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Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

All that happened in today's trade

SI Reporter  |  New Delhi 

The benchmark indices edged marginally higher on Friday as metal shares continued to rally on the back of higher commodity prices, but snapped a three-week winning streak amid continued caution about global risk factors such as North Korea. Meanwhile, European stocks were off 0.3% as the stronger euro -- a hit to exporters’ profits -- continued to take the shine off one of the most favoured trades from earlier this year. Europe’s main benchmark is now down more than 6% from its May highs. However, analysts cautioned domestic markets were ...

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Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Vinod Nair, Head of Research, Geojit Financial Services    The market continued to consolidate amid lack of fresh triggers for a decisive up-move. The global uncertainties are not completely out of the wood but the degree of threat is narrowing which will keep the long term outlook intact.

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Nifty Auto slips 0.5% ahead of GST Council meet on car cess Source: NSE

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Sensex heatmap at close Source: BSE

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Broader markets   Broader markets underperformed with BSE Midcap and the BSE Smallcap indices losing 0.4% and 0.1%, respectively. 

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Markets at close   The Sensex ended at 31,687, up 24 points, while the broader Nifty50 settled at 9,934, up 5 points. 

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Saudi Aramco IPO   When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). READ FULL REPORT

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

European markets European markets were trading lower as the stronger euro - a hit to exporters’ profits - continued to take the shine off one of the most favoured trades from earlier this year. The pan-European Stoxx 600 was down by around 0.29% after the opening bell, with almost all sectors and major bourses trading in the negative territory. FTSE 100 was down by 0.23% at 7,380. CAC 40 also was down by 0.21% at 5,103. DAX also reduced by 0.15% at 12,278. 

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Buzzing stock Mahindra and Mahindra slipped over 3% and was the top index loser ahead of the GST Council meet to decide the quantum of cess hike in each variety of car on SUVs and luxury cars.

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Top five losers on Nifty Source: BSE

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Markets check   At 3:00 pm, the Sensex was trading at 31,704, up 41 points, while the Nifty50 was ruling at 9,936, up 7 points. 

Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

Buzzing stock 8K Miles Software Services hit 52-week low of Rs 436, down 9%, extending its Thursday’s 3% fall on BSE. CLICK HERE FOR FULL REPORT

First Published: Fri, September 08 2017. 15:37 IST
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Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet

All that happened in today's trade

The benchmark indices edged marginally higher on Friday as metal shares continued to rally on the back of higher commodity prices, but snapped a three-week winning streak amid continued caution about global risk factors such as North Korea. Meanwhile, European stocks were off 0.3% as the stronger euro -- a hit to exporters’ profits -- continued to take the shine off one of the most favoured trades from earlier this year. Europe’s main benchmark is now down more than 6% from its May highs. However, analysts cautioned domestic markets were ...

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