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Nifty ends marginally lower but holds above 10,000 , up 1% for week

Catch all that happened in the market here

SI Reporter  |  New Delhi 

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The benchmark Nifty50 pared losses in last leg of trade to end the first day of August series above 10,000-mark, up 1% for the week.  Sensex, on the other hand, also ended marginally lower for the day but up 1% for the week. The street was dragged down by after DrReddy's extended fall for the second straight day post weaker Q1 quarterly earnings. Negative cues from after US tech shares pulled slightly lower also contributed to the losses. 

Focus now shifts to Reserve Bank of India’s two-day monetary policy meeting, which is set to begin next week on Tuesday, while the outcome is expected on Wednesday.

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Analyst view:   Vinod Nair, Head of Research, Geojit Financial Services    Market retreated from high due to subdued result from banking stock and consumer discretionary, while pharma continued to taste the bitterness in earnings owing to US FDA inspection and pricing pressure. This consolidation may continue in the near-term but investors may start accumulating due to surplus liquidity and likely change in RBI's stance with a 25bps rate cut in the next week policy meet.

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Top sectoral gainers and losers Source: NSE

Nifty ends marginally lower but holds above 10,000 , up 1% for week

HDFC, Infosys, Kotak Mahindra Bank, Adani Ports and ONGC gained the most on BSE Sensex while Dr Reddy's, Sun Pharma, Lupin, ICICI Bank and HeroMoto Corp lost the most on the index

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Top weekly gainers: YES Bank (up 16.75%), HDFC (8.8%), HDFC Bank (4.4%), Indusind Bank (3.9%) and Adani Ports (3.6%)

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Top weekly losers: ITC (down 14.4%), De Reddy's (down 9%), Lupin (down 6.5%), Ultratech Cement (down 4.7%), HeroMoto Corp (down 3.3%)

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Sensex settled the day at 32,309, down 73 points, while the Nifty50 ended at 10,014, down 6 points.    Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap, up 0.5% and 0.4% respectively.

Nifty ends marginally lower but holds above 10,000 , up 1% for week

HDFC, Infosys, ITC lead the markets to recovery in the last leg of trade

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Global market check:   Asian stock markets sagged on Friday after US tech shares retreated from recent rallies, though optimism about US corporate earnings and the global economy underpinned overall sentiment.   MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1%, erasing almost all of its weekly gains, with Samsung Electronics, Asia's largest company by market capitalisation, dropping 4.4%. Japan's Nikkei shed 0.6%.

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Karachi stock exchange extends falls over 1300 points to 44235.94 Source: Pakistan Stock Exchange

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Markets erase some losses At 3:05 pm, the Sensex was trading at 32,299, down 84 points, while the Nifty50 was ruling at 10,011 down 9 points.  Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.4% and 0.3% respectively.

Nifty ends marginally lower but holds above 10,000 , up 1% for week

Top Sensex gainers and losers Source: BSE

First Published: Fri, July 28 2017. 15:32 IST
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Nifty ends marginally lower but holds above 10,000 , up 1% for week

Catch all that happened in the market here

The benchmark Nifty50 pared losses in last leg of trade to end the first day of August series above 10,000-mark, up 1% for the week.  Sensex, on the other hand, also ended marginally lower for the day but up 1% for the week. The street was dragged down by after DrReddy's extended fall for the second straight day post weaker Q1 quarterly earnings. Negative cues from after US tech shares pulled slightly lower also contributed to the losses. 

Focus now shifts to Reserve Bank of India’s two-day monetary policy meeting, which is set to begin next week on Tuesday, while the outcome is expected on Wednesday.

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