0.3% higher

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Markets at Close Benchmark indices ended marginally lower on Thursday on expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta rose tracking global commodity prices. The S&P BSE Sensex ended the day at 33,848, down 63 points while the broader Nifty50 index settled at 10,477, down 12 points

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Stake Buy Steel Strips Wheels said Kalink Company had acquired 13,015 equity shares of the company during the quarter ended December 31, 2017 through open market under foreign portfolio investment. The date of purchase of shares was November 30.   Kalink is also holding 2,09,525 equity shares in the company, which had been subscribed under foreign direct investment on June 10, 2016.

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Buzzing stock Monnet Ispat shares jumped nearly 13% intraday after a media report indicated that Aion Capital and JSW Steel submitted a Rs 3,500-crore resolution plan.   Monnet Ispat, which has debt worth more than Rs 10,000 crore, is among the first 12 cases identified by the Reserve Bank of India under insolvency and bankruptcy code.

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

TCS faces class-action suit in US over alleged anti-American bias   Information technology (IT) services major Tata Consultancy Services Ltd (TCS) is facing a legal trial in the US over claims of its alleged biased against American workers, Bloomberg reported on Thursday.   According to the report, TCS' request to dismiss a 2015 lawsuit that accused it of violating anti-discrimination laws by favouring South Asians was rejected by a federal judge in California. Further, in an additional setback for the company, on behalf of American workers who lost their jobs at TCS offices in the US, the federal judge expanded the case into a class-action suit, the report added.  READ MORE

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Buzzing in trade Nahar Capital & Financial Services fell 7.44% to Rs 204 on BSE on profit booking after a recent rally.   On the BSE, 44,000 shares were traded in the counter so far, compared with average daily volumes of 48,000 shares in the past two weeks. The stock had hit a high of Rs 227 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 200.55 so far during the day. The stock hit a 52-week low of Rs 88.65 on 5 January 2017.

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

RCom rally continues Reliance Communications surged 16 percent now, taking total three consecutive days' gains to more than 105%. The rally is after Anil Dhirubhai Ambani announced mega debt restructuring plan for the company that has debt of Rs 45,000 crore.

Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Metals rise Metals stocks climbed as copper prices extended gains to hit a near four-year high after a jump in China’s imports of the metal boosted expectations of stronger demand from the top consumer.   Vedanta rose as much as 2.7%, and was on track for a third straight session of gains.

First Published: Thu, December 28 2017. 15:34 IST
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Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

Catch all live market action here

Benchmark indices ended marginally lower on Thursday on expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target, but metals stocks such as Vedanta rose tracking global commodity prices. The Centre, on Wedensday, said that it looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal ...

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