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Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

All that happened in Tuesday's trade

SI Reporter  |  Mumbai 

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Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Vinod Nair, Head of Research, Geojit Financial Services   Market ended on a flat note as investors turned more cautious on account of the US Fed policy meeting. Also, the concern on valuation and lack of supportive cues to outpace the resistance influenced investors to book some profit.

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Sensex heatmap at close Source: BSE

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Market breadth  The market breadth, indicating the overall health of the market, turned negative. On the BSE, 1,310 shares declined and 1,295 shares rose. A total of 162 shares were unchanged.

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Broader markets outperform  The BSE Smallcap gained 0.3%, while the BSE Midcap added 0.1%. 

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Markets at close The Sensex settled at 32,402, down 21 points, while the broader Nifty50 closed at 10,147, down 5 points. 

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Volatility index India VIX rises marginally (up 0.2%) to 11.46. Source: NSE

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

European markets  European shares opened slightly lower as traders awaited clues from a Federal Reserve meeting on its plans to move towards unwinding its $4.2-trillion portfolio of Treasuries and mortgage-backed securities.   Despite Wall Street reaching new highs yet again, shares in Europe followed Asia’s overnight caution with the pan-European STOXX index down 0.2%, but still in range of six-week highs. German DAX traded lower by 0.09% at 12,546 levels, French CAC 40 slipped 0.16% at 5221 levels and IBEX 35 slipped 0.17% at 10,321 levels.

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Orient Bell, Asian Granito hit new high   Shares of ceramic tiles maker were in focus in an otherwise range-bound market. Orient Bell, Murudeshwar Ceramics, Asian Granito India, Nitco, Kajaria Ceramics and Somany Ceramics were up in the range of 4% to 14% on BSE. READ MORE

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Markets check  At 3:00 pm, the Sensex was trading at 32,419, down 4 points, while the broader Nifty50 was ruling at 10,151, down 1 points. 

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

ICICI Lombard IPO gets fully subscribed   Indian insurer ICICI Lombard's initial public offering of shares to raise as much as 57 billion rupees ($888.40 million) was fully subscribed early on the last day of the sale on Tuesday, stock exchange data showed. READ MORE

Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

Buzzing stocks  Shares of four state-run gas transmission and distribution firms rose 1.13% to 2.33% at 12:55 IST on BSE after a global research firm reportedly presented a positive view on the sector.    GAIL (India) rose 2.33% to Rs 410. Indraprastha Gas rose 2.02% to Rs 1,469.20. Petronet LNG rose 1.13% to Rs 236.75. Gujarat State Petronet rose 1.42% to Rs 200.10. READ FULL REPORT

First Published: Tue, September 19 2017. 15:36 IST
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Markets snap 8-session rally; Nifty settles below 10,150 ahead of Fed meet

All that happened in Tuesday's trade

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