You are here: Home » Markets » News
Business Standard

Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade

Topics
Markets

SI Reporter  |  New Delhi 

The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar. Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros.  Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Vinod Nair, Head of Research, Geojit Financial Services    Market moved in a tepid manner after recording the all time high, investors turned jittery ahead of RBI minutes. Market is gradually pricing the positive aura raised from the political front, going forward valuation and transition of reforms into earnings will be the key catalyst to fuel the market sentiment.

Nifty ends below 10,450 after hitting record high, snaps four-day rally

RCom surges 45% after NCLT adjourns hearing of insolvency petition   Reliance Communications (RCom) rose as much as 45% in intra-day trade today after the National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance Communicationsto early next month after a group of the telecom operator's lenders sought time to consider converting the company's loans into equity. READ FULL REPORT

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Market breadth positive   The breadth, indicating the overall health of the market, remained strong. On the BSE, 1,590 shares rose and 1,120 shares fell. A total of 177 shares were unchanged.  

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Sectoral trend at close Source: NSE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Markets at close Index Current Pt. Change % Change   S&P BSE SENSEX 33,777.38 -59.36 -0.18   S&P BSE SENSEX 50 10,894.53 -16.55 -0.15   S&P BSE SENSEX Next 50 36,305.68 +34.50 +0.10   S&P BSE 100 10,931.34 -12.15 -0.11   S&P BSE Bharat 22 Index 3,762.81 +12.73 +0.34 Source: BSE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Top five Nifty losers in last leg of trade  Source: NSE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Markets check Index Current Pt. Change % Change   S&P BSE SENSEX 33,788.70 -48.04 -0.14   S&P BSE SENSEX 50 10,899.83 -11.25 -0.10   S&P BSE SENSEX Next 50 36,310.31 +39.13 +0.11   S&P BSE 100 10,935.96 -7.53 -0.07   S&P BSE Bharat 22 Index 3,765.04 +14.96 +0.40 Source: BSE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Buzzing stock   Shares of Religare Enterprises hit its upper circuit of 5% at Rs 73.15, while those of Edelweiss Financial Services rose 2.54% to Rs 298.65 in intra-day trade after Edelweiss Financial Services on Wednesday said its wealth management arm will acquire Religare's securities business for an undisclosed sum.   "Edelweiss and Religare today announced the acquisition by Edelweiss Wealth Management of Religare's securities business, which includes securities and commodities broking, and depository participant services," the company said in a regulatory filing. READ MORE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

6 stocks that are trading 2,000 times above their face value   MRF - the most expensive stock in terms of share price in India - is currently trading nearly 6,915 times its face value of Rs 10 per share at Rs 48,781 levels at the bourses.   Besides MRF, five stocks – Eicher Motors, Tata Consultancy Services (TCS), Page Industries, Britannia Industries and Honeywell Automation - are trading at over 2,000 times their respective face values. CLICK HERE FOR DETAILS

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Sensex heatmap in afternoon trade  Source: BSE

Nifty ends below 10,450 after hitting record high, snaps four-day rally

Archies zooms 57% in two weeks    Archies is locked in upper circuit of 10% at Rs 50.25, also its 52-week high on the BSE, extending its over 40% surge of the past nine days after promoter Anil Moolchandani hiked stakes in the company through open market.   “Anil Moolchandani, Chairman and Managing Director of the Archies purchased 20,000 shares of the company on 08/12/2017 at the consideration value of Rs 6.87 lakh and further purchased 20,000 shares of the company on 11/12/2017 at the consideration value of Rs 6.70 lakh from the open market,” Archies said in a regulatory filing on December 12, 2017. READ MORE

First Published: Wed, December 20 2017. 15:33 IST
RECOMMENDED FOR YOU

Nifty ends below 10,450 after hitting record high, snaps four-day rally

All that happened in Wednesday's trade

The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar. Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros.  Meanwhile, some caution set in ahead of the release of the minutes from the Reserve Bank of ...

image
Business Standard
177 22