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Markets pare gains to end flat, Nifty settles below 10,100; OMCs weigh

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SI Reporter  |  Mumbai 

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services    Marginal uptick in IIP numbers and anticipation of improvement in WPI provided strength to the domestic market. But volatility emerged as market reached near the all time high, which pulled the index to close negative while FIIs continue to be a net seller. FY19 to see harsher earnings cut; remain positive on markets: Credit Suisse   Despite a near 20 per cent rise in the markets in calendar year 2017 (CY17), Credit Suisse remains optimistic on the road ahead and sees no major downside, unless global cues disappoint.    In its 'India Market Strategy' report released Wednesday, the global research and brokerage house expects domestic flows to remain robust thanks to improvement in financial savings and support the market on every correction. READ MORE Sectoral Trend Source: NSE BSE Oil & Gas index declined 1.7%, becoming the biggest sectoral loser Source: BSE Top Sensex gainers and losers Source: BSE Broader Markets The broader markets underpeformed the frontline indices with BSE Midcap and BSE Smallcao index down 0.7% and 0.6% respectively

The benchmark indices pared morning gains in the last leg of the session, to end flat, dragged by losses in metal, realty, auto, FMCG and oil & gas sectors. The broader markets also underpeformed the frontline indices. Oil marketing companies (OMCs) such as BPCL, HPCL and IOC tanked up to 8% following news reports that the OMCs may be told to absorb increase in oil prices due to inflation risks.  Globally, Asian markets inched up to a 10-year high, cheered by record highs on Wall Street following Apple's new launches and as North Korea fears eased. Dismal ...

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First Published: Wed, September 13 2017. 15:30 IST
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Markets pare gains to end flat, Nifty settles below 10,100; OMCs weigh

Catch all that happened in the market here

The benchmark indices pared morning gains in the last leg of the session, to end flat, dragged by losses in metal, realty, auto, FMCG and oil & gas sectors. The broader markets also underpeformed the frontline indices. Oil marketing companies (OMCs) such as BPCL, HPCL and IOC tanked up to 8% following news reports that the OMCs may be told to absorb increase in oil prices due to inflation risks.  Globally, Asian markets inched up to a 10-year high, cheered by record highs on Wall Street following Apple's new launches and as North Korea fears eased. Dismal ...

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