Sensex ends flat, Nifty below 10,100; indices up 1% for the week
Catch all that happened in the market here
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North Korea Supreme Leader Kim Jong-un
Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week.
Global stocks remaind subdued after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.
Global stocks remaind subdued after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.
The launch happened early on Friday after US markets had been shut for the day. European shares were also trading lower for the day.
However, most analysts feel that the threat to stability for the Indian equity markets is mostly from the global geopolitical situation that can see the markets perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a medium-to-long term perspective.
3:53 PM
Markets rundown by Jayant Manglik, President, Retail Distribution, Religare Securities
Markets ended almost flat in a volatile session today, pressurized by weak global cues. The news of another missile test by the North Korea led a feeble start but buying in select index majors pared losses completely in the middle. However, profit taking in last half an hour again pushed the bulls slightly on the back foot. Amid all, only IT index managed to close with the decent gain while majority ended flat.
3:46 PM
Pharma falls
Dr. Reddy’s Laboratories and Aurobindo Pharma, which gained in the last three sessions, fell 2% and 1.3%, respectively.
The Nifty Pharma Index was down 0.5%, breaking its three-day winning streak.
Dr. Reddy’s Laboratories and Aurobindo Pharma, which gained in the last three sessions, fell 2% and 1.3%, respectively.
Source: NSE
3:40 PM
ONGC gains
State-owned Oil and Natural Gas Corp however rose over 4.4%, the top percentage gainer on the NSE index, snapping a three-session losing run on rising crude oil prices as demand outlook brightens.
3:38 PM
Top Sensex gaienrs and losers for the day
Source: BSE
3:36 PM
Broader Markets
Among broader markets, BSE Midcap index underperformed the benchmarks indices, down 0.3% while BSE Smallcap index was up 0.4%
Among broader markets, BSE Midcap index underperformed the benchmarks indices, down 0.3% while BSE Smallcap index was up 0.4%
3:35 PM
Markets at close
Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week.
The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point
Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week.
The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point
3:24 PM
Revival or just low base? FMCG volume sales grew 6% in July
The local fast-moving consumer goods (FMCG) market grew six per cent by volume in July, triggering hope of a revival in the sector that was struggling to grow. Data from consumer analytics firm Kantar Worldpanel, show that recent growth was aided by 12% expansion of the rural FMCG market and seven per cent growth in overall foods and beverages (F&B) category.
A detailed analysis of historical data, however, reveals that a low base may have played a key role in the recent uptick in the sale of chips, biscuits, shampoos, and soaps. READ MORE
A detailed analysis of historical data, however, reveals that a low base may have played a key role in the recent uptick in the sale of chips, biscuits, shampoos, and soaps. READ MORE
3:16 PM
MIRC hits upper circuit
MIRC Electronics has hit the upper circuit for the second straight day, up 20% at Rs 24.16 on BSE after the company on Wednesday reported nearly four-fold jump in net profit at Rs 4.50 crore in June quarter (Q1FY18).
MIRC Electronics has hit the upper circuit for the second straight day, up 20% at Rs 24.16 on BSE after the company on Wednesday reported nearly four-fold jump in net profit at Rs 4.50 crore in June quarter (Q1FY18).
The company engaged in consumer electronics business had reported a profit of Rs 1.16 crore in a year ago quarter.
Net sales during the quarter, however, declined by 14% to Rs 207 crore against Rs 240 crore in the corresponding quarter of previous fiscal.
2:57 PM
Oil Check
Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone.
US West Texas Intermediate crude was down 17 cents, or 0.4%, at $49.72 a barrel. It briefly broke above $50 on Thursday, hitting a four-month high, and finished 1.2% higher at $49.89, its highest close since July 31.
2:49 PM
Bombay Burmah gains
Bombay Burmah Trading Corporation gained 11% to Rs 1,188 on back of more than two-fold jump in trading volume. The company engaged in tea & coffee business has rallied 36% from Rs 871 on August 3, after it reported a good set of numbers for June quarter (Q1FY18). The company’s net losses narrowed to Rs 1.69 crore in Q1FY18 from Rs 3.67 crore in a year ago quarter.
Bombay Burmah Trading Corporation gained 11% to Rs 1,188 on back of more than two-fold jump in trading volume. The company engaged in tea & coffee business has rallied 36% from Rs 871 on August 3, after it reported a good set of numbers for June quarter (Q1FY18). The company’s net losses narrowed to Rs 1.69 crore in Q1FY18 from Rs 3.67 crore in a year ago quarter.
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First Published: Sep 15 2017 | 3:31 PM IST