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Markets pare losses to settle near day's high; Nifty ends above 10,050

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SI Reporter  |  New Delhi 

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The benchmark indices erased entire losses to settle near day's high thanks to gains in metal, oil & gas and banking stocks, while the pharma index was the sole sectoral loser. Almost all constituents of the Nifty pharma index, which shed as much as 2.5% intraday, were in red.

Overseas, European markets got off to an underwhelming start, with Britain's FTSE 100, Germany's DAX and France's CAC 40 all lower. The FTSE was nevertheless on course for its best week in two months, having been boosted by the latest tumble in the pound.


Markets pare losses to settle near days high; Nifty ends above 10,050

Vinod Nair, Head of Research, Geojit Financial Services    Market started with a negative bias due to profit booking while later the trend changed with renewed buying on index heavyweights. The pharma sector continued to face US regulatory & pricing pressure which refrained investors to give focus even at the low valuation. On the other hand, investors are watchful of the US employment data later today to take cues on the stability of US market.

Markets pare losses to settle near days high; Nifty ends above 10,050

Bharat-22 ETF   The ETF will feature four banking stocks -- SBI, Axis Bank, Bank of Baroda and Indian Bank -- other than CPSEs such as Nalco, ONGC, IOC, BPCL and Coal India. Besides, there will be nine other PSUs as well as REC and PFC. SUUTI's holding in ITC has also been included. CLICK HERE FOR FULL REPORT

Markets pare losses to settle near days high; Nifty ends above 10,050

Top Sensex gainers and losers  Source: BSE

Markets pare losses to settle near days high; Nifty ends above 10,050

Market breadth The breadth, indicating the overall health of the market, was negative. On the BSE, 1,388 shares fell and 1,198 shares rose. A total of 172 shares remained unchanged. 

Markets pare losses to settle near days high; Nifty ends above 10,050

In the broader market, the BSE Midcap outperformed to gain 0.6%, while the BSE Smallcap index settled little changed. 

Markets pare losses to settle near days high; Nifty ends above 10,050

Markets at close The Sensex ended at 32,325, up 87 points, while the Nifty50 closed at 10,066, up 52 points. Both indices settled the week marginally higher.  

Markets pare losses to settle near days high; Nifty ends above 10,050

IOC crosses Rs 2 lakh crore m-cap The market capitalisation of Indian Oil Corp crossed Rs 2 lakh crore, surpassing ICICI Bank, Larsen & Toubro and Bharti Airtel. The stock was the top Nifty gainers, up over 10%.

Markets pare losses to settle near days high; Nifty ends above 10,050

Arun Jaitley on divestment roadmap  Cochin Shipyard IPO one of the most successful in recent times

Markets pare losses to settle near days high; Nifty ends above 10,050

Arun Jaitley on divestment roadmap Revised divestment target in FY17 Was Rs 45,500 crore, and we realised Rs 46,247 crore 

Markets pare losses to settle near days high; Nifty ends above 10,050

Arun Jaitley on divestment agenda Bharat-22 ETF will have sectoral share capping of 20%. It will also have some holdings of SUUTI, CPSE ETF and PSU Banks. Single company stock cap in Bharat-22 ETF will be at 15%

Markets pare losses to settle near days high; Nifty ends above 10,050

Arun Jaitley on divestment rodemap   Created new ETF under the name of Bharat-22 

First Published: Fri, August 04 2017. 15:34 IST
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Markets pare losses to settle near day's high; Nifty ends above 10,050

Catch all the live market action here


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