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Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

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SI Reporter  |  New Delhi 

Benchmark indices pared gains to end flat, losing over 1.5% in the week on foreign fund outflows amid worries that the government may widen its fiscal deficit target of 3.2% of gross domestic product for the year ending in March 2018 to boost an economy that grew at a slower pace than expected. Foreign investors net selling equities worth $1.1 billion during the month. They had sold worth $2 billion in shares in August. Markets saw a tough month in September as a slew of negative global and domestic factors, including expectations of further rate hikes by the US ...

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Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Market rundown by Anand James, Chief Market Strategist at Geojit Financial Services    Government's decision to stick to its budgeted borrowing limit eased the nerves of the investors and bargain hunting in the recently trampled stocks gave impetus to the domestic indices. Positivity from global markets, also added more legs to yesterday’s f&o related short covering, but with a long weekend ahead, followed by RBI rate decision and a series of macro data, traders opted to limit aggressive bets.

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Nifty Chart for the day Source: NSE

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Nifty Realty was the top sectoral gainer, up 2.6% Source: NSE

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Sectoral Trend Source: NSE

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Top Sensex gainers and losers Source: BSE

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Broader Markets Broader markets outperformed benchmark indices with BSE Midcap and BSE smallcap indices gaining 0.8% and 1% respectively. Both indices ended over 1% for the week

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Markets at close Benchmark indices pared gains to end flat, losing over 1.5% in the week on foreign fund outflows amid worries that the government may widen its fiscal deficit target of 3.2% of gross domestic product for the year ending in March 2018 to boost an economy that grew at a slower pace than expected. The S&P BSE Sensex ended the day at 31,283, up 1 point while the broader Nifty50 index settled at 9,788 up 19 points

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

FMCG sector slips over 1% Source: NSE

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Buzzing Stocks MEP Infrastructure Developers surged 5.58% to Rs 102.10 on BSE after the company said it has secured a contract for collection of toll at all entry points to Delhi.

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

USFDA Nod Drug firm Zydus Cadila has received final approval from the US health regulator to market doxycycline tablets, used for treatment of different types of bacterial infections such as acne and eye infection.   The company has received approval from the US Food and Drug Administration (USFDA) to market the drug in strengths of 50 mg, 75 mg, 100 mg and 150 mg, Zydus Cadila said in a BSE filing today.

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Sectoral trend Source: BSE

First Published: Fri, September 29 2017. 15:31 IST
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Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Catch all that happened in the market here

Benchmark indices pared gains to end flat, losing over 1.5% in the week on foreign fund outflows amid worries that the government may widen its fiscal deficit target of 3.2% of gross domestic product for the year ending in March 2018 to boost an economy that grew at a slower pace than expected. Foreign investors net selling equities worth $1.1 billion during the month. They had sold worth $2 billion in shares in August. Markets saw a tough month in September as a slew of negative global and domestic factors, including expectations of further rate hikes by the US ...

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