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Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

All that happened in Tuesday's trade

SI Reporter  |  New Delhi 

The benchmark indices settled lower on Tuesday on concerns that higher global crude oil prices would stoke inflation and impact future interest rate decisions by the Reserve Bank of India (RBI), with oil marketers and bank stocks weighing on the Nifty50. Brent crude oil, the international benchmark for oil prices, jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts. The Nifty Bank index fell as much as 1% after ...

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Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Vinod Nair, Head of Research, Geojit Financial Services     Profit-booking on the broader indexes capped the previous day’s gain as rising oil price casts caution over the inflation trajectory. Rate sensitive stocks underperformed ahead of today’s economic data CPI inflation & IIP. Mixed trend in global market ahead of two days of US Fed meet also slowed down the domestic sentiment.

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Nikhil Kamath, Co-Founder and Head of Trading, Zerodha   Markets opened slightly higher in trade on Tuesday, constant selling through the session took the indices lower to close with losses of close to one percent. Banking stocks underperformed with Bharti Infratel, TataPower, BPCL, IOC being the worst performers of the session, with crude prices rallying on the back of the North sea pipeline outage.   The issue inherently is that we are constantly underperforming our global peers and prices seem to have run up without the underlying fundamentals catching up yet.   We continue to maintain a negative outlook and advocate holding shorts at the current juncture.

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Sensex heatmap at close  Source: BSE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Markets at close The S&P BSE Sensex ended at 33,227, down 227 points, while the broader Nifty50 settled at 10,240, down 82 points. S&P BSE SENSEX 33,227.99 -227.80 -0.68   S&P BSE SENSEX 50 10,692.83 -75.98 -0.71   S&P BSE SENSEX Next 50 35,410.92 -426.71 -1.19   S&P BSE 100 10,717.78 -84.78 -0.78   S&P BSE Bharat 22 Index 3,688.35 -32.94 -0.89 Source: BSE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Sectoral trend in last leg of trade  Source: NSE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Repro India dips 8% post Q2 results   Repro India has dipped 8% to Rs 793 on the BSE in noon deal after the company reported a 85% year on year decline in consolidated net profit at Rs 2.54 crore in September quarter (Q2FY18), due to lower operational income and higher other expenses. It had profit of Rs 17.42 crore in year ago quarter. READ MORE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Markets check At 3:05 pm, the S&P BSE Sensex was trading at 33,235, down 220 points, while the broader Nifty50 was ruling at 10,244, down 77 points. Index Current Pt. Change % Change   S&P BSE SENSEX 33,230.05 -225.74 -0.67   S&P BSE SENSEX 50 10,695.71 -73.10 -0.68   S&P BSE SENSEX Next 50 35,438.06 -399.57 -1.11   S&P BSE 100 10,721.65 -80.91 -0.75   S&P BSE Bharat 22 Index 3,687.68 -33.61 -0.90 Source: BSE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Nifty slips below 10,250; top five losers  Source: NSE

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Kotak Securities on Petronet LNG   We expect Petronet LNG’s earnings to grow at a CAGR of 15% over the next two years driven by a volume growth, benefiting from contractual commitments of 17.2 mn tons and commissioning of Kochi-Mangalore pipeline. We expect PLNG to report an EPS of Rs.14.1 for FY18E and an EPS of Rs.15 for FY19E. We expect FY18E to be better driven by acceleration in volume growth, supported by expansion. At CMP, we believe that the stock is reasonably valued at 16.7x FY19E earnings. We recommend BUY rating on the stock with a price target of Rs 285/- including equity value of 26% stake in Dahej Port. Given that most of the capacity at Dahej is tied-up, there is strong visibility on the free cash flow yield.

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Bitcoins a highly speculative investment: Why caution is required   With the price of a bitcoin reaching record highs of more than $10,000, more and more ordinary people consider investing in the cryptocurrency. The recent price surge, however, comes with tremendous risks. Investors should be prepared for the possibility that they could lose their entire investment. READ FULL ANALYSIS HERE 

Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

Buzzing stock    HEG was up nearly 5% to Rs 1,957 on the BSE in intra-day trade after the rating agency India Ratings & Research (Ind-Ra) has upgraded the credit rating of the company as 'IND A+' with positive outlook.   The upgrade reflects the consolidation in the graphite electrode industry with the merger of Showa Denko K.K. and SGL Carbon SE to create the world’s largest graphite electrode manufacturing company with a capacity of 225ktpa. Moreover, private equity group Brookfield Asset Management Inc acquired Graf-tech International Limited (160ktpa) in August 2015. CLICK HERE FOR DETAILS 

First Published: Tue, December 12 2017. 15:36 IST
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Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

All that happened in Tuesday's trade

The benchmark indices settled lower on Tuesday on concerns that higher global crude oil prices would stoke inflation and impact future interest rate decisions by the Reserve Bank of India (RBI), with oil marketers and bank stocks weighing on the Nifty50. Brent crude oil, the international benchmark for oil prices, jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts. The Nifty Bank index fell as much as 1% after ...

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