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Nifty settles August F&O series above 9,900; Wipro top gainer

All that happened in Thursday's trade

SI Reporter  |  New Delhi 

The Nifty50 settled the August series of derivatives contract above 9,900 thanks to gains in information technology (IT), realty and auto stocks. Positive trend in Asian and European markets, after pbeat Chinese and US economic news whetted appetite for riskier assets globally, also contributed to gains.  Meanwhile, gross domestic product (GDP) numbers for the April-June 2017 quarter will be released later in the day today. Sandwiched between the government’s demonetisation programme and the implementation of the goods and services tax (GST), most experts expect the GDP ...

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Nifty settles August F&O series above 9,900; Wipro top gainer

Anand James, Chief Market Strategist, Geojit Financial Services     A tinge of caution held investors back ahead of F&O expiry, but expectations of better GDP numbers kept market buoyant especially as last quarter numbers were  trampled down by the demonetisation impact. Short covering was also quite visible swinging indices, especially after Wednesday’s rollovers came in at six months low.

Nifty settles August F&O series above 9,900; Wipro top gainer

Sensex heatmap at close Source: BSE

Nifty settles August F&O series above 9,900; Wipro top gainer

Market breadth  The breadth, indicating the overall health of the market, was positive. On the BSE, 1,510 shares rose and 1,062 shares fell. A total of 136 shares were unchanged.

Nifty settles August F&O series above 9,900; Wipro top gainer

Broader markets The BSE Midcap index added 0.2%, while the BSE Smallcap index outperformed to rise 0.8%. 

Nifty settles August F&O series above 9,900; Wipro top gainer

Markets at close The Sensex ended at 31,730, up 84 points, while the broader Nifty50 settled at 9,917, up 33 points. Both the indices lost over 2% for the month.  

Nifty settles August F&O series above 9,900; Wipro top gainer

Volatility index India VIX slips 7% to 11.94 Source: NSE

Nifty settles August F&O series above 9,900; Wipro top gainer

Earnings impact  Ajmera Realty & Infra India spurted over 9% to Rs 213.35 on BSE after the company's consolidated net profit rose 107.96% to Rs 14.10 crore for the June quarter on 101.70% increase in total income from operations to Rs 90.36 crore.

Nifty settles August F&O series above 9,900; Wipro top gainer

Nifty reclaims 9,900 in last leg of trade    Here are top five gainers:   Source: NSE

Nifty settles August F&O series above 9,900; Wipro top gainer

Asian markets update Asian markets settled mixed. Japan’s Nikkei closed up 0.7%, its best level in two weeks, helped by a pullback in the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1% on the day but was a modest 0.3% firmer for the month. China's Shanghai Composite ended little changed and Hong Kong's Hang Seng shed 0.4%. 

Nifty settles August F&O series above 9,900; Wipro top gainer

European markets    Europe’s shares extended their relief bounce on Thursday but were unlikely to avoid a third straight month of losses as they entered the last trading day of an unusually turbulent August, and a profit warning from Carrefour sank the retail sector.   the Eurostoxx 600 up 0.3% and London’s FTSE, Germany’s DAX and France’s CAC40 gained between 0.25% and 0.4%.

Nifty settles August F&O series above 9,900; Wipro top gainer

Markets check At 3:00 am, the Sensex was trading at 31,678, up 32 points, while the broader Nifty50 was ruling at 9,901, up 17 points. 

First Published: Thu, August 31 2017. 15:34 IST
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Nifty settles August F&O series above 9,900; Wipro top gainer

All that happened in Thursday's trade

The Nifty50 settled the August series of derivatives contract above 9,900 thanks to gains in information technology (IT), realty and auto stocks. Positive trend in Asian and European markets, after pbeat Chinese and US economic news whetted appetite for riskier assets globally, also contributed to gains.  Meanwhile, gross domestic product (GDP) numbers for the April-June 2017 quarter will be released later in the day today. Sandwiched between the government’s demonetisation programme and the implementation of the goods and services tax (GST), most experts expect the GDP ...

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