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Sensex ends marginally lower but Nifty manages to hold 10,050

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SI Reporter  |  New Delhi 

Benchmark indices ended the day flat amid lack of any major domestic cues. Both the NSE Nifty and BSE Sensex hit record highs last week, raising concerns that factors such as positive earnings and hopes of an improving economy were already factored into prices. Tata Steel contributed most to the gains in Sensex and Nifty as it hit its 52-week high on expectations of strong quarterly results, but broader gains were capped by profit-taking on concerns over valuations. Meanwhile, world stocks advanced on Monday as better-than-expected company earnings and economic ...

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Sensex ends marginally lower but Nifty manages to hold 10,050

Analyst View Vinod Nair, Head of Research, Geojit Financial Services said: Market went to consolidation at 10k as high valuation and lack of fresh triggers influenced investors to stay on the sidelines. Positive sentiment and high liquidity will continue to support the market while any major disparity between earnings and current valuation could lead to consolidation.

Sensex ends marginally lower but Nifty manages to hold 10,050

Amara Raja Batteries gained 2% even after teh company reported a 23.58% decline in net profit at Rs 99.85 crore for the quarter ended June 2017 due to a steep rise in the cost of materials, besides other expenditure. The company's net profit stood at Rs 130.53 crore in the corresponding quarter last year.

Sensex ends marginally lower but Nifty manages to hold 10,050

Global Check Asian stocks advanced on Monday, taking their cue from Wall Street, while the dollar moderated but retained most gains made on stronger-than-expected July jobs growth and the promise of a US tax plan that will repatriate corporate profits.   MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5% while Japan's Nikkei was up 0.6%.   Chinese blue chips rose 0.1%, while the Shanghai Composite was flat. However, Hong Kong's Hang Seng climbed 0.4%.   South Korea's KOSPI was up 0.5%, while Australian shares surged 1%. 

Sensex ends marginally lower but Nifty manages to hold 10,050

Top sectoral gainers and losers Source: NSE

Sensex ends marginally lower but Nifty manages to hold 10,050

Metal Index was one of the top sectoral gainers on the frontline indices, up over 1% led by gains mainly in Tata Steel (up 4%) ahead of the earnings folllowed by JSPL, SAIL, Hindalco and Coal India Crude steel output in the first two months grew by 4.5 per cent to 16.4 million tonnes.

Sensex ends marginally lower but Nifty manages to hold 10,050

Oil and Gas stocks continued their rally for third straight session: HPCL, IOC, Petronet LNG, BPCL, Indraprastha Gas and Oil India gained between 1.25-6.1% Representative Image

Sensex ends marginally lower but Nifty manages to hold 10,050

Top Sensex gainers and losers Source: BSE

Sensex ends marginally lower but Nifty manages to hold 10,050

Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap indice up over 1% each

Sensex ends marginally lower but Nifty manages to hold 10,050

Benchmark indices ended the day flat amid lack of any major domestic cues. Both the NSE Nifty and BSE Sensex hit record highs last week, raising concerns that factors such as positive earnings and hopes of an improving economy were already factored into prices. The BSE Sensex ended at 32,273, down 51 points while the broader Nifty50 index settled at 10,057, down 9 points

Sensex ends marginally lower but Nifty manages to hold 10,050

Benchmark indices fall marginally in the last leg of the trade dragged mainly by IT stocks. Other laggards included NTPC, Dr Reddy's M&M, Tata Motors and Bharti AIrtel

Sensex ends marginally lower but Nifty manages to hold 10,050

Indian Hume Pipe advanced 3.19% to Rs 544.50 on BSE after the company said it has secured a work order of Rs 257.44 crore from Madhya Pradesh Urban Development Company.

First Published: Mon, August 07 2017. 15:30 IST
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Sensex ends marginally lower but Nifty manages to hold 10,050

Catch all that happened in the market here

Benchmark indices ended the day flat amid lack of any major domestic cues. Both the NSE Nifty and BSE Sensex hit record highs last week, raising concerns that factors such as positive earnings and hopes of an improving economy were already factored into prices. Tata Steel contributed most to the gains in Sensex and Nifty as it hit its 52-week high on expectations of strong quarterly results, but broader gains were capped by profit-taking on concerns over valuations. Meanwhile, world stocks advanced on Monday as better-than-expected company earnings and economic ...

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