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Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

All that happened in today's trade

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SI Reporter  |  New Delhi 

The benchmark indices settled the last trading day of 2017 on a positive note even as Asian markets remained subdued, and back home the government breached its fiscal deficit target for the ongoing financial year, due to lower-than-expected revenue collections and higher revenue expenditure,  The fiscal deficit for the first eight months of FY18 stood at 112 per cent - Rs 6.12 lakh crore - of the full year's target of Rs 5.46 lakh crore, data furnished by the Comptroller General of Accounts (CGA) showed.  Overseas, European markets were trading flat, while Asian ...

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Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Sectoral trend Source: NSE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Markets at close The S&P BSE Sensex settled at 34,056, up 209 points, while the broader Nifty50 ended at 10,530, up 52 points. For the year, both the indices added nearly 28%.  Index Current Pt. Change % Change   S&P BSE SENSEX 34,056.83 +208.80 +0.62   S&P BSE SENSEX 50 10,979.78 +60.67 +0.56   S&P BSE SENSEX Next 50 36,849.38 +204.10 +0.56   S&P BSE 100 11,029.78 +60.96 +0.56   S&P BSE Bharat 22 Index 3,772.25 +12.68 +0.34 Source: BSE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Buzzing stock   Shares of Infibeam Incorporation turned volatile trading 12% lower at Rs 144.80 on Friday at 02:12 PM; on back of heavy volumes.   The stock of internet software & services recovered 47% from its early morning low of Rs 98.80 on the BSE. It was closed at Rs 165 on Thursday. READ MORE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Top 10 best and worst performing stocks of 2017   The year 2017 was rewarding one for Dalal Street, with over 80 stocks on the BSE 500 more than doubling investors' wealth during the year, even as the S&P BSE Sensex rallied 27%. Two stocks - HEG and Indiabulls Ventures - delivered over 1,000% during the period.     There were at least 79 stocks on the BSE-500 that gained over 100% in 2017. By comparison, the BSE-500 and the S&P BSE Sensex advanced 35% and 27%, respectively. READ MORE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Realty, consumer durable sectors outperform, up over 100% in CY17   Contrary to expectations that demonetisation and implementation of the goods and services tax (GST) bill will dent the fortunes of consumer durables sector and realty sectors, both indices have maned to outperform the markets during calendar year 2017 (CY17).   While the S&P BSE Consumer Durables index gained 101% during CY17, the S&P BSE Realty index rallied 106% during the same period. By comparison, the S&P BSE Sensex moved up over 27%. READ MORE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

April-Nov fiscal deficit hits 112% of full-year target   India reported a fiscal deficit of Rs 6.12 lakh crore  ($95.77 billion) for April-November or 112 per cent of the budgeted target for the current financial year that ends in March.   Net tax receipts in the first eight months of 2017/18 financial year were Rs 6.99 lakh crore ($109.39 billion), government data showed on Friday. CLICK HERE FOR DETAILS

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Central borrowing of Rs 50,000 cr to delay lending rate cuts: BofAML    The additional borrowing of Rs 50,000 crore by the Centre is a "negative surprise" that will sustain higher yields and delay lending rate cuts, the key for economic growth recovery, says a report.   "We thought that the government's decision to borrow another Rs 500 billion/0.3 per cent of GDP was an avoidable negative surprise in an already nervous G-sec market," Bank of America Merrill Lynch said in a research note. READ MORE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Markets check  At 3:00 pm, the S&P BSE Sensex was trading at 34,056, up 208 points, while the broader Nifty50 was ruling at 10,530, up 53 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 34,046.69 +198.66 +0.59   S&P BSE SENSEX 50 10,977.87 +58.76 +0.54   S&P BSE SENSEX Next 50 36,812.53 +167.25 +0.46   S&P BSE 100 11,026.29 +57.47 +0.52   S&P BSE Bharat 22 Index 3,771.20 +11.63 +0.31 Source: BSE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Ignore bitcoin mania: Five personal finance lessons from 2017   For those who had an allocation to equities, 2017 was a very good year. But with interest rates on fixed-income products falling, fixed-income investors took a beating. Here are five key lessons you can draw from the year that has just gone by. CLICK HERE FOR MORE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Sensex heatmap in afternoon trade  Source: BSE

Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

Improving BFSI demand positive for IT   Stocks of IT majors have gained up to four per cent over the past week on expectations that IT budgets of North American companies could trend higher. Over 60 per cent of revenues for top IT firms come from North America, and revenue visibility, given a positive management commentary by Accenture, could lead to a growth upcycle.   On Accenture results last week, analysts at Morgan Stanley had said, “Revenue beat, uptick in lower end of guidance, record growth in new bookings, among others, bode well for Indian IT vendors and could reflect positively on the stocks. READ FULL REPORT

First Published: Fri, December 29 2017. 15:44 IST
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Indices wave goodbye to 2017 on a positive note; Nifty ends above 10,500

All that happened in today's trade

The benchmark indices settled the last trading day of 2017 on a positive note even as Asian markets remained subdued, and back home the government breached its fiscal deficit target for the ongoing financial year, due to lower-than-expected revenue collections and higher revenue expenditure,  The fiscal deficit for the first eight months of FY18 stood at 112 per cent - Rs 6.12 lakh crore - of the full year's target of Rs 5.46 lakh crore, data furnished by the Comptroller General of Accounts (CGA) showed.  Overseas, European markets were trading flat, while Asian ...

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