Nifty ends below 10,450 after hitting record high, snaps four-day rally
All that happened in Wednesday's trade
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A Chinese man works at a construction site in the Central Business District of China's capital Beijing. (Photo: Reuters)
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 India’s policy meeting earlier this month in which the policy rate was kept unchanged. The minutes are scheduled to be released after market hours.
3:57 PM
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.
3:55 PM
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
3:47 PM
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.
3:42 PM
Sectoral trend at close
Source: NSE
3:36 PM
Markets at close
Source: BSE
| 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
3:20 PM
Top five Nifty losers in last leg of trade
Source: NSE
3:04 PM
Markets check
Source: BSE
| 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
2:47 PM
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
2:29 PM
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
2:10 PM
Sensex heatmap in afternoon trade
Source: BSE
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First Published: Dec 20 2017 | 3:33 PM IST