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Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

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SI Reporter  |  New Delhi 

Benchmark indices ended flat in lacklustre trading on Monday following heavy gains on Friday, after Moody’s Investors Service upgraded the country’s sovereign credit rating. Indian shares also tracked their subdued Asian peers after uncertainties clouding a US tax-overhaul bill saw a retreat on Wall Street on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan extended losses. The Nifty PSU Bank index fell 0.85% after surging in the previous two sessions, including the 3.22% gain on Thursday. Investors have been hopeful that ...

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Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services    "Weak global cues remained a drag earlier in the day, but expectation of more positive measures along GST rates, this time on consumer durables, held markets afloat. Real estate sector continued to attract investor's attention against the backdrop of Cabinet's decision to relax interest rate subsidy criterion under CLSS scheme."

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Top Sectoral gainer: NIfty Realty index Source: NSE

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Nifty PSU Bank index falls nearly 1% Source: NSE

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Sectoral Trend Source: NSE

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Top Sensex gaienrs and losers Source: BSE

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Broader Markets Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap indices up 0.6% and 0.8% respectively

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Markets at close The S&P BSE Sensex ended at 33,359, up 17 points while the broader Nifty50 index settled at 10,298, up 15 points

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Buzzing Stock Shares of Strides Shasun climbed as much as 4.5% after the pharma company agreed to sell its India brand business to Eris Lifesciences.

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Oil market steady ahead of OPEC meet on Nov 30   Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.   Brent crude futures, the international benchmark for oil prices, were at $62.47 per barrel at 0752 GMT, down 25 cents, or 0.4 percent, from their last close.   US West Texas Intermediate (WTI) crude futures were at $56.57 a barrel, up just 2 cents from their last settlement.

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Slips in trade The Nifty PSU Bank index fell 0.87% after surging in the previous two sessions, including the 3.22% gain on Thursday.

Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Europe Check European bourses opened lower after preliminary coalition talks in Germany collapsed.   The pan-European Stoxx 600 was 0.01% lower with sectors moving in different directions.   In Asia, equities were mostly lower on growing doubts over US plans to update the tax system.

First Published: Mon, November 20 2017. 15:31 IST
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Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls

Catch all that happened in the market here

Benchmark indices ended flat in lacklustre trading on Monday following heavy gains on Friday, after Moody’s Investors Service upgraded the country’s sovereign credit rating. Indian shares also tracked their subdued Asian peers after uncertainties clouding a US tax-overhaul bill saw a retreat on Wall Street on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan extended losses. The Nifty PSU Bank index fell 0.85% after surging in the previous two sessions, including the 3.22% gain on Thursday. Investors have been hopeful that ...

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