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MARKET WRAP: Indices end flat, auto, metal stocks slip; SpiceJet jumps 16%

All that happened in markets today

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

markets

After a seven-day rally, the domestic equity market ended on a flat note on Wednesday amid selling in auto, metals and energy counters. Moreover, investors looked for further cues before taking bets.

The S&P added 23 points or 0.06 per cent to settle at 38,387 while NSE's Nifty50 index closed at 11,521, down 11 points or 0.10 per cent. 

In the broader market, the S&P MidCap index ended 54 points or 0.36 per cent lower at 15,166, while the S&P SmallCap index ended at 14,824 levels, down 49 points or 0.33 per cent. 

BUZZING STOCKS

Shares of Vodafone Idea ended 4 per cent higher at Rs 33.40. The stock bounced back 13 per cent from its intra-day low on the BSE on back of heavy volumes. Shares of the telecom services provider slipped 7 per cent to Rs 29.65 on the BSE in intra-day trade after the company announced its board has approved rights issue of Rs 25,000 crore at price of Rs 12.50 per share.

Infosys ended over 2 per cent higher at Rs 738.50 apiece on BSE after the commencement of buyback offer.

SpiceJet rallied over 16 per cent to Rs 91.65 apiece on BSE. 

will be closed on Thursday (March 21) on account of Holi. 

SECTOR WATCH

Media stocks bled the most followed by auto stocks. The Auto index slipped 1.42 per cent to 8,445 level with 15 constituents declining and 1 advancing. On the other hand, Realty index hit a six-month high during the session. The index settled 2.43 per cent higher at 265.30.
 
GLOBAL MARKETS

Asian shares slipped from six-month highs on Wednesday as investors took profits ahead of a policy decision by the US Federal Reserve which is expected to shed more light on its interest rate plans for the rest of the year.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 per cent, led by losses in Australia and South Korea. Japan’s Nikkei was little changed while mainland Chinese shares fell 0.5 per cent.

(with Reuters input)

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