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Sensex, Nifty end flat after a choppy session; broader markets outperform

All that happened in the market today

SI Reporter  |  New Delhi 

The benchmark indices ended flat on Thursday after a choppy session following muted reaction of the Asian markets to the passage of US tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. Back home, a Nomura report said that the Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices. According to the Japanese financial services major, strengthening of the ...

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Sensex, Nifty end flat after a choppy session; broader markets outperform

Top Sectoral Gainer: Nifty Metal Source: NSE

Sensex, Nifty end flat after a choppy session; broader markets outperform

Sectoral Trend Source: NSE

Sensex, Nifty end flat after a choppy session; broader markets outperform

Top Sensex gainers and losers Source: BSE

Sensex, Nifty end flat after a choppy session; broader markets outperform

Broader Markets Broader market outperform benchmark indices with BSE Midcap and BSE Smallcap up 0.7% and 1.1% respectively

Sensex, Nifty end flat after a choppy session; broader markets outperform

Markets at Close The S&P BSE Sensex ended the day at 33,756, down 21 points while the broader Nifty50 index settled at 10,440, down 4 points

Sensex, Nifty end flat after a choppy session; broader markets outperform

2G verdict: There was no wrongdoing on our part, says Unitech M D Chandra   Within hours of acquittal in the 2G spectrum allocation case by a special court, Unitech M D Sanjay Chandra said there was no wrongdoing on his part but his company had to pay the price for the case foisted on him.   Anil Ambani-led Reliance Group also welcomed the court verdict.   Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the case. Fifteen other accused and three companies were also acquitted. READ MORE

Sensex, Nifty end flat after a choppy session; broader markets outperform

Trending Reliance Infra gained 5.5% after the company signed definitive binding agreement with Adani Transmission for 100% Sale of its integrated Mumbai power business. Adani Transmission up 7% on the development

Sensex, Nifty end flat after a choppy session; broader markets outperform

Buzzing Stock Shares of Reliance Nippon Life Asset Management Ltd jump as much as 4.8 pct to 287.9 rupees, highest since Nov 14 as CLSA started coverage with “buy”, TP of Rs 325   Brokerage says India’s third-largest asset manager should benefit from rising penetration and ability to leverage strong retail presence

Sensex, Nifty end flat after a choppy session; broader markets outperform

Wockhardt, Sun TV, KNR Constructions among 36 stocks hit 52-week highs   Wockhardt, Biocon, Manappuram Finance, Varun Beverages, Motilal Oswal Financial Services and Sun TV Network are among 36 stocks from the S&P BSE 500 index hitting their respective 52-week highs on the BSE on Thursday.   Eveready Industries, Future Consumer, Minda Industries, Raymond, Rallis India, NCC, SRF, Kansai Nerolac, Nava Bharat Ventures and Pidilite Industries too hit 52-week highs in intra-day trade today. READ MORE

Sensex, Nifty end flat after a choppy session; broader markets outperform

RBI's key policy rates to remain unchanged in 2018: Nomura   The Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices, says a Nomura report.   According to the Japanese financial services major, strengthening of the growth recovery could push a few Monetary Policy Committee (MPC) members towards a "tightening bias".   Minutes of the December 6 policy meeting show that despite upside risks to inflation, most MPC members voted for a pause because of growth concerns, Nomura said. READ MORE

Sensex, Nifty end flat after a choppy session; broader markets outperform

Interview of the day   Equity valuations are no longer undemanding: Harshad Patwardhan   Markets may deliver higher-than-historical long-term average returns over the next few years, says Harshad Patwardhan, chief investment officer-equities, Edelweiss Asset Management. He says that earnings growth might surprise the Street going forward as the economy accelerates from its current nominal levels. READ FULL INTERVIEW HERE

First Published: Thu, December 21 2017. 15:31 IST
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Sensex, Nifty end flat after a choppy session; broader markets outperform

All that happened in the market today

The benchmark indices ended flat on Thursday after a choppy session following muted reaction of the Asian markets to the passage of US tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. Back home, a Nomura report said that the Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth, and elevated oil prices. According to the Japanese financial services major, strengthening of the ...

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