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Nifty pares gains to end flat, but settles July expiry above 10,000

All that happened in Thursday's trade

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SI Reporter  |  New Delhi 

The benchmark indices pared gains to end flat, led by losses in Dr Reddy's, Bharti Airtel, Tata Motors and TCS. However, the Nifty managed to settle the July series of derivatives expiry above 10,000 after the index surged past 10,100-mark in intraday trade. Overseas, European markets were trading positive, while Asian markets hit their highest in nearly a decade after the US Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the ...

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Nifty pares gains to end flat, but settles July expiry above 10,000

Vinod Nair, Head of Research, Geojit Financial Services Optimism on earnings growth and dovish tone by US Fed after keeping the key rates on hold energized the market. But volatility emerged towards close on account of expiry and concerns over valuation which influenced investors to book profit. On the other hand, better than expected results from blue-chips will attract investors to large caps as compared to small and mid caps.

Nifty pares gains to end flat, but settles July expiry above 10,000

Nifty Bank settles at 24,922 after crossing 25,000-mark for the first time ever. Source: NSE

Nifty pares gains to end flat, but settles July expiry above 10,000

The breadth, indicating the overall health of the market, remained negative. On the BSE, 1,844 shares declined and 880 shares rose. A total of 152 shares were unchanged.

Nifty pares gains to end flat, but settles July expiry above 10,000

Top Sensex gainers and losers (Source: BSE)

Nifty pares gains to end flat, but settles July expiry above 10,000

Broader markets underperformed. The BSE Midcap and the BSE Smallcap indices slipped 0.5% each. 

Nifty pares gains to end flat, but settles July expiry above 10,000

Markets at close The Sensex ended at its record high of 32,383, up 1 point, while  the Nifty50 closed at 10,020, down 0.1 point. 

Nifty pares gains to end flat, but settles July expiry above 10,000

Tata Elxsi hit a 52-week high of Rs 1,767, up 5% on BSE in intra-day trade, after the company’s board recommended 1:1 bonus share. CLICK HERE FOR FULL REPORT

Nifty pares gains to end flat, but settles July expiry above 10,000

Dr Reddy's extends losses to slip 3% to Rs 2,620 after 53% fall in Q1 net profit.

Nifty pares gains to end flat, but settles July expiry above 10,000

Market check   At 3:00 am, the Sensex was trading at 32,406, up 24 points, while the broader Nifty50 was ruling at 10,031, up 11 points.

Nifty pares gains to end flat, but settles July expiry above 10,000

Volatility index India VIX down 0.6% to 11

Nifty pares gains to end flat, but settles July expiry above 10,000

Earnings impact Dr Reddy's fell over 1% to Rs 2,648 after the drug major reported 53.2% fall in its consolidated net profit at Rs 59.1 crore for the June quarter versus 126.3 crore reported in the same quarter of the previous fiscal year. The company's consolidated sales rose 2.5% to Rs 3,315 crore against Rs 3,234 crore reported in Q1FY17.

First Published: Thu, July 27 2017. 15:33 IST
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Nifty pares gains to end flat, but settles July expiry above 10,000

All that happened in Thursday's trade

The benchmark indices pared gains to end flat, led by losses in Dr Reddy's, Bharti Airtel, Tata Motors and TCS. However, the Nifty managed to settle the July series of derivatives expiry above 10,000 after the index surged past 10,100-mark in intraday trade. Overseas, European markets were trading positive, while Asian markets hit their highest in nearly a decade after the US Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the ...

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