Sensex ends flat, Nifty below 9950; M&M top loser ahead of GST Council meet
All that happened in today's trade
 "Biocon's facility. Photo: Company's website")
Biocon's facility. Photo: Company's website
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 unlikely to gain much, with global risk factors such as continued tensions on the Korean peninsula weighing on sentiment.
3:54 PM
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.
3:49 PM
Nifty Auto slips 0.5% ahead of GST Council meet on car cess
Source: NSE
3:43 PM
Sensex heatmap at close
Source: BSE
3:40 PM
Broader markets
Broader markets underperformed with BSE Midcap and the BSE Smallcap indices losing 0.4% and 0.1%, respectively.
3:39 PM
Markets at close
The Sensex ended at 31,687, up 24 points, while the broader Nifty50 settled at 9,934, up 5 points.
3:22 PM
Saudi Aramco IPO
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3:19 PM
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.
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.
3:13 PM
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.
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.
3:05 PM
Top five losers on Nifty
Source: BSE
3:03 PM
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.
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First Published: Sep 08 2017 | 3:37 PM IST